Project Atlas is a collaborative initiative between the Bank of International Settlements (BIS) and central banks within the Eurosystem, aimed at researching and developing crypto and blockchain technology. The project seeks to streamline the collection of data from diverse cryptocurrency exchanges and public blockchains, providing policymakers and central banks with a comprehensive overview of the […]
The Bank for International Settlements (BIS) has launched Project Atlas, a proof of concept aimed at exploring the economic impact of crypto assets and decentralized finance. The project is a combined effort of the BIS Innovation Hub Eurosystem Centre, De Nederlandsche Bank, and the Deutsche Bundesbank. It seeks to streamline the data collection process from […]
Solana token SOL has dropped 8% since October 1, reaching $22.8 in the New York hours of October 4. Technical analysis of the daily and weekly charts, as well as macroeconomic conditions, suggest a bearish continuation for Solana in Q4.The coin has been charting within a technical pattern called the “rising triangle”, with a flat […]
Bitcoin’s price is currently situated in a critical area, and its reaction in the next few days will likely determine the market’s direction in the coming weeks. The price has recently surpassed the $27,500 resistance level on the daily timeframe after breaking above the 50-day moving average around the $26K mark. However, the price has […]
The Bank of International Settlements (BIS) has developed a proof of concept (PoC) called Project Atlas to track on-chain and off-chain transactions from cryptocurrency exchanges and public blockchains including Bitcoin. Working with the Deutsche Bundesbank, De Nederlandsche Bank, European Central Bank and the Bank of France, the project aims to provide insights, information and economic […]
Bitcoin (BTC) has come under selling pressure in October 2023, trading at $27,445 with a market cap of $535 billion. Bloomberg Intelligence’s Mike McGlone suggests that Bitcoin could drop to $10,000 before the year ends due to negative liquidity and the potential long-lasting effects of rising global interest rates. Despite the bearish sentiment, significant Bitcoin […]
Arthur Hayes, former CEO of crypto exchange BitMEX, believes that a new Bitcoin and crypto bull market could be on the horizon due to ballooning yields in the U.S. treasury. This phenomenon, known as a “bear steepener”, occurs when long-term interest rates rise more quickly than short-term ones. Banks are unable to account for this […]
Ether (ETH) traded at just above $1,650 on Oct. 3, after dropping 5.3% in two days. The price had advanced 10% in the last week of September and hit a local peak at $1,750 on Oct. 1. The correction followed the Bitcoin-led correction that printed red candles on the charts of all top 40 digital […]
Bitcoin’s recent rally past $28,000 has defied traditional market trends, with open interest, as a percentage of Bitcoin’s market cap, approaching an annual low. This surprising contraction in speculative trading amidst bullish momentum has raised questions about whether traders are becoming more cautious or anticipating a potential price correction. However, something intriguing is occurring beneath […]
TYRION, a decentralized advertising platform, has announced its strategic move to build its platform on Coinbase’s Base Chain. This move is intended to leverage cutting-edge technology to offer unparalleled advertising solutions, anchored in transparency, efficiency, community incentivization, and innovation. Base Chain is renowned for its robust scalability, security, and efficiency, and aligns seamlessly with TYRION’s […]
