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Showing posts from July, 2022

Japanese financial group SBI and SMFG cooperate to launch digital bank

The second largest bank in Japan will sign an agreement with SBI Holdings to provide digital banking services on smartphones. As primexbt news reported on April 27, Sumitomo Mitsui Financial Group (SMFG) and SBI have taken the first steps towards a multi-million dollar deal that will conclude discussions this week, before Japan The version takes place during the Golden Week holiday. In June, SMFG will buy a 20% stake in NeoMobile Securities, a subsidiary of SBI. By the end of this year, SBI will accept an investment from SMFG and create a new $1 billion fund to invest in digital technology companies. This new fund will seek to invest in a variety of investment areas such as financial technology, blockchain and 5G. Close relationship with Ripple SBI is known for its XRP cryptocurrency. Chief Executive Officer (CEO) Yoshitaka Kitao is a member of Ripple's board of directors. He also has a close friendship with Satoshi claimant Craig Wright - the company has considered paying dividen

Tron DApps Available on Samsung App Store

Tron is expanding its ecosystem of cooperation with Blockchain Samsung in a new field that incorporates Blockchain games, which will be made available on its mobile devices. The Tron (TRX) project was announced on April 27, stating that applications built with Blockchain will be available on the Samsung Galaxy store. Tron DApps Available on Samsung App Store Tron and its tokens are backed by Samsung's Blockchain Vault, which stores private keys in a secure storage box. The integration is announced alongside Bitcoin (BTC) and Ethereum (ETH). As Tron has announced, Samsung's app store will include "Blockchain apps like Cuties, Super Player, Meerkat Mining, and Timeloop." It should be noted that Blockchain Cuties is a cross-platform game, and more and more Ethereum users are participating, even though transactions mostly take place on Tron. According to Dappradar.com, Super Player is probably currently an Ethereum-specific project. The other two applications are not yet

China Launches Blockchain-Based Service Platform for Global Trade

Six months after the launch of the beta test, China's blockchain-based service network (BSN) has officially opened to the global commercial market. China Launches Blockchain-Based Service Platform for Global Trade Government officials and heads of organizations met on April 25 in Beijing to announce the public launch of the BSN network. BSN is a global infrastructure that helps Blockchain projects design and operate Blockchain and crypto applications at a lower cost. At the same time, the network also promotes the development of smart city and digital economy. BSN was implemented by the cooperation of China Mobile, China UnionPay, and Huobi China. You may be interested: Director of BIS Innovation Hub: COVID-19 reveals the value of DLT Good start Both businesses and individual developers have expressed interest around the Blockchain-based Service Network. According to the report, more than 2000 developers have tested BSN within 6 months since the beta was announced on October 15, 20

Director of BIS Innovation Hub: COVID-19 reveals the value of DLT

Benoît CÅ“uré, director of the Innovation Hub at the Bank for International Settlements, recently said that central bank digital currencies, or CBDCs, crypto, have been “highly centralized.” amid the corona pandemic. On April 17, speaking during a webinar organized by Accenture, the Bretton Woods ReReinventing Committee and the Chamber of Digital Commerce, CÅ“uré said that “the crisis has revealed the value of technologies that have the potential to help the industry. economic expansion of its activities”. He also revealed that the Bank for International Settlements (BIS) is looking into tokenization or crypto as a possible solution, to restart some segments of the economy during the lockdown period because of Covid-19. Corona pandemic reduces cash consumption The head of Innovation Hub highlighted the decline of cash payments during the Covid-19 pandemic, and affirmed that the current economic situation creates a lot of discussion around CBDCs: “Central bank digital currency is being di

The Federal Reserve's balance sheet expands at a record pace

The Federal Reserve's balance sheet expands at a record pace - The Federal Reserve's balance sheet is expanding at a rapid rate. - In the last two months alone, the Fed has bought more assets than during the entire Great Recession - Some argue that the Fed's actions will lead to inflation in the long run. The Federal Reserve is buying back assets and its balance sheet is growing rapidly, especially over the past two months. Currently, the Fed buys about $41 billion in assets on a daily basis, and central banks around the world are also following in this vortex. According to an analyst at prime xbt , the economic point of this is pretty clear: inflation is coming. The Fed is buying in bulk The current spike in the Fed's balance sheet hasn't slowed since March. In fact, it's only picked up speed, and the result could be an unprecedented surge of inflation. This is what analyst Mati Greenspan (@MatiGreenspan), founder of Quantum Economics, told his followers recen

