XRP moved to a fresh four-month high on Thursday, which comes as volatility in the crypto markets eased, following the latest U.S. Federal Open Market Committee meeting. The token rose past a key hurdle in today’s session, hitting its highest point since May. Algorand was another notable mover, with prices climbing by as much as 17%. XRP raced to a…
A Bitcoin (BTC) on-chain indicator, which tracks the amount of coin supply held by long-term holders (LTH) in losses, is signaling that a market bottom could be close. Eerily accurate Bitcoin bottom pundit As of Sep. 22, approximately 30% of Bitcoin’s LTHs were facing losses due to BTC’s decline from $69,000 in November 2021 to around $19,000 now. That is…
The Bank of Russia and the country’s Ministry of Finance have reportedly reached an agreement allowing cross-border settlements in cryptocurrencies. According to a Thursday report from the Russia-based publication Kommersant, Russia’s deputy finance minister Alexei Moiseev said the government department has agreed “on the whole” with the central bank over a rule that would let residents send cross-border payments using…
On the first day after the Merge, the decentralized finance (DeFi) community is settling into the seemingly uneventful transition of the Ethereum network from proof-of-work (PoW) to proof-of-stake (PoS). However, it has yet to be seen the benefits that hard forks will bring to PoW supporters. So far, the most important contending networks in favor of the mining community, EthereumPoW…
Binance today announced the formation of its new Global Advisory Board, a strategic council of experts that will advise the world’s leading cryptocurrency exchange on the regulatory, political and social issues faced by the industry. Chaired by former U.S. Senator and Ambassador to China, Max Baucus, the Board comprises experts in public policy, government, finance, economics, and corporate governance, including…
Increasing numbers of employees are quitting 9–5 corporate jobs to work for DAOs. While the money’s great, DAOs fall into a legal gray area, and it can be tricky to get your foot in the door. Researchers Nataliya Ilyushina and Trent MacDonald from the Royal Melbourne Institute of Technology Blockchain Innovation Hub take you through how to get started. This…
Speaking in congressional testimony on Wednesday, Jamie Dimon, CEO of JPMorgan, said he was a “major skeptic of crypto tokens […] like Bitcoin” and called them “decentralized ponzi schemes.” “The notion that it’s good for anybody is unbelievable,” Dimon said, pointing to the use of cryptocurrencies in ransomware attacks, sex trafficking and money laundering. Dimon also spoke about stablecoins, which…
The Kingdom of Bahrain approved EazyPay to enable Bitcoin payments for over 5,000 merchants in the MENA region. EazyPay partnered with Binance enabling instant POS and online payments in bitcoin and crypto. Bahrain recently began testing bitcoin payments through the central bank’s financial services testing platform. The Central Bank of Bahrain (CBB) has approved EazyPay, an online payments platform, to…
Major government institutions in Moscow, the central bank and the finance ministry, have aligned their positions on the regulation of cryptocurrency mining in the Russian Federation. The respective bill will soon be filed with the State Duma, a high-ranking member of the house unveiled. Financial Authorities Reach Consensus on How to Regulate Mining of Digital Coins in Russia The Central…
Layer-1 blockchain Zilliqa is preparing to dive into the world of Web3 gaming, with the launch of a hardware console and gaming hub. A prototype version of the console was unveiled today, showcasing a sleek design with an array of ports including HDMI, Ethernet and USB-C and USB 3.0 connections. Full specifications for the console remain under wraps, though Zilliqa…
