In recent months, XRP, the digital asset associated with Ripple Labs, has captured the interest of investors and analysts alike. The cryptocurrency market is known for its volatility and unpredictability, but certain indicators suggest a bullish trend for XRP. This article delves into the predictions surrounding its future performance and the driving factors that might
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The cryptocurrency market, particularly Bitcoin, has recently shown signs of heightened retail demand, especially at the notable $100,000 mark. This interest indicates a broader confidence among investors, yet lurking beneath this enthusiasm is a concerning trend driven primarily by short-term holders. As the market inches toward or even breaches this psychological price barrier, the dynamics
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The landscape for cryptocurrency custody services in the United States has taken a substantial turn following the introduction of the SEC’s Staff Accounting Bulletin (SAB) 122. This new policy replaces the contentious SAB 121, initially implemented during the tenure of former SEC Chair Gary Gensler. By reassessing and modifying how financial institutions handle crypto custody
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In a significant development within the cryptocurrency landscape, OKX has recently announced its pre-authorization license under the Markets in Crypto-Assets Regulation (MiCA) framework as of January 23. This move marks a proactive step towards establishing OKX’s presence in the European Economic Area (EEA) via its operations in Malta. With a user base exceeding 400 million,
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In a shocking turn of events, Singapore-based cryptocurrency exchange Phemex announced the temporary suspension of withdrawals due to a security breach that saw approximately $37 million siphoned from one of its hot wallets. This proactive decision, made on January 23, aims to fortify wallet security and conduct an urgent assessment of the breach. Phemex swiftly
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In a significant move for the cryptocurrency sector, Senator Cynthia Lummis (R-Wyo.) has been appointed as the inaugural chair of the Senate Banking Subcommittee on Digital Assets. This announcement, made on January 23, marks a pivotal point in the U.S. government’s approach to blockchain technology and cryptocurrencies. Under the leadership of Senate Banking Committee Chair
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