Bitcoin Forms a "Golden Cross" Pattern When Price Hits $7,500

Bitcoin bounced off the $7400-7500 resistance area on Thursday, with a high probability of a rally to $8000 The formation of the Golden Cross pattern predicts an imminent growth.Bitcoin has finally broken out of the ceiling that is holding back the price of the currency to enter a bull market. The coin's value surged past $7,500 on Thursday thanks to a sudden buying move that sent the price up over $704 in just 3 hours. Prices peaked at $7,775 on Coinbase before falling lower in early Asian trading on Friday. BTC was able to enter a resistance area on the chart. However, the upside movement is faltering, showing traders' anticipation for a continuation of the bull market before continuing to buy at regional tops. This could lead to a deeper drop to a lower price range. Formation of the Golden Cross pattern Bitcoin is expected to continue to increase in price, at the same time forming a Golden Cross pattern - a price model that can provide highly accurate predict

NFL Star Russell Okung Backs Startup With Bitcoin Rewards

In today's post, primexbt will bring you information about Okung Ventures, a venture startup founded by NFL star Russell Okung, with a mission to help crypto holders own and use BTC. The Los Angeles Chargers player has invested in and is promoting Fold, an app that gives users the ability to spend Bitcoin or fiat currency at major retailers like Amazon, Uber, and Starbucks. Similar to credit card cashback rewards: the more you spend, the more Bitcoin rewards you earn. 1. Bitcoin advocate and propagandist Earlier this month, Fold announced that it has joined the Visa Fintech Fast Track program and will launch a Fold debit Visa card that offers Bitcoin rewards. “It’s an important step towards mainstream Bitcoin adoption,” Okung said. We are thrilled for this partnership and the opportunity to introduce even more people to the best money generation in the world." Okung reckons he has become a crypto propagandist since tweeting “pay me in Bitcoin,” in May 2019. His company held a

E-wallet earns 1.5%/day: Is it a scam?

According to the primexbt blog , Jan Kowalski warns people to stay away from an app called StakenWallet. This site provides a proof-of-stake (proof of stake) investment method, the longer the wallet is kept, the more interest the user will receive. The initial interest rate is 0.6%/day and after 9 months will increase to 1.5%/day. Getting such a nice profit so easily seems to be a sign of a scam, like many famous cases in the past like BitConnect. 1. Signs of a scam At first glance, this app received positive reviews on Google Play, App Store and even Trustpilot. However, if you check carefully, you will find that the reviews sound extremely vague, or lack logic. An account named Gabriel Cătălin Baltac wrote on Trustpilot on April 19 that he had earned "millions of Bitcoins" using the app: "Awesome app I've earned millions of Bitcoins thanks to it. Thanks!" Meanwhile, according to the announcement, the total supply of BTC is only about 18.34 million. See more: 

XRP Reaffirms Long-Term Trend: Why Is This Necessary for Bulls?

Primexbt said that despite being the third largest cryptocurrency, the price of XRP fluctuated quite negatively, the coin was weaker than Bitcoin Cash, Litecoin, Monero, Stellar and many others in the first quarter of this year. However, according to a cryptocurrency trading expert, the bearish trend is likely to be reversed in the near future. 1. Positive signals from analysts According to Credible Crypto, an asset trader and a Youtuber, the recent rally in the crypto market has allowed XRP’s long-term chart to produce a rather positive sign: The trader posted the chart below on April 16, depicting that XRP has definitively reasserted a multi-year trend over the past week, attempting to break out of a downtrend since its all-time high. which has been rejected four times. Taking control to create this breakout is a sign that a bottom is in, says Credible. Very sure of this, he added his XRP positions and waited for growth in the coming months. Credible Crypto's share of these techn

Bitcoin price has plummeted but still can't break through resistance!

