JP Morgan, the prominent American financial services giant, is reportedly developing a new type of token to enhance its cross-border payments and settlements. The multinational firm has made significant progress in establishing the necessary infrastructure for the launch of a deposit token. However, before proceeding, JP Morgan is awaiting regulatory approval from U.S. authorities. The
Crypto
Crypto lender Celsius Network has taken legal action against EquitiesFirst Holdings by submitting an “adversary complaint” in an attempt to recoup assets from the private lender. The complaint states that EquitiesFirst owes Celsius $439 million, consisting of $361 million in cash and 3,765 BTC as of July 2022. Celsius is seeking injunctive relief and a
Changpeng Zhao, the CEO of Binance, recently dismissed the speculation that the popular TV personality Jim Cramer declared his approval of the largest cryptocurrency exchange. Some crypto proponents joked that this could actually be good news for the trading venue, considering Cramer’s controversial statements and predictions in the past. Jim Cramer, the host of CNBC’s
Bitcoin’s price has long been associated with its four-year price cycles, which align with its “halving” schedule that reduces its inflation rate every four years. However, some analysts argue that this correlation may be coincidental rather than causal. They believe that the cyclical movements of the asset are influenced by macroeconomic conditions rather than the
Cryptocurrency awareness is on the rise globally, with Nigeria emerging as the leader across all continents. According to a recent study conducted by Consensys, a blockchain and Web3 software company, 99% of Nigerians have heard of cryptocurrencies, and an impressive 91% are willing to invest. This article will explore the key findings of the study
In a recent turn of events, Ripple’s price has taken a bearish turn after a period of stable movements. This decline has led to a significant breakdown below a crucial support zone formed by the 200-day moving average. A closer analysis of the daily chart reveals that the drop in XRP price is a result
Bitcoin, the world’s most popular cryptocurrency, recently experienced an unanticipated decline from the $29K mark. This downward movement led to a substantial breakdown of the pivotal 100-day and 200-day moving averages. The bearish trend sparked concerns among investors and traders about how low BTC can go. One significant factor that contributed to Bitcoin’s temporary rebound
Bitboy Crypto’s founder, Ben Armstrong, recently released an emotional apology video following his departure from the company. In the video, Armstrong addresses the mistakes he made that led to his ouster, including his use of diet pills and steroids and an affair with an unnamed person. Accompanied by his wife, Bethany, Armstrong expresses his commitment
Grayscale’s recent legal triumph against the United States Securities and Exchange Commission (SEC) has ignited a surge in the cryptocurrency market. The landmark court victory has not only propelled Bitcoin’s price to reach $28,000 for the first time since mid-August but has also triggered an uptick in trading volumes across various cryptocurrencies. Santiment, a leading
Binance, one of the leading cryptocurrency exchanges, has recently introduced a groundbreaking feature for its clients in Latin America. This new solution allows users in nine Latin American countries to send and receive crypto via Binance Pay, enabling beneficiaries in Argentina and Colombia to directly receive these transfers into their bank accounts. The introduction of
