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Day: June 24, 2022
Biggest Movers: XRP up by Nearly 15%, as AVAX Climbs to 12-Day High on Friday – Market Updates Bitcoin News
XRP rose by nearly 15% during today’s session, climbing to its highest point in over a week in the process. This rise in momentum within the crypto market also saw AVAX hit a 12-day high, following a gain of over 11% on Friday. Bullish pressure in XRP intensified on Friday, as prices rose to their highest point in over a week during today’s session. Today’s surge saw XRP/USD rally to an intraday high of $0.3847, which is its highest point since June 11. Overall, prices are currently 13.6% higher than…
Coinbase Users in the Netherlands to Face Additional KYC Hurdles When Pulling Crypto Off Platform
Coinbase told customers it is making these changes as “required by local regulations,” an apparent reference to the Financial Action Task Force’s (FATF) travel rule, which requires crypto service providers to exchange personal information of the senders and receivers in order to tackle fraud and money laundering. Source
THORChain Deploys Mainnet After 4-Year Wait, RUNE Soars 13%
THORChain has been trading in the green and recovering faster than larger cryptocurrencies. The development team behind this project, Nine Realms, announced the launch of their mainnet after 4 years of development and research. Related Reading | Cosmos (ATOM) Price Swells 12% – Can It Breach Resistance? At the time of writing, THORChain (RUNE) trades at $2.30 with a 14% and 35% profit in the last 24 hours and 7 days respectively. The market seems to be positively reacting to the announcement. RUNE with minor gains on the 4-hour chart. Source:…
PancakeSwap Business Model – A Hidden Masterpiece in DeFi Space
The idea of Decentralized Finance exchange is presently booming in major parts of the world as it avoids the intermediates completely while performing any financial or crypto transactions. The market for DeFi exchange is huge and many new crypto players are directly showing their existence in this kind of platform to swap their desired virtual crypto assets. The technology behind the DeFi exchange and cryptocurrency is a blockchain network which is a widely used technology at a rapid pace by lots of prominent industries. Besides, it is a major reason…
What it could mean for crypto
These are fraught times for the cryptocurrency and blockchain sector, so it isn’t surprising that industry proponents might seize upon any promising news to help charge flagging markets. A Reuters report out of Uganda last week about a massive gold ore discovery supplied just this kind of fuel. What does the state of gold mining in Africa have to do with the price of global Bitcoin (BTC)? Quite a bit, potentially. Bitcoin has periodically laid claim to being digital gold largely on the strength of its strict 21 million supply…
Binance Launches New Platform for VIP and Institutional Investors
The exchange’s release of Binance Institutional aligns with CEO Changpeng Zhao’s commitment to hire and expand during the bear market. Source
Bitcoin payments make a lot of sense for SMEs but the risks still remain
The last six odd months has seen the cryptocurrency market witness an unparalleled amount of financial volatility, so much so that the total capitalization of this fast-maturing space has dropped from $3 trillion to approximately $1 trillion. This comes after the industry hit all-time highs across the board last November, with Bitcoin (BTC) reaching a price point of $69,000. Despite the previously stated volatility, a recent report shows that small to medium-sized enterprises (SMEs) across nine separate countries, Brazil, Canada, Germany, Hong Kong, Ireland, Russia, Singapore, United Arab Emirates and…
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Top 5 Cryptos Taking A Major Beating In The Ongoing Market Mayhem
The Top 5 cryptos featured in this article today are taking a heavy blow in the ongoing market pandemonium. Led by Bitcoin and Ethereum – two of the biggest cryptocurrencies in terms of market cap – these five cryptos have been hogging the headlines of late. Investors now wonder when a recovery will occur, as losses continue to mount, sending jitters across the broader crypto space and dampening investor spirit. Here’s a quick look at the Top 5 cryptocurrencies and how much they’ve lost so far: 1 – Bitcoin (BTC)…