Despite some seemingly positive news recently released about the SEC, the price of XRP continues to fall. The victory against the SEC has not helped the price of XRP Right now it seems to have lost almost 2% since yesterday, 12.5% since a week ago, 25% since a month ago and even 53% from a year ago. Compared to the all-time highs of January 2018, the loss is 81%. But why does the price of XRP keep falling despite seemingly positive news? First of all, it is worth mentioning that the recent news that was made public about the progress…
Author: Farwa Raza
For the third day in a row, the global cryptocurrency community sees a “Bitcoin law” project draw attention, this Thursday (28) in Panama. Last Tuesday (26), Brazil saw the Federal Senate approve the regulatory framework for cryptocurrencies. On Wednesday (27), the Central African Republic made Bitcoin legal tender, being the second country after El Salvador to make this move. Thus, the week is marked by a strong regulatory movement in different countries, which shows that the issue is still booming worldwide. Panama approves in Congress a law to legalize cryptocurrencies Located in Central America, Panama is yet another country to…
Brian Armstrong, CEO of Coinbase, did not suppress his admiration for Elon Musk and the purchase of Twitter with the promise of promoting freedom of expression. Coinbase CEO and his admiration for Elon Musk’s commitment to freedom of expression on Twitter In a summary of tweets, Coinbase CEO Brian Armstrong praised Elon Musk and his purchase of Twitter to promote “freedom of expression.” Here are the verbatim words: It’s a turn around job, props to him for executing on it and taking on the challenge in a way most people could not even contemplate. Hopefully twitter can be converted to…
The head of government of Buenos Aires, Horace Larreta, announced that the government would allow the payment of taxes in cryptocurrencies. The announcement is part of the digitization plan for Buenos Aires. The initiative of the Argentine capital will build the relationship between the city and its inhabitants. Tax payments with cryptocurrencies for citizens of Buenos Aires The government of Buenos Aires will allow its citizens to make payments for tax procedures in cryptocurrencies. According to the news published by a local news firm, the announcement was made by Horacio Rodríguez through a Zoom call. The effort is part of…
A cryptanalyst and YouTuber, Lark Davis has presented a comprehensive review of Polygon in a new video. According to him, Polygon has three main purposes of use. First of all, your MATIC token was designed to be used as a fee and to ensure that transactions become cheaper. You need to have a small MATIC token in your wallet to pay the fees, and it’s cheaper as $5 of the token can be used for about 100 transactions. Furthermore, MATIC was designed for staking. Finally, a burn function was introduced to reduce the supply of tokens over time, which is…
After taking over $600 million from Axie Infinity in the biggest hack of its kind to date, hackers linked to the North Korean government are now cashing in on their loot. In one such case, they tried to cash out through Binance and the exchange was able to snatch close to $6 million from the hackers, founder and CEO Changpeng Zhao revealed. CZ took to Twitter to reveal that his exchange had managed to foil the cash withdrawal process, recovering $5.8 million from the hackers. While this represents a very small portion of the $600 million stolen, it shows that…
The ecosystem Shiba Inu (SHIB) It wasn’t just about memes. Despite being born from a meme, SHIB intended to expand its use cases. With the start of the metaverse, a variety of platforms around the world dove into it. The SHIB network decided to implement their own metaverse for the Army. Shibaverse made its debut earlier this month and the public sale event recently got off the ground. Plots in the Shiba Inu metaverse could initially only be acquired by block and bid. Now as part of the public sale, everyone could shop without having to lock up. However, the…
Shiba Inu (SHIB) has a lot of developments up its sleeve this year. Upcoming developments include the full release of SHIB: The Metaverse, Shibarium, PlaySide Games, and a play-2-earn blockchain game. Also, SHIB is in collaboration with John Richmond’s clothing line, plans to expand Welly’s fast food outlet, and much more. SHIB: The Metaverse opened a ‘land sale event’ for 3 days last week, with only Leash holders given priority access to view, bid and buy land. However, the team faced severe criticism for favoring native tokens in the ecosystem and neglecting Shiba Inu. Also, the community was not happy…
With Bitcoin standing on the doorstep of $42k, cryptocurrency market participants were divided on this stage. One set of them believe that the #1 coin could revisit the lows before bouncing back to $50k tracts, while the other set thinks that BTC is already on track to create higher highs. In the short term, Bitcoin’s movements have been rather lethargic. After rising just 0.7% and 1.9% on the daily and weekly time frame, BTC was priced at $42.5k at press time. Bear the pain to reap the gains: the Bitcoin mantra? Institutional flows related to cryptocurrencies remain negative at the…
Bitcoin is trading in the green today as it jumped nearly 5% in day trading hitting a daily high of 41,886. The leading cryptocurrency recovered from its decline last week, where it dipped below the $39,000 mark. the financial analyst John Squirepartner of Ojamu, a platform powered by AI and Blockchain, spoke exclusively when the market was down, stating that Bitcoin will recover. “Don’t lose your cool. Normally, on Mondays, Bitcoin tends to go down, and gradually it will go back up again.” Squire’s prediction turned out to be accurate as BTC and the entire cryptocurrency market are now trading…