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 CEO Confirms Over $1 Billion Daily Withdrawals
Binance users have withdrawn around $1.14 worth of crypto from the platform today (December 13), CEO Zhao confirmed.Changpeng Zhao – CEO of Binance – said clients had withdrawn approximately $1.14…
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…
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…
OKCoin a Japan Crypto Exchange Lists Shiba Inu (SHIB)
SHIB would be listed on OKCoin Japan in the middle of February of next year.OKCoin Japan had dropped a Tuesday hint on the possibility of listing SHIB.OKCoin Japan, a major…
Bank of England Seeks Proof of Concept Wallet For CBDC
The Bank of England (BOE) advertised a call for proposals on the Digital Marketplace. The proof-of-concept was given a budget of £244,500 (around $244,500).Proof-of-concept for a wallet that may store…
Binance Clears Stance on Price surges in Alt-coins.
The team of the exchange has recognized the cryptocurrencies’ abnormal price swings. Binance has assured its users that their money is secure.While the recent large purchases on Binance are a…
European Union Regulators Sets Cap on Cash Transactions Along With Crypto Payments
On November 6th, the bloc agreed to allow cash transfers of up to €10,000 ($10,557). All forms of payment, not just cash, will be subject to the new regulations.EU member…
Bitso Exchange incorporated Chat Remittance Services in Mexico
Bitso has partnered with remittance service Felix Pago to allow crypto-powered transfers. Felix Pago is a supplier of “chat remittance technology.”As time goes on, Ripple’s On-Demand Liquidity (ODL) is becoming…