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In the midst of a market-wide pullback, XRP has demonstrated an unexpected degree of resilience, having posted smaller losses than many other leading digital assets. Despite worries that a crash below the crucial $2 support level could lead the price of the token to plummet, over the last 24 hours, XRP has only seen modest changes in price, amounting to a 0.03% loss. It seems that the bulls are having a relatively easy time keeping XRP above $2.30. At press time, the token was trading at $2.33, having marked a 10.22% gain since the start of the year. For the sake of comparison, Bitcoin (BTC) has marked a 12.27% loss in the same timeframe — while the S&P 500 benchmark index has shed 3.73% in value. Picks for you Top 3 commodities to invest in 2025 2 hours ago ...

Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. The asset’s incredible run during the 2021 bull run solidified its status as a “millionaire-maker.” Investors who got into the project in its early stages made massive returns with minimal investments. Also Read: Ripple: Will XRP Hit $2 In December 2024? Let’s take a look at one such example today. $1000 Worth Of Shiba Inu Becomes $31.7 Million Today Source – Token Metrics If you had invested $1000 worth of SHIB in August 2020, the investment would have been worth $31.7 million today. The rise in value would have translated to a growth of about 3,172,403.73% (3.17 million percent). Also Read: Walmart Stock a Buy at ATH: Can WMT Build on 72% Surge? Source: Changelly Shiba Inu (SHIB) hit an all-time high of $0.00008616 on Oct. 28, 2021. If you had sold your tokens when SHIB was at its peak, you would have made a whopping $103 million. In this scenario, your portfolio’s value would have risen by 10,303,317.81...

The chief executive of digital asset insights firm CryptoQuant says stablecoins are witnessing increased adoption via use-case expansion. CryptoQuant’s Ki Young Ju tells his 368,500 followers on the social media platform X that the total market cap of stablecoins is exploding for reasons other than digital asset trading on exchanges. The on-chain analyst’s data shows that only about one in five stablecoins are being used to buy and sell crypto. “In September 2021, exchange stablecoin reserves exceeded $30 billion. From this point, I considered the stablecoin market to be sufficiently grown, making comparisons from this time valid. Today, the stablecoin market cap is $166 billion, mainly used for storage or remittances, with only 21% held on exchanges (down from over 50% in 2021). The total stablecoin market cap is growing, but most of the new supply is used for purposes other than trading on exchanges.” Ki Young Ju notes that people acro...

Bitwise stated that this move will enable investors to access CME Ether futures within the widely embraced and regulated ETF framework. Bitwise Asset Management has revised its spot Bitcoin Exchange-Traded Fund (ETF) application and has confirmed that trading for two Ethereum-focused ETFs will commence on October 2, 2023. This decision comes after having amended its application for the spot Bitcoin ETF. The firm has revealed that trading is scheduled to commence for the Bitwise Ethereum Strategy ETF ($AETH) and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF ($BTOP). Bitwise stated that this move will enable investors to access CME Ether futures within the widely embraced and regulated ETF framework, marking a significant milestone. According to the firm's Chief Investment Officer, Matt Hougan, in a statement, he remarked, "Ethereum offers a more extensive portfolio opportunity compared to Bitcoin. Some investors view Ethereum as an alternative, while others perceive ...

The tokenization of real-world assets is going to be a dominant theme for the rest of this decade, but there are still some pain points left to resolve. “We’re so early” is one of the crypto sector’s best-known sayings, and when it comes to tokenizing real-world assets, it’s completely true. Bullish estimates from Boston Consulting Group predicted last year that the crypto sector could be a $16.1-trillion market by the end of the decade — a truly staggering figure. Analysts imagined a world where illiquid assets such as real estate, physical art and even exotic beverages were tokenized — opening up the door to fractional ownership. This could be a game changer, especially considering these are asset classes that have traditionally been inaccessible to broader audiences. The tokenization of global illiquid assets could potentially become a $16 trillion industry by 2030. This is Real World Asset (RWA) tokenization. And this will be the defining factor for the mass adoption of crypto. H...

The pending Grayscale ruling could impact the race for an approved spot Bitcoin exchange-traded fund. Grayscale Investments, which has been seeking to convert its Bitcoin (BTC) trust into a spot Bitcoin exchange-traded fund, could be getting a decision on its lawsuit against the federal securities regulator before the week’s end. In an Aug. 11 tweet, Scott Johnsson, a general partner of Van Buren Capital, explained that law clerks in the United States District Courts generally cycle out in August, pushing judges to clear out the caseload “before the new guard arrives.” He noted that 30 out of 32 cases in March of 2021 and 2022 were heard by United States District Courts within 160 days of oral testimony, which also landed them in August, adding that it has also been 160 days since Grayscale delivered its oral arguments in its suit against the United States Securities and Exchange Commission on March 7. March '21/'22 cases with decision s within 160 days of oral: 30/32 (94%) D...

