XRP price preps for 'powerful move' above $2.90 as sentiment metrics signal optimism
XRP, also known as Ripple, has been making waves in the cryptocurrency market with its recent market structure indicating a potential surge to new all-time highs. This altcoin has been gaining momentum and attention from investors, and it’s not hard to see why.
With a market cap of over $30 billion, XRP is currently the fourth largest cryptocurrency in the world. Its technology, which focuses on facilitating fast and low-cost international transactions, has gained widespread adoption from major financial institutions. This has only added to the coin’s credibility and potential for growth.
But what’s really catching the eye of investors is XRP’s market structure. Technical analysis shows that the altcoin is forming a bullish pattern, indicating a potential breakout to new all-time highs. This pattern, known as an ascending triangle, is formed by a series of higher lows and a resistance level that remains constant. This suggests that buyers are becoming more aggressive and are willing to pay higher prices for XRP, which could lead to a significant price increase.
In addition, XRP’s recent price action has been showing signs of strength, with the coin consistently holding above its 50-day moving average. This is a positive sign for investors, as it indicates that the coin has strong support and is likely to continue its upward trend.
But it’s not just technical analysis that is pointing towards a potential surge for XRP. The altcoin has also been making headlines with its partnerships and developments. Just recently, Ripple announced a partnership with MoneyGram, one of the largest money transfer companies in the world. This partnership will allow MoneyGram to utilize XRP for its cross-border payments, further increasing the coin’s utility and demand.
With all these factors in play, it’s no surprise that XRP is gaining attention and momentum in the cryptocurrency market. As the altcoin continues to solidify its position as a leader in the industry, it’s only a matter of time before it reaches new all-time highs. So keep an eye on XRP, because it could be the next big thing in the world of cryptocurrency.
Trump’s Bitcoin policy lashed in China, deepfake scammers busted: Asia Express
China banker says Trump’s Bitcoin plan contradicts his US dollar dreams as Hong Kong busts deepfake AI pig butcher scammers. Asia Express.
Polymarket users bet Biden more likely to pardon SBF than Ross Ubricht
The world of cryptocurrency has been rocked by the recent news of two high-profile individuals facing lengthy prison sentences for their involvement in illegal activities. The former CEO of FTX, a popular cryptocurrency exchange, is currently serving a 25-year sentence while awaiting appeal. Meanwhile, the infamous founder of the Silk Road, a now-defunct online marketplace for illegal goods and services, was sentenced to life in prison back in 2015.
The former FTX CEO, who goes by the name of Sam Bankman-Fried, was arrested in 2021 for his role in a money laundering scheme involving millions of dollars worth of cryptocurrency. He was found guilty and sentenced to 25 years in prison, with the possibility of parole after 10 years. Bankman-Fried’s case has caused shockwaves in the cryptocurrency community, as he was once seen as a rising star in the industry.
On the other hand, the Silk Road founder, Ross Ulbricht, has been behind bars since 2013 for his involvement in running the infamous online marketplace. Ulbricht was convicted of multiple charges, including money laundering, drug trafficking, and computer hacking. Despite numerous appeals and petitions for clemency, he was ultimately sentenced to life in prison without the possibility of parole.
These high-profile cases serve as a reminder that the cryptocurrency world is not immune to illegal activities and the consequences that come with them. While the industry has made significant strides in terms of legitimacy and regulation, there are still individuals who try to exploit it for their own gain. As the market continues to grow and gain mainstream acceptance, it is crucial for all participants to adhere to the laws and regulations in place.
In the wake of these cases, it is also important to remember the potential risks and consequences of investing in cryptocurrency. While it can be a lucrative and exciting market, it is not without its dangers. It is essential to do thorough research and only invest what you can afford to lose. As the saying goes, “with great power comes great responsibility,” and this is especially true in the world of cryptocurrency. Let these cases serve as a cautionary tale and a reminder to always stay on the right side of the law.
Is the Bitcoin bull run ending? Analyst says metrics don’t point to a ‘market peak’ yet
Bitcoin has been making headlines recently with its price dropping to around $92,000. This has caused some concern among traders and investors, but one analyst believes that this is just a short-term dip and that the market noise should be ignored.
