Ripple, a prominent player in the cryptocurrency industry, has recently announced its plans to launch a stablecoin called Ripple USD (RLUSD). The stablecoin is set to be available on both the XRP Ledger and Ethereum, with the aim of creating a bridge between the world of cryptocurrencies and traditional finance. In a recent development, Ripple
Crypto
The price of Bitcoin has been experiencing a lot of fluctuations recently, with the bulls currently in control, pushing the price above $61,000 after reclaiming the $60K level. However, weekends tend to have lower trading volume, which can lead to increased volatility in the market. When trading volume is low, it becomes easier to manipulate
Binance, the world’s leading cryptocurrency exchange, recently announced that it would be temporarily suspending deposits and withdrawals for The Open Network (TON) on August 26. This maintenance is scheduled to last for approximately two hours, after which all services will resume. However, the exchange reassured users that this wallet maintenance would not affect token trading
Former Binance CEO Changpeng ‘CZ’ Zhao has been moved from FCI Lompoc II to the RRM Long Beach halfway house in California. This transfer has caused confusion among X users who mistakenly believed that he had been released from incarceration. However, CZ remains in custody as the RRM Long Beach facility is a residential reentry
Pi Network is a cryptocurrency project that was introduced in 2019 with the goal of allowing users to mine and earn digital assets on their mobile devices. Unlike traditional mining methods that consume a large amount of electricity, Pi Network aims to be energy-efficient by utilizing the Stellar Consensus Protocol (SCP) as its consensus algorithm,
Bitcoin, the leading cryptocurrency, has had quite the rollercoaster ride over the past week. After a significant drop in price, bitcoin rebounded and surged to a weekly high of nearly $62,000. This sudden increase was accompanied by gains in other major altcoins such as TRX, TON, LINK, UNI, and MATIC. The volatility of bitcoin is
Base, the Ethereum Layer 2 network incubated by Coinbase, has been making significant strides in the Layer 2 network landscape. Recent data from IntoTheBlock has revealed that Base now has nearly 40% more daily active addresses compared to its competitors Arbitrum and Optimism. This growth signifies Base’s increasing dominance in the Layer 2 space and
Recent analysis by Willy Woo has highlighted the bearish trend in Bitcoin inventory on exchanges, attributing it to an influx of around 100,000 BTC from government sales and Mt. Gox distributions. Speculation in the market has led to the creation of paper Bitcoin, referring to derivatives that do not involve direct ownership of the asset.
A new malicious browser extension known as the “Bull Checker” has recently emerged, targeting Solana users on Reddit under the guise of a meme coin tracker. This insidious extension has managed to elude detection systems and has already caused significant financial losses for Solana users by draining their wallets. Reports from Jupiter’s founder, Meow, indicate
In a bold move to set the stage for long-term growth, Tokyo’s Metaplanet investment firm recently announced the acquisition of an additional 57.273 BTC. This significant purchase, valued at approximately 500 million yen or $3.4 million, comes amidst a current market lull. The firm’s strategy, unveiled on August 8, included the acquisition of a 1
