Author: cointechies

Crypto regulation needs thoughtful rethink under Trump  Financial Times

Important points Ripple CTO warns against FOMO as RLUSD stablecoin launch price skyrockets. RLUSD is pegged to the US dollar and competes with USDT and USDC. Share this article The launch of Ripple's RLUSD stablecoin could result in early supply shortages that could lead to temporary price spikes, with some buyers potentially paying more than the $1 target. David Schwartz, Ripple's CTO, advised against buying out of FOMO, stressing that this is not an investment opportunity.The warning was issued after members of the crypto community discovered that RLUSD was listed at $1,200 per unit on the Xaman trading platform, far…

Aayush Jindal is a well-known name in the world of financial markets, whose expertise spans over 15 illustrious years in the field of Forex and Cryptocurrency trading. Known for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors around the world, guiding investors through the complexities of modern finance with his keen insight and keen chart analysis. I will guide you. From an early age, Aayush showed a natural talent for deciphering complex systems and unraveling patterns. Driven by his insatiable curiosity to understand market dynamics, he embarked on a journey…

Trump’s DeFi project’s December crypto buying spree nears $45M  Cointelegraph

Bitcoin rises to new record above $106,000 as investors await this week’s Fed decision  CNBC

The Ripple USD (RLUSD) stablecoin tied to the US dollar is scheduled to launch on the XRPL and Ethereum blockchains. RLUSD is fully backed by cash reserves and is convertible 1:1 with the US dollar, making it more reliable. Transactions using RLUSD in XRPL and XRP-EVM will require XRP as gas, potentially increasing XRP demand. Ripple's chief technology officer (CTO) warned against overspending at the launch of RLUSD, emphasizing its role as a stablecoin rather than an investment. The XRP community is eagerly awaiting the launch of the RLUSD stablecoin. Ripple USD (RLUSD) is a stablecoin pegged to the US…

Ethereum price has started a decent rise above the $3,900 zone. ETH is consolidating gains and could aim for a move above the $4,000 resistance zone. Ethereum started a decent rally above $3,880 and $3,920. The price is trading below the 100-hour simple moving average at $3,920. On the hourly chart of ETH/USD (data feed via Kraken), the pair has broken above a major bearish trendline with resistance at $3,900. If the pair clears the resistance levels at $3,980 and $4,020, the pair could continue higher. Ethereum price faces resistance Ethereum price remained stable and rose above $3,850, but fell…

According to multiple industry analysts, Ethereum may be on its way to breaking above USD 4,000 again and setting a new all-time high. Global cryptocurrency exchange Bybit has reported that interest in derivatives for Ethereum is high and expects the token to reach new heights as early as Q1 2025. Ethereum activity is also increasing, with an average of 130,000 new addresses being confirmed on the network every day. In December. After all, some industry analysts believe that ETH will reach the new ATH sooner or later. Riding the tailwind of breaking above US$4,000 (A$628,000), the crypto community is salivating…

Bitcoin price has broken above the $100,000 resistance zone and started rising again. BTC rose nearly 5% to a new all-time high of over $106,400. Bitcoin has started a new rally above the $100,000 zone. The price is trading above $102,000 and the 100 hourly simple moving average. On the hourly chart of the BTC/USD pair, a bullish trend line has formed connecting at $103,400 as support (data feed from Kraken). If the pair breaks above the $102,500 support zone, it could start a new rally. Bitcoin price rises again Bitcoin price has formed a base and started a new…

Bitcoin hit a new high of US$106,000 after President Donald Trump suggested the US may create a Bitcoin reserve. Japanese lawmaker Satoshi Hamada has proposed considering Bitcoin as part of Japan's national reserves. Former Thai Prime Minister Thaksin Shinawatra recommended not necessarily investing in Thailand, but researching trends in cryptocurrencies. Bitcoin hit a new high of US$106,000 (A$166,000) on Monday morning Australian time, and peaked at US$106,488 (A$167,233) just before noon local time. . The rally came after President Donald Trump told CNBC that his administration intends to establish a Bitcoin reserve fund or something similar. Related: AMP becomes Australia's…