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USDC(USDC)

$1.00

0.05%

Market Cap
27.16b
 

0.05%

Volume (24h)
3.81b
 

55.41%

Released on 08 Oct 2018
Crypto
Market Cap
N/A
 

Volume (24h)
151.54m
 

12986.48%

Released on 16 Mar 2022
Crypto
Market Cap
N/A
 

Volume (24h)
128.78m
 

74.93%

Released on 16 Mar 2022
Coinpedia
Coinpedia
followers

The post Shiba Inu wallet holding $13,000,000 SHIB makes partial exit for a new viral coin set to perform better in 2024 appeared first on Coinpedia Fintech News In the world of cryptocurrency investments, strategic moves by prominent holders often draw significant attention. Recently, a wallet holding a substantial amount of Shiba Inu tokens, worth approximately $13,000,000, made headlines by announcing a partial exit strategy. The decision was driven by the pursuit of new opportunities in the crypto market, particularly focusing on a promising viral coin poised to outperform in 2024. This article delves into the details of the Shiba Inu holdings, the partial exit strategy, and the exploration of new opportunities with Retik Finance, while also examining the factors driving the decision and why the chosen coin is expected to perform better in the coming year. Shiba Inu Holdings and Partial Exit Strategy The decision to partially exit a significant Shiba Inu (SHIB) holding worth $13,000,000 marks a strategic manoeuvre by the wallet owner to diversify their crypto portfolio and explore alternative investment avenues. Shiba Inu, a meme-based cryptocurrency inspired by the popular Dogecoin, gained immense popularity in 2021, attracting a large community of investors with its meme-centric branding and potential for high returns. However, as the crypto market continues to evolve, investors are increasingly seeking opportunities beyond meme coins, driving the need for strategic portfolio adjustments. The partial exit strategy involves selling a portion of the SHIB holdings while retaining a strategic stake in the token. This approach allows the investor to realise profits from their initial investment in Shiba Inu while maintaining exposure to potential future gains. By reallocating a portion of their funds to other promising assets, the investor aims to optimise their portfolio for long-term growth and risk management. Exploring New Opportunities with Retik Finance One avenue for exploring new opportunities in the crypto market is through innovative blockchain projects like Retik Finance. Retik Finance is a revolutionary platform that seeks to bridge the gap between the traditional fiat and cryptocurrency worlds, offering individuals, enterprises, and institutions seamless access to a wide range of financial services. By leveraging cutting-edge technologies such as blockchain and decentralised finance (DeFi), Retik Finance provides users with a secure, transparent, and efficient ecosystem for managing digital assets and conducting financial transactions. The decision to explore opportunities with Retik Finance aligns with the investor’s objective of diversifying their crypto portfolio and tapping into emerging trends in the market. By engaging with innovative platforms like Retik Finance, investors can gain exposure to new asset classes, liquidity pools, and investment strategies that may not be available through traditional channels.  Additionally, by participating in the growth of promising blockchain projects, investors can contribute to the development of the crypto ecosystem while earning attractive returns on their investments. Factors Driving the Decision Several factors have influenced the decision to partially exit from Shiba Inu Holdings and explore new opportunities with Retik Finance. Firstly, the evolving nature of the crypto market necessitates adaptability and strategic portfolio management. While Shiba Inu experienced significant growth in 2021, the investor recognizes the importance of diversification and risk mitigation in achieving long-term financial objectives. Secondly, the emergence of innovative blockchain projects like Retik Finance presents compelling opportunities for investors to capitalise on the potential of decentralised finance and blockchain technology. By participating in projects that are at the forefront of innovation, investors can position themselves for potential growth and value creation in the crypto market. Additionally, the decision to explore new opportunities with Retik Finance is driven by the platform’s commitment to transparency, security, and user empowerment. Retik Finance offers a wide range of financial services, including decentralised lending, borrowing, staking, and asset management, providing investors with access to a diverse array of investment opportunities within a secure and regulated environment. Conclusion The decision to make a partial exit from Shiba Inu Holdings and explore new opportunities with Retik Finance reflects the dynamic nature of the crypto market and the importance of strategic portfolio management. By diversifying their holdings and engaging with innovative blockchain projects, investors can optimise their portfolios for long-term growth and value creation. Moreover, by investing in coins with strong fundamentals and growth potential, investors can position themselves for potential gains in the evolving crypto landscape. Click Here To Take Part In Retik Finance Presale Visit the links below for more information about Retik Finance (RETIK): Website: https://retik.com Whitepaper: https://retik.com/retik-whitepaper.pdf Linktree: https://linktr.ee/retikfinance

