XRP Lawyer Warns Of Delay In Crypto Rules

The US watchdog has been called out for enforcing crypto rules without providing clear instructions.

John Deaton, Amicus curiae in the XRP lawsuit claimed that the US is being left behind in the race towards crypto regulations. While he believes that a sensible crypto regulation won’t be made into law anytime soon. Read More Here…

ETH Staking Jumps ATH Ahead Of Shanghai Upgrade

ETH staking on Ethereum’s proof-of-stake Beacon Chain continues to rise ahead of the Shanghai upgrade expected in March. As per the current on-chain data, 16.16 million ETH worth $26.41 billion have been deposited into the Beacon Chain.

As per the data, 16.101 million ETH is staked on the Ethereum proof-of-stake Beacon Chain. Over 16 million ETH staked constitutes 13.4% of the circulating supply. Read More Here…

Signature Bank Puts A Minimum Transaction Limit

Signature Bank, the world’s crypto exchange Binance’s fiat partner announced that it will no longer be processing transactions of less than $100,000. This development comes as the bank is looking to limit its exposure to the digital assets market.

Crypto banks have been facing huge operational challenges amid the current market turmoil following the collapse of the crypto exchange FTX. Read More Here…

Axie Infinity Price Spikes By 45%

Amid the lowing trading volume in the market, Axie Infinity price has skyrocketed by 45% over the past 24 hours. AXS is trading at an average price of $13.30, at the press time. However, Its 24 hour trading volume has spiked by 917% to stand at $1.34 billion.

Brazil and Argentina Prepare for Common Currency

The Latin American countries of Brazil and Argentina announced that they are working on a common currency. During the Buenos Aires Summit this week, South America’s two largest economies shall discuss further plans.

The focus will be on using the new currency to boost trade and reliance between the two nations and reduce the dependency on the U.S. Dollar. Read More Here…

Crypto On A Path Of Recovery?

The digital asset market finally regained the crucial $1 trillion mark last week. The crypto market cap rose marginally on Monday to stand at $1.04 trillion. However, the trading has dropped by 14% to stand at $52 billion.