XRP’s Growth soaring towards rapid Financial Growth!

The cost of XRP has soared by 55% to a 3 year high, owing to a boost for economic growth.

The latest cross-border payment processing development, as well as an increased force to boost global financial inclusion and participation, has caused a 55% rise in the cost of Ripple. The price of XRP has surged by 55% over the last couple of days even as the sixth-largest cryptocurrency by market cap reasserted the attempts to develop a sustainable and equitable cross-border payments system.

The increase in trading volume was motivated by a blog by Ripple named “Creating a More Financially Sustainable and Inclusive Future,” that explained how its venture has teamed up with “mission-driven fintech firms, prestigious universities, NGOs, organizations, and entrepreneurs to establish increased economic equality of opportunity and advantage to everyone.”On April 5, a new wave of buys responded effectively to Ripple’s official statement explaining the most recent addition intended to optimize the cross-border impact:

The latest reports have resulted in a 257 % in XRP market cap in the last two days, with an average 24hr volume of $5 billion exchanged on April 4 expanding to $18.4 billion exchanged on April 5. Analysts believe that relying on its rapidly increasing value, the cost of XRP may have room to grow further, as market and Twitter numbers remain high dramatically.

XRP holders are seeing another day of green candles, with the token up 18.36% in the past 24 hours to $0.968 apiece as of 2:30 p.m. EDT. On Aug. 9, the Senate blocked a provision in the newly passed $1.2 trillion infrastructure legislation that called for greater regulation of cryptocurrencies, sending the sector into a broad and extended rally.

Ripple, the company behind XRP, is also benefitting today from new development in its lawsuit from the Securities and Exchange Commission. Yesterday, despite the presiding judge’s insistence, the SEC refused to hand over evidence discovery documents to Ripple’s defense team.

Back in December, the SEC charged Ripple with offering unregistered securities amounting to $1.3 billion starting in 2013. Even though the lawsuit has gone nowhere and XRP’s market cap has ballooned to a level where its parent entity can offer tokens to settle, it severely damaged the reputation of the token. This is because Ripple’s greatest competitor is the Society for Worldwide Interbank Financial Telecommunication or SWIFT. SWIFT processes large-scale transactions across 11,000 financial institutions (such as the Federal Reserve) in more than 200 countries. Until Ripple resolves its allegations, not many global banks, treasuries, etc., would want to use the service if it’s not compliant with regulatory bodies.

Also read : Visa taking steps to encourage cryptocurrency for use in settlements!

Visa taking steps to encourage cryptocurrency for use in settlements!

Visa is taking steps to encourage cryptocurrency for use in transactions and settlements.

Visa has started a pilot project with Crypto.com, a payment and cryptocurrency network, with hopes to expand the program later next year. Inc announced on Monday that it will accept the cryptocurrency USD Coin to resolve payments on its payment platform, reflecting the latest example of popular implementation of cryptocurrencies. The USD Coin (USDC) is a stable coin cryptocurrency that is tied directly to the US dollar.

Visa’s announcement followed the adoption of many cryptocurrency exchanges by financial firms like BNY Mellon, BlackRock Inc, and Mastercard Inc, fueling projections of whether cryptocurrencies will be a frequent part of investment portfolios.

Elon Musk, the CEO of Tesla Inc, stated last week that bitcoin could be used to buy this company’s electric vehicles, marked a huge leap forward with bitcoin’s use across the business. If a customer wishes to pay for a beverage with a Crypto.com Visa card, the digital currency maintained in a cryptocurrency wallet must be converted into traditional money.

Traditional fiat currency would be transferred in a bank and wired to Visa at the end of the day to settle any transactions, increasing the expense and volatility for companies. Visa’s new change, which will allow the use of the Ethereum blockchain, excludes needing to convert digital currency into fiat currency in exchange for money.

Visa’s latest step, which will use the ethereum blockchain, strips out the need to convert digital coins into traditional money for the transaction to be settled. Visa said it has partnered with digital asset bank Anchorage and completed the first transaction this month.

Visa’s move comes as finance firms including BNY Mellon, BlackRock, and Mastercard take steps to make more use of cryptocurrencies for investment and payment purposes. Tesla boss Elon Musk, a major proponent of cryptocurrencies, said last week that customers can buy its electric vehicles with bitcoin, hoping to encourage more day-to-day use of the digital currency.

