Altcoin

Javier Biosca, a man accused of masterminding a Spanish crypto-themed fraud project believed to be worth over USD 330 million euros, has appeared before a virtual court hearing to deny that he intended to cheat investors out of their funds. He also claimed he would be able to “fix the situation” for investors currently unable to access their stakes “in three or four weeks.”

Following another hack suffered by blockchain protocol Thorchain, and the sharp drop in RUNE's price, the coin is now recovering.

The Facebook founder Mark Zuckerberg has gone public with his ambitions to transform into a “metaverse company,” a move that could potentially have an impact on the firm’s Diem stablecoin plans.

Bitcoin price is consolidating gains below USD 32,500. Ethereum still trades above USD 2,050 while XRP corrected below USD 0.60 again. AXS extended its gains above USD 30, while RUNE is down by 15%.

Amidst the most recent news of potential acquisition involving US money-transfer giant Moneygram and the Stellar Development Foundation, stellar (XLM) rallied.

Football preliminaries are underway at the Tokyo Olympics, but sports-minded crypto enthusiasts are looking past the on-field action and toward the way clubs are financed – and what kind of role club tokens could play.

The XRP-affiliated Ripple is looking to capitalize on a recent statement from members of the US Securities and Exchange Commission (SEC) calling for more transparency in cryptoasset classification – and now hopes to have its protracted war with the regulator dismissed.

Beijing has lashed out at three Republican senators who have asked the United States Olympic & Paralympic Committee to block American athletes from using the digital yuan, the central bank digital currency (CBDC) that the country is hoping to dazzle the world with at the 2022 Beijing Winter Olympics, to be held in the capital from February.

Bitcoin price is up over 6% and it broke the USD 31,000 resistance. Ethereum gained almost 9% and it surpassed USD 1,900, XRP broke the USD 0.55 resistance. TFUEL, RUNE, MATIC, and TEL are up over 24%.

It took nearly three years for US-based crypto company Circle, the issuer of major stablecoin USD Coin (USDC), that is preparing to go public, to finally reveal how this token is backed.