Approximately $7 million worth of XRP is currently secured in the automated market makers (AMMs) that have recently been introduced on the XRP Ledger, as indicated by statistics from the decentralized finance (DeFi) analysis tool DeXfi. Vet, a dUNL validator and co-founder of the NFT marketplace xrpcafe on the X platform (previously known as Twitter), … Read more
Shiba Inu ($SHIB), the cryptocurrency that gained popularity through memes, has experienced a 15% increase in value over the last week as the larger cryptocurrency market recovers. Experts are growing more positive about Shiba Inu’s prospects. According to data from a top blockchain analysis company, CryptoQuant, Shiba Inu (SHIB) tokens held on centralized cryptocurrency exchanges … Read more
People looking to invest in Ethereum (ETH), the second largest cryptocurrency, through exchange-traded funds (ETFs), might have to be patient for longer than expected. However, despite this setback, Standard Chartered, a well-known investment bank, remains optimistic about the future of the crypto market. According to a report from CoinDesk, the bank has changed its anticipated … Read more
Large-scale investors in cryptocurrencies, often referred to as “whales,” have been buying up approximately half a billion dollars’ worth of Ethereum ($ETH) over the past few weeks. Based on information from the widely used on-chain analysis platform Lookonchain, significant cryptocurrency investors, referred to as “whales,” have been acquiring large amounts of the second most common … Read more
In simpler terms, the Blockchain Association is a business group located in Washington, D.C., focusing on cryptocurrency and blockchain industry representatives such as tech entrepreneurs, investors, and developers. Their goal is to influence policy and regulations that encourage innovation and the long-term success of the crypto and blockchain field. They achieve this through lobbying for … Read more
A recent Bloomberg News article brought attention to a burgeoning development in the hedge fund sector: an escalating fascination with memecoins. The article noted that the unique appeal of these highly unpredictable digital currencies has become too enticing to resist for certain hedge funds, as they aim to reap significant profits through their speculative nature. … Read more
On October 15, 2021, Jack Dorsey, the Co-Founder, Chairperson, and CEO of Block, Inc (NYSE: SE), previously known as Square, started a discussion on Twitter about creating a Bitcoin mining system. This proposed system would utilize custom silicon and open-source technology, making it accessible to individuals and businesses worldwide. Dorsey suggested an approach akin to … Read more
The cost of XRP, which is the native currency on the XRP Ledger, has started to recover recently, rising above the $0.50 mark and now trading at approximately $0.55 per token. This improvement follows a long phase of price stability. According to one market expert, the value of XRP could potentially skyrocket by 150%. Analyst … Read more
In October, Bitcoin‘s price broke past its 200-day moving average, signaling a bullish trend, and hit an unprecedented peak of over $73,500 last month. The 200-day moving average is an important signal of long-term trends, and its recent sharp increase suggests robust buying power among investors. This trend is projected to exceed its previous high … Read more
A well-respected cryptocurrency expert, recognized for his accurate calls on the cryptocurrency market bottoms including during the 2018 bear market, has expressed that the price of Solana ($SOL) is primed for a significant price surge. On microblogging site X, which now has over 250,000 followers, the well-known pseudonymous cryptocurrency expert known as Bluntz Capital displayed … Read more