German Finance Minister Doubts Crypto Can Currently Replace Traditional Currencies

German Finance Minister Doubts Crypto Can Currently Replace Traditional Currencies Germany’s Finance Minister Olaf Scholz doubts that cryptocurrencies can currently replace traditional fiat currencies, Cointelegraph auf Deutsch reportstoday, September, 18. “I would doubt today, whether it has a perspective as a currency model, ” saidScholz at a “citizens dialogue” at the German-Dutch Army Corps in Münster. Scholz compared cryptocurrencies…

Upbit Crypto Exchange Operator to Open Singapore-Based Crypto Exchange Next Month

Upbit Crypto Exchange Operator to Open Singapore-Based Crypto Exchange Next Month Kakao-affiliate Dunamu, the operator of major South Korean crypto exchange Upbit, plans to open a Singapore-based exchange next month, local news outlet Yonhap News reports September 19. According to Yonhap, Dunamu already set up a branch in Singapore this February as part of its active push to expand…

Cryptocurrency Market Update: Ripple’s xRapid Sends XRP 20% Higher

Cryptocurrency Market Update: Ripple’s xRapid Sends XRP 20% Higher FOMO Moments Markets have recovered slightly; XRP, Cardano, Tron and Chainlink on a roll. Crypto markets have recovered slightly following yesterday’s ten billion dollar dump. Total capitalization has inched slowly back towards $200 billion and is about to break it. One big pump yesterday added $8…

Ripple Price Analysis: XRP/USD Primed for More Gains

Ripple Price Analysis: XRP/USD Primed for More Gains Key Highlights Ripple price made a sharp upside move and traded above the $0.3000 resistance against the US dollar. There is a short term contracting triangle forming with resistance at $0.3260 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely…

Bitcoin (BTC) Price Watch: Bearish Wedge Breakout

Bitcoin (BTC) Price Watch: Bearish Wedge Breakout Bitcoin Price Key Highlights Bitcoin price recently broke below a rising wedge pattern to signal that further losses are in the cards. Price might still pull back to the broken support area, which lines up with Fib levels, to gather more selling pressure. Technical indicators are showing that…

Ukrainian Parliament Proposes Tax Bill for Digital Currencies

Ukrainian Parliament Proposes Tax Bill for Digital Currencies The Verkhovna Rada, the parliament of Ukraine, has proposed a bill that, once passed into law, would tax operations with crypto assets, according to a draft lawpublished September 14. The tax bill, which was initiated by 23 government officials, suggests a five percent tax on individuals and legal entities operating with virtual currency assets, such…

Ripple Could Launch xRapid Solution ‘In the Next Month or So,’ Says Exec

Ripple Could Launch xRapid Solution ‘In the Next Month or So,’ Says Exec Ripple could launch a commercial version of its payment platform xRapid “in the next month or so,” CNBC reported September 17. Head of regulatory relations for Asia-Pacific and the Middle East at Ripple Sagar Sarbhai told CNBC that Ripple has been making strides toward the…