Cryptocurrency

Exchange Traded Fund For Bitcoin To Be Liquidated Close To October’s Conclusion, Announces Valkyrie Funds

Exchange Traded Fund For Bitcoin To Be Liquidated Close To October’s Conclusion, Announces Valkyrie Funds

One of the major fund managers for cryptocurrencies in the United States ‘Valkyrie Funds’ recently had a sad announcement for the crypto community. The fund manager announced that they have decided that they will proceed with the liquidation of the exchange-traded fund (ETF) for Bitcoin. As per communication, Valkyrie Funds wants to do it by the end of October. Valkyrie Funds to Liquidate Bitcoin ETF On October 11, the officials at the Valkyrie Funds took to Twitter and other social media platforms to communicate the company’s decision. On that particular day, Valkyrie Funds announced that they have made a final…
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CEO Of Investment Fund Feels Optimistic About Crypto Winter Coming To An End

CEO Of Investment Fund Feels Optimistic About Crypto Winter Coming To An End

For almost the start of the current year, the bearish situation in the crypto market has persisted and has continued to wreak havoc on various investments. As inflation rates began to rise and prices for various commodities started to go up, people started pulling out of the market. As a result, the market managed to lose over 60% of its total market cap, which eventually led to various cryptocurrencies going bust. But for the many who are looking to wait out this storm, they are wondering when it will end. Investors who are still holding on to their assets in…
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Telegram Witnessing An Interest Decline For Cryptocurrency Channels In Russia

Telegram Witnessing An Interest Decline For Cryptocurrency Channels In Russia

Multiple analysis firms are expecting a decline in the audience for the Telegram cryptocurrency channels after the implementation of EU sanctions on Russia. It is expected that the audience would continue shrinking due to the sanctions being filed by the European Union on Russia. It is the eighth wave of sanctions that Russia has faced from the EU. Telegram Channels Losing Audience One of the most popular messaging applications, Telegram has been losing a great number of users on the cryptocurrency channels. According to the data, the number of cryptocurrency users on the crypto channels has been leaving for the…
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Rocketize: The New Big Meme Crypto?

Rocketize: The New Big Meme Crypto?

Meme cryptocurrencies just won’t seem to die down any time soon, as every year sees the rise of at least one or two of them. And just as soon as investors think that the meme is dead, the token manages to stay around far longer than anyone was willing to give it credit for. Of course, the biggest example of a meme token that just eventually outlived the meme itself was DogeCoin. Or, as many would like to call it, the OG meme coin. In fact, DogeCoin is one of the best examples to look at, as it would have…
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Crypto Influencer Criticized For Receiving $30,000 For Endorsing Bankrupt Crypto Lender

Crypto Influencer Criticized For Receiving $30,000 For Endorsing Bankrupt Crypto Lender

A well known crypto influencer is facing backlash on Twitter after a newly released court document reveals that she received $30,000 from now-bankrupt crypto lender Celsius for endorsement deals. Maren Altman’s critics are accusing her of receiving endorsement payments to develop positive content about the company as it faced cash flow problems. Moreover, they criticized her for not being more transparent about receiving payments. Altman Calls Accusations a ‘Witch Hunt’ During an interview with CoinDesk, the Bitcoin and Ethereum astrologist said that while Celsius did pay her for the endorsement-related content, the accusations on Twitter are a witch hunt. As…
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Mastercard Puts Efforts For Introducing Crypto Into Everyday Payment Affairs

Mastercard Puts Efforts For Introducing Crypto Into Everyday Payment Affairs

A great deal of focus has been put by Mastercard on five crucial areas concerning crypto for introducing crypto payment mechanisms in everyday payments. An executive of the electronic payment giant suggested that the day is not far when crypto payment will overtake electronic payment cards. At least five crucial areas on which the electronic payment giant, Mastercard, has been focusing these days were discussed on 12th October 2022. Mastercard’s latest initial In Progress In the discussion, Mastercard revealed that it is working tirelessly on achieving an objective wherein cryptocurrencies may be introduced into everyday payments. Mastercard’s EVP of Digital…
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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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Analysts Agree That A Digital Dollar Is Well On Its Way

Analysts Agree That A Digital Dollar Is Well On Its Way

Crypto analysts have a reputation for making claims that can sometimes be completely spot-on, or very inaccurate. However, the individual predictions often come down to the analysts themselves, not the claim that they are making. And while some are fixating on when Bitcoin will rally, others are focusing on the more likely possibility of there being a Digital Dollar. More specifically, analysts are saying that a digital US dollar backed by the Central Bank is not just possible, but it is inevitable. Although the timeline for when this digital currency will come out is still many years off, the chances…
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BNB Chain Is Now Up And Running For Users After Falling Victim To An Exploit

BNB Chain Is Now Up And Running For Users After Falling Victim To An Exploit

As of October 7, the BNB Chain is active after being suspended due to maintenance work. BNB Chain has been launched by the Binance cryptocurrency exchange, which runs all of its operations through the particular network. BNB Chain is Up and Running On October 7, the officials at the BNB Chain confirmed that the network is back online after being suspended due to the exploit. After reporting the exploit, the BNB Chain officials reportedly shut down the blockchain claiming it was down for maintenance. However, the BNB Chain community knew that the brief suspension of the network was due to…
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XRP Price Is Up 2.64% As Ripple-SEC Lawsuit Conclusion Draws Near

XRP Price Is Up 2.64% As Ripple-SEC Lawsuit Conclusion Draws Near

The native token of Ripple “XRP” seems to be making a big name on the list of cryptocurrencies demonstrating strong performances. The value of the digital asset has been witnessing significant gains as the legal fight between Ripple and the US SEC approaches its conclusion. Ripple is Growing its Network XRP was created and launched by Ripple Labs for the purpose of cross-border transactions on a global scale. Over time, Ripple has continued forming multiple alliances with payment services from all over the world to make cross-border transactions extremely convenient. Elevated Utility for XRP Even now, the expansion of Ripple…
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Grayscale Launches Grayscale Digital Infrastructure Opportunities To Invest In Bitcoin Hardware

Grayscale Launches Grayscale Digital Infrastructure Opportunities To Invest In Bitcoin Hardware

Grayscale Investments has made an announcement in regards to launching a new subsidiary that is to focus on the crypto mining segment. The responsibility of the particular subsidiary would be to invest in mining opportunities that involved Bitcoin and mining hardware. Mining Investment Subsidiary On October 6, Grayscale made the announcement about launching a new subsidiary that would be dedicated to creating and investing in digital infrastructure opportunities. The name of the new subsidiary has been founded based on the segment it would target. The main purpose of the subsidiary would be to invest in mining hardware for Bitcoin. According…
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A New Cryptocurrency Protection Tool Comes To Life And Mastercard Has Created It

A New Cryptocurrency Protection Tool Comes To Life And Mastercard Has Created It

Mastercard, the financial service provider has announced the launch of a new tool that is to offer a utility that is related to risk management. Mastercard Launches a New Service On October 3, Mastercard officially announced that they have launched a new cryptocurrency service that is going to offer assistance in the risk management segment. Mastercard has confirmed that the name of the new service is ‘Crypto Secure’. With the help of the new service, the banks would find it extremely easier to deal establish and deal with cryptocurrency frauds and other platforms. With the help of the service, the…
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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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