Cryptocoins

Analysts Expect A Surge In XRP Price As Coinbase Backs Ripple Against SEC

Analysts Expect A Surge In XRP Price As Coinbase Backs Ripple Against SEC

Coinbase, the second-largest cryptocurrency exchange has recently made it to the headlines, emerging as the Ripple supporter against the US SEC. Ripple Gets More Support Ripple Labs has been fighting its legal battle against the US Securities and Exchange Commission for a while. Many expect the long battle between both sides may soon reach its conclusion. While both sides have been trying their best to win the battle against each other, many in the crypto industry Ripple Labs may emerge as the winner. The issuer of XRP has found itself at an advantage as many cryptocurrency-related firms have started to…
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Trading Price of LINK Expects a 50% Correction as Chainlink Witnesses a Plunge

Trading Price of LINK Expects a 50% Correction as Chainlink Witnesses a Plunge

The price of the native token of the Chainlink network “LINK” ended up taking a fall in the recent trading session. The market downtrend has continued harming the trading price of LINK, bringing its trading price down to an alarming level. On November 8, a major downtrend took place that reportedly pulled the trading price of the entire crypto-verse. Like the rest of the major tokens such as Bitcoin and Ether, LINK also found itself being an unfortunate asset. LINK Price Plunged 10% On that particular day, LINK’s trading price dipped by almost 10%. Following the plunge, the trading price…
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Two Major Cryptocurrency Exchanges Faced Latency Issues On November 8

Two Major Cryptocurrency Exchanges Faced Latency Issues On November 8

November 8 turned out to be the worst nightmare for millions of cryptocurrency users as two major crypto exchanges ended up facing downtimes. Kraken and Coinbase Faced Outages On November 8, a huge number of users ended up on two major cryptocurrency exchanges and complained about the platforms either facing latencies or facing downtimes. The names of the particular cryptocurrency exchanges were Kraken and Coinbase. Both platforms rank among the top 5 cryptocurrency exchanges in the entire cryptocurrency industry. On that particular day, a great level of turbulence was observed in the cryptocurrency industry. It was because of this turbulence…
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LTC Price Could Rally By 200% In July 2023 Due To Pre-Halving Of LTC

LTC Price Could Rally By 200% In July 2023 Due To Pre-Halving Of LTC

The analysts seem to be coming up with different kinds of predictions surrounding the trading price of Litecoin (LTC). However, the majority of the analysts seem to be agreeing with one particular prediction that could see LTC’s price skyrocket. LTC Price to Experience 200% Surge Many analysts are predicted that in the month of July 2023, the trading price of LTC may surge up to 200%. This could happen as the halving of the digital asset takes place in the same month. It would become a coinciding month for LTC where the halving event could push the trading price of…
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Argentinian Taxpayers Asked To Amend Statements As Per Their Crypto Holdings

Argentinian Taxpayers Asked To Amend Statements As Per Their Crypto Holdings

Inaccuracies and mis-declarations have been noticed by the Argentine Tax Authority (AFIP) in the annual statements filed by Argentinian taxpayers. According to the local Argentinian news sources, crypto exchanges as well as crypto holders have been directed by AFIP to remove the deficiencies. Approximately, four thousand notices have been compiled to be sent by AFIP to Argentinian taxpayers. The taxpayers shall be asked by AFIP to amend their annual statements so as to reflect their crypto holdings if any. The authority is expected to collect additional taxes, particularly from those taxpayers who hold cryptocurrencies. The financial statements that were asked…
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Moscow Sees Massive Growth in Number of Bitcoin-Powered ATMs

Moscow Sees Massive Growth in Number of Bitcoin-Powered ATMs

Not even the war has been effective in curtailing the growth of crypto activity in Russia, particularly in Moscow. Instead, the interest in digital currencies and activities relating thereto have increased tremendously in Russia. Recently, Moscow saw massive increase in the number of Bitcoin-powered automated teller machines (ATMs). An editorial was also published in the daily Russian newspaper namely “Kommersant” which recorded the phenomenal growth. Currently, there are several hundred Bitcoin-powered ATMs that have been rendering digital teller services throughout Russia. However, the biggest chunk of such machines are installed in Moscow, the capital of Russia. The massive growth in…
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Crypto Industry in the UAE is to Make Major Waves throughout the International Market

