Ailing stock markets continue to impact crypto prices and technical analysis suggests BTC is at risk of falling below its recent $25,500 low.
BTC and most altcoins are facing strong selling at the top of each rally, but the short-term downside could be limited since Bitcoin bulls keep buying each dip.
Ripple (XRP) rallied to $0.439217 Friday from $0.377384 on Thursday in the face of an ongoing Securities and Exchange Commission lawsuit following the comments of William Hinman, former SEC Corporate Finance director.
Suggested Reading | Crypto Analyst…
Traders are hopeful that Bitcoin can stage a relief rally within the $30,000 to $35,000 range, but selling at resistance could still keep BTC and altcoins in a strong bear trend.
The implosion of the Terra ecosystem appears to be manifesting contagion that is negatively impacting Bitcoin and altcoins.
BTC and many altcoins are fast approaching the “capitulation phase,” which is typically followed by the market finding a bottom.
The development marks the first time XRP digital currency will be used on a cross-border Japanese e-commerce site.
On May 4, the product comparison platform finder․com published a ripple price prediction report that polls 36 fintech specialists. According to findings stemming from the participating panelists, ripple could jump to $2.55 per unit by December 2022. However, the prediction relies on Ripple Labs winning or settling its lawsuit with the U.S. Securities and Exchange […]
Bitcoin and most altcoins could remain volatile in the short-term due to the Fed’s decision, warranting caution from traders.
Banco Galicia, one of the largest financial institutions in Argentina, has introduced cryptocurrency trading as part of the services it is currently offering to customers. Users interested in investing in cryptocurrency are already able to purchase four different crypto assets directly from the home banking app of the financial institution, making it reportedly the first […]
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the most bullish cryptocurrencies at the moment.
XRP price shoots 6% over the past 24 hours despite suffering a slump of 28% on April 16. The crypto was able to bounce back on May 1 and get stronger by the day with a surge of 12%.
XRP is set on its road to recovery in the coming weeks.
The United States Securities and Exchange Commission (SEC) is unwilling to produce documents that show its former finance director, William Hinman, stated that Bitcoin and Ethereum were not securities, according to a tweet from James Filan, a lawyer representing Ripple.
The post SEC looks to prevent Ripple from getting vital document about its case appeared first on CryptoSlate.
BTC and altcoins are holding at their current support levels, but this week’s comments from the Federal Reserve could be a determining factor in short-term price action.
The bounce-back move has occurred near a technical support confluence, raising XRP’s possibility to rise 30% in Q2/2022.
Bitcoin’s inability to hold above $40,000 has traders now targeting extreme lows in the $25,000 zone, a move that would be absolutely deadly for most altcoins.
BTC and select altcoins could be gearing up for an oversold move, but traders beware, it’s likely to be a dead cat bounce.
One of largest VC deals so far in Q1 2022 went to Miami-Based Yuga Labs with its $450 million seed funding round led by Andreessen Horowitz.
Bitcoin and select altcoins are attempting a recovery, but the most likely outcome of any breakout is strong selling at higher levels.
A descending triangle breakdown coupled with XRP’s correlation with Bitcoin can put downward pressure on price.
Executives of Ripple Labs and the US Securities and Exchange Commission have agreed to prolong the timeline of their lawsuit and postpone court proceedings until the end of 2022, implying that their legal standoff would likely last well into next year….
Ripple, the cryptocurrency and payments company, has issued an article examining the opportunities that Latam brings for crypto companies as its regulated payments rails come to crypto. While the region faces some obstacles due to its economic traits and the dominance of centralized banks, the organization believes there is a lucrative opening for companies partnering […]
Bitcoin and altcoins continue to bounce off underlying support areas, raising the chance that a sharp down-side move could occur.
Headlines and deep dives on the staggering levels of crypto energy consumption — among some blockchains in particular — have put the industry under a spotlight. As crypto continues to become more mainstream and new applications utilizing this technology gain popularity, crypto’s carbon footprint threatens to continue accelerating. The question of cryptocurrency’s environmental impact has … Continued
BTC and altcoins remain stuck within a tight range, suggesting that the sideways trading could continue in the short-term.
Across Latin America, a fragmented payments landscape has resulted in low interoperability, often leading to high fees for both senders and receivers of payments. Regulators in the region are working — with varying progress and approaches — to enable real-time payment options that foster greater interoperability, increase financial inclusion, generate revenue for banks and businesses … Continued
The post LATAM: Low Interoperability Highlights Crypto’s Big Potential appeared first on Ripple.
