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The International Monetary Fund (IMF) has highlighted Zimbabwe’s recent introduction of a gold-backed fiat currency as a noteworthy policy measure. This statement marks the IMF’s first significant commentary on the currency since its inception. The global financial institution has also announced its intention to send a team in June to assess the new currency’s performance. IMF’s Initial Concerns and Current Perspective on Zimbabwe’s Currency Reforms The gold-backed currency, referred to as ZIG, has been recognized by the IMF as an “important policy step.” This acknowledgment came as the IMF shared plans to evaluate the currency in the upcoming months. According to reports, the IMF’s comments represent its most comprehensive assessment of Zimbabwe’s new currency since the ZIG was launched over a month ago. This perspective appears to differ from the IMF’s earlier criticisms regarding the Reserve Bank of Zimbabwe’s (RBZ) ...

Even though both Coinbase and Ripple are struggling with regulatory and legal issues in the United States, the cryptocurrency exchange has relaunched XRP trading in New York, in a move that many might take as Ripple’s (another) win against the US Securities and Exchange Commission (SEC). Indeed, Coinbase has relisted XRP on its platform, thus making its trading available to the 20 million residents of New York “in a strong partnership with the State,” with the crypto trading platform’s chief legal officer Paul Grewal sharing the good news in an X post published on May 23. XRP trading on @coinbase is available again in NY. We heard you and put in the work in strong partnership with the State. And now the word can be put out— we are back up. — paulgrewal.eth (@iampaulgrewal) May 23, 2024 Coinbase and Ripple’s SEC woes As a reminder, Coinbase has been in a legal battle against the SEC since June 2023, when the regulator accused the crypto exchange of operati...

Ripple XRP has been fighting the SEC in an ongoing lawsuit filed by the commission. However, the lawsuit still keeps dragging on with no proper closure date. As a result of this pivotal decision, the price of XRP experienced a slump in the market. XRP has not been quite as high as compared to other altcoins. XRP is trading at $0.5274, with a 1.1% drop in value over the past 24 hours. XRP is up 1.5% over the last 7 days and down 3.6% in the last 30 days. Here is our price prediction for Ripple XRP for May end. Also read: Top 3 Cryptocurrencies To Buy For 5X Gains In Anticipation Of Ethereum ETF Approval Source: CoinGecko XRP price prediction for May end 2024 Cryptocurrency experts at Changelly have given their price prediction for Ripple XRP for mid-May. According to the analysts, XRP is forecast to reach a minimum of $0.62 and a maximum of $0.69. The average price of XRP is expected to be $0.64. The price of XRP went as high as $0.8875 when a US judge declar...

Victoria, Seychelles, May 23rd, 2024, Chainwire Bitget, the leading cryptocurrency exchange and Web3 company, has recently hosted a series of global events to celebrate Bitcoin Pizza Day. These gatherings, spanning from Asia to South America, commemorated the historic first purchase made with Bitcoin and honored the growth and community spirit across the crypto industry. Bitcoin Pizza Day, observed on May 22, marks the first real-world transaction using Bitcoin. On this day in 2010, Laszlo Hanyecz purchased two pizzas for 10,000 Bitcoins (valued at 670 million USD today), which has since become a legendary moment in the crypto community. This year, Bitget hosted events worldwide to celebrate this milestone and bring together crypto enthusiasts, traders, and innovators. The exchange hosted and co-hosted 20 offline events from May 19th to 22nd across five continents, including Asia, Europe, and Oceania, attracting 3,000 participants to celebrate this special day t...

In the last 24 hours, Ethereum (ETH) based meme coins have experienced a significant price surge. This surge is attributed to heightened speculation regarding the approval of a spot Ethereum exchange-traded fund (ETF) in the United States. The speculation was fueled by Bloomberg analysts who recently increased their approval odds for the spot Ethereum ETF from 20% to 75%. As a result, the price of ETH has recorded a multi-year high, displaying a positive uptrend for the second consecutive day. This optimistic outlook for ETH has had a ripple effect, leading to a massive surge in the valuations of Ethereum-based altcoins. Picks for you U.S. Congressman warns CBDCs 'threaten to destroy the American way of life’ 37 mins ago Here’s when ...

In a notable advance for crypto currency investments in the U.K., WisdomTree has been granted approval by the Financial Conduct Authority [FCA] to list two physically backed crypto currency exchange-traded products [ETPs] on the London Stock Exchange [LSE]. These products, WisdomTree Physical Bitcoin [BTCW] and WisdomTree Physical Ethereum [ETHW] are set to begin trading by May 28, available exclusively to professional investors. JUST IN: #Bitcoin and Ethereum ETPs approved for listing on the London Stock Exchange. — Watcher.Guru (@WatcherGuru) May 22, 2024 Breaking New Ground in the UK Market This approval is a significant milestone in the UK’s financial sector. It provides professional investors with greater access to crypto currencies through conventional financial instruments. WisdomTree, a New York-based asset manager with over $111 billion in global assets under management, is known for pioneering investment products. Its Bitcoin Fund [BTCW] was among the first spot B...

