Month: Dezember 2022

Crypto Markets Volatile: Bitcoin Dips Below $16.5K, Solana Falls Below $10

• Bitcoin dipped below $16.5K this week, charting a new 9-day low
• Solana continues to lose value rapidly, remaining beneath $10
• Bitcoin’s price action has been volatile throughout 2022

It has been an eventful year for the cryptocurrency markets. Bitcoin, the world’s largest digital asset by market capitalization, entered the year at nearly $50,000, but has since lost 65% of its USD value. In the past two months, Solana has been particularly volatile. The asset has seen substantial losses following the FTX and Alameda deterioration, and remains stuck beneath the $10 mark.

This week, Bitcoin dipped below the $16,500 mark to chart a new 9-day low. The bears seemed to take control of the market, pushing the asset lower. However, BTC did make a brief attempt to break above the $17,000 mark earlier in the week.

Solana’s losses have been even more severe. The asset has lost almost a quarter of its value in the past week. Despite the recent downturn in the markets, the asset has still managed to register gains of over 1000% since the start of the year.

Although the crypto markets have been volatile throughout the year, there is a sense of optimism among traders and investors. Many believe that the current market dip is nothing more than a “correction” and that Bitcoin and other cryptos still have plenty of room to grow in the coming months and years. The next few weeks will be pivotal in determining the direction of the crypto markets in the near future.

BMW Leverages Blockchain Technology to Revamp Operations

• BMW is partnering with Coinweb and BNB Chain to revamp its operations with blockchain technology.
• The primary goal is to provide a new experience for BMW’s customers in Thailand.
• The project will be divided into two phases: the first phase will involve the integration of blockchain technology into the automaker’s infrastructure to improve the efficiency of financial transactions, while the second phase will focus on the development of customer-centric applications and services.

BMW, one of the world’s leading automobile manufacturers, is leveraging blockchain technology to revamp its operations. The company is collaborating with Coinweb and BNB Chain to bring improved efficiency to its customer service in Thailand.

Coinweb, a layer-2 cross-chain computation platform, announced on December 29 that it has entered into a partnership with BMW to integrate blockchain technology into the automaker’s infrastructure in order to improve the efficiency of financial transactions. Coinweb stated that the primary goal of this partnership is to provide a completely new experience for BMW’s customers in Thailand.

To achieve this, the two companies plan to implement two different roadmaps in 2023. The project will be divided into two phases: the first phase will involve the integration of blockchain technology into BMW’s existing infrastructure in order to improve the efficiency of financial transactions, while the second phase will focus on the development of customer-centric applications and services.

The first phase of the partnership will involve the integration of blockchain technology into the automaker’s infrastructure. This will enable BMW to process payments faster and with more accuracy, as well as provide customers with more transparency into the financial transactions taking place. Additionally, the integration of blockchain technology will provide a more secure environment for the exchange of financial information.

The second phase of the partnership will focus on the development of customer-centric applications and services. This will enable BMW to provide customers with more personalized services, such as loyalty programs, discounts, and other incentives. BMW also plans to use blockchain technology to facilitate better customer engagement and provide data-driven insights into customer preferences.

The collaboration between BMW and Coinweb and BNB Chain is an exciting development in the automotive industry. Not only will it help BMW improve its customer service, but it will also pave the way for other companies to follow suit. With the integration of blockchain technology, the automotive industry is set to become more efficient and secure, making it easier for customers to purchase vehicles and interact with the companies they buy from.