Inflation Rises Beyond Expectations, Stocks Tumble

Stocks in the US experienced huge selling pressure on Tuesday following the publication of the awaited inflation figures for August. The report revealed that prices were stronger than expected last month. Stocks Began to Fall Almost immediately after the inflation report was released, Nasdaq shares dropped by about 1.8% while S&P 500 lost 1.2%, and … Read more

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

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

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

Southeast Korea Strengthens Probe Into Cause of LUNA Crisis

The Republic of South Korea is strengthening its probe of the cause of the TERRA (LUNA) crisis. The plunge in the asset price allegedly threatens to incite widespread investor withdrawals from the blockchain-powered gaming company. The country has received reports on the crisis that hit the digital assets market and led to LUNA’s de-pegging. The … Read more

India’s Central Bank Warns against Dollarization of Local Economy by Digital Assets

India Warns against a Crypto Dollarized Financial Sector The Reserve Bank of India (RBI) said that digital asset would impair the ability of the country to supervise its economic system and establish financial policies. The supervising bank’s officials issued warnings one more time over the utility of digital assets. The RBI’s officials alleged that adopting … Read more

Leaked Report: South Korea Appears to be Preparing Crypto Laws in Two Years

A leaked report reveals that the government of South Korea is planning to phase out legislation for the digital assets industry over the next two years. Additionally, the uncovered document showed that the federal government of the Asian nation is planning to set up a framework that would help protect digital assets’ investors in South … Read more