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Ripple Labs has finally unveiled its RLUSD stablecoin, a dollar-pegged asset. The stablecoin is now live on some major global exchanges. In a post on X, Ripple emphasized that the stablecoin built for everyone offers fiat currency stability while leveraging blockchain technology. Features and Financial Implications of RLUSD RLUSD will function on two networks simultaneously…
President-elect Trump met with crypto industry leader Kris Marszalek to prepare an order for a Bitcoin reserve in a bid to strengthen the U.S. financial landscape. Kris Marszalek, Crypto.com CEO, met Donald Trump at Mar-a-Lago on Dec. 16 to talk about the proposed crypto-related appointments within the financial departments and Congress. They also discussed drafts…
Singapore, Singapore, December 18th, 2024, Chainwire Moai Finance, a leading decentralized exchange platform on XRP Ledger, today announced the launch of version 2.0 of its cross-chain DEX aggregator. This new release introduces enhanced functionality and improved cross-chain capabilities, with upcoming support for EVM sidechain integration. In a notable development, Moai Finance has been selected as…
[PRESS RELEASE – Kingstown, St. Vincent and the Grenadines, December 17th, 2024] MINGO, a digital wallet built on the Hedera Hashgraph network, introduces an NFT-based Programmable Digital Ticketing (PDT) system to innovate the ticketing industry. By addressing critical issues such as fraud, scalping, and resale inefficiencies, MINGO delivers a secure and transparent solution trusted by…
8h05 ▪ 3 min read ▪ by Eddy S. In December 2024, a landmark event shook the investment world: Bitcoin exchange-traded funds (ETF) surpassed gold ETF in assets under management (AUM) in the United States. This achievement is all the more impressive considering that Bitcoin ETF were only launched in January 2024, while gold ETFs…
Join Our Telegram channel to stay up to date on breaking news coverage With growing institutional interest and positive cryptocurrency investment flows, Ethereum’s market potential looks promising. Sean Farrell from Fundstrat highlights favorable macroeconomic conditions supporting digital asset investments. Ethereum’s integration with traditional finance suggests increasing confidence from institutional market participants. ETF flows, and evolving…
FLIES Daily Combo 18 December 2024: Play to Earn Game What is the FLIES Daily Combo 18 December 2024? The FLIES Daily Combo is a daily event designed to keep players engaged and motivated. Every day, a new code is introduced, giving players the opportunity to Play to earn exclusive in-game items, boosts, tokens, and…
In order to facilitate the conversion of cryptocurrency to travel loyalty points, Crypto.com today announced a collaboration with ALL, Accor’s loyalty program and booking platform. Users may now convert cryptocurrency to reward points straight from the Crypto.com App thanks to a market-first cooperation with ALL. With over 5,600 hotels globally, the program will first be…
Binance has resolved a data glitch that affected the Pudgy Penguins PENGU token listing and caused discrepancies in market data. The issue stems from a delay in updating token information by CoinMarketCap, affecting the token’s market capitalization and fully diluted valuation. However, the platform swiftly addressed the situation and announced a 135 million PENGU token…
It recently became known that the stablecoin Ripple USD (RLUSD) from the eponymous San Francisco crypto company has been officially launched. The stablecoin will work on two networks simultaneously — at least that is the plan now. Those two networks are Ethereum and, of course, Ripple’s “native” ledger, XRP Ledger (XRPL). All users can already officially interact…
Ted Hisokawa Dec 18, 2024 06:58 The Hong Kong Monetary Authority announced results from the tender of six-month RMB Bills by the People’s Bank of China, held on December 18, 2024. The Hong Kong Monetary Authority (HKMA) has announced the results of the tender of six-month RMB…
The Income Tax Appellate Tribunal, or ITAT, in Jodhpur, India, has ruled that profits from crypto sales prior to the introduction of the Virtual Digital Asset, or VDA, regime in 2022 are to be treated as capital gains. The decision classifies crypto, including Bitcoin, as capital assets, resolving ambiguity that previously surrounded crypto taxation. The…
Crypto exchange Bybit will cease withdrawal and custody services for French users starting Jan. 8, 2025, citing regulatory changes, urging users to withdraw assets promptly to avoid disruptions. Bybit to End Withdrawals in France Bybit, a global cryptocurrency exchange, has announced it will no longer provide withdrawal and custody services to users in France, starting…
The start of the week was extremely bullish, as the Bitcoin price broke out of consolidation and surged above $107,700, forming a new ATH. This triggered a massive bullish wave across the markets, with more altcoins gaining strength and printing huge bullish candles. Meanwhile, the other cryptos within the top 10, like ETH, DOGE, ADA,…
Notcoin has launched a new reward scheme for its community while Floki’s viral Visa debit card is also live now. Meanwhile, Rollblock is dominating the DeFi market with its viral GambleFi project and is poised for 880% gains before the end of its presale stages. Notcoin (NOT) Goes Viral After Launching New Reward Scheme Notcoin’s…
MicroStrategy, led by Michael Saylor, has become a key player in using Bitcoin, holding 439,000 BTC worth about $46.92 billion, making up over 2% of Bitcoin’s total supply. The company is using debt and equity to buy Bitcoin, which is different from usual corporate finance methods. MicroStrategy recently raised $1.5 billion by selling shares and…
Cynthia Lummis sees Bitcoin as key to U.S. fiscal reform, proposing a Bitcoin reserve to cut debt and strengthen the economy. Ex-PayPal exec David Sacks joins as “Crypto Czar,” driving federal crypto policy and fostering Bitcoin adoption. Lummis’s strategic Bitcoin reserve aims to bolster the dollar, fight inflation, and save billions via innovative fiscal strategy….
Bitcoin continues to garner significant interest as it breaks through key resistance points, setting its sights on a notable target of $130,000. This ambitious goal is backed by Fibonacci analysis, which highlights the potential for further price increases. What is Bitcoin’s Next Major Target? Bitcoin enthusiasts are closely monitoring its price movements, particularly the Fibonacci…
December 18, 2024 at 10:20 AM GST updated: December 18, 2024 at 07:24 AM 2 mins read News Fantom targets $3.0053 after a strong breakout and rising bullish momentum. Reduced selling pressure boosts buying interest, signaling potential gains toward $5.79. Analysts expect new highs by 2025 as Fantom maintains an upward trend. Fantom (FTM) has…
The meeting with Trump coincided with Crypto.com’s decision to drop its lawsuit against the SEC in an attempt to align with the incoming administration. Meanwhile, Ohio also proposed a Bitcoin reserve bill after similar initiatives in Texas and Pennsylvania. President Biden backed a congressional stock trading ban after scrutiny over lawmakers’ crypto holdings, while SEC…