Crypto Industry in the UAE is to Make Major Waves throughout the International Market

The UAE has been making waves in recent years as it tries to become one of the biggest and boldest tech hubs in the world. And as it continues to invest in various other types of technology, there is a real possibility that the country soon become a major hub for crypto as well. In fact, many analysts are saying that the crypto market in the UAE is a tsunami that is currently in the making. the waves that this tsunami will make can disrupt more traditional forms of finance, as DeFi and banking start to merge. 2022 saw the…
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Spain Becomes Third Biggest Hub for Crypto ATMs, Overtaking El Salvador

Spain Becomes Third Biggest Hub for Crypto ATMs, Overtaking El Salvador

Spain has officially become home to the third-biggest network of crypto ATMs, with the US and Canada in first and second place. As of now, Spain has 215 crypto ATMs, which puts El Salvador, which has 212 crypto ATMs nationwide, in fourth place. Spain Makes Up For 0.6% of Crypto ATMs Globally According to CoinATMRadar, Spain makes up about 0.6 percent of crypto ATM installations worldwide, and overtook El Salvador, which was previously in third place, by an additional 3 ATMs. Additionally, the data shows that Spain is Europe’s biggest hub of crypto ATMs, as it accounts for 14.65 percent…
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New Tool Is Able To Show Just How Much Money People Lost During The Celsius Crash

New Tool Is Able To Show Just How Much Money People Lost During The Celsius Crash

The crypto market is almost infamous for its many crashes over the years, as the market has lost millions, if not billions with each subsequent crash. And one of the crashes that many investors still remember well was the Celsius Crypto Meltdown. The Celsius crash still rings true today as one of the most sudden crashes that investors experienced, as accounts for various investors were frozen indefinitely as the company filed for bankruptcy. The crash alone was responsible for wiping off nearly $5 billion entirely off the market. While some believe that this was the product of severe negligence, others…
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Mining Sector Continues To Grow As Cleanspark Has Acquired A Mining Facility

Mining Sector Continues To Grow As Cleanspark Has Acquired A Mining Facility

CleanSpark has announced that it has recently signed an agreement with Mawson’s Bitcoin mining facility. The cryptocurrency mining firm has announced that the deal they have agreed upon is worth multi-millions. CleanSpark’s $30 Million Deal CleanSpark officials have confirmed that they have formed a $30 million agreement with Mawson’s Bitcoin mining facility. The particular facility is based in Sandersville, Georgia. For CleanSpark, the significance of the deal is to increase their hash rate for mining cryptocurrencies. As the year 2022 began, the cryptocurrency sector has been experiencing the worst time ever. The valuation of the cryptocurrency market has lost more…
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GameStop Forms a New Partnership with FTX US

GameStop Forms a New Partnership with FTX US

GameStop, a major gaming retailer in the United State has announced it has formed a partnership with FTX US. GameStop and FTX US Join Hands The major gaming retailer has announced that it has formed a partnership with FTX US, a major cryptocurrency exchange operating in the United States. The exchange is operated and headed by Sam Bankman-Fried. GameStop has been interacting with the world of cryptocurrencies for a long time. However, it expedited its cryptocurrency adoption by the end of 2020. Since then, the gaming retailer has continued seeking more and more exposure in the cryptocurrency industry. In early…
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Canadian Exchange Newton Reveals Plan To Delist USDT and XRP

Canadian Exchange Newton Reveals Plan To Delist USDT and XRP

A major cryptocurrency exchange in Canada, Newton, will be delisting the XRP and USDT tokens while the tokens battle regulatory issues. The firm disclosed this in an article earlier today. The exchange disclosed that the delisting would go through stages. Newton XRP And USDT Delisting Stages The first stage would see the exchange disable transfers for the native Ripple token and Tether. Transfers for XRP and Tether will end on the 20th of December by 11:59 pm Eastern Time. The implication is that users can no longer send any of these tokens to their Newton wallets after the 20th of…
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Grimes, Elon Musk’s Ex, Will Accept Dogecoin During a Merch Drop

Grimes, Elon Musk’s Ex, Will Accept Dogecoin During a Merch Drop

Grimes, Elon Musk's ex,  just announced that Dogecoin would be accepted as payment for her next retail release, which will be available soon. Grimes is a Canadian singer-songwriter and musician who, in addition to being active on social networking sites such as Twitter and Facebook, has released a number of studio albums and singles. What To Expect  It is expected that the platform would handle a wide variety of cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and Bitcoin Cash, as well as a wide range of other digital assets, according to the company. The $5.8 million auction of digital artwork that took…
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Twitter CFO Says Investors Should Not Invest In Crypto

