The latest predictions from a crypto analyst are pointing towards a significant price breakout for XRP, the native token of the XRP Ledger. Despite the lackluster performance of XRP in recent times, the analyst believes that this cryptocurrency has the potential to skyrocket by as much as 42,263%, reaching an impressive price target of $280
India-based crypto exchange WazirX recently announced that it will be gradually allowing its users to withdraw fiat currency, following a cyberattack that occurred on July 18. The hack led to the theft of a substantial amount of ERC-20 tokens, valued at over $235 million at the time. This unfortunate event resulted in the suspension of
Recent reports have surfaced indicating that Russia is considering the creation of two cryptocurrency exchanges to facilitate foreign economic activities. These proposed exchanges, expected to be situated in Moscow and St. Petersburg, are intended to serve as pivotal points for international trade. According to Mikhail Uspensky, a member of the State Duma’s legislative committee on
The DeFi Education Fund and the Blockchain Association have recently filed an amicus brief supporting a legal challenge against the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT). The brief highlighted significant privacy and security concerns, particularly for participants in the digital asset market. The CAT, which has been operational since April, represents the
In a recent development, a US federal judge has denied crypto exchange Kraken’s request to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC) over allegations of operating an unregistered securities exchange. This decision comes after Kraken had filed a motion to dismiss the case that was initially brought by the SEC in
The XRP price has been a focal point of interest in the cryptocurrency market recently, with many investors closely watching its movements. The price of XRP recently broke through the psychological barrier of $0.60, sparking both optimism and skepticism among market participants. While some analysts are predicting a bullish trajectory for XRP, others remain bearish
The month of August has been tumultuous for Bitcoin investors, with the cryptocurrency experiencing significant price fluctuations. Despite starting on a positive note, the Bitcoin price saw multiple crashes throughout the month, leading to a decline from its initial value. The first week of August alone saw a 30% crash in the BTC price, causing
Recent reports from local media sources have indicated that the Indian government is gearing up to introduce comprehensive regulations for the cryptocurrency sector. The first step in this plan involves the release of a consultation paper in the upcoming weeks to gather feedback from various stakeholders. This initiative underscores the government’s commitment to creating a
The Ethereum price is currently consolidating above the $2,550 resistance level. Despite attempts to break above the $2,650 resistance zone, ETH has struggled to gain significant bullish momentum. The price is currently trading above $2,600 and the 100-hourly Simple Moving Average, indicating a certain level of stability in the market. A short-term contracting triangle is
Coinbase recently announced its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). The exchange detailed that it would start migrating the Polygon ticker from MATIC to POL on Aug. 26. Coinbase plans to complete the migration on behalf of users in the coming