Al Ansari Exchange to join with RippleNet, this was announced yesterday by Ripple. RippleNet is the global cloud based financial network technology of Ripple while Al Ansari exchange is a foreign exchange based in the United Arab Emirates. The Blockchain technology has provided a unique opportunity to send remittances across the world in real-time. Blockchain…
The statistics are in, and the Bitcoin Derivatives ETF had the year’s largest launch, by a long shot. We must “remove ETFs whose Day One turnover was simply one pre-planned large buyer or BYOA,” but this is reasonable. The ProShares Bitcoin Strategic ETF appears to have risen to the pinnacle organically, through genuine transactions by…
In a day that has seen the price of DOGE increase, traders of the memecoin have also profited from the rise. According to on-chain analysis IntoTheBlock, there’s a significant growth of the network, with transaction size also increasing due to the rise in DOGE price. IntoTheBlock reveals that when there’s a change in price of…
Bitcoin has demonstrated a strong performance during the last week and has managed to break through a major downtrend cross and reach a new high of $57k. So far, the rise has seen a significant amount of potential revenue generation among new coins in particular, while the top coins have held their ground consistently. Though…
Tether has recently given a statement on Twitter in which the stablecoin seems to be quite worked up about the report presented by Bloomberg on the current performance of the stablecoin. Stablecoins are digital assets that are pegged to a dedicated sovereign currency such as the dollar. They have their own market, and people buy…
Africa is unquestionably a crypto adoption lead across the globe having a growth of about 1200% during the last year, which is sufficient to make changes to the list of the previous year’s ten most crypto-friendly nations. As per a review published by Chainalysis, approximately a 1200% upsurge has been noticed in the incoming crypto…
Bitcoin holders have been given until the end of 2021 to be able to reduce their tax obligation, which affects them by selling all of their crypto assets at a loss and then buying them back. This is a loophole that exists within the crypto taxation system where someone can sell their entire crypto stash,…
On-chain data provider, Glassnode, has revealed that 95% of the crypto market is currently in the green. This comes on the heels of a recent surge in the price of Bitcoin. The flagship cryptocurrency had moved beyond $55k increasing the number of profitable entities by 16%, Glassnode revealed. Glassnode uses this indicator to determine the…
Despite the fact that XRP is at the moment battling it out with the Securities and Exchange Commission, the global entanglement for Ripple remains strong. Rosa Rios, who is a former US treasurer and currently serving as one of Ripple’s board members, shared on social media that XRP is a cryptocurrency with the primary purpose…
Based in the UK, the Brevan Howard Hedge fund has announced that it will soon be launching a new Digital Asset Division that will focus on the management of the company’s digital assets. A news report from Reuters mentioned that the hedge fund is looking to bring an increase in its holdings of cryptocurrencies and…
Short video platform, TikTok, has revealed via a new announcement its intention to blaze the trail in the NFT space. TikTok will drop its first NFT collection by October 6th. The mobile video application is partnering with celebrities with NFT experience on the new release, it shared in a Friday announcement. TikTok has also partnered…
China has issued a severe crackdown against alternative cryptocurrencies and Bitcoin alike. The country is not willing to let the locals engage in any kind of trading or transactions with crypto at all. Various new orders have been issued not only by the state but also by the regulatory offices and commissions that have banned…
Popular Bitcoin critic and CEO of JPMorgan, Jamie Dimon, has opined that the price of the flagship currency could hit 10x in the future but doesn’t have any intentions of investing in the cryptocurrency. Dimon, who made the revelation in an interview with the Times of India, further said he doesn’t “really care about bitcoin.”…
United States Senators have reportedly introduced a new bill to Congress to align the country with global crypto regulations. Senators Maggie Hassan and Joni Ernst introduced the bill intending to get America up to speed as per crypto regulations. The new bill requires the United States Treasury Department to submit reports on the recent situation…
Smart Contracts and Web 3.0 are apparently coming to the Bitcoin network as a means to bring advancements to the overall capabilities of the asset and helping it in becoming mainstream in the market. The Internet Computer blockchain from Dfinity Foundation is currently working on introducing the smart contracts feature into the Bitcoin network, increasing…
Despite recording an all-time-high this week, Elon Musk’s much-talked-about crypto Dogecoin witnessed a decreased level of transactions for the first time since 2017. According to BitInfoCharts data, the meme coin dropped to 16k daily transactions, a figure that contrasts the rise in DOGE. The last time DOGE had a price frenzy in the market was…
Stablecoins, as the name dictates, are the stable versions of various cryptocurrencies; the term stable here means that their price is more stable as opposed to the volatile nature of their crypto counterparts. These stablecoins are typically pegged to a dedicated cryptocurrency, a commodity, or some other element and have their price stabilized with the…
Briefly – UNI’s price faced obstacles around $21.51, slowing down its recovery. RSI displays a bullish divergence, indicating a 20% upsurge. Meanwhile, breaking under $18.37 will nullify the bullish case. Uniswap sees it price ready for consolidation after meeting a massive resistance obstacle on its path to recovery. Though the slowdown in momentum might be…
According to its latest data, the fear & greed tool, which is hugely popular among crypto traders, suggests that there is investor phobia over the digital asset space. The tool’s current value of 27% is the lowest over the last 12 weeks. Often, analysts combine the information from this index with other technical tools to…
According to a very popular crypto-asset exchange in Australia, named Bitcoin Markets, Australian investors have grown to be very fond of crypto-related investments. Bitcoin Markets is the biggest crypto exchange in Australia, and it has recently witnessed a surge of new users. This has been the case because a lot of elderly clients are signing…
In a Newsweek survey conducted earlier on Monday from various states in the country, more than 42% of Texans will want the state to enact crypto-friendly regulations. According to the poll, the Texans advocating for the regulation of the crypto industry discussed the possibility of legalizing crypto. This poll comes when U.S. officials are debating…
The U.K. has resolved to explore the impact of Central Bank Digital Currency on its economy if adopted. The House of Lords on Monday inaugurated an Economic Committee to spearhead the inquiry, stating that the investigation is open to interested individuals who would like to put forward their ideas and contributions on the topic. This…
When declaring his formal intention to become Paraguay’s new president, Carlitos Rejala, revealed that he promises to make BTC an official currency of the South American nation if he becomes president. He made this disclosure via his official Twitter handle. Rejala Is A Top BTC Backer Rajala’s stint as the chamber of deputies saw him…
Having faced continuous scrutiny from regulators in almost all countries, the leading crypto exchange, Binance, has finally decided to have a central headquarters for its operations. The move will also enable the exchange to improve its relationship with regulators. Binance CEO told media reporters in a recent interview that “we must have a central entity…
Bitcoin started out as a visionary project; the developers couldn’t foresee the future, such as what does it have for Bitcoin in stores or how would it be accepted by the people, governments, or markets. But it kind of went pretty good; then there was the speculation that Bitcoin is a cryptocurrency, being so volatile,…
