Crypto news

XRP price started a downside correction below the $0.532 zone against the US dollar. The price is now trading below $0.525 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.5150 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase above the $0.535 resistance. XRP price is consolidating near $0.520 against the US Dollar, like Bitcoin. It must stay above the...

Elliptic analysts had predicted that the amount laundered through DEXs, bridges, and coin swaps would rise to $6.5 billion by the end of 2023 and $10.5 billion by 2025. Blockchain analytics platform Elliptic has found through recent on-chain analysis that criminals, including the notorious North Korean hacking group Lazarus, have laundered approximately $7 billion of illicit cryptocurrencies through decentralized exchanges (DEXs), cross-chain bridges, and coin swap services....

Friend.tech’s Total Value Locked (TVL) has undergone a substantial decline recently, registering its most significant single-day drop of 7.8% in early October, indicating a noteworthy downturn in performance. Additionally, there has been a significant redemption of keys on Friend.tech, with reports of ongoing sim swap attacks casting a shadow over the network. Massive Drop in Friend.tech TVL A data and research analyst, Tom Wan, recently released an X thread exposing the...

Cryptocurrency exchange-traded funds (ETFs) have recently been trending as many companies seek approval to trade, stirring up a wave of enthusiasm and anticipation throughout the crypto community. As financial vehicles that track the price of cryptocurrencies, these ETFs offer a novel and seemingly more accessible way for investors to enter the crypto market. However, amidst the euphoria and bullish outlooks, it is crucial to cast a discerning eye on the potential dark side...

TL;DR Ripple (XRP) outperforms Shiba Inu (SHIB) in Google search interest. Shiba Inu gets more social mentions than XRP but receives similar engagement, raising questions about social dynamics around these cryptocurrencies. Ripple v. Shiba Inu: The Search Volume Battle It goes without saying that Ripple (XRP) and Shiba Inu (SHIB) are two of the most electrifying communities in the cryptocurrency field. They are undoubtedly among the most popular altcoins, but it turns out...

A Nansen analyst recently published a report diving deep into the Solana ecosystem, exploring the on-chain data, network developments, and other findings. As per the findings, amidst challenges like network halts and the FTX/Alameda saga, the Solana blockchain shows significant resilience and continuous improvements, achieving a 100% uptime year-to-date. Solana’s Performance Till Date The report shared via an X thread by Nansen on Oct. 5 began by highlighting the current TVL...

In a recent post on the social platform X, Ross Ulbricht, the founder of the infamous darknet marketplace Silk Road, revealed that he has now spent an entire decade in prison. Ulbricht, currently serving a double life sentence, has been controversial since his arrest in 2013. Debate Erupts Over Ulbricht’s Punishment On Oct. 2, Ulbricht took to social platform X to share that he has now endured ten years of imprisonment, expressing his fear that he would spend his remaining...

Bitcoin’s price movements have calmed quite a bit following the enhanced volatility experienced on Friday. Most altcoins are in a similar state, with minor moves south. Avalanche has declined most today but still stands above $10. BTC Calms at $28K It was just about a week ago, on Sunday evening/Monday morning, when the primary cryptocurrency started a massive leg up that resulted in surging by over $1,500. This culminated in a 6-week peak at $28,600 (on Bitstamp) on Monday...

In a heartwarming tribute to one of the internet’s most iconic dogs, the Dogecoin community fundraised for a bronze statue of Kabosu, the Japanese Shiba Inu that inspired the beloved Doge meme and the Dogecoin cryptocurrency. The crowdfunding campaign, launched on Kabosu’s 17th birthday on Nov. 2, 2022, will end with the unveiling of the dog statue in Sakura Furusato Square at the beginning of November this year. Dogecoin Community’s Dream of Kabosu Statue Comes True...

TL;DR Ripple’s trial against the SEC in April 2024 is pivotal for XRP’s price. Partnerships with banks like HSBC and macroeconomic factors will impact its valuation. XRP is currently more trending than Bitcoin due to recent legal victories. Could XRP Thrive Next Year? The popular AI-powered language model ChatGPT could not directly answer the question of whether the Ripple community will witness a price surge of XRP in 2024. However, it pinpointed several factors that could...