© Reuters
Investing.com – The Ripple, SHIBA INU and Dogecoin have recovered somewhat from their recent plunge, but the losses are not so easy to erase. It loses 7.91%, it drops 7.55% and gives it 6.60%.
Ripple : US payment service provider MoneyGram had an official partnership with Ripple until March of last year. The company had to end it, however, so as not to end up in the crosshairs of US regulators as well, while the SEC vs Ripple lawsuit continued.
By a small detour, however, it seems that we find ourselves together again. MoneyGram announced that it had taken a 4 percent minority stake in Coinme.
Coinme operates more than 20,000 ATMs in the United States where you can buy and sell bitcoins.
In 2019, Ripple had already taken a stake of $ 1.5 million in Coinme through its development subsidiary Xpring. If, as expected, the SEC complaint is lifted by April 2022, one could imagine a new official partnership between MoneyGram and Ripple.
Shiba inu : The incineration of SHIB continues continuously and 25.6 million coins have been destroyed in the last 24 hours. However, this was not enough to stem the considerable fall in prices that hit the entire cryptocurrency market.
The minutes of the Fed meeting yesterday showed that bond buying, which supports markets, will be completely halted in March.
At the same time, a discussion ensued among members as to when the central bank’s balance sheet would be further reduced by withdrawing money from the market. Yet it is this cheap money that has benefited stocks and cryptocurrencies over the past couple of years.
The Shiba Inu has already passed below the psychologically important $ 0.000030 bar and it is to be expected that the fall is not over yet.
Dogecoin : In the last 24 hours, over 1 billion DOGEs have been transferred. On this occasion, Dogecoin with a value of over $ 6 million was also transferred from a Robinhood wallet (NASDAQ 🙂 to an unknown wallet.
In total, coins worth $ 176 million were transferred and each of the transactions amounted to over 4 million DOGE. It is not known whether this was a single or multiple whales.
By Marco Oehrl
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