Feature is envisaged in the project of national web browser, cherished by the Ministry of Electronics & Information Technology. The citizens of India might get an option to sign documents digitally through crypto tokens . Such feature is envisaged in the project of national web browser , cherished by the Ministry of Electronics & Information Technology (MeitY). On August 9 MeitY announced the launch of Indian web browser Development Challenge. The Ministry hopes to “inspire and empower” developers from all corners of the country to create an indigenous web browser withan inbuilt CCA India root certificate. According to the release: “Proposed browser would also focus on accessibility and user friendliness, ensuring built-in support for individuals with diverse abilities.” Emphasized separately is the ability to digitally sign documents using a crypto token , which would be embedded into the browser .  The competition will last three rounds — after the first one the scope of p...

Ripple is now among CNBC’s top companies, along with PayPal and Revolut, its exec Monica Long revealed. The CNBC ranking, developed in collaboration with research company Statista, encompasses the highest-performing fintech firms from various regions worldwide, including Asia, Africa, Europe, and North America. Extensive research involving over 1,500 businesses across nine different industries, evaluating metrics such as earnings, subscriber count, and capitalization, was conducted to ensure a transparent selection process. Ripple (XRP) was highlighted for its contributions to the digital payments sector, which has experienced growth with a staggering current capitalization of over $54 trillion. So proud of team @Ripple on making @CNBC’s inaugural World's Top Fintech Companies list. We’re one of only a handful of crypto companies honored – a feat we don’t take lightly. Thanks @Ryan_Browne_ for having me on to discuss our recent global momentum. https://t.co/jWEsr11jeM https:/...

Proprietary trading activities contributed heavily to the revenue increase. CoinShares, a manager of Bitcoin (BTC), Ether (ETH) and various altcoin crypto exchange-traded products (ETPs) in Europe, reported total revenue of 20.3 million pounds ($25.9 million) in Q2 2023, a 33% increase compared to the prior year's quarter. According to the Aug. 1 announcement, the firm's 25% year-over-year decline in asset management fees to 10.6 million pounds ($13.52 million) was offset by a 10 million pound ($12.76 million) gain in capital markets operations, such as trading. CoinShares' profits for the quarter were 5.3 million pounds ($6.76 million), compared to a loss of 0.6 million pounds ($0.77 million) in Q2 2022. The group's total asset s under management have remained steady at around 2.1 billion pounds ($2.68 billion). During the quarter, CoinShares implemented the "Ledger Lens" tool backed by an unnamed accounting firm allowing investors to verify the backing ...

The rock band Queen and big bank HSBC eye up the metaverse while Yuga Labs launched the next iteration of its NFT gaming saga. HSBC files metaverse and NFT patents British banking institution HSBC filed a series of metaverse and nonfungible token (NFT)-related trademark applications.  A June 12 filing to the United States Patent and Trademark Office (USPTO) show the bank’s trademarks including metaverse banking, consulting, and financial services, along with virtual credit cards that point to a potential launch of a metaverse bank branch and further virtual banking services. #HSBC continues its move into the #Metaverse! The company has filed a new trademark application covering: ️ Metaverse banking, consulting, financial services ️ Virtual credit cards ️ NFTs + NFT-backed media … and much, much more!#NFT #Crypto #Web3 #NFTs #DeFi pic.twitter.com/rb6UdA2Iq3 — Mike Kondoudis (@KondoudisLaw) June 19, 2023 HSBC also applied for trademarks relating to online marketplaces, spe...

The governor of Florida wants to defend people’s right to “do Bitcoin.” Florida Governor Ron DeSantis officially entered the United States presidential race on May 24.  During a Twitter broadcast hosted by venture capitalist David Sacks, DeSantis pledged to lead a “Great American Comeback,” provoking accusations of plagiarism from ex-President and fellow 2024 presidential candidate Donald Trump. Among topics like U.S. immigration policy and the supposed prevalence of “critical race theory,” DeSantis gave significant attention to cryptocurrency during his hour-long presentation. He promised to protect “the ability to do things like Bitcoin” and fight the “central planners” at Capitol Hill. Ron DeSantis on #Bitcoin: “I’ll protect the ability to do things like bitcoin. I don’t have an itch to control everything that people may be doing in this space.” pic.twitter.com/j4wRHZACK5 — Jane Adams (@iLoveJaneAdams) May 25, 2023 DeSantis’ stance on crypto has been fairly consistent over...

With a score of 17 out of 100, online interest in crypto has taken a big hit from its highest levels reached in May 2021. A two-month-long lull in cryptocurrency optimism has seen online search interest for “crypto” and other common cryptocurrency terms stumble down to late 2020 levels. According to data from Google Trends, the term “crypto” currently has a score of 17, which is well off its reference point of 100 in May 2021. Bitcoin (BTC) and Ethereum have followed a similar downward trajectory. However, search interest for these terms has been in a relatively consistent decline since May 2022, about a month after much of the Terra Luna ecosystem collapsed. A small spike in interest came in early November when the crypto exchange FTX collapsed. Search interest over time for the word "crypto" Source: Google Trends The fall in interest comes as Bitcoin (BTC) has held steady around $28,000 for 10 weeks now — something which Galaxy Digital CEO Mike Novogratz recently describ...

