XRP holders face mixed signals. The digital asset has far outperformed traditional savings accounts, boasting returns of around 20% over the past year, but its recent performance pales in comparison to other cryptocurrencies. After a significant decline, the price of the altcoin has now entered a sideways consolidation phase, leaving market participants unsure of its future path. Either way, it seems likely that the cryptocurrency will remain in a narrow range until a breakthrough occurs. XRP: Beating Savings Accounts Despite the seemingly negative sentiment, recent reports have highlighted the coin’s resilience. In particular, its advantages over stagnant savings accounts were…
Author: Crypto Flexs
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According to a recent report from Bitget Research, Western Europe is witnessing a significant increase in daily active cryptocurrency traders, with Germany and France leading the way. The study also highlights the region’s strong participation in decentralized finance (DeFi) and its preference for centralized exchanges. Bitget Research, a prominent cryptocurrency exchange and research arm of Web3 company, has published a comprehensive report examining the structure and current environment of the Western European cryptocurrency market. The report highlights the growing adoption of cryptocurrency in the region, with a significant number of daily active traders estimated at between 1.2 and 1.5 million.…
The Go Ethereum team is very proud to finally release Geth 1.5, which can almost be called a complete internal rewrite of the Go Ethereum (go-ethereum) codebase. We’ve packed a huge number of changes into this release, and simply listing them wouldn’t do them justice. Instead, we’ve decided to write them up in a more informal way, explaining not only what’s new, but also why it’s needed, and why it’s awesome! Go Ethereum website The go-ethereum project never really had a website. There was something auto-generated a long time ago by GitHub, but it couldn’t really be called a decent website as it…
Litecoin price is up more than 10% and is trading above $105 against the US dollar. LTC may continue to rise towards the $120 resistance zone in the near term. Litecoin is showing positive signs at the $95 support zone against the US dollar. The price is currently trading above $105 and the 100 simple moving average (4-hours). On the 4-hours chart of the LTC/USD pair (data feed from Kraken), there is a major bullish trendline forming around support at $101.50. Unless it breaks the $100 support, the price may continue to rise towards the $120 level. Litecoin Price Rising…
The total value locked in liquid re-staking tokens reached nearly $8 billion.Protocols such as Etherfi, Renzo, Kelp, Puffer, etc. have seen a rapid increase in deposits over the past few months. This increase occurs because users can leverage EigenLayer through these platforms to maintain access to their funds.Etherfi has the highest TVL among these light rails, exceeding $3.2 billion, followed by Renzo with $2 billion and Puffer with $1.3 billion. Kelp has over $740 million in user deposits, EigenPie has $328 million in TVL, and Swell has $265 million.Other smaller LRT protocols include Bedrock with a TVL of $145 million,…
Consensys has submitted a memorandum to the U.S. Securities and Exchange Commission (SEC) advocating for approval of an Ethereum-based exchange-traded fund (ETF). me In a recent request for public comment on Nasdaq’s application for a rule change to allow trading in the iShares Ethereum Trust, the SEC specifically inquired about Ether’s proof-of-stake consensus mechanism and unique concerns related to concentration of control or influence. Consensys responded to these concerns by explaining that Ethereum’s PoS model incorporates robust anti-fraud and anti-tampering mechanisms. One of the key advantages that Consensys highlights is faster block finality. As Ethereum transitions to PoS, transaction finality…
There is one unavoidable fact about self-storing Bitcoin: The responsibility lies with you. You are responsible for your funds, you are responsible for keeping them safe, you are responsible for everything. This may be a difficult prospect, but there are simple ways to approach self-custody.Securing Bitcoin can be thought of as similar to building a house. First you lay the foundation, then build a frame on top of it, and from there you fill in the walls, insulation, utilities, etc. You’ll need to complete the following tasks for each part of your home you want to add: Otherwise, your entire…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Lutra, which aims to replicate Shiba’s success with Dogecoin, is the latest competitor to target Pepe’s turf in the meme token space. Based on a systematic growth plan, we aim to conquer the meme world step by step. Meme tokens are gaining traction by carving out a unique niche behind popular internet memes. Following in the footsteps of the same success as Shiba Inu with Dogecoin, a new competitor has emerged: Lutra. Just as the Shiba Inu captured the…
Illustration by Mitchell Preffer for DecryptLegal intrigue was the topic of the week, keeping Crypto Twitter on the edge of its seats and booing and cheering in equal measure. A federal judge on Monday refused to be fired The U.S. Securities and Exchange Commission (SEC) has found most of the regulator’s key claims in its ongoing lawsuit against Coinbase to be “valid,” and there is general agreement that the SEC has jurisdiction over much of the cryptocurrency industry.Coinbase executives, as expected, were quick to dismiss the ruling and made it clear that this does not mean a loss for the…
Ethereum price is showing positive movement above the $3,550 area. ETH could gain bullish momentum if it breaks out of the $3,650 resistance area in the near term. Ethereum started another increase near the $3,500 support area. The price is trading above $3,550 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bullish trendline with support at $3,550. If it settles above the $3,650 resistance zone, it could gain bullish momentum. Ethereum price could rise higher Ethereum price remained strong above $3,500. ETH has formed a base and, like Bitcoin, recently…