3 days ago
Bitcoinworld
Bitcoinworld
followers

The global crypto sector’s market capitalization is currently at $2 trillion and the industry is projected to grow by around 8% over the next five years. The impressive set of figures underlines the fast pace at which crypto assets are now entering mainstream finance.  Developments like the launch of crypto ETFs in the US have helped democratize access to these blockchain-driven assets. However, a large part of the world is still shying away from exploring cryptocurrencies due to a myth – cryptocurrencies are expensive.  A simple web search can bust this myth and provide multiple budget-friendly options. These options include coins like InQubeta (QUBE), Dogecoin (DOGE), Shiba Inu (SHIB), Tron (TRX), and Stellar (XLM). These are some of the best altcoins that you will find in the market today and can even offer the benefits of diversification. To know more about why these tokens are so highly recommended, here’s a description of the key features of these interesting ecosystems.   1. InQubeta: Strengthening the network of AI startups InQubeta is an Ethereum-based platform where startups can find resources for business growth and scale their AI projects. These resources can help them find funding opportunities, seek guidance from experienced professionals, and create the right buzz for their brand. By leveraging InQubeta, startups can work on new AI-led projects without being concerned about how they can fund them. To avail of any feature of the platform or make a transaction, buyers will need to use its native cryptocurrency known as the QUBE token.  The QUBE token’s supply has a cap of 1.5 billion and around 65% of it is meant for sale. It was launched in 2023 and was among the top ICOs of the year. Its ICO has so far raised over $9.7 million.  The token is not only a model of payment but also a tool of empowerment for both crypto users and startups. The token can be staked to earn passive income. By staking their assets, token holders contribute to the blockchain’s growth.  In exchange, they receive passive income for as long as their token remains locked in InQubeta’s liquidity pool. The staking rewards are paid from a separate pool that’s financed by tax collections. QUBE is used for investing in startup projects through InQubeta’s NFT marketplace. The NFTs traded at the portal are created from the offers submitted by startups in need of funds.  These offers will have all information about the project and how it will benefit the investor.   NFT buyers can choose to purchase either the whole asset or a fraction of it.  The token is built on a deflationary model which means its returns do not plummet when the market is in red. A deflationary asset’s supply is regulated according to market conditions to minimize price fluctuations and keep its value stable. If there is an uptick in inflation, the supply is reduced and crypto users will find it difficult to buy the QUBE token. The scarcity also boosts its price, even if the returns on other assets are dipping. Any increase in the supply in such times is countered by burning unwanted tokens. InQubeta finished 2023 on a high note, thanks to its stellar cryptocurrency ICO. After ensuring a dream start for the project, the team is now busy planning for the future. In its roadmap, the team has outlined several new initiatives that will ramp up the platform’s reach.  These projects include a new staking dApp to make staking services more accessible. Another initiative on the cards is getting the QUBE token listed on centralized exchanges. Join InQubeta Presale   2. 400 million Dogecoin tokens moved to Robinhood Dogecoin is a meme coin inspired by dogs. Its native token is DOGE and the network is secured with the proof-of-work consensus protocol. The token is simple to use and is likely to end your worries about which crypto to buy today for the long term.  The peer-to-peer platform has an open-source code and its network is maintained by a network of nodes.  The meme coin recently hit the headlines after a whale transferred around 1 billion DOGE tokens to multiple platforms including brokerage firm Robinhood. According to data collected by WhaleAlert on February 15, 2024, an anonymous crypto trader moved 1,081,987,848 tokens to different addresses in around six transactions. Of the lot, 400 million DOGE tokens – worth around $34,000,000 – were sent to Robinhood.    3. Shiba Inu’s lead developer outlines major upgrades Shiba Inu is an animal-themed cryptocurrency that cashes in on the popularity of the Japanese dog breed Shiba Inu. For all transactional purposes, the team has created the SHIB token but for governance, the BONE token is used. A third token, LEASH, has also been created to reward long-time supporters of Shiba Inu.  One of the most popular offerings by the Shiba Inu team is an NFT series ‘Shibosis’. The series comprises 10,000 NFTs inspired by dogs and each one has distinct characteristics. These creatures will be playing a pivotal role in Shiba Inu’s upcoming ‘Shiboshi Game’. The team has been in the news because of its Ethereum-based Layer 2 blockchain ‘Shibarium’. The platform uses the BONE token for all kinds of payments which are confirmed with the proof-of-stake consensus algorithm. Shiba Inu has made it to 2024’s list of best altcoins with a vibrant ecosystem. It’s no longer just a meme coin but a rapidly expanding network of DeFi products.  Its team of developers is also coming up with new upgrades that can make Shiba Inu more accessible. The platform’s lead developer Shytoshi Kusama recently unveiled some key upgrades that will be implemented on multiple projects. Announcing the upgrades in Shib Magazine’s latest edition, Kusama delved into progress made after the meme coin collaborated with D3 Global to roll out the Shib Name Service.    4. Tron founder unveils roadmap for Bitcoin-based Layer 2 solution Tron has been designed to facilitate the decentralization of the Internet with blockchain-based solutions. The Tron ecosystem has multiple offerings which include a Web 3.0 wallet, a crypto exchange, and a blockchain explorer, among others.  Its native token TRX is used for availing these services or settling payments on the platform. All TRX transactions are authenticated with the proof-of-stake consensus protocol. Its code architecture has three levels – storage, core, and application layers. The three-layer architecture enables developers to create diverse and customized dApps. Tron has been able to outperform several new altcoins by incentivizing user participation through its super representatives (SRs) program. All TRX holders are eligible to become SRs and their partners. These token owners produce blocks and bundle transactions together. In exchange, they get voting rights and block rewards. Using their voting rewards, SRs can initiate proposals for protocol changes. A reason why Tron is considered to be a leading blockchain network is that it’s always evolving with the times. In a recent development, Tron founder Justin Sun posted a roadmap for building a Bitcoin Layer-2 solution.  The announcement comes at a time when Bitcoin ETFs are a rage. These financial products were rolled out in the US in January. Despite concerns about the legal aspects of BTC ETFs delaying their launch, these funds opened to record investor flows. In his post on X, Sun shared that he aims to promote decentralization and integration of different tokens within the Tron and Bitcoin ecosystems. The project would boost Tron’s interoperability and tap into the Bitcoin-based stablecoin sector which includes names like Bitcoin ordinals.   5. Yellow Card to introduce USDC on Stellar  Widely regarded as one of the top cryptos to invest in this year, Stellar is a public blockchain where developers can find tools to create solutions for the real world. The dApps and DeFi solutions powered by Stellar serve the purpose of cash in a digital-first world.  It has an edge over other blockchain systems in terms of speed, cost-effectiveness, and energy efficiency. Using its tooling, in-depth documentation, and community support, developers can deploy powerful dApps. Its native token is XLM and it’s the official medium of exchange within the Stellar ecosystem. It’s a good crypto to buy as developers can use it to create solutions for different user groups. The blockchain can power online payments that are secure, cheap, and can be finalized instantly.  It also has a network of global anchors which facilitates seamless exchange between crypto assets and fiat currencies. The anchor network comprises over 180 nations which can be leveraged for exchanging more than 20 assets. The network can be used for international payments and on and off-ramps. Developers and businesses can explore Stellar’s tokenization services. It can be used for creating and managing digital assets like stablecoins. Stellar has been able to drive global impact through its series of partnerships and initiatives. Recently, Yellow Card announced that it will introduce USDC on the Stellar blockchain. The move would boost the popularity of USDC, a stablecoin pegged to the US Dollar. Yellow Card is the biggest licensed stablecoin on/off ramp in Africa. The integration can pave the way for faster and easier transactions with cryptocurrencies. Experts claim that the availability of USDC on the Stellar network can drive crypto adoption in the African region. Issued by Circle, every USDC token is backed by a dollar which is maintained in reserves by regulated financial institutions.    Conclusion These five budget-friendly cryptocurrencies have busted the myth that one needs a big bank balance to explore cryptocurrencies. These tokens are among the top crypto coins that buyers can find in today’s market and have user-friendly interfaces that draw people from different backgrounds.  Tron and Stellar are considered developer-friendly tokens, but meme coins like Shiba Inu and Dogecoin reflect the innovative and quirky side of the crypto market. InQubeta is powering the future of AI innovation and has been included in analyst-recommended presales. These five cryptos can be added to build a well-balanced portfolio for the long term.  While the crypto market is an attractive space, users should always research a token before making a purchase. Due diligence can help them understand potential risks and make well-informed decisions. Visit InQubeta Presale  The post 5 Budget-Friendly Cryptos appeared first on BitcoinWorld.