As one of the most influential people in the crypto space, the CEO of Ripple says he owns Bitcoin and other cryptocurrencies. But to him, only promoting Bitcoin will stop industry growth. As a result, the crypto industry could potentially lose millions for miners with less incentive than before if nothing changes soon. At the CNBC event, Brad Garlinghouse, CEO and founder of Ripple, recently said that the tribalism around Bitcoin and other digital currencies has been holding back the industry’s growth. Related Reading | Could Netflix Tumble Down The Crypto Market? “It is not good when people in the cryptocurrency space are divided into tribes,” said Garlinghouse at a CNBC-hosted fireside chat last week at the Paris Blockchain Week Summit, in an interview that was published today on CNBC. When asked about his thoughts on XRP, Garlinghouse shared that he is indeed invested in other notable digital currencies such as Bitcoin and Ethereum — despite being charged by the SEC for playing an integral role in the $1.3 billion sales of unregistered securities offerings. Garlinghouse said, “I own bitcoin, I own Ether, I own some others. I am an absolute believer that this industry is going to continue to thrive.” “All boats can rise,” says Garlinghouse. “Adopting other digital currencies, we see this as an opportunity for growth and adoption outside of XRP.” Ripple CEO On Industry Growth When asked about investors who have devoted their funds exclusively to bitcoin, Garlinghouse did not mention any names. Still, people in the cryptocurrency industry focus on just one coin. He said; Tribalism around bitcoin and other cryptocurrencies is holding back the entire $2 trillion market. One most prominent example of Bitcoin tribalism is Jack Dorsey, the former Twitter CEO and founder of Square Inc. He has publicly declared support for Bitcoin on several occasions. In addition, he recently sponsored research to foster its development as an asset class to make it more accessible in society. Earlier this year, Dorsey said that he is a Bitcoin maximalist. As a result, he doesn’t plan on adopting any other cryptocurrency soon, including Ethereum. Another example of a Bitcoin tribalist is Michael Saylor, the CEO of MicroStrategy. He has converted a vast percentage of company reserve cash into Bitcoin. Related Reading | Bitcoin Bounces Back Past $40,000, But May Struggle To Maintain Position The company is a major player in the crypto market, with its holdings totaling over 129,000 Bitcoins. Garlinhouse said the problem with this maximalism is that it has frustrated efforts to lobby U.S. lawmakers. Most representatives would mainly agitate for the cryptocurrency they own rather than taking an interest in what’s best for everyone else. Garlinghouse added; The lack of coordination in Washington, D.C., amongst the crypto industry, I find it to be shocking. Featured image from Pixabay, chart from Tradingview.com
Bitcoin and select altcoins slipped below their immediate support levels, opening the door for further downside.
Ripple rejoices, the SEC gets challenged to a narrative battle and Brazil moves ahead with crypto legislation.
Technical charts indicate that Bitcoin, XRP, LINK, BCH and FIL may be on the verge of a sharp breakout, but traders are unsure of the direction.
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP “has gone exceedingly well.” He stressed: “This case is important, not just for Ripple, it’s important for the entire crypto industry in the United States.” Ripple’s CEO Comments on SEC […]
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP “has gone exceedingly well.” He stressed: “This case is important, not just for Ripple, it’s important for the entire crypto industry in the United States.” Ripple’s CEO Comments on SEC […]
The event included commentary from CZ, Brad Garlinghouse and Paolo Ardoino on topics of crypto regulation, the SEC lawsuit and European nations adopting digital assets.
