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Do Kwon and his colleagues have a strategy to revive the Terra Ecosystem. That’s after one of the worst cryptos crashes this month. According to the statement, they’ll be introducing Terra 2.0 on 27th May. Proposal 1623 advocates for a new blockchain. It got approval from Terra community members. They will break off the old … Read more
Today’s total XRP in circulation stands at 48.3M out of a 100B total supply. It’s estimated that XRP whales hoard anywhere from 1,000,000 to 10,000,000 tokens. The supply has recently increased to its highest level in over two months. These active XRP whales own more than 6.12% of the entire XRP. There has been a … Read more
The RBI is currently determining whether launching a CBDC is workable. Or if it is possible at the halfway point of 2022. India Plans to Implement CBDC in Stages RBI advocated a 3-step method for bringing out CBDC. Mostly with minimal interruption to the old monetary sector. Indian finance minister Nirmala Sitharaman addressed the plans … Read more
Popular U.S-based investment bank JPMorgan has forecasted Bitcoin’s price to rise by 28% from its current price level. The investment giant believes that the flagship cryptocurrency has a significant upside in future price trends. According to the investment giant, it had a previous price prediction for Bitcoin at $38,000 and still stands by it. However, … Read more
Singapore Invests $100M on Web3 and Metaverse NGC Ventures created a new ecosystem capital only for Web3 projects. It indicates an increased investor appetite for firms helping build a decentralized network. Huobi Ventures, Babel Finance, and Nexo Ventures are the NGC Metaverse Ventures investors. High-potential projects in the Web3 economy may receive funding, says Roger … Read more
CNBC says that China’s BSN will start its first foreign initiative in August. They will not be using cryptocurrency to power the Spartan Network. Users would rather pay in USD for activities and fees. Not surprising, given Beijing’s anti-cryptocurrency view. In other words, it seems that a primary goal is to increase the BSN’s appeal. … Read more
The most popular cryptocurrency, Bitcoin, has re-entered the $28.K support line. The token had crossed the $30k threshold at press time, following a 3% increase in the past 24-hours. However, there is room for more. Bitcoin may rally if it breaks through the $30.6K barrier zone. What Motivates Bitcoin’s Bull Trend Right Now CryptoQuant CEO … Read more
Following months of discussion to ban digital currencies, Russia has made a u-turn to incorporate the asset class into its monetary system. Trade Minister Denis Manturov revealed that the government is working on implementing some policies to support the use of virtual currencies in the nation. When asked about paying for goods and services in … Read more
Binance, one of the most prominent digital assets exchanges worldwide, has never stopped in its tracks to break new grounds and explore new nations. The company’s CEO, Changpeng Zhao, announced at an event in Germany that his organization is currently holding talks with regulatory agencies in Germany concerning establishing a branch there. Additionally, the digital … Read more
The Republic of South Korea is strengthening its probe of the cause of the TERRA (LUNA) crisis. The plunge in the asset price allegedly threatens to incite widespread investor withdrawals from the blockchain-powered gaming company. The country has received reports on the crisis that hit the digital assets market and led to LUNA’s de-pegging. The … Read more
India Warns against a Crypto Dollarized Financial Sector The Reserve Bank of India (RBI) said that digital asset would impair the ability of the country to supervise its economic system and establish financial policies. The supervising bank’s officials issued warnings one more time over the utility of digital assets. The RBI’s officials alleged that adopting … Read more
A leaked report reveals that the government of South Korea is planning to phase out legislation for the digital assets industry over the next two years. Additionally, the uncovered document showed that the federal government of the Asian nation is planning to set up a framework that would help protect digital assets’ investors in South … Read more