News About Cryptocurrencies and All Kinds of Crypto Business

Monday

Japan's Biggest Bank to Issue Yen-Pegged Stablecoin for Settlement: Report

The trust banking arm of Mitsubishi UFJ plans to use blockchain technology for securities trading with the stablecoin acting as a payment instrument.By Jamie Crawley (adsbygoogle = window.adsbygoogle || []).push({}); Mitsubishi UFJ Trust is set to issue a stablecoin as a means of payment to enable instant settlement of securities transactions, according to a report by Nikkei.The trust banking arm of Mitsubishi UFJ, Japan's largest bank...
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Thursday

Neopets Pitched a Metaverse Pivot. Fans Balked

 For many Neopets fans, an effort to bring the early-aughts classic into Web 3 is throwing up red flags.By Cheyenne LigonWhat’s crypto’s hottest play-to-earn, NFT-based pet game?If you guessed Axie Infinity, you’re right – but the Neopets Metaverse team wants to change that. At least, that’s the stated plan.The project, which launched last September, aims to bring the once-popular pet collecting game – which peaked in the early 2000s and has...
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Market Wrap: Bitcoin Bounce Pauses on Low Volume

Buyers are taking a breather, awaiting a catalyst that could push prices higher or lower.By Damanick Dantes, Angelique ChenBitcoin (BTC) traded lower on Wednesday after a brief price bounce over the past two days. Buying activity has been weak following the January sell-off, which is why some analysts remain uncertain about BTC's short-term price direction.Market indicators such as volatility and trading volume remain low, indicating a lack of conviction...
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Sunday

Market Wrap: Ether Hits New High, Outperforms Bitcoin as Altcoins Rally

 ETH is up about 11% over the past week, compared to a 3% rise in BTC over the same period.Ether, the world’s second-largest cryptocurrency by market capitalization, reached a new all-time price high of around $4,400 on Friday, topping the previous record high of $4,379 in May, according to CoinDesk data.ETH is up about 11% over the past week, compared to a 3% rise in BTC over the same period. Technical charts indicate further upside for ether...
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Saturday

Ether Reaches Record High of Over $4.4K as Shiba Inu Becomes a Leading ETH Burner

 Coin burning refers to the process of removing tokens from circulation and is the crypto market’s equivalent of a stock buyback.Ether (ETH) clocked a new all-time high on Friday as blockchain data showed that smart-contract blockchain Ethereum burned more tokens than it emitted in the last 24 hours, thanks partly to strong action in shiba inu (SHIB).The native token of Ethereum’s blockchain rose to $4,402 during Asian hours, topping the previous...
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