Sat, May 17

Ripple Seeking Regulatory Approval in the Republic of Ireland

Recently, it was announced that XRP token issuer Ripple Labs is applying for permission from Irish regulators to join the European market. Ripple has plans to apply for an electronic money license once it secures a virtual asset service provider (VASP) license. According to Ripple’s announcement, the company has already

November 18, 2022 2 mins read

Luna Foundation Guard (LFG) Releases Third-party Audit Report

In order to give complete transparency regarding assets and attempts to repeg TerraUSD (UST), the nonprofit organization Luna Foundation Guard (LFG) that manages the UST algorithmic stablecoin issued a technical audit. LFG seeks to address all claims involving misused money, insiders, holdings cash in other wallets, and monies blocked. A

November 17, 2022 2 mins read

Nearly 500 Million XRP Bought by Whales Post Amicus Brief Grant

After the cryptocurrency exchange Coinbase was granted approval after submitting an amicus brief in favor of the defendants, the price of Ripple’s native token, XRP, spiked. More amicus briefs have now been filed in support of the Summary Judgment motion. Because of this, whales have been increasing their holdings of

November 16, 2022 1 min read

USDC Stablecoin Issuer Circle Introduces Support For Apple Pay

Circle, the issuer of the USDC stablecoin pegged to the US dollar, has introduced support for Apple Pay in an effort to bring the crypto and conventional payment systems closer together. In a blog post published on November 15th, Circle made the news and projected that it may increase sales

November 16, 2022 2 mins read

Federal Reserve Bank of New York Launches CBDC Pilot Program

The dilemma around cryptocurrency is increasing, and the use of Central Bank Digital Currency “CBDC” is surging on more countries’ soil. To weigh this, New York has now been added to the list of the famed states that have been launching CBDCs. The Innovation Center of the Federal Reserve Bank

November 16, 2022 1 min read

Ripple Rises Payment Options to Africa Alongside Us Regulatory Pressure

Ripple has teamed with MFS Africa, a leading fintech company with the largest mobile money reach in Africa, to streamline real-time mobile payments for its consumers across 35 nations. To facilitate transactions on its platform, MFS Africa will leverage Ripple’s on-demand liquidity product ODL, which uses XRP to support international

November 16, 2022 1 min read

Sam Bankman-Fried Affiliated Crypto Tokens Massively Soar Up

The entire crypto industry is gossiping about everything related to Sam Bankman-Fried’s FTX. Also, the global crypto community and regulator bodies are constantly keeping a close eye on the bankrupt FTX and its trading company Alameda Research. In the aftermath of the crypto exchange collapse, the overall cryptocurrency market witnessed

November 15, 2022 2 mins read

Ethereum Co-founder Vitalik Buterin Reportedly Sold 3000 ETH

Reports surfaced over the weekend that Vitalik Buterin, co-founder of Ethereum (ETH), liquidated a large quantity of ETH tokens. Vitalik’s transactions, according to a wallet tracker, occurred around the time of the major FTX crypto exchange breach. According to MistTrack, Vitalik traded roughly 3,000 ETH for around $4 million USDC.

November 14, 2022 1 min read

Russia’s VTB Bank Adds Digital Ruble To Banking App

Among Russian banks, VTB Bank is the first to design a prototype that would let customers utilize the digital equivalent of the country’s fiat currency to fund accounts and make transactions using the bank’s mobile app. The bank’s press service indicated that in 2023, certain customers will be given the

November 14, 2022 1 min read

Dogecoin Rallies 10% After Elon Musk’s Mention on Twitter Space

Dogecoin (DOGE) had a little price increase when Tesla CEO Elon Musk mentioned it. In an interesting twist, the new Twitter boss declared “Dogecoin (DOGE) To The Moon” at his Twitter space on Saturday. Musk made the remarks in a Twitter space created by Mario Nawfal, the Founder of the

November 12, 2022 1 min read