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
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
Recently, Cardano has been the subject of numerous bullish predictions, particularly in light of the highly anticipated Chang upgrade. This upgrade is considered to be a crucial development for the network, leading to a surge of optimism among its supporters. However, amidst this positive outlook, another crypto analyst, Alan Santana, has come forward with an
A US federal judge has recently denied the 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. This decision comes after Kraken had requested a dismissal of the case filed by the SEC in November. The regulator’s complaint accused the
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
The DeFi Education Fund and the Blockchain Association have taken a stand against the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT) by submitting an amicus brief. This brief raised alarm bells about the significant privacy and security concerns posed by the CAT, particularly for participants in the digital asset market. The CAT, which
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,
Cardano (ADA) investors have been closely watching the recent price surge of the crypto token, which has seen a gain of over 14% in the last seven days. However, on-chain data indicates that this price surge could lead to significant selling pressure from investors who recently entered the market. Data from the on-chain analytics platform
The Federal Bureau of Investigation (FBI) has recently made headlines by leveraging Non-Fungible Tokens (NFTs) as a means to return $1.14 million to victims of the CluCoin fraud. This groundbreaking approach marks the first time that law enforcement agencies have utilized NFTs in reaching out to victims of financial crimes. Through the use of NFTs,
