Author: V Sinclair

  • Sanctions, Crypto, and War: Putin’s Economic Balancing Act

    Sanctions, Crypto, and War: Putin’s Economic Balancing Act

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    V Sinclair

    The economic activity in Russia is experiencing instability. In the face of mounting pressure, President Vladimir Putin is turning to cryptocurrency. On November 29, he signed a law officially classifying crypto as property.The Russian ruble fell to its lowest level in more than two and a half years on November 27. The Russian currency broke…

  • When Ripple releases one billion XRP tokens, it causes market movement and investor anxiety.

    When Ripple releases one billion XRP tokens, it causes market movement and investor anxiety.

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    V Sinclair

    Ripple Labs released one billion XRP tokens from its escrow accounts, a normal procedure in the company’s monthly schedule. As of the time of writing, the market value of the unlocked tokens is estimated to be $1.92 billion. This release is consistent with Ripple’s pre-set schedule, which is to unlock one billion XRP tokens daily…

  • NFTs’ monthly sales volumes reached a six-month high of $562M.

    NFTs’ monthly sales volumes reached a six-month high of $562M.

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    V Sinclair

    Non-fungible tokens (NFTs) have maintained their monthly sales momentum, surging by 57.8% in November as digital collectibles continue to recover.  On Dec. 1, data company CryptoSlam showed that NFTs recorded $562 million in sales in November, a substantial increase in volume from October. CryptoSlam data also indicates that November’s monthly sales volume for NFTs is the highest…

  • Tom Lee Forecasts Bitcoin Surge Ahead

    Tom Lee Forecasts Bitcoin Surge Ahead

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    V Sinclair

    Tom Lee, the research leader at Fundstrat, is optimistic about Bitcoin‘s (BTC) trajectory, suggesting that a notable increase is on the horizon. During a recent podcast with Anthony Scaramucci from SkyBridge Capital, Lee highlighted that Bitcoin’s potential for significant growth is backed by both technical analysis and supportive political movements. He estimates that Bitcoin could soar…

  • At a Hong Kong event, Justin Sun consumes a $6.2 million Cattelan banana artwork.

    At a Hong Kong event, Justin Sun consumes a $6.2 million Cattelan banana artwork.

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    V Sinclair

    Tron creator Justin Sun has reportedly eaten the $6.2 million banana from Maurizio Cattelan’s “Comedian” sculpture. Sun previously bought the banana at a Sotheby’s auction. Streaming live on his X account, Tron(TRON`) founder Justin Sun ate Cattelan’s banana at an open event in Hong Kong. In a video circulating online, Sun plucked the banana off the wall after…

  • Justin Sun Joins World Liberty Financial as Adviser to Boost DeFi Expansion

    Justin Sun Joins World Liberty Financial as Adviser to Boost DeFi Expansion

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    V Sinclair

    Justin Sun, the visionary founder of the Tron blockchain, has officially joined World Liberty Financial (WLFI) as an adviser. Justin Sun Joins World Liberty Financial as Adviser to Boost DeFi Expansion This announcement comes shortly after Sun’s $30 million investment in WLFI tokens, a move aimed at invigorating the company’s token sales. Backed by former U.S. President Donald Trump, World Liberty…

  • Brazil proposes strategic Bitcoin reserve in new bill introduced to Congress

    Brazil proposes strategic Bitcoin reserve in new bill introduced to Congress

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    V Sinclair

    The legislation proposes the creation of a Sovereign Strategic Bitcoin Reserve, cleverly dubbed RESBit. Brazil might be rewriting the rulebook on sovereign reserves. On November 25, Congressman Eros Biondini dropped a bill that could shake up Brazil’s financial system. If passed, this would make Bitcoin a key part of the country’s sovereign assets, alongside its $355 billion…

  • As Bitcoin gets close to $100K, Tether mints $3 billion in USDT.

    As Bitcoin gets close to $100K, Tether mints $3 billion in USDT.

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    V Sinclair

    Tether, the issuer of the stablecoin USDt, minted an additional $3 billion worth of tokens on November 23 across the Ethereum and Tron networks. This move comes amid a surge in cryptocurrency trading activity, particularly as Bitcoin edges closer to the $100,000 mark. Arkham Intelligence reported that $2 billion in USDt was issued on Ethereum,…

  • India investigates CBDCs as the payment system of the future and seeks cross-border mobile payments.

    India investigates CBDCs as the payment system of the future and seeks cross-border mobile payments.

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    V Sinclair

    India will likely establish mobile payment ties with other countries to improve cross-border payments, trades, and remittances. Deputy Governor of Reserve Bank of India, T. Rabi Sankar, shared that India is shaping up its mobile payment infrastructure with several countries, with Bloomberg. Sankar further elaborated that arrangements are already in place with Sri Lanka and that talks…

  • Trillion-dollar firm Charles Schwab President reveals plans to enter the spot crypto market

    Trillion-dollar firm Charles Schwab President reveals plans to enter the spot crypto market

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    V Sinclair

    Charles Schwab, a Texas-based asset management firm with $7 trillion under management, has revealed its intentions to join the crypto bandwagon through spot crypto trading. The company’s serving presidents and incoming CEO said in an interview that the firm will start offering crypto investments to clients based on their preferences.  Rick Wurster, Charles Schwab Corp’s…