XRP price is eyeing a significant upside reversal above the $0.650 resistance. A break above the $0.650 resistance could lead to a rebound towards $0.70. XRP is slowly rising above the $0.612 level. The price is currently trading above $0.615 and the 100 simple moving average (4-hours). On the 4-hours chart of the XRP/USD pair (data source from Kraken), there was a breakout above the main descending channel with resistance near $0.618. A break above the $0.645 and $0.650 resistance levels will initiate a new rally for the pair. XRP Price Aims Higher Over the past few days, XRP has…
Author: Crypto Flexs
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Posted 1 minute ago In ~ Crypto.com, a global cryptocurrency platform, has received certification as an electronic money institution from the Financial Conduct Authority, a British financial regulator. The EMI license follows Crypto.com’s registration as a cryptocurrency asset business with the Financial Conduct Authority in August 2022. The Cryptoasset Register targets businesses engaging in cryptocurrency asset activities in the UK, with a focus on anti-money laundering and terrorist financing compliance. EMI licenses are broader, allowing companies to issue and manage electronic money and offer a wider range of financial services.According to a statement, the registration will enable Crypto.com to offer…
A widely respected cryptocurrency strategist believes a major rally is imminent for three altcoins, including Cosmos (ATOM) and Gala (GALA). Household analyst Kaleo tells his 608,200 followers on social media platform X that he believes a strong breakout rally for the underlying asset of interoperable blockchain Cosmos is just around the corner. According to Kaleo, ATOM is preparing to clear the diagonal resistance around $9.50. “This time atom “It goes back to its peak and you finally send more than $10.” source: Kaleo/X Looking at the trader’s chart, he seems to be predicting that ATOM could surge to $11.50. At…
Financial giant ING predicted that the Federal Reserve will begin lowering interest rates in the second quarter of next year. “We currently expect a rate cut of 150 basis points in 2024 and a further 100 basis points in early 2025,” said ING’s chief international economist, adding that US economic data showed “further tightening by the Federal Reserve.” “There is no need for a policy,” he confirmed. ING’s outlook for a Fed interest rate cut James Knightley, chief international economist at global financial services company ING, published an article last week explaining why he expects the Federal Reserve to begin…
Well, let’s just say the launch of Ocean from the social perspective was anything but smooth. The decision to filter out transactions conducting inscriptions should have been communicated clearly on launch day, instead speculation lead to a chaotic shitshow on Twitter. People were screaming about inscription censorship, while at the same time inscription transactions were present in the public block templates Ocean publishes. Then to top it all off, the first block they found was actually a template created by a test server that was connected to the production system when it shouldn’t have been, meaning the coinbase transaction didn’t…
Stargate, the leading omnichain liquidity layer and native asset bridge with over $18 billion in lifetime trading volume, has now been deployed on Kava Chain, the Cosmos-Ethereum interoperable layer 1. This integration expands the scope of Tether’s Cosmos native USDt, which is issued exclusively. Kava Chain, Ethereum Ecosystem and Beyond. Stargate’s success in connecting the Ethereum network is unrivaled, with 300x more TVL than the next most popular bridge. Deploying Stargate on the Kava chain provides DeFi users with the most secure and efficient way to move USDt between the Cosmos and Ethereum ecosystems. The integration will allow users of…
France’s third-largest listed bank, Société Générale (SocGen), has forayed into blockchain-based financial solutions by issuing the first digital green bond (worth €10 million) on a public blockchain, according to a December 4 press release.Following the European Investment Bank’s (EIB) recent launch of a digital bond based on a private blockchain, the French lender’s plan marks another step towards widespread adoption of blockchain technology in the global financial sector.This issuance not only highlights the growing confidence in blockchain as a disruptive tool for sustainable finance, but also signals the increasing digitalization in the financial sector.Ethereum’s green bondsSocGen’s cryptocurrency arm, SG-FORGE, issued…
BC.GAME, a leading innovator in online gambling, is proud to announce that it has won the 2023 Best Casino Operator Award from SiGMA. This esteemed honor, awarded at the SiGMA Europe 2023 event, marks BC.GAME’s position as one of the world’s leading online casinos. This award celebrates BC.GAME’s efforts to provide engaging and responsible gaming experiences. The 2023 Best Casino Operator Award presented by SiGMA is a respected honor in the online gambling industry, recognizing operators who demonstrate unparalleled innovation, customer service and operational excellence. This is awarded to casinos that continually redefine the boundaries of online gaming and set…
Industry veteran Ray Youssef has been appointed CEO of Noones, a financial communications app that aims to connect the global South to the global financial system through peer-to-peer technology.Youssef has extensive experience in the industry, particularly in the P2P sector, having co-founded Paxful, a popular Bitcoin trading platform, before his relationship with fellow co-founder Artur Shaback fell apart following the company’s collapse. Youssef co-wrote CivKit, which was designed to provide “a blueprint for developers and entrepreneurs to build censorship-resistant, permissionless global marketplaces,” Youssef told The Block in May. Currently, Noones utilizes open source protocols.Youssef also helped develop Build with Bitcoin,…
The total number of Tron accounts is gradually approaching 200 million. TRX’s movement remained flat but remained at $0.1. At press time, Tron (TRX) was approaching a significant milestone in the total number of accounts on the network. While this milestone is expected to be reached, what is the average number of active accounts and what is Tron’s current Total Value Locked (TVL) status? Tron approaches a major milestone AMBCrypto’s TronScan analysis revealed compelling statistics on network performance. The total number of accounts stands at 199.4 million at press time and is steadily approaching 200 million. A whopping 145,000 new…