3 days ago
CryptoPotato
CryptoPotato
followers

TL;DR Bitcoin experienced significant price fluctuations in the past few days, soaring to nearly $53,000 before dipping below $51,000, with predictions of future increases based on on-chain metrics and the upcoming halving. Ripple continues to fight the SEC over XRP’s classification as a security, getting partial court victories and expanding globally. Shiba Inu’s Shibarium achieved a milestone in total transactions, hinting at a potential price rally for SHIB. BTC’s Volatility Despite staying well above the $50K milestone, the price of the primary cryptocurrency has passed through severe turbulence as of late. It plateaued at around $51,500-$52,000 over the past weekend and the beginning of the week before taking the offensive and soaring to $53,000 on February 20. The multi-year peak was short-lived, and BTC dipped below $51,000 the following day. Currently, it trades at around $51,500. Several on-chain metrics and upcoming events, though, suggest that the asset’s valuation might soon chart new heights. BTC exchange netflow has been predominantly negative in the past seven days, showing a shift from centralized platforms to self-custody methods. Such a trend is considered bullish since it reduces the immediate selling pressure. Another factor worth noting is the approaching halving. The event takes place approximately every four years and reduces the rate at which new BTC is mined. Historically, the halving has been followed by a massive Bitcoin bull run and a resurgence of the entire cryptocurrency market. Those willing to dive deeper into the matter, feel free to take a look at our dedicated video below: What’s New Around Ripple? The company’s recent developments are related to its lawsuit against the US Securities and Exchange Commission (SEC).  Recall that the regulator sued Ripple in December 2020, accusing it of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP. For its part, the firm argues that its native token should not be classified as a security, thus standing aside the Commission’s jurisdiction. The trial between the entities is scheduled for April 23, with Ripple seemingly being the top dog after securing three vital (yet partial) court wins last year. The SEC also achieved a small victory, with Judge Sarah Netburn ordering the firm to disclose important financial records for 2022 and 2023 (as insisted by the watchdog). Most recently, Ripple had to provide essential data included in the remedies-related discovery phase. The company had until February 12 to do so but requested an extension of the deadline with an additional eight days. Besides its efforts in the legal field, Ripple has been working on a global expansion. Earlier this week, one of the biggest financial institutions in Egypt – the Commercial International Bank (CIB) – partnered with the company “to implement blockchain technology, enhancing the efficiency of cross-border payments.” Shiba Inu’s Progress Shiba Inu’s L2 scaling solution – Shibarium – continues to make waves, recently blasting through another milestone. As CryptoPotato reported on February 19, daily transactions on the network reached 3 million, whereas total transactions surpassed the 360 million level.  The feature went live in August last year, aiming to service the needs of the Shiba Inu ecosystem by lowering transaction fees and improving speed.  Some experts have claimed that Shibarium’s advancement could propel a SHIB price rally. Nonetheless, the meme coin has not performed so well as of late, with its value being down 3% on a weekly scale. The post Important Ripple v SEC Development, Bitcoin (BTC) Brief Price Spike, and More: Bits Recap Feb 22 appeared first on CryptoPotato.

