Bitcoin bulls are laying the path to $66K, but will they make it?

Interbank payments network provider, the Society for Worldwide Interbank Financial Telecommunications (SWIFT), has dismissed cryptocurrencies as being “useless and unstable.”An FXStreet report published on Sept. 10 cites unnamed SWIFT representatives at a London briefing earlier this week, who reportedly claimed that:“They go down in value like a yoyo, they’re useless and unstable. And even if…

It's been another bullish week for Bitcoin (BTC) as the price surged past the critical $7,200 resistance, as mentioned in last week's analysis, all the way to $7,300.However, the price has corrected slightly and is now sitting just below $7,200. So was this the local top? Or has the leading digital asset got some steam…

DNP3, a streamer and founder of several crypto projects like The charity-focused crypto CluCoin, The Goobers NFT and the metaverse platform Gridcraft Network has admitted to losing investor funds through gambling. In a tweet, the nonfungible token (NFT) project founder talked about his gambling addiction and issued a public apology. — DNP3 (@DNPthree) January 3, 2023…

OpenAI created the ground-breaking generative artificial intelligence (AI) model known as DALL-E, which excels at creating distinctive, incredibly detailed visuals from textual descriptions. DALL-E, in contrast to conventional picture creation models, can produce original images in response to given text prompts, demonstrating its capacity to comprehend and transform verbal concepts into visual representations.During training, DALL-E…

India’s Federal Bank, a commercial private bank, has partnered with Ripple to use its network for cross-border remittances. The bank announced the development in a letter on March 28.The partnership with Ripple comes as part of a wider initiative to apply new technologies to the bank’s remittances network. Also on March 28, Federal Bank launched…

Twitter and Square CEO Jack Dorsey stated that there are no plans for a platform-specific “Twitcoin” cryptocurrency, noting that he will instead focus on promoting Bitcoin (BTC).Open standards are betterAccording to Australian news outlet The Sydney Morning Herald’s article published on Sept. 5, Dorsey is confident that Bitcoin is still the most likely candidate to…

The United Arab Emirates Banks Federation (UBF) and the Abu Dhabi Global Market (ADGM) hosted a joint forum on crypto assets and fintech, the UAE’s official news outlet Emirates News Agency reported on March 17.Per the report, the event was held in ADGM in collaboration with the UBF Compliance Committee and aimed to bring together…

Tanzania’s president wants the country’s central bank to begin exploring Bitcoin and digital assets. 554 Total views 7 Total shares Tanzania appears to be the latest emerging economy poised to embrace Bitcoin and crypto assets.On June 14, Tanzanian president Samia Suluhu Hassan urged the country’s central bank to begin exploring crypto assets. Hassan emphasized the…

Cameron Winklevoss and Tone Vays disagree on the quality of the DeFi space within the context of previous blockchain booms and busts. The crypto industry has boasted tremendous growth over the past year, largely thanks to the decentralized finance, or DeFi, boom. Some believe that the DeFi sector resembles the initial coin offering, or ICO,…