In an interview with CNBC, Ripple CEO Brad Garlinghouse revealed to feels optimistic about the company’s future and its legal battle. The payment solution company was sued by the U.S. Securities And Exchange Commission (SEC) in 2019 for the alleged illegal sales of a security, XRP. Related Reading | Price Analysis: Where’s XRP Headed After Ripple’s Big Win Initially, the battle was expected to be an easy win for the regulators. This had a negative impact on the price of XRP, the cryptocurrency that powers the XRP Ledger, and some of the products from the payment company. However, Ripple has been using its resources and appears to be turning the table in its favor. In court, the payment solution company has presented evidence that claims the SEC was made aware of XRP, and Ripple’s business model with the cryptocurrency using a product called Ripple Network. The evidence goes as back as 2013 and includes documents that suggest the SEC failed to provide clarity over the digital asset’s classification as a security. According to legal experts, the evidence could demonstrate to the court that Ripple was actively seeking to remain compliant with U.S. securities law. In that sense, Garlinghouse told CNBC the following on his perception of the status of the case: The lawsuit has gone exceedingly well, and much better than I could have hoped when it began about 15 months ago. But the wheels of justice move slowly. Other evidence has come to light that could continue to favor Ripple. As highlighted by CNBC, the judge handling the case ruled against the SEC editing emails about how it has treated XRP and other cryptocurrencies, including Ethereum. The second crypto by market cap, there are currently no standing cases against it as it is not deemed a security. If Ripple can successfully argue that XRP and ETH operate as decentralized cryptocurrencies, could score a win in its legal pursuit. Ripple Touched Bottom, Only Up From Here? Despite the legal battle, Ripple has not seen a slowdown in its operations. According to its CEO, the company is “already operating in the worst-case scenario”, but registers “record growth” outside of the United States. On the other hand, the XRP token records a 7% profit in the last 24-hours potentially as a reaction to Garlinghouse’s statements. The market seems to be positively pricing any development around the legal case with the SEC, but the macro-economic outlook still seems unfavorable for risk-on assets. On higher timeframes, the token still trends to the downside far from its $2 high in 2021. A positive conclusion of the case could send XRP to those highs. Related Reading | Ripple Vs. SEC: XRP Showing Strength In The Legal Fight As New Evidence Arises Garlinghouse added the following on the importance of Ripple’s case for the crypto industry: This case is important, not just for Ripple; it’s important for the entire crypto industry in the United States. It would really be negative for crypto in the United States (…). If you determine XRP as a security of Ripple, we have to know every person that owns XRP. That’s an SEC requirement. You have to know all of your shareholders. It’s not possible.
Bitcoin and altcoins continue to face selling at higher levels, indicating that the bears are not willing to let go of their advantage.
During what can be described as a choppy trading session, it was XRP which was one of the most notable gainers, climbing to a one-week high. While ripple rose, NEAR was once again lower, falling by as much as 10% on Friday. XRP While crypto markets were mainly in the red, XRP was one of […]
Ripple CEO Brad Garlinghouse told attendees of the Paris Blockchain Week that the ongoing case with the SEC is going exceedingly well.
Bitcoin and altcoins are attempting a recovery, but the bulls are likely to encounter stiff resistance at higher levels.
XRP risks plunging to $0.50 in April as it breaks out of a classic bearish continuation structure.
BTC and altcoins broke below their lower support levels, signaling that further downside is the most likely short-term outcome.
The strength in the U.S. dollar may keep Bitcoin and select altcoins under pressure in the short term.
Non-Fungible Tokens, or NFTs, are creating tremendous opportunities for creators and collectors of art, memorabilia, and other digital assets. Since the initial launch of Ripple’s Creator Fund, we have seen incredible momentum and exciting NFT use cases come to life on the XRP Ledger (XRPL). Creators like Justin Bua, xPunks, and Sebring Revolution continue to … Continued
The post For the Love of NFTs: VSA Partners and Rare Air Media Bring Jordan NFTs to the XRPL appeared first on Ripple.
BTC and select altcoins dropped far below their strong support levels, a clear sign that the recent bullish momentum has weakened.
In our recent survey of over 1,600 financial leaders across 22 countries, we uncovered some pretty astounding insights: A whopping 85% of payment leaders at financial institutions globally think their country will launch a digital currency in the next four years. If these last two years in a pandemic have taught us anything, it’s that … Continued
The post CBDCs: From the “Hype” to the “How” of Making Financial Inclusion a Reality – Part 2 appeared first on Ripple.
Panelists who spoke at NFT LA shared their thoughts on Web3, innovative use cases and the future of nonfungible tokens.
BTC and altcoins are dropping to retest lower support levels and bulls have yet to buy into the current dip.