Visa said the move is part of a pilot program to make life easier for cryptocurrency businesses. Visa wants to eliminate the hassle of it requiring customers to convert their cryptocurrency holdings into fiat currency, like U.S. dollars, before settling up their accounts on the Visa network. The company said it plans to expand the feature to other members of its payments networks, and potentially to other virtual currencies, later this year.

How does this benefit ordinary people?

The consumer cardholder experience doesn’t change. They have a balance of crypto that they’re able to spend at a merchant. What changes is the process behind the scenes? Now, these businesses don’t have to keep balances in a traditional bank account. This will make it easier for more crypto wallets to offer Visa card programs to consumers, and that’s ultimately going to benefit consumers as they’ll have more options to pay using crypto.

Also read: Study Shows Misinformation Dominates Facebook Engagement Than Real News

Is blockchain a boon for businesses ?

Blockchain is essentially a database system with characteristics that, by themselves, are not unique to it, but when combined, result in a technological breakthrough in the storage, verification, and interchange of digital information.

What is the significance of blockchain in the business world?
Investing in enterprise blockchain will almost certainly become necessary simply to stay competitive. Many analysts believe blockchain will command the same attention as achievements like the PC revolution of the 1970s and 1980s and the mid-90s surge in the internet, knowing that their competitors were making use of these technologies.
Indeed, FOMO (fear of missing out) is likely the driving force behind the recent surge in interest in blockchain-based commercial applications.
However, as you’ll see in the following sections, herd mentality isn’t the only element that drives blockchain. Today, the technology has the ability to save IT costs, extend B2B and B2C networks, enable new products, and increase wealth. Furthermore, as corporate implementations spread and become more polished, blockchain’s business value is projected to expand.
Vlo What are the advantages of blockchain for businesses?
Forrester Research vice president and lead analyst Martha Bennett
Bennett, Martha
Enterprise blockchain shines in procedures involving several stakeholders who all need access to the same data but have slightly different or out-of-date information, according to Bennett, “and a huge amount of effort is spent reconciling data.”
Blockchain has the ability to reduce firms IT and labour expenses, speed up e-commerce and banking, and enable new lines of business because it eliminates middlemen and primarily automates activities that take time and effort. It can also assist companies in growing their consumer bases, reaching them more effectively, and expanding their universe of suppliers and partners.
The benefits of blockchain stem mostly from the trust it inspires, as well as its built-in privacy, security, and data integrity, as well as its transparency.
Trust allows businesses to do business with strangers, thereby extending markets and potentially increasing demand for goods and services, which can lead to increased profitability.
Trusting the accuracy of the data and believing that the system is largely impenetrable, and that privacy is guaranteed in most circumstances, can decrease fraud, eliminate data breaches, and, like trust, attract new consumers and partners. It can also lower data management expenses, improve data accuracy, and make auditing easier.
Blockchains’ transparency helps with supply chain management, visibility, and traceability. Blockchain is already making it easier and more economical to extend supply chain transparency to the tiniest suppliers, such as coffee growers, tuna fishing companies, and miners, while also bolstering trust in product provenance information as commodities flow through the supply chain to consumers.

Is Tesla still Accepting Bitcoin as a Payment Method ?

Elon Musk claims how Bitcoin can be used to purchase Tesla. 

Musk had previously tweeted that Tesla had purchased $1.5 billion in bitcoin. Tesla CEO Elon Musk has announced that the electric car can now be bought with Bitcoin, after his open support of the cryptocurrency. Tesla is the very first big automotive manufacturer to allow cryptocurrency payments, according to the announcement.  

Elon Musk, the CEO of Tesla, has revealed that the electric vehicle can now be purchased with Bitcoin, following his public support for the digital currency. According to the announcement, Tesla is the world’s largest car company will acknowledge cryptocurrency payments. 

 

Musk had previously tweeted that Tesla had purchased $1.5 billion in Bitcoin. Tesla said in a filing that the decision to put nearly 8% of its assets into bitcoin was part of a larger financial strategy aimed at transforming and optimizing yields on money that included gold holdings. 

