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In a recent X post, Ethereum enthusiast f1go.eth laid out a compelling case for why majors such as BlackRock, PayPal, Venmo, Sony, Coinbase, and SWIFT are investing heavily in Ethereum. As noted by f1go. eth, Ethereum’s positive aspectsits dependability, resilience, and over nine years of proven track record, are the main reasons for its success. […]
Popular community figure Amelie predicts a massive spike in XRPs price if its underlying network, XRPL, is used to process…
The post Here is XRP Price If It Processes 10% of SWIFT Transactions first appeared on The Crypto Basic.
Minima, a layer-1 blockchain focused on decentralized physical infrastructure network (DePIN) solutions, is collaborating with Mercury FX, a global currency payment solution, to develop an alternative to SWIFT, the world’s largest payments messaging network. According to a July 24 statement shared with CryptoSlate, this proof of concept will leverage MaximaMinima’s information transport layer protocolwhich allows […]
The post Minima and Mercury FX join forces to challenge SWIFT with blockchain tech appeared first on CryptoSlate.
Bitcoins price briefly dipped below a critical level for traders, sparking fears that a further correction toward $60,000 might be on the horizon.
While cryptocurrencies are rapidly revolutionising financial systems, the Society for Worldwide Interbank Financial Telecommunications (SWIFT) is trying to prevent their misuse to circumvent sanctions by Russia and China. At the London Digital Assets Summit on May 6, Tom Zschach, SWIFT’s Chief Innovation Officer, laid out how the company is enhancing
The Ethereum layer-2 solution is leveraging Chainlink for blockchain interoperability and real-world price data.
As the Consensys 2024 conference commences this week in Austin, Texas, the LINK community is abuzz with anticipation over a potential pivotal announcement from Chainlink in collaboration with SWIFT. Speculations are rife that this announcement, set for May 30 during a session on tokenization, could significantly influence LINKs market performance. Chainlink And Swift Partnership Going [...]
The post Chainlink-SWIFT Partnership Update Looms: LINK Is Set To Skyrocket appeared first on Crypto Breaking News.
Hedera (HBAR) is steadily climbing, currently trading at $0.1749, reflecting a 1.74% increase over the past 24 hours. The token also posted a 7.58% gain over the last seven days, signaling renewed investor confidence. The digital asset, known for its enterprise-grade public network, is now showcasing a key technical pattern, a falling wedge, which typically […]
Recent happenings with whales have caused turbulence in the XRP market. A transaction of 131 million XRP tokens, which is around $273 million worth, has sent jitters among investors. This occurrence comes during the tough battle of XRP in attempting to cut through the resistance at $2.16. Related Reading: Solana Hits Milestone As Canada OKs First Spot ETFs Large Wallet Transfers Raise Questions About Market Stability As per blockchain monitoring by Whale Alert, an unknown owner moved 131 million XRP between wallets in a single transaction. The activity prompted conversations on trading platforms as investors attempted to decipher the move. The wallet addresses used haven’t been traced to any known exchanges or parties, further fueling uncertainty. This was not a one-off action, though. Only 12 hours ago, another big holder transferred XRP valued at $63 million. These consecutive moves by major token holders indicate that a trend may be emerging. Some observers think these may be over-the-counter transactions, while others are concerned about potential selling pressure to materialize. 131,000,000 #XRP (273,945,648 USD) transferred from unknown wallet to unknown wallethttps://t.co/CnMiTrxABL Whale Alert (@whale_alert) April 15, 2025 Price Continues To Fail To Break $2.17 Resistance XRP has been unable to break the $2.17 barrier in recent times despite several attempts. These rejections have undermined bullish momentum and driven the price lower. According to reports, XRP traded at approximately $2.06 within the last 24 hours, and down by 4%. The digital asset had registered a positive growth in the last week with a gain of 14%. Yet this upward movement wasn’t sustained even after the noise surrounding whale movement. The unplanned realignment of tokens is causing traders immediately across the marketplace to respond adversely. Market analyst CasiTrades indicated that XRP might drop towards the support levels lower than $1.90 in case the downtrend persists. The analyst even indicated a likely drop to $1.55 if the volume of selling gains momentum higher than the present volumes. Such prices may present chances for buying once market interest re-emerges. JUST IN: SWIFT nearing agreement with Ripple to use #XRP for cross-border payments, with billions of $XRP