In the last several weeks, the price of XRP, Ripple’s native cryptocurrency, has been under extreme market pressure. On Tuesday, however, XRP’s value unexpectedly rose by 5% as rumors of a settlement in the Ripple case began to circulate. Furthermore, the information shows that crypto whales have traded a significant
The governor of Morocco’s central bank, also known as Bank Al-Maghrib (BAM), Abdellatif Jouahiri, has said that the country’s proposed bill on cryptocurrency is complete and would soon be given to interested parties. Jouahiri, purportedly speaking at a news conference. Stressed that the proposed law’s goal is to safeguard investors
Crypto miners were at risk due to the lengthy downturn market that was compounded by a slew of major disasters. Defaulted loans, quarterly losses, and record-breaking increases in Bitcoin hashrate were just a few of the problems miners were experiencing. There was selling pressure as a result of all these
ApeCoin (APE) and Axie Infinity (AXS) are two of the metaverse and gaming-related cryptocurrencies that have had price increases of roughly 6% in the previous 24 hours. Data from CMC shows that APE is up 6.4% to $3.94. AXS is up 6.7% to $6.40, and SAND is up 6.1% to
Allnodes is a company that offers hosting and staking services but does not hold user funds, hence they have published an endpoints suite called PublicNode. Endpoints for DApps developed on Terra Classic network, Ethereum, Polygon, Avalanche, and Evmos will be made available through PublicNode. This next action will aid the
In an interview broadcast on CBS on Sunday, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), discussed the IMF’s outlook for the economies of the United States, the European Union, China, and the globe. She stated: “This is what we see in 2023. For most of the world
Nikolay Shulginov, Russia’s Minister of Energy, has acknowledged the growing demand for energy from cryptocurrency miners in certain regions of Siberia. Media agencies covering cryptocurrency said that he said that more power plants may be needed to accommodate demand. Although Shulginov did not provide details. It is evident that the
Russia’s interim leader between Vladimir Putin’s two terms as president Dmitry Medvedev claims that the Bretton Woods monetary system will collapse next year, bringing down the International Monetary Fund and the World Bank with it. This week, he shared his predictions for the year 2023 in a series of funny
To prevent a devaluation of the bolivar, the Venezuelan government plans to monitor P2P cryptocurrency transactions. On December 20th, Venezuela’s banking watchdog Sudeban said that, with the support of Sunacrip, the country’s cryptocurrency regulator, it is developing a system to monitor financial transactions in real-time. While specifics were lacking. The
This past Thursday, the Reserve Bank of India (RBI), India’s central bank, published its monthly Financial Stability Report (FSR) for the month of December. The 172-page report touches on topics including blockchain-based assets, CBDCs issued by governments, and decentralized finance (DeFi). The RBI report acknowledges the difficulty of attempting to
