Tue, March 19, 2024

Cryptocurrency

XRP and regulations

XRP 2024: -22.5% Monthly Dip, +22.4% Yearly Rise

Quick Look XRP experiences a market correction entering 2024, with a monthly decline of -22.5% but a yearly increase of +22.4%. Since its inception in September 2013, a $100 weekly investment in Ripple tokens could have grown to $1.44 million, marking a +2564% growth. Legal battles, including the SEC lawsuit, influence XRP’s market performance, with …

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Is Bitcoin a hedge Contra Inflation?

Bitcoin Dips 0.27%, ETFs Surge with $600M Inflows

Quick Look Bitcoin slightly declined by 0.27%, closing at $49,710 after a previous rally. U.S. annual inflation rate decreased to 3.1%, with core inflation remaining at 3.9%. Bitcoin-related ETFs saw varied net flows, with iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund witnessing significant inflows. Ethereum shows bullish signs, trading above key EMAs with …

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ETF Inflows Soar, Regulators Act, Crypto Mines Buzz

At a Glance BlackRock’s Bitcoin ETF garners $3.9 billion in inflows, making a historic mark in the U.S. ETF arena. Fidelity’s Bitcoin ETF follows closely with substantial $2.51 billion inflows. Ripple faces regulatory scrutiny, ordered to produce financial documents in an ongoing SEC lawsuit. Bitcoin miners’ reserve outflows signal a strategic shift ahead of the …

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Cryptocurrency and illegal activities

Ripple Receives Major Payment Institution License

Ripple Receives Major Payment Institution License In a significant development for the cryptocurrency market, Ripple, a prominent player in the digital payments realm, has recently announced that it has received in-principle approval of a Major Payment Institution License from the Monetary Authority of Singapore (MAS), the country’s central bank. This authorization is of great importance …

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bitcoin

IMF’s Digital Asset Regulation Action Plan Unveiled

The IMF Board of Directors considered the research “Elements of Effective Policies for Crypto Assets” (“Elements of Effective Policies for Crypto Assets”), which gave IMF member countries insight into what might be an appropriate legislative response to crypto assets, writes Reuters. Following the collapse of numerous crypto exchanges and assets in the past few years, …

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Sec Chairman: United States Securities and Exchange Commission entrance architecture modern building closeup sign, logo, glass windows.

Bitcoin’s Recovery Doubtful Amid Challenging Market Data

Bitcoin’s recent bounce-back from the $25,500 support level on June 6 has showcased its resilience. However, market data from derivatives suggests that surpassing the $27,500 mark will not be an easy feat for the crypto. Challenges Ahead for Bitcoin’s Price Surge (approx. 70 words): Despite the quick recovery, the path to breaking above $27,500 appears …

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dogecoin

Time to Consider Selling Shiba Inu? Exploring the Potential of Pikamoon

  In the realm of crypto investing, being an early bird often leads to substantial rewards. To make significant gains, access to accurate information and flawless execution is crucial. The SHIB community knows this well, with the early adopters reaping the benefits of their investments in Shiba Inu when it was initially launched at a …

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crypto

UK on the ‘impractical’ US crypto policy

The United States is dragging its feet on crypto policy. Besides, the industry participants hope the United Kingdom will not follow suit and become a crypto Grinch. That’s according to Andreessen Horowitz (a16z), one of the most active investors in the Web3 industry. The corporation is concerned that the US is suffocating crypto. That puts …

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FTX Fiasco - Lessons to Be Learned

FTX Fiasco – Lessons to Be Learned

Many investors were taken aback by the recent collapse of the cryptocurrency exchange FTX. This left customers waiting for answers about an equivalent of $1 to $2 billion in missing money. FTX is currently in bankruptcy protection. Experts believe there are important lessons for cryptocurrency investors as the company’s future — and probes into the …

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Bitcoin price decrease

The FTX Hack Leads to Crypto Collapse

During the weekend, crypto industry got “dirty” when FTX and its US subsidiary FTX US were hacked. Hundreds of millions of dollars were stolen from the exchange’s wallets. After sending $405 million to the wrong recipient, crypto exchange Crypto.com has come under fire. This alarmed crypto enthusiasts as the whirlwind of this week’s collapse of …

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Crypto

Instability Across Major Stablecoin

Major stablecoins were volatile due to market volatility and increased redemptions. Almost all major stablecoins lost value against the US dollar during the FTX scandal but mostly recovered as the market stabilized. This week’s drop in cryptocurrency prices is just a symptom of the infection from FTX. The stablecoins have been exposed to significant market …

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FIFA 2022 & Crypto.com – The Game Never Witnessed Before

Undoubtedly, the FIFA World Cup is the world’s biggest sporting event right after the Olympics. While the biggest companies strive to put their names around the arena, this year, FIFA chose Crypto.com as its main sponsor. Due to this decision, an audience of 4 billion people will gaze their ears and eyes towards the crypto …

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Twitter & Crypto – What Does the Future Hold?

The year 2022 has not been that of crypto billionaires’ favorite. But the $44-billion Twitter takeover by Elon Musk has made it look promising as it’s nearing its end. Even as a speculation, the Musk-Twitter extravaganza has birthed aspects of crypto-integration into one of the most famous social networks. While the deal sparked debate and …

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