Author: News Room
What is XRPL? XRPL is a decentralized public Blockchain enabling quick transfers of XRP, fiat currencies, and digital assets, open to all for development. Jed McCaleb, along with Arthur Britto and David Schwartz, established Ripple Labs in 2012 with the vision of creating the XRP Ledger (XRPL). This initiative aimed to develop a robust ledger technology capable of supporting not only the native digital asset, XRP, but also serving as a global payment infrastructure. Ripple Labs aimed to tackle the inefficiencies and delays inherent in traditional financial systems by introducing a decentralized ledger capable of settling transactions in seconds. This…
Litecoin has demonstrated notable momentum lately, with its price skyrocketing by 12% in the past 24 hours, reaching $106. What’s intriguing is the significant surge in daily trading volume, which has surged by 175%, currently standing at $1.87 billion. This surge indicates robust investor interest in altcoins. Since the outset of 2024, the Litecoin (LTC) price has showcased steady growth, accruing a 43% increase, with a substantial portion of these gains materializing over the past week. Read the full article here
In a bold declaration, veteran trader Peter Brandt, with over four decades of experience tracking markets, has revealed Bitcoin as one of his largest investment holdings. Brandt posted a BTC chart alongside that of gold with the caption: “Charts of my two largest investment holdings.” On the Bitcoin chart, Brandt highlighted the patterns that had led to BTC price breakouts in its prior and current price cycles. Charts of my two largest investment holdings $BTC #GOLD pic.twitter.com/x6LrByFOj6 — Peter Brandt (@PeterLBrandt) March 29, 2024 Brandt’s assertion comes at a pivotal moment for the cryptocurrency market, as Bitcoin’s price hovers in…
Throughout the month of March, the Aptos network has undergone a significant surge in activity, coinciding with an impressive 48.82% increase in the price of the APT token over the past 30 days. This surge reflects a dynamic ecosystem as daily active users have soared to an impressive 2.5 million, marking a substantial 55% increase. Read the full article here
In an unprecedented turn of events, following a remarkable price rally witnessed by Dogecoin, one of the most popular meme-based cryptocurrencies, the token now appears to be facing a correction phase in the market. This piqued the interest of crypto market enthusiasts across the globe as DOGE’s price noted a slip below the $0.22 mark recently, with today’s massive DOGE dump to a CEX further weighing in. Read the full article here
Top global crypto exchange Binance has announced plans to support a new Ethereum (ETH)-based altcoin via its Launchpool platform. Binance Launchpool, which lets users stake coins to farm new assets, says its 50th project will be Ethena (ENA), a synthetic dollar protocol. Ethena aims to provide a crypto-native solution for money not reliant on traditional banking system infrastructure via a synthetic dollar called USDe. The protocol also offers a dollar-denominated savings instrument called “the Internet Bond.” Explains the project’s whitepaper, “The ‘Internet Bond’ will combine yield derived from staked Ethereum as well as the funding and basis spread from perpetual…
Bitcoin (BTC) is currently hovering and consolidating above the $70,000 mark, partly buoyed by a slowdown in outflows from spot exchange-traded funds (ETFs). With the cryptocurrency having recently shattered two record highs within days, all eyes are on its potential for yet another historic milestone. In this regard, TradingShot, a crypto trading expert, shared insights in a TradingView post on March 30. According to the analysis, Bitcoin’s technical indicators strongly point to a bullish immediate price target that could pave the way for a new record high of $78,000. The analyst pointed out that Bitcoin is mirroring a fractal pattern…
American billionaire crypto investor Michael Novogratz has wittily expressed regrets for not holding the fastest-growing Solana meme coin, Dogwifhat (WIF). Novogratz made the remark at a recent conference in Manhattan as captured in a recent report by Bloomberg. The conference was about Bitcoin’s surge into mainstream investing. However, during the summit, attendees were captivated not by the behemoth cryptocurrency but by the newcomer WIF, distinguished by its logo of a dog donning a cozy knit hat. Amid discussions led by industry luminaries and top executives from financial giants like BlackRock, Novogratz, the CEO of Galaxy Digital, playfully expressed remorse over…
Prices of many cryptocurrencies have been hitting weekly highs recently, and the likes of dogwifhat (WIF), Jupiter (JUP), Litecoin (LTC), and Render (RNDR) have not been left out. In the last seven days, WIF’s price has increased by an incredible 107%. JUP, like WIF, jumped by 26.07%, and AI-themed RNDR registered a 3.68% increase. Lastly, LTC rose by 23.91%. In this piece, Coin Edtion considers how the price actions of these cryptocurrencies compare with each other. First, the analysis would focus on WIF against JUP since they were both built on Solana. Next up is an in-depth analysis of LTC…
Fox Business reporter Charles Gasparino reports that securities lawyers are warning Ripple (XRP) holders that Judge Torres’ analysis of Ripple could be overturned by federal courts. The warning follows a ruling by a federal judge against Coinbase, a popular cryptocurrency exchange platform. The judge rejected Coinbase’s argument that Torres’ Ripple decision supported the dismissal of the lawsuit between it and the SEC. Instead, the judge credited Rakoff’s analysis of Terraform, which also rejected Torres’ analysis. Coinbase had a partial gain and a partial loss with the decision made by Judge Katherine Polk Failla in the case filed by the US…