Category: Cryptocurrency News

As a result of the recent massive rises in the Bitcoin price, the Bitcoin unit (1 BTC ~= 60000 USD) has become too cumbersome for regular daily use. As a result, the Bitcoin has rallied around satoshis as an alternative unit, with 1 sat = 1/100m BTC. 1 sat is currently within a factor of…
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The monetary authority in Moscow, the Bank of Russia, wants those who use cryptocurrencies against the law to be held accountable. The financial regulator has proposed the introduction of legal liability for some operations with digital assets which it considers illegal. Central Bank of Russia Aims to Prevent Circulation of Decentralized Currencies Cryptocurrencies in the […]

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CRO has recently pumped due to the marketing campaings and the release of the Cronos chain. However, CRO is also used to get the Crypto.com cards, as well as to reduce the fees on the exchange. ​ On a summer AMA Crypto.com's CEO, Kris, stated that the exchange for USA customers (a proper exchange not…
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PRESS RELEASE. Recently, on the 23rd of November, SpaceSeven launched its state-of-the-art NFT marketplace. The SpaceSeven marketplace is the first of its kind — one of the few — if not the only scaled e-commerce, fully regulatory compliant platform. By combining powerful NFT marketplace technology from Tacans, a Swiss-based Software development house, and Venture Builder, […]

Digital payment network Ripple has partnered with the Republic of Palau to develop its own digital currency. The payment network is still on a mission to dominate the global payments industry. That is, despite the issues it is dealing with in the U.S. Related Reading | SEC Takes Blow In Action Against Ripple, Will It Impact XRP Price? Like El Salvador, the country does not have its own fiat currency or even a Central Bank. Its legal tender, instead, is the U.S. dollar. The partnership with Ripple will focus on developing a USD-backed digital currency, more like a stablecoin rather than a central bank digital currency (CBDC). This currency would help facilitate cross-border payments for the nation. Ripple Develops First-Ever Government-Backed National Stablecoin According to a Tuesday announcement by Ripple, the partnership will focus on developing strategies for cross-border payments. The implementation of this plan means that Palau would have the world’s first government-backed national stablecoin. Related Reading | XRP Builds Momentum With 7% Increase As Ripple Launches New ODL Partnership Ripple, with its experience in building global payment systems, plans to implement the national stablecoin in the first half of 2022. And also provide Palau with technical, business, design, and policy support. Palau’s President Surangel Whipps Jr. expressed pleasure about the partnership with Ripple to advance financial innovation and technology in the country. He also acknowledges the potential of blockchain technology in transforming the country’s economy. “The first phase of the partnership will focus on a cross-border payments strategy and exploring options to create a national digital currency, providing the citizens of Palau with greater financial access.” Palau chose to create its digital currency on  XRP Ledger (XRPL) as an alternative to central bank digital currencies (CBDCs). Being carbon-neutral and 120,000x more energy-efficient than proof-of-work blockchains is an added advantage. Additionally, the XRPL provides other benefits like scalability, speed, and low cost. XRP at $1.025 | Source: XRPUSD on TradingView.com “We are excited to be working with Palau to achieve its financial and climate-related goals,” said James Wallis, VP of Central Bank Engagements at Ripple. “We have a wonderful opportunity to bring together our technology and experience with the unique characteristics of Palau to make a real economic and social impact for the country.” This partnership is ideal, given both parties’ concerns for climate and the environment. Ripple’s Carbon Net-Zero Goal Last year, the leading provider of enterprise blockchain solutions for payments committed to carbon neutrality by 2030. Subsequently, Ripple co-created EW Zero, a tool to ensure sustainability in the blockchain industry. And the XRP Ledger Foundation was the first to use this tool. About two months ago, the company also partnered with Bhutan, the only carbon-negative country in the world, to develop its CBDC. Featured image by Financial Times, Chart from TradingView.com

“Nothing will change in the BRD wallet app and as always, your funds are safe and secure,” said BRD CEO Adam Traidman and co-founder Aaron Voisine.

Moons are r/CryptoCurrency's version of Community Points. Community Points are a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community. Moons are distributed every 4 weeks based on contributions people make to r/CryptoCurrency. For every distribution, Reddit publishes karma data as…
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The SEC is opening discussion on crypto and blockchain technology with regard to American investors.