The island nation of Palau is the latest country to announce a partnership with Ripple. The collaboration is set to explore the country’s strategy for a national digital currency with the XRP Ledger (XRPL). The Western Pacific country and Ripple are now looking at the first-ever USD-backed digital currency, along with strategies for cross-border payments.Continue reading “Ripple joins hands with Palau for ‘world’s first government-backed stablecoin’”

The news of Jerome Powell’s renomination as the U.S. Federal Reserve Chair is expected to impact the broader markets. However, most analysts believe that it’ll be positive for the crypto sector. Mike Bailey, director of research at FBB Capital Partners told Bloomberg, “For die-hard crypto bulls, another Powell term may provide some confirmation bias, sinceContinue reading “What makes crypto a ‘healthy market,’ and one that ‘will continue to develop’”

Following a Twitter discussion on the differences in blockchain size of Bitcoin and Ethereum, BitMEX has released research touching upon those points. In response to the following tweet, Peter McLasso had also added that “Ethereum full archival node is 9TB when Bitcoin node is 412GB.” Therein, he might be referring to the archival node, as pointedContinue reading “Why comparing Ethereum, Bitcoin blockchain size is ‘not always particularly relevant’”

Ethereum co-founder Anthony Di Iorio applauded the blockchain’s progress in a recent interview, reiterating that “it is where it should be.” “I think it’s beyond my wildest imagination of where it’s [Ethereum] gone, and that it’s become a household name for most people now. It is just been fantastic.” ETH – Is it where it shouldContinue reading “Ethereum co-founder thinks this asset is ‘where it should be’ today”

Kazakhstan’s President Kassym-Jomart Tokayev is reportedly contemplating turning to nuclear energy, amid power shortage in the country. Nuclear power to the rescue In a recent event, the head of state was quoted as saying, “We are already feeling the first signs of a shortage of electricity in Kazakhstan…Therefore, looking into the future, we will haveContinue reading “Kazakhstan turns to nuclear power, as it is ‘already feeling first signs of electricity shortage’”

Online marketplace MercadoLibre will now allow buying and selling of crypto through its digital app, reported Bloomberg. The Latin American giant MercadoPago is also set to offer crypto investments to its Brazilian customers soon. The report quoted the company’s vice president Tulio Oliveira that the broader rollout is expected shortly after a smaller pilot wasContinue reading “Latin America’s MercadoLibre to introduce crypto-offerings in Brazil”

South Korea’s anti-money laundering unit recently approved Bithumb’s application to enable crypto services after a long wait. Almost 70 days to be precise. Earlier today, Heo Baek-young, CEO of Bithumb, thanked its customers for accepting the exchange as a virtual asset business operator. In the translated customer letter, Baek-young added, “Bithumb is contemplating various waysContinue reading “After approval, can Bithumb shake Upbit’s crypto monopoly in South Korea”

XRP Ledger has activated the NegativeUNL amendment in the system, two weeks after the initial update. The XRPL Foundation noted it as an important event, stating, “While we continue to expect high performance levels from validators on our UNL, this provides additional safety when validators are offline for any reason.” And just to reiterate, theContinue reading “XRP Ledger activates the NegativeUNL amendment on its network”

While the Indian administration is making an attempt to onboard policymakers for a progressive crypto law, recent reports also suggest otherwise. With watchdogs like the central bank maintaining a cautious stance on the sector, India might allow only pre-approved tokens to trade. Recently, Swadeshi Jagaran Manch (SJM), a political organization in the country also suggestedContinue reading “Indian businesses ride crypto-wave despite uncertain regulatory framework”

Ethereum’s market cap dropped below $500 billion at press time. Needless to say that Ethereum’s short-term weakness doesn’t really bother its long-term investors as it still holds over $166 billion in TVL. What’s coming? Well, the network is gearing up for ETH 2.0, its biggest upgrade since 2015. As per developer Tim Beiko, both ETHContinue reading “Developer shares insights on ETH 2.0 and why he’s ‘feeling good about Ethereum right now’”

Binance Smart Chain has pinned the date for its next hard fork upgrade scheduled for block 13,082,000. It is estimated to occur on 30 November at 08:00 AM UTC, as per a note on the website. With that, it is worth noting that BSC has been doing well on the DeFi front. At press time,Continue reading “Everything you need to know about Binance Smart Chain’s upcoming Bruno Upgrade “

Individuals who hide behind the anonymity of cryptocurrency transactions to defraud investors should expect that the SEC will trace their illegal activity and hold them accountable for their actions The Securities and Exchange Commission (SEC) has charged a California-based promoter for alleged Bitcoin-related fraud, the regulator announced on 18 November, 2021. The promoter, Ryan GinsterContinue reading “Those ‘hiding behind anonymity of crypto transactions’ will be accountable, SEC warns”