The cryptocurrency market is known for its volatility, and Bitcoin is no exception. In the past, we have seen the price of Bitcoin go through significant ups and downs, but it has always managed to bounce back and reach new heights. This recent drop in price is just a blip on the radar, and it should not deter traders from investing in Bitcoin.
According to the analyst, the current market conditions are not a reflection of Bitcoin’s long-term potential. In fact, he believes that this dip presents a great buying opportunity for those looking to enter the market or increase their holdings. The fundamentals of Bitcoin remain strong, and the recent price drop is simply a result of short-term market fluctuations.
It is important for traders to not get caught up in the noise and panic sell during times like these. Instead, they should focus on the bigger picture and the long-term potential of Bitcoin. The cryptocurrency has been gaining mainstream adoption and acceptance, with more and more companies and institutions investing in it. This is a clear indication of the growing confidence in Bitcoin and its potential to revolutionize the financial industry.
Furthermore, with the recent halving event and limited supply, Bitcoin’s value is expected to increase in the long run. This makes it a valuable asset to hold onto, despite the short-term price fluctuations.
In conclusion, while Bitcoin’s recent price drop may cause some concern, it is important for traders to stay calm and not let the market noise affect their decisions. The fundamentals of Bitcoin remain strong, and this dip presents a great opportunity for those looking to invest in the cryptocurrency. As always, it is important to do your own research and make informed decisions when it comes to investing in any asset, including Bitcoin.
Bitcoin’s Trump trade dented by rising yields and strong US dollar
Bitcoin’s ability to hold the $100,000 is being suppressed by rising treasury yields and a strengthening dollar. Is the “Trump trade” ending?
Compound adds Ethena, Mantle tokens to lending platform
Stablecoins and liquid staking tokens are continuing to drive TVL growth across DeFi.
Wisconsin lawmaker to chair US House digital assets subcommittee
French Hill, a Republican congressman from Arkansas, has recently made a significant move in the world of digital assets, fintech, and artificial intelligence. He has stepped down as the leader of the subcommittee for these areas to take on a new role as the chair of the full House committee in the 119th Congress.
This change in leadership comes at a crucial time as the digital assets and fintech industries continue to grow and evolve. With the rise of cryptocurrencies and the increasing use of AI in various sectors, it is essential to have strong and knowledgeable leaders at the helm.
Hill has been a vocal advocate for the development and regulation of digital assets and fintech, recognizing their potential to revolutionize the financial industry. He has also been a strong proponent of using AI to improve efficiency and decision-making in various fields.
During his time as the leader of the subcommittee, Hill has been instrumental in shaping policies and legislation related to digital assets and fintech. He has worked closely with industry experts and stakeholders to ensure that regulations are fair and effective, promoting innovation while also protecting consumers.
As he takes on his new role as chair of the full House committee, Hill will have even more influence and responsibility in shaping the future of these industries. His experience and expertise will be crucial in navigating the complex and ever-changing landscape of digital assets, fintech, and AI.
Hill’s appointment as chair is a testament to his dedication and commitment to these emerging technologies. It also highlights the growing importance of these industries in the eyes of lawmakers and the potential impact they can have on our economy and society.
With Hill at the helm, we can expect to see continued progress and development in the digital assets, fintech, and AI sectors. His leadership will undoubtedly play a significant role in shaping the future of these industries and their impact on our daily lives.
Cypherpunk Nick Szabo joins Samson Mow's JAN3 as chief scientist
“We are thrilled to welcome Nick to the Jan3 team as we continue to drive the widespread adoption of Bitcoin,” stated Mow, expressing his excitement about the newest addition to their team.
Nick brings a wealth of experience and expertise to the table, making him a valuable asset in our mission to make Bitcoin accessible to everyone. With his extensive knowledge and passion for the cryptocurrency industry, we are confident that he will play a crucial role in our efforts to accelerate the global adoption of Bitcoin.
