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Join Our Telegram channel to stay up to date on breaking news coverage Recently, Dritan Abazovic, the Prime Minister of Montenegro, declared Ripple‘s partnership with the Balkan country. The Prime Minister had a meeting with two senior executives of Ripple, Brad Garlinghouse, CEO of Ripple, and James Wallis, Ripple Vice President for the development of CBDC (central bank digital currency). The launch of this cryptocurrency will increase financial inclusion in the country. The intricacies of this new digital currency are yet to be disclosed, though, as Montenegro does not have a national currency. Since 2002, Montenegro has been making use of the Euro as its national currency; Montenegro will certainly be at the front in the field of technology once it issues its own CBDC. It is important to note that Montenegro requested to join the European Union in 2008 but has not yet received final approval. Ripple and Montenegro Came Together for CBDC Montenegro, as a nation, is alw...

Source: a video screenshot, U.S. House Committee on Financial Services / YouTube Sam Bankman-Fried, the disgraced founder of now-defunct cryptocurrency exchange FTX, has requested to meet with the new FTX CEO John Ray.  On January 2, Bankman-Fried wrote an email letter to Ray, a bankruptcy expert who took over the exchange after it filed for bankruptcy in November last year, offering his help with regard to funds or "anything else," Bloomberg reported Monday. He said in the email: "I know things haven’t gotten off on the right foot but I really do want to be helpful — whether on the funds or on anything else." The move came just one day before the disgraced crypto boss pleaded not guilty to fraud and other charges.  Notably, Ray has previously lashed out at SBF and former FTX management for their utter lack of financial and other record-keeping, which makes it difficult to trace funds. Last year, he said FTX collaps...

Source: CJ Nattanai/Adobe Several South Korean firms – and a major government organ – were named on the crypto exchange FTX’s long list of creditors. The list includes the nation’s biggest law firm, a Samsung subsidiary, and the Ministry of the Environment, Seoul Shinmun reported. Last week, Wall Street headlines focused primarily on names like the US airlines American, Spirit, and Southwest, as well as crypto players like Coinbase and Binance and media outlets such as the Wall Street Journal, Fortune, and Fox. But in South Korea, the focus fell on domestic firms. The media outlet pointed out that the Ministry of Environment’s office in the administrative center of Sejong was among the many addresses released in a court document in the USA last week. Also named on the list was Samsung Next. This firm is an IT-focused investment arm that operates under the umbrella of Samsung Electronics. The firm’s Mountain View, California, office...

The Shiba Inu Army has grown into one of the strongest online communities for its support. Through its advancements and various projects, the meme coin has also solidified its position as one of the top meme coin s. The meme coin team has been working on several different projects throughout 2022. One such anticipated launch was the Shiba Inu game, Shiba Eternity. The team has also been working on the launch of Shibarium. Even though it was expected to be launched by the end of 2022, it was dragged out due to various reasons. With Shiba Inu lead developer Shytoshi Kusama dropping hints about the launch date, here is when the community expects the launch of Shibarium. Read more: Binance Rolls Out Crypto to Fiat Feature in 7 Countries Source: Forbes Shiba Inu community speculates Feb.14 as Shibarium launch date Scrolling through Twitter and looking at Kusama’s Twitter account reveals that there has been an update to Kusama’s Twitter bio. His bio reads, ...

Bitcoin currently seems to be on track to make January 2023, its best January since 2013. Around New Year, it was priced at around $16.5k. In less than four weeks’ time, the price of the asset is already up to $23,000. As a result, the returns so far in January stand close to 40%. Six times prior, Bitcoin investors have fetched negative returns in January, while during the other four times, they’ve fetched double-digit positive gains. Only in 2013, the number stood slightly higher, at 44%. Source: Coinglass Also Read: This Bitcoin Strategy Has a 100% Win-rate in 8-Years That, however, has not been the case so far for Ethereum. The largest altcoin was trading in the $1.1k-$1.2k bracket during the initial days of January. At press time on Friday, it was seen hovering around $1.5k. As a result, its 2023 RoI stood at 31%, while in January 2021 and 2018, it registered gains in the 50%-80% bracket. Source: Coinglass Also Read: Ethereum Drops 9% Against Bitcoin: Are A...

Davinci Jeremie is well-known in the cryptocurrency circles for urging investors to buy Bitcoin back in 2013. He published a video on YouTube on May 9, 2013, asking investors to buy a minimum of $1 worth of BTC. 10 years later, the early Bitcoin adopter is possibly hinting that investors should pay attention to Shiba Inu. Jeremie predicted 10 years ago that buying Bitcoin would change people’s fortunes and deliver them life-changing gains. His prediction, of course, turned out to be true as BTC touched $69,000 in 2021. Jeremie’s remark on Shiba Inu came as a response to a user who asked “Which Altcoin should I spend my USDT on?” . The early Bitcoin adopter swiftly replied, “Umm SHIB”. Also Read: How Long Will Shiba Inu Take To Reach $0.01? Let’s Do the Math Umm $SHIB https://t.co/Q5Q5M1XK8V — Davinci Jeremie (@Davincij15) January 26, 2023 However, Jeremie’s response is short and vague with no further explanation on why...

