Day: March 20, 2023

XRP Hits $20B Market Cap Following Recent Crypto Rally

Ripple coin XRP recently hit $20 billion due to the broader crypto market upswing from the banking crisis. Ripple‘s native XRP token recently surpassed $20 billion in market value following a broader digital currency market rally. According to reports, XRP gained roughly 5% over the last 24 hours, with Bitcoin (BTC) and Ether (ETH) experiencing gains of 2.41% and 1.62%, respectively. During this period, Binance Coin (BNB) also increased by 0.72%, while Cardano (ADA) gained 1.62%. XRP $20 Billion Development Culmination of Weeklong Upward Price Trajectory XRP has been on an upward trajectory in…

Bitcoin Surges 5% in 24 Hours to Hit $28K for First Time since June 2022

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Bitcoin is still on a roll, briefly surpassing $28K for the first time in a while, and is up 20.8% for March.  The recent bullish momentum seen with Bitcoin (BTC) shows no signs of fatigue as it recently surpassed $28K. BTC’s latest price development marks the first time since last June that the crypto has surged past $28,000. The world’s largest crypto by market cap has now gained a staggering 37.8% for the week. Bitcoin is also up 20.8% this month, with observers and analysts foreseeing the leading token advancing…

Taiwan watchdog FSC to assume authority on crypto regulation

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The Financial Supervisory Commission of Taiwan (FSC) will become the primary regulator of cryptocurrencies in the island country, according to the head of the authority. FSC chairman Huang Tien-mu has announced that the regulator will assume supervisory authority over the crypto industry in Taiwan, the local United Daily News reported. Huang addressed Taiwan’s parliament, the Legislative Yuan, on March 20 regarding the regulation of cryptocurrencies in the Republic of China (ROC). He pointed out that the FSC’s upcoming crypto regulatory framework will include major rules and policies, including the separation…

President of Venezuela Nicolas Maduro Orders Restructuring of Crypto Organization SUNACRIP

As the country recuperates from the Covid-19 devastations, the crypto industry led by Bitcoin and stablecoins is expected to play a crucial role in uplifting the economic status of Venezuelan residents. The President of the Bolivarian Republic of Venezuela Nicolás Maduro has ordered the restructuring of the National Superintendence of Crypto Assets and Related Activities (SUNACRIP). Through decree number 4,788, dated March 17, President Maduro has appointed a restructuring board of SUNACRIP chaired by Anabel Pereira Fernández, who replaces Joselit Ramírez. Notably, Maduro has appointed Pavel Javier García Sandoval, Ramón…

Goldman Sachs Names Bitcoin Best-Performing Asset Year-to-Date

According to the data shared by Goldman Sachs, Bitcoin has gained as much as 51% in year-to-date absolute returns. With Bitcoin (BTC) reaching highs it hasn’t seen for a long time, many believe that there is still a lot of space for growth and hitting the maximum potential price. On Friday, Bitcoin hit $27K for the first time since June last year. The currency’s price climbed to $27,028, marking a 6.5% increase in 24 hours. As of the press moment, Bitcoin is trading at $27,511.64, with a market cap of as…