Ripple recently announced its plans to introduce a stablecoin called Ripple USD (RLUSD) on the XRP Ledger and Ethereum. This move is aimed at bridging the gap between traditional finance and the world of cryptocurrencies. The stablecoin is expected to provide deep liquidity for major trading pairs on centralized exchanges, allowing users to transact globally
Cardano has been the subject of numerous bullish predictions recently, particularly in anticipation of the Chang upgrade. This upgrade is considered to be a significant milestone for the network, leading to increased optimism among supporters. However, despite these positive sentiments, the altcoin’s price has faced challenges in recent years. After reaching an all-time high price
Binance, the world’s leading cryptocurrency exchange, has announced that it will temporarily suspend deposits and withdrawals for The Open Network (TON) on August 26. This maintenance activity is expected to last for about two hours, after which all services will be resumed. While this may cause inconvenience for users looking to transact with TON during
One crucial aspect to keep an eye on when it comes to Bitcoin’s price performance over the weekend is market volume and liquidity. Traditionally, weekends see lower trading volume compared to weekdays, which can lead to more significant price movements. With less liquidity in the market, it becomes easier for traders to influence price action
The DeFi Education Fund and the Blockchain Association have raised concerns about the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT), citing significant privacy and security issues for participants in the digital asset market. The creation of a centralized database tracking all securities trades across US markets without the need for a warrant or
Cardano has recently experienced a surge in price, making it one of the leading gainers in the crypto market in the last seven days. Despite this positive movement, Cardano has been one of the most underperforming coins since the beginning of the year, with a year-to-date loss of over 35%. This disparity in performance may
In a recent development, a US federal judge has denied crypto exchange Kraken’s request to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC) over allegations of operating an unregistered securities exchange. This decision comes after Kraken requested a dismissal of the case filed by the SEC in November. The regulator’s complaint accused
Former Binance CEO Changpeng ‘CZ’ Zhao has been transferred from FCI Lompoc II to the RRM Long Beach halfway house in California, sparking confusion among users who mistakenly believed he had been released. Despite the change in his location, CZ remains incarcerated. The RRM Long Beach facility, categorized as a ‘residential reentry management (RRM) field
Pi Network, a crypto project introduced in 2019, has gained attention for its unique approach to mining and earning digital assets on mobile devices. The project aims to be energy-efficient by utilizing the Stellar Consensus Protocol (SCP) developed by the Stellar Development Foundation. This sets it apart from traditional Proof-of-Work (PoW) systems that are known
In a groundbreaking move, the Federal Bureau of Investigation (FBI) has announced its decision to utilize Non-Fungible Tokens (NFTs) to return $1.14 million to victims of the CluCoin fraud. This marks the first instance of law enforcement agencies leveraging NFTs to facilitate the recovery of funds for fraud victims. The use of NFTs in this