Source: Adobe/asiraj Tesla, the electric car company owned by Elon Musk, did not sell any of the bitcoin (BTC) it holds on its balance sheet during the bear market, a new earnings report from the company reveals. According to Tesla’s earnings report for the 4 th quarter of 2022, the company held $184m worth of “digital assets” as of the end of the year, down from $218m as reported for the third quarter. The earnings report was released by Tesla on Wednesday this week: Tesla holding on to its coins The report showed that Tesla did not sell nor buy any digital assets during the quarter. That makes the 4 th quarter the second quarter in a row where Tesla has held on to its digital assets, after it sold off some $936m worth of BTC during the second quarter of 2022 to raise cash amid Covid lockdowns. The latest report did not directly comment on bitcoin or Tesla’s digital asset strategy going forward. The bitcoin price traded at around $16,500 as...

Binance has emerged to be one of the largest cryptocurrency exchanges globally in a short span of time. The exchange also has 120 million registered users across several nations. Even though trading is a seamless process, the hassle always ends up being the conversion of cryptocurrencies to their native fiat currency. Users have to convert their funds to their native currency and then withdraw them or use P2P for this process. Read more: Dogecoin Price Prediction for February 2023 However, Binance has rolled out a new feature that allows users to transfer cryptocurrencies directly to their bank, which will be auto-converted and arrive in fiat . The feature is now available to users in seven countries, including India, the Philippines, Hong Kong, Ghana, Vietnam, Pakistan, and Bangladesh. You can now transfer crypto from #Binance to your bank and it will arrive in fiat . Pretty neat! Available in selected regions. #BinanceBuild making adoption easier one day at a time. pic...

A crypto index fund is a type of investment fund that holds a basket of cryptocurrencies, similar to a traditional stock index fund. While the COVID-19 pandemic’s long-term socioeconomic effects are yet to be known, most economies are still dealing with the effects of the global financial crisis. Moreover, millions of households are under or unbanked, and there are additional obstacles faced by people, including slow wage growth, skyrocketing property costs and government debt as more and more individuals are living hand to mouth. After the global financial crisis of 2008, financial advancements like blockchain-based assets such as Bitcoin (BTC), Ether (ETH) and more cryptocurrencies emerged. However, they have been through roller coaster rides due to extreme volatility and mismanagement of businesses. In light of this, tokenized securities backed by real-world assets such as real estate, commodities or company shares came into existence. Tokenized securities use blockchain for the is...

2023 has been characterized by green candles and bullish sentiment till now. However, the state is started changing. The market has been in its consolidation phase and chart movements are nothing but sideways. In the last 24 hours, the total value of all the assets from the cryptocurrency market merely noted a 0.5% upward deviation. Ethereum’s price a gains t Bitcoin has been on the fall over the past few days. When compared to its mid-January highs, it is already down by 9.1%. As illustrated below, it is on the verge of nullifying the gains registered in the mid-December to mid-January period. The fall in Ethereum’s price a gains t Bitcoin essentially points out that the former is not in the driver’s seat. So does this mean that Ethereum will not get to call the shots for a while? Well, looks so. Source: TradingView Should investors fret? Whenever such situations have transpired in the recent past, a trend reversal has eventually materialized. In the last...

Blockchain transaction history shows that the hacker transferred the funds onto a DEX and then went on to cycle funds around different DeFi protocols. The hacker behind the $321 million Wormhole bridge attack has shifted a large chunk of stolen funds , with transaction data showing that $155 million worth of Ether (ETH) was transferred to a decentralized exchange (DEX) on Jan 23. The Wormhole hack was the third largest crypto hack in 2022, after the protocol’s token bridge suffered an exploit on Feb. 2, 2022, that resulted in the loss of 120,000 Wrapped ETH (wETH) around worth $321 million. According to the transaction history of the hacker’s alleged wallet address, the latest activity shows that 95,630 ETH was sent to the OpenOcean DEX and then subsequently converted into ETH-pegged assets such as Lido Finance’s staked ETH (stETH) and wrapped staked (wstETH). #CertiKSkynetAlert We are seeing address ​​0x629e… Wormhole Network Exploiter swap 95,630 Ether (~$155M) to stETH Stay saf...

According to data from crypto analytics firm Glassnode, the 90-Day Bitcoin’s Realized HODL Multiple has risen to its highest level since May 2022, when Bitcoin’s price was around $30,000, as opposed to current levels in the upper $22,000s. The Realize HODL Ratio (RHODL) is a ratio of the number of Bitcoins that moved less than one week ago versus the number of coins that moved one to two years ago. Glassnode says that higher values indicate a dominance in 1-week-old coins while lower values indicate a dominance in 1y-2y old coins. The Realized HODL Multiple is an oscillator that is calculated by dividing the current RHODL by a simple moving average (SMA) of the RHODL over the past 365 days. The crypto analytics firm states that “when the RHODL Multiple transitions into an uptrend over a 90-day window, it indicates that USD-denominated wealth is starting to shift back towards new demand inflows”. It “indicates profits are being taken, the...