4 days ago
Bitcoinleef
Bitcoinleef
followers

Former BitMEX CEO Arthur Hayes, in a recent interview with Coin Bureau, referred to Cardano as the “first aspiring Ethereum.”Moreover, he cast doubt on Cardano’s very relevance in the realm of digital currencies, stating that it “could be the first to become irrelevant.”Hayes kept up his critical analysis of the altcoin market as a whole, advising investors not to fall for projects that primarily serve to attract attention rather than provide real value.He emphasized the critical nature of differentiating authentic technological progress from smart marketing.Hayes warns investors navigating the altcoin landscape against submitting to an increase in projects that proclaim revolutionary advancements without substantial engineering or cryptographic accomplishments.“One should exercise a little caution when they become aware of excessive marketing targeting,” he suggested.The author utilized EOS as an illustration of how marketing can overshadow substance in the cryptocurrency industry, using well-known figures for global promotions.Hayes elaborated on the progression of investment products within the cryptocurrency sector, highlighting significant changes as well as variations in regulatory oversight and market reception throughout the years, with regard to Bitcoin ETFs.Simultaneously, he expressed disapproval of the recent authorization of Bitcoin ETFs, viewing it not as an advancement for financial liberty but rather as a means for conventional financial institutions to capitalize on the excitement surrounding cryptocurrencies. He stated, “BlackRock, Fidelity, and all the other significant asset managers earn fees from this trading product.”

4 days ago
Crypto
Stellar(XLM)

$0.11

-0.07%

Market Cap
3.12b
 

-0.07%

Volume (24h)
45.95m
 

1.48%

Released on 05 Aug 2014
Cointelegraph
Cointelegraph
followers

Ladan Stewart, an attorney who represented the United States Securities and Exchange Commission (SEC) in its enforcement case against Ripple, has joined a law firm that is often at the defense table for crypto companies. In a Feb. 21 announcement, law firm White & Case said Stewart had joined its practice as a partner in New York, citing her experience in crypto enforcement cases. She had helped litigate the commission’s case against Ripple, which was filed in December 2020, withdrawing as an attorney of record in January after “leaving the SEC’s employ.” “Ladan’s most recent role as the head of the SEC’s specialized crypto and cyber litigation unit is a significant asset given the heightened regulatory scrutiny of the crypto industry in recent years,” said Joel Cohen, White & Case’s head of global white collar practice. “Ladan is extraordinarily well positioned to counsel crypto industry players and defend them against regulatory or private actions.” The law firm has represented many crypto firms in some significant cases, including those involving the SEC. A White & Case partner represented provisional liquidators overseeing FTX’s operations in the Bahamas following the exchange’s collapse in November 2022, and attorneys have appeared for Celsius’ official creditor committee. White & Case partner Nicole Erb suggested that Stewart may be appearing on behalf of crypto firms, using “her vast experience at the forefront of the SEC’s Division of Enforcement” to advise clients under scrutiny by the commission. The possibility she may appear opposite former SEC colleagues in a crypto enforcement case highlighted concerns from lawmakers about former government officials moving into the digital asset industry. “I think it’s really important for crypto companies, and any companies that are interested in getting involved in crypto and fintech — whether they be issuers or tech companies or financial institutions — to be able to be advised by people who know how regulators like the SEC think about issues,” Stewart told Cointelegraph. “I actually think it’s a really positive thing when people spend time in government and then go back to the private sector because they can really share certain expertise and skill set that the private sector otherwise wouldn’t be privy to.” Related: Prosecutors call for hearing over lawyers representing Sam Bankman-Fried and Alex Mashinsky Stewart told Cointelegraph that while there was the potential for conflicts of interest, she expected to manage them. While at the SEC, Stewart handled litigation against Ripple, former FTX CEO Sam Bankman-Fried and Coinbase. She had served as counsel at the commission’s enforcement division for roughly eight years before joining White & Case.  The SEC has ongoing lawsuits against Binance, Kraken, Ripple, Coinbase and other firms involved in the digital asset space. Many have criticized the commission for taking a “regulation by enforcement” approach to crypto compared to traditional financial institutions. Magazine: Coinbase ‘is going to win’: MetaLawMan, X Hall of Flame

