The XRP Ledger ecosystem is currently buzzing with new exciting developments that could potentially propel the price of XRP to new heights. RippleX, an extension of Ripple and an open developer platform has announced new updates for the upcoming XRP Ledger Ethereum Virtual Machine (EVM) sidechain. XRPL EVM Sidechain Signals Hope For XRP Price Resurgence On Tuesday, RippleX released the latest developments and progress on the XRPL EVM Sidechain via an X (formerly Twitter) post. This significant update was shared by Peersyst Technology, a blockchain technology firm and an XRPL…
Month: January 2024
Bitcoin spot ETFs recorded the largest single-day total net outflow
On Jan. 24, the total net outflow of Bitcoin spot ETFs was $159 million, the largest single-day total net outflow. According to the analytics platform Alpha, on Jan. 24 the total net outflow of Bitcoin spot ETFs hit $159 million, the largest one-day net outflow since launch. Source: Alpha Grayscale ETF has been the leader in net outflows with $429 million since the fund’s launch. All ETFs except Grayscale had net inflows of $270 million. At the same time, for the second day in a row, the outflow of funds…
Token Riding on Bitcoin Layer 2 Hype Faces Insider Trading Controversy
SatoshiVM has seemingly included most of the trendy buzzwords in defining its protocol. It claims to be a Bitcoin layer 2 protocol powered by zero-knowledge rollup technology – a string of terms that, together, can be thought of as a network that settles transactions on Bitcoin without having to share extra data with network validators. Original
Bitcoin Holds Above $40K Ahead of U.S. GDP, $5.8B Crypto Options Expiry
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Future Digital Pound Legislation Will Provide Protections to Privacy and Control
The consultation on a central bank digital currency (CBDC) was conducted by the government’s finance ministry alongside the Bank of England, and concluded in June. It received over 50,000 responses. A chief concern in the consultation was privacy and control of money. Source
XRP Faces Bearish Pressures Amid Market Downturn
XRP, the native cryptocurrency of the Ripple network, became a focal point in the face of the recent downturn in the broader market, facing the consequences of breaching a crucial support level and prompting uncertainties regarding its immediate outlook. In tandem with Bitcoin’s descent below the $40,000 mark and Ethereum’s stumble beneath $2,200, XRP mirrored the trend, slipping below the pivotal $0.51 threshold for the first time since January 3. XRP Vulnerability Sparks Differing Views This abrupt breakdown laid bare the vulnerability of XRP’s current standing, triggering a wave of…
Bitcoin Holds Above $40K Ahead of US GDP, $5.2B Crypto Options Expiry
Traders have scaled back bets of aggressive rate cuts by the Federal Reserve ahead of the U.S. GDP report. Original
NuggetRush, Solana, and Cosmos in focus
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. NuggetRush (NUGX) integrates impact gaming into its model. Solana (SOL) is under pressure, drops 7% in the last three days. The Cosmos Hub rejected Proposal 868. NuggetRush (NUGX), Solana (SOL), and Cosmos (ATOM) are being monitored. Each project offers unique features and developments. NuggetRush plans to reshape GameFi using NFTs NuggetRush offers an innovative model incorporating impact gaming. It seeks to provide a unique gaming experience by offering NFTs…
Will Polygon (MATIC) Price Hit $1 after Overtaking Bitcoin ?
Polygon (MATIC) recorded user growth 50% higher than Bitcoin (BTC) in 2023, according to a Flipside Analytics’s industry report. Flipside Analytics’ latest crypto industry report has shown that Polygon surpassed Bitcoin in user-growth for 2023, a feat that could impact MATIC price significantly action in 2024. Polygon (MATIC) recorded 15 million new users in 2023 Polygon (MATIC) price performance has been tepid in recent months. As the crypto market rallied in Q4 2023, mega-cap altcoins like Solana (SOL), Cardano (ADA), Avalanche (AVAX) closed the year with triple-digit quarterly gains. In…
Bitcoin Whales Go On Buying Spree As Price Dips, Here’s How Much They Bought
A recent development shows that Bitcoin whales have refused to be deterred by the recent price action of the flagship cryptocurrency. Instead, they have chosen to see it as an opportunity to accumulate more BTC. This move could turn out to be really profitable based on a recent analysis by crypto analyst Ali Martinez. An Increase In Bitcoin Whales Ali Martinez stated in an X (formerly Twitter) post that 46 new entities now hold 1,000 BTC or more, which represents a 3% increase in just two weeks. Data from BitInfoCharts…