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BTC to Peak at $42K in 2023: Finder’s Bitcoin Price Predictions Report


Bitcoin is expected to reach its peak at $42,000 in 2023, with an end-of-year price prediction of $38,000, according to Finder’s bitcoin price predictions report. The report, based on a survey of 29 industry specialists, reveals that 43% of panelists believe bitcoin is currently underpriced...

Crypto-Based Bank Receives Support from Myanmar's Shadow Government


Myanmar is all set to launch its first fully crypto-based banking institution, the Spring Development Bank, on July 22.  The Spring Development Bank, named after the Spring Revolution, aims to grant the country’s shadow government National Unity Government (NUG) access to financial services...

Central Bank of Argentina Reduces Dollar and Yuan Disbursement to Importers


Importers are accusing the Central Bank of Argentina of stalling on the delivery of dollar-based payments under the pretext of high freight costs. According to importers, the Argentine government considers freight costs exceeding 15% of the value of the merchandise imported as an inconsistency....

Ripple Expects Business to Pick Up in the US After Landmark Ruling


Ripple, a cryptocurrency and remittance services company, expects to start offering its services to U.S.-based businesses after the recent ruling that determines the XRP token is not “necessarily a security” on its face. Stuart Alderoty, Ripple’s CLO, stated the company hopes...

Kim Dotcom-Backed Crypto Startup Bitcache Liquidated in New Zealand


Bitcache, a crypto startup backed by Kim Dotcom, has been liquidated, reportedly over unpaid legal fees. Phil Creagh, an Auckland lawyer who acted as Bitcache’s director until Sept. 2020, is reported to have applied for the startup’s liquidation on May 24. Bitcache’s Unpaid Legal Fees A...

Chinese Central Bank Unveils SIM Card-based Offline CBDC Wallet


The Chinese central bank has unveiled an offline SIM card-based digital yuan “hard” wallet solution that lets users pay with the central bank digital currency (CBDC) with powered-down phones. The innovation could eventually allow 2G phone-owning citizens to use their handsets to use the token when...

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