This is huge! Kraken now supports Lightning Network deposits and withdrawals. The suddenly popular second Layer protocol keeps growing and gaining importance. “Finally, traders have an instant and inexpensive way to move bitcoin on and off the platform,” Kraken said in their official announcement. The Lightning Network is much more than that, though. What will happen once Kraken’s extensive clientele tries out Lightning transactions? Will the phenomenal experience change the way they see bitcoin? The second layer solution can process millions of transactions per second and all operations cost pennies and offer final settlement. There are also privacy gains in using it. The huge innovation, though, is the cash-like experience. The Kraken integration comes with a Lightning node of their own. The company used LND by Lightning Labs to implement the node. The reason is that “they have the largest user base and we have a lot of people on the network that have lots of experience with LND. So it has proven to be easy to use and very reliable as well.” That’s according to Kraken’s bitcoin product manager, Pierre Rochard, who also said to Bitcoin Magazine: “Adoption is going to come from people who have fiat in their bank account, and they need to get it into Bitcoin. Kraken is providing an excellent venue for them to do that, and then they can top up their mobile Lightning wallet and use it as a medium of exchange. That’s clearly the next step in terms of Bitcoin’s evolution.” Designed with this and the cash-like experience in mind, Kraken limits deposits and withdrawals to 0.1 BTC. BTC price chart for 04/02/2022 on Binance | Source: BTC/USD on TradingView.com Kraken Announced Lightning Network Integration In 2020 Even though this looks like it magically happened, the integration had been in the works for a while. In 2020, Kraken stated its intentions: “In 2021, we are committed to hiring a team to focus specifically on the Lightning Network, as part of our continuing effort to deliver the best possible experience for traders and investors. We expect to allow clients to withdraw and deposit Bitcoin on Lightning in the first half of 2021, which will allow clients to move their Bitcoin instantly and with the lowest fees.” It took a while, but it’s finally here. Market-wise, will this move the needle in favor of bitcoin? Will the world even notice? According to this list, Kraken became the 23rd exchange to support the Lightning Network. Among the giant ones that are onboard are Bitfinex, OKEx, OKcoin, BitMex, and Bitstamp. Among the up-and-coming ones, BullBitcoin, Buda, CoinCorner, Kollider, and Boltz. This also means, that you’re able to instantly move the lightning payment you received to @krakenfx to exchange it for fiat, basically reducing the currency exchange risk to zero.This completely changes the dynamic for fiat brick and mortar stores.https://t.co/bpNzKC7ZDL — zero fee routing ⚡ (@zerofeerouting) March 31, 2022 And, since we’re on lists, in their announcement Kraken provided Lightning wallet recommendations: “For example, BTCPay Server enables Lightning payments for merchants, greatly improving the bitcoin checkout flow. For consumers, Breez, Phoenix and Muun bring Lightning to mobile with a modern user experience.” As to the importance of the move for markets and business, a pseudonymous Lightning node operator that goes by “zero fee routing” puts everything in perspective. “This also means, that you’re able to instantly move the lightning payment you received to Kraken to exchange it for fiat, basically reducing the currency exchange risk to zero. This completely changes the dynamic for fiat brick and mortar stores.” Attacking The ESG FUD Head On The increase in Lightning Network adoption also brings a great opportunity with it. The community could clean up the disgusting ESG-based narrative enemies of bitcoin have been planting in mainstream media. Regarding this, in the already quoted interview Kraken’s Pierre Rochard said: “With Lightning, you can send a payment off-chain that is much more energy efficient, not only because you’re not adding the miner fees, and thus the amount of electricity consumption by miners, but also because that payment only has to be stored and shared by the two parties in that channel.” Do Greenpeace and Ripple not know that most bitcoin transactions are going to be off-chain in a few years? Do they not know that the Lightning Network alone will take bitcoin out of the conversation its enemies have been carefully manufacturing? Kraken certainly knows. And took action. Speaking about Kraken, its CEO Jess Powell has been present on the news lately. He recommended buying bitcoin below $40K. During the Canadian crisis, he recommended bitcoiners to take their funds out of centralized exchanges. And he refused to voluntarily ban Russian users, providing a convincing rationale to justify Kraken’s actions. Featured Image by Ferhat Deniz Fors on Unsplash | Charts by TradingView
Bulls set their targets on new highs now that the brief consolidation phase in BTC and altcoins appears to have ended.
We recently surveyed over 1,600 financial leaders across 22 countries and discovered that 37% of senior financial institution executives around the globe consider both “financial inclusion” and “greater access to credit” as the largest potential breakthroughs for Central Bank Digital Currencies (CBDCs). This echoes the stated goals of many countries and central banks that are … Continued
The post CBDCs: From the “Hype” to the “How” of Making Financial Inclusion a Reality – Part 1 appeared first on Ripple.
BTC and altcoins could enter a short consolidation phase before retesting their breakout levels, a sign that the current price action could be a buying opportunity.
