Tether Invests in Kotani Pay to Boost Digital Asset Access Across Africa
Tether Invests in Kotani Pay to Boost Digital Asset Access Across Africa
Tether has made an undisclosed investment in Kotani Pay, an African fintech platform connecting Web3 users with local payment channels. Strategic Partnership to Drive Financial Inclusion Stablecoin issuer Tether has announced a strategic investment in Kotani Pay, a leading African fintech platform that bridges Web3 users with local payment channels. The move marks a significant […]
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- NEWSBTC
XRP Price Under Pressure — Bulls Attempt To Defend Key Support Zone
XRP price started a recovery wave from $2.20. The price is struggling to clear $2.50 and might decline if it trades below the $2.320 support. XRP price is moving lower from the $2.550 zone. The price is now trading below $2.420 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2.320 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $2.450 resistance. XRP Price Faces Resistance XRP price formed a base above $2.250 and started a recovery wave, like Bitcoin and Ethereum. The price surpassed the $2.40 and $2.420 resistance levels. The bulls were able to push the price above $2.50. However, the bears remained active near the $2.550 level. A high was formed at $2.5520 and the price recently corrected some gains. It dipped below the 50% Fib retracement level of the upward move from the $2.190 swing low to the $2.5520 high. Besides, there was a break below a connecting bullish trend line with support at $2.320 on the hourly chart of the XRP/USD pair. The price is now trading below $2.420 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.420 level. The first major resistance is near the $2.50 level, above which the price could rise and test $2.550. A clear move above the $2.550 resistance might send the price toward the $2.580 resistance. Any more gains might send the price toward the $2.650 resistance. The next major hurdle for the bulls might be near $2.720. Another Drop? If XRP fails to clear the $2.420 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.320 level and the 61.8% Fib retracement level of the upward move from the $2.190 swing low to the $2.5520 high. The next major support is near the $2.2750 level. If there is a downside break and a close below the $2.2750 level, the price might continue to decline toward $2.220. The next major support sits near the $2.20 zone, below which the price could continue lower toward $2.120. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.320 and $2.2750. Major Resistance Levels – $2.420 and $2.50.
Solana Spot ETF Approved In Hong Kong: Here’s When It’s Dropping
The Hong Kong SFC has just approved the first Solana spot ETF, allowing the altcoin to join the ranks of Bitcoin and Ethereum. ChinaAMC To List First Solana Spot ETF In Hong Kong As reported by the Hong Kong Economic Times, the Securities and Futures Commission (SFC) has approved the first Solana spot exchange-traded fund […]
- NEWSBTC
Russia’s New Crypto Framework Could Redefine Global Trade Amid Sanctions Pressure
Russia has officially unveiled a sweeping legal framework to integrate crypto into its foreign trade system, a move widely seen as a direct response to mounting Western sanctions. Related Reading: The XRP Shockwave Will Hit When No One’s Watching—Analyst The Ministry of Finance and the Central Bank have agreed to legalize crypto settlements for international trade, allowing Russian exporters and importers to transact in Bitcoin and other digital assets. This follows an experimental legal regime introduced in September, which tested crypto use for cross-border settlements. BTC's price trends to the downside on the daily chart. Source: BTCUSD on Tradingview Russia Moves to Legalize Crypto for International Trade Under the new Russian policy, all crypto transactions for foreign trade will be processed through regulated channels supervised by the Central Bank, ensuring strict AML (Anti-Money Laundering) and KYC (Know-Your-Customer) compliance. The framework maintains Russia’s domestic crypto payment ban to protect the ruble but opens the door for Bitcoin- and stablecoin-based trade with partners in Asia, the Middle East, and Latin America. Officials describe the reform as a “strategic necessity” that shields the economy from global financial isolation while promoting alternative trade routes. Bitcoin Authorized for Trade as Dedollarization Accelerates In a landmark development, Russia’s Ministry of Finance has authorized Bitcoin for foreign trade, marking one of the biggest policy reversals since the 2021 crypto ban. The move aligns with the Kremlin’s dedollarization agenda and leverages Russia’s massive energy reserves to support Bitcoin mining and liquidity. With over 2,395 BTC recently transferred by SpaceX’s corporate wallets sparking renewed market debate about corporate adoption, Moscow’s decision shows how state actors are now embracing the same asset once dismissed as “too volatile.” Analysts say Russia’s new framework may push BRICS nations like China and India to expand their own blockchain-based settlement systems, especially as global trade shifts away from dollar dependence. Bitcoin (BTC) rose past $108,500 following the announcement, with traders viewing Russia’s entry into crypto-backed commerce as validation of Bitcoin’s role as a neutral global reserve asset. Legal Integration and Global Implications Beyond trade, Russian lawmakers are also fast-tracking a Family Code amendment to classify cryptocurrency as marital property, a step toward full legal recognition of digital assets. The draft bill, sponsored by State Duma member Igor Antropenko, seeks to close loopholes that allow hidden crypto wealth during divorce proceedings, signaling how deeply digital assets are being woven into Russian law. If fully implemented, Russia’s crypto framework could reshape the geopolitical balance of finance. It offers a blueprint for sanctioned or developing economies to bypass Western-controlled systems like SWIFT. Related Reading: XRP Strengthens Under The Weight Of Heavy FUD And Loss-Selling, What This Means For Price While volatility and regulatory retaliation remain key risks, the integration of crypto into Russian trade strategy marks a historic pivot, one that could accelerate the global shift toward decentralized settlement networks and redefine how nations transact beyond the reach of traditional banking power. Cover image from ChatGPT, BTCUSD chart from Tradingview
Bitcoin Miner Argo to Delist from London Stock Exchange Amid Debt Restructuring
Argo Blockchain, one of the earliest publicly listed bitcoin mining companies, said Tuesday it plans to delist its shares from the London Stock Exchange (LSE) as part of a sweeping recapitalization and debt restructuring plan. The company will retain its Nasdaq listing. This article is from Theminermag, a trade publication for the cryptocurrency mining industry, […]