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Central Bank Digital Currencies (CBDCs) are digital forms of national currencies issued and regulated by a country’s central bank. [ez-toc] They are digital representations of traditional fiat currencies, such as the U.S. dollar, euro, or yen, but exist solely in electronic form. Central Bank Digital Currencies are designed to leverage blockchain or distributed ledger technology,…
With the rise of cryptocurrencies, more people are venturing into the world of digital assets. Investing in cryptocurrencies can offer exciting opportunities for growth and diversification. However, to enter this realm, one needs to know the best apps to buy crypto from and trade cryptocurrencies. In this article, we will explore some of the best…
Binance, one of the leading cryptocurrency exchanges, has made an exciting announcement regarding its expansion into the Japanese market. The company revealed its plans to launch a new Binance platform, dedicated to crypto trading in Japan that will fully comply with local regulations. This move aims to tap into the growing interest in cryptocurrencies within…
In a significant turn of events, United States President Joe Biden and top Congressional Republican Kevin McCarthy have engaged in discussions and reached a tentative deal to address the US debt ceiling issue. [ez-toc] The agreement involves raising a staggering $31.4 trillion, providing a sense of relief to the cryptocurrency industry, which has been fraught…
Before we dive into the burnt Shiba Inu tokens Token burning in cryptocurrency refers to the intentional removal of a certain number of tokens from circulation. [ez-toc] This process involves sending the tokens to an unspendable or “burn” address, effectively taking them out of circulation permanently. Token burning serves several purposes within the cryptocurrency ecosystem….
The long-standing lawsuit between Ripple and the Securities and Exchange Commission (SEC) may soon reach a conclusion, according to Ripple CEO, Brad Garlinghouse. After more than two years of legal battles, the XRP community eagerly awaits a resolution to this high-stakes confrontation. The speculation about an impending resolution was initiated by a Twitter user known…
In a parallel trend to Bitcoin, Ethereum’s exchange balance has been steadily decreasing, reaching a five-year low. Data from Glassnode, an on-chain analytics firm, reveals that the amount of Ethereum held on exchanges has dwindled to 17.86 million, the lowest value since April 2018. This decline in Ethereum exchange balance can be attributed to multiple…
The rise of cryptocurrencies and digital assets has brought about numerous opportunities and challenges for the financial industry. As the market continues to evolve, regulators across the globe are considering the implementation of global cryptocurrency regulations to protect consumers and businesses from potential risks and losses. The International Organization of Securities Commissions (IOSCO), a global finance…
Before we look into Hotbit, Huobi Global Limited, one of the leading cryptocurrency exchanges, is facing deepening struggles as the Securities Commission (SC) of Malaysia has ordered it to cease operations in the country due to illegal activities. The SC has issued a public reprimand against Huobi Global Limited and its CEO, Leon Li, for…
Litecoin ($LTC) has emerged as one of the leading cryptocurrencies in the digital asset market. Often referred to as the “silver to Bitcoin’s gold,” $LTC has gained popularity and recognition for its unique features and potential for growth. Created in 2011 by Charlie Lee, a former Google engineer, $LTC was designed to be a peer-to-peer…
Bitcoin and Ethereum supply on exchanges hit all-time lows as investors withdraw their assets from crypto exchanges. The market remains calm with minor price movements in the past 24 hours, but bearish cues have prompted players to purchase and withdraw their cryptocurrencies. According to Santiment, Bitcoin’s current supply on exchanges is at its lowest level…
Ripple, a US-based crypto solutions provider, has recently acquired Metaco, a Swiss start-up specializing in digital asset custody and tokenization technology. Ripple is a blockchain technology company known for its digital payment protocol and cryptocurrency, XRP. Built upon a distributed ledger technology, Ripple aims to revolutionize cross-border payments by enabling faster, more efficient, and cost-effective…
Before we talk about the DRC-20, in the context of cryptocurrencies, a technical standard or protocol refers to a set of rules and specifications that define how various aspects of the cryptocurrency system should function. These standards ensure interoperability, compatibility, and consistency across different implementations and enable different components of the cryptocurrency ecosystem to work…
The U.S. Securities and Exchange Commission (SEC) plays a crucial role in regulating the securities markets and protecting investors. It ensures fair practices, promotes disclosure, and monitors corporate actions. [ez-toc] On the other hand, Coinbase exchange, the largest cryptocurrency exchange in the United States, has been at odds with the SEC over regulatory clarity for…
