Global

In a groundbreaking move that underscores the shifting tides of global finance, India and the United Arab Emirates (UAE) have completed a crude oil transaction that bypassed the US dollar entirely, opting instead to utilize XRP, a leading digital asset.

In a move that has captured the attention of the cryptocurrency community, a crypto wallet recently received a substantial infusion of Bitcoin, valued at $2 billion, from the Mt. Gox exchange’s trustee.

Coinbase is set to introduce a new wrapped Bitcoin token named cbBTC, launching on its Base blockchain. The announcement, made via a tweet, highlights Coinbase’s ambition to create a substantial Bitcoin economic system within the Base network.

The Ethereum layer-2 (L2) scaling ecosystem has achieved a significant milestone, reaching a new all-time high for daily transactions. On August 12, aggregated daily transactions across the L2 network peaked at 12.42 million, according to Growthepie, a block space analytics platform focused on Ethereum’s L2 solutions.

Bybit has unveiled a new, comprehensive framework for listing and delisting cryptocurrencies aimed at enhancing user protection, maintaining market integrity, and fostering a healthier blockchain ecosystem.

Recent data reveals a notable increase in the inflow of leading stablecoins USDC and USDT to centralized cryptocurrency exchanges, raising speculation about a possible rise in Bitcoin (BTC) prices.

On Wednesday, Shiba Inu (SHIB) saw a minor decline of 0.1% following a pivotal loss of a key accumulation zone. Despite this, on-chain and technical indicators suggest that the meme coin might experience a brief rally if certain conditions are met.

The crypto gaming sector has experienced a lull in momentum since its peak from February to April. However, recent developments suggest that a resurgence may be on the horizon.

In a significant development for cryptocurrency investors in New Jersey, Abra, a crypto trading and lending company, has reached a settlement with the New Jersey Bureau of Securities. The agreement, which follows a multi-state investigation into the sale of unregistered securities, mandates that Abra convert the remaining crypto assets in New Jersey accounts to US dollars and issue refund checks to investors.

Ethereum (ETH) is currently experiencing significant bearish pressure following a major liquidation event by BlockTower Capital, a prominent crypto venture capital firm.

Recent predictions from analysts on the Discover Crypto YouTube channel, which boasts 1.4 million subscribers, suggest that Cardano (ADA) could potentially surge to $5.

Bitcoin (BTC) is surging once again, nearing the $60,000 mark, a significant psychological and technical target for the cryptocurrency. As of the latest data, BTC is trading at $59,256.11, with a market capitalization exceeding $1.17 trillion.