Category: Other Crypto News

Ripple Joins Singapore Sandbox to Test RLUSD in Trade Finance

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Financial technology company Ripple said Wednesday it had joined the Monetary Authority of Singapore’s (MAS) BLOOM initiative with supply chain finance technology firm Unloq to test programmable cross-border trade settlement using the XRP Ledger and Ripple USD. The pilot will use Unloq’s SC+ smart-contract-driven trade finance infrastructure, which integrates trade obligations, settlement conditions and financing workflow into a single execution layer. The pilot will also utilize Ripple’s XRP Ledger (XRPL) and its stablecoin designed for enterprise use cases, Ripple USD (RLUSD), the announcement states. MAS launched BLOOM, short for Borderless,…

Bitcoin Is Officially In A Bear Market And Is Headed Below $30,000, Analyst Warns

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One thing that has stood out about Bitcoin is how different the recent bull cycle was from other bull cycles. For example, even after the Bitcoin price surged to new all-time highs, the altcoins never followed, and therefore, there was no explosive altcoin season as many expected. Following this deviation, crypto analyst Swallow Academy has purported that the digital asset is likely to keep deviating, and that would mean that it has now entered another bear market cycle. Why Bitcoin Price Is Headed Below $30,000 The chart shared on the…

Irish Authorities Recover Millions in Bitcoin From Lost Wallet

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Irish national police say they have cracked one of 12 Bitcoin wallets linked to a convicted drug dealer, years after they were confiscated and their access codes were thought to be gone forever. Ireland’s Criminal Assets Bureau (CAB) said in a statement on Tuesday that it had “gained access to and seized a cryptocurrency wallet” containing 500 Bitcoin (BTC), worth more than $35 million, with the help of Europol’s European Cybercrime Centre. “Europol hosted operational meetings at its headquarters in The Hague, the Netherlands and provided critical support to Bureau…

This Level Holds Cost Basis Of 28 Billion DOGE

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Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started…

Solana (SOL) Recovery Firms, Bulls Prepare for Stronger Upside Push

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Solana found support at $85 and corrected some losses. SOL price is now consolidating above $90 and might aim for a steady increase. SOL price started a decent recovery wave above $88 and $90 against the US Dollar. The price is now trading above $90 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $88 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $92.80 and $95.…

Cardano At Multi-Year Support That Previously Led To 200% Rally

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As Cardano (ADA) retests a key multi-year level that previously led to significant price increases, some analysts point to on-chain and derivative signals suggesting a potential price recovery for the altcoin. Related Reading Cardano Retests Key Macro Support On Tuesday, Cardano dropped 3% to retest a crucial macro support level. The altcoin has been trading between $0.25-$0.30 since the early February market crash, failing to break out of the range’s upper boundary over the past two months. ADA’s price has retraced to the lower levels of its one-month accumulation zone,…

Enlivex Raises Funds for Rain Prediction Market Token Buys

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Immunotherapy company Enlivex has raised $21 million via a debt financing agreement to purchase another 3 billion tokens tied to the prediction market platform Rain. Enlivex said on Tuesday it exercised an option to acquire another 3 billion Rain (RAIN) tokens at a 62% discount for $10 million on Sunday while extending its option to purchase another 272.1 billion RAIN tokens at the same price to December 2027. The debt financing came from The Lind Partners, a New York-based asset manager. “We are continuing to execute our prediction markets treasury…

Robinhood Approves $1.5B Share Buyback

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Stock and crypto trading platform Robinhood has approved to buy back $1.5 billion worth of its shares. Robinhood said in a Securities and Exchange Commission filing on Tuesday that the company’s board of directors approved the $1.5 billion share repurchase program, which it will carry out over the next three years. The program includes $1.1 billion in new incremental capacity, with the remainder rolled over from an older repurchase program. “Robinhood is a generational company with a massive long-term opportunity,” Robinhood financial chief Shiv Verma said in a statement. “This…

CEO Predicts $500M A Year In Revenue Within Next Five Years

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

OpenAI to Shut Down Sora After Just Six Months

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OpenAI has announced it is shutting down its video generation platform Sora after just six months, with CEO Sam Altman reportedly telling staff the company is winding down all of its video products. “We’re saying goodbye to the Sora app,” Sora posted to X on Tuesday. “We know this news is disappointing. We’ll share more soon, including timelines for the app and API and details on preserving your work.” Sora was released in September to a buzzy reception as the ChatGPT maker sought to make inroads on short-form video content…