According to Coin Press, in early February, Musk, a strong supporter of Bitcoin, had rallied for a cryptocurrency, Dogecoin, which reached an all-time high of $0.065448, rising about six times with its 24hr lowest of $0.048356. Conversely, the cost of the meme cryptocurrency fell more before rising back to a boost of about 25%. Musk said on February 14 there is “too much focus” among significant Dogecoin holders, and that if they sell any of their coins, he would help them. Likewise, this same bitcoin price sank over 18% in a two-day sell-off throughout February, pushing the biggest cryptocurrency below 

$50,000. 

 

Musk has regularly tweeted about Bitcoin, recently adding the hashtag “#Bitcoin” to his Twitter profile, which has now been removed. By not converting all the BTC to USD or fiat currency, Tesla sets a benchmark for cryptocurrency standards. Tesla’s decision to pursue payments in bitcoin for all of its automobiles and to keep the bitcoin itself on financial statements instead of converting it all to dollars is likely to influence bitcoin’s popularity. Tesla 

and other companies are proving that cryptocurrency is here to stay, and commercial affirmation can only grow. 

Musk said at the time that he was worried about the environmental impact of bitcoin, which requires an enormous amount of energy to mine. But the environmental problems surrounding bitcoin have been known for years and cynics would likely conclude Musk is merely trying to manipulate the price of bitcoin. But Musk seems to have been prepared to answer that charge, making a curious assertion during the live stream, claiming he doesn’t try to get the price of bitcoin to ever plunge.

“If I was purely financially motivated then, I would not express this reticence about bitcoin energy usage,” Musk said later during the conversation while sounding extremely defensive.Where does that leave Tesla and when will the company start accepting bitcoin again? Your guess is as good as ours. But we definitely predicted Musk’s swing back to the pro-bitcoin camp.

Also read : Polka Dot’s rising future!

Polka Dot’s rising future!

Take a look at the explosive growth of decentralized finance, or DeFi, this year, and it’s clear why Ethereum is dominating so many discussions in the enterprise space right now. 

The native cryptocurrency of the second-largest blockchain, ether (ETH), is up 266 percent this year, more than twice as much as the soaring bitcoin (BTC). 

 

However, many savvy digital-asset investors are hedging their bets by purchasing tokens connected with upstart blockchains that have the potential to overpower its Ethereum network, which is called the “world computer” due to its efficiency and programmability. A dot (DOT) of the Polkadot blockchain, whose co-founder Gavin Wood was a co-founder of Ethereum, also is such a token. 

 

Polkadot is built around the idea of “parachains,” which are blockchains that can process many transactions per second than Ethereum due to their more sophisticated design. The word is brief for “parallel blockchains,” as per Peter Mauric, at Parity Technologies.  

As per Polkadot investors, developers have used Moonbeam, a Boston firm that has designed its own parachain to resemble a toolkit familiar to Ethereum developers. Interlay, which plans to launch a wrapped bitcoin project called “PolkaBTC” in 2021, and cross-chain liquidity supplier Balance, this will be the first Polkadot project, are two results presenting use cases to Polkadot. 

 

Polkadot’s able to develop new blockchains is compelling from an investment standpoint, according to van Schreven. Having supported Ethereum, van Schreven believes Polkadot’s “blank slate” will allow it to offer users brand-new robustness, certainty, and governance features. The Polkadot platform’s own token, DOT, performs three functions. It is staked to provide security for the relay chain, to be bonded to connect a chain to Polkadot as a parachain, and to be used for network governance. All of this could lead to more developers adopting the network, which is one of the drivers for Ethereum’s growth and Polkadot’s parachains would bring the advantage of that fact.

Its ultimate goal is to serve as a framework for all blockchains that choose to participate, similar to how HTML allows websites, browsers, and servers to communicate with one another. The goal is to take care of the time-consuming and expensive cryptocurrency mining procedures (such as transaction validation and security protocols) so that developers may concentrate on developing dapp and smart contract functionality

 

What is the significance of this?

Developers that are creating novel, decentralised systems must now construct them from the ground up. This also implies that effort, skill, and resources are being directed toward the creation of rival networks rather than a standard on which everyone may build.

 

Transaction addresses are validated and data is standardised in the network’s so-called “relay chain” so that it can be understood by any machine. All of the chains’ security is pooled here.

 

While functionality is taken care of, Polkadot-connected blockchains can utilise their own PoS method, select when and how to upgrade their code, and run any dapps or tokens they want.

Also read : Is Tesla still Accepting Bitcoin as a Payment Method ?

