Market News

VeChain Partnership Integrates Pharmaceutical Industry
VeChain Partnership Integrates Pharmaceutical Industry

Their complimentary technologies have been integrated as a result of their partnership. The Goods provided are an essential aspect of human life and nutrition. VeChain Thor (VET) is a blockchain designed to address real-world economic issues. In August, the VeChain team announced a partnership with TruTrace Technologies in a blog post. TruTrace is a blockchain platform developer for the legal cannabis, food, apparel, and pharmaceutical industries.  The collaboration has resulted in the integration of their complementary technologies, as part of a drive to increase the usage of blockchain to assure product provenance and authenticity. Food, clothing, medications, and even the

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Crypto Investor: British Pound Dropping Like Shitcoin
Crypto Investor: British Pound Dropping Like Shitcoin

The pound drops to a new record low after the UK stressed more tax cuts. Crypto investor Lark Davis compared the dropping GBP to a ‘Shitcoin’. The Bank of England is expected to make a move if the situation gets worse. The British pound (GBP) plunges to a record low after the UK government vowed to assert more tax cuts, which fuels uncertainty that will bring new tax policies that will affect both equities and cryptocurrencies. In a tweet, popular bitcoin and crypto investor Lark Davis told his 1 million Twitter followers how troubled he was with the plummeting price

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Interpol Requests Global Arrest of Terra’s Do Kwon
Interpol Requests Global Arrest of Terra’s Do Kwon

Interpol seeks worldwide arrest to Terra’s co-founder Do Kwon. Seoul Prosecutors said Kwon was “obviously on the run.” Reportedly, Kwon was charged with the collapse of Terra’s ecosystem. The International Criminal Police Organization (Interpol) sent out a “Red Notice” request to law enforcement all over the world in order to “locate and arrest” Terraform Labs founder Do Kwon. According to an article published by Bloomberg, South Korean prosecutors in Seoul sent them a text message, confirming the international police organization’s issuance of a Red Notice for Kwon. Thus, acknowledging the charges Kwon faces in the country corresponding to Terra’s downfall.

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Moscow-Exchange-To-Become-a-Cryptocurrency-Exchange
Moscow Exchange To Become a Cryptocurrency Exchange

MOEX is imposing a bill to make it a crypto exchange. The measure lies in the hands of the Central Bank. Twitter users have criticized the move by the Moscow Exchange. The largest stock market, the Moscow Stock Exchange (MOEX), has agreed to draft legislation allowing it to function as a cryptocurrency exchange. This is brought to us by an update from the Bitcoin Archive. The demand for cryptocurrencies grows day by day, and various governments, notably Russia, are seeking measures to satisfy it. The measure by the Moscow exchange is presently in the hands of the Central Bank, which

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CMC: The Market Is Finally Greener
CMC: The Market Is Finally Greener

According to Coinmarketcap`s Daily Chronicle, “it’s finally green”. The overall market has seen a Total Market Capitalization of $929.44 Billion. Bitcoin is up by 3.68 percent. The current crypto downturn has seen individual traders, as well as organizations and cryptocurrency pairs, suffer severe losses in their operations. However, according to Coinmarketcap`s Daily Chronicle, “it’s finally green.” The CMC media team believes that even when the changes are minor, it’s still getting green. This comes after the overall market has seen a Total Market Capitalization of $929.44 Billion which is significantly a 0.65 percent increase over the last 24 hours. The

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XRP Makes 50% Gain Leaving Top Coins in the Dust
XRP Makes 50% Gain Leaving Top Coins in the Dust

XRP is the top gainer among leading cryptocurrencies with an almost 50% surge in the last 7 days. Earlier this week, Ripple executives requested the judge to expedite the lawsuit. On the other hand, leading cryptocurrencies are struggling to regain key support levels. XRP makes the headline in the crypto space as the altcoin poses an incredible surge. In the last 7 days alone, the embattled cryptocurrency has skyrocketed by around 50%. As seen from the chart above, XRP has made a convincing surge. This is despite recent assaults that various financial markets have received due to widespread fear, uncertainty,

