Author: News Room

TL;DR XRP’s price increased to $0.62, with predictions of reaching up to $1.40 in the short term due to a potential bull run. Factors contributing to the asset’s possible rise include the potential resolution of the ongoing lawsuit between Ripple and the US SEC, with the trial scheduled for April 23. Ripple’s XRP is one of the many cryptocurrencies that have experienced a price increase today (March 21). Its value briefly surged to $0.62 before slightly retracing to its current level of $0.61 (per CoinGecko’s data). Multiple analysts believe this is just the beginning of a major bull run that…

Bitcoin price extended its decline below the $65,000 support. BTC is now struggling to stay above the $62,000 support zone and might test $60,000. Bitcoin price is moving lower below the $64,000 support zone. The price is trading below $63,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $63,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent upward move if it clears the $65,200 resistance zone in the near term. Bitcoin Price Grinds Lower Bitcoin price remained in a short-term…

UXLINK, a pioneering Web3 social platform, recently secured a substantial investment with OKX Ventures leading its latest funding round. This investment indicates well for UXLINK and shows that more people are realizing how Web3 technology can transform social networking and decentralized finance (DeFi). OKX Ventures Led an Investment in UXLink, A Web3 Social Platform and Infrastructure Providerhttps://t.co/2sVrLJJdsT@UXLINKofficial pic.twitter.com/CZIv3Hf9na — OKX Ventures (@OKX_Ventures) March 13, 2024 OKX Ventures Founder Praises UXLINK as Web3 Social Infrastructure Game-Changer UXLINK’s unique blend of Web3 and social network concepts drives its innovation. Telegram’s new “UXGroups” feature helps people use DApps and cryptocurrencies through real-life connections.…

It’s raining Runestone. The highly anticipated Runestones airdrop took place late Thursday, sending Ordinal inscriptions to over 112,000 Bitcoin wallets. “Something is happening!” NFT historian and Runestone spokesperson Leonidas said on Twitter. “112,383 Runestones are approaching Earth’s atmosphere. Brace yourselves for impact.” According to the Inscription marketplace Ordi, collectors hoping to receive a Runestone in the airdrop must go to its Bitcoin Ordinals platform and enter their wallet address, and sort by newest. “It’s a decentralized, 100% volunteer effort—I tweeted the idea last month to do a massive airdrop to reward the year one Ordinals community,” Leonidas previously told Decrypt.…

If you are a multi-chain user, you have probably heard of Pyth Price Feeds. They crop up everywhere in the context of L2s and EVM networks – as well as on a host of non-EVM chains including Solana. But while this infrastructure technology may be ubiquitous, it’s not widely understood. Unless you’re a developer, price-feed oracles are an abstract concept at best. Here’s how they work with Pyth – and why they’re so important in the omnichain era. Oracles everywhere Pyth Price Feeds are a popular type of oracle designed to deliver real-time data from an array of markets. Blockchains…

In the latest release from S&P Global Ratings, the Mountain Protocol’s USDM stablecoin has been granted an “adequate” rating regarding its stability and ability to maintain its peg to the U.S. dollar. This assessment is part of the firm’s ninth Stablecoin Stability Assessment, aimed at providing tolerance and dependability for different stablecoins within the market. Read the full article here

With the SEC moving to classify Ethereum as a security, the big question is whether XRP would be able to overtake ETH’s market cap. The crypto community has been engulfed in a series of debates following reports that the United States Securities and Exchange Commission is considering classifying Ethereum (ETH), the second-largest cryptocurrency by market cap, as a security. SEC Moves to Classify ETH as a Security Popular media outlet Fortune reported yesterday that the SEC is pursuing a legal campaign that could help classify ETH as a security. Citing sources familiar with the matter, Fortune disclosed that the securities…

KuCoin, a top centralized cryptocurrency exchange, has announced listing Polyhedra (ZK) on its trading platform. The crypto exchange declared its support for the Ethereum-based blockchain product in a blog post, accompanied by another post via its X handle. According to KuCoin’s announcement, ZK will be available on its spot trading platform with deposits effective immediately. KuCoin users can trade the ZK/USDT pair from 10:00 am (UTC) on March 19, while withdrawals will be open 24 hours later, by 10:00 am (UTC) on March 20, 2024. 💥World Premiere💥📢 New Listing@PolyhedraZK $ZK Gets Listed on #KuCoin! 💎Pair: ZK/USDT💎Deposit: now open (network: ERC20)💎Trading:…

Bitcoin’s price recently hit a new all-time high of $73,737. However, it dropped and is now selling for around $62-63K. Altcoin prices have also moved mostly in sync with Bitcoin, so the market for those coins has also slowed down. Even though the market is nervous, big buyers still invest much money into crypto funds. CoinShares, a European fund manager, says that $2.9 billion came into crypto funds last week, which is a new high. Most of this money goes into Bitcoin ETFs, especially BlackRock’s iShares Bitcoin Trust, which got $2.4 billion in new money. 📈 Crypto investment products maintained…

EU lawmakers have adopted three key texts in a broad anti-money laundering legislative package that will also apply to crypto. In a joint meeting, the Committee on Civil Liberties, Justice and Home Affairs and the Committee on Economic and Monetary Affairs voted for the texts after a political agreement on the package was reached in January. Two lawmaker committees in the European Parliament on Tuesday adopted three major texts in a broad anti-money laundering legislative package that also applies to crypto. The vote follows a political agreement on the Anti-Money Laundering Regulation (AMLR) in January, which will require crypto service…