The International Monetary Fund projects 2.2% GDP growth and manageable debt, but warns of liquidity risks. The Central African Re public (CAR) has received optimism from the International Monetary Fund (IMF) one year since it adopt ed Bitcoin (BTC). The IMF’s positive outlook reflects the country’s economic prospects and the impact of embracing the leading cryptocurrency. The IMF published a report expressing a more positive view of the country’s economic prospects for 2023. The report indicates a projected rebound in real gross domestic product (GDP) growth to 2.2%, attributed to factors such as the base effect and policy adjustments leading to enhanced fuel supply. The IMF also anticipates an average inflation rate of 6.3% for 2023. According to the IMF document, the projected public debt of the CAR is expected to remain sustainable. However, the report highlights the presence of significant liquidity risks, as indicated by relevant debt indicators. These risks arise from poten...

To check an Ethereum transaction, use a blockchain explorer and enter the transaction hash to view details such as sender/receiver addresses and gas fees. A transaction on the Ethereum blockchain is technically initiated by an external account owner (not a contract). For example, if User A sends 1 Ether (ETH) to User B, the action of debiting from one account and crediting to another changes the blockchain’s state. The change specifically takes place on the Ethereum Virtual Machine (EVM). Ethereum transactions need to be broadcast to the entire network, and any node can broadcast a request for the execution of a transaction on the EVM. After broadcasting the request, a validator can then execute the transaction and propagate the state change to the whole network. Transaction fees are incurred during the process of validation, and each transaction must be included in a validated block. There are different types of transactions on the Ethereum network: Regular transactions: transactions...

Cointelegraph analyst and writer Marcel Pechman explains how Bitcoin could become a part of the $120-trillion mutual fund industry. The show Macro Markets, hosted by crypto analyst Marcel Pechman, which airs every Friday on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on day-to-day crypto activity. This week’s show starts by discussing the mutual fund industry , including the well-known BlackRock, Fidelity and Vanguard, and how the top 15 asset managers handle over $54 trillion. Can you believe it? That money could buy all the companies listed in the S&P 500 Index, plus all the gold, fiat bills and coins in circulation on the planet. Pechman explains how the $120 trillion managed by these mutual funds relies heavily on fixed income and why it remains their top bet despite paying below inflation for the past three years. Moreover, the show discusses how pas...

The crypto industry needs to prepare for increasing government pressure as it ramps up its challenge to the State monopoly over money, says ShapeShift CEO Erik Voorhees. Despite the unprecedented regulatory pressure that crypto has been facing recently in the United States, the fight between the American government and the crypto industry has just started, believes ShapeShift CEO Erik Voorhees.  According to the entrepreneur, U.S. authorities still don’t see crypto as an existential threat to the fiat system, and their recent crackdown is just an opportunistic reaction to last year's blowups of fraudulent crypto companies.  “They see it as sort of this scammy area where they can come in and look like the hero for cleaning up a mess,” Voorhees said in an exclusive interview with Cointelegraph. According to Voorhees, crypto needs to become mainstream before governments move against it fully. At that point, “it will be too late” for Government actors to crack down on crypto sin...

Michael Saylor, the co-founder of the Fortune 500 company, had maintained throughout the bear market that they would continue to invest in Bitcoin as they are confident in its fundamentals. Business intelligence and Fortune 500 company Micro strategy ’s Bitcoin (BTC) investment has turned green again as BTC broke past the critical resistance of around $29,000 to record a new 10-month high of $31,163. Microstrategy started investing in Bitcoin in the second quarter of 2020 when the BTC price was trading around $10,000. Since then, the business intelligence firm had made a series of BTC purchases over the period of two years. The firm has accumulated a total of 140,000 Bitcoin acquired for nearly $4.17 billion at an average price of $29,803 per BTC. MicroStrategy co-founder Michale Saylor introduced the Bitcoin strategy as a treasury hedging asset over the United States dollars. Apart from holding BTC personally and on the company’s balance sheet, Saylor also convinced several public...

The bank predicts the private equity market to become the most “tokenized” asset class because it is more liquid and can be fractionalized. Investment bank Citi is betting on the blockchain-based tokenization of real-world assets to become the next “killer use case” in crypto, with the firm forecasting the market to reach between $4 trillion to $5 trillion by 2030. That would mark an 80-fold increase from the current value of real-world assets locked on blockchains, Citi explained in its “Money, Tokens and Games” March report. “We forecast $4 trillion to $5 trillion of tokenized digital securities and $1 trillion of distributed ledger technology (DLT)-based trade finance volumes by 2030,” the firm's analysts said. Of the up to $5 trillion tokenized, the bank estimates $1.9 trillion will come in the form of debt, $1.5 trillion from real estate, $0.7 trillion from private equity and venture capital and between $0.5-1 trillion from securities. Blockchain-based tokenization total ...