The surge in XRP price could be attributed to increased accumulation by whales, who currently hold 85% of the total supply. Outstanding contracts hit a three-month high, suggesting speculative activity is picking up. Ripple (XRP) has been one of the biggest gainers in the past few days after its price hit $0.60. This price increase represents a 36.45% increase over the past seven days. While this was surprising, AMBCrypto was able to find out why. According to on-chain data provider Santiment, addresses holding more than 100,000 XRP have increased their holdings significantly. Go big or go home This group of…
Author: Crypto Flexs
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Terryl Dickey July 17, 2024 12:22 Binance introduces new limited-time benefits for Earn Wednesday, including Simple Earn, ETH Staking, and Dual Investment products. Binance has announced the launch of a new limited-time offer for its Earn Wednesday program, which gives users the opportunity to earn rewards across a variety of financial products. According to Binance, these offers are available every Wednesday and include options such as Simple Earn, ETH Staking, and Dual Investment. Popular limited time specials The Earn Wednesday initiative includes a variety of flexible and locked products. Binance reserves the right to…
Matt Hougan, chief investment officer at cryptocurrency asset manager Bitwise, said: Ethereum Ethereum +1.02% Exchange-traded fund (ETF) inflows could have a greater impact on the launch of Ether than the equivalent product for Bitcoin.In a note to clients on Tuesday, Hougan predicted that spot Ethereum ETF inflows would push ether prices to all-time highs above $5,000, but not immediately. He said he expected the first few weeks after the Ethereum ETF launch would be “volatile” for the second-largest cryptocurrency by market cap, as funds could potentially flow out of the $11 billion Grayscale Ethereum Trust (ETHE) after it is converted…
Flowdesk CEO Bet Against the US While the SEC Waged War on Cryptocurrencies A year later, the US has a Bitcoin ETF, an Ether ETF is imminent, and a pro-crypto bill is in the Senate.
Cryptocurrency traders are feeling the excitement surrounding XRP, which has surged 35% in price over the past week. Many are speculating whether the cryptocurrency could surge further.According to CoinMarketCap data, XRP (XRP) is currently trading at $0.60, up from $0.43 on July 10, amid a broader cryptocurrency market rally. “XRP has exploded with bullish talk this week,” cryptocurrency analytics firm Santiment wrote in a July 16 post to XRP, following several cryptocurrency commentators sharing bullish predictions for XRP on social media platforms.“We may be witnessing one of the most significant breakouts in crypto history,” anonymous cryptocurrency trader Crypto Michael wrote…
Lawrence Jengar July 17, 2024 10:36 The Hong Kong Monetary Authority and the FSTB have announced the conclusion of their consultation on legislative proposals on stablecoin regulation. According to the Hong Kong Monetary Authority, the Financial Services and Financial Services Board (FSTB) and the Hong Kong Monetary Authority (HKMA) have jointly announced the conclusion of a consultation on a legislative proposal to implement a regulatory regime for issuers of fiat-backed stablecoins (FRS) in Hong Kong. Public consultation and feedback During a two-month public consultation period that concluded in February 2024, the Authority received 108…
Bitcoin hit $66,000 on July 17, as sustained bids pushed the bull market to a new four-week high.BTC/USD 1-day chart. Source: TradingViewBTC price rises 15% in a weekAccording to data from Cointelegraph Markets Pro and TradingView, the Bitcoin (BTC) price has reached $66,129 since Bitstamp’s latest daily close.Shaking off selling pressure caused by the movement of coins linked to the closed exchange Mt. Gox, BTC/USD bounced back, posting gains of up to 15% when measured from the start of the uptrend on July 12.Popular trader Daan Crypto Trades summed it up in his latest post on X (formerly Twitter) with…
Ethereum price remains stable above the $3,400 resistance level. ETH has tested $3,500 again and appears to be struggling to move higher. Ethereum is trending upwards and struggling near the $3,500 level. The price is trading above $3,400 and the 100 hourly simple moving average. On the ETH/USD hourly chart based on data provided by Kraken, there is a support line forming at $3,350, with a major bullish trend line forming. The pair could continue its uptrend if it breaks the resistance levels of $3,500 and $3,550. Ethereum Price Faces Major Challenges, Can It Continue to Rise? Ethereum price remained…
ChainGPT has been integrated with Coinbase’s Base blockchain. We hope to increase transaction speed and reduce user costs. Follows previous integration with Solana. Blockchain interoperability is becoming one of the main focuses of how the technology can advance. Protocols that can span multiple chains can reach more users and provide a better experience to their user base. Most recently, ChainGPT, an AI-focused Web3 protocol, announced its latest integration, Ethereum Layer 2 Base. ChainGPT will leverage Base’s high-speed, low-cost transactions for decentralized applications (dApps). This integration is the latest example of efforts to support popular chains, including Solana.ChainGPT integrates with Base…
Chinese exiled billionaire Guo Wengui, also known as Miles Guo, was convicted by a U.S. jury on Tuesday of multiple charges, including racketeering conspiracy and wire fraud.“A unanimous jury just found Miles Guo guilty of racketeering conspiracy and multiple counts of securities fraud, wire fraud, and money laundering. He could face decades in prison,” said U.S. Attorney Damian Williams. name.Guo was arrested in March 2023 on charges of orchestrating a fraud scheme involving more than $1 billion in cryptocurrencies. On Tuesday, he was found guilty on nine of 12 counts, primarily for soliciting investments from various entities through false statements…