Cryptocurrency

While Price Of Shiba Inu Struggles For A Rally, A New Meme Coin Is Hitting Homeruns

While Price Of Shiba Inu Struggles For A Rally, A New Meme Coin Is Hitting Homeruns

The past week has not seen Shiba Inu (SHIB) perform well as it has continued to move in a bearish direction. SHIB has lost 1% of its value in the past week and even then, its bearish nightmare has not ended. The investors are concerned with the downtrend being recorded in the trading price of SHIB. However, there is a new meme coin in town and it is making heads turn with a phenomenal performance Price Action of Shiba Inu Despite the constant dipping, Shiba Inu has managed to maintain its position as the second-largest meme coin in the market…
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Billionaire Opens Up About Future Of Cryptocurrencies And Their Potential To Replace Banks

Billionaire Opens Up About Future Of Cryptocurrencies And Their Potential To Replace Banks

The cryptocurrency industry has been growing more attractive to people with every passing day as it did in the past. This is because the interest of people has started to drift away from the central banks and commercial banking institutions. A Billionaire Favors Cryptocurrencies The magic of cryptocurrencies has been enchanted all over the world and people are starting to come under its spell. Over time, a great shift has been recorded where people have started to move away from central banks and are moving to cryptocurrencies. Stanley Druckenmiller, a hedge fund investor, and a billionaire shared his views about…
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Latest EU Sanctions To Limit Russians’ Access To European Crypto Services

Latest EU Sanctions To Limit Russians’ Access To European Crypto Services

EU member states are discussing new sanctions for Russia amidst the escalation of the conflict in Ukraine and these include limiting access to European crypto services for Russians. Earlier this year, the European Union had imposed a ban on ‘high value’ crypto asset services for Russian companies and residents, but now they are thinking of expanding this ban to other services as well. More sanctions The Russian president Vladimir Putin had recently announced partial mobilization as he is escalating his military efforts in Ukraine and is also annexing occupied Ukrainian territories via sham referendums. These actions have drawn the ire…
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XRP And UNUS SED LEO Emerge As Top Gainers In Today’s Trading Session

XRP And UNUS SED LEO Emerge As Top Gainers In Today’s Trading Session

Today’s cryptocurrency trading session has proven to be a good sign for cryptocurrencies in general. Most of the cryptocurrencies have recorded a rally in their trading prices but none have matched the rallies recorded by XRP and UNUS SED LEO. XRP Recorded a 10% Rally The trading price of XRP has recorded a 10% surge in its value in today’s trading session. The price of XRP has been rising significantly but this time, the surge is quite promising. The recent rally has pushed XRP’s price enough to bring it close to the multi-month high. As of yesterday, the trading price…
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India Freezes Bitcoin At Binance Amidst Wazirx Investigation

India Freezes Bitcoin At Binance Amidst Wazirx Investigation

According to the Enforcement Directorate (ED) in India, it has frozen a total of 77.6 bitcoins that were transferred from Wazirx, the Indian crypto exchange, to Binance. This freeze is part of the ED’s investigation of a mobile gaming application in regard to money laundering issues. Frozen bitcoin The announcement was made by the Directorate of Enforcement (ED) in India on Wednesday about freezing a total of 77.62710139 bitcoins under the Prevention of Money Laundering Act (PMLA) in the country. The ED is India’s economic intelligence and law enforcement agency of the Indian government. The freeze was imposed because of…
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Circle Acquires Elements To Increase Cryptocurrency Payments Scalability

Circle Acquires Elements To Increase Cryptocurrency Payments Scalability

On September 29 at the Converge 22, Circle made a major announcement promising for the cryptocurrency community. Circle Acquires Elements Circle, a major financial technology firm announced during an event that it had acquired Elements. It is a major payments orchestration platform as well as a merchant for the same services. The services that the platform offers are developer-first. Circle’s Roadmap has enhanced Circle had reportedly started working on its roadmap and acquiring Elements was part of its agenda to enhance its cryptocurrency payments acceleration. The firm has announced that following the acquisition of Elements, its roadmap for the enhancement…
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Russia Is Planning Next Steps For Digital Ruble

Russia Is Planning Next Steps For Digital Ruble

The digital ruble, the central bank digital currency (CBDC) project of the Bank of Russia, is slated for release in the next year. But, the country is already making plans for what it intends to do with the currency, including using it for making payments to its key ally i.e. China. Authorities in Moscow are hoping that other countries will also be ready to adopt the digital currency for trading purposes, thereby allowing Russia to circumvent the sanctions imposed on it due to the Russian invasion. The digital ruble The Central Bank of Russia is preparing to introduce settlements with…
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Stablecoin Markets Shift With Binance Launching USDC Conversions

Stablecoin Markets Shift With Binance Launching USDC Conversions

Binance has begun the conversion of TrueUSD, Paxos’ Pax Dollar and Circle’s USDC holdings into its own stablecoin, Binance USD (BUSD) and the stablecoin markets are already feeling the impact of this move. Since Binance announced that it would no longer offer support for competing stablecoins on its platform, which is the largest exchange in the world in trading volume, the market cap of the USDC stablecoin has declined by 5%. Moreover, there has also been a rise of 93% in the outflows of the USDC stablecoin from the exchange, which means the number of stablecoins that have left the…
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