The central bank of Russia will ensure that the digital ruble they are developing will be available for use by non-residents and would also be convertible into digital currencies. The regulator has reiterated its concerns about the risks pertaining to currencies in a document that’s aimed at digitalizing the Russian financial sector and said that…
Microstrategy proves itself to be the firm believer in Bitcoin as it has been buying more and more Bitcoins and, in recent times, has bought 1,434 BTCs making its Bitcoin holding grow into 122,487 in total. The total worth of Microstrategy’s Bitcoin holding is now exceeding US$ 6 Billion literally. With every dip, there comes…
Briefly – Shiba Inu seems to prepare a 30% upswing as the meme coin approaches a critical resistance line. Rising past $0.00003520 might see an impressive upward release for the coin. However, SHIB should battle multiple hurdles before reaching its bullish target. Shiba Inu’s (SHIB) price has displayed few clues on its directional intentions as…
In the last 14 days, the price of DFI has increased greatly. Stats suggest this will continue upwards with value gains above 60%. At least three major aspects were aiding DFI system directly in garnering further and improved attention. The Decentralized Finance (DeFi) sector has been providing DeFiChain Technology for more entities and people to…
Blockchain data intelligence outlet, Chainalysis, will integrate a support platform for L2 Lightning protocol, in its framework for Bitcoin leveraged blockchain network, early next year. In its press release earlier today, Chainalysis has announced to the general public that it aims to leverage L2 lightning Network protocol for its next round of system upgrades, which…
According to Nigerian cryptocurrency and blockchain experts, most of the people will only consider using the e-naira, once the country’s central bank makes enough effort to make the CBDC an attractive currency to use. The Central Bank of Nigeria (CBN) recently made claims that majority of the people in the country of about 200,000 residents…
The value of DFI is surging exponentially, particularly within the last 14 days, and statistics suggest that it will continue to improve further even after gaining value gains above 60%. For the technology of “distributed ledgers”, Decentralized Finance (DeFi) sector has been providing a very distinct usage called “DeFiChain (DFI)”. Because of this distinct usability…
Polygon Technologies has announced its purchase of Mir for $400 million in MATIC tokens. Mir, a scaling solutions firm focused on solving the zero-knowledge conundrum, has changed hands, according to Polygon’s announcement on Thursday, December 9. The L2 scaling protocol Polygon revealed during its zero knowledge virtual conference that it has purchased Mir, for a…
Credit dispensing firm, Tribal Credit, has liaised with Bitson and Stellar Development Foundation (SDF) to develop a transboundary payment gateway that leverages the Blockchain network for companies based in North America. The gateway is geared towards making it less cumbersome and less costly for small and medium business enterprises in the North American Continent to…
Florida as of now, is the first state in the U.S to radically adopt blockchain leveraged technologies to multiple sectors of its economy. In the announcement of the year 2022 budget for the Florida State, coined “Freedom First Budget”, state governor Ron DeSantis, confirmed that the 2022 budget totaling a sum of $99 billion was…
As the crypto market remained calm, several digital coins flashed lucrative recovery signals. XRP recorded a double-digit gain within the last 24 hours after the alt crossed 38.2% FIB level. On the other part, EOS witnessed corrections as bulls struggled. Meanwhile, SHIB presents a brief bearish outlook. Ripple (XRP) XRP crossed 38.2% FIB hurdles after…
ArchAngel Token (ARCHA) is one of the latest community-driven tokens that have been launched into the cryptocurrency sector. These tokens are expected to grow tremendously big in the upcoming months. The developers at ArchAngel Token already have the roadmap set out for them. They also have a plan for how they would incorporate their ARCHA…
Binance wants to serve its customers from the United Kingdom and for doing so it has decided that it has to completely overhaul its existing UK platform for making it a fully licensed and regulated crypto trading platform in the UK. The world’s largest international crypto trading company, Binance has eventually decided that it needs…
The cryptocurrency industry is enjoying a high level of success, with investors swarming to the industry in large numbers, but lack of appropriate regulations have effectively stymied the industry’s growth. The ‘fair’ regulation of cryptocurrencies is a discussion that is considered very important, as it goes a long way in determining the further development of…
Charlie Munger has once suggested that Bitcoin is a “rat poison” and therefore people should keep their distance from it. He is now applauding the action taken by China against cryptocurrencies at its domestic level in which China has now completely separated itself from privately issued cryptocurrencies as well as their mining. It was expected…
After Tuesday’s mixed sessions, Bitcoin requires a move past $51,500 to expose levels past $53,000. In this Bitcoin’s technical analysis, we will evaluate price actions from yesterday and today, Fibonacci’s, pivot levels, resistance, and support. Moreover, we will explore the global market moves and any vital market drivers. Bitcoin’s Yesterday Price Moves Bitcoin (BTC/USD) surged…
Sberbank, a Russia State-owned bank is trying to roll out its decentralized digital asset and tools issuance platform, but has repeatedly failed to obtain regulatory approval. Sberbank of Russia is Russia’s largest bank and a leading global financial institution. The bank is seemingly finding it difficult to secure a viable license and get regulatory approval…
Dogecoin price grapples with trading range’s midpoint near $0.178, targeting further upsurges. Investors may expect the meme coin to overcome the barrier at $0.197 before running towards the $0.22 obstacle. On-chain metrics display bullishness as they flash high networth individuals entering at the current price levels. Dogecoin has its price attempting to rise past the…
The data from one of the major on-chain data analyzing firms suggest that among the newly-listed cryptocurrencies, the worst-performing cryptocurrency is Creaticles (CRE8). The data acquired through the platform suggests that the Ethereum blockchain-listed NFT token has experienced a 56.20% plunge in the past 24-hours. Moving further, the price for CRE8 has plummeted by 40.17%…
After a bearish mode for top currencies last week, cryptos need to overpower week’s pivot zones to prevent another red week. Bitcoin BTC/USD lost 13.7% during the week ending 5 December. BTC ended the week hovering at $49,474, following a 2.29% dip over the previous week. Unpredictable sessions early on the week had Bitcoin rising…