Bitcoin and select altcoins are showing signs of starting a new uptrend, indicating that the sentiment may have turned from selling on rallies to buying on dips.
It’s March Madness. Three weeks, 136 teams, and two college basketball championships. While there is no shortage of talent and promise on the court, it’s often the proven programs with the most experienced, seasoned coaches and practiced players that are the odds-on favorites. The same is true in crypto. There is a lot of hype … Continued
BTC and most major altcoins could witness a minor dip to retest lower support levels, but the overall trajectory appears to now favor bulls.
For many of us in the industry, it comes as no surprise that tech and finance are heavily male-dominated. Many fintechs are intersecting with blockchain and crypto — two other predominantly male spaces — which further widens the gap. But women in blockchain have persevered and are paving the way for future generations to confidently … Continued
The post Women in Blockchain: Emi Yoshikawa’s Global Influence appeared first on Ripple.
Bitcoin and most major altcoins remain close to their overhead resistance levels, indicating the possibility of more upside.
Crypto Consumers Drive Supply and Demand For Businesses
The post How Businesses Can Meet Rising Consumer Demand for Crypto appeared first on Ripple.
Bitcoin and most major altcoins are attempting to sustain above their immediate support levels, signaling a possible change in the short-term trend.
Select altcoins are outperforming the market despite Bitcoin struggling to sustain the higher levels.
In this edition of The Ripple Drop, we take a deep dive into liquidity. RippleNet General Manager Asheesh Birla joins us to explain how crypto liquidity works, why it’s important, and the roles On-Demand Liquidity and Ripple Liquidity Hub will play in driving its growth. Rising Crypto Liquidity Asheesh tracks the growth in crypto liquidity … Continued
The post The Ripple Drop: Growing Crypto Liquidity, Banner Year for RippleNet and Ripple Liquidity Hub appeared first on Ripple.
The first two waves of the XRPL grant have offered $6 million in funding to 50 open source projects built on the XRP ledger.
It’s been an exciting and fast start to the year here at Ripple. From welcoming many new team members, to launching our annual Crypto Trends report, to seeing exciting momentum with the Creator Fund. We hit the ground running at the start of 2022 with no plans of slowing down. Equally as exciting is the … Continued
The post Ripple Welcomes Michael Warren to Board of Directors appeared first on Ripple.
Bitcoin and select altcoins have broken above their immediate resistance levels, indicating the start of a relief rally.
Ripple’s latest victory pushed XRP on the bullish trajectory in the past 24 hours. The federal judge ruled that Ripple could push for fair notice as it is completely entitled to do so. This meant that Ripple’s central arguments against the U.S Securities and Exchange were validated by the court in the ruling against SEC’s motion. Judge Analisa Torres, denied SEC’s motion to stop Ripple from using the “Fair Notice Defense”. Ripple for the longest time had expressed concerns over the same by stating that SEC hadn’t given them enough notice that it considered XRP to be a security. Following this news, XRP was northbound and attempted to topple over its immediate resistance of a $0.76 price level. In the last 24 hours, XRP registered near about 15% gain and it traded close to $0.84. Currently, XRP is sideways on its charts displaying range-bound price action at the time of writing. In the past week, however, XRP continued to make gains as the coin appreciated by 6%. Related Reading | Dogecoin Spikes 10% After Elon Musk Reveals He’s Not Selling XRP Price Analysis: Four Hour Chart XRP was trading for $0.76 at the time of writing. The coin despite a massive boom in prices had dipped slightly over the last 24 hours. It lost around 2.2% of its value over the past day. The coin was seen moving sideways over the immediate past trading sessions. Overhead resistance for the coin stood at $0.80, the coin despite noting a slight fall managed to remain above its $0.76 mark. The aforementioned price resistance has been a long-standing one for the coin. On the flip side, the support region for XRP stretched from $0.74-$0.71. In case XRP again surges and manages to cross the $0.80 price mark, the coin could witness stiff resistance at $0.85. XRP hasn’t gotten past that point in over a month. From the technical outlook, it seems as though the bears have not given up their momentum completely and continued pressure from sellers could cause XRP to break below its immediate support level. Technical Indicators Trading Volume also noted a significant decrease in the last 24 hours. According to the four-hour chart, the volume of the token traded was much lower compared to the previous trading session. On the brighter side, the bar closed in the green which meant that buyers could be resurfacing soon. It is however not enough to conclude if XRP was regaining strength. On the 20-SMA, prices were spotted below the 20-SMA line. This reading signifies that sellers have gathered momentum and the price movement is being dictated by the sellers. The Relative Strength Index was in accordance with the other indicators, the indicator was seen below the half-line. This marked bearish pressure as selling strength preceded buying strength in the market. The MACD indicator is known to determine the current price momentum. The indicator noted a bearish crossover followed by the presence of red histograms at the time of writing. MACD crossed below its zero-line, which is a sign of bearish pressure. Related Article | Bitcoin Hashrate Swells 15% Since Last Week As Analysts Expect Mining Difficulty To Increase
Ripple CEO Garlington claims a “big win” in the dismissal of an SEC motion while remaining silent about the ruling on his own motion.
