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CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, DEFI News, RIPPLE News
Bitcoin Claims $ 50K Why Bitcoin Could Rise To $ 52K
Bitcoin price gained bullish momentum and broke the $ 50,000 resistance against the US dollar.
Finally, the bitcoin price was able to overcome the $ 50,000 resistance zone. BTC climbed above the $ 50,200 and $ 50,500 levels. It traded to a new all-time high of $ 50,600 before correcting lower.
Decrease in profits from Ripple
Ripple was unable to hold above $ 0.5550 and fell more than 10% against the US dollar.
After closing above the $ 0.5000 level, the XRP Rpple price began a steady rise.
It hit $ 0.6445 and recently started another decline. There was a break below the $ 0.6000 and $ 0.5800 support levels. Price traded below the 50% Fibonacci retracement level of the upward movement from the swing low of $ 0.4507 to the high of $ 0.6443.
38 million XRP tokens dumped by Ripple co-founder Jed McCaleb.
During the lawsuit, former Ripple chief technology officer and co-founder Jed McCaleb was constantly dumping his XRP wallet.
Before leaving Ripple, McCaleb received 9 billion XRP, of which more than 6 billion have already been sold. While the co-founder of Ripple could do whatever he wanted with the tokens, an agreement was made on the amount of XRP he was allowed to sell per day to ensure that the transaction did not negatively affect the XRP price in the market.
The Ukrainian Government Office will use the Fantom blockchain for the exchange of intellectual property
The Ministry of Digital Transformation of Ukraine signed an agreement with INTELMAX Management Consulting
The Ministry of Digital Transformation of Ukraine signed an agreement with INTELMAX Management Consulting to create a platform on the Fantom blockchain for the exchange of intellectual property. They also planned to integrate blockchain technology into other government processes and services.
Thai Regulatory Authority Considers Qualification Of New Crypto Investors
The regulator believes that new investors in cryptocurrency should have a certain level of trading experience.
According to the Bangkok Post, the regulator is concerned about the safety of investors amid the recent skyrocketing cryptocurrency prices and the resulting flood of registrations on local exchanges.
The regulator seeks to determine if new crypto investors have sufficient experience and financial position to take on the risks associated with cryptocurrency trading and volatile price fluctuations.
New Emerging Markets Fund Targets Blockchain, DeFi Startups
Arcanum Emerging Technologies Fund will start operations in India, but its founders plan to expand their activities in other regions.
Asset management firms Alpha Innovations and Arcanum Capital have set up a $ 10 million venture capital fund focused on promoting blockchain innovation in emerging markets.
The Arcanum Emerging Technologies Fund will be the first of these, with an initial closure expected at the end of February, according to the company. The fund will provide seed and A series funding for blockchain companies in emerging markets.
This cryptocurrency exchange pays hackers to violate its security protocols
Cryptocurrency exchange from Brazil pays white-hat hackers.
BitcoinTrade, the second largest cryptocurrency exchange in Brazil, has just announced a partnership with BugHunt to create a program that encourages hackers to find bugs and errors on its platform and report them in exchange for money.
SEC’s Hester Pierce Calls For Cryptocurrency Regulation As A Bunch Of Institutional Interests
The institutional interest in bitcoin and cryptocurrencies is a strong sign that the digital asset market needs regulation.
The recent boom in institutional interest in bitcoin and cryptocurrencies could be a new sign that the market needs crypto rules.
US Securities and Exchange Commission Commissioner Hester Pearce said there is a need for precise regulation of the cryptocurrency. According to a recent news report, the growing interest in digital assets from large companies like BNY Mellon, Tesla, Mastercard, etc., may be a surefire sign that the authorities should probably develop crypto rules.
ETH 2.0 Approaches Takeoff As ETH Supply Exceeds $ 5.4 Billion
The total amount of Ethers allocated to the Ethereum 2.0 Beacon Chain Deposit Contract has now exceeded three million.
Ethereum developers are working hard to make the transition to Eth2 a huge success.
According to data available on Etherscan, interested validators have staked 3,088,610 ETH on the Eth2 Beacon Chain deposit contract, with crypto exchanges such as Kraken, Binance and others actively participating in the placement of ETH on the platform.
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