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BRICS Currency Not on Agenda for Leaders’ Summit — Nations to Focus on De-Dollarization

July 23, 2023 0

The heavily anticipated BRICS currency is not on the agenda to be discussed at the economic bloc’s upcoming leaders’ summit, according to South Africa’s diplomat in charge of BRICS relations. He clarified that the BRICS members will focus on de-dollarization and promoting the use of national

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SEC Says XRP Ruling in Ripple Case ‘Wrongly Decided’ — Signals Appeal

July 22, 2023 0

The U.S. Securities and Exchange Commission (SEC) has told a federal court that some portions of the Ripple ruling regarding XRP “were wrongly decided.” The regulator has asked the court to ignore parts of the ruling, noting that “SEC staff is considering the various available avenues for further review and intends to recommend that the […]

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Nigerian Social Payments Platform Bundle Ceases Crypto Exchange Operations

July 22, 2023 0

The Nigerian social payments platform Bundle said on July 20 it was shutting down its crypto exchange services business and will now focus on its peer-to-peer platform known as Cashlink. Bundle said users must withdraw or convert their digital assets to the stablecoin tether on or before Aug. 30. Bundle Says Transition Period Is to […]

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Charting Bitcoin’s Predictable Course: A Comprehensive Review of the Next 29 Reward Halvings

July 22, 2023 0

In under 280 days, Bitcoin’s blockchain will undergo its fourth reward halving event, slicing the block subsidy from 6.25 BTC to 3.125 BTC. The crypto community is abuzz with chatter, contemplating how these substantial decreases in block rewards will transpire over the ensuing two decades, and speculating on how miners will cope with the impending […]

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Canadian Police Warn of Surge in Home Invasion-Style Robberies Targeting Affluent Crypto Investors

July 22, 2023 0

Canadian law enforcement reports that affluent cryptocurrency investors have become targets of home invasion-style robberies. Both Delta Police and Royal Canadian Mounted Police in Richmond have issued warnings after having dealt with multiple robberies involving prominent cryptocurrency investors over the past year. Wealthy Crypto Investors Become Targets in Canada Over

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Ethereum Targets $2,000 Bounce: Santiment Predicts August Rally Amid ‘Eerily Quiet’ Market

July 22, 2023 0

Nestled in the second position of the cryptocurrency market cap hierarchy, ethereum (ETH) currently trades below the $1,900 per unit mark. However, the industry experts at Santiment predict a bullish upturn, indicating that the digital asset might claw its way back to the $2,000 territory in the coming month. In Santiment’s view, ethereum is reveling […]

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Biggest Movers: TRX Surges to 20-Month High on Saturday

July 22, 2023 0

Tron was one of the notable movers on Saturday, as the token broke out of a key resistance level to start the weekend. The move came as the global crypto market cap mostly consolidated during Saturday’s session. Stellar was another exception, as the token rebounded from yesterday’s loss. Tron (TRX) Tron (TRX) was a notable […]

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Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Following Volatile Week of Trading

July 22, 2023 0

Bitcoin consolidated around the $30,000 level to start the weekend, as traders attempted to find a firm price floor on Saturday. The market has been volatile during the past week, as recent winners took profits, following the XRP-related bull run. Ethereum remained below $1,900 on Saturday. Bitcoin Bitcoin (BTC) started the weekend trading close to […]

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Ripple CLO Stuart Alderoty States SEC Chair Gary Gensler ‘Misstates the Law’ on Tokens

July 22, 2023 0

Stuart Alderoty, CLO of Ripple, a cryptocurrency and payments services company, railed against the statements of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler given in a recent congressional hearing. Alderoty criticized the stance taken by Gensler, stating that he “misstates the law” by declaring that tokens, standing alone, are investment contracts.

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Central Bank of Russia Discusses Digital Ruble Integration With Other Countries

July 22, 2023 0

The Central Bank of Russia (CBR) is already discussing the integration of its central bank digital currency (CBDC), the digital ruble, with other countries’ payment systems. Elvira Nabiullina, Governor of the CBR, declared the bank was exploring different possibilities of integration with other CBDC systems to complete cross-border payments and settlements. Central Bank of