secured in escrow as liquidity reserves. IF THIS IS TRUE WE ARE GOING TO $10,000+ pic.twitter.com/Tl4Y3FP6g6 THE RIPPLE WHALES (@RIPPLE_WHALES) April 15, 2025 Long-Term Outlook Still Remains Promising There are still some analysts who think XRP has a bright future, although it’s been weak recently. Investors get excited sometimes due to rumors of an XRP ETF and a potential agreement with payment system, SWIFT. But nothing significant has happened in the market from those expectations so far. Related Reading: Crypto Holders Beware! New Malware Drains ETH, SOL, XRP Wallets Currently, market participants are split. Large institutional trades and price pullbacks at key levels are resulting in conflicting views. The $1.90 to $1.55 support zone is critical. XRP must remain above this zone for the price to have any possibility of increasing soon. The market is still following XRP closely in anticipation of concrete news. Whale movements and the chronic resistance at $2.16 are decisive factors in the direction of the market in the next few days. Featured image from Pexels, chart from TradingView
Hedera is showing strong bullish momentum, positioning itself for a potential breakout. After facing turbulence and market volatility, the token recently touched a low of $0.18. However, it has since rebounded, aligning with the broader market recovery and setting the stage for a significant price surge. Swift’s Blockchain Integration with Hedera A major catalyst for […]
In an exciting development for the cryptocurrency world, Congressman Ro Khanna has indicated that bills regarding the stablecoin market structure are expected to be completed this year. This news comes as a positive step towards establishing clearer regulations and guidelines for stablecoins. Stablecoins have gained popularity in recent years due to their ability to maintain [...]
The post Rep. Khanna Urges Swift Passage of Stablecoin Market Structure Bills in 2021 appeared first on Crypto Breaking News.
Islamic coin, a Sharia-compliant crypto asset, has secured $200 million from ABO Digital, which brings to $400 million the total funding that the project has received. The latest capital raise is expected to give the crypto project access to funding of up to $200 million as well as to ensure that the coin “has a
The post Sharia-Compliant Islamic Coin Secures $200 Million in Funding From ABO Digital appeared first on BTC Ethereum Crypto Currency Blog.
The BTC price bottom may be in, but Bitcoin bulls are not out of the woods yet, says the DecenTrader and Look Into Bitcoin founder.
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: the Argentine Peso plunges against the U.S. dollar, Venezuela and Russia agree to develop a joint SWIFT alternative, and Bitcoin mining is still paused in Venezuela. Argentine Peso Plunges 10%
The post Latam Insights: Argentine Peso Plunges, Venezuela and Russia to Develop SWIFT Alternative, Bitcoin Mining Still Paused in Venezuela appeared first on BTC Ethereum Crypto Currency Blog.
The Russian Federation is collaborating with partners to link payment systems alternative to the interbank messaging system SWIFT, a representative of the country’s Ministry of Foreign Affairs announced. The work is part of the de-dollarization of the economy, the official indicated. Russia Seeking to Substitute SWIFT in Trade as Part of De-dollarization Policy The Russian [...]
The post Russia ‘Actively’ Working on SWIFT Alternatives, Foreign Ministry Official Says appeared first on Crypto Breaking News.
The share of the U.S. dollar usage for international payments has risen to 42.71% in April, despite the push of some countries towards de-dollarization. The dollar remains the most used currency in international settlements, with the euro taking second place according to data from the Society for Worldwide Interbank Financial Telecommunications (SWIFT). U.S. Dollar is [...]
The post SWIFT Data Shows Despite De-Dollarization Push, US Dollar Is Still the King of International Settlements appeared first on Crypto Breaking News.
Binance has also had problems with its banking partner for United States dollar transfers over the last few months.
Binance is scrambling to find a new service partner to process British Pound (GBP) transfers on its trading platform after its current partner, Skrill Limited announced it will soon cease providing services to the crypto exchange. Binance explained in a Mar. 13 email to “Binancians” that Skrill would stop processing GBP deposits and withdrawals via [...]
The post Binance to lose its GBP on-and-off ramp provider in 9 weeks appeared first on Crypto Breaking News.
According to SWIFT, 24% of central banks will introduce a CBDC within the next couple of years.
Binance will temporarily pause USD transfers as it looks for a new US-based banking partner to process SWIFT transactions. What – Binance will pause US [...]
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