Category: News

Big Three Credit Agency Fitch Says Stablecoin Growth Could Be ‘Disruptive’ to Securities Markets

Big Three Credit Agency Fitch Says Stablecoin Growth Could Be ‘Disruptive’ to Securities Markets

American credit rating agency Fitch Ratings, one of the ‘Big Three’ credit rating agencies, has published a report that says stablecoin growth could affect securities and commercial paper (CP) markets. The agency says stablecoins could be “disruptive” and “stablecoin-related turbulence” could “transmit shocks” to other markets. Fitch Ratings: ‘Stablecoins Could Be Disruptive for CP Markets’ […]

Continue Reading

XRP Price Analysis: XRP Price May Enter Intraday Oversold Levels, Time to Buy?

Ripple’s XRP price has recently seen a decline in volatility, after an earlier price hike three weeks ago. Its on-chain metric, the market-value-to-realized-value ratio [MVRV] could not sustain a positive outlook, hence showing that the token may be undervalued. As a payment service company, Ripple Labs now face competitive challenges from the likes of COTI, […]

Continue Reading

Breaking: The First Ever Bitcoin Futures ETF in the USA to Debut on Tuesday

The first-ever Bitcoin ETF from ProShares is all set to debut on New York Stock Exchange (NYSE) on Tuesday. The Bitcoin Strategy ETF that tracks the price of the Bitcoin Futures market would be the first of its kind to get the approval of the United States Securities and Exchange Commission (SEC) after years of […]

Continue Reading

New York State local businesses rally against Crypto Mining Centers

The New York State’s local businesses, labor groups, and several organizations have come together against allotting the city’s old fossil-fuel power plants to build crypto mining centers. The State’s Governor, Kathy Hochul received a letter from these businesses appealing to deny permits to transform the Greenidge Generating Station and the Fortistar North Tonawanda power plants […]

Continue Reading

Brazil Central Bank Report: citizens purchased $4.2 billion in crypto in 2021

Brazilians’ zeal for cryptocurrencies was recently confirmed by their 2021 crypto purchases. The exclusive Central Bank report revealed that the nation’s residents have bought $4.2 billion worth of crypto since January 2021. The latest purchase was registered in the month of August, amounting to $496 million. However, the highest purchase of crypto actives was marked […]

Continue Reading

SHIBA INU ($SHIB) Surges 15% in 10 Hours, Here’s the Bullish Indicator You Must Keep an Eye On

Shiba Inu ($SHIB), the meme coin that has overshadowed Dogecoin ($DOGE) in the past month with its mammoth rally and might break past all-time-highs (ATH) during the ongoing bull run. The altcoin recovered from the weekend price correction and surged 15% within 10-hours to regain key support of $0.000028. The altcoin is currently trading at […]

Continue Reading

Grayscale to reportedly convert the World’s Biggest Bitcoin Fund into spot ETF

The world’s largest crypto asset management firm, Grayscale is reportedly going to file an application to the SEC to convert the world’s biggest Bitcoin fund into spot ETF this week according to an anonymous source from the firm. CNBC’s report revealed that the ETF application will also have a 75-day review period. According to the […]

Continue Reading