Ripple has announced that its new stablecoin, Ripple USD (RLUSD), will start trading globally tomorrow, December 17. RLUSD is a stablecoin backed by the U.S. dollar and received approval from the New York Department of Financial Services (NYDFS) on December 10. This approval allows it to enter both the global financial and cryptocurrency markets. Ripple … Read more
Bitcoin Technical Analysis The Bitcoin market initially shot higher, breaking towards the $106,000 level before giving back those gains in early trading on Monday. I think what we have here is a situation where every time this market pulls back a bit, there are buyers, and we are trying to squeeze to the upside. The … Read more
The Pi Network, a revolutionary mobile mining platform, is poised to disrupt the cryptocurrency landscape. But to unlock the full potential of your Pi, securing your account through KYC (Know Your Customer) verification is essential to ensure the authenticity of users on the Pi Network. With the KYC deadline approaching on December 31st, it’s crucial … Read more
“ECB GC remains divided between doves (concerned about growth) and hawks (concerned about inflation)… where is this stubbornly high inflation risk?” Cavaggioni also shared news of Germany’s Bundesbank cutting growth forecasts and raising concerns about a trade war. On Friday, the Bundesbank projected the German economy to contract by 0.2% in 2024 and to grow … Read more
Mark Longo, the owner of now deceased Peanut the Squirrel, a popular influencer pet, has taken legal action against global crypto exchange Binance, accusing the platform of using images and stories of his famous squirrel without permission. Longo claims that Binance’s use of his intellectual property (IP) infringes on his rights and harms the originality … Read more
House Price Index fell 5.7% year-on-year in November after declining by 5.9% in October. Fixed asset investment rose 3.3% year-to-date in November, down from 3.4% in October. Industrial production increased by 5.4% year-on-year, up from 5.3% in October. Retail sales were up 3.0% year-on-year in November, down sharply from 4.8% in October. China’s unemployment remained … Read more
In the universe of memes and internet culture, the people who turn into memorable memes often end up living the circle of obscurity to overnight fame to oblivion. Rarely, do we see instances when a meme character gives it back to the internet and with such panache. Meet Hailey Welch a.k.a. the “hawk tuah girl” … Read more
FCX’s relative weakness compared to the prices of copper and gold indicates that they are all likely to move lower. And given today’s move below the rising support line, which is also the neck level of the head-and-shoulders pattern, it seems that we’re on a verge of a massive slide. Since sizes of the declines … Read more
Bitcoin is within a hair’s breadth of making history! It is currently trading at $101,935.76, which is 1.4% away from breaking its all-time high of $103,679 reached just 10 days ago on December 5, 2024. If it manages to reach that mark, Bitcoin will once again consolidate its position in the fast-changing world of cryptocurrency. … Read more
The move shows that China has not abandoned its strategy to diversify reserves amid rising tensions with the U.S. Trump’s victory in presidential elections may have played a significant role in China’s decision making. The active U.S. sanctions policy has served as the key catalyst for gold markets as central banks have started to diversify … Read more
