XRPL Development Surge: Stability in XRP Price Despite Mixed Investor Sentiment
Development activity on the XRP Ledger (XRPL) has seen a significant uptick following an initial decline on April 13th. Utilizing on-chain data from Santiment, AMBCrypto reported that development activity on the ledger fell to 0.28 before rebounding to 0.49. XRPL,…
U.S. Jobs Report Sparks Market Speculation and Bitcoin Rally
The report revealed that nonfarm payrolls increased by 175,000 jobs in the U.S., slightly below the market forecast of 240,000 and down from the previous month’s figure of 303,000. While this moderate growth signals ongoing recovery, it fell short of…
Tesla Scraps Model 2, Aims for Faster Affordable Cars on Existing Platforms
Tesla is making a strategic shift in its new vehicle development. The company announced plans to introduce “more-affordable models” by early 2025, prioritizing faster production using existing platforms and production lines. This comes after Tesla reportedly shelved plans for the…
Shiba Inu Soars: Whale Move and TREAT Fuel Price Rally
The “Dogecoin killer,” Shiba Inu (SHIB), has been experiencing a notable price surge, capturing the attention of cryptocurrency enthusiasts. This rally coincides with a massive whale transaction of 3 trillion SHIB tokens, valued at roughly $79.94 million, sparking speculation within…
VeChain’s Partnership with UFC Sparks Excitement: Will VET Witness a 25% Surge or Reach a New All-Time High?
VeChain, a blockchain platform focusing on real-world applications, has partnered with the Ultimate Fighting Championship (UFC) to introduce a novel concept: tokenized fight gloves. Equipped with near-field communication (NFC) chips, these gloves will track fight data and authenticate their genuineness…
Bitcoin Leads Crypto Crash: BTC, ETH, SOL, XRP, and SHIB Tumble Amidst Market Correction
The cryptocurrency market experienced a significant downturn this week, with the global market capitalization plunging over 8% to a low of $2.38 trillion. This selloff resulted in a loss exceeding $250 billion in market value. Bitcoin Triggers Market Selloff Bitcoin,…
Bitcoin Miners Look Beyond Halving: Network Fees and Price Key to Profitability
The upcoming Bitcoin halving, scheduled for April 20, 2024, will see block rewards for miners cut in half, from 6.25 BTC to 3.125 BTC. This has traditionally meant a drop in profitability for miners, forcing some smaller firms out of…
Breaking: Ripple Labs To Issue Transparency-Focused Stablecoin To Rival USDT and USDC
American blockchain payments firm Ripple Labs Inc. has shaken the cryptocurrency scene with its announcement of a new stablecoin designed to compete with current market leaders. The stablecoin, pegged 1:1 to the US dollar, promises to address transparency concerns that…
Crypto Giant Binance Faces Trial in Nigeria: Money Laundering and Tax Allegations Cast a Shadow
The world’s leading cryptocurrency exchange, Binance, is facing a legal storm in Nigeria. Two of its executives, Tigran Gambaryan and Nadeem Anjarwalla, are set to be arraigned before the Abuja Federal High Court on Thursday, April 4th. Serious accusations of…
Tether Doubles Down on Bitcoin, Surpasses 75,000 BTC in Reserves
Tether, the company behind the world’s leading stablecoin USDT, has been making significant strides in the Bitcoin accumulation race. A recent acquisition of 8,889 BTC has bolstered their reserves to over 75,000 BTC, valued at more than $5.3 billion. This…