As the world’s leading cryptocurrency, Bitcoin has seen tremendous growth and recognition in recent years. However, there is still a long way to go in terms of mainstream adoption. That’s where Nick’s expertise comes in. With his deep understanding of the market and his strategic thinking, we believe he will help us reach new heights in our mission.
Nick’s addition to our team is a testament to our commitment to providing the best services and solutions to our clients. We are constantly striving to improve and evolve, and Nick’s expertise will undoubtedly contribute to our growth and success.
At Jan3, we are dedicated to making Bitcoin accessible and user-friendly for everyone. We believe that it has the potential to revolutionize the financial industry and empower individuals worldwide. With Nick on board, we are more determined than ever to make this vision a reality.
Join us in welcoming Nick to the Jan3 team, and stay tuned for more exciting updates as we continue to make strides in the world of Bitcoin adoption. Together, we can make a difference and shape the future of finance.”
Hacks and scams stole $3B from crypto activities in 2024 — PeckShield
In the fast-paced world of cryptocurrency, security is a top concern for investors and traders alike. With the rise of digital currencies, there has also been an increase in cyber attacks and scams targeting these assets. In fact, a recent report by a leading security firm revealed that hacks accounted for over 70% of crypto losses due to illicit activities in 2024, while scams made up the remaining 30%.
This alarming statistic highlights the need for heightened security measures in the crypto space. As more and more people turn to digital currencies as a means of investment and payment, it is crucial for individuals and companies to take necessary precautions to protect their assets.
One of the main reasons for the high percentage of losses due to hacks is the decentralized nature of cryptocurrencies. Unlike traditional financial systems, there is no central authority or institution to oversee and regulate transactions. This makes it easier for hackers to exploit vulnerabilities and steal funds.
However, it’s not just hacks that pose a threat to the crypto community. Scams, such as fake ICOs and phishing schemes, also continue to be a major concern. These fraudulent activities not only result in financial losses but also damage the reputation of the entire industry.
To combat these threats, it is essential for individuals and businesses to educate themselves on best practices for securing their crypto assets. This includes using strong passwords, enabling two-factor authentication, and storing funds in cold wallets. Additionally, staying informed about the latest scams and being cautious when investing in new projects can also help mitigate risks.
As the crypto market continues to grow and evolve, it is crucial for all stakeholders to prioritize security. By taking proactive measures and staying vigilant, we can create a safer and more secure environment for the future of digital currencies.
Circle contributes $1M USDC to Trump's Inauguration Committee
Did you know that stablecoin issuers, such as Tether and Circle, are among the top buyers of US government debt? In fact, they rank as the 18th largest buyers in the world. This may come as a surprise to many, as stablecoins are often associated with the volatile world of cryptocurrency. However, these overcollateralized stablecoins have become a major player in the traditional financial market.
Stablecoins are a type of cryptocurrency that is pegged to a stable asset, such as the US dollar. This ensures that the value of the stablecoin remains relatively stable, unlike other cryptocurrencies that are known for their wild price fluctuations. Overcollateralized stablecoins, in particular, are backed by a reserve of assets that are worth more than the value of the stablecoin itself. This provides an extra layer of security and stability for investors.
But why are these stablecoin issuers investing in US government debt? The answer lies in the nature of their business. Stablecoins are primarily used as a means of exchange and store of value in the cryptocurrency world. However, in order to maintain their peg to the US dollar, these issuers need to hold a significant amount of US dollars in reserve. And what better way to do so than by investing in US government debt, which is considered one of the safest and most stable investments in the world.
This trend of stablecoin issuers investing in US government debt highlights the growing integration of the cryptocurrency market with traditional finance. It also showcases the potential for stablecoins to bridge the gap between the two worlds and provide a more stable and secure option for investors.
In addition, this also has a positive impact on the US government, as it increases demand for their debt and helps to fund their operations. It’s a win-win situation for both parties involved.
So the next time you hear about stablecoins, remember that they are not just a part of the cryptocurrency world, but also a major player in the traditional financial market. And with their increasing popularity and adoption, we can expect to see even more interesting developments in the future.