While clashing in court with US regulators, Ripple Labs continues to launch its XRP-powered cross-border payment product, On-Demand Liquidity (ODL), in new regions of the world. ODL works by leveraging XRP to eliminate the necessity for pre-funded accounts in cross-border payments. The San Francisco-based company announced this week that it is deploying ODL in the …
Category archives: Trending Crypto news
Upgradable NFTs: How collaborations will leap forward
Artist collaborations are an undeniable cornerstone of modern pop culture. The confluence of creative minds ultimately captured in a single artwork is something that has perpetually aroused audiences, critics and the creative community. Take “The Marilyn Diptych,” by American pop art pioneer Andy Warhol. The iconic art piece is based on a publicity photograph of …
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Bitcoin price dip matches October 2017 with BTC ‘explosion’ still forecast before 2022
Bitcoin (BTC) has dipped below $60,000 — but BTC price action is still mimicking the eye-popping 2017 bull run. The latest data covering Bitcoin’s current halving cycle versus its previous one shows just how similar 2017 and 2021 really are. Bitcoin prints more eerie 2017similarities Bitcoin has had its ups and downs this year, but …
Privacy or policy? Why Facebook’s crypto wallet, Novi, is facing resistance
The stablecoin market has grown exponentially over the last few months due to the numerous advantages blockchain-based versions of fiat currencies have. But, when Facebook launched its cryptocurrency wallet Novi using Paxos’ stablecoin, some United States senators were quick to oppose it. Are they concerned about user data or monetary sovereignty? The social media giant …
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Shiba Inu could surpass Dogecoin after a 700% SHIB price rally in October
Shiba Inu (SHIB) continued its march upward on Oct. 27, with its price hitting a record high of nearly $0.000060 before correcting lower. SHIB rallied by more than 25% to an all-time high of $0.00005959, crossing above its previous all-time high of 0.00005000, according to data from Binance. The latest move upside pushed the token’s …
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These Four Low-Cap Altcoins All Skyrocket 84% or More Within Seven Days
Four under-the-radar altcoins are printing massive gains this week as the crypto markets continue to flash signs of bullish momentum. One of the week’s top gainers is Kadena (KDA), a high-throughput hybrid blockchain protocol. ADVERTISEMENT CoinGecko shows that the altcoin rallied from a seven-day low of $2.77 to a new all-time high (ATH) of …
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Dubai finance watchdog approves listing of Bitcoin fund
The Bitcoin Fund (QBTCu.TO), a closed-end investment vehicle based in Canada, has received regulatory approval from the Dubai Financial Services Authority (DFSA). The fund debuted on Nasdaq on June 23, 2021, and became the first listed digital asset fund in the Middle East. The fund’s goal is to provide investors with exposure to Bitcoin (BTC) …
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Latin America stands to benefit most from crypto, says Uphold exec
El Salvador’s Bitcoin (BTC) adoption has triggered a digital asset revolution in Latin America, and the region could benefit even more if people can exchange cryptocurrencies, fiat money and the upcoming central bank digital currencies (CBDC) on the same infrastructure, said the head of multicurrency investment platform Uphold. Speaking to Cointelegraph, Uphold CEO JP Thieriot …
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Slovenian finance ministry seeks public opinion on crypto tax laws
Slovenia’s Ministry of Finance is reportedly seeking public consultation on a draft bill related to taxing cryptocurrency investments, according to local reports. The ministry’s intent to gauge investor sentiment comes almost a month after the Financial Administration of the Republic of Slovenia proposed a 10% tax on cryptocurrency activities. If signed into law under Slovenia’s …
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Analyst Predicts Monster Uptrends for Ethereum and Aave, Says Red-Hot Solana Could Run Hard
A popular crypto strategist and trader is predicting strong uptrends for Ethereum (ETH) while saying that explosive altcoin Solana (SOL) could continue its impressive performance. The pseudonymous trader Smart Contracter tells his 176,000 Twitter followers that he’s keeping a close watch on Ethereum against Bitcoin (ETH/BTC) because he believes the trading pair remains bullish after …
Bitcoin drops $1K in five minutes in fresh dip below $60K
Bitcoin (BTC) fell sharply on Oct. 27 as $60,000 finally gave way to two-week lows. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin bites into major buy wal Data from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $58,000 at the time of writing, hitting its lowest since Oct. 15. The move follows multiple retests of …
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Redditors cheer as GameStop assembles team of NFT experts
GameStop (GME) is assembling a team of blockchain and NFT experts to work on the firm’s upcoming NFT platform. The firm’s GME stock is a cult favorite amongst retail traders as a result of the r/wallstreetbets and Robinhood saga earlier this year. On Reddit the r/Superstonk community boasts 659,000 members, and is dedicated to hosting …
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Approved ProShares Bitcoin Futures ETF Blazes Path for Crypto Mainstream Adoption
HodlX Guest Post Submit Your Post 2021 will be remembered as a turning point for the cryptocurrency industry in the US as its regulators began to embrace and accept cryptocurrencies – indicating that they are here to stay. After years of waiting and hoping by potential sponsors, Bitcoin investing is finally open to everyone with the implicit …
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Citi’s bullish Coinbase target: ‘Buy crypto’s general store’
Financial services multinational Citi initiated coverage of U.S. crypto exchange Coinbase’s stock this week with a very bullish price target. Citi analyst Peter Christiansen told investors that they could “buy crypto’s general store,” in a research note published on Tuesday, Oct. 26. Citi has given COIN a bullish price target of $415 which is substantially …
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Puerto Rico sees resurgence of interest among crypto rich
The United States territory of Puerto Rico is seeing a resurgence of interest among crypto investors attracted by the fact it doesn’t charge federal income tax and eligible investors can pay zero taxes on their crypto gains. Under local law Act 22, those who live in Puerto Rico for at least half of the year …
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