Author: News Room
What happened The meme coin category has experienced a significant 20% gain in late March. The surge began on early Thursday with meme tokens showing increased momentum, fueled by speculation surrounding the potential integration of Dogecoin (DOGE) into a forthcoming payments service of a social application known as X. Dogwifhat (WIF) (a meme token) managed to flip Pepecoin (PEPE) in market capitalization rankings, becoming the third-largest meme token in this category. WIF’s price also rose above the $4 mark on March 28, showing the biggest price increase since its launch. Update. The WIF I sold for $800 is now worth…
Russian fintech firms have begun joining the country’s digital ruble pilot, as the Central Bank looks to widen the scope of its CBDC project. Per the Russian media outlet Cnews, SimbirSoft and Sinara Lab will help the Central Bank and its banking partners “implement the digital ruble software products in online and mobile banking applications.” Russian Fintech Startups Join Digital Ruble Pilot The move appears to indicate that Moscow may be taking cues from the Chinese central bank’s CBDC playbook. The digital yuan has been successfully integrated with the banking platforms of several state-owned banks, as well as neobanking firms.…
The Bank for International Settlements, the central banks’ bank, announced the launch of Project Agorá, a joint private-public initiative seeking to examine the potential benefits of tokenization for improving cross-border settlements. Agorá includes the participation of seven central banks and private institutions to be convened by the Institute of International Finance (IIF). BIS to Explore […] Read the full article here
Costa Rica is currently deliberating a proposed crypto law that may restrict its citizens’ ability to use Bitcoin for everyday transactions. Jan3, a prominent Bitcoin technology firm, disclosed this development regarding the Latin American nation. Costa Rica Debates Legal Use of Bitcoin Jan3 stated that the absence of comprehensive legislation governing the country’s crypto ownership, trading, and investment impacts the ongoing debate. The firm noted that the key concerns revolved around effective Know Your Customer (KYC) and Anti-Money Laundering (AML) practices in the emerging industry. However, amidst these debates, there is a sense of optimism regarding the potential for robust…
Renowned crypto trader Peter Brandt has once again stirred the digital currency sphere with his latest predictions regarding Solana and Ethereum. Notably, Brandt’s insights, shared on the X platform, have ignited conversations within the crypto community, as investors eagerly anticipate the potential shift in market dynamics. Read the full article here
With a few weeks left before the next Bitcoin halving, market expert Armando Pantoja speculates that Shiba Inu would hit the ambitious $0.001 price target after the event. As the highly anticipated Bitcoin halving event edges closer, top industry commentators have issued favorable post-halving predictions for Shiba Inu (SHIB). Popular investor Armando Pantoja issued his post-halving target for Shiba Inu in a recent X post. The analyst expects Shiba Inu to hit a massive target of $0.001 and above after the highly anticipated Bitcoin halving event. In addition to Shiba Inu, Pantoja also set post-halving price targets for other top…
After the sentencing of Sam Bankman-Fried to nearly 25 years in prison for his role in FTX’s financial mismanagement, attention shifts to his former associates. The cryptocurrency world eyes the upcoming Bitcoin halving, expected between April 18 to April 22, 2024. Blackrock’s Ishares Bitcoin Trust (IBIT) sees its holdings skyrocket past 252,011 BTC. Ethena announces […] Read the full article here
Many narratives have gained the attention of market participants this cycle. But not all of them have stayed relevant for a long period. However, there are three that have remained on the lips of investors and traders alike which are meme coins, AI, and Real World Assets (RWAs). But these sectors did not just pop out as there are reasons investors are bullish on them. In this piece, Coin Edition explains why all three may outperform other sectors and why participants have stuck their guts with them. Memecoins For memecoins, the strength of the community is one reason investors have…
As Shiba Inu maintains a price above the $0.000025 mark, here is how much an investor needs to make $1 million if SHIB ever reaches $0.00015 and $0.0052. Shiba Inu has also faced the turmoil observed in the broader market. However, while it has given up the psychological support levels at $0.00004 and $0.00003, SHIB has shown resilience above the $0.000025 price territory, hedging against any drops below it. The Crypto Basic recently reported that Shiba Inu is about to retest the $0.000025 zone amid the persistent downturn it has observed. Nonetheless, should this occur, it would lead to a…
John Deaton has slammed Senator Elizabeth Warren regarding taxes. Deaton’s case rests on the notion that wealthy individuals shouldn’t be taxed, even the poor. This particular viewpoint contradicts Warren’s social media remarks. Warren had used the substantial earnings of big businesses and the wealth accumulating among the richest people as arguments for her anti-taxation approach. Deaton, meanwhile, favors enhancing the financial standing of the middle and poor classes without increasing extra taxes on the rich. Deaton has gained popularity for its political objectives amongst crypto fans. The pro-crypto lawyer cryptocurrency-based election campaign has attracted wide support. The simple fact that…