The digital asset xrp has gained more than 10% in value during the last seven days, shrugging off the losses a majority of crypto coins experienced last week. According to data from Whale Alert, someone moved 449.3 million xrp on December 19. Moreover, xrp holders are expecting to receive an airdrop from a project called
It’s completely legal for U.S Senators Cynthia Lummis and Pat Toomey to own Bitcoin or crypto-related investments. They just have to disclose it. Does this pose an ethical dilemma? Senators are on the frontlines of policymaking, and the rules around cryptocurrencies are still being written. On the other hand, it’s illogical to think that Senators
Less than 1% of the biggest Bitcoin (BTC) hodlers allegedly control more than a quarter of all BTC in circulation, according to a new study. The National Bureau of Economic Research, an American private nonprofit research organization, released a study claiming that 10,000 Bitcoin investors, or 0.01% of all BTC holders, own 5 million BTC,
In its debut weekend, the first NFT from Adidas Originals’ “Into the Metaverse” project has generated 11,391 Ether (ETH), worth over $43 million, on OpeanSea. Ranked by trading volume, this collection has earned the second spot on OpeanSea after RTFKT’s Clone X and Takashi Murakami collection. In collaboration with Bored Ape Yacht Club, PUNKS Comic, and
The Indian government may still be considering a bill that could ban certain cryptocurrencies in the country, but lawmakers are unlikely to vote on any legislation in the current parliamentary session. According to a Friday publication, India’s lower house of parliament, Lok Sabha, will likely not be looking at a bill proposing the prohibition of
Looking at the Bitcoin chart from a weekly or daily perspective presents a bearish outlook and it’s clear that (BTC) price has been consistently making lower lows since hitting an all-time high at $69,000. Curiously, the Nov. 10 price peak happened right as the United States announced that inflation has hit a 30-year high, but,
Bitcoin (BTC) continues to lose ground in December, a signal that traders may be locking in their gains before the end of the year. The lack of a Santa rally in the U.S. equity markets indicates that the risk-off sentiment prevails due to the uncertainty regarding the spread of the COVID-19 Omicron variant in several
Billionaire Ray Dalio has revealed that he holds bitcoin and ethereum holdings. Various billionaires have also been public about their bitcoin and ethereum holdings. For a lot of these billionaires, the move from cash into cryptocurrencies has been a pertinent one as the former continues to lose its value in the market. Dalio also gave
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Those expecting another Bitcoin (BTC) speculative price dip are looking in the wrong place, one of the industry’s best-known analysts suggests. In a Twitter discussion on Dec. 20, Willy Woo, creator of on-chain data resource Woobull, said that popular retail exchanges will not spark a further BTC price rout. U.S. retail stays calm throughout the
The United States Treasury made further hints at new laws for stablecoins on Dec. 17. Nellie Liang, the Under Secretary of the Treasury for Domestic Finance, fueled more stablecoin regulation speculation with comments on investors ‘potentially big risk’ when using stablecoins. Following on from the Financial Stability Oversight Council November 2021 report on stablecoins, the
In 2021, the market cap of cryptocurrencies skyrocketed 286% year over year, uplifting a $2.17 trillion industry into the stratosphere. But, with this vast creation of wealth comes the explosion of peculiar tales throughout the sector. From the suspicious death of multiple crypto-evangelists and crypto scams involving hacked Twitter accounts of heads of states to
The United Arab Emirates (UAE) continues to emerge as one of the world’s biggest cryptocurrency-friendly jurisdictions as the government of Dubai has a new initiative to support local crypto development and regulation. The Dubai World Trade Centre (DWTC), a government-owned event and exhibition venue in Dubai, will become a comprehensive zone and regulator of cryptocurrencies,
Bitcoin (BTC) starts a new week with analysts looking for a bottom — but one which may not mean a dip to $40,000 or lower. After an unremarkable weekend, Bitcoin bulls now face a fresh week of bearish sentiment across the global economy as risk appetite stays tepid. Amid the lack of a “Santa rally”
The state of banking and finance today presents a complex labyrinth that even seasoned bankers struggle to navigate. Despite appearances, there is a method to this madness. As Nobel Prize winners like Muhammad Yunus and Joseph Stiglitz have cautioned in the past: central banking, in particular, has morphed to keep the status quo in check.
India’s minister of state for external affairs says that cryptocurrencies must be blocked if they are used for illegal purposes, such as “to launch cyber-attacks in India, to launch other attacks on India, to do other kinds of illegal and unethical work like drug trafficking.” Meanwhile, the Indian government is reportedly making changes to the
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