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India has once again distanced itself from the rising de-dollarization accusations. The latest update follows how India has actively denied its involvement in exploring US dollar alternatives, stressing the dollar’s evergreen role as the reserve currency, with no plans of ever replacing the asset with other notable competitors. Also Read: Belarus Expands Local Currency Usage In A Major De-Dollarization Shift India Backs Dollar in a New Update Source: Economictimes.com India has once again reiterated its former stance, adding that the nation is not intersecting with any other currency besides the USD. In a recent interview, Chief Economic Advisor of India V. Anantha Nageshwaran shared how India is not a part of any such narrative that promotes the usage of alternative currencies besides the US dollar. “No, certainly not. I think India is not part of any such initiative,” he said in response to a question if India is looking at an alternative currency to the US dollar for glob...

The leading supply chain-based crypto currency VeChain is currency trading around the $0.045 mark in the charts on Tuesday. It’s up close to 20% in the last 30 days and attracted heavy bullish sentiment when Bitcoin topped a new all-time high of $73,737 this month. VET is among the top-performing cryptocurrencies this year and delivered handsome returns to investors who took an entry position in both January and February. Also Read: What Will XRP’s Price Be If Bitcoin Hits $150,000 After Halving? Moreover, VeChain is now cooling down in price after reaching a peak high of $0.050 in mid-March of this month. Crypto currency investors are indulging in profit-bookings and initiating sell-offs making its price remain stagnant in the charts. Source: Coingecko Can VET replicate its success into April 2024 and deliver the same profits to investors as it did this month? In this article, we will highlight if investing in VeChain cryptocurrency is a good option to consider ...

The Avalanche Chain has seen an influx of new tokens vying for the top-trending coin spot following a recent surge in the crypto market. Surprisingly, the pullback in the price of AVAX had a negligible impact on the overall performance of the cryptocurrencies in its ecosystem. Hence, investors should closely watch the network’s assets, which may be some of the best performers in this bull run. Trending Cryptocurrency Tokens on Avalanche Chain The crypto currency market expands continuously, with every new project addressing unique problems. Generally, the performance of assets in the Avalanche chain, such as Lizard Token and other trending tokens, undoubtedly contributes to the recent performance of the ecosystem. We examine the factors behind the upswing in these tokens’ prices and why they are worth considering for investment. 1. LIZARD (LIZARD) Lizard Token enters the rapidly expanding digital currency market, promising to bring Lizard Brain Energy and Meme coin vib...

Global investment bank Jefferies asserts Bitcoin (BTC) as a safeguard against currency devaluation and rising inflation . The price of Bitcoin hovers at around the $27,961 region as of press time.   Jefferies, a prominent global investment bank, advises long-term investors, particularly pension funds, to allocate 10% of their portfolios to Bitcoin, denominated in U.S. dollars.  The bank underscores the importance of considering investments in Bitcoin and gold as insurance measures rather than short-term trades. They highlighted that attempts to tighten monetary conditions will face extended delays in this economic cycle, attributing it to the substantial increase in the money supply since 2020. Christopher Wood, Jefferies’ Global Head of Equity Strategy, expresses concerns about the ability of G7 central banks, including the Federal Reserve, to transition away from unconventional monetary policies smoothly.  He suggests that these central banks will likely maint...

2022 was a year of phenomenal crypto currency blowouts, as several projects collapsed and many more are on life support after the entire ecosystem was shattered. The fallout from these digital currency projects has not only removed billions of dollars in value from the crypto economy, but also eroded trust. The following is a look at six high-profile crypto currency project implosions that took place during 2022’s crypto winter. A Look at 5 Crypto Assets That Fell From Glory Amid the Crypto Market Downturn History shows that there have been many failures in the crypto currency market economy over the years, and a great example is how eight out of the top ten coins on May 5, 2013, have basically been forgotten despite the fact that some still hold value. Coins such as freicoin (FRC), terracoin (TRC), devcoin (DVC), and mincoin (MNC) are all distant memories now. During the 2022 crypto winter, several high-profile crypto projects imploded. Below is a summary of these project f...

According to FCA, all crypto ATM operators in the United Kingdom are currently illegal because none of them is registered with the regulator. The United Kingdom’s financial regulator, Financial Conduct Authority (FCA), is coming for unregistered cryptocurrency automated teller machines (ATMs). THe FCA and the cyber team at West Yorkshire Police have taken action against several sites in and around Leeds city suspected of hosting illegally operated crypto ATMs. Announcing the news on Feb. 14, the FCA emphasized that no crypto ATM operators in the United Kingdom currency have FCA registration. The authority stated that all crypto exchange providers — including crypto ATM operators — must be registered with the FCA and comply with the U.K. money laundering regulations. “Unregistered crypto ATMs operating in the U.K. are doing so illegally,” FCA’s executive director of enforcement Mark Steward said, adding that the regulator will continue to disrupt unregistered crypto businesses in...