Binance Sees Crypto Potential In India, But There’s A Catch

The Indian Government has taken a strict stance on cryptocurrency adoption and trading in the country. However, the administration is yet to announce a regulatory framework over digital assets. Meanwhile, Binance, World’s biggest cryptocurrency exchange, seeks a potential future of crypto in India.

🔥Just-In: European Central Bank Says Crypto Unsuitable As Store Of Value

The European Central Bank (ECB) said on Tuesday that cryptocurrencies are largely unsuitable as an investment or a store of value.The bank said if the current growth and market integration of cryptocurrencies persists, they could pose a bigger threat to the economy.

🔥Central African Republic Pushes Crypto Adoption Despite Market Crash

Central African Republic’s President Faustin-Archange Touadera announced the “Sango Project” crypto initiative despite the pressure due to the crypto market crash. The objectives of the initiative include establishing a crypto hub, increasing the Bitcoin legacy, and building a crypto island.

🔥IMF Chair Advises Against Ditching Crypto After Terra Crash

International Monetary Fund (IMF) Chair Kristalina Georgieva during the World Economic Forum’s annual meeting on Tuesday said the collapse of Terra’s algorithmic stablecoin UST should not make people abandon cryptocurrencies.

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🔥Shiba Inu The Most-Held Token By ETH Whales, Is Metaverse Hype Back?

The meme tokens are the worst hit category of the Cryptocurrency market affected by the recent crash. However, the biggest Ethereum (ETH) whales have taken the advantage of this recent dip. In this bid, Shiba Inu (SHIB) has emerged as the top choice of these whales.

📈South Korean Terra Holders Skyrocketed After Its Crash, Here’s Why

South Korea’s Financial Services Commission’s Financial Intelligence Unit (FIU) on Tuesday revealed LUNA and UST holders increased massively after the crash, hoping for a rebound in prices.

📈AAVE Price Analysis: AAVE Chart Hints Coin Holders May Lose $100 Mark

AAVE/USDT pair has been lowering within a falling parallel channel pattern for the past nine months. The last bear cycle initiated from the $260 mark discounted the altcoin by 72% as it hit the support trendline.