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At 5:22 a.m. EST today, September 13, TON’s price is $1.92, representing a 14% gain in the last 24 hours. Also, it has grown 9% in the previous seven days. This surge is likely due to the integration of Toncoin into the popular messaging app Telegram, exposing it to more users.  Telegram Integrates TON Spiking Price. Is This a Breakthrough? The global messaging app Telegram announced the Toncoin network as its preferred blockchain for Web3 operations and its integration into the App’s user interface.  📣 Major news from #TOKEN2049 – #TON-based @wallet_tg goes live for @telegram's 800 million users, in new integration. 🎉 Let’s celebrate the largest #Web3 onboarding event ever, together! Comment #TONxTelegram, retweet, and scan to get $TON in 2 taps! pic.twitter.com/NyeMz71vbC — TON 💎 (@ton_blockchain) September 13, 2023 The news led to an almost immediate spike in the price of Toncoin, benefiting from the broad exp...

Gary Gensler, Chair of the SEC, testified before a Senate Committee regarding his view on crypto and the regulator’s general oversight. On Sep. 12, the US Securities and Exchange Commission (SEC) Chair Gary Gensler appeared before a Senate Banking Committee chaired by Senator Sherrod Brown to testify on his commission’s regulatory oversight and Gensler’s stand on the crypto industry. Sen. Brown opened with scorching remarks about the crypto industry, noting that there are a few millions in losses every day caused by fraudsters and a lack of transparency. “The problems we saw at FTX are everywhere in crypto”, said Brown, referring to FTX’s $8 billion implosion in November 2022 due to risky bets and commingling of customer funds. When asked by the Senate Banking Committee Chair whether compliance with existing financial laws could save American investors from billions lost to crypto fraud, Gensler replied saying:  “If they were to live up to the investor protection b...

Since 2022, Swan Bitcoin CEO Cory Klippsten has been alleging criminal conduct by Ripple executives. Last week, Ripple announced its acquisition of Swan Bitcoin ’s major custodian , Fortress Trust. Whoops. A few months ago, Swan Bitcoin transitioned from Prime Trust to Fortress Trust and BitGo. Prime Trust is in bankruptcy proceedings. Fortress Trust also allegedly lost funds from its hot wallets in another security incident. Ripple is allegedly making harmed Fortress customers whole as part of its acquisition. Swan Bitcoin claims that although Fortress lost funds in a security incident, that incident did not involve Swan Bitcoin’s customers. It claims, “Swan client coins are in insured cold wallets at BitGo and did not move during the reported incident at Fortress. The coins are protected by video calls and physical access, and are not subject to any incidents at Fortress.” Moreover, Klippsten claims that Lloyd’s of London underwrote insurance of up to $250 million per bitco...

Crypto enthusiast Bill Morgan tweeted today that XRP was not able to rebound as strongly as BTC. At press time, CoinMarketCap indicated that XRP was down 1.77% while BTC was up 0.08%. XRP’s price was resting on a positive trend line that had formed on its chart over the past 2 weeks. Crypto enthusiast Bill Morgan, revealed in a tweet today that the price of Ripple (XRP) was able to bounce back slightly over the past 24 hours. During this time, Bitcoin (BTC) and the rest of the altcoin market experienced the same trend. However, he noted that altcoins recorded a bounce that was weaker and quicker than that of the market leader. XRP price bounce back v. Bitcoin price bounce back over the last day. There is some correlation but the XRP bounce is weaker & more quickly & deeply reversed. This broad pattern is seen in other altcoins. None of this is specific to XRP even if XRP’s performance looks esp. tepid. pic.twitter.com/PxWPzN0ehh — bill morgan (@...

Sandbox co-founder Sebastian Borget says the metaverse sector is thriving in Hong Kong, Korea, and Japan. The metaverse might feel like it's “dead” for users living in the United States but the industry is thriving throughout Asia, says The Sandbox co -founder and COO, Sebastien Borget. Speaking to Cointelegraph at the Asian Blockchain Gaming Alliance's Web3 Summit in Singapore on Sept. 12, Borget said that over the last year, roughly 50% of Sandbox’s business has come from several countries in Asia. “If you don't focus on Asia, you will think the metaverse is dead from the North American and the Western side,” said Borget. “But it's so hot in Asia. Hong Kong and Korea are the top two markets followed by Japan.” Meanwhile, Borget noted that he is soon to announce the launch of Lion City on stage at Token 2049 in Singapore, a new neighborhood of 512 virtual land plots in the Sandbox metaverse, that aims to showcase Singapore’s culture through a partnership with a num...

Out of the 195 countries in the world, 130 are looking towards building their own Central Bank Digital Currency ( CBDC ). Therefore, 98% of the world aims to launch their respective CBDC s, making it easier to settle cross-border transactions. The CBDC ’s development gained momentum after the BRICS alliance called for De-dollarization early this year. Large-scale usage of digital currencies approved by the central banks of developing countries could put the U.S. dollar in jeopardy. Also Read: BRICS: Saudi Arabia Will Become the Next Europe, Says MBS So will the U.S. also launch a digital dollar to be ahead of other CBDCs and the onslaught from BRICS? In this article, we will highlight the Fed’s stance on launching a U.S. dollar-powered CBDC currency. BRICS: Will U.S. Launch CBDC Currency & Challenge De-Dollarization? marketwatch.com / GETTY IMAGES/ ISTOCKPHOTO Michael Barr, the Federal Reserve’s Vice Chair for Supervision, confirmed that the U.S. might not ...

