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XRP price is making its way to the upside after holding support at $0.3347 for the second time in December. The cross-border payments token was recently rejected by resistance at $0.37, prematurely snapping out of an uptrend that would have tagged $0.40 before 2023. However, a green candle is forming on the short-term 12-hour time frame bolstered by the news that Tranglo, Ripple’s official partner, has expanded its real-time cross-b order payments to Malaysia. XRP Price Flips Green Again as Tranglo Taps Malaysian Cross-border Payments Market Ripple has confirmed that its official partner, Tranglo, has expanded its international money transfer services to Malaysia, one of the ASEAN region’s fastest-growing countries. Tranglo will settle 80% of all cross-b order transactions in real time. According to the company, the expansion was overdue amid real-time transaction spikes. (3) Ripple on Twitter: “Our partner @Tranglo has officially launched real-time cross-b...

Join Our Telegram channel to stay up to date on breaking news coverage The mass exodus started in 2022 when the cryptocurrency market started to fall. In 2022, a number of well-known CEOs left their positions as the heads of crypto-focused companies, including Sam Bankman-Fried of FTX, Alex Mashinsky of Celsius, Michael Saylor of MicroStrategy, and Jesse Powell of Kraken. Different people describe different reasons for leaving their positions, such as their company going bankrupt, the cryptocurrency market’s volatility, or the corporation entering a new phase. As a result of the fall of Terra, other businesses, including Three Arrows Capital, Voyager Digital, and FTX, went bankrupt and discontinued operations. The leadership at other organizations started to crumble like dominoes but Terraform Labs CEO Do Kwon refused to step down or quit and instead fled abroad. Here is a list of some of the greatest exits from this year in chronological order. Whitney Gibbs, CEO of Co...

Source: a video screenshot. Crypto billionaires and founders of the Gemini cryptocurrency exchange, Tyler and Cameron Winklevoss, are being sued by investors over their interest-earning program Gemini Earn. In a proposed class-action complaint filed Tuesday in Manhattan federal court, crypto investors accused the Winklevoss twins and their exchange of fraud and violations of the Exchange Act, arguing that the platform failed to register their interest-earning accounts as securities.  Gemini Trust Earn program offered high-interest accounts, allowing investors to lend their crypto assets to Gemini in exchange for as much as 8% interest payments.  However, the platform halted redemptions in mid-November after Genesis Global, a subsidiary of Digital Currency Group and a key partner of Gemini, became ensnared in the crypto contagion caused by the implosion of Sam Bankman-Fried’s FTX. Gemini “refused to honor any further investor redemption...

The firm's Bitcoin holdings have declined 45% from their average purchase price of $30,397. According to a new filing with the U.S. Securities and Exchange Commission, software analytics firm MicroStrategy said that it acquired 2,395 Bitcoins (BTC) at an average price of $17,181 for a total of $42.8 million during the period Nov. 1 and Dec. 21. Subsequent to the development, the company sold 704 BTC at $16,776 per coin for a total of $11.8 million on Dec. 22. On Dec. 24, MicroStrategy acquired approximately 810 BTC for $13.6 million in cash, at an average price of $16,845 per coin.  In a Bloomberg interview published earlier this year, CEO and blockchain personality Michael Saylor told reporters: "We're only acquiring and holding Bitcoin, right? That's our strategy. We're not sellers." Today's filing represents the first publicly reported BTC sale by the firm in recent memory. In supporting the decision, MicroStrategy wrote:  "MicroStrategy plans to...

The Philippine Securities and Exchange Commission (SEC) has advised investors against transacting with un licensed cryptocurrency exchanges. The warning followed the collapse of crypto exchange FTX which “left hundreds of thousands, even millions of unsecured creditors with little to no recourse in recovering their money,” the regulator stressed. Philippine SEC Warns About Unregulated Crypto Exchanges The Philippine Securities and Exchange Commission (SEC) issued an advisory Friday warning the public against transacting with unregistered cryptocurrency exchanges. The regulator wrote: SEC strongly warns and advises the public against transacting with unregistered and un licensed cryptocurrency exchanges reachable and deemed operating in the Philippines. The advisory followed the collapse of crypto exchange FTX which “left hundreds of thousands, even millions of unsecured creditors with little to no recourse in recovering their money,” the Philippine SEC desc...

