Month: January 2023

Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil – Finance Bitcoin News

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Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker noted. Russian, Iranian Representatives Talk Using Gold-Backed Stablecoin in Foreign Trade Iran’s central bank is considering the possibility of creating, with Russia’s participation, a digital token to facilitate trade in the Persian region, according to a report quoting the head of the crypto industry organization in the Russian Federation. The coin could be accepted…

Digital Currency Group halts dividends in an effort to preserve liquidity

Venture capital firm Digital Currency Group (DCG) has told shareholders it is halting its quarterly dividend payments until further notice as it attempts to preserve liquidity. According to the letter sent to shareholders on Jan. 17, the firm is focused on “strengthening our balance sheet by reducing operating expenses and preserving liquidity.” Its financial issues are derived from the woes of its subsidiary, crypto broker Genesis Global Trading, which reportedly owes creditors more than $3 billion and DCG is also considering selling some of the assets within its portfolio. Customers are…

Orbeon Protocol (ORBN) Will Be A Great Alternative To Cosmos (ATOM) And XRP (XRP)

Place/Date: – January 18th, 2023 at 5:18 am UTC · 3 min read Source: Orbeon Protocol Many cryptocurrency investors are incurring losses as the volatile 2022 year has ended due to their assets like XRP (XRP) losing value. But not everything is as disastrous as it appears. One crypto project, which is in stage 1 of its public presale, has been thought of as the cryptocurrency savior. That project is the Orbeon Protocol! Orbeon Protocol (ORBN) Using the Orbeon Protocol (ORBN) platform, established companies and startups can acquire capital more…

Bullish Binance: Snowfall Token Hype Continues In The Crypto Community As The New Player Continues To Outshine Mainstream Cryptos

Place/Date: – January 18th, 2023 at 5:12 am UTC · 4 min read Source: Snowfall Protocol Binance, the largest cryptocurrency exchange by volume, is well-known for its continued bullish attempts in the ecosystem, and in 2023 it seems to have Shiba Inu (SHIB) and Terra classic (LUNC) in its list. Binance has been instrumental in assisting Terra Classic in reducing its LUNC supply through burns. What’s more, Binance has staked 4 trillion SHIB in the Shiba Inu ecosystem ahead of the highly anticipated Shibarium release. In other news, Snowfall Protocol…

Which tokens could FTX dump on the market?

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The new management of the bankrupt FTX exchange has identified $5.5 billion in assets that can be used to repay creditors, sparking fears a large swathe of crypto assets could be dumped on markets. On Jan. 17, FTX debtors identified $3.5 billion in crypto assets with $1.6 billion associated with the bankrupt exchange. The best known holdings are Solana’s SOL and FTX exchange token FTT, along with liquid assets including XRP, DOGE, Aptos (APT), Polygon (MATIC), TON, and BitDAO (BIT). Liquidators valued the tokens at the time of the bankruptcy…

Bitcoin inches closer to a 10-year record, as other stats turn bullish

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The world’s first cryptocurrency Bitcoin (BTC) is one day away from matching its historic 15-day win streak if its positive price movement keeps up. In November 2013 Bitcoin posted a 15-day consistent positive price movement, the longest in its history. ₿REAKING: #Bitcoin price has increased 14 days in row — A single day away from making a historic new record! pic.twitter.com/qclJhikcds — Documenting ₿itcoin (@DocumentingBTC) January 17, 2023 Right now, BTC is on day 14 of its win streak, hitting four-month highs in the process. One more day of upwards…