Fri, February 7

ETH Whale Wallet ‘Bonobo’ Acquires $3.2M APE

Bonobo wallet buys $32 million worth APE.  Translates APE as the most widely traded token on ETH blockchain. APE is down by more than 19% due to the market crash. Ever since the launch, the ApeCoin (APE) has been quite actively making major break-outs and headlines in the crypto industry.

May 7, 2022 2 mins read

Argentina Banks To ‘Call A Halt’ To All Crypto Operations

The IMF provided a fund facility of $45B to Argentina in May 2020. In March, the monthly inflation rose up to 6.7% in Argentina. Argentina’s inflation rates are spiking up at an alarming rate. As reported by INDEC, its national statistical agency, the inflation rate reached an all-time high at 55.1%.

May 7, 2022 2 mins read

Mining Capital Coin CEO Accused of $62M Cryptocurrency Scam

Crypto mining and trading were not the focus of Mining Capital Coin’s investments. Last week, a South Korean crypto exchange chief executive was detained. The U.S. Department of Justice has accused Luiz Capuci Jr., Mining Capital Coin CEO, of organizing a huge cryptocurrency fraud operation. Charged with many felonies, including

May 7, 2022 1 min read

Binance CEO CZ Calls Crypto Safer Than Fiat

Based on analytic data showing a tiny fraction of illegal adoption, Binance CEO and founder Changpeng “CZ” Zhao believes that cryptocurrencies are safer than fiat money. Crypto is safer than fiat. Chainalysis: Transactions involving illicit addresses represented just 0.15% of cryptocurrency transaction volume in 2021. United Nations: estimated money laundered

May 7, 2022 2 mins read

SEC Raises Hopes by Approving Valkyrie’s Bitcoin Future ETF

In accordance with the 1933 Act, Valkyrie is said to have submitted this application. Michael Sonnenshein was certain that he would get a green light this time. Despite displaying some acceptance of cryptocurrencies, authorities have yet to warm up to the items that surround these digital currencies. For a long

May 6, 2022 1 min read

BIS: 95% of World Central Banks Into CBDC

BIS initiates a survey of central banks.  Approximately 95% of central banks are into CBDC. The next two years will witness the launch of numerous CBDCs. Once apparently neglected, criticized, and ridiculed, the crypto and Bitcoin (BTC) industry have come a long way. However, even a few years back, the

May 6, 2022 2 mins read

New Analysis Report Reveals XRP Could Reach $2.55 by the End of 2022

At its current price of $0.6054, XRP has fallen by 84% from its ATH of $3.84. A panel of 36 industry professionals was consulted for the analysis. The XRP price began the day on a more critical note, but it could not hold on to the gains. With a sudden

May 6, 2022 2 mins read

Will StreamCoin (STRM) Hit $3 Following Recent Developments?

StreamCoin (STRM) is a Binance Smart Chain-based governance token. Proof of Stake Authority (PoSA) consensus technique is used, a combination of Delegated Proof of Stake and Proof of Authority. On February 1st, StreamCoin began its ICO (initial coin offering) at a starting price of $0.9. StreamCoin is designed to enhance

May 6, 2022 2 mins read

Luna Foundation Guard (LFG) Adds 37,863 Bitcoin (BTC) to its Reserves

LFG currently possesses almost $3.5 billion worth of BTC. Luna Foundation Guard aims to gather up to $10 billion in Bitcoin. Luna Foundation Guard (LFG), a Terra Luna-affiliated Singapore-based Non-profit organization, has collected an additional $1.5 billion to add to its already sizable Bitcoin (BTC) reserve. Using the funds raised,

May 5, 2022 1 min read

Binance Pours in $500 Million Into Elon Musk Led Twitter Purchase

Elon Musk obtained a record $7.14 billion in money to purchase Twitter. Musk had to acquire $21 billion in equity to complete the acquisition. Over the last several weeks, Elon Musk’s Twitter takeover has been extensively discussed. Musk has been in the news for various reasons, including rumors about what

May 5, 2022 1 min read