MKR, XRP Gain Prominence as BTC and ETH Maintain their Ground Ahead of US Inflation Report

MKR and XRP cryptocurrencies are staging a rally in a crypto market that is close to being moribund while waiting for the publication of the inflation report from the US Federal Reserve. The Personal Consumer Expenditure is set to be published at any moment. Dividends of the Legal Battle Recently, XRP sold at $0.492, being … Read more

The Chinese Authorities Busted Digital RMB Money Laundering Operation

The Chinese Law enforcement agency stopped money laundering activities that involved Digital Yuan. China included four additional provinces into the testing operation of the Central Bank Digital Currency (CBDC).  The increasing use of China CBDC in China has gained international recognition. Australia, South Korea, India, and Sweden are all developing their CBDCs. 19 G20 countries … Read more

Estonia Grants Crypto Service License for the First Time

Estonia’s Financial Intelligence office has given out its operating license for crypto service provision for the first time. This was under the country’s crypto regulatory framework that was rolled out in March. Up With New Regulations The Financial Intelligence office announced the new development last week that it issued the crypto operating permit to Striga … Read more

Shiba Inu Getting Back to Relevant Price Area

Shiba Inu had seen some poor price performance in recent times. But in spite of that, the token has started to get back up, especially against certain assumptions of a dip made by crypto analysts. Necessary Factors for Breaking Out The memecoin’s 50-day exponential moving average is such a significant price area that has to … Read more

Coinbase Gains Netherlands Central Bank Operation Approval

Coinbase, a United States based cryptocurrency exchange company, got approval to operate in the Netherlands by the Central Bank of Netherlands, De Nederlandsche Bank. Coinbase, a prominent crypto exchange company in the United States, furthered its expansion mission across Europe as it earned its recent approval for operation in Holland.  On the 22nd of September … Read more

Tether Compelled to Document Its USDT Backing by New York Judge

A New York court agreed with the plaintiffs’ demand to provide significantly important documents that would aid the fraud case. A New Court Order A judge in the US district court in Southern New York, Justice Katherine Failla, has ordered Tether to provide evidence for 1-to-1 support of its stablecoin, the Tether. The court now … Read more

Thailand Bans Crypto Lending and Staking Services

Thailand’s Security and Exchange Commission is finalizing preparations to ban crypto service providers from providing lending and staking services to crypto users in the country. According to local media in the country, the financial regulator is starting to clamp down on crypto asset service providers on the back of the collapse of crypto lending firms … Read more

ECB Picks Five Firms To Develop Digital Euro Prototype

According to a Friday statement, the European Central Bank (ECB) has selected five firms to assist in developing user interfaces for a future digital Euro. The ECB intends to conduct experiments to see how effectively the technology underpinning the digital Euro can combine with the user interface design built by enterprises. Amazon Among Companies Chosen … Read more

Bank De France, CBN Among Eight New Hyperledger Members

In recent reports, there has been an addition to the list of users of the central blockchain systems and application developer, Hyperledger. These new members include the CBN (Central Bank of Nigeria), Casperlabs, DSR corporation, and five others. As the result of the recent impressive progress made on the study of CBDC (Central Bank Digital … Read more

Finance Bureau Orders Regulations Against Revolut Technology

Japan Financial Bureau has placed a strict regulatory measure on a tech company, Revolut Inc. Revolut technology, a subsidiary of the United Kingdom-based Fintech, was accessed by the Bureau, accused of operating without significant growth or improvement.  Japan Financial Bureau Order Improvement for Revolut According to Financial Magnate, the regulatory framework was issued on the 2nd … Read more

Ripple (XRP) Signals a $0.40 Return Despite Ripple vs. SEC Stall

XRP reversed Tuesday’s 2.98% slide following a 3.81% uptick yesterday. The absence of updates from the Ripple vs. SEC lawsuit left XRP in U.S CPI hands, and the remittance token propelled to $0.38. Technical indicators flash bullishness, with XRP steadying beyond the 50-dayEMA and today’s U.S wholesale inflation might support a $0.40 return. XRP gained … Read more

Crypto Market Under Downside Pressure, Risking Massive Sell-Offs

The cryptocurrency industry is under pressure yet again ahead of Wednesday’s Taiwan visit by Nancy Pelosi of the United States, escalating tensions between Chain and the US. Moreover, the $200 million Nomad exploit and the SEC charging eleven for the $300M Forsage Ponzi scheme added some downside pressure on the marketplace, triggering price plunges. The … Read more