Altcoins

The RBI is test-running its digital rupee in numerous banks and Indian cities as it nears the official launch of the CBDC. Ahead of the proper launch of the digital rupee, the Reserve Bank of India (RBI) has decided first to conduct a pilot rollout of the virtual fiat. According to the Indian central bank, eight banks will participate in the project, which will occur in two phases. The first phase will feature four banks: Yes Bank, the State Bank of India, ICICI Bank, and IDFC First Bank....

The Reserve Bank of India (RBI) has unveiled its new pilot program that will see various consumers testing out the latest version of its digital rupee. A CBDC (central bank digital currency), the digital rupee is slated to be used for purchases of goods and items amongst everyday residents. The RBI Is Boosting the Use of Its Digital Rupee Pratik Gauri – co-founder and CEO of 5ire, a blockchain company – explained in a recent interview: I believe blockchain and decentralization are necessary...

As NFTs gain interest from people across the world, it comes extremely difficult for the average cryptocurrency user to stay updated with the newest launches and announcements in the space.According to an announcement on November 30th, cryptocurrency exchange Uniswap users can now avail of trading services of non-fungible tokens via its indigenous protocol. As mentioned by Uniswap, the feature will primarily host NFT collectibles for purchase on platforms like OpenSea, X2Y2, LooksRare,...

EOS price is facing resistance near the $1.0 zone against the US Dollar. The price is now trading above $0.92 and the 55 simple moving average (4-hours). There was a break above a connecting bearish trend line with resistance near $0.930 the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could rise further if it clears the $0.99 and $1.00 resistance levels. EOS price is struggling below $1.00 against the US Dollar, similar to bitcoin. The price might attempt to rise...

Litecoin started a strong increase above $65 against the US Dollar. LTC price is now trading above $65 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $68.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair remains supported for more gains above the $85 resistance zone. Litecoin price is rising steadily above $70 against the US Dollar, similar to bitcoin. LTC price could continue to move up if it remains...

TRX is one of the legacy digital currencies around today but which have also been impacted by the ongoing crypto winter.The digital currency ecosystem has evolved over the years and despite the twists and turns, it has become a self-sustaining industry where users earn both passive and active from. The industry’s growth has seen the emergence of unique avenues to make money including staking, mining, yield farming, lending, and borrowing.Besides these established avenues for earning profits,...

The regulator is pursuing a cease and desist order against FTX, Administrative Fines, and a refund of the assets received from investors amongst other demands.In an ongoing effort to uncover the mishaps that befell the FTX empire, the Texas State Securities Board (TSSB) has summoned Sam Bankman-Fried to a hearing billed to take place on February 2 next year. The TSSB has reportedly been investigating FTX US since October for allegations bordering on its offering of “Earn” which pays yields to...

In the latest announcement on France and Luxembourg collaborating on the Venus project, it was revealed that both institutions are proposing cross-border settlements.The Central Bank of France and the central bank of Luxembourg have partnered to roll out the “Venus Initiative”, which allows them to use an experiential CBDC for a 100 million euros bond. Worth $104 million, the bond is the latest means employed in a series of trials in tokenized financial markets. Apart from France and...

Tron price started a downside correction from the $0.0650 level against the US Dollar. TRX price is now trading above $0.0500 and near the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.0535 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.055 resistance zone. TRON price started a fresh increase above $0.050 against the US Dollar, similar bitcoin. TRX price could rise further if it clears...

Cryptocurrency exchange Huobi announced the launch of the world’s first national token, DMC (Dominica Coin) and Dominica DID, under the authorization of the government of the Commonwealth of Dominica. For the project, Huobi tapped Tron Network and DMC Labs. According to the official press release, both Dominica DID and DMC were originally issued on the Tron Network. Support cross-chain interaction with Ethereum, BSC, and other public chains via the BitTorrent Chain protocol...