The Central Bank of Russia announced that large payments using the digital ruble framework will debut in 2026, providing an official update after the postponement of its launch in March. Central Bank of Russia: Digital Ruble to Be Launched in 2026 The irruption of central bank digital currencies (CBDC) in the lives of Russian citizens […] Source CryptoX Portal
XRP has hit one key milestone after another in 2025, while Bitcoin disappointed users awaiting a massive rally. With the SEC vs. Ripple legal battle drawing to an end and Ripple’s victory, XRP hit a peak of $3.40 in January, rewarding long-term holders. Bitcoin (BTC) is slowly losing its edge as a “safe haven” during geopolitical crises and Ethereum is in a state of decline, XRP stands out as a key competitor to the largest cryptocurrency’s “digital Gold” narrative in 2025. Ripple lawsuit legal drama: Quick recap Ripple, the payment…
Key Notes The largest cryptocurrency, Bitcoin, jumped above $87,000, renewing digital gold comparisons. Solana gains over 5%, boosted by Canada ETF buzz. XRP and Cardano rally as alternative cryptocurrency momentum builds. The current Bitcoin BTC $86 994 24h volatility: 3.4% Market cap: $1.73 T Vol. 24h: $25.16 B price outlook has renewed conversations around its role as a store of value. It has revived the comparisons of the largest cryptocurrency as digital gold. Current market data shows that this new sentiment has a ripple effect across the broader digital asset…
The latest report from the European Central Bank predicts that the digital euro will replace a portion of the banknotes in circulation, fundamentally reshaping how Europeans use money. Bank deposits will also be impacted. Digital Euro to Reshape How Europeans Use Banknotes and Bank Deposits While the digital euro, the project that seeks to implement […] Source CryptoX Portal
Key Notes Galaxy Digital moved 62,181 ETH, worth $99 million, to Binance. The $99 million transfers hint at possible sales or portfolio shifts. Panama City is among the key boosts for Ethereum in recent times amid the Galaxy uncertainty. Galaxy Digital, a major player in crypto investing, has moved 62,181 Ethereum, worth about $99.46 million, to exchanges like Binance over six days. This follows a pattern of large Ethereum transfers, raising questions about market moves and intentions. Large Ethereum Transfers Spark Questions The current data outlook shows that on April…
Kyrgyzstan President Sadyr Zhaparov has signed a constitutional law authorizing the launch of a central bank digital currency pilot project while also giving the “digital som” — the national currency in digital form — legal tender status. The law gives the National Bank of the Kyrgyz Republic the exclusive right to issue the digital som, establish the rules for its issuance and circulation, and oversee the platform on which the national currency will operate, Kyrgyzstan’s presidential office said on April 17. However, a final decision on whether to officially issue…
Crypto is charging into the mainstream as the Federal Reserve signals a dramatic shift, hinting at looser oversight and faster institutional adoption of digital assets nationwide. Fed Chair Powell Teases Softer Crypto Stance U.S. Federal Reserve Chair Jerome Powell spoke at the Economic Club of Chicago on Wednesday, highlighting forthcoming changes in financial oversight, particularly […] Source CryptoX Portal
Barry Silbert, the CEO of Digital Currency Group, said he would have secured higher investment gains by just holding the Bitcoin that he invested in early-stage crypto projects around 2012. During an April 17 appearance on Raoul Pal’s Journey Man podcast, Silbert said he discovered Bitcoin (BTC) in 2011, purchasing BTC at $7-$8 per coin. Once the price of BTC surged, Silbert started looking for early-stage crypto companies to invest in. The executive told Raoul Pal: “I was using Bitcoin to make a bunch of those investments, and you would…
Bitcoin mining company Bit Digital has acquired an industrial building in Madison, North Carolina, upping the ante in a business diversification strategy that includes strategic pivots into AI and high-performance computing. Bit Digital agreed to buy the property for $53.2 million through Enovum Data Centers Corp., the company’s wholly owned Canadian subsidiary, regulatory filings show. The investment includes a $2.25 million initial deposit, with $1.2 million being non-refundable. The transaction is expected to close on May 15. Bit Digital disclosed the acquisition in a Form 8-K filed with the US…
Key Notes Galaxy Digital’s movements hint at a potential selloff. This could push ETH below the $1,600 mark. ETH-based ETFs also struggle, strengthening bearish sentiment. Galaxy Digital, a crypto investment service provider, has been depositing Ethereum ETH $1 600 24h volatility: 1.6% Market cap: $193.20 B Vol. 24h: $12.96 B into the top cryptocurrency exchanges, Binance and Coinbase. According to an X post by Lookonchain, Galaxy Digital sent a total of 49,681 ETH, worth nearly $80 million, to Binance and Coinbase between April 12 and 17. The deposits came from…