Crypto news

Ripple price is gaining pace above the $0.512 support against the US dollar. The price is now trading above $0.510 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.5045 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above $0.5100. Ripple price is rising above $0.5100 against the US Dollar, unlike Bitcoin. XRP price must stay...

The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland just recently announced the successful completion of a new CBDC initiative called Project Mariana. This project tested cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) between financial institutions. BIS and Central Banks Collaborate on CBDC Test As per reports, the novel project leverages the concepts of Decentralized Finance...

The US commodities regulator has targeted yet another crypto exchange for allegedly running a “fraudulent” digital asset commodity scheme, The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the US District Court for the Southern District of Florida against Pennsylvania-headquartered Mosaic Exchange Limited, along with its owner and Chief Executive Officer Sean Michael, for operating a fraudulent digital asset commodity scheme. The CFTC alleged...

The leading cryptocurrency exchange – Crypto.com – recently teamed up with the payment platform PayPal to become the preferred marketplace for the recently launched stablecoin – PayPal USD (PYUSD). As such, it said there are now new trading pairs on the application. In the following lines, we will outline which ones exactly. Support for XRP and DOGE Crypto.com announced on X (Twitter) that customers can trade Ripple’s native token – XRP, the first ever memecoin – Dogecoin...

Binance Labs – the investment side of the world’s largest and most popular digital currency exchange – has placed $5 million into the new Curve DAO token that powers the Curve blockchain network. Binance Puts a Lot of Dough into Curve At the time of writing, Curve is valued at roughly $2.4 billion and witnesses a daily trading volume of more than $215 million on its investment platform, which seeks to help fans of decentralized finance (defi) trade assets for the...

The Japanese automobile manufacturer Honda has jumped into the cryptocurrency bandwagon by embracing several digital assets as payment options.  Interestingly, Ripple’s native token – XRP, and the popular memecoin Shiba Inu (SHIB) are among the supported ones. ‘Drive Into the Future’ With Crypto The Tokyo-based manufacturer of automobiles, motorcycles, and power equipment – Honda Motor Co. – partnered with the blockchain payment system FCF Pay to allow clients to lease or...

After a period of consolidation, Bitcoin has shown positive signs by reaching its previous swing high amidst market uncertainty. However, as the price approaches a critical resistance zone, there is a possibility of a rejection. Technical Analysis By Shayan The Daily Chart Examining the daily chart, Bitcoin appeared to be stuck around the $25K mark, providing little indication of its future direction. Nevertheless, a bullish divergence between the price and the RSI indicator,...

A woman in Somerset in the U.K. has fallen victim to a scam after investing in BTC. The scam cost her nearly 40,000 pounds. Going by the name “Lisa,” the victim was led to believe the crypto platform she was pumping her money into was backed by Martin Lewis, an alleged Money Saving Expert in her area. A Woman Named Lisa Loses Money After BTC Investments Instead, she claims she was “groomed” by online scammers who ultimately filed for several loans in her name. In...

Minswap – which is the largest decentralized exchange on Cardano – witnessed a spike across various metrics after months of low activity. According to the latest update by DappRadar, Minswap’s unique active wallets (UAWs) and transaction count increased by 89.85% and 63.05%, respectively over the past seven days. The volume was also up by a modest 16% in the last seven days. During the same period, Minswap added 11.29k UAWs, 129.59k transactions, and $592.08 million in...

Not long ago, Bittrex – a popular digital currency exchange – settled the lawsuit that had been filed against it by the Securities and Exchange Commission (SEC). The financial agency has had it in for the firm (like it has with many others), and the company is now looking to get things done quickly and silently so it can continue its operations without interruption, but a former special trial counsel is saying that the same easy route to ending things likely won’t...