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Top tech news stories: March 19, 2024

Bitcoin slips further below $68,000, adding to weekend losses, Grab adds crypto top-ups to GrabPay and other tech news.

AuthorChloe chen

Reading Time4 min

PublishedMarch 19, 2024

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Headline

Bitcoin slips further below $68,000, adding to weekend losses, Grab adds crypto top-ups to GrabPay and other tech news.

Context

Stay updated on the latest in tech innovations and breakthroughs. On today’s show, Jason Urban, global head of trading at Galaxy Digital, explains what’s driving bitcoin’s price further below $70,000 after reaching new all-time highs over the past couple of weeks. ( CNBC )

Evidence

Pending intelligence enrichment.

Analysis

Indonesia’s cryptocurrency market experienced a significant boom in February, with transaction volumes reaching an impressive $1.92 billion. This surge is indicative of the growing enthusiasm and confidence among investors in the crypto space. ( Analytics Insight ) Grab has partnered with crypto payments provider Triple A to let GrabPay users top up their e-wallets via digital tokens. With this new feature, stablecoins and other digital assets can be converted into usable funds for GrabPay, the Singapore-based company said in a statement to Tech in Asia. ( Tech in Asia ) Hong Kong is gearing up to introduce ethereum ETFs, racing to beat the U.S. in the global crypto game, as bitcoin ETFs face launch delays. Financial institutions in Hong Kong are racing to roll out ethereum (ETH) exchange-traded funds (ETFs) before the U.S. does, aiming to establish dominance in the crypto market. ( crypto news ) Nvidia on Monday unveiled an AI-powered software platform that allows research into 6G technology through simulating communications environments in the cloud. ( Reuters )