Crypto Market Rallies as U.S Inflation Drops to 7.1% For November
The US consumer price index drops from October’s 7.7% to November’s 7.1%. The inflation statistics sent the price of bitcoin (BTC) soaring by more than 6 percent. The publication of…
MakerDAO Relaunches DAI Savings Rate With Hiked Interest Rate
Decentralized and tied to the US dollar, DAI is MakerDAO’s stablecoin. To raise the interest rate by 100 basis points was approved by a majority of voters. MakerDAO is reintroducing…
Binance blocked Withdrawals Of USDC coins As panicked Investors withdrew $2Billion over doubts.
Crypto exchange Binance freezes withdrawals of stablecoin USDC as rattled investors pull $2 billion in funds Binance has temporarily paused withdrawals of a major stablecoin after customers pulled over $2…
Canada establish New tough Guidelines For Crypto Exchanges
The regulator requires firms to keep their customers’ assets separate from their own. Exchanges will have to comply with prohibition on margin and leverage trading.If they want to operate in…
AliPay Integrates Digital Yuan For Instant Payments to boost Adoption of the CBDC
The Ant Group operates AliPay, the dominant digital payment system in China. The Group is a subsidiary of the Alibaba Group and is in the midst of a massive overhaul.…
Argo Blockchain in need of Funds Desperately and Seeking it To Survive
Argo disclosed selling part of the Bitcoin it had mined during the market downturn.The firm said it was back in business on the LSE as of December 12. In an…
Coinbase Shares Crash to All-time Low
COIN hit a new low of $39.65 at the start of trading on this Monday. The price has fallen 60% from its all-time high of $98 in early August. Last…
Tron’s Native Stablecoin USDD Depegs Trading Now at $0.97
Apparently, after Sun’s massive trade, USDD is currently at $0.974. With a current market valuation of $708 million, USDD is the ninth biggest stablecoin. Early on Monday, Justin Sun said…
Goldman Sachs Explains How to Regulate Crypto After FTX
Goldman Sachs believes regulators should focus on crypto’s trusted, centralized entities – but not the blockchain.Goldman Sachs published a research note on Friday covering blockchain technology and the recent demise…
Bitcoin To Reach $1M says Samson Mow
Samson speculates BTC to reach a $1 million price.This ought to take place within the next five to ten years. El Slavador’s BTC legal tender is the best decision by…