Author: News Room
On Wednesday, Ripple CEO Brad Garlinghouse gave an interview to Maria Bartiromo on Fox Business to discuss the impact of the Trump administration’s pro-crypto stance on the digital asset industry, Ripple’s strategy, and regulatory clarity. Garlinghouse explained Ripple’s focus on improving cross-border payments by leveraging blockchain technology and its native digital asset, XRP. He noted that the U.S. has lagged behind other nations in embracing crypto due to what he described as a “hostile” approach by the Biden administration, which led to regulatory uncertainty and hindered innovation. This regulatory climate, he claimed, has pushed 95% of Ripple’s business outside the…
Several altcoins are trending today for various reasons. CoinGecko data shows that all these cryptocurrencies share one thing in common: their prices have risen in the last 24 hours. This notable hike could be linked to broader market recovery. That said, the top three altcoins trending today are Mythos (MYTH), MAD (MAD), and Mode (MODE). Mythos (MYTH) Mythos tops the list of trending altcoins today, specifically due to its 45% price increase in the last seven days. As a project built on the Ethereum blockchain, MYTH’s price also increased due to the rise in ETH’s value. As of this writing,…
PRESS RELEASE. As cryptocurrency adoption grows, the cypherpunk spirit appears to be fading. The crypto anarchists who started it all often find themselves outnumbered and have their voices drowned out by misguided speculators who are more than willing to surrender their privacy and sovereignty in exchange for some price pumps. However, these cypherpunk principles are […] Read the full article here
This week, we examine Ripple, Cardano, Optimism, Solana, and Dogecoin in greater detail. Ripple (XRP) XRP just had one of the best months in years, and its price increased by 74% this week alone, bringing it close to $1.5. In the last bull market, XRP reached almost $2 before sellers took over the price action. The current all-time high is $3.3, which could signal that this cryptocurrency has plenty of room to run. Buyers will have to break above $1.6 and $2 before they can hope to aim for $3 or more. Looking ahead, XRP’s rally continues to show strength,…
Bitcoin reached $99,000, nearing the $100K milestone with a 4.4% daily surge. President-elect Trump’s pro-crypto stance fuels market optimism. Bitcoin (BTC) reached a new milestone, breaking $99.3K for the first time, with a 24-hour increase of 4.4%. Its market cap climbed to $1.96 trillion, representing 59.2% of the global crypto market cap, which surged to $3.31 trillion. Trading volume also jumped by 31.25% in the past day, totaling $103 billion. The rally extends beyond Bitcoin. Ethereum (ETH) and Solana (SOL) surged by 9% and 12%, respectively, while XRP soared by 25%. Whales have been actively accumulating BTC, with one whale…
MetaMask has introduced a pivotal upgrade allowing users to conduct token swaps without ETH for gas fees, reshaping the DeFi landscape on Ethereum. This gas-included swap feature streamlines the transaction process, effectively removing barriers that have frustrated Ethereum users for years. Michael Khekoian, a Senior Business Development Manager at ConsenSys, stated, “Swaps in MetaMask no longer require ETH for gas… No more insufficient funds on swaps,” highlighting the innovation’s significance. MetaMask’s Gas Station feature simplifies token swaps on Ethereum, removing the need for ETH gas fees and revolutionizing user experience in DeFi. MetaMask’s Gas Station: A Game Changer for Users…
Cardano (ADA) price has surged 41.89% in the last seven days, signaling strong bullish momentum in the market. The uptrend remains strong, supported by key technical indicators like the ADX and Ichimoku Cloud, which point to sustained positive sentiment. However, signs of consolidation and narrowing gaps in short-term indicators suggest that the rally could face challenges if buying pressure weakens. ADA Current Uptrend Is Still Strong Cardano DMI chart shows an ADX of 42.7, indicating a strong trend. The metric has remained above 40 since November 7. This high ADX value confirms the robustness of ADA ongoing uptrend, signaling solid…
Japan’s Financial Services Agency (FSA) is proposing a new business category for enterprises dealing with stablecoins and virtual assets. Under the new system, “intermediary” or “brokerage” businesses involved with crypto and stablecoins could face less stringent legal requirements than is currently the case, where they are forced to register as crypto exchanges. According to a Nov. 21st report from Nikkei, and video footage of a meeting, Japan’s FSA could be removing restrictions for businesses that wish to deal with stablecoins and crypto. Currently, even businesses acting as intermediaries must technically adhere to strict guidelines (according to law) and register as…
Upbit, South Korea’s largest cryptocurrency exchange, disbursed approximately 8.5 billion won ($6.07 million) to 380 victims of voice phishing. Utilizing a real-time Fraud Detection System (FDS) and police collaboration, Dunamu, Upbit’s operator, blocked fraudulent transactions and recovered stolen funds. This milestone demonstrates the exchange’s commitment to protecting user assets amid rising crypto scams. Read the full article here
Ethereum (ETH) spot exchange-traded funds (ETFs) have witnessed a significant outflow of $163 million this week. This comes as the bullish sentiment trailing the leading altcoin begins to wane, making it a struggle for the coin’s price to break through the $3,400 resistance level. As ETH’s price faces bearish pressure, it may begin to shed more of its gains in the coming weeks. This analysis explains why. Ethereum Buying Pressure Faces Dip According to data from SosoValue, Ethereum ETF outflows this week have totaled $163 million. This represents the third-highest weekly net outflows since these funds became tradeable on July…