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Ripple Scores $15 Billion Valuation — CEO Says Financial Position Is Strongest Ever Despite SEC Lawsuit Over XRP
27.1.2022
Ripple has bought back shares from its Series C funding round, which raised the company’s valuation to $15 billion, according to CEO Brad Garlinghouse. He added that despite the lawsuit by the U.S. Securities and Exchange Commission (SEC) over the status of XRP cryptocurrency, Ripple had...
Global Crypto Owners Predicted to Surpass 1 Billion This Year
27.1.2022
The number of global crypto owners is expected to exceed one billion by the end of the year, according to a report by Crypto.com. “Nations can no longer afford to ignore the growing push to crypto by the public. We may in many cases expect a friendlier stance towards the crypto...
Altcoins book 40% gain after Bitcoin and the crypto market enter a relief rally
26.1.2022
FRONT, DG and QSP join the list of altcoins which surged more than 40% after BTC recovered the $38,000 level
Technical Analysis: Cosmos Decline Continues, as Polygon Surges
26.1.2022
Ahead of Wednesday’s FOMC meeting, cryptocurrency markets were once again trading higher, with polygon (MATIC) being one of today’s biggest gainers. Despite the top 20 mainly trending upward, some in this list were mainly lower during the course of the session. Biggest Gainers Polygon...
Bitcoin, Ethereum, Stocks Rise as Sense of Relief Spreads Ahead of Fed Statement
26.1.2022
The two largest cryptoassets bitcoin (BTC) and ethereum (ETH) rose in the market today, as a sense of relief sent nearly all risk assets higher ahead of the US Federal Reserve’s FOMC statement later today.
At 17:34 UTC, BTC was up almost 3% for the past 24 hours to a price of USD 38,268, while...
Mark Zuckerberg’s Meta in Talks to Sell Assets in Crypto Project Diem: Report
26.1.2022
Meta, formerly Facebook, is reportedly in talks with investment bankers to sell its assets in the cryptocurrency project Diem, formerly Libra. The diem USD stablecoin was supposed to be issued by Silvergate Bank but it failed to get regulatory approval. Meta Reportedly Seeking Buyers for Diem...
Putin Talks up Russia’s Crypto Credentials as Ukraine Tension Mount
26.1.2022
Recent talk of a ban on crypto in Russia may be premature – particularly after the nation’s President Vladimir Putin appeared to talk up the country’s crypto capabilities. And with the United States threatening to sanction the Russian leader over heightened tensions on the Ukrainian border...
Crypto-Based Money Laundering Still on the Rise, DeFi Gets Bigger Role
26.1.2022
Money laundering in crypto continued to rise between 2020 and 2021, although the illicit activity still remains below its all-time high from 2019. However, the takedown of two major illegal services in the past year may have made the activity less concentrated, blockchain intelligence firm...
Bitcoin, Ethereum Technical Analysis: ETH Nears 10% Gain, BTC Inches Toward $40,000
26.1.2022
Days after falling to a 6-month low, bitcoin rose for a second consecutive session, as prices slowly approached its key level of $40,000. Today’s gain in BTC comes as the global crypto market cap was 4.7% higher from yesterday’s session, as of writing. Bitcoin The world’s...
Thailand Announces Cryptocurrency Will Be Regulated as Means of Payment
26.1.2022
Thailand has announced that cryptocurrency will be regulated as a means of payment for goods and services “to avert potential impacts on the country’s financial stability and economic system.” The announcement was issued by the Bank of Thailand, the Thai Securities and Exchange...
Kazakhstan Shuts Down Crypto Mining Farms Till February
26.1.2022
Data centers minting cryptocurrencies in Kazakhstan were cut off from the nation’s power grid this week and will remain unplugged for the rest of January. The measure comes as the country faces electricity shortages blamed on crypto mining and blackouts in the cold winter months. Crypto...
Belarus to Remain Crypto-Friendly as Ally Russia Mulls Blanket Ban
26.1.2022
Authorities in Belarus have no intentions to adopt stricter rules for the country’s crypto space. That’s despite neighboring Russia, a close partner in many areas, considering a blanket ban on а number of activities related to cryptocurrencies as suggested by the central bank...
Net Inflows Into Largest Gold ETF Surge Amidst Falling Stocks and Crypto Prices
26.1.2022
Net inflows into SPDR Gold Shares surged to a new record of $1.63 billion, the highest since its listing in 2004. The surge of net inflows into one of the largest gold exchange-traded funds (ETFs) comes against a backdrop of falling cryptocurrency and stock values. Investors More Bullish on Gold...
Binance Becomes Main Sponsor of Argentinian Soccer Association
26.1.2022
Cryptocurrency exchange Binance has signed a partnership agreement with the Argentinian Soccer Association (AFA), one of the biggest soccer federations in the world, to become its main sponsor. With this deal, Binance will become the main sponsor of all the Argentinian national soccer teams for...
Trump Family Threatens Legal Action Over Trumpcoin Crypto — Says ‘We Do Not Authorize the Use’
26.1.2022
The Trump family has threatened legal action over trumpcoin, a cryptocurrency created in 2016 “to honor Donald J. Trump.” Eric Trump said that the crypto has nothing to do with the Trump family. “We do not authorize the use and we are in no way affiliated with this group. Legal...
Elon Musk Tempts McDonald’s to Accept Dogecoin — McDonald’s Replies ‘Only if Tesla Accepts Grimacecoin’
26.1.2022
Tesla CEO Elon Musk says that he will eat a happy meal on television if McDonald’s accepts the meme cryptocurrency dogecoin (DOGE). However, McDonald’s replied, “only if Tesla accepts grimacecoin.” Musk’s statement followed a tweet by McDonald’s asking...
NYC Mayor Eric Adams Defends Receiving Paycheck in Bitcoin as Price Crashes
26.1.2022
The mayor of New York City, Eric Adams, converted his first paycheck into bitcoin and ether before the price of the cryptocurrencies plummeted. However, the mayor said, “When you are a long-term investor, you don’t keep your eyes on your portfolio.” He added that the purpose...
Decentralised Metaverse Socialfi Platform Boom Enables NFT Display in Its App
25.1.2022
While the latest news and information about cryptocurrency & NFT projects are better known through Web 2.0 social media companies such as Twitter, Instagram, and Youtube. There aren’t any decentralised social platforms available in the market that allows users to own the NFT while being...
IMF Urges El Salvador to Drop Bitcoin Tender Law, Executive Board Report criticizes BTC Bonds, Chivo Wallet
25.1.2022
The International Monetary Fund (IMF) has been very critical of cryptocurrencies and according to a report on Tuesday, the IMF’s board has “urged” El Salvador to discontinue its bitcoin tender status. A few members of the IMF’s board said the country’s decision...
Technical Analysis: Meme Coins, Avalanche Move Higher on Tuesday
25.1.2022
Meme coins were higher on Tuesday, as the global cryptocurrency marketplace rebounded from recent declines in price. Both DOGE and SHIB were trading close to 7% higher during the session. In addition to the meme coins, there were several other gainers on Tuesday, as both traders and long-term...