Currently, Bitcoin on primexbt exchange is facing a strong bearish trendline resistance. Throughout the past week, Bitcoin has failed to break above this resistance line. Just like my analysis last week, when Bitcoin first hit this downtrend line, I also predicted Bitcoin to be pushed down. Figure 1: BTCUSD, COINBASE, EASY Price Chart On the daily time frame (D) Bitcoin is still at a very strong psychological resistance price area, which is a price area that many traders are interested in. As you can see in Figure 1, Bitcoin is facing the following resistance levels: - Old support becomes new resistance - Price range of exponential moving averages EMA20 and EMA50 - Touching the downtrend line So this is still in a very strong resistance area, this price area we will analyze on 2 different points of view. 1. Bitcoin continues to plummet This week I am still basing on the Bitcoin analysis from last week to make the next analysis and prediction for this week. Looking at it objectively on

Cargill and Rabobank apply Blockchain to the global wheat business

Robobank and a number of logistics service companies have joined hands with the US agricultural giant - Cargill and agribusiness company Argocrop International to bring an application to support the wheat business from South America to South America. Southeast Asia. By using Singapore's Blockchain platform dltledgers, buying and selling transactions become easier. 1. Shorten transaction time According to primexbt trading , it can take up to a month to execute a transcontinental trade contract in the traditional way. However, wheat trading companies can use dltledgers' Blockchain platform to conduct end-to-end digital transactions, digitizing documents and transaction processes. This helps the parties reduce the contract signing time to 5 days. In the words of Jennifer Davidson, Head of Commercial Transactions at Cargill: "We see this opportunity as a demonstration of a new way of working, using technology to overcome challenges, towards the goal of improving trade capacity

Bitcoin SV Roadmap requires an access password

Even if you are interested in reading the Roadmap (development plan) of Bitcoin SV, you can no longer easily access it. This roadmap has been secured with a password for reasons that are not clear. Let's learn about this issue with primexbt trading in the following article: 1. Roadmap is kept secret Bitcoin SV, a fork of Bitcoin Cash created by self-proclaimed ‘Satoshi’ Craig Wright, recently underwent a halving event. Overall, the event did not produce a significant bullish effect. In the last two days, the hashrate (hash rate) of Bitcoin SV is falling deeply. With profits and prospects both shrinking, miners are not interested and have spent too much money trying to push the price of BSV but have not been successful. In the midst of this sensitive time, Bitcoin SV decided to close the roadmap. When accessing the official address of Bitcoin SV, you will see that the roadmap is protected by a password. Only those with the key can see the current roadmap. Bitcoin SV promises to be

Where is the cheapest and most reputable place to buy Ethereum?

If you are wondering “Where is the cheapest and most reliable place to buy Ethereum?” then this is the article for you. Ethereum is currently a highly appreciated virtual currency, the ETH rate is also increasing very quickly, ranking 2nd after Bitcoin. Investing in Ethereum is now a right and reasonable choice today when the price of Bitcoin is too high and you do not have enough money to invest. “ where is the cheapest and most reputable place to buy Ethereum? ” is definitely the first question when you want to invest in Ethereum. This article will help you with that. Buy Ethereum with Remitano Previously, Remitano was a website that allowed you to buy and sell Bitcoin with a famous bank card, almost 90% of Bitcoin transactions with a bank card were using Remitano because the conversion price was very reasonable and reputable. Currently, Remitano has opened an Ethereum trading portal, so to buy Ethereum at the cheapest price, Remitano is a top choice. To be able to buy cheap Ethereum

Russian Cybercriminal Sells $13 Million in Counterfeit Coins for Crypto

Russian authorities have detained a group of cybercriminals that are said to have sold a large amount of counterfeit money on the dark web (underground network) in exchange for cryptocurrencies. According to an April 7 report from primexbt news : Offenders have successfully sold more than one million Rubles of counterfeit money, worth about $13 million at the time of issue. Crime rages on Russia's largest black market According to a report by the Interior Ministry, the intruders circulated counterfeit money through a darknet shop of Russia's largest black market, Hydra. The store is operated under the name “Bank of Russia”, an alternative title for the Central Bank of the Russian Federation. According to the authorities, the counterfeit money from this shop is of "high quality". See more:  Ethereum price highest since March 12 thanks to positive reaction around ETH 2.0 Counterfeit money has been exchanged for cryptocurrency This gang has been operating for about a yea