The Bitcoin price prediction shows that BTC is still attempting an upside break above $17,000 as the king coin touches the $16,967 level. Bitcoin Prediction Statistics Data: Bitcoin price now – $16,842 Bitcoin market cap – $324.5 billion Bitcoin circulating supply – 19.2 million Bitcoin total supply – 19.2 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $21,000, $23,000, $25,000 Support Levels: $14,000, $12,000, $10,000 BTC/USD range-bounds with the selling pressure seen around the $16,829 level which is stopping it from seeing any major gains. BTC could gain bullish momentum if there is a daily close above the $17,000 and $17,200 resistance levels. Meanwhile, traders are not surprised by the selling pressure as bears are trying to defend against a break above the 9-day and 21-day moving averages. However, until bulls keep the price above this barrier, the Bitcoin price ma...

Research and Market’s latest NFT market report for Italy predicts a 47.6% growth in the country’s NFT market by the end of 2022. Italy is one of the cultural hubs of Europe, with centuries of history, art and culture. Now it is also posed to create the crypto art Renaissance via its nonfungible token (NFT) market, says a new report. Data from Research and Market’s “Italy NFT Market Intelligence and Future Growth Dynamics Databook” says the country is projected to have a growth of 47.6% in its NFT market by the end of 2022. This would make the Italian NFT market hover around a $671 million valuation. Moreover, over the next five years, Italy’s NFT industry is forecasted to have a steady upward compound annual growth rate of 34.6%. The spending value for NFTs is anticipated to hit $3.6 billion by 2028. According to the report , some of the country’s success with NFTs comes from its vibrant art and culture scene. Major Italian luxury fashion brands such as Gucci and Dolce & Gabbana...

Bitcoin price prediction stays neutral during the Asian session on December 25, Christmas Day, as BTC continues to consolidate in a narrow range of $16,750 to $17,000. The global financial market appears to be seeing minimal volatility and trade activity on Christmas Day, which is holding price action in check. Similarly, Ethereum has stayed relatively stable at $1,218. Let's take a quick look at the fundamental outlook for Bitcoin and Ethereum today. Bloomberg's Top Strategist Says Ethereum Will Outperform Bitcoin Bloomberg's senior macro strategist Mike McGlone predicts that Ethereum, the second-largest cryptocurrency by market capitalization, will surpass Bitcoin in the next bull market.  According to McGlone's most recent market forecast Analysis , Ethereum has shown more durability than Bitcoin and other risk assets, suggesting it "may be a leading candidate to continue outperforming the firstborn crypto."  As of this writing, Bitcoin ...

Join Our Telegram channel to stay up to date on breaking news coverage Dash 2 Trade is one of the most important crypto presales to come out this year. It aims to equalize the crypto trading arena by providing ordinary traders access to high-end crypto intel tools. For that reason alone, and the fact this project can help people make market-beating returns in the bear season, Dash 2 Trade presale has raised more than $10.5 million. And with only 13 days and a few hours remaining till the presale concludes, it better not sit on the sidelines. Become an early mover by visiting dash2trade.com today. The Crypto Crowd is Bullish About Dash 2 Trade – For a Good Reason 2022 has been a particularly nefarious year for crypto. If the LUNA crash wasn’t enough, the FTX debacle has evaporated much of the faith people had in crypto investments. The blockchain is no longer the digital golden goose it once was, and people are extremely skeptical about crypto assets these days. Peo...

2022 is the year that most people from the crypto space will want to forget. Leaving aside the macroeconomic stability, a host of “bad news” incidents took place successively. With the durability being outrightly put to test, a few categories, like stablecoins, managed to collectively come through. Parallelly, protocols like Cardano also managed to put up a noteworthy show from the fundamental perspective. However, Binance Coin might have come up with the biggest surprise. Did BNB Chain Shield Itself From Crypto Winter? A recent blog post chalked out how BNB Chain made “significant strides” this year in terms of onboarding new users into Web3. The network’s considerable capabilities saw a “huge number” of DeFi, GameFi, and SocialFi projects deploy on the BNB Chain. As a result, the BNB Chain enjoyed significant growth in 2022, despite it being crypto winter. In terms of unique addresses, BNB Chain surpass crossed the 230 million benchma...

The cryptocurrency bear market in 2022, largely triggered by aggressive interest rate hikes from the world’s major central banks to tackle a surge in global inflationary pressures, has seen investors draw significant funds out of the asset class. According to DeFi Llama’s crypto project fundraising round tracker, the amount being raised by new projects has been in rapid decline since late 2021. After hitting $7.06 billion in November 2021, right around the time when major cryptocurrencies like bitcoin and ethereum hit their record highs, funding had slumped to only around $1.12 billion in November 2022, a near 85% decline. Investors have also yanked money from the nascent Decentralized Finance ecosystem, which has seen its total value locked (TVL) in smart contracts decline from peaks of around $250 billion at the end of 2021 to just under $60 billion at the end of 2022. But that does not mean that innovation in crypto is dead. On the contrary, innovation...