XRP, the cryptocurrency associated with Ripple, has been hovering around the $0.52 mark in recent times. Despite this stagnation, analysts are optimistic about a potential rise to $0.70 in the upcoming summer months. DustyBC Crypto and Blockchainedbb are among those who believe that XRP is on the brink of breaking out of its consolidation phase,
Crypto
The on-chain investigator ZachXBT recently brought to light a case of fraudulent activity involving an early investor in the Solana-based meme coin known as ANDY. The exploiter managed to drain a staggering $2 million worth of meme coins in several transactions, causing a significant plunge in the price of ANDY. The Consequences In the aftermath
FTX, a bankrupt cryptocurrency exchange, recently proposed a reorganization plan that has faced objections from creditors. These creditors, including Ahmed Abd El-Razek, Pat Rabbitte, Noia Capital, and activist Sunil Kavuri, argue that the plan does not meet the requirements of the Bankruptcy Code. According to Kavuri, the plan overlooks property rights issues, fails to pass
Semler Scientific, a medical technology company based in California, has recently made headlines by purchasing an additional 247 BTC for $17 million. This new investment brings their total Bitcoin holdings to 828 bitcoins, which were acquired for a total of $57 million. The company has also announced plans to raise $150 million to further increase
Kraken, a prominent player in the cryptocurrency exchange market, is reportedly gearing up for a significant funding round as it sets its sights on a potential initial public offering (IPO) in the coming year. The exchange, which is one of the oldest and largest in the United States, is said to be seeking to raise
Robert Kiyosaki, the renowned financial expert and author of Rich Dad Poor Dad, has recently made a bold prediction regarding the price of Bitcoin (BTC). According to him, he firmly believes that BTC will reach an astonishing value of $350,000 by August 25th. While Kiyosaki acknowledges that his prediction may be considered as mere speculation,
In a recent development, a group of U.S. lawmakers, led by House Foreign Affairs Committee Chair Michael McCaul and supported by 11 other congressional leaders, have called on President Joe Biden to intervene in the detention of Tigran Gambaryan, a high-ranking executive at Binance. The lawmakers are demanding that the situation be treated as a
Real-world assets have gained notable popularity in the cryptocurrency space as they represent physical assets such as properties and objects. These assets operate through smart contracts and blockchains and have shown massive growth, boasting a market capitalization running into billions of dollars. Santiment, an on-chain analytics firm, has revealed that Chainlink (LINK) is leading the
In recent months, a significant trend has emerged in the world of Bitcoin – large holders, also known as “whales,” are accumulating more tokens. Data shows that a select group of whale addresses now collectively possess over 40% of the total Bitcoin supply. This accumulation by whales, particularly those holding over 1,000 BTC, has been
In a surprising turn of events, a whale investor has recently been making headlines for their extraordinary accumulation of Shiba Inu (SHIB) tokens. Over the course of just six hours, this investor spent a whopping 4,849 ETH, equivalent to approximately $18.44 million, to acquire an astounding 715.9 billion SHIB. This massive buying spree is a
There is a growing level of anticipation and excitement surrounding the upcoming launch of spot Ethereum ETFs in the United States. Research conducted by K33 suggests that these investment vehicles could potentially attract a substantial amount of capital in a relatively short period of time. It is projected that approximately $4 billion could flow into
In the midst of the 2024 bull run, the native token of the world’s largest cryptocurrency exchange, Binance, has finally managed to steal the spotlight. After being on the sidelines for a significant portion of the rally, BNB has soared past $700 and achieved a new all-time high. Its market cap has also experienced explosive
The world of cryptocurrency has been witnessing the emergence of various meme coins, with some gaining immense popularity in a short period of time. One such example is the frog-themed Brett (BRETT) coin, which has experienced a significant spike in its value recently. However, despite its impressive performance, it still falls behind the leading asset
Watford Football Club, a professional English football team, is looking to sell 10% of its equity to investors, including its fans. The club aims to raise approximately £17.5 million ($22.3 million) through this equity sale. Watford FC will be offering the shares on the crypto and startup investment platform Republic, as well as its European