This development is quite positive for Indian crypto investors as it marks a shift from the central bank’s previous stand of having a blanket ban on cryptocurrencies, a government official said. “If any country wants to ban it you can ban it, but if the rest of the countries are not banning it will be extremely difficult to implement the ban,” said the official. advertisement The official further added that although G20’s agreement on crypto regulation is important, it is essential that all member states take coordinated actions. On the international front, India is actively advocating for a consensus on cryptocurrency regulations within the G20 framework. India was the first to talk about the inclusion of cryptocurrency on the G20 agenda. Moreover, the government is working to foster agreement on crypto regulations even among countries not part of the G20. The aim is to extend these discussions beyond the G20 group, stated the official. ...

Join Our Telegram channel to stay up to date on breaking news coverage The Ethereum Merge is slated to happen on September 15, and it will see the Ethereum network transition from a proof-of-work to a proof-of-stake network. As the Ethereum community anticipates this Merge, the world’s leading Ethereum mining pool, Ethermine, has launched a new staking pool for users. World’s largest Ethereum mining pool unveils ETH staking service The new Ether staking service will allow Ethermine members to collectively stake their Ether tokens to earn interest on their deposits. Users can stake a minimum of 0.01 ETH, equivalent to around $159. However, the smaller the holding of ETH staked, the higher the fee charged. Stakers will also be eligible for an annual ETH interest rate of 4.43%. The Ethermine pool has so far received 393 Ether, valued at around $626,000 at the current prices. These staking pools hold significance because they provide competitive interest rates and hav...

Shiba Inu (SHIB) supply in Robinhood increased after Shibarium. Meanwhile, the market is fawning over Borroe. Finance’s (ROE) presale follow ing its token price increment. Maker (MKR) is also firm after talks of a new blockchain.  Although SHIB, ROE, and MKR are rising, investors are bullish, expecting Borroe.Finance to be among the top altcoins in 2023.  $280 million SHIB purchase highlights growing demand Following the launch of Shibarium, SHIB’s supply in Robinhood rose by nearly 70%.  Data from Arkham Intelligence shows that the trading platform’s supply has rose to 14 trillion SHIB over the past three weeks, pushing their total holdings to over 34 trillion, worth roughly $279.85 million. You might also like: Arkham: Robinhood is fifth-largest Ethereum holder The move could signal growing demand. Interestingly, the increase follow s the launch of Shibarium. Subsequently, follow ing this spike over the past few weeks, support...

Join Our Telegram channel to stay up to date on breaking news coverage The  Ripple (XRP)  coin continued its long winning streak, reaching a high of $0.5582 before falling to $0.4274. Last week, the price of Ripple (XRP) skyrocketed, making it the fastest growing of the top ten currencies. The reason for its upward rally could be attributed to investors’ hopes that the  SEC’s lawsuit  against Ripple will be resolved. However, the XRP/USD pair has given up all of its gains due to a bearish bias in the cryptocurrency market . Furthermore, the fear & greed index indicates Extreme Fear, indicating that the market is exhibiting risk-off sentiment and is attempting to keep investment in safe-haven assets.       As a result, this was regarded as one of the primary factors influencing Ripple pricing. Meanwhile, the US dollar’s decline in value aided the gains. Ripple (XRP) Seeks SEC  Lawsuit Settlement The current down...

Join Our Telegram channel to stay up to date on breaking news coverage Litecoin (LTC) price started a recovery toward $100 as investors scrambled to seek a safe haven for their investments following the FTX-induced crash. However, the price was rejected by the $80 psychological level causing LTC to turn down to the current price of around $72. Due to the recent price downturn, the majority of LTC investors are in losses. However, for another move upward, Litecoin may need support from the wider market.  Here, an Analysis of Litecoin’s recent price action is presented giving reasons why an upside correction could be on the radar for the altcoin.  1. A Significant Support Zone Litecoin started a recovery rally toward the $100 psychological level on November 22, recording an impressive 33% climb to brush shoulders with $83.5 on November 25. Buyers’ attempts to pump the price higher were frustrated by overhead pressure from the $80 supply zone. At press time, the 13th largest cry...

The BRICS alliance inducted six new countries into the bloc at the 15th summit in Johannesburg last month. Out of the six countries, five are oil-producing nations that export millions of barrels across the globe every year. The six countries joining BRICS are Saudi Arabia, the UAE, Egypt, Iran, and Ethiopia, while Argentina is the only non-oil-producing country. There’s a high risk that Saudi Arabia and the UAE might start accepting local currencies for oil and ditch the U.S. dollar. Also Read: BRICS Discussing ‘Unified Settlements’ as Alternate to the US Dollar The new mission of BRICS is to end reliance on the U.S. dollar and promote local currencies for global trade. Therefore, chances are high that Saudi Arabia might consider accepting local currencies as payment for oil to reduce its dependency on the U.S. dollar. BRICS is looking to control the oil markets, and inducting Saudi Arabia was the best choice. In this article, we will highlight what could happen to the U.S. d...