Markets

XRP price started a fresh decline from the $0.644 resistance against the US dollar. The price is now trading below $0.620 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.6125 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it breaks the $0.584 support zone. XRP price is struggling below $0.620 against the US Dollar, unlike Bitcoin. The price could...

Taboo, the trailblazer in the crypto adult entertainment industry, is set to launch its ground-breaking new marketplace, welcoming users to explore a future filled with unprecedented opportunities. Recent updates to the project’s plans — Whitepaper and Roadmap — reveal strategic insights. Taboo’s vision centers on a gated content distribution platform,  featuring a marketplace that incorporates live-streaming events, virtual reality (VR), NFTs (non-fungible...

In a mid-December analysis, Fortune Business Insights forecasted that the global blockchain gaming market is poised for explosive growth, potentially reaching an estimated $614 billion within the next seven years. This projection represents a growth rate of nearly 300% from the current market value of $154 billion. North America Leads, with RPGs Dominating The report, which scrutinizes global sales data for blockchain game products from 2017 to 2021, reveals a compound annual...

The recent surge in cryptocurrency markets over the last month seems to have spilled over into the realm of decentralized finance (DeFi). The trading volume on decentralized exchanges (DEX) has traditionally been considerably lower than that of centralized exchanges (CEX). However, the recent market rally has led to increased activity, albeit at a somewhat slower pace. DEX Trading Volume Picks Up Pace According to research from Kaiko, major platforms such as Uniswap and Curve...

The United States Department of Justice (DOJ) has indicted two men for perpetrating a crypto Ponzi scheme that defrauded investors of approximately $25 million. According to a press release from the Justice Department, 51-year-old David Gilbert Saffron of Australia and 52-year-old Vincent Anthony Mazzotta Jr. of California operated a fraudulent crypto investment scheme that lured victims with false promises of high returns. DOJ Charges Two Men for Operating Crypto Scheme Per...

Ripple dominance, the measure of XRP’s market share by market capitalization in the competitive cryptocurrency segment, is flashing a warning signal this year. XRP Dominance Trends Lower XRP dominance is down 3.63% for the week, 18.83% over the past month, and 10.63% over the past six months. On the one-year window, Ripple’s percentage market share of all cryptocurrencies is down 11%. On the five-year window, it’s down 82%. Its peers on the market cap chart are faring...

As Bitcoin emerges as the top-performing asset in 2023, it has garnered endorsement from major Wall Street players such as BlackRock, who are actively working to integrate cryptocurrencies into the financial mainstream. This indicates that the extended Crypto Winter has indeed come to an end, but it seems that retail participants are falling behind. Retail Participation Lacking Bitcoin’s recent price action to the upside helped it cross back into the top 10 largest assets by...

Long-term XRP investors have shown remarkable patience and resilience as the SEC lawsuit winds down. After a string of victories against most of the SEC’s charges this year, Ripple Labs is still battling the regulator over how much of a financial penalty it should have to pay. Fmr. Goldman Head’s Lifetime Opportunity: XRP Real Vision CEO Raoul Pal told CryptoLaw founder and Ripple amicus brief lawyer John Deaton in a recent interview that he bought XRP after the Securities...

This season appears to be one for cryptocurrency exchange-traded funds (ETFs) as multiple traditional finance companies seek regulatory approval to introduce more to the market. First Trust is the latest asset management firm that wants to create another Bitcoin ETF. However, the company is not looking to launch a spot product like others but a buffer fund. First Trust to Launch Buffer Bitcoin ETF According to a December 14 Form N1-A filing with the United States Securities...

The price of bitcoin (BTC) has entered a correction phase following the asset’s rally to and beyond the $44,000 mark. A weekly report from the on-chain analytics platform CryptoQuant revealed that several valuation metrics show the leading digital asset is due for a correction as its price has increased too fast. BTC in the Correction Phase One of the metrics is CryptoQuant’s Bull-Bear Market Cycle Indicator, which has entered the red area for the third time this year....