Category Archive : France

KLAY est en hausse de plus de 5% aujourd’hui

Le marché des crypto-monnaies a sous-performé au cours des dernières 24 heures après avoir connu un début de semaine positif.

Le parcours de reprise du marché de la crypto-monnaie a rencontré un léger défi car le marché a perdu près de 2 % de sa valeur au cours des dernières 24 heures.

La capitalisation boursière totale de la crypto-monnaie est à nouveau tombée sous la barre des 1,3 billion de dollars après cette dernière performance baissière.

Bitcoin a du mal à dépasser le niveau de résistance de 31 000 $ et a perdu 1,7 % de sa valeur au cours des dernières 24 heures. Ether, la deuxième plus grande crypto-monnaie au monde en termes de capitalisation boursière, est en baisse de plus de 2 % aujourd’hui mais maintient sa valeur au-dessus du niveau psychologique de 2 000 $.

Cependant, KLAY, le jeton natif de l’écosystème Klaytn est en hausse de plus de 5% aujourd’hui. KLAY est actuellement la plus performante parmi les 50 premières crypto-monnaies par capitalisation boursière. Cependant, il a perdu plus de 7% de sa valeur au cours des sept derniers jours.

Il n’y a aucun catalyseur apparent derrière la performance positive continue de KLAY. KLAY a surperformé le marché plus large des crypto-monnaies et les autres principales crypto-monnaies, notamment Bitcoin, Ether, XRP, Solana et Cardano.

Niveaux clés à surveiller

Le graphique KLAY/USDT sur 4 heures est actuellement haussier grâce aux performances positives continues de KLAY.

La ligne MACD vient d’entrer dans la zone neutre et pourrait passer en territoire positif si le rallye se poursuit.

L’indice de force relative sur 14 jours de 61 montre que KLAY pourrait bientôt entrer dans la région de surachat s’il peut maintenir son élan actuel.

Au moment de mettre sous presse, KLAY se négocie à 0,442 $ par pièce. Si le rallye se poursuit, KLAY pourrait dépasser le premier niveau de résistance majeur à 0,511 $ avant la fin de la journée. Cependant,…

Read more at coin24.fr

Bitcoin Market would Register a Healthy Growth of USD 49.93 billion by 2027 :Blockstream, Coinbase, Coinify, Bitstamp, Bitpay – The Daily Vale

Bitcoin Market Report Coverage: Key Growth Factors & Challenges, Segmentation & Regional Outlook, Top Industry Trends & Opportunities, Competition Analysis, COVID-19 Impact Analysis & Projected Recovery, and Market Sizing & Forecast.

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Blockstream, Coinbase, Coinify, Bitstamp, Bitpay

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Segmental Analysis:
The report has classified the global Bitcoin market into segments including product type and application. Every segment is evaluated based on share and growth rate. Besides, the analysts have studied the potential regions that may prove rewarding for the Bitcoin manufcaturers in the coming years. The regional analysis includes reliable predictions on value and volume, there by helping market players to gain deep insights into the overall Bitcoin…

Read more at thedailyvale.com

Banking Trade Groups Resist Digital Dollar

Wall Street lenders want the U.S. government to slow down on their plans for a digital dollar, Bloomberg reported Monday (May 23).

They think a virtual currency could end up draining “hundreds of billions of dollars” from the banking system.

There’s no official plan in place for a U.S. central bank digital currency (CBDC) yet, and the Bloomberg report noted how much of a hot button issue this has become, with crypto ballooning to a more than $1 trillion market. Meanwhile, stablecoins have become a concern for regulators, particularly lately after the collapse of the UST coin.

Though if the American CBDC does get made, the American Bankers Association and the Bank Policy Institute think it would be a competitor for private bank deposits, and would make credit less available for businesses and households.

The trade groups were responding to a Fed discussion paper from earlier in the year which looked into the benefits and risks of a digital dollar.

The Bloomberg report noted that the supporters of a digital dollar say making one would entrench the dollar’s dominance more, with countries like China already moving forward with their own CBDCs.

See also: EU Regulators Lash Out at Stablecoins While Boosting CBDCs

The question of how to regulate digital currencies has been mulled globally. PYMNTS wrote that stablecoins’ trouble has led European Union regulators to look at ways to boost alternatives to private digital money, including an official digital euro.

The report noted that two top central bank officials had criticized crypto assets for being possibly disruptive if they’re not regulated.

One of them was Bank of France Governor Francois Villeroy de Galhau, who said crypto assets should be “interoperable” in a consistent way across any jurisdictions. He also said he thought stablecoins were “somewhat misnamed.”

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NEW PYMNTS DATA: THE TRUTH ABOUT BNPL AND STORE CARDS – APRIL 2022

About: Shoppers who have store…

Read more at www.pymnts.com

IMF warns about lack of ‘trust factor’ in crypto

Addressing a Central Bank Digital Currency (CBDC) session, IMF chief Kristalina Georgieva said that cryptocurrencies are not backed by a sovereign guarantee and thus lack the trust factor. The IMF head on May 23 asserted just because Bitcoin has the word ‘coin’ doesn’t amount to money. 