Digital Assets in Korea: A Policy Approach to Smart Regulation The emergence of blockchain technology and digital assets is transforming the global financial landscape into a more accessible, transparent, fair and efficient system. This transformation has resulted in the development of new use cases and the opening up of new markets, providing innovative pathways for … Continued
Countries across Asia Pacific have become global leaders at delivering instant payments through digital banking solutions. Their experimentation and innovation around alternative payment rails to better facilitate both cross-border and domestic instant payments serves to bolster the region’s growing stature and leadership across the payments sector. In recent years, APAC has grown to dominate the … Continued
The bounce in Bitcoin and select altcoins increases the possibility of a short-term rise in prices.
A combination of technical, fundamental, and social sentiment indicators spell downside risks for XRP after its price rises over 8% week-to-date.
Rising blockchain company Ripple has announced the onboarding of around 4,000 singers, musicians, content creators, game designers, and other artists into its NFT platform with a Creator Fund worth more than $250 million.
Launched in Sep. 2021, the blo…
The sharp pullback in BTC and large-cap altcoins indicates that bears have yet to capitulate and that traders continue to sell the top of each breakout.
Enabling a Global NFT Creator Community on XRPL Non-fungible tokens (or NFTs) and their creators are making waves across industries. From art and music, to real estate and gaming, there is not a market that will be untouched by NFTs as the underlying blockchain technology—and its myriad use cases—continue to gain momentum. In an effort … Continued
The post How Ripple’s Creator Fund Takes NFT Projects to New Heights appeared first on Ripple.
The most enduring headline from the Beijing Winter Olympics may have nothing to do with medal counts or inspiring pursuits of athletic excellence. Instead, it could be a milestone from the latest real-world pilot of China’s digital currency, which was used to make more than 2 million yuan ($315,761 USD) in payments per day at … Continued
The post CBDCs in the Americas: Implications, Opportunities and Adoption appeared first on Ripple.
Bitcoin and several altcoins are showing early signs that the bear trend could be ending, but overcoming higher levels may prove to be a challenge.
Cypherium is the only blockchain company featured in the FedNow Service Provider Showcase for now, the CEO told Cointelegraph.
Yana Novikova is on a mission to solve complex problems before they actually become problems. In her seven years at Ripple, Yana has approached every challenge with the determination to find clarity in complexity by using her wealth of experience and industry knowledge. She started her career at Ripple as one of the first product … Continued
Market sentiment remains negative, but Bitcoin and altcoins are witnessing buying at lower levels, which could be a signal that the bottom is nearby.
Crypto continues to move towards mainstream adoption, with more enterprise blockchain applications leveraging cryptocurrencies and other digital assets for operational and transactional purposes. To fully realize this shift, both financial institutions and businesses will have to more wholly embrace the technology by first gaining a better understanding of crypto utility. How Are Enterprises Engaging With … Continued
If BTC can flip $41,000 back to support, XRP, NEAR, XMR and WAVES could attract buyers.
Traders continue to sell the top of each rally, resulting in a sharp pullback in Bitcoin price and several major altcoins.
There’s a reason why decentralized currencies are more than just a buzzword. With the shift toward a fully interoperable global digital economy, financial institutions have the opportunity to become more competitive in today’s modern landscape and to better serve their customers. One exciting example of this is Central Bank Digital Currencies (CBDCs), where central banks … Continued
The post Three Insights on CBDC Solutions from Global Researchers appeared first on Ripple.
Bitcoin appears to be losing momentum and altcoins are stalling, but the fact that bulls are holding key support levels could signal that the rally will continue after a brief pause.
