Author: cointechies
Important points XRP's market capitalization exceeded $100 billion for the first time in more than six years. The price of XRP soared as the market became more optimistic following pro-crypto political developments. Share this article XRP's market capitalization surpassed $100 billion on Friday, reaching its highest level since January 2018 and overtaking BNB as the fifth-largest crypto asset by market capitalization, according to data from CoinGecko.The token price has risen 18% in the past 24 hours to $1.8, and is up 22% for the week. XRP has risen 193% since the beginning of the year. The asset currently ranks behind…
In August 2012, a young Chinese entrepreneur posted on the online forum Bitcointalk that he was selling shares in a company that manufactures hardware with chips specifically designed for Bitcoin mining and pays dividends based on its profits. .Jiang Xinyu, known on forums as Friedcat, was one of the first people in the world to promote such an idea through his company ASICMiner, which uses the acronym for application-specific integrated circuit. Eventually, fraud charges were laid for not receiving payment or equipment, the company went bankrupt, and Jiang disappeared in 2015.But the idea lived on, and the Bitcoin mining business…
This week's crypto calendar includes potential Ripple stablecoin approval, XRP toppling $100 billion market cap BNB, XLM 50% rise after Grayscale Stellar Lumens Trust filing, FIFA's new NFT game, and more , packed with major events and bullish stories. Additionally, Binance has delisted eight altcoin trading pairs from the spot market, and MicroStrategy plans to add more Bitcoin to its portfolio. Here are this week's top crypto news: Grayscale filing increases Stellar Lumens (XLM) price by 58% Stellar Lumens (XLM) soared 58% this week to $0.53. This is the highest value since 2021. The surge follows a 10-K filing for…
Ripple’s XRP rose to $1.7 after rumors of RLUSD approval by New York regulators made headlines. Andre Dragos of Bitwise said that the chances of XRP being approved will further increase in 2025 as retail investors are showing higher demand. If XRP spikes above the $1.96 level, the upside could increase by 30%. Ripple’s XRP rose near the $2 mark on Friday after rumors surfaced that New York regulators would approve the company’s stablecoin RLUSD. Rising demand for XRP exchange-traded funds (ETFs) could accelerate their launch in 2025. Ripple’s XRP Shows High Bullish Momentum Ahead of Stablecoin Approval and Possible…
An experienced investor has warned of the dangers of cryptocurrencies after losing more than £1 million to scammers.The retired widow, who wishes to remain anonymous, has been investing in stocks, funds and real estate for years and first heard about Bitcoin in 2019. After her husband died, she moved into a small house, but spent more than two years being led to believe in a fake scam. An “investment advisor” who invests sales proceeds in virtual currencies.The advisor showed her that the value of her investment had doubled, so she sold some of her shares so she could buy more…
Ethereum price today: $3,600 Ethereum CME open interest growth hits record high. Ethereum USDT supply recorded its highest monthly growth of 27% in November. After breaking above the key downtrend line, ETH could extend its rally and test the year-to-date high resistance at $4,093. Ethereum (ETH) was trading near the $3,600 level on Friday, potentially triggering a rally that tests the year-to-date high resistance at $4,093. This rally is being driven by increased open interest on the ETH Chicago Mercantile Exchange (CME) and increased USDT supply on the main chain. ETH CME Reaches New Milestone, Ethereum USDT Supply Surges 27%…
Analyst warns of ‘leverage driven pump’ as XRP price soars CryptoSlate
The cryptocurrency market is set to unlock $3.5 billion worth in December. Tokenomist data reveals that $574 million was unlocked among several crypto projects next week. Jito will be the main focus of the $490 million supply increase unlock. Tokenomist data on Friday reveals that the crypto market will witness another week of heavy cliff unlocking worth more than $570 million as part of December’s large $3.5 billion supply injection I made it. ADA, NEON, JTO will rise on the back of future supply increase As the cryptocurrency market approaches the final months of 2024, several tokens are preparing to…
Important points Ripple plans to receive NYDFS approval to issue the RLUSD stablecoin through a limited purpose trust charter. Ripple’s XRP has overtaken BNB to become the fourth-largest cryptocurrency by market capitalization. Share this article According to a report from Fox Business, Ripple plans to seek approval from the New York Department of Financial Services (NYDFS) to launch the RLUSD stablecoin, which will allow it to enter the US crypto market.The regulatory approval will allow Ripple to operate as a key player in New York's regulated digital financial market and the broader stablecoin ecosystem.The report indicates that NYDFS is expected…
Ripple poised for New York approval of stablecoin, set to enter regulated US crypto market Fox Business