4 days ago
Crypto News
Crypto News
ECB Addresses Banking Industry’s Concerns on Digital Euro
6 days ago
Crypto Web3 Today
Crypto Web3 Today
followers

Mike Novogratz Predicts How Low Bitcoin (BTC) Price Can Plunge. In a Wednesday CNBC interview, Michael Novogratz, CEO of Galaxy Digital, predicted that the price of Bitcoin could potentially plunge to $42,000 in response to market dynamics or regulatory upheavals. "Could be some regulatory, you know, kerfuffle. Could just be the market got a little long, and you get people scared," he said. Yet, even as he laid out these numbers, his bullish sentiment on the crypto market's future was palpable. Institutional money is coming. Novogratz delved into the transformative impact of institutional adoption on the cryptocurrency landscape, particularly emphasizing the burgeoning ETF market. "Right? $42 trillion worth of wealth are managed by brokers. Baby boomers own most of the wealth in America, and getting their first easy access to Bitcoin... You're seeing it through ETFs, massive growth in a very short period of time in this whole ETF complex," he stated. This influx of institutional interest, according to Novogratz, not only validates the cryptocurrency space but also heralds a period of consolidation and eventual upswing. He added, "I don't think that's going to stop... I still see Bitcoin ending the year a lot higher." Regulatory challenges. Touching on the regulatory landscape, Novogratz shed light on the growing pains and eventual maturation of the crypto market as it seeks wider acceptance. The demand from clients for Bitcoin and other digital assets is pushing institutions to pivot, albeit cautiously. "There's an inevitability to it. Why? Because their customer is calling and pitching at them, saying, 'We want to buy Bitcoin with you,''' he explained, capturing the pressure financial advisers and platforms are under to incorporate crypto into their offerings. A bullish view. Looking forward, Novogratz sees a bright future for Bitcoin. The ongoing bull run will be fueled by both the macroeconomic environment and the ongoing adoption cycle, according to the crypto bull.

4 days ago
慢雾 SlowMist
慢雾 SlowMist
followers

With the start of the new year, the new version and upgrade of Slow Mist AML (https://aml.slowmist.com) is online. In the tide of the digital economy, money laundering crimes have become increasingly obscure, and have shown a trend of cross-regional, cross-industry, specialization and gang development. The ingenuity and concealment of criminal methods have posed severe challenges to anti-money laundering work. Due to the "information island" phenomenon, each institution can only rely on its own simple data for analysis, and it is difficult to accurately identify cross-institutional money laundering gangs. This undoubtedly brings greater difficulties to the tracking of digital assets. Based on this, SlowMist has fully upgraded and launched SlowMist AML (https://aml.slowmist.com), which is committed to better detecting the behavior of cybercriminals and further ensuring the security of user digital assets. While SlowMist AML ensures the security of digital assets, it also provides professional services in multiple fields: 1. Web3 industry: Promote industry compliance, help build trust, and protect companies from financial crimes; 2. Financial institutions: Help traditional financial institutions improve their anti-money laundering capabilities in the direction of cryptocurrency; 3. Regulatory units: Assist in formulating industry standards, establishing safe markets and maintaining financial stability; 4. Compliance department: Help discover and analyze financial risks on the chain and prevent cryptocurrency-related crimes. SlowMist has been deeply involved in the field of cryptocurrency anti-money laundering for many years, and has formed a complete and efficient solution covering the three aspects of compliance, investigation and audit, actively helping to build a healthy ecological environment for cryptocurrency

5 days ago
Todayq News
Todayq News
followers

Cardano (ADA) faced dismissal by Arthur Hayes. The ex-CEO of BitMEX called Cardaono a ‘wannabe Ethereum’ as he questioned its importance. In a recent discussion with Coin Bureau, Hayes called Cardano “the first wannabe Ethereum” and expressed doubt over the significance of this cryptocurrency in relation to digital money which could ever turn it into some first case of irrelevance. Hayes’ views on Cardano In the crypto universe, according to Hayes, substance should take priority over form. He warned investors against falling for projects with glossy marketing but no real technological advancement. According to Hayes many altcoin projects in the market promise revolution without having the necessary engineering or cryptographic accomplishments. According to Hayes, “When you detect that you’re being marketed to too heavily, that should give you a bit of pause.” EOS is an example that he used and global promotions featuring famous personalities overshadowed what investors saw as its essence. When the topic of Bitcoin ETFs came up, Hayes described how investment products in the crypto world have changed over time. He observed a number of major milestones and differences in regulatory treatment and market acceptance through the years. Nonetheless, he derided the recent approval of Bitcoin ETFs, arguing that it doesn’t bring financial freedom but is just another way for traditional financial institutions to make money from cryptocurrency mania. “It’s a trading product that makes fees for BlackRock and Fidelity and all the other major asset managers,” said Hayes. He called out all the ADA ‘believers’ Hayes was also not afraid to express himself on social media. Hayes even took to social media where he further criticized Cardano. On X, he put ADA supporters into question by asking them if they knew any heavily used dApps on the Cardano platform. In his tweet, which was sent to Charles Hoskinson appeared doubtful about Cardano’s utility when he commented “That’s why $ADA is dog shit.” For all you $ADA believers, what dAPP on this list originally launched on Cardano, or has a Cardano offering that is heavily used? From my very limited knowledge, looks like none of them do. That's why $ADA is dog shit. @IOHK_Charles pls educate me.Yachtzee pic.twitter.com/riQORI6Ipy — Arthur Hayes (@CryptoHayes) February 21, 2024 At the time of this writing, Cardano’s market condition has been highly volatile and currently, ADA is being sold at $0.5862, which shows a decrease of 6.94% in the last 24 hours. As with the cap, this has also decreased by 7.22% to around $20.79 billion. Nevertheless, ADA remains the eighth-largest digital currency by market capitalisation. From the perspective of trading volume, over the previous day, it has risen by 3.64%, which amounts to close to $716.1 million. It represents about 3.44% of ADA’s total cap on the marketplace. Get Premium Crypto Trading Signals from Real Crypto Analysts. Join our official Waiting List at todayq.com.