Twitter CFO Says Investors Should Not Invest In Crypto

The latest remarks from the CFO of Twitter, Ned Segal, have shocked the cryptocurrency community at large. Speaking to the media, he recently claimed that the current state of the market is not ideal for investing in cryptocurrencies. It is worth noting that the CEO of Twitter, Jack Dorsey is a visible Bitcoin maximalist. Dorsey has claimed in the past that he would like to put all this energy and effort into the development and growth of the Bitcoin lightning network. Speaking to the journalists, Segal claimed that he views cryptocurrencies as asset class commodities with an unprecedented amount of…
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Mayor Eric Adams Wants to Introduce NYC Coin for New York

Mayor Eric Adams Wants to Introduce NYC Coin for New York

Decentralization has a strong following even in the United States of America as there are official members of the state rooting for cryptocurrencies and or presenting the higher members of society ideas of developing new tokens for different states. Miami, for one, holds a very prominent spot in this activity. The mayor of Miami was extremely eccentric and enthusiastic around the idea of decentralization, but instead of going for dedicated crypto, they launched their own token known as Miami coin. Now it is more of a trend, and other states, especially New York, want to do the same. The New…
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Digital Yuan: First Case of Money Laundering Reported in China

Digital Yuan: First Case of Money Laundering Reported in China

China has just recently launched its central bank digital currency, digital Yuan, and there are already reports that the Xinmi police has uncovered the first money laundering scheme involving the digital Yuan. This is contrary to the claim by the Chinese government who celebrated the digital Yuan as a safe and secure method of payment.  The money laundering scheme was uncovered by a joint effort between the Xinmi Police Force and Security Force in Zhengzhou. Their joint effort led to the arrest of eleven suspects due to their involvement in money laundering racket using digital Yuan. It was also revealed…
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China’s Digital Yuan Set to be Tested by Beijing Winter Olympics

China’s Digital Yuan Set to be Tested by Beijing Winter Olympics

Cryptocurrency is currently a serious topic for significant economies of the world as several countries are rapidly developing digital assets for their national currencies and creating a means for the integration of crypto into finance systems proper. This is especially true in China, which takes its digital yuan for an international test by the Winter Olympics scheduled to take place in Beijing in February. This particular development is a very positive one for China and global cryptocurrency development as it sets the pace for other countries and their digital currencies. Earlier the week, BIS alerted countries and their central banks…
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Mind Music Coin, a Cryptocurrency, Raises Awareness for Mental Health Through Music

Mind Music Coin, a Cryptocurrency, Raises Awareness for Mental Health Through Music

It has been observed that people feel reluctant to talk about their mental issues. Many people don’t even realize they are suffering from severe mental illnesses. Mind Music Coin has been created to spread awareness for mental health through music. It’s a one-of-a-kind crypto project aimed at helping people suffering from mental issues. Mind Music Coin is a new cryptocurrency developed by popular music event organizer Mark Hamilton. It comes with a total supply of 1,000,000,000,000,000 coins. The 10% Total TXN Tax will be applied (4-Percent Mind Music Fund, 3-Percent Marketing, 1-Percent Auto Liquidity, 1-Percent Reflection, and 1-Percent  Burn). The presale…
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The Crypto News Weekly Roundup – Digital Assets Saw Improvement Over the Past Week, Coinbase Expands Globally, and More

The Crypto News Weekly Roundup – Digital Assets Saw Improvement Over the Past Week, Coinbase Expands Globally, and More

After a long night of struggle, it seems like the crypto market is gaining traction. The cryptocurrency market cap increased by 23-percent from $145 Billion to $183 Billion. The rise in crypto market, initiated by Bitcoin, which experienced a price appreciation of 15.3-percent after an anonymous buyer placed an algorithmic order worth 100 million, spread across multiple exchanges Kraken, Coinbase, and Bitstamp. Bitcoin is now gaining traction, and according to many crypto experts, it can really surprise us with its huge price jumps.  See Also: Cryptocurrency news Crypto News China is Leading the World in Blockchain Projects It looks like…
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