China News by Thebittimes.Com

Analyst and trader Ali Martinez is leaning bullish on a large-cap crypto project focusing on payments and cross-border transactions. Martinez tells his 129,700 followers on the social media platform X that Stellar (XLM) is forming a bullish pattern on the three-day chart. According to Martinez, the XRP (XRP) rival could go up by nearly 4x from a major resistance level. “Since November 2024, Stellar appears to be forming a bullish flag. The 600% rally seen in November created the pattern’s flagpole and the consolidation phase we have seen since then is forming the pattern’s flag. Now, a sustained break above the $0.42 resistance could trigger a bull run to $1.60 – representing a https://cdn.thebittimes.com/images/2025/03/07/90686a87509c3101bec899b64d9f2af0.webp% price increase.” Source: Ali Martinez/X Stellar is trading at $0.304 at time of writing. Turning to Bitcoin (BTC), the crypto analyst and trader says the largest crypto asset by market cap is flashing a...

Ripple Labs has officially launched its RLUSD stablecoin on global crypto exchanges. The stablecoin has been the subject of plenty of hype since the company’s unveiling earlier this year. Now, RLUSD is available to make near-instantaneous P2P payments on MoonPay, B2C2, Keyrock, Coinmena, and Archax. JUST IN: Ripple officially launches $RLUSD stablecoin. — Watcher.Guru (@WatcherGuru) December 17, 2024 Ripple Labs will enlist an independent auditing firm to create attestations of RLUSD reserve assets and then publish them monthly. Additionally, the company will add two high-profile former central bankers to its stablecoin advisory board to help with the rollout process. Further listings on Bitso; Bullish; Bitstamp; Mercado Bitcoin and Independent Reserve, Zero Hash, and others in the coming weeks. Ripple CEO Brad Garlinghouse announced last week that RLUSD sealed “final approval” from the New York Department of Financial Services, and would be coming soon without an exact release d...

A cryptocurrency whale has sold off tens of millions of dollars worth of Solana (SOL) since the year started, on-chain data shows. According to blockchain tracker Lookonchain, the whale initially sold the first batch of SOL on January 15th. Over the ensuing weeks and months, the whale unloaded 614,000 SOL worth $89 million on Coinbase, OKX and Binance crypto exchanges, per on-chain data. Source: Lookonchain/X The whale has averaged one sale per week, according to Lookonchain. Source: Lookonchain/X Looking closer at on-chain data, it appears that a stash of approximately 100,000 SOL was withdrawn from staking platforms over the last 30 days before being deposited into the three crypto exchanges. Source: Lookonchain/X SOL is trading at $142.66 at time of writing. In a new report, digital assets manager CoinShares says that Solana institutional crypto investment products witnessed millions of dollars in outflows last week. “ Solana saw outflows of US$39 milli...

On Nov. 3, Santander UK, the subsidiary of the Spanish financial giant Banco Santander, S.A., published a notice that says “investing in cryptocurrency assets can be high risk.” Furthermore, the British bank also imposed a limit on cryptocurrency exchanges using the firm&#x2019 ;s mobile and online banking services. Santander UK Limits Crypto Exchange Transfers to ‘Protect’ Customers Santander UK has published a new update concerning cryptocurrencies and it warns that investing in such financial vehicles can be “high risk.” The bank notes that the U.K.’s Financial Conduct Authority (FCA) has warned the public about such risks and the financial institution wants to do everything it can to “protect” customers. “[Santander UK feels] that limiting payments to cryptocurrency exchanges is the best way to make sure your money stays safe,” the bank explains. The financial institution has placed a £1,000 ($1,12...

