NFT News by Thebittimes.Com

In this week’s hottest stories from Bitcoin.com News: the Ghanaian cedi’s recent slide to a new low against the USD, Rich Dad Poor Dad author Robert Kiyosaki weighs in on Saudi Arabia’s move to join the BRICS nations, the United States Internal Revenue Service updates tax filing instructions for crypto, and more. Report: Ghanaian Cedi Slides Further Versus the US Dollar to Become World’s Worst-Performing Currency As Ghana waits for a financial bailout from the International Monetary Fund (IMF), the country’s currency, the cedi, continued its slide versus the dollar after the exchange rate slipped to just under C15:$1. Following this latest plunge, the cedi has now depreciated by more than 55% in 2022 and this makes it the world’s worst-performing currency. Read More Robert Kiyosaki Says US Dollar Is Toast Citing Saudi Arabia’s Request to Join BRICS The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says the U.S. dollar is ...

XRP price has, over the last couple of months, performed exceptionally well thanks to the strides Ripple Labs is making against the SEC (Securities and Exchange Commission) lawsuit. The international money transfer token now boasts approximately $22 billion in market cap and has attracted around $867 million in 24 hours across all crypto exchanges. XRP Price Overview Although XRP price's uptrend topped $0.5586 toward the end of September, it retraced to collect more liquidity. Support established slightly above $0.42 stopped bears from wiping out the progress made by the bulls. XRP price dodders at $0.4571 at the time of writing. A parallel descending channel appears to have condemned XRP price to a short-term downtrend before a sustainable breakout to $1.0000 resumes.   XRP/USD daily chart For now, much focus is being channeled to XRP's ability to defend the support at the channel's throughline. If push comes to shove and declines intensify, investors ...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.  Heading into October’s second week, the crypto market appears to be consolidating once more. Cryptocurrencies are currently bearish. Still, several coins provide opportunities for profitability. The digital assets reviewed in this guide would be interesting additions for investors in this dip. TerraClassicUSD (USTC) USTC is the first asset on our list of the best coins to buy in this dip. The crypto asset used to be the primary stablecoin of the Terra ecosystem, although it depegged from the dollar earlier this year, and its value dipped significantly. At press time, USTC trades at $0.0545. The digital asset pumped 36% in the past 24 hours, beating the broader market&rsquo ;s performance. Investors are currently excited about USTC’s possible repeg. A proposal was sent to the community recently; developer ...

Source: Adobe/Proxima Studio A number of non -fungible tokens (NFTs) collected by Starry Night Capital, an NFT fund established by the Singaporean bankrupt crypto hedge fund Three Arrows Capital (3AC), were moved to a new wallet by Teneo, the consultancy leading 3AC’S bankruptcy proceedings. The tokens which were moved to a Gnosis Safe address include Pepe the Frog NFT Genesis, sold for ETH 1,000, or about $1.36 at the crypto&rsquo ;s current price, in October 2021, and Fidenza #718, sold for ETH 240 in November 2021, according to data collected by blockchain analytics platform Nansen.  Other NFTs which were transferred include three pieces by XCOPY, including Some Other Asshole, purchased for ETH 550 in December 2021, DANKRUPT, sold for ETH 469 in October 2021, and DECAY, bought for ETH 345.69 in December 2021, the firm said.  Other tokens comprise AI Generated Nude Portrait #7 Frame #184 by Robbie Barrat, sold for ETH 300 in October 2021, several ...