Month: September 2023

G20 moves forward with international crypto framework

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Leaders of the 20 biggest economies in the world — collectively known as G20 — are pushing for a speedy implementation of a cross-border framework for crypto assets.  According to local reports in New Delhi — where the group members are attending for a two-day summit — the framework will facilitate information exchange between countries beginning in 2027. “We call for the swift implementation of the Crypto-Asset Reporting Framework (CARF) and amendments to the CRS [Common Reporting Standard]. We ask the Global Forum on Transparency and Exchange of Information for…

Stellar (XLM) Soars By 17% In A Single Week, Can Bulls Maintain Push To $1?

As the general crypto market experiences a slight gain in total market cap, Stellar (XLM) stands out with a substantial amount of price increase over the last week. According to data from CoinMarketCap, the XRP competitor is up by 17.61%, outperforming every other top 100 cryptocurrency in the past seven days.  XLM To Reach $1? With XLM currently hovering around the $0.13 price zone, there are speculations on the next movement. Interestingly, a crypto analyst with the name EGRAG CRYPTO on X (formerly Twitter) predicts that XLM could rise to…

JPMorgan unveils blockchain-based token for faster payments

JPMorgan Chase & Co. is delving into the realm of blockchain-based digital deposit tokens, aiming to enhance cross-border payments and settlements. However, regulatory approval remains a crucial hurdle for this innovative payment method. According to a Bloomberg report, the New York-based investment bank and financial advisor is deepening its roots in the blockchain ecosystem and rolling out a new blockchain-based deposit token to enhance payments on its platform.  In simple terms, deposit tokens are digital representations of deposits held by customers in commercial banks. These tokens are designed to streamline…

Here’s Why Ethereum Price Barely Moved Following Ark’s ETF Application

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The price of Ethereum seems to be back under the influence of the current market sentiment despite enjoying a relatively positive week. On Wednesday, September 6, Ark Invest filed for the first Ethereum spot exchange-traded fund (ETF) in the United States. This ETF application had a tame impact on the price of Ether, with the cryptocurrency only climbing to $1,650 the following day. Moreover, the token has almost fully reversed the minor gains from the significant development. Ethereum Price Registers 0.1% Rise Last Week – Here’s Why Ethereum currently changes…

FTX looks to claw back millions paid to Shaq, other celebrity endorsers

Advisers hired by FTX are looking to recoup some of the money the exchange paid to several sports stars for partnerships and endorsements. Alvarez & Marsal, financial advisers for Sam Bankman-Fried’s failed crypto exchange FTX, are reportedly probing whether millions of dollars paid to celebrity athletes, including tennis star Naomi Osaka and four-time NBA champion Shaquille O’Neal, can be recovered. FTX Group advisers have analyzed if certain payments dished out to athletes before the company unraveled last November can be recovered in Chapter 11 https://t.co/uvmFJG5jXR — Bloomberg Crypto (@crypto) September…

Whale Unloads 762-B At A Loss

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PEPE, the meme coin that has garnered a cult following in the cryptocurrency world, made headlines once again as an anonymous whale, rumored to go by the name “Alleged Mattfurie,” executed a huge transaction.  According to a new PEPE price update,  this enigmatic figure exchanged a staggering 726 billion PEPE tokens for approximately 345.7 Ethereum (ETH). What’s more, the acquired ETH swiftly found its way to the Coinbase exchange, adding intrigue to an already sensational move. As of the latest data from CoinGecko, PEPE is currently valued at $0.00000078, with…

USDC, USDT holders exploring ROE in ongoing Borroe.Finance presale

In a noteworthy development, stablecoin holders, especially of USDC and USDT, are swiftly turning to Borroe.Finance (ROE) in the ongoing presale.  This article delves into this shift, exploring why Borroe.Finance is becoming the focal point for crypto holders diversifying and building their portfolios. Borroe.Finance: a deeper look Borroe.Finance offers innovative features and has a visionary roadmap, explaining why investors are bullish on its prospects and actively participating in ongoing presale. Borroe.Finance blends multiple web3 features and has implemented a forward-thinking approach, explaining why supporters expect its native token, ROE, to post sharp gains…

Decentralized communication is the antidote to an Orwellian dystopia

Protecting privacy means protecting freedom, providing human dignity and ensuring safety, and none of these is optional in the digital era. Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Tim Berners-Lee envisioned the World Wide Web as a decentralized realm, ‘a place where all people had access to the best information at any time.’ But its current iteration, web2, evolved in the opposite direction in the past decades. Giant corporations like Meta, Google, Zoom increasingly…

What is quantitative easing, and how does it work?

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Although there are parallels between some measures taken in the world of cryptocurrencies and the consequences of quantitative easing, it is difficult to directly apply conventional ideas of monetary policy to cryptocurrencies due to their decentralized nature. In contrast to traditional financial systems, the idea of QE does not apply directly to the world of cryptocurrencies. Cryptocurrencies, such as Bitcoin (BTC) and Ether (ETH), run on decentralized networks and are not regulated by governments or central banks. As a result, no one institution can implement conventional monetary policy measures like…

Will Correction Trend Push BNB Under $200?

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Binance Coin (BNB) has experienced a notable setback, retracing from its overhead resistance for the third time in just two months. This downward trajectory has formed a falling wedge pattern, a technical indicator characterized by declining peaks and troughs confined within two converging trend lines. As of the latest data from CoinGecko, BNB is currently trading at $214.94, with a 24-hour decline of 0.9% and a modest seven-day gain of 0.6%. On August 31, the BNB price dipped below the critical $220 local support level, signaling the possibility of further…