India’s tax authority has reportedly asked major cryptocurrency exchanges in the country to provide information pertaining to the coins traded on their platforms. The tax authority is also evaluating the taxability of crypto transactions to determine if the goods and services tax (GST) can be applied to them. Indian Crypto Exchanges to Provide Details of Coins Traded on Their Platforms to Tax Authority India’s Central Board of Indirect Taxes and Customs (CBIC) has asked major Indian crypto exchanges to provide details about the cryptocurrencies traded on their platforms, Business Standard reported Friday. A senior official was quoted as saying: We had meetings with crypto exchanges on wide-ranging issues relating to the asset class. We have sought a detailed report on different crypto products being traded and their respective transaction fees and how they are getting calculated. In addition, the CBIC is reportedly evaluating the taxability of crypto transactions to determi...

The best day in Web 3?   One lucky NFT investor purchased a  MetaGoblin NFT  during a presale held by a newer blockchain gaming company recently noted to be rising in the spotlight. The NFT buyer blindly minted the most exclusive MetaGoblin amongst the entire NFT collection, triggering an instantly claimable reward of $50,000.00 in Bitcoin.  The MetaGoblin NFT presale closed roughly 2 weeks ago after reaching its hard cap of 1,000 NFTs. The company took to social media to announce the mint of the $50,000.00 winning NFT on Twitter that displays a One-of-One Legendary King MetaGoblin.  The public mint occurred this past Saturday, October 15th, on OpenSea NFT Marketplace. The NFTs were airdropped to presale buyers once they were minted on the Ethereum blockchain.  According to the companies Twitter page, two more King - MetaGoblin NFTs wait to be found within the collection, unlocking additional Bitcoin rewards of $25,000.00 and $1...

The Japan Virtual and Crypto Assets Exchange Association (JVCEA) plans to allow crypto trading platforms to list coins without going through a lengthy screening process. “We hope the latest measure will help revitalize Japan’s crypto assets market,” said the vice chairman of the association. Relaxing Listing Rules for Cryptocurrencies The Japan Virtual and Crypto Assets Exchange Association (JVCEA) is planning to loosen crypto listing rules to make it easier for trading platforms to list cryptocurrencies, Bloomberg reported Wednesday, citing a document it has seen. The association plans to allow trading platforms to list crypto tokens without going through a lengthy screening process unless the tokens are new to Japan’s market. The relaxed rules could take effect as early as December, the publication conveyed, adding that the documents outlining the changes were recently distributed to member firms. JVCEA Vice Chairman Genki Oda, who is also the CEO of cryp...

Disclaimer: The Industry Talk section features insights from crypto industry players and is not a part of the editorial content of Cryptonews.com. The purpose of this beginner's guide is to discuss the best crypto STOs of 2022. Security token offerings (STOs) are somewhat similar to initial coin offerings (ICOs), not least because they enable investors to own a stake in a newly launched crypto project.  However, STOs differ from ICOs because they comply with government regulations, and thus - the investment often comes with the same safeguards as traditional securities.  8 Best Security Token Offerings Happening Now - STO Crypto List The best crypto STOs to consider right now are listed below: IMPT - Overall Best Crypto STO Available Right Now Meta Music Token - Earn a Share of Music Royalties  Aquarius Fund - High-Yield Investment Opportunities for Professional Investors  Blockstream Mining - Gain Exposure to the Bitcoin Mining Industry Pas...

Disclaimer: The Industry Talk section Features insights from crypto industry players and is not a part of the editorial content of Cryptonews.com. According to various industry reports, the NFT market surpassed a valuation of $40 billion in 2021, driven by the incredible success of collections like Bored Ape Yacht Club and CryptoPunks. Although the market has undoubtedly cooled off since last year’s peak, these digital assets still offer countless benefits – with NFT apps being one of the most popular ways to buy, sell, and trade them. With that in mind, this guide explores the best NFT apps available in 2022, analyzing what they offer and why they are so favored by investors. We'll also explore the Features that top NFT apps have before detailing the main factors to look out for when choosing which app to invest with.  The 8 Best NFT Apps Ranked Investors looking for the best NFTs to buy must consider the various marketplaces on offer before inve...