The price of Ripple (XRP) has seen significant movement recently, with a notable surge in November to its highest level since 2018. XRP, currently the fourth largest cryptocurrency by market capitalization, has a within 3% chance of overtaking Tether for third place. Following last month’s strong performance, XRP has entered a minor consolidation phase and is down 2% over the past week. Currently, technical indicators suggest a balance between bullish and bearish momentum. XRP RSI is currently neutral Ripple price recently reached its highest price level since 2018, but has fallen 2% over the past week. During the December surge,…
Author: Crypto Flexs
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XRP (XRP) has stalled after an incredible six-week rally as profit booking slowed the altcoin’s $3.00 rally. The XRP/USD pair peaked at $2.90 on December 3 and then fell 2% to an intraday low of $2.3 on December 16 in a correction trend that began. As a result, XRP’s price tripled and then fell nearly 18%. This is the value for the last 6 weeks.XRP price rises on RLUSD stablecoin hypeXRP is receiving increasing attention due to its outstanding performance over the past few weeks, as well as major developments within the XRP Ledger (XRPL) ecosystem, including the upcoming RLUSD…
Mark Longo, owner of Peanut the Squirrel, has sent a cease-and-desist letter to cryptocurrency exchange Binance, accusing it of trademark infringement related to its PNUT-themed memecoin.Longo claims Binance used his “Peanut the Squirrel” trademark and mascot likeness without permission to promote the Peanut the Squirrel (PNUT) cryptocurrency. In the complaint, Longo noted that it has been using the PNUT brand for education and animal welfare initiatives since 2017.Cease and desist demands that cryptocurrency exchanges immediately stop using the PNUT mark and mascot likeness and warn of potential legal action, including fines of up to $150,000 per infringement.The case raises important…
Terrill Dickey December 16, 2024 12:10 Digital asset investment products saw record inflows, reaching $44.5 billion in 2024, according to CoinShares. Bitcoin and Ethereum are leading the surge. Digital asset investment products experienced unprecedented inflows in 2024, with annual figures soaring to $44.5 billion, according to a report by CoinShares. This is a four-fold increase compared to the previous year and highlights growing investor interest in digital assets. Bitcoin and Ethereum are leading the way. Bitcoin investment products were at the forefront last week, enjoying inflows totaling $2 billion. These investments have reached $11.5…
Key Takeaways MicroStrategy continues its Bitcoin accumulation, today announcing the purchase of 15,350 BTC for $1.5 billion. The company’s current Bitcoin holdings are worth $45 billion, accounting for more than 2% of the Bitcoin supply. Share this article MicroStrategy today announced that it acquired 15,350 BTC worth approximately $1.5 billion between December 9 and 15, marking its sixth consecutive week of Bitcoin purchases. This announcement comes ahead of the inclusion of the Nasdaq-100 index, which will take effect next Monday. MicroStrategy acquired 15,350 BTC at ~$100,386 per piece for ~$1.5 billion. #Bitcoin Achieved BTC returns of 46.4% QTD and 72.4%…
By Omkar Godbole (All times Eastern Time unless otherwise noted)Imagine you have a rare collectible. Aged like a fine wine, but only with the original price tag. This is how American companies are told to value Bitcoin… stuck in the past instead of reflecting Bitcoin’s true value. This will change from today.Yes, today is when the FASB fair value accounting rules passed in 2023 go into effect. This allows businesses to report their Bitcoin holdings at fair market value rather than purchase price. This change will give businesses more control over how they classify these assets and could accelerate enterprise…
Felix Pinkston December 16, 2024 08:45 GitHub experienced performance issues in November 2024 due to a database error. This incident impacted dotcom customers with an hour-long delay in notifications. According to GitHub, in November 2024, GitHub experienced a single incident that impacted service performance. An outage that occurred on November 19 impacted our notification service, resulting in delays in sending notifications to dotcom customers. Accident Details The incident began at 10:56 UTC and lasted 1 hour and 7 minutes. During this time, the database host went into read-only mode after a maintenance process, which…
A veteran cryptocurrency trader says one digital asset sector is secretly poised for a repeat of its 2021 rally. A pseudonymous trader known as Bluntz told his 304,000 followers on social media platform Blunts says: “The president is accumulating DeFi coins and creating his own DeFi company. I think it’s safe to assume that DeFi has now been de-risked and scheduled for a repeat in 2021.” Cryptocurrency intelligence platform Arkham recently reported that Trump’s World Liberty Financial (WLFI) platform purchased $50 million worth of DeFi coins, including Ethereum (ETH), Chainlink (LINK), and Aave (AAVE). Noting the purchases in WLFI, Bluntz…
Louisa Crawford December 16, 2024 09:14 BitTorrent Inc. has released BTFS protocol v3.2.0 beta, introducing important updates including CID filtering, resource summarization, and file modification timestamps. BitTorrent File System (BTFS) has announced the beta release of v3.2.0, its latest version with enhancements aimed at improving user experience and network efficiency. According to BitTorrent Inc., the new update introduces several major upgrades designed to improve the distributed file system and increase its functionality. Major upgrades from v3.2.0 beta The latest release of the BTFS protocol includes important improvements, such as the implementation of BTIP-79, which…
Daily trading volume on the Blur NFT marketplace has increased fivefold over the past month. Short-term traders have fallen into a trap as BLUR shows upward trend bars amid the recent overall market correction. Daily trading volume on the Blur (BLUR) NFT marketplace increased more than fivefold in November. This was the largest spike ever, with volume exceeding $35 million. This surge coincides with heightened activity suggesting growing interest in NFT platforms, which could potentially impact the BLUR token price. In particular, volume spikes were inconsistent. Instead, it came in sudden bursts, indicating reactive trading behavior. Source: Token Terminal If…