Ripple’s XRP has been one of the cryptocurrencies that managed to maintain relative stability during the ongoing market turbulence. In fact, for the past 24 hours, it has added 0.62% to its price and remains trapped in a relatively tight range at around $0.48. XRP Trading Volume Soars Data from CoinMarketCap reveals that, at the…
Tencent, the Chinese tech giant, was revealed to be participating in the tests that the Chinese institutions have completed using Mbridge, a CBDC-enabled cross-borders settlement platform. Tencent participated through its international settlements arm Tenpay, which piloted the use case of the Chinese CBDC, the digital yuan, to settle e-commerce exports using Mbridge’s rails. Tencent Participated…
Shiba Inu (SHIB) was also affected by the volatility in the crypto markets during the past 24 hours. As CryptoPotato reported, at one point, the popular meme coin was down by about 6.4% yesterday. Like most other altcoins, SHIB is currently recovering, trading at a 3% gain compared to yesterday’s price. Source: TradingView Data from CoinMarketCap reveals…
Bitcoin’s price has been on a rollercoaster throughout the past couple of days, resulting in hundreds of millions of liquidations across the board. Traders and analysts are now speculating on what’s next, with Willy Woo giving some insights on BTC’s short-term price targets. BTC Bounces Back Above $61K The BTC price went off a cliff…
Michael Saylor, the executive chairman and co-founder of MicroStrategy, has predicted that Bitcoin will reach $10 million per coin. Saylor made this prediction during a podcast with Robin Seyr, further claiming that China will become a strong supporter of the cryptocurrency. Chinese Adoption and Economics Saylor, who is known for being among the most vocal…
In the rapidly evolving landscape of digital finance, the emergence of crypto assets has introduced unprecedented challenges as well as opportunities for regulators who provide proactive frameworks across the globe. The European Union is the largest government body that has done so through the Markets in Crypto-Assets Regulation (MiCAR), however, it finds itself at a…
A researcher with the Korean Institute of Finance has warned South Korea against introducing spot cryptocurrency exchange-traded funds (ETFs) because these may pose risks to financial stability. The introduction of spot crypto ETFs could exacerbate the inefficient allocation of resources. Spot Crypto ETFs Cause Inefficient Allocation of Resources Bo-mi Lee, a researcher with the Korean…
Iran officially unveiled its central bank digital currency (CBDC) on Sunday during a ceremony attended by Central Bank of Iran (CBI) Governor Mohammad Reza Farzin and chief executives of several major banks. This digital currency, issued electronically by the central bank, aims to streamline transactions within the country’s banking system. A pilot project will commence…
Wikileaks founder Julian Assange has been released from prison after serving five years, following a plea agreement with the U.S. Department of Justice (DOJ). “This is the result of a global campaign that spanned grass-roots organizers, press freedom campaigners, legislators and leaders from across the political spectrum, all the way to the United Nations,” Wikileaks…
In the realm of cryptocurrencies, where rapid shifts define success, Solana and Filecoin are showing promising signs of growth. Solana’s technical patterns predict a bullish future, while Filecoin impresses with its resilience against market volatility, steadily climbing towards higher resistance levels. Amid these contenders, BlockDAG emerges distinctly, having not only secured a significant presale success…