Category: Blockchain

Japanese financial and investment banking giant, SBI Group has announced plans to reward its shareholders with end-of-the-year benefits in cryptocurrency, more specifically with XRP. According to the official press release shared by the company, the move to pay the accrued benefits in XRP is to let the shareholders have a deeper understanding of SBI Group’s

Piyush Gupta, the CEO of Singaporean multinational banking corporation DBS, believes that digital currencies and tokenization of assets are now a reality, and may become a dominant factor in the future.  Bitcoin replacing fiat money? According to Gupta, DBS launched the first bank-sponsored digital exchange in December 2020, which propelled the tokenization of securities and

A non-fungible token (NFT) based on artwork has been auctioned for approximately $69.3 million on Thursday by an unidentified collector. The auction which took place at Christie’s auction house is the biggest for a digital-based artwork and had about 33 bidders, one of whom is Tron’s Founder, Justin Sun. The auctioned NFT was an artwork

Jamaica’s Minister of Finance Nigel Clarke has announced that the country intends to launch its central bank digital currency (CBDC) in 2022. During the National Budget Debate address, Clarke revealed that the Central Bank’s digital currency will be tested in December, ahead of its launch. The government of Jamaica disclosed that in light of Covid-19,

The battle between the Securities and Exchange Commission (SEC) and Ripple over how XRP should be regulated continues to stretch on. The newest development in the lawsuit occurred on Thursday. The SEC has filed a request demanding access to Ripple co-founder Chris Larsen and CEO Brad Garlinghouse’s private banking information. In an ongoing bid to

With a market capitalization of $200 billion, Ethereum (ETH) continues to grow and increase in popularity as it stands fourth in valuation among top global banks after JPMorgan Chase, Bank of America, and ICBC. The second-largest cryptocurrency has been up by 10.95% in the last seven days to trade at $1,744 at the time of

Bitcoin (BTC) was able to breach the $50,000 mark it has been trying to breach a few days ago after a price correction drove it to lows of $42,000. Its upward momentum pushed its price to a 17-day high of $57,350 earlier today even though it has retracted to $57.107 at the time of writing,

Investors in the cryptocurrency ecosystem have doubled down on the derivatives market, an action that is marked by the futures contract in the space hitting a new all-time high. According to Glassnode, the open interest across major exchanges is currently sitting on the verge of the $20 billion mark, the highest it has ever reached.

Earnings over the last 7 days have been fruitful for Binance Coin (BNB), as the altcoin maintained its position as the world’s third-largest cryptocurrency with a market cap of $43,253,758,280. BNB gained more than 15.52% on a seven-day period, per data from CoinMarketCap, and it is currently on an uptrend. BNB/USD pair will likely continue to rise

The global cryptocurrency ecosystem has been experiencing ecstasy with the inflow of funds into flagship assets Bitcoin (BTC) and Ethereum (ETH). Business intelligence and software development firm MicroStrategy was one of the first publicly-listed companies to adopt Bitcoin as a Treasury Reserve asset, a move that was soon mirrored by other mainstream investors. Since the