Crypto news

Ripple launches RLUSD, a stablecoin backed by U.S. dollar reserves, for global financial use and seamless crypto transactions. Ripple has announced the launch of RLUSD, its new USD-denominated stablecoin. Starting December 17, 2024, RLUSD will be available on several global exchanges. These include Uphold, Bitso, MoonPay, Archax, and CoinMENA. The company wants to list RLUSD on additional platforms such as Bullish, Bitstamp, Independent Reserve, Mercado Bitcoin, and Zero Hash in the next...

TL:DR; XRP was the top performer from the larger-cap alts until yesterday afternoon, but its price has tumbled hard by double digits since then. Could that be related only to the market-wide retracement, or is there more to the story, such as another ‘sell-the-news’ event? Recall the price developments around XRP that took place earlier this week. The asset stood at around $2.35 but exploded on Monday evening to almost $2.6 after the company behind it announced that its...

[PRESS RELEASE – SAN FRANCISCO, United States, December 18th, 2024] Pepeto: The God of Frogs with Utility and a Vision Unlike other memecoins’ trading-centric approach, Pepeto offers a comprehensive utility-driven ecosystem. Pepeto, known as the God of Frogs, aims to adopt all future memecoins and elevate the sector through its zero-fee cross-chain exchange and bridge technology. Pepeto’s Ecosystem Highlights: Zero-Fee Exchange: A listing platform for emerging and...

[PRESS RELEASE – Dubai, India, December 18th, 2024] Sophon has launched its mainnet, introducing the first-ever Validium on ZKsync powered by Avail DA. With over $500M in Total Value Locked (TVL) through the Sophon farming program, and a growing ecosystem of established partners, Sophon is paving the way for scalable, consumer-focused blockchain applications. The launch comes with significant community support: over 120,000 node licenses purchased by more than 5,800 unique...

[PRESS RELEASE – Singapore, Singapore, December 18th, 2024] dTRINITY, a next-generation stablecoin liquidity protocol, has announced its mainnet debut on the Fraxtal L2 network. The platform is designed to lower interest expenses and improve yields for stablecoin users, addressing the key challenge of rising credit costs in DeFi. At the core of dTRINITY is a protocol-native stablecoin (dUSD), which serves as the unified liquidity layer between its money markets (dLEND, an...

The United States Federal Reserve announced a third consecutive rate cut, this time by 25 basis points. Unlike the previous such occasions in the past few months, bitcoin and the rest of the crypto market headed south immediately and violently. Perhaps the reason for this lies in Fed Chair Jerome Powell’s words as he hinted that the central bank might halt its current policy of reducing the key interest rates due to the alarming CPI data that came out for November and...

Trump states the creation of a Bitcoin reserve in the US  in order to increase crypto supremacy. Bitcoin has reached $100K, with expectations of reaching $800K by next year. The price of Bitcoin has surged past $100,000 after former President Donald Trump declared the creation of a U.S. Bitcoin strategic reserve. The news comes as Trump intensified his efforts to make the United States a world leader in cryptocurrencies. This follows his decisive November elections. According to the plan,...

Bitcoin’s (BTC) climb to record levels has lifted the crypto market, and as the year wraps up, it’s sparking strong bullish sentiment for the future. In the backdrop, there has been a significant surge in Tether (USDT) inflows to exchanges. This stablecoin movement aligns with the ongoing crypto bull rally, which has been underway for more than two months now. USDT’s Daily Inflows to Exchanges According to the latest data compiled by Santiment, there has been an average net...

Bitpanda receives VARA approval to expand into the UAE, setting the stage for full operations with local partnerships and compliance. Bitpanda, Europe’s leading regulated cryptocurrency platform, is taking a significant step toward expanding globally. The company has received in-principle approval from the Virtual Assets Regulatory Authority (VARA) in Dubai. This approval takes Bitpanda closer to commencing its operations in the UAE under the entity, Bitpanda Broker MENA DMCC. However,...

The suspect took $300K in cryptocurrency by accessing passenger phones. Hussein is facing theft, fraud, and money laundering accusations. A Scottsdale man accused of impersonating an Uber driver was arrested for allegedly ripping off $300,000 in cryptocurrency from two different passengers. Scottsdale detectives and U.S. authorities booked Nuruhussein Hussein on December 11. Secret Service agents. He now faces charges of theft, fraud, and money laundering. Incidents took place outside the W...