Category: Crypto

TL;DR According to Google data, Ripple’s native token has recently enjoyed a rise in worldwide interest, in addition to charting double-digit weekly price gains. The ongoing legal battle between Ripple and the SEC may be nearing a resolution, with some experts predicting a settlement before the end of the summer. XRP’s Achievement Ripple’s XRP has been making the headlines lately due to its price appreciation in the past week or so. It spiked to a nearly four-month high of over $0.63 on July 18 before retracing to the current $0.60.…

United States Vice President Kamala Harris has passed the threshold of support needed from delegates that would clinch her the Democratic presidential nomination. Harris has now secured pledges from 2,668 delegates at the time of publication, according to an unofficial Associated Press Democratic Delegate survey. The results position her as the likely candidate from the Democratic Party to run against Republican nominee Donald Trump. The delegates that have thrown their preliminary support behind Harris will still need to formalize their votes in the coming weeks and are expected to designate…

Investment in digital asset products continued to rise, with inflows reaching $1.35 billion last week, totaling $3.2 billion over the past three weeks. Trading volumes for Exchange Traded Products (ETPs) also saw a significant increase, up 45% week-over-week to $12.9 billion. However, this accounted for a lower-than-usual 22% of the overall crypto market volumes. Bitcoin Sees Inflows Amid Strong Market Sentiment According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report, Bitcoin experienced $1.27 billion in inflows last week. In contrast, short-bitcoin ETPs saw additional outflows of…

Cory Klippsten, the CEO of financial services firm Swan Bitcoin, announced the company would be scrapping its plans for an initial public offering “in the near future” following a shutdown of its mining operations. In a July 22 X post, Klippsten announced a staff reduction and said the firm was “unlikely to continue with [its] Managed Mining business in the near term.” The CEO said that, without revenue from the mining arm, the company expected to halt its plans for an IPO. “Swan is pulling back from our accelerated spending…

WazirX has increased its White Hat recovery reward by 10%, which is now worth $23 million. This move follows a severe cyber attack that resulted in the theft of over $230 million from a multi-signature wallet. WazirX Increases Bounty Reward As a way to recover funds, the exchange announced a Bounty Program, calling on global participation from white hat hackers, cybersecurity specialists, and blockchain analysts. Initially, they set the bounty at 5%, amounting to $11.5 million. Later, based on popular blockchain investigator ZachXBT’s feedback, they increased it to 10%. Based…

The Monetary Authority of Singapore (MAS) committed 100 million Singapore dollars ($74.36 million) to beef up its finance sector’s quantum computing and artificial intelligence capabilities. The latest fund injection by MAS, the central bank and financial regulatory authority of Singapore, is aimed at helping local financial institutions establish quantum computing infrastructure and speed up AI development and adoption. Source: The Monetary Authority of Singapore Singapore’s pursuit to become a fintech hub MAS introduced the Financial Sector Technology and Innovation Scheme (FSTI 3.0) in 2022 to strengthen Singapore’s position as a…

Leading crypto exchange Kraken has inked a partnership with one of England’s most iconic football clubs, Tottenham Hotspur. According to the official announcement, the alliance has made Kraken the crypto, web3, and the official sleeve partner for Tottenham Hotspur’s men’s and women’s teams ahead of the 2024/2025 football season. Kraken Partners With Tottenham Hotspur Kraken said it shares a vision with Tottenham Hotspur on how to leverage cutting-edge technologies like the blockchain to enhance clients’ and fans’ experiences. Both entities will channel their resources toward advancing football fans’ understanding of…

Australian stablecoin payments startup Stables has announced its expansion to Europe and the United Kingdom in partnership with Mastercard, which co-founder Bernado Billota says indicates a wider trend of the dollar-pegged assets breaking into the mainstream.  Speaking to Cointelegraph, Bilotta said the expansion marked an important step for his firm, noting an increase in the size of the total addressable market of new customers in Europe, which he said was roughly twenty times the size of Australia. The new partnership will allow Stables users to make purchases with Circle’s USD…

This article represents the opinion of the author and is not to be construed as financial advice. Ripple’s XRP may be one of the most undervalued currencies in the blue-chip blockchain economy. That’s due to XRP’s legal success against the SEC and its product development. Could XRP price be gearing up for a moonshot bull run sometime in Q3? Very Bullish XRP Price Prediction XRP price analyst Egrag Crypto raised the staggering specter of a $17 XRP price sometime in the near future if Ripple bulls beat key resistance at $1…

In a landmark achievement, US Bitcoin spot exchange-traded funds (ETFs) have cumulatively netted over $17 billion in inflows, setting a new record. According to data monitored by Farside Investors, the net inflows were driven primarily by BlackRock’s IBIT, which alone accumulated $18.968 billion. Fidelity’s FBTC also contributed significantly, with net inflows of $9.962 billion. Record-breaking net inflows Conversely, Grayscale’s GBTC experienced a substantial net outflow of $18.694 billion, highlighting a shifting preference among investors. On July 17, the 11 US spot Bitcoin (BTC) ETFs recorded a total daily net inflow…