Do You Know the Latest Cryptocurrency News Today?

Why Ethereum Will Rise in 2021 - Best Cryptocurrency Tutorial Crypto space echoed with a succeeding take off in the early weeks of 2021. BTC broke its previous all-time high of $20,000 to a whopping double rally. With Bitcoin crossing over to the $40k territory, Defi space thrived and the global crypto market cap broke the $1 trillion mark for the first time in history. Where Bitcoin was breaking the glass ceilings, Ethereum was striving in its own zone.

Elon Musk Changes His Twitter Bio for Bitcoin - Bitcoin News Tesla and Space X’s CEO Elon Musk has changed his Twitter bio today for Bitcoin. Musk, who was recently announced as the world’s richest person, has taken to Twitter and wrote “#bitcoin” under his name. And that is all his bio has to say at the moment. After this activity, Bitcoin’s price has surged by $5,000, rising from $32,000 to $37,000 in half an hour. Indian Government Yet Again Proposes a Ban on Bitcoin - Cryptoknowmics Central banks in India are recently found exploring the option of digitizing the Indian Rupee again, as the RBI booklet titled “Payment and Settlement Systems in India” on payment systems comes into focus. Adapting to the culture of CBDC’s would relatively be a piece of exhilarating news if the daunting possibility of a crypto ban wouldn’t have followed in the trail. Today, the legislative order of business saw a bill, banning private cryptocurrencies in India. Although at a lack of details, the bill clearly proposes to tank the largest crypto assets including Bitcoin, Ether, Ripple, and others in the near future.

U.S. Federal Reserve Hiring Manager for Researching Stablecoins and CBDCs The U.S. Federal Reserve is looking to hire a manager for its digital innovations policy program. The job entails researching key areas such as stablecoins and central bank digital currencies. As per the Linkedin update posted by the government agency, the manager will be looking into the impact of digital innovations on its operation. The hire will also look into the oversight of financial services, also the supervisory and regulatory framework of emerging payments platforms, activities, and institutions. Managerial Program Focuses on the Intersection of Digital Technologies and Payments Cynthia Lummis to Launch Financial Innovation Caucus For Crypto Education U.S. senator Cynthia Lummis has recently announced to launch a Financial Innovation Caucus, to spread crypto education across the fellow senators. She is the first U.S. senator in history who is holding Bitcoin. She has announced this on Anthony Pompliano’s podcast on February 02, 2020.

Tether Market Dominance Drops Below 75% for the First Time In the stablecoin market, Tether has been on the top for the past three years. The reason behind this dominance is that there are around 27 billion USDT in circulation, at the moment. However, according to the latest data from CoinMetrics, it is revealed that Tether’s market dominance has dropped below 75%.

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How Much will Ripple be Worth 5 Years 2020 has been one ride to remember for Ripple. It had an excellent start, with the chart of XRP going up almost throughout the year. However, things turned out to get dizzy for Ripple as the tables turned just before 2020 Christmas after the Securities and Exchange Commission (SEC) filed a lawsuit against Ripple. Due to this, Ripple’s XRP market cap came down to $11 billion (at the time of writing) from $24 billion on 21st December 2020, i.e., just before the lawsuit was filed. Ripple lost more than $13 billion worth of market cap in just one month. It is a clear indication that the price of XRP is going to get affected dramatically in the future.

How to Mine Ripple Coins Ripple’s XRP is one of the top cryptocurrencies in the crypto market today. The year 2020 was one of the best years for Ripple as it was performing at its best. The price was reaching places and for a pretty long time, it secured 3rd place in the CoinMarketCap. Things started to see a downside only after the U.S Securities and Exchange Commission (SEC) filed a lawsuit against Ripple. Elon Musk Breaks His Twitter Silence and Sends Dogecoin 50% Up Elon Musk, the CEO of Tesla and SpaceX, has done it again with another series of Dogecoin-related tweets. The immediate effects of Musk-initiated pumps resulted in a 50% surge for the asset in merely minutes after his tweets. In less than an hour, the token went from $0.39 to a high of $0.60. While this 53% surge was impressive on its own, Doge’s 24-hour performance was even more remarkable – an increase of 80%.

Industry Leaders Anticipate Bitcoin Worth More than Gold Industry leaders across the globe are anticipating that Bitcoin will be worth more than gold. For instance, Eric Peters, the CEO and co-founder of One River Asset Management, has placed the value of Bitcoin at approximately $500k, while expecting the leading cryptocurrency to be worth more than gold. While Bluford Putnam, chief economist and managing director of CME Group, sees bitcoin as an emerging competitor to gold.