Market sentiment towards XRP has turned bullish, with the price up 7% in 24 hours. If the price continues to rise, XRP could potentially reach $0.69 in the coming weeks. The entire cryptocurrency market has recently taken a downward turn. Bitcoin (BTC) The chart remains red as well. However, Ripple (XRP) Separated from the rest, it energizes the community. Let’s take a closer look at why XRP is up today. bullish takeover Bitcoin, the king of cryptocurrencies, has seen a minor correction in the past 24 hours. Meanwhile, XRP bulls have surprised investors as the alt-coin has surged by more…
Author: Crypto Flexs
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Bitcoin (BTC) is making lower highs as sellers thwart attempts to break its all-time high, and traders are now paying attention.BTC/USD 1-hour chart. Source: TradingViewBTC Price Drifting “Into Nowhere”According to data from Cointelegraph Markets Pro and TradingView, the ceiling for the July BTC price rebound will most definitely be set around $70,000.Bitcoin bulls may be hoping for nothing more than a rematch of March’s all-time high of $73,800, but sellers have held the upper hand since then.Now traders are watching BTC/USD decline as this phenomenon occurs multiple times, each time maintaining a 5-month trading range.For popular trader Daan Crypto Trades,…
Grayscale Mini Version of Grayscale Investment Bitcoin Bitcoin -0.53% Trust (GBTC) began trading on Wednesday, shortly after receiving approval from the U.S. Securities and Exchange Commission. According to a statement released by Grayscale, the spot Bitcoin exchange listing product began trading at 4 a.m. ET on Wednesday after the registration statement became effective. The SEC Approved Last week, Form 19b-4 for that product came out. “We think there’s going to be a lot of interest from investors looking for really cheap exposure to bitcoin,” Zach Pandl, Grayscale’s head of research, told The Block. “We’re a customer-centric organization and we’re trying…
Blackbird Labs, a hospitality tech startup founded by Resy and Eater co-founder Ben Leventhal, announced on July 30 that it has launched a Web3 payments platform for restaurants called Blackbird Pay. According to a statement, the platform, built on Blackbird’s new blockchain network, Blackbird Flynet, will offer restaurants “a way to address the ever-growing challenges of shrinking margins and eroding cash reserves by providing the first-ever, fully-fledged end-to-end payment and check clearing network.”Related: Futurama Can’t Stop Mocking Cryptocurrencies and BlockchainBlackbird Pay is designed to speed up checkout times and reduce transaction costs for restaurants to an average of about 2%…
In 2024, the biggest target for cryptocurrency hackers will be centralized financial institutions (CeFi).According to Dedi Ravid, co-founder and CEO of Web3 security firm Cyvers, more than 70% of funds lost in cryptocurrency hacks are stolen from CeFi institutions.The CEO told Cointelegraph that CeFi entities account for around 70% of incidents, both in terms of lost funds and number of exploits.“(CeFi) accounts for about 70% of the incident environment. However, attacks on smart contract-based projects are on the rise. The biggest security vulnerabilities today come from code and personal carelessness.”According to a statement shared with Cointelegraph, Cyvers announced that it…
Alvin Lang July 9, 2024 08:20 Binance Margin expands its services by adding new USDC trading pairs to Cross Margin and Isolated Margin, improving user experience and portfolio diversification. Leading cryptocurrency exchange Binance has announced the addition of new USDC trading pairs to its margin platform, specifically the addition of cross and isolated margin options. According to an official announcement from Binance, this move aims to diversify trading opportunities and provide users with greater flexibility in their trading strategies. Improve user experience As part of its ongoing efforts to improve user experience, Binance Margin…
Bitcoin is on the verge of losing $66,000 since Wall Street opened on July 30, and a long-term liquidation event is imminent.BTC/USD 1-hour chart. Source: TradingViewBTC price weakness stems from 5% declineBitcoin (BTC) price action was down 1.5% on the day, according to data from Cointelegraph Markets Pro and TradingView.It is the latest in a series of failed attempts in recent months to turn the area into a support zone, following a steeper rejection of the $70,000 bid.Popular trader Skew commented on recent market trends, noting that the downtrend has resulted in around 12,000 BTC ($800 million) of open interest…
Movement Labs is integrating with AggLayer. Movement Labs’ AggLayer integration promises to invest millions of dollars into the Polygon (MATIC) multi-chain ecosystem immediately upon launch. This move marks a major milestone for Polygon (MATIC) Labs’ goal of connecting the entire Web3 to Ethereum. As blockchain developers have pointed out, one of the main obstacles to cryptocurrency adoption is the lack of interoperability between solutions, which prevents users from seamlessly switching between applications on different networks as they did in Web 2.0.One company trying to solve these challenges is Polygon (MATIC) Labs, a team that developed Ethereum scaling solutions. Last year,…
that much soil Luna -3.46% Blockchain reported a security breach on its network that resulted in tokens being stolen.An unknown attacker has exploited a known vulnerability in a third-party module called IBC Hook, which facilitates cross-chain contract calls and token transfers.The attacker exploited this vulnerability to drain the value of bridge assets, including USDC stablecoins and Astroport tokens. Initial estimates suggest that around $3 million worth of tokens may have been affected.After the incident was discovered, Terra implemented emergency measures to prevent further damage and prevent additional tokens from being stolen while the breach was being resolved. Terra worked with…
One Trading, a digital asset exchange headquartered in the Netherlands, has been granted an Organized Trading Facility License by the Netherlands Financial Markets Authority (AFM) on July 29, 2024. The company can now offer a range of innovative financial products to the European market, most notably offshore cryptocurrency futures trading. Commenting on the development, Joshua Barraclough, Founder and CEO of One Trading, said: “This license positions us well to introduce new regulated products and provide institutional-grade solutions to all client types, starting with BTC and ETH products, which currently do not have an EU regulated venue.” One Trading Secures Groundbreaking…