XRP Whales Increase Acquisition, Hit Two-Month Supply Peak

Today’s total XRP in circulation stands at 48.3M out of a 100B total supply. It’s estimated that XRP whales hoard anywhere from 1,000,000 to 10,000,000 tokens. The supply has recently increased to its highest level in over two months. These active XRP whales own more than 6.12% of the entire XRP.  There has been a … Read more

India Will Launch Its CBDC in Stages: RBI Report

The RBI is currently determining whether launching a CBDC is workable. Or if it is possible at the halfway point of 2022. India Plans to Implement CBDC in Stages RBI advocated a 3-step method for bringing out CBDC. Mostly with minimal interruption to the old monetary sector. Indian finance minister Nirmala Sitharaman addressed the plans … Read more

JPMorgan Predicts Bitcoin Uptrend By 28%, Sees Crypto As Alternative Assets

Popular U.S-based investment bank JPMorgan has forecasted Bitcoin’s price to rise by 28% from its current price level. The investment giant believes that the flagship cryptocurrency has a significant upside in future price trends. According to the investment giant, it had a previous price prediction for Bitcoin at $38,000 and still stands by it. However, … Read more

Singapore Company Launches $100M For Web3 and Metaverse

Singapore Invests $100M on Web3 and Metaverse NGC Ventures created a new ecosystem capital only for Web3 projects. It indicates an increased investor appetite for firms helping build a decentralized network. Huobi Ventures, Babel Finance, and Nexo Ventures are the NGC Metaverse Ventures investors.  High-potential projects in the Web3 economy may receive funding, says Roger … Read more

BSN Makes Tempting Promises For Their Next Release in Summer

CNBC says that China’s BSN will start its first foreign initiative in August. They will not be using cryptocurrency to power the Spartan Network. Users would rather pay in USD for activities and fees. Not surprising, given Beijing’s anti-cryptocurrency view. In other words, it seems that a primary goal is to increase the BSN’s appeal. … Read more

Energy Companies Might Stir the Next BTC Bull Phase

The most popular cryptocurrency, Bitcoin, has re-entered the $28.K support line. The token had crossed the $30k threshold at press time, following a 3% increase in the past 24-hours. However, there is room for more. Bitcoin may rally if it breaks through the $30.6K barrier zone. What Motivates Bitcoin’s Bull Trend Right Now CryptoQuant CEO … Read more

Robinhood Launches a Zero Swap Fee Web3 Wallet

According to the latest report, Robinhood will be launching a non-custodial web3 wallet with no swap fees. For the time being, a name hasn’t been decided for the wallet. If anyone plans on getting up the waitlist, they’ll have to refer their friends. Robinhood Launches Web3 Wallet Robinhood, a commission-free exchange that pays market makers … Read more

Russia Will Legalize Cryptocurrency Soon – Trade Minister Says

Following months of discussion to ban digital currencies, Russia has made a u-turn to incorporate the asset class into its monetary system. Trade Minister Denis Manturov revealed that the government is working on implementing some policies to support the use of virtual currencies in the nation. When asked about paying for goods and services in … Read more

Binance Reportedly Seeks to Set up German Branch

Binance, one of the most prominent digital assets exchanges worldwide, has never stopped in its tracks to break new grounds and explore new nations. The company’s CEO, Changpeng Zhao, announced at an event in Germany that his organization is currently holding talks with regulatory agencies in Germany concerning establishing a branch there. Additionally, the digital … Read more