Ripple, a well-known player in the cryptocurrency industry, has recently made waves with its announcement of launching a stablecoin named Ripple USD (RLUSD). The primary goal behind this move is to establish a connection between the digital asset space and the traditional financial sector. This strategic decision has the potential to revolutionize the way cryptocurrencies
Crypto
Bitcoin’s price has been fluctuating lately, with the bulls currently in control pushing the price above $60K. However, as we head into the weekend, trading volume is expected to decrease, potentially leading to more significant price movements. Lower trading volume results in less liquidity in the market, making it easier for price swings to occur.
Pi Network is a unique crypto project that offers users the opportunity to mine and earn digital assets directly from their mobile devices. Launched in 2019, Pi Network sets itself apart by aiming to be energy-efficient through its use of the Stellar Consensus Protocol (SCP) as a consensus algorithm, developed by the Stellar Development Foundation.
Former Binance CEO Changpeng ‘CZ’ Zhao has recently been transferred from FCI Lompoc II to the RRM Long Beach halfway house in California. This move has sparked confusion among X users who mistakenly believed that he had been released. However, despite the change in location, CZ remains incarcerated. The RRM Long Beach facility is categorized
Recently, there has been a noticeable shift in the Layer 2 network landscape, with Base, an Ethereum Layer 2 network incubated by Coinbase, rapidly gaining traction. According to IntoTheBlock’s latest findings, Base now has nearly 40% more daily active addresses compared to the combined total of rival Layer 2 networks such as Arbitrum and Optimism.
In the past 12 hours, Bitcoin has made a significant recovery after slipping hard the day before. The leading cryptocurrency surged to a weekly high of nearly $62,000, showcasing its resilience and ability to bounce back from temporary setbacks. Alongside Bitcoin, several larger-cap altcoins have also experienced impressive gains. Altcoins like LINK, UNI, MATIC, and
Recently, Willy Woo, a renowned technical analyst, highlighted the bearish behavior of the Bitcoin market due to an influx of around 100,000 BTC from governments and exchanges. He pointed out that speculation has led to the creation of more paper Bitcoin, such as derivatives, which do not involve direct ownership of the asset. However, a
Tokyo’s Metaplanet investment firm recently announced the acquisition of an additional 57.273 BTC, valued at approximately 500 million yen or $3.4 million. This move comes amidst a market lull and is part of a broader strategy that the company unveiled on August 8. Following an earlier acquisition of a 1 billion yen loan, worth around
The recent choppy consolidation in bitcoin’s price action has left many market players feeling uneasy. However, amidst this uncertainty, a certain group of investors holding between 100 and 1,000 BTC are showing growing confidence in the world’s largest crypto asset. According to Santiment, these bitcoin whales have significantly increased their holdings by acquiring an additional
Recently, a malicious browser extension named “Bull Checker” has been identified as targeting Solana users on Reddit. This extension poses as a meme coin tracker but in reality, it is draining users’ wallets without their consent. Users have reported unauthorized token drains after using this extension, leading to significant concerns within the Solana community. The
