Amidst a series of rapid developments, the XRP cryptocurrency market has experienced heightened activity. Whale Alert reported a significant transfer of 66,666,659 XRP (approximately $33,065,809) from Binance to an undisclosed wallet, sparking speculation about its potential impact and its proximity to the $1 price point. Ripple has also placed substantial XRP amounts into secure escrow […]
The U.S. Securities and Exchange Commission (SEC) has filed a confidential, sealed motion in its ongoing case against Binance, causing a stir in the cryptocurrency world. This rare move by the SEC has triggered substantial market turmoil, with prices of Bitcoin, Ethereum, BNB, XRP, Cardano, and more fluctuating. Industry insiders are predicting a rollercoaster ride […]
Tether (USDT) is the leading stablecoin by market cap, but it has been deviating from its peg in times of heightened volatility. Kaiko Data recently proposed a new measure termed “depeg severity” which correlates to the total trade volume of a stablecoin. As the trading volume escalates, the threshold for a depeg event decreases. USDT […]
Kava Chain, a decentralized Cosmos-Ethereum interoperable Layer 1 blockchain, is now available on Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain. This integration will enable safe and secure access for Fireblocks customers to the expanding Cosmos DeFi ecosystem via the Kava Chain. Fireblocks customers will be able […]
Chainlink, a Web3 services provider, has partnered with SWIFT, the global interbank messaging giant, to successfully facilitate tokenized asset transfers across multiple blockchain platforms. This breakthrough has the potential to remove obstacles slowing down the growth of the global tokenized asset market. The collaboration was announced last June, involving firms like BNP Paribas, BNY Mellon, […]
Ripple executives have recently applauded the US court for proving that the SEC is out of control and consistently wrong on the facts and the law regarding the cryptocurrency market. The SEC has lost three crypto-related battles in two consecutive months; against Grayscale, Uniswap, and Ripple. Ripple’s Chief Legal Officer, Stuart Alderoty, highlighted that the […]
Institutional investors have long sought access to assets in a familiar environment, and exchange-traded funds (ETFs) provide just that. For years, various product providers have been attempting to launch the first spot-based US Bitcoin ETF, but the Securities and Exchange Commission (SEC) has been steadfast in its refusal to approve such a product, despite approving […]
Rune Christensen, co-founder of MakerDAO, has proposed to build the project’s upcoming native chain off of a fork of Solana’s codebase, rather than the Ethereum Virtual Machine (EVM). This is part of the fifth and final phase of the MakerDAO “Endgame” upgrade, which is expected to take around three years to complete. In a post […]
Jay Clayton, the former US Securities and Exchange Commission (SEC) Chair, has expressed his confidence that the approval of a Bitcoin (BTC) spot Exchange-Traded Fund (ETF) is inevitable. In a recent interview with CNBC, Clayton highlighted the demand from retail investors and the willingness of trusted providers to offer this investment product to the public. […]
Coinbase customers can now buy and sell PayPal’s new US dollar-pegged stablecoin, PayPal USD (PYUSD), on the exchange’s website and mobile apps. The top US crypto exchange officially rolled out trading support for the asset, which aims to maintain a 1:1 peg with the US dollar, last week. PayPal unveiled PYUSD earlier this month and […]