She stressed the importance of regulation and said even if services provided by crypto platforms are efficient and cheap, there is a need to segregate apples from bananas and proper regulation would play a key role there. She was speaking at the CBDC session organised by the World Economic Forum (WEF). 

Trust in cryptocurrencies eroding faster than central banks: Central Bank of France Governor

At the same session, Central Bank of France Governor Francois Villeroy de Galhau said that banknotes were also considered to be a great advancement when they were introduced in the money markets.

“I always speak of crypto as assets and not as currencies. For any currency, someone has to take responsibility, but there is no one in the case of so-called cryptocurrencies. Also, currencies need to have a lot of trust and they need to be universally acceptable,” he said, and further added, “Without trust being integral to a currency, it doesn’t serve the purpose. They cannot be on the opposite sides.”

When the Governor was questioned about the loss of trust in people about central banks, He stated, “My impression is that the people are losing trust in crypto also and that loss of trust is more than that in central banks.”

India’s stance on crypto: ‘Wait and watch’

India’s Finance Minister Nirmala Sitharaman said on April 27, the country will have to take a considerate decision on the way cryptos should be regulated. “It will have to take its time…all of us to be sure that at least given the available information, we’re taking the decern decision. It can’t be rushed through,” she said.

Sitharaman also showed optimism towards the innovation happening around cryptocurrency and…

Read more at www.republicworld.com

Coin In Bitcoin Name Doesn’t Make It Money: IMF Chief


This file photo taken in London on December 30, 2021 shows a PsychoKitty NFT created by psychedelic artist Ugonzo. The market for certified digital objects (“NFT”), which has been booming since it burst onto the scene last year, has just come to a sudden halt and now needs to clean up its act if it is to attract the general public and survive, according to specialists. (Credits: Justin TALLIS / AFP)

Paris, France: A slew of celebrity endorsements helped inflate a multi-billion dollar bubble around digital tokens over the past year, but cryptocurrencies are crashing and some fear NFTs could be next.

NFTs are tokens linked to digital images, “collectable” items, avatars in games or property and objects in the burgeoning virtual world of the metaverse.

The likes of Paris Hilton, Gwyneth Paltrow and Serena Williams have boasted about owning NFTs and many under-30s have been enticed to gamble for the chance of making a quick profit.

The number of NFTs traded in the first quarter of this year slumped by almost 50 percent compared to the previous quarter, according to analysis firm Non-Fungible.

They reckoned the market was digesting the vast amount of NFTs created last year, with the resale market just getting off the ground.

Monitoring firm CryptoSlam reported a dramatic tail-off in May, with just $31 million spent on art and collectibles in the week to May 15, the lowest figure all year.

Dorsey managed to sell the NFT for almost $3 million last year but the new owner cannot find anyone willing to pay more than $20,000.

The year of scams 

Molly White, a prominent critic of the crypto sphere, told AFP there were many possible reasons for the downturn.

“It could be a general decrease in hype, it could be fear of scams after so many high-profile ones, or it could be people tightening their belts,” she said.

The reputation of the industry has been hammered for much of the year.

The main exchange, OpenSea, admitted in January that more…

Read more at www.forbesindia.com

Stablecoins: The Collapse Of TerraUSD And The Road Ahead For The “Less-Risky” Form Of Cryptocurrency – Fin Tech

Stablecoins—a digitally native medium of exchange that
seeks to maintain a stable relative value—have seen explosive
growth in recent years as they’ve become increasingly used not
only for trading and payments but also in burgeoning decentralized
finance (or DeFi) ecosystems. In light of recent activity in one
prominent stablecoin—TerraUSD—this piece takes a closer
look at stablecoins and examines some potential legal and
regulatory issues they present.1

Stablecoins: What are they, and what are they designed to
do?

The Bitcoin whitepaper, published in 2008, was titled
“Bitcoin: A Peer-to-Peer Electronic Cash System,” yet
volatility in the price of Bitcoin in the intervening years has
inhibited its adoption as a means to exchange money and, for the
risk-averse, as a means to store value. For example, a merchant
would likely be reluctant to accept Bitcoin in exchange for goods
or services if the value of the Bitcoin paid could drop drastically
only moments after the exchange was completed. Most
cryptocurrencies created since Bitcoin share this price volatility,
which may make cryptocurrencies attractive to traders and
speculators but more challenging to use in many other
circumstances. Enter the stablecoin, a type of cryptocurrency that
is designed to achieve price stability through linking its market
value to a reference asset, most often the US dollar. By linking or
“pegging” to this more stable reference asset, the
stablecoin can then be used in scenarios where price stability is
the primary objective, such as for peer-to-peer or cross-border
payments, in the on-chain trading of other digital assets, and in
collateralized lending and other DeFi services.

To date, most stablecoins have been designed to represent a
fixed amount of US dollars (or other fiat currency) in a purely
digital format. According to CoinMarketCap, a recent estimate of
the stablecoin market capitalization was approximately $167 billion
(as of May…

Read more at www.mondaq.com