How is NFT changing the game of art ?

A non-fungible token or NFT is actually a collectible digital asset. It holds value in the form of cryptocurrency as well as in the form of representatives for art or culture.
NFTs are one-of-a-kind blockchain-based tokens used to store digital media (like video, music, or art)
NFTs exist on a blockchain, which is a distributed public ledger that keeps track of transactions. Blockchain technology and NFTs provide artists and content creators with a one-of-a-kind chance to digitize their work.
Uses of NFT:
NFTs can be used to represent items such as photos, videos, audio, and other types of digital files
Digital art
Digital art was an early use case for NFTs, because of the ability of blockchain technology to assure the unique signature and ownership of NFTs.
Collectibles
NFTs can represent digital collectibles like physical card collections, however in a completely digital format.
Games
NFTs can also be used to represent in-game assets, such as digital plots of land, which are controlled by the user instead of the game developer. NFTs allow assets to be traded on third-party marketplaces without permission from the game developer.
Music
Blockchain and the technology enabling the network have allowed musicians to tokenize and publish their work as non-fungible tokens. NFTs have provided the opportunity for artists and touring musicians to recuperate lost income
Sports

NFTs have also been used in sports, in September 2019, NBA player Spencer Dinwiddie tokenized his contract so that others can invest in it.

Those who may be perplexed by the trend may wonder why so much money is being spent on products that just exist in digital form and can be accessed by anybody for free.

What has been the market’s growth?

NFTs, which have been traded since roughly 2017, has seen a significant increase in 2021. In February, monthly sales on the NFT marketplace OpenSea reached $95.2 million, up from $8 million in January.
Why are you doing this now?
Some relate it to people being forced to spend more time at home on the internet due to lockdowns. NFTs, on the other hand, are a way for owners’ online friends to see their things.
Others are enticed by fast-rising prices and the potential of large profits. Many crypto billionaires have emerged in recent years, with Ethereum to spend.
What is their significance?
NFTs are seen as the future of ownership by enthusiasts. They predict that all types of property, from event tickets to houses, will be tokenized in this way at some point.
NFTs have the potential to answer the challenge of how to monetize digital artworks for artists. They can earn more money from NFTs since they can receive a royalty each time the NFT is sold after the initial sale.
NFTs have the potential to change music as well. The NFT lets fans purchase limited-edition vinyl or tickets to future Kings of Leon shows.
What are the potential dangers?
Because anyone can make NFTs, their scarcity does not ensure their worth. If the buzz fades, losses might mount.
Fraud is a possibility in a market where numerous people use pseudonyms.

All you need to know about Next.chain

Ethereum has ushered along a new frontier of decentralized financial applications that are fully permissionless, open, and transformative in several aspects.  It has done so, however, on a trial basis and at a significant cost. Ethereum offers a platform for these decentralized applications to also be

constructed on, but it has not been equipped for widespread adoption. 

On the Ethereum network, simple transactions can cost up to $10, and communicating with smart contracts can be many times more costly. Though Ethereum’s undeniable popularity has resulted in a

massive Defi community as well as large amounts for both decentralized exchange and the total value 

stored, its infrastructure is certainly not equipped for high deployment. 

This is where NEXT. chain enters the picture. NEXT.chain is built on the foundations of pioneers like 

Ethereum and Bitcoin to build a Defi-ready chain that businesses and customer’s requirements use for 

all their decentralized finance needs. 

Next. chain is a powerful instant-transaction blockchain built on top of the Bitcoin core and augmented 

with features including tokenization and master node cryptographic protocols. 

Smart contracts on the Next. chain allows the user to:  

  • Offer digital exchangeable assets such as shares, bonds, and other types of securities. 
  • Generate a range of collectibles (nonfungible tokens). 
  • Build and manage decentralized/sovereign attributes. 
  • Other types of arbitrarily defined smart contracts can be built and run. 

Why NEXT.Chain? 

So, what distinguishes NEXT.chain from its competition? The project is based on Bitcoin-core, but it adds several new qualities and functions, such as a Proof of Stake consensus system and a Masternode network, that build on a framework of very well, proven technology. It validates for faster transaction

speed and privacy-enabled exchange. 

Also, it enables this to tap into the Bitcoin mining community by offering a merge mining choice, which encourages even community members and developers to get and expand on NEXT. It’d be amplified by

the addition of an API for third-party integration. 

