The company behind XSGD – one of the largest non-USD stablecoins pegged to the Singapore-dollar – StraitsX, announced the launch of a stablecoin denominated by the Indonesian Rupiah dubbed XIDR. Indonesia is one of the fast-growing crypto hotspots in the Asia region. A media outlet, Jakarta Post, reported that there are more cryptocurrency investors in…
It is no longer news to the cryptocurrency world that the CEO of Tesla and SpaceX who also doubles as the planet’s wealthiest man, Elon Musk, recently declared that his electric car company, Tesla, will start receiving payment using the dogecoin meme cryptocurrency. Elon Musk’s announcement contributed immensely to the upsurge of the dogecoin movement…
Fidelity Charitable’s current year’s donations in digital assets have reached four times above the former record made in 2017. Fidelity Charitable (the United States’ largest grantmaker) is reported to have crashed all of its previous records regarding crypto donations acquired by the institution. After the 2021’s start, the company has adopted almost $274M in virtual…
There are diverse opinions and views as regards the Tuesday meeting of the United States Senate ad-hoc Committee on Banking, where the legislature will look into the control and regulation of Stablecoins. The meeting will, among other things, consider the pros and cons attached to the issuance of stablecoins to users as well as the…
Bloomberg Intelligence (BI) disclosed its outlook for the cryptocurrency market next year. The senior analyst at Bloomberg Intelligence, Mike McGlone, revealed that they predict that the United States will adopt digital assets and the necessary regulatory framework to boot. He added that the adoption is driven by the blanket ban in China of cryptocurrency mining…
There are several aspects of Ripple Labs and SEC lawsuit that does not make a lot of sense. However, the crypto community has been dependent on hearing from media outlets about the latest development in the case. Fox News reports promised the public to issue a detailed report on the matter to clarify all that…
Ripple (a blockchain-based protocol for payments) disclosed intentions regarding the launch of a venue for financial organizations to acquire digital assets out of the huge crypto market as a means of expediting an evolution in the sector. Ripple mentioned via a blog post published on Tuesday that although there are several exchanges backing liquidity via…
A New South Wales senator in Australia, Andrew James Bragg, recently admitted that the enthusiasts of crypto across the nation are becoming eager to acquire regulations regarding their operations in Australia. He stated that that, according to his perception, the country will develop transparent crypto regulations during the coming 12 months. Mounting demand for crypto…
Amid regulatory concerns and the controversial news of Dogecoin wallet mishap, an anonymous whale trader moved a large number of coins to the popular centralized exchange Binance. While many traders decide to store their coins in cold or hot wallets, an XRP whale decided otherwise to move a massive volume amounting to 40 Million. Analyzing…
Crypto adoption is on the rise; these are not the financial institution or technical enterprises that are now loathing for crypto; on the other hand, this is the mainstream media around the globe have come out in support of cryptocurrencies and the idea of decentralization. A recent report is that the son of Will Smith,…
Solana crushed a new milestone on Tuesday as it continues its amazing performance in the market that has seen it become one of the most valuable blockchains in the industry. Solana’s native token, ADA, has reached new all-time high prices, just a little over a full week after setting a previous all-time high record. The…
During a recent podcast, the CEO of IOHK, Charles Hoskinson, stated his concern about the progress of financial development, saying that America could fall behind other major or minor countries if it doesn’t do something about the strict regulations applied to cryptocurrencies. Charles Hoskinson was a part of a very recent episode of the COINs…
Terra nears $50 as bulls appear ready for another discovery mode. Fantom rallies to new ATHs past $2 despite the overbought scenario. Cryptocurrencies in the market seem to slow down after the remarkable upswings since Friday last week. For example, Bitcoin surged to near $56,000 before retracing to hover at $53,000. Also, Ethereum encountered rejection…
The changes applied to the cryptocurrency regulations in South Korea have forced almost two-thirds of the country’s crypto exchanges to be scheduled for shut down soon, leaving investors with huge losses. In regards to the announcement made by South Korea’s Financial Commission, all local and international cryptocurrency exchanges have been advised to register themselves as…