Crypto news

TL;DR Ripple’s CTO posts a frog image on Twitter, sparking interest among Pepe Coin enthusiasts. PEPE sees a significant surge, likely influenced by a recent token burn of $6 million worth of assets. Broader bullish crypto trends, highlighted by Bitcoin’s rise, might also contribute to PEPE’s growth. Ripple’s Chief Technology Officer – David Schwartz – posted a somewhat mysterious picture on X (Twitter) that caused PEPE bulls to chip in. The reason behind their activity is...

Prices for FTX Group claims have seen a notable uptick following revelations that the bankrupt crypto exchange is considering proposals from three potential buyers for its inactive exchange. FTX claims’ valuations now range between 50 and 53 cents on the dollar, an increase from last week’s low-to-mid 40 cents range. Cherokee Acquisition Reports Rise in FTX Claim Values Cherokee Acquisition, a firm specializing in brokering bankruptcy claims, has recently reported a surge in...

Sygnum, the world’s first digital asset bank, today announces an innovative new private debt asset token with Float, a Stockholm-based Capital-as-a-Service company. Fasanara Capital, one of Europe’s largest credit funds in fintech, is acting as senior lender. The Float Token is a private debt asset token launched by Float in partnership with Sygnum Bank on the Polygon blockchain. Exclusively available to Sygnum clients, it provides a unique opportunity to invest into a private debt portfolio...

Meta Platforms Inc.’s ambitious pursuit of the metaverse concept, championed by CEO Mark Zuckerberg, continues to come at a staggering financial cost. In its recently released third-quarter earnings report, Meta disclosed that its Reality Labs division, responsible for developing metaverse-related technologies, recorded an operating loss of a colossal $3.7 billion. The revelation underscores the steep financial toll of Meta’s foray into virtual reality (VR) and augmented...

TL;DR Uphold offers 20,000 XRP giveaway for eligible US trades of at least $20; initial reward was 10,000 XRP. The incentive follows Uphold’s partnership with Ripple to improve cross-border payments. XRP trades at around $0.56, close to its recent peak of $0.58. Doubling the Reward The US-based cryptocurrency exchange – Uphold – disclosed on X (Twitter) that one of its users will get the unique chance to win 20,000 XRP tokens (equaling over $11,000 at current rates). Those...

JPMorgan has processed more than $1 billion in daily transactions via its digital asset, JPM Coin, solidifying its position as one of the most extensive uses of blockchain technology by a traditional financial institution. The bank has ambitious plans to expand its utilization further, according to Takis Georgakopoulos, the Global Head of Payments, who also said that a similar asset designed for retail investors will be the next stop. “JPM Coin gets transacted on a daily...

As an emerging solution, Horizen has highlighted that EON is open to partnerships and integration but only with firms and protocols that resonate with its core values. Fast-growing Layer-0 public blockchain Horizen has hit a major milestone with the mainnet launch of Horizen Ethereum Open Network (EON). Notably, Horizen EON is a smart contracting sidechain platform fully compatible with Ethereum Virtual Machine (EVM). It is designed to play a crucial role in the revolution of We b3.0 and...

UNI’s price has seen a substantial upswing in recent days. Alongside this upward momentum, a massive sale of the tokens from an address has sparked fears of yet another potential downturn. The move was unexpected, but UNI’s price has remained largely unfazed by the massive token movement, at least for now. According to on-chain expert Lookonchain’s tweet, the Uniswap Foundation – which is the team behind the development and expansion of the Uniswap protocol – transferred 6.8M...

TL;DR Shiba Inu’s layer-2 solution, Shibarium, witnessed a 400% increase in daily transactions, reaching over 62,000 on October 25. Since its launch in August, Shibarium has seen over 1.3 million blocks and is nearing 4 million overall transactions. This growth in Shibarium is seen as a potential driver for SHIB’s price, which has recently risen by about 10% daily and 20% weekly, possibly also influenced by the broader bullish cryptocurrency market trends. What’s New With...

The price of HayCoin (HAY), the first-ever token floated on the decentralized exchange Uniswap, witnessed a remarkable surge, reaching a peak of $5.5 million per token on Thursday. This massive price increase followed token burning by long-term holders, indicating a notable development in the market. HAY Token Surges to $5.5 Million On Oct. 26, HAY witnessed a surge in its token price, reaching $5.5 million. This notable increase occurred shortly after a long-term holder,...