The past seven days have witnessed a resurgence of sorts in the crypto space as Russian tanks invade Ukrainian cities. The cryptocurrency world experienced a sharp drop to about $35,000 some 8 days ago before a resurgence to about $45,000 recently with hopes of high activity in the crypto market because of the sanctions imposed […]
While the entire crypto market is struggling to come to terms with the sudden crash in price after an initial market recovery in the last couple of days, ANC recorded a positive performance. It appears that the Anchor Protocol (ANC) token is not subjected to the same market movement as others, as its price surged […]
It’s been over a week of crisis and uncertainty between Russia and its neighbor, Ukraine. Banks, especially in Ukraine, cannot provide financial services due to the conflict; hence, citizens must seek help to meet their daily financial needs. As a result, the traditional banking institutions cannot carry out their standard functions. Even the Russian currency […]
The United Arab Emirate is leading the race to become the top blockchain technology hub in the Middle East following huge infrastructure investment and friendly policies toward attracting decentralized blockchain firms to the region. UAE is now becoming the focal point for interested individuals and companies to venture into new territories to expand their cryptocurrency […]
A South African cryptocurrency exchange company is looking to expand its operation within Africa, and beyond following the massive funding, it raised from venture capitals. The crypto exchange, VALR, is Africa’s leading digital currency player. It has increased its valuation to $240 million following its success in raising $3.4 million in a Series A funding […]
The Russian military offensive in Ukraine did not surprise many because Russia has been threatening to deal with Ukraine’s decision to host a foreign military post in its territory for some time now. Following Russia’s attack on Ukraine on the 24th of February, NATO and its allies have been planning to slam extreme sanctions on […]
The tiny Pacific nation of Tonga has revealed plans to recognize BTC as a legal tender before Q3 2022. A member of the nation’s parliament, Lord Fusitu’a, revealed that Tonga would follow El Salvador’s BTC playbook of four steps in adopting BTC as a legal tender. Following El Salvador’s 4-Step Plan The four steps in […]
The emergence of cryptocurrency led to a rapid change in transactions in the financial sector, giving rise to a stage where digital transactions are gradually replacing conventional financial transactions. Over the years, there have been calls from some individuals and groups about the operation of cryptocurrency, particularly Bitcoin, and its effect on the environment due […]
When the cryptocurrency market was experiencing the usual fluctuations associated with the marketplace, with prices crashing and investors gasping for air to survive the brutal market force, there is always something to look out for in all these. In the ongoing price disruption in the market, crypto tracking firms observed large wallets moving huge XRP […]
ZKsync, a ZK roll-up solving Ethereum scalability with zero security compromises, has announced the deployment of its roll-up protocol on the ETH test-net was successful. The Excitement In The Ethereum Community ETH advocates are excited about this development since transactions can be validated without human influence. The deployment comes nearly 12 months after the creators […]
As they look to enter the growing NFT market, blockchain network platforms are increasingly becoming an attractive ecosystem for established businesses involved in various service delivery methods. One of the most famous fashion companies globally, Dolce & Gabbana, has revealed its plans to expand its already established NFT collection on the Polygon blockchain after establishing […]
XRP wallet addresses with at least 10m tokens have purchased about 900m XRP tokens (valued at about $710m as of this writing) between last December and this month. It is the second time such massive accumulation has taken place in the last half a decade. Santiment Data Reveals It All Data from the on-chain analytics […]
The second biggest stable coin globally, USDC, has been enjoying a relatively meteoric rise in market valuation over the last few years. February 1 has been the most monumental for stablecoin as it surpasses $50 billion in market capitalization. Circle Inc., the creator of the USDC, is reported to have minted up to 100 billion […]
British Virgin Islands-based crypto trading platform, Bitfinex, has revealed that its users can now trade the GBP, and JPY against the USDT and the GBP/EURt. Part of the announcement which was issued today stated that the goal of these additional margin trading services is to expand its stablecoin offers and more importantly, meet with customers’ […]
The on-chain activities in the Cardano network have coincided with new addresses increasing by 167% for the Cardano blockchain network. The reported increase arises from a flurry of activities that the Cardano network has experienced. An analyst reported Cardano’s growth was due to increased on-chain activities on the Cardano blockchain network. Ali Martinez revealed that […]
The United Kingdom’s Financial Conduct Authority (FCA) has expressed its reservations about the recent partnership between Paysafe and cryptocurrency trading platform, Binance. The FCA did not support the latest deal following the previous incident in July 2021, when Binance failed to access the sterling payment network, paving the way for Paysafe to strike a deal […]
Early in the year, the cryptocurrency market took a hit, with many fearing for the worse following the slump, but things are beginning to shape the industry, which signals a ray of hope for investors and fans alike. Analysts from the financial and data company, Bloomberg, have given their expert opinion on the possibility of […]
Bitcoin price takes another jab at weekly supply territory, extending between $45,550 and $51,860. Ethereum price should steady beyond the 50-day Simple Moving Average at $3,070 for stable uptrends. Ripple contemplates a preemptive bullish rally as bears couldn’t take XRP lower. Bitcoin (BTC) price appears prepared for another upswing as the coin recover from the […]
A non-partisan group in the US legislature recently proposed a new bill titled “virtual currency tax fairness act.” Highlights Of This New Bill The bill’s primary objective is to make it easy for crypto holders to settle their taxes. Hence, the government can make profits (albeit small) from those who aren’t paying tax on their […]
The cryptocurrency industry is experiencing rapid growth and development with the way it has become mainstream and acceptable by individuals and various businesses, making it an attractive investment destination. Investors are now readily available to stake their money wherever they think will give them profits, and cryptocurrency is one of these. Even renowned stock market […]
