crypto
Despite being 4% down over the past 30 days, Ripple’s XRP stands out among the three non-stablecoin asset maintaining positive momentum. Besides Ripple (XRP), the other coins in green today are Ondo and Ethereum Name Service (ENS). While Bitcoin and other major altcoins face significant downturns, XRP has managed to break through resistance levels, suggesting a potential for further growth. In this article, we analyze the recent market performance of XRP, examining the factors contributing to its resilience and exploring the cryptocurrency’s bullish outlook. Crypto market bloodbathToday, at pr...
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A leading crypto exchange, Uphold, revealed that it will cease support for several stablecoins for its European customers from 1 July. The assets in question are Tether (USDT), TrueUSD (TUSD), Pax Dollar (USDP), Gemini Dollar (DUSD), Frax Protocol, and Dai (DAI). Also, crypto exchanges such as Binance, OKX, and Kraken have modified their stablecoin listing rules. That comes as the European market awaits MiCA stablecoin rules implementation in the Economic Area on 30 June. Uphold delists six stablecoins to comply with MiCAUphold has joined the leading exchanges removing stablecoins to comply wi...
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It was a sea of red in the cryptocurrency market on Tuesday morning as most cryptocurrencies tumbled. Bitcoin, the biggest crypto in the world, plunged to $65,000, triggering a major sell-off in the altcoin industry. It has now plunged by over 11% from its highest level this year. Altcoins like ICP and Quant have crashedInternet Computer (ICP) continued its sell-off, reaching a low of $7.62, its lowest swing since December last year. It has crashed by more than 61% from its highest level this year. Dogecoin, the popular meme coin was also deeply in the red as it crashed to $0.1143, 47% below i...
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The Australian Securities and Investments Commission (ASIC) has issued a cautionary statement to investors in anticipation of the launch of Bitcoin exchange-traded funds (ETFs) on the Australian Stock Exchange (ASX). The regulatory body highlighted the inherent risks associated with cryptocurrencies, emphasizing that investors should only use funds they are “prepared to lose.” ASX approves first Bitcoin ETFThis advisory comes in the wake of the ASX approving the country’s first spot Bitcoin ETF. The approval marks a significant milestone for the Australian financial market, introducing a new i...
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Amidst a broader market struggling with a downturn, Toncoin (TON) stands out with its impressive performance. Currently trading at $7.83, TON has gained 5.11% in the past day, 3.94% over the week, and a remarkable 15% for the month. With a market cap of $19 billion, TON ranks ninth among the leading cryptocurrencies, according to CoinMarketCap. Toncoin hits new total value locked recordThe TON blockchain has recently achieved a record-high Total Value Locked (TVL), surpassing $600 million, as reported by DefiLlama. On Monday, the network’s TVL reached $609.78 million, a substantial increase fr...
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While Solana continues to see unprecedented growth and adoption, BitMEX founder Arthur Hayes has shared his prediction for what happens between Solana and Aptos. Hayes is the chief investment officer at Maelstrom, an early-stage investment fund focused on crypto. The BitMEX founder shared this outlook in an interview that also included Raoul Pal, the co-founder and CEO of Real Vision. The two commented on the current crypto market landscape, risks, degen plays, and end of year predictions. In terms of market risks, Hayes believes a major black swan event for crypto would be the collapse of a l...
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Cryptocurrencies are gaining increased interest in the United States’ political realm. Former president Donald Trump has displayed his positive stance on the asset class, even supporting crypto donations in his campaigns. Trump’s pro-crypto actions have seemingly grabbed the attention of the entire political arena. Congressperson Ro Khanna will host a pivotal Bitcoin strategic talk with the Biden Administration and various industry figures in Washington DC in July. Meanwhile, a new meme token, Solciety (SLCTY), looks to capitalize on this craze for solid growth during the election period. Bide...
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Notcoin (NOT) is all of a sudden dropping after a meteoric rise and capturing the attention of crypto investors. As Notcoin investors find themselves in unchartered waters after months of pure gains, Bitbot, a new Telegram bot, investors are eagerly waiting to claim their BITBOT tokens after a successful presale round, with all eyes now on listing on major crypto exchanges. Notcoin (NOT) price opens the week on a sharp declineLast Friday, Notcoin price soared over 15%, briefly surpassing $0.20 amid a broader rally in the TON blockchain ecosystem. This surge reflected growing interest in Notcoi...
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South Korean prosecutors have unearthed new evidence suggesting that Terraform Labs co-founder Do Kwon and former Chai CEO Shin Hyun-Sung conspired to deceive investors through fake transactions. This discovery adds another layer to the already complex case surrounding the collapse of the Terra and Luna tokens, implicating high-profile figures in the cryptocurrency space. The fraudulent chatAccording to a report by Yonhap News Agency, the Seoul Southern District Prosecutors’ Office presented new evidence to the court, revealing a chat from May 2019 between Do Kwon and Shin Hyun-Sung. This conv...
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Regulators in South Korea will reassess cryptocurrencies currently available for trading in the nation. This comprises approximately 600 cryptocurrencies. Local media publisher Chosun has revealed that the new standards are part of the nation’s regulations under the Virtual Asset User Protection Act. The legislation is set to go live on July 19. Cryptocurrencies under scrutinySouth Korean authorities have created a framework dubbed the best practice plan for supporting virtual asset transactions as a part of the upcoming act. The framework lists several criteria that the nation must abide by f...
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