In the past 24 hours, XRP’s price surged above $0.57, indicating a positive momentum for the cryptocurrency. However, the bulls were unable to maintain the pressure, resulting in a slight dip to around $0.56. Nonetheless, this upward movement represents an impressive gain of over 10% since February 9th when XRP was trading below $0.52. Speculation
Crypto
Tron Founder Justin Sun has recently shared an ambitious roadmap for Tron’s Bitcoin Layer 2 initiative, showcasing the protocol’s commitment to enhancing the interoperability and utility of blockchain technologies. The roadmap not only aims to boost the scalability, speed, and security of the Bitcoin network, but also seeks to integrate tokens on the Tron network
Genesis Global, a prominent cryptocurrency company, has received approval from the bankruptcy court to sell approximately 35 million shares of Grayscale Bitcoin Trust (GBTC), with an estimated value of $1.3 billion. This decision, made by U.S. Bankruptcy Judge Sean Lane in a court hearing held in White Plains, New York, grants Genesis the authority to
The founder of Uniswap, Hayden Adams, recently alerted the crypto community to a concerning new wave of scams targeting users through deceptive user interfaces (UIs) in crypto wallets. These scams involve fake clones of Ethereum Name Service (ENS) domains, where scammers purchase domains closely resembling legitimate Ethereum addresses. This allows them to deceive users and
In a recent development, the court battle between Changpeng Zhao (CZ) and the United States government has experienced a delay in the verdict. This delay comes as CZ pleaded guilty to violations of anti-money laundering (AML) procedures and was allowed to remain out of custody until his sentencing by posting a bail bond of $175
The long-anticipated possibility of FTX restarting its operations after the bankruptcy process has been abruptly dismissed. According to the lawyers representing the defunct exchange, FTX will now move forward with dissolving the company once all debts have been paid off. This news may undoubtedly disappoint investors who had hoped for a revival and potential recovery
Bitcoin’s upward trajectory continues as it reached a new monthly peak of $48,600 recently. After a period of trading sideways, the bulls took charge of the market and pushed the price above $47,000 by the end of the week. Despite initial resistance at $48,000, Bitcoin surged ahead and achieved its highest price point in approximately
Chinese Bitcoin miners have found a new opportunity in Ethiopia, driven by their need for affordable energy and favorable regulatory environments. Displaced from their home country due to stringent regulations, these miners are searching for locations that offer cheap electricity and welcoming regulations. Ethiopia, with its low electricity costs and government support, has emerged as
Bitcoin has once again proven its volatile nature as its price continues to soar in the past 24 hours. Breaking through the $48,000 mark, the cryptocurrency has reached a new monthly peak. However, this current success did not come without its fair share of ups and downs throughout the week. Let’s take a closer look
Bitcoin has once again defied expectations as it surged past the $46,000 mark on February 9th, overcoming a significant resistance level at $44,000. This breakthrough comes after weeks of struggle, with the resistance hindering price increases ever since the introduction of spot Bitcoin ETFs in the United States about four weeks earlier. However, fueled by