Ripple, a prominent player in the cryptocurrency industry, recently announced its intention to launch a stablecoin known as Ripple USD (RLUSD) in 2024. This new stablecoin is set to operate on both the XRP Ledger and Ethereum platforms. The company aims for RLUSD to act as a bridge between traditional finance and the digital asset
Bitcoin (BTC) has experienced a 4.5% decrease in value over the past week, hitting a monthly low of $65,000. This decline has been attributed to a surge in selling activity from Bitcoin mining entities. According to analysts from the latest CryptoQuant weekly report, the number of BTC sent from mining pools to exchanges has spiked
In May 2024, KuCoin exchange’s research arm released a comprehensive report on the performance of various cryptocurrencies. The report highlighted the trends in investments within the crypto realm, showcasing new insights into the preferences of institutional investors and the overall fundraising landscape. The report revealed that there was a total of $1.02 billion in new
Recent findings from blockchain intelligence firm TRM Labs have shed light on the growing trend of cryptocurrency payments within Chinese drug precursor networks. In the first four months of 2024, cryptocurrency deposits into crypto addresses linked to these manufacturers more than doubled compared to the same period in 2023. This highlights a significant shift towards
The latest data from CoinMarketCap reveals that Bitcoin has experienced a decrease in market price by 4.65% within the past week. This decline has left many investors concerned about the future performance of the cryptocurrency. Crypto analyst Ali Martinez has issued a price alert warning that Bitcoin could face further losses if it does not
In recent decades, the world has experienced financial chaos as governments have printed money at will, leading to inflation, economic instability, and a decline in public trust in financial systems. The transition to fiat currency post-World War II fundamentally altered the financial landscape, providing flexibility but also paving the way for these issues. The introduction
Ethereum faced a setback this week, losing its bullish momentum and closing with a 4.4% loss. The price action was dominated by sellers, pushing the cryptocurrency down to the key support level at $3,500. Despite this pullback, there is a possibility that it is just a normal retest after the massive breakout following the ETF
Recent discussions among industry experts have shed light on the anticipated timeline for the commencement of trading for Spot Ethereum ETFs. Bloomberg analysts Eric Balchunas and James Seyffart have provided updates on their expectations regarding the launch of these funds. Balchunas took to social media to communicate that they have adjusted their forecasted launch date
Despite Bitcoin’s recent struggles to stay above $73,000, brokerage firm Bernstein has maintained a positive outlook on the cryptocurrency’s future. In their latest report, analysts at Bernstein have increased their long-term price forecast for BTC to $200,000 by the end of 2025, up from their previous prediction of $150,000 for the same year. This upward
Bitcoin has faced a significant amount of selling pressure over the past week, according to the latest on-chain data. Expectedly, this bearish pressure has had a notable impact on the price of the premier cryptocurrency. According to data from CoinGecko, the value of Bitcoin has declined by nearly 5% in the past seven days. On