4 days ago
CryptoPotato
CryptoPotato
followers

TL;DR One of the largest banks in Egypt collaborates with Ripple for blockchain-based cross-border payments and enters the NFT space. Ripple supports global CBDC initiatives and partners with banks worldwide, focusing on sustainable and efficient blockchain solutions. The Latest Bank to Collaborate With Ripple One of the biggest banks in Egypt – Commercial International Bank (CIB) – teamed up with Ripple “to implement blockchain technology, enhancing the efficiency of cross-border payments.” The financial institution also hopped on the non-fungible token field, allowing customers to create unique and collectible NFTs. “This initiative establishes a digital token ecosystem for the tourism industry, streamlining payments and offering loyalty rewards to travelers,” the bank emphasized. The CIB’s leap into crypto coincides with the Egyptian government’s intentions to actively explore the potential of blockchain technology and harness it for “innovative advancements across diverse sectors.” This is the second major local financial institution to announce a partnership with the American company, with the National Bank of Egypt doing so in 2021. Ripple has been eyeing global expansion in the past few years due to the regulatory uncertainty in the US and the ongoing lawsuit against the United States Securities and Exchange Commission (SEC). Other financial institutions that have inked deals with the company over the years include Thailand’s oldest bank – Siam Commercial Bank (SCB), and Morocco’s Attijariwafa Bank. Ripple and CBDCs Ripple has also supported the efforts of several countries to launch a central bank digital currency (CBDC). In 2021, it collaborated with the Royal Monetary Authority (Bhutan’s central bank) to create a digital version of the ngultrum. The small land-locked country in the Himalayas is known to be the only carbon-negative nation across the globe. Ripple explained that the CBDC would double down on that policy: “Ripple’s commitment to sustainability was important for Bhutan. The CBDC solution is carbon-neutral and, because it’s based on the public XRP Ledger, is 120,000x more energy efficient than proof-of-work blockchains.” Another institution that picked Ripple to introduce a CBDC plot project is the National Bank of Georgia (NBG). James Wallis (VP of Central Bank Engagements at the company) claimed the solution could drive transformative progress in the country’s public sector. The post Ripple Inks an Important Deal With a Major Bank: Details appeared first on CryptoPotato.

5 days ago
Cryptopolitan
Cryptopolitan
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Right now, the largest U.S. banks are trying to make sense of the commercial real estate debt that has got them in a bit of a bind. Thanks to a recent surge in late payments tied to everything from office spaces to shopping malls, financial institutions JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley, are seeing their safety nets shrink faster than ice in a Mojito on a hot day. Clearly, gone are the days of lounging comfortably on reserves that looked more than adequate. The Creeping Concern of Commercial Debt Over the last year, it’s become apparent that these banks underestimated the appetite of commercial property debt for their loss reserves. Data from the Federal Deposit Insurance Corporation (FDIC) paints a rather stark picture: average reserves plummeted from $1.60 to 90 cents for every dollar of commercial real estate debt that’s been collecting dust for at least 30 days. The total tab for delinquent commercial property debt across these six banking giants nearly tripled, soaring to a staggering $9.3 billion. The U.S. Federal Reserve, with Michael Barr’s supervision, has been peering over the shoulders of these banks, scrutinizing their commercial real estate (CRE) lending practices with the kind of intensity usually reserved for a final exam proctor. The focus is razor-sharp on how the institutions report their risk, provision for potential future losses, and whether they’re stockpiling enough capital to weather the storm. Effects on U.S. Banking Sector However, this problem isn’t confined to just the big players. The entire U.S. banking sector is feeling the heat, with the value of delinquent loans tied to commercial properties more than doubling last year to a jaw-dropping $24.3 billion. The cushion to absorb these potential losses? Thinner than ever, with banks holding a mere $1.40 in reserves for every dollar of delinquent loans, marking the lowest cover in over seven years. Industry experts, like Bill Moreland from BankRegData, are ringing alarm bells, warning that the banking sector may need to significantly beef up its allowances for loan losses. The situation has grown so dire that New York Community Bank saw its market value halved after unveiling hundreds of millions in previously swept-under-the-rug potential losses in its commercial property loan portfolio. At the center of this are loan allowances, essentially the rainy day funds banks set aside to cover future losses. Banks have traditionally played a balancing act, juggling the need to provision for losses without taking a sledgehammer to their earnings. However, with the ghost of COVID-19 still haunting commercial properties, especially office spaces, some argue that relying on historical loss rates is like driving with the rearview mirror. Take it from João Granja, an accounting professor with a front-row seat to the drama at the University of Chicago’s Booth School of Business. He points out the elephant in the room: if commercial properties can’t drum up enough business to pay their debts, banks will have no choice but to foreclose. It’s a scenario that spells trouble, suggesting that banks need to stop living in the past and start preparing for a potentially rocky future. Bank executives, meanwhile, are putting on a brave face. They claim their reserves were pumped up more than necessary and are now being gradually deflated as delinquencies rise. But as delinquencies on loans tied to office and apartment buildings jump, and banks slash their loss reserves, it’s clear there’s a disconnect somewhere. With banks potentially staring down the barrel of up to $60 billion in losses from soured commercial real estate loans over the next five years, the current $31 billion in reserved losses seems like a drop in the ocean. Yet, in a hilarious plot twist, the U.S. economy appears to be sidestepping the recession everyone was bracing for in 2024. The Conference Board’s leading economic index suggests a slowdown but not a full stop. Despite a dip in January, the index’s mixed signals hint at an economy that’s stubbornly outperforming gloomier forecasts.

