Ripple on Tuesday announced an agreement to acquire Standard Custody and Trust Company, a New York-based digital asset platform. The acquisition still has to go through the regulatory approval process, but once the deal is complete, Ripple will be the sole shareholder, a spokesperson told The Block. Ripple will use Standard Custody’s limited purpose trust charter and funds transfer license to strengthen its regulatory license portfolio.“What Standard Custody brings to the portfolio here is another significant set of licenses, which includes a trust license in the U.S.,” Ripple President Monica Long told The Block in an interview. “To be able…
Author: Crypto Flexs
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reporter Posted on: February 14, 2024 If BNB retraces, traders targeting $340 may be liquidated. If the funding rate becomes extremely negative, the price could head towards $400. The price of Binance Coin (BNB) has joined other cryptocurrencies as the broader market continues to rise. At press time, the price of BNB was $326.93. However, if AMBCrypto’s observation is correct, traders holding long positions face liquidation risk. For those of you unfamiliar with the cryptocurrency world, liquidation occurs when a leveraged position is automatically liquidated. This may be due to the trader having insufficient margin balance. It may also be…
Speculation about a potential settlement in the XRP lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has been met with skepticism and outright dismissal by several legal authorities closely monitoring the case. This development follows a recent court ruling that ordered Ripple to provide comprehensive financial records related to institutional sales of XRP during 2022 and 2023. This decision inadvertently fueled rumors of an imminent agreement. A recent court order issued by Judge Sarah Netburn delayed the legal process by eight days, allowing Ripple to extend it until February 20 to meet financial disclosure requirements. The…
Ledger and Coinbase Pay integrate to give users direct access to buy and sell cryptocurrencyCoinDesk, a leading source of cryptocurrency news, has updated its Privacy Policy, Terms of Use, and Cookies. Known for its high journalistic standards, the platform was acquired by Bullish Group in November 2023. Bullish Group, majority-owned by Block.one, owns Bullish, a regulated digital asset exchange. Both groups are interested in blockchain and digital asset businesses and hold significant amounts of digital assets such as Bitcoin. CoinDesk remains an independent subsidiary with an editorial board chaired by a former Wall Street Journal editor-in-chief to ensure journalistic integrity.…
Some large game token unlocks are scheduled to occur between now and the end of February, increasing the circulating supply of tokens associated with the following games: sandbox (sand) and parallel (Early). These unlocks can affect market prices, so traders keep an eye on these movements.According to Crypto Dashboard’s estimates, sandboxes come into play first. Token Unlock, between teams, advisors and company reserve allocations, 205.59 million SANDs are expected to be unlocked on Wednesday. This represents approximately $99.2 million worth of SAND at current prices, or approximately 9.2% of the current circulating supply.February 16 15.6 million Ape Coin (APE) tokens…
The cryptocurrency market is riding a wave of anticipation and uncertainty, according to a recent U.S. Bureau of Labor Statistics report. January Consumer Price Index (CPI) inflation data showed a 3.1% increase, slightly lower than December’s 3.4% but still above market expectations of 2.9%. This unexpected distortion of inflation figures has caused turmoil among investors and shifted expectations of a Federal Reserve interest rate cut, now expected in July rather than June. All eyes are on the Federal Reserve as the recent inflation surprises have investors holding their breath for what’s next. Following the release of the CPI data, the…
According to blockchain analytics firm Elliptic, an abuse of cryptocurrency gaming platform PlayDapp resulted in the loss of millions of dollars worth of PLA tokens that power PlayDapp’s gaming platform and NFT marketplace. Elliptic said in a report Tuesday that an unauthorized wallet, possibly caused by a private key compromise, minted 200 million PLA tokens worth $36.5 million at the time on February 9.Shortly after this incident, PlayDapp sent a message to the hacker via an on-chain transaction.Return the stolen funds by 3 a.m. ET on February 13th to receive a $1 million white hat reward. If not, PlayDapp said…
In today’s fast-paced business world, having the right tools is critical to maintaining a competitive advantage. One tool that is transforming the way businesses run is OmniCron. This game-changing tool offers a wide range of features to help businesses streamline operations, improve efficiency, and ultimately drive growth. Features of Omnicron OmniCron offers a comprehensive suite of features that can benefit businesses of all sizes and industries. Some of the key features include: Task Management: OmniCron allows your team to easily manage and assign tasks, set deadlines, and track progress in real time. Project Tracking: This tool provides powerful project tracking…
A prominent cryptocurrency analyst for predict The “altcoin bull market” is imminent. These predictions are rooted in observing notable patterns in altcoin market cap charts. Accumulation pattern suggests entering a bull market According to cryptocurrency analyst Mags on For context, the Wyckoff accumulation pattern, named after Richard D. Wyckoff, a pioneering trader in the early 20th century, is used to identify market bottom phases when institutional investors accumulate assets before the start of a new upward trend. The Wyckoff Accumulation pattern typically unfolds in five stages (A), designed to highlight how professional attention prepares assets to move into the significant…
“Victims of these crimes are subjected to forced labor, slavery, involuntary servitude, peonage activities, or are forced to engage in commercial sexual activity,” the report said. And cryptocurrency usage increased rapidly from 336 in 2020 to 1,975 in 2021.