The XRP community has once again found itself embroiled in a heated debate surrounding Ripple Labs. Recent data analysis has unveiled a series of massive XRP transactions, totaling 506 million tokens and valued at approximately $260 million. What makes these transactions particularly intriguing is not just their astronomical volume, but also their repetitive nature and
Bitcoin
Bitcoin has experienced an upward trend since dropping below $25,000 in mid-September. The recent rally, reaching $27,435, showcased a 10% increase from the local low. However, despite this positive movement, there are mixed signals in the market that require caution and careful consideration. Glassnode’s Realized HODL Ratio (RHODL) serves as a crucial indicator for market
Bitcoin, the flagship cryptocurrency, was designed with the intention of disrupting the conventional financial system. Recently, renowned Clinical Psychologist Jordan Peterson made an interesting suggestion that customers should consider abandoning traditional banks and embracing Bitcoin. Peterson’s statement was prompted by a news report stating that Macquarie Bank, one of Australia’s largest banks, plans to transition
Since the Merge, Ethereum has undergone significant changes, starting with the implementation of the London hard fork. One key development introduced by this upgrade is the fee-burning mechanism. Under this mechanism, transaction base fees are burned immediately after a transaction is processed. This move was aimed at making Ether deflationary, as it permanently removes some
Despite the recent downturn in the cryptocurrency market, US-based trading platform Robinhood has made a bold move by significantly increasing its Shiba Inu (SHIB) token holdings. This article will explore Robinhood’s decision and its potential implications amidst the ongoing market fluctuations. On August 30, it was revealed that Robinhood had become the fifth-largest holder of
In the midst of increasing regulatory scrutiny, Binance.US, the American affiliate of cryptocurrency giant Binance, finds itself entangled in a storm of legal challenges and a wave of executive departures. As the company grapples with these issues, it faces significant hurdles in maintaining its operations and rebuilding trust among regulators, investors, and users. The departure
In a recent court filing, FTX, the crypto exchange currently navigating bankruptcy, has made significant changes to its proposal regarding the sale of its Bitcoin and crypto holdings. These adjustments come as a response to concerns raised by the US Trustee, the bankruptcy branch of the Department of Justice. FTX’s initial proposal, which will be
In a concerning development, popular crypto exchange CoinEx is believed to have fallen victim to a suspected hack, resulting in significant losses from its Ethereum (ETH), TRON (TRX), and Polygon (MATIC) hot wallets. The incident, which unfolded on Tuesday, has sparked an ongoing investigation into the security breach. Significant Losses According to reports by Colin
In an interview with CNBC on Monday, David Marcus, former President of Paypal and Head of Facebook Payments, expressed his belief that Bitcoin (BTC) is the universal protocol for money on the internet. He emphasized Bitcoin’s significance as the flagship cryptocurrency and its core value as a payment solution while discussing its potential as a
Shiba Inu (SHIB) has been facing a tough time lately, as its price struggles to make any significant gains in the unpredictable crypto market. Those who witnessed the impressive rally between mid-June and mid-August are now confronted with the harsh reality that these gains have been nearly wiped out. Despite entering the final quarter of
