Recently, Ripple made headlines by announcing its plans to launch a stablecoin named Ripple USD (RLUSD) on both the XRP Ledger and Ethereum platforms. This move is intended to bridge the gap between the cryptocurrency industry and traditional finance, according to Ripple’s CEO Brad Garlinghouse. In a recent development, Ripple minted the first batch of
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Cryptocurrency exchange Binance has announced that it will be performing wallet maintenance for The Open Network (TON) on August 26. During this maintenance period, TON deposits and withdrawals will be temporarily suspended. However, trading will not be affected by this maintenance. The maintenance is expected to last for approximately two hours, after which all services
Bitcoin’s price has been experiencing significant fluctuations in recent days, with the bulls currently in control as they push the price above $61,000. However, weekends often bring different price action due to lower trading volume. Trading volume is a crucial metric that impacts market depth – the lower the volume, the easier it is to
A US federal judge has denied crypto exchange Kraken’s request to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC) over allegations of operating an unregistered securities exchange, despite Kraken’s argument that the SEC’s allegations are unfounded. The decision comes after Kraken requested a dismissal of the case filed by the SEC in
Bitcoin experienced a significant drop recently but has since made an impressive recovery. After falling from $59,600 to $56,300, the cryptocurrency managed to rally and reach a weekly high of just under $62,000. This surge in price was accompanied by notable gains in other major altcoins such as TRX and TON, as well as LINK,
Coinbase has made an announcement regarding its support for the Ethereum layer-2 network, specifically for the planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). Scheduled to begin on Aug. 26, the migration from MATIC to POL aims to streamline transactions on the network and enhance user experience. During the migration
In the volatile world of cryptocurrencies, Bitcoin has been subject to numerous bull and bear cycles over the years. These cycles often follow a particular pattern, and crypto analysts like PlanB use historical data to predict the next moves in the market. PlanB recently shared his insights on the current Bitcoin bull run, pointing to
The recent analysis provided by technical analyst Willy Woo sheds light on the dynamics of the Bitcoin market. According to Woo, the bearish trend in the market until early August was influenced by factors such as the sale of 100,000 BTC by the German and US governments, as well as distributions from Mt. Gox. Additionally,
Despite Cardano’s struggles to keep up with the broader cryptocurrency market, recent bullish sentiments have sparked optimism among investors. As Bitcoin surpasses the $61,000 price mark and the market shows signs of recovery, Cardano has seen a resurgence in positive sentiment. This is evident in Cardano’s impressive weighted sentiment score of 1.69, outperforming major assets
The United States spot Bitcoin exchange-traded fund (ETF) market recorded a daily trading volume of $779.87 million on Monday. This marked a decrease in trading volume compared to previous records, with the lowest being $649.17 million and $692.11 million on February 5th and 6th, respectively. The recent data from SoSoValue revealed that there was an