Ripple, a prominent player in the cryptocurrency industry, has recently announced its plans to launch a stablecoin called Ripple USD (RLUSD). This stablecoin is set to operate on both the XRP Ledger and Ethereum, with the goal of bridging the gap between crypto and traditional finance. Just a few days ago, Ripple minted the first
Crypto
Former Binance CEO Changpeng ‘CZ’ Zhao’s recent transfer from FCI Lompoc II to the RRM Long Beach halfway house in California has caused confusion among users who mistakenly believed he had been released. However, despite the change in location, CZ remains incarcerated. The RRM Long Beach facility is classified as a ‘residential reentry management (RRM)
Pi Network, a crypto project introduced in 2019, aims to revolutionize the way users mine and earn digital assets on their mobile devices. By using the Stellar Consensus Protocol (SCP) as a consensus algorithm, it strives to be more energy-efficient compared to traditional Proof-of-Work (PoW) systems. Despite gaining millions of users and transitioning them towards
In recent times, there has been a noticeable shift in the Layer 2 network landscape, with Base, an Ethereum Layer 2 network that was incubated by Coinbase, making significant strides. Data from IntoTheBlock reveals that Base now has nearly 40% more daily active addresses than the combined total of its competitors, Arbitrum and Optimism. This
Bitcoin experienced a significant drop recently, falling from $59,600 to $56,300. However, in the past 12 hours, the leading cryptocurrency made a strong recovery and surged to a weekly high of nearly $62,000. This sudden uptick in price has been followed by a positive trend in the altcoin market, with larger-cap altcoins such as LINK,
In the latest market analysis by technical analyst Willy Woo, it was noted that Bitcoin inventory on exchanges has been experiencing a bearish trend until the start of August. This was primarily due to a significant influx of around 100,000 BTC from the German and US governments selling, as well as Mt. Gox distributions. Woo
The recent choppy consolidation in bitcoin’s price action has left many market players anxious. Despite this, there is evidence to suggest that certain holders of the world’s largest crypto asset are ramping up their holdings. Specifically, bitcoin whales, particularly those holding between 100 and 1,000 BTC, have been increasing their positions significantly. According to Santiment’s
Tokyo’s Metaplanet investment firm made headlines recently with its announcement of acquiring an additional 57.273 BTC, valued at approximately 500 million yen or $3.4 million. This move comes amidst the current market lull, showcasing Metaplanet’s long-term growth strategy. The decision to purchase more Bitcoin is part of a larger plan that was initially revealed on
The United States spot Bitcoin exchange-traded fund (ETF) market experienced a decrease in daily trading volume to $779.87 million on Monday. This decline marks the third lowest traded volume, following the records set on February 5th and 6th. While there was an inflow of $61.98 million into spot Bitcoin ETFs, it is important to note
Recently, a troubling incident has made waves within the Solana community on Reddit. A new browser extension, cleverly named the “Bull Checker,” has been wreaking havoc among Solana users by posing as a harmless meme coin tracker. This insidious extension has managed to evade detection systems and siphon funds from unsuspecting victims, raising concerns about