Has Next.chain already deployed?

We chose the combination of becoming a proof-of-work and proof-of-stake blockchain with master node validators. The Next. chain has been running in the manner since April 2019 and has grown already to 200 master nodes. This enables us to achieve high transaction speeds like a PoS network (which Ethereum 2.0 is aiming to achieve and which we already have). Still, we also keep PoW in place to ensure that miners calculate hashes with strong encryption. Hence there is a lot of scope in next.chain.

Is Supply Chain Management and blockchain the Future?

Supply-chain expansion is being accelerated by breakthroughs. Blockchain in the supply chain has the potential to increase transparency and regulatory compliance while cutting operating costs. Blockchain is one of the most revolutionary technologies changing digital supply chain management.

 

Blockchain has lately emerged as a key possibility for unwinding all of the data, paperwork, and communication interactions within the ecosystem as supply chains become increasingly intricate, encompassing a wide range of applications and relying on various counterparties.

 

In today’s modern Supply Chain Industry, what role does blockchain play?

In the vast majority of cases, today’s modern supply chains operate at high volumes without the use of blockchain technology. Despite these obstacles, the technology has attracted the interest of the information technology and supply-chain industries.

 

It has also sparked the publication of research papers and inspired current IT firms and start-ups to embark on successful development efforts. Let’s have a look at its distinguishing characteristics:

 

Fees for Transactions

When using Swift to make cross-border transfers, the pay commission is deducted after the payment has been completed — or, to be more precise, after the transaction has passed through several intermediate banks. In the case of blockchain, the fees are also known ahead of time.

 

Clarity

In the blockchain, there is no middleman, such as a bank or other financial institution. Even though the ledger is updated regularly, transactions are faster and more visible. Payment terms, such as payment identification, can be pre-programmed in real-time and made available only to authorized parties.

 

Flexibility

Due to its decentralized structure, blockchain does not have a single point of failure. Furthermore, all decentralized transactions are irrevocable and irreversible, significantly lowering the risk of fraud.

Although blockchain supply chain application scenarios are being developed, several successful 

implementations indicate that companies may gain positive impacts from blockchain, varying between 

productivity and greater efficiencies towards current organizational models, especially in the 

development of supply chain management outlined below: 

  • Purchasing 
  • Real-time visibility and authenticity 
  • Agreements and transfers in the information realm 
  • Manufacturing  
  • Logistics  

The supply chain will benefit from more open and precise end-to-end monitoring thanks to blockchain: 

Companies can automate physical assets and create a decentralized, permanent record of every transaction, enabling asset identification from development to distribution or final use. This enhanced supply chain transparency allows businesses and consumers further access.

For instance, Maersk and IBM are collaborating on cross-border, cross-party payments that will benefit 

from blockchain technology. 

Blockchain is a catalyst of change to the entire Supply Chain Industry in the way processes work- slow, 

manual, too many errors, missing paperwork, and much more. It is adding value by the power of transparency, regulating compliance, and reducing overall costs. 

Blockchain with supply chain development could be a powerful integration as early prototypes prove. 

Supermarkets will use blockchain for product safety and tracking in the upcoming years to maximize its 

transparency across manufacturing, value, and cleanliness. 

 

Does Bitpay benefits Apple Pay Users?

YES! It does  

Bitcoin and cryptocurrency

Payment services, the world’s biggest network, today confirmed that the US 
BitPay Digital Mastercard cardholders will link their wallets to Apple WalletTM and spend with Apple Pay. BitPay cardholders can make safe  transactions in shops, on mobile, and online via Apple Pay. BitPay’s U.S. 
Cardholders will now add their Apple Pay wallets to their prepaid Mastercard.  

BitPay says it’s bitcoin

cards could be linked to its Apple Wallet on Friday, opening a unique way for cryptocurrency holders to shop through Apple Pay. We have thousands of clients
using BitPay Card with the BitPay Wallet app who are always searching for  new places and ways to invest their crypto,” We include thousands of BitPay Wallet app customers using BitPay places and ways to spend their crypto,”  said the chief executive of BitPay. BitPay continues to innovate its global blockchain technologies to make payments quicker, simpler, and easier
than ever for Bitcoin and other cryptocurrencies.