4 days ago
CoinFea
CoinFea
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Ripple’s Senior Vice President for Strategic Initiative, Eric van Miltenburg, shed light on the company’s unwavering commitment to revolutionizing cross-border payments, emphasizing that Ripple’s ambitions far exceed the immediate concerns of XRP’s market performance. Despite the cryptocurrency’s known price volatility, Ripple’s focus remains steadfast on its mission to streamline global financial transactions, leveraging XRP’s technological advantages to overcome existing liquidity challenges. XRP: A tool for financial evolution, not just an asset Van Miltenburg highlighted the critical role of XRP in Ripple’s ecosystem, praising its capacity for quick, cost-effective transactions. This functionality is key to Ripple’s strategy, aiming to enhance the efficiency of international money transfers. The company measures its success by the adoption rate of its technology among financial institutions, viewing this as a more significant indicator of progress than the fluctuating value of XRP. This approach reflects a deep-seated belief in the transformative potential of Ripple’s solutions for the global payment system. Ripple’s methodical sales of XRP holdings underscore its dual objectives: securing funding for continued innovation and improving the liquidity of the XRP market. Such strategic moves are designed to support the long-term viability and utility of XRP in facilitating seamless cross-border payments. By focusing on the ecosystem’s health and the practical application of its technology, Ripple aims to solidify its position as a leader in the financial technology sector. Conclusion: Ripple’s long-term vision shapes its path forward As voiced by Eric van Miltenburg, Ripple’s leadership distinguishes the company by its dedication to impacting the financial industry through technological innovation rather than by the speculative value of its digital assets. With strategic initiatives to enhance funding and liquidity, Ripple is poised to continue its journey toward redefining the global payments landscape, prioritizing the delivery of tangible benefits to the financial world over the vicissitudes of cryptocurrency markets. The post Ripple focuses on payment revolution, not XRP price swings first appeared on Coinfea.

5 days ago
Coinstages
Coinstages
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A recent forecast from CryptoBull (@CryltoBull2020), an XRP analyst, has sent ripples through the cryptocurrency community, sparking both excitement and skepticism. The bold prediction suggests a dramatic price surge for XRP, echoing patterns observed seven years ago. Under this scenario, XRP is projected to reach $2 by March, $6 by April, and a staggering $39 by May. However, reactions to this prediction are far from uniform. Some doubt this prediction outrightly, confidently stating that this surge will not happen, while some remain cautious, urging holders to exercise caution and consider profit-taking at the opportunity presents itself, as waiting for the surge to $39 could trap them in an unexpected bear market. Another user, while acknowledging the likelihood of a significant increase, believes the astronomical target might only be attainable in the longer term, setting 7 years as a potential target. Strategic Partnerships Fuel XRP Optimism Fueling the optimism are Ripple’s ongoing efforts to solidify its position in the cross-border payments arena. Ripple’s game-changing partnerships, such as the recent acquisition of Metaco and collaboration with HSBC, have increased the bullish sentiment surrounding XRP. Metaco’s strategic value lies in its ability to unlock multi-trillion-dollar markets. Its focus on tokenization, payment and liquidity integration, digital asset custody, and tokenized securities aligns perfectly with Ripple’s ambitions. Moreover, HSBC’s involvement in KYC processes ensures regulatory compliance, providing a secure foundation for Ripple’s expansion plans. After experiencing a protracted period of price stagnation, XRP holders are understandably hopeful that this might be the long-awaited turning point. Nevertheless, lingering anxieties persist regarding potential regulatory hurdles, despite XRP’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) nearing its end. Whether these concerns materialize as roadblocks or simply pave the way for a transformative ascent for XRP remains to be seen. Is an XRP Surge Coming? While the analyst’s prediction certainly paints a captivating picture, it’s crucial to approach it with a discerning eye. Historical comparisons, while offering valuable insights, do not guarantee absolute replication. Moreover, the cryptocurrency market remains inherently volatile, susceptible to external factors that can trigger unforeseen fluctuations. Ripple’s commitment to facilitating faster, cheaper, and more secure cross-border transactions holds significant potential to revolutionize the financial landscape. By collaborating with established institutions like HSBC and leveraging innovative solutions like Metaco, Ripple is laying the groundwork for a future where XRP plays a pivotal role in global commerce. Ripple is still reportedly committed to making XRP a global reserve currency, as seen by the absence of an XRP-backed stablecoin on the XRP Ledger (XRPL). With the firm’s advancements, CryptoBull’s predictions have become more likely to come true soon. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #XRP🚀