May 21, 2024 at 20:34 // Price Author Coin Idol The price of Bitcoin (BTC) continues its upward trend, breaking above the moving average lines and retesting the 50-day SMA. Long-term forecast for the Bitcoin price: bearish On May 20, the altcoin rebounded from the 50-day SMA support and reached a high of $71,500. The price of the cryptocurrency is oscillating below its recent high. However, it is likely that the uptrend will carry the price to its high of $73,666. However, should Bitcoin price fall from its record high, the largest cryptocurrency will...

Achieving good returns in a strong market involves monitoring the top cryptocurrencies and preparing Altcoins for growth. Yet, spotting the next prominent crypto currency can be challenging because many investors focus on already popular assets. This article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token. Also included in the post is an overview of the market trend of crypto assets, which have the potential to post significant gains in the future. Next Cryptocurrency To Explode  Today’s Analysis details the performance of the cryptos that investors should add to their watchlist. It also includes a special mention of Sealana, a Solana meme coin that introduces a “send-to-wallet” feature alongside a traditional “Buy Now” widget to accommodate different investor preferences. The ...

Introducing IntentX’s tokenomics, an important part of every project. In the overly incentivized landscape of DeFi, IntentX’s tokenomics distinguish themselves with a thoughtfully crafted approach that ensures sustainability while rewarding active participation. This article offers an in-depth look at the tokenomics of IntentX, exploring the principles, mechanisms, and strategic initiatives embedded in its design, all collaborating to maximize value capture. Introduction to $INTX $INTX, the utility token of IntentX, serves as the backbone of the platform, designed to capture value and align stakeholders’ interests. It is a non-inflationary token with a maximum supply capped at 100,000,000 tokens. The Role of $INTX in the IntentX Ecosystem Being non-inflationary, $INTX is designed to be valuable and scarce, ensuring its status as a highly sought-after asset within and beyond the IntentX ecosystem. This strategic design positions $INTX as a crucial means of earning “real...

Shiba Inu (SHIB) has struggled to gain momentum over the last few weeks. The asset has faced significant resistance at around $0.000025. SHIB’s price has fallen 2.6% in the daily chart and 3% in the 14-day chart. Nonetheless, the asset has rallied by over 11% in the weekly charts and nearly 4% over the previous month. Furthermore, SHIB has maintained its growth from last year, rallying over 177% since May 2023. Source: CoinGecko Also Read: Shiba Inu: You Could Have Made Over $1 Million With Just $45 Despite its recent lackluster performance, the popular dog-themed crypto might flip the tide soon. Shiba Inu (SHIB) price prediction for May-end 2024 Source: Twitter According to CoinCodex, SHIB could surge to $0.00003551 on May 31, 2024. Reaching $0.00003551 from current levels would translate to a growth of about 47.4%. Moreover, the platform anticipates SHIB to continue its rally well into June 2024, surpassing the $0.00008 level by June 17. Also Read: Shiba Inu...

WienerAI’s presale, having already raised over $2.2 million, has sparked investor excitement, with some predicting potential for 100x gains after launch. This exciting project bridges the gap between artificial intelligence and meme culture, fostering a unique environment that’s both entertaining and holds the potential for substantial profit. Humorous tech-utility fusion surges in presale, hits new milestone WienerAI’s presale has exceeded expectations, raising over $2.2 million and securing substantial funding. This strong investor interest is further fueled by the approaching price increase tied to the nearing $2.3 million presale target. With momentum building, WienerAI presents a prime opportunity to enter at a low price point before the increase. To capitalize, simply head over to the presale website, connect your ETH wallet, and specify the amount of $WAI tokens you’d like to purchase. Alternatively, potential investors can visit our guide on h...

Venezuela’s Ministry of Electric Power announced it would disconnect all cryptocurrency mining farms from the national power grid (SEN, Sistema Electrico Nacional). The measure aims to control the high energy demand from these mining farms and ensure reliable service for citizens. AlbertoNews , a local media outlet, reported the announcement on May 18. “The purpose is to disconnect all cryptocurrency mining farms in the country from the SEN [National Electrical System], avoiding the high impact on demand, which allows us to continue offering an efficient and reliable service to all the Venezuelan people,” the Ministry reported in its account in Instagram. Picks for you Here's when Solana could hit $200 1 hour ago XRP price prediction for May 31 as Ripple records Q1 impressive growth 2 hours ago 2 cryptocurrencies to reach $50 billion market cap in the first half of 2024 4 hours ago We asked ChatGPT-4o what will be Solana price ...