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Nomura-Has-Launched-a-Crypto-Focused-VC-Unit
Nomura Has Launched a Crypto-Focused VC Unit

Nomura is establishing a new venture capital division. The unit will invest in businesses within the digital ecosystem. Steven Ashley and Jez Mohideen will lead the new division. One of Japan’s largest investment banks, Nomura, is establishing a new venture capital division to make investments in the cryptocurrency market. According to a statement released by Nomura on Wednesday, the unit will invest in businesses within the digital ecosystem with a focus on web3, blockchain infrastructure, decentralized finance (DeFi), and centralized finance (CeFi). The first offering from Nomura’s new digital assets division, Laser Digital, which was given the name today, will

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Jamie-Dimon-Slams-Crypto-Tokens
JP Morgan Execs Make Opposing Statements on Crypto

JP Morgan CEO Jamie Dimon claims cryptocurrencies are decentralized Ponzi schemes. Global Head of Payments Takis Georgakopoulos revealed that they are seeing a decline in the use of crypto for payments. Head of Global Operations Marko Kolanevic believes crypto will rally in 2023 alongside stocks. JP Morgan executives have made strong — and albeit contradictory statements — about cryptocurrency in the last couple of days alone. On one side of the ring, CEO Jamie Dimon blasted cryptocurrency, claiming that it is nothing short of a decentralized Ponzi scheme. In congressional testimony last January 21, Dimon said that he remains a

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Robbery-of-Ones-Own-Bank-Has-Become-Heroic-in-Lebanon
Robbery of One’s Own Bank Has Become Heroic in Lebanon

Lebanese depositors are demanding access to their money. People have witnessed the erasure of an entire way of life. Lark Davies: “Keep starking Bitcoin”. A Times correspondent Ben Hubbard, who has spent much of the past decade in Lebanon, reports that “it genuinely feels like the country is falling down.” People have witnessed the erasure of an entire way of life. In the same regard, depositors in Lebanon held up two banks to demand access to their own money that was frozen in the nation’s crippled banking system, highlighting the despair of those who have been unable to access funds

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SHIB, XRP, ADA, ETH Social Interest Spike Amid Collapse
SHIB, XRP, ADA, ETH Social Interest Spike Amid Collapse

Santiment released statistics regarding cryptos with the most social interactions. Cryptocurrency markets took a severe beating over the past week. Cardano is almost ready to launch its long-awaited Vasil hard fork. With cryptocurrency taking a recent dive in value, it’s interesting to see where social interests have now shifted. The leading cryptocurrency on-chain and social metrics platform, Santiment, has published intriguing statistics about the top cryptocurrencies with a lot of social interactions. The top cryptocurrencies with strong social interests in the previous few days include Ripple (XRP), Cardano (ADA), Shiba Inu (SHIB), Ethereum (ETH), and Polygon (MATIC). “Cryptocurrency markets took

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Cryptocurrency market value slumps under $1 trillion
Cryptocurrency market value slumps under $1 trillion

Global cryptocurrency market cap falls under $950,000,000,000. Investors sold out riskier assets in the previous two months. The technology that underpins cryptocurrencies has significant uses in industries. According to the statistics website CoinMarketCap, the value of the cryptocurrency market on Monday dropped below $1 Trillion for the first time since January 2021, dropping as low as $950,000,000,000. The market for cryptocurrencies as a whole reached a peak of $2.9 trillion in November 2021, but it has since sputtered. Due to soaring inflation and concerns that central bank interest rate increases will stifle growth, investors sold out riskier assets in the

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Binance Argentina Visa Card Now Supports Shiba Inu
Binance Argentina Visa Card Now Supports Shiba Inu

Shiba Inu is now one of the currencies supported by Binance Argentina. Among others, Binance Coin (BNB) was formerly supported. The arrival of the new coins will result in modifications to Payment Priority. Shiba Inu is now among the coins supported by Binance Argentina’s cards in that nation. More than 90 million retailers globally accept SHIB payments, according to the official statement on Twitter. Notably, consumers will also benefit from rebates and savings on ATM fees. As a result, Binance Argentina introduced a special offer for the new card processors. Between September 12 and September 30, the first 5,000 users

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