The BitPay Wallet app is designed to allow 

Bitcoin is to be managed and spent by customers, converted into dollars and spent with the BitPay Card as well. The BitPay Wallet feature offers a set of services to leverage blockchain users to purchase, store crypto and make online payments. Users will quickly purchase gift cards in stores and online from hundreds of the largest brands. BitPay Card allows clients to convert  to fiat
 the currency immediately, which is then loaded onto the card and can be spent
 anywhere Mastercard debit is authorized.  
BitcoinBitcoin Cash, as well as Ether, are backed by BitPay wallet software, as well as four dollar-pegged stable coins, USDC, GUSD, PAX, and BUSD. Cardholders should have the latest release of the BitPay app to  connect a
card to the Apple Wallet. 

BitPay: Benefits 

In 2011, when Bitcoin was in its beginnings, BitPay was developed. The scope for Bitcoin was seen by Mr. Stephens, founder of BitPay – to revolutionize the financial industry, making payments on such a global scale faster, safer, and far less costly. 
With the mission of transforming how corporations and individuals send, receive, and store money, BitPay pioneered blockchain payment processing.
Its business solutions remove fraud fees; reduce payment processing costs and enable, among many other features, seamless payment in cryptocurrencies. 
BitPay provides a full digital asset management system to customers that involves BitPay Wallet and BitPay Prepaid Cards, allowing them to  transform
digital assets into dollars for the vast majority of companies to invest in. 
The card is now available in the U.S., with the company’s website enabling customers around Europe to sign up with the expected most recent versions on a waiting list. 

What is the relevancy of stable coins in crypto market?

Stablecoins were created in an attempt to lessen the volatile nature of the cryptocurrency market.
The first stable coin, Tether (USDT), is the highest and most influential in the category. It boasts the highest trading volume of any digital asset daily. Today, USD Coin, which is backed by 1:1 by the US dollar, is the fastest-growing reserve.
The New York State Department of Financial Services is in charge of the Paxos Standard, which is denominated in US dollars (NYDFS).
With cryptocurrencies, volatility has been nearly constant. Stablecoins are a sort of cryptocurrency that attempts to reduce the risk that has been widely criticized in the industry.
Stablecoins exist solely to provide a non-volatile crypto alternative, hence the name.
They provide the proper level of constancy for the fiat currency or product they represent to be backed by. Let’s take a look at the most well-known stablecoins on the market right now, now that we’ve established what they are.
USD Binance (BUSD)
The BUSD was created by Binance, the world’s largest cryptocurrency exchange, to provide a Binance-native solution to several other significant stable coins. Binance offers two fiat-backed stablecoins: BUSD and BGBP. BUSD is pegged to the US dollar, while BGBP is pegged to the British pound. The most widely used of the two is BUSD, which can be utilized in a variety of Defi protocols. On Binance Smart Chain’s decentralized trading pools, it is the default main currency. It should not be confused with Binance Coin (BNB), which is the native token of the Binance DEX (decentralized exchange).
tether (USDT)
Tether, the first stablecoin, was launched in 2014 and is still the most valuable on the market. Tether has attempted to preserve its status as one of the most powerful stablecoins on the market by capitalizing on the first mover’s advantage. Tether’s popularity is evident in the fact that it has the highest daily trade volume in the industry. Over $170 billion in USDT has been traded in the last 24 hours, for example. Tether’s market capitalization is at least twice that of any other stable coin.
Standard Paxos (PAX)
Paxos Standard is one of the most prominent stablecoins because it is fully regulated by the New York State Department of Financial Services (NYDFS). This identical coin was introduced in 2018 when Tether was under extreme duress during the early Bull Run. PAX is an ERC-20 stable coin that is 1:1 backed by the US dollar. To promote efficiency, PAX coins are authorized via an audited smart contract.
Coin of the United States Dollar (USDC)
The most recent stablecoin, USD Coin (USDC), has the fastest reserve, as it is backed 1:1 by the US dollar. Not only that but the monies are stored in financial institutions regulated by the US government.
In September of 2018, the USDC was established. It’s a BEP-20 token that’s a popular cost asset in BSC’s Defi financing.
These are some of the factors that determine the USD Coin’s popularity. USD Coin effectively has the second-largest market cap among stablecoins. It is also the 16th-largest cryptocurrency, with a market valuation of $11.1 billion.
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