[ad_1] Central bank digital currencies (CBDCs) do not pose any direct threat to cryptocurrencies like Bitcoin (BTC) but are still associated with risks in relation to stablecoins, one industry executive believes.According to Mikkel Morch, executive director at the digital asset hedge fund ARK36, a state-backed digital currency like the U.S. dollar doesn’t necessarily have to be a competitor to a private or a decentralized cryptocurrency.That’s because the use cases and
[ad_1] Advertisment Cristiano Ronaldo stated that he would like to give his fans unprecedented experiences through NFTs. Soccer superstar Cristiano Ronaldo has signed an exclusive multi-year NFT partnership with crypto exchange Binance. As part of this collaboration, soccer fans will be introduced to the Web3 ecosystem through global NFT campaigns. In the announcement, Binance explains, as part of the partnership, several NFT collections featuring Cristiano Ronaldo will be created. These
[ad_1] Bitcoin (BTC) miners may have already sparked a “capitulation event,” fresh analysis has concluded.In an update on June 24, Julio Moreno, senior analyst at on-chain data firm CryptoQuant, hinted that the BTC price bottom could now be due.BTC price bottom “typically” follows miner capitulationMiners have seen a dramatic change in circumstances since March 2020, going from unprecedented profitability to seeing their margins squeezed.The dip to $17,600 — 70% below
[ad_1] Ripple’s (XRP) ongoing upside retracement risks exhaustion as its price tests a resistance level with a history of triggering a 65% price crash.XRP price rebounds 30% XRP’s price gained nearly 30%, rising to $0.36 on June 24, four days after rebounding from $0.28, its lowest level since January 2021. The token’s retracement rally could extend to $0.41 next, according to its cup-and-handle pattern shown in the chart below.XRP/USD four-hour price chart featuring
