Despite a brief uptrend pushing XRP above $0.50, the cryptocurrency has experienced a mild decline in the past 12 hours. However, this movement managed to eliminate its weekly losses, positioning XRP as the only top cryptocurrency in the green within the same time frame. There has been a surge in open interest (OI) surrounding XRP,
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The recent resignation of David Hirsh, the Chief of the Crypto Asset and Cyber Unit at the SEC, has raised eyebrows in the cryptocurrency and regulatory sectors. Hirsh’s departure comes at a crucial time as the lawsuit between the SEC and Ripple continues to unfold. The news of his resignation was met with speculation, especially
Ripple’s XRP has displayed resilience in the face of negative market conditions, with a 1% increase in the past 24 hours and a 3% rise over the week. This upward trend has surpassed the performance of prominent cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), which have experienced a decline of approximately
Bitcoin experienced a rollercoaster of a day on Monday, with intense volatility shaking up the entire cryptocurrency market. The digital asset plunged to a new monthly low of $64,000, leaving investors and traders in a state of panic. The altcoins followed suit, with massive declines across the board, resulting in approximately 190,000 traders facing significant
Shibarium, the layer-2 scaling solution for Shiba Inu, has recently witnessed a significant surge in one of its key indicators – the number of new accounts on the network. This metric soared by an impressive 860%, jumping from a mere 16 accounts on June 15 to 154 the following day. This sudden increase in new
Liquid staking and destablecoins have emerged as significant trends in the cryptocurrency space over the past year. These concepts involve utilizing decentralized assets that have been staked through a liquid-staking protocol as collateral. Unlike traditional stablecoins that aim for price parity with fiat currencies, destablecoins do not strive for absolute stability. Instead, they leverage the
During the annual Consensus conference in Austin, Bitwise, a leading U.S. spot Bitcoin ETF issuer, painted a picture of a future where the convergence of the cryptocurrency industry and artificial intelligence (AI) could potentially inject a staggering $20 trillion into the global GDP by 2030. This bold forecast ignited discussions among industry leaders regarding the
The recent report released by Coinbase has shed light on the concerning trend of a decreasing number of crypto developers in the United States. Over the past five years, there has been a notable 14-point decrease in US-based crypto developers, leaving just 26% of the talent pool in the country. This decline in crypto talent
The recent developments in the ongoing saga between Nigeria and Binance have seen the country dropping tax charges against the exchange’s executives. This decision came after the Federal Inland Revenue Service (FIRS) of Nigeria withdrew the tax evasion charges against Tigran Gambaryan, Binance’s head of financial crime compliance, and Nadeem Anjarwalla, the exchange’s director for
Bitcoin (BTC) has experienced a 4.5% decrease in value over the past week, reaching a monthly low of $65,000. This drop in value can be attributed to a surge in selling activity from mining entities. According to a recent report by CryptoQuant analysts, Bitcoin mining entities have been transferring a higher volume of BTC to