5 days ago
CoinFea
CoinFea
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Ashley Prosper, a prominent figure within the XRP community, recently provided valuable insights into the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). This case, which has captivated the attention of the cryptocurrency world, revolves around the SEC’s claim that Ripple engaged in the sale of unregistered securities through its distribution of XRP tokens. Prosper’s update sheds light on the critical phases of the lawsuit, particularly focusing on the discovery process related to remedies and the significant role Ripple’s financial records will play in the proceedings. According to Prosper, the discovery phase has been extended to February 20, a key date Ripple must comply with a court order to submit its financial details. These documents, crucial for the SEC’s argument for an injunction against Ripple’s future sales of XRP to institutions, are expected to be made public on March 13. This will occur when the SEC files its brief on the remedies, revealing Ripple’s audited financial statements for 2022 and 2023, along with information on institutional sales of XRP post-complaint. Anticipated timeline for case resolution The lawsuit’s timeline has been a subject of speculation within the cryptocurrency community. Prosper clarifies that a final judgment from Judge Analisa Torres will likely come later in the year, with the remedies schedule order indicating an April 29 deadline for the final remedies brief submission. A judgment could be expected between July and August, though delays could push the decision into the next year. Prosper also notes that an April resolution could only feasibly result from a settlement between Ripple and the SEC, a scenario that remains uncertain at this stage. Implications for Ripple and the cryptocurrency industry The Ripple vs. SEC lawsuit is more than a legal battle between two entities; it is a pivotal moment for the cryptocurrency industry at large. The outcome could set a precedent for how digital assets are regulated in the United States, making the case a bellwether for applying securities laws in the digital age. As the cryptocurrency community awaits the release of Ripple’s financial records and the final stages of the lawsuit, the implications for regulatory practices and the future of digital assets are significant. Prosper’s insights into the Ripple vs. SEC case provide a clearer picture of the expected timeline and the potential ramifications for Ripple, the XRP community, and the broader cryptocurrency market. As the legal proceedings advance, the industry looks on with keen interest, recognizing the case’s capacity to influence the regulatory landscape for years. The post Ripple lawsuit update: Key deadlines and insights revealed first appeared on Coinfea.

5 days ago
Coinstages
Coinstages
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The cryptocurrency community is abuzz with anticipation as XRP shows signs that point to a potential bull run in 2024. Amidst the excitement, experts call for a balanced approach, reminding investors of the unpredictable nature of the market. Recent market activities have caught the eye of investors worldwide. Notably, long-dormant whale wallets have shown signs of activity, and there’s been a noticeable uptick in capital inflows into XRP. These developments coincide with Ripple’s legal victories in its ongoing tussle with the SEC, further bolstering investor confidence. RSI and the Echoes of Past Rallies A pseudonymous crypto analyst known on X as Dark Defender has pointed out striking similarities between the current Relative Strength Index (RSI) charts for the BTC/XRP pair and those observed during the rallies of 2017 and 2021. In both instances, XRP experienced significant price surges. The patterns emerging today suggest that XRP could be on the cusp of another substantial increase, with some speculating a rise to the $2 mark. A Balanced View from TradingView Despite the optimistic signals from the RSI, TradingView offers a more tempered perspective. Its technical analysis reveals a mix of bullish and bearish signals, reflecting the crypto market’s inherent volatility. This serves as a reminder to investors about the importance of conducting comprehensive research before committing to investment decisions. Looking beyond the charts, XRP’s fundamental value proposition as a tool for cross-border payments in Ripple’s On-Demand Liquidity network is a significant factor in its long-term potential. Ripple’s recent partnerships with major financial institutions, including Santander and Standard Chartered, underscore XRP’s growing role in streamlining global financial transactions. The SEC Lawsuit: A Turning Point? The ongoing lawsuit with the SEC looms large over XRP, yet some see a silver lining. A resolution favorable to Ripple could provide much-needed regulatory clarity, potentially paving the way for broader institutional adoption and a positive shift in investor sentiment. Forecasting the trajectory of any cryptocurrency is fraught with challenges, and XRP is no exception. While some positive signs and developments suggest a bullish future, uncertainties remain. The overall health of the crypto market, evolving regulatory frameworks, and the outcome of the SEC lawsuit will all influence XRP’s path forward. Investors are encouraged to maintain a cautiously optimistic stance. It’s crucial to understand the technical indicators, underlying fundamentals, and the context of the broader market. As the potential for a 2024 bull run looms, diligent research and sound risk management are advised. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #XRP🚀

5 days ago

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