Ethereum price highest since March 12 thanks to positive reaction around ETH 2.0

 On Tuesday (April 7), the price of Ether, the world's most valuable digital asset (by market capitalization), jumped suddenly to $175.79, its highest level since March 12. , as Phase 0 - the first phase of the Serenity update (ETH2.0) is about to go live in July 2020. According to data from primexbt , at 00:20 UTC on April 7th, Ether price hit $175.79, as we can see on the ETH/USD monthly price chart below. Ethereum price highest since March 12 thanks to positive reaction around ETH 2.0 ETHUSD monthly price chart At the time of writing (10:05 UTC on 07/04), the ETH/USD pair is trading at $174.55. Trading level at the time of writing This means that so far in 2020, the price of the Ether crypto has increased by 35.40%. It is also reasonable to say that part of the excitement around Ethereum is due to the ETH 2.0 (“Serenity”) upgrade, which Ethereum Foundation researchers hope to launch on July 30. During an AMA ("Ask Me Anything") on Reddit on February 6 called the "

Bitcoin is Forming a Bullish Divergence and a Reversal V

On primexbt exchange Bitcoin saw a strong rally last night, slowly breaking through the resistance it previously faced at $7,000, and seemingly finding stability in this area. This is something we haven't seen since the price dropped to $3,800 on March 12. This bullish movement seems to confirm BTC has formed a divergence signal to build strong bullish momentum in the weeks to come. One more interesting thing when looking back at Bitcoin's bullish history, one trader has noticed that Bitcoin is generally bullish between April and May. Bullish divergence appears clearly from a technical point of view At the time of writing, Bitcoin is trading above the $7,100 level, marking a notable increase from the lows of $6,600 that were set the day before yesterday. Before that, Bitcoin had many attempts to break through the $7,000 area, but every time it approached this price, it was rejected and turned around. If the price continues to stabilize in this area, this could be a sign that t

Bitcoin Forms Bullish Weekly Candlestick Pattern, But One Factor Could Derail the Trend

Yesterday, Bitcoin traded to $7,300, but then continued to move sideways in the upper $6,000 region. It should be noted that BTC's weekly candle has formed an uptrend, and is likely to become a medium-term uptrend. However, it remains unclear as to whether this will be enough to push Bitcoin past strong resistance just a few hundred dollars away from the current price. That leads some analysts to suggest that Bitcoin will remain bearish in the short term. 1. Bitcoin Price Still Holding After Rejection at $7,300 At the time of this writing, Bitcoin is trading at $6,900, very close to a key resistance level. This also marks a notable growth from the weekly low of $5,800. Meanwhile, the primexbt trading market is still under constant pressure to reverse the uptrend of the "bears". The strong sell-off in Bitcoin price at $7,300 formed a strong bearish H4 candle. Some analysts predict the price will be able to continue lower. Even so, there is one notable factor in favor of t

Crypto Community Responds to April Fools' Day Jokes

This year, although most of the mainstream media did not make jokes about the serious situation of the Covid-19 epidemic, the Crypto community decided not to miss the fun. Let's take a look at primexbt news with April Fools' jokes in the Crypto community. The earliest and funniest scam came from CoinMarketCap, when this crypto data statistics website announced “Toilet Token” as the cryptocurrency with the highest trading volume in the last 24 hours and surpassing even Bitcoin. Naturally, the circulating amount of this token is “out of stock”. Satoshi once predicted that the Covid-19 epidemic would break out CryptoPotato reported that Satoshi Nakamoto once predicted the Covid-19 epidemic in the original prospectus describing Bitcoin. The story is made more convincing when accompanied by a photo of the artfully edited intro, in which Satoshi argues that economic activities can slow down "when there is a severe economic downturn or some new strain of virus broke out.” But in