Nate Rose, Sr Software Data Engineer, is bringing new meaning to intersectionality by applying blockchain technology to diversity and inclusion initiatives. As a co-lead for the Black at Ripple Employee Resource Group (ERG), Nate is always looking for new ways to elevate ERG programming and engage members in thoughtful conversation. Over the holidays, his technical … Continued
The post Black at Ripple Aims to Unite ERGs Through DAO Applications appeared first on Ripple.
Bitcoin and altcoins surprised investors with a sharp bullish breakout today, signaling a possible change in the short-term trend.
BTC is etching daily higher lows and altcoins are holding on to their recent gains, suggesting that a market bottom could be in place.
BTC and altcoins flashed a few bullish signals today, but traders say $38,000 is still the level Bitcoin needs to close above before a reversal can begin.
BTC’s attempt to reclaim $40,000 was thwarted by bears, but any consolidation within the current range could benefit small and large-cap altcoins.
The returns on Ripple were promising in the past decade, but it largely missed out on significant crypto gains. However, it did succeed during the early parts of last year until April, when its value grew significantly higher than before, only to be replaced by other cryptocurrencies later in autumn, which had much better performances throughout that period. XRP has been making lower highs since 2017, and the price is bearish. Other cryptocurrencies continued to make record highs until November 2021, but XRP’s price had grown slowly. During last month’s dip, XRP had slipped below $1, falling to $0.55. It met SMA200 (purple) on weekly charts, which provided support for a second time; then started bouncing higher again in January this year. Related Reading | Representing Lawyer of XRP Holders Predict SEC’s Next Move As Ripple Price Hikes XRP/USD is climbing higher, but buyers haven’t been able to push the price above 50 weeks SMA (yellow), which stands at $1.9 and acts as resistance in the top level for now; however, a jump from 055 did show some bullish signs since they gained around 60%. A week later, markets turned bearish again overall, but XRP holding onto its gains indicates that there could be more upsides left within rangebound periods. XRP Fight Against SEC The main reason XRP is falling behind the rest of the crypto market has been a legal battle that started more than one year ago, when SEC opened their case against Ripple, claiming it’s an investment contract. Everyone following this lawsuit will determine how blockchain technology should develop in America for future generations. Ripple has faced many challenges in its lawsuit against the SEC. One recent twist was that judge Analisa Torres granted them permission to respond, which they did with fair notice of defense earlier this month. Analysts Reviews On Ripple Fate The end may be near for this case, which would mean greater appreciation in XRP’s price. Related Reading | Bitcoin Plunges Below $40 As Russia Has Reportedly Given Its Forces Order To Attack Ukraine James Wo, founder, and CEO of DFG said in an email to CoinDesk; We’ve seen in tech history that no matter the result of the trial, verdict or closed-door agreement, supporters regularly see the ending of a legal battle as a bullish sign. This increase could be the beginning of a bullish period for XRP if indeed the long-lasting trial comes to an end in the upcoming months. Some people predict that XRP will lose favor among investors because there is now a newer, more popular payment token in the market. Another statement by Vladimir Gorbunov, CEO of Crypterium, explains; Ripple’s outlook remains questionable because market conditions have changed dramatically over the past few years. A large number of companies making similar solutions to Ripple. However, Ripple is the most popular service in the segment of interbank transactions. Featured image from Pixabay, chart from TradingView.com
BTC is struggling to hold on to the $40,000 level, but a few analysts say cryptocurrencies might decouple from equities in the coming months.
The so-called “mega whales” have accumulated over $712 million worth of XRP tokens since December 2021.
The so-called “mega whales” have accumulated over $712 million worth of XRP tokens since December 2021.
BTC price is faltering right at the 61.8% Fibonacci Retracement level, triggering a slight pullback in altcoins and sapping the momentum out of this week’s initial breakout to $45,000.
We will soon know if Ripple’s executives were warned of the possibility of an SEC lawsuit ahead of XRP’s launch.
Altcoins have been closely following the movement of bitcoin over the last few weeks but this is no surprise. However, there are times when these altcoins are able to break out of the shadow of the pioneer cryptocurrency and make out a rally for themse…
BTC price continues to consolidate, a process which gives altcoin traders the opportunity to range trade and secure short-term gains.
Open banking is poised to transform business operations and payments transactions across North America. As fintechs and banks explore alternatives to debit and credit card transactions and lean into account-to-account payment networking, education and additional regulatory guidance around open banking will help usher in this new paradigm. Regions where open banking has already made its … Continued
BTC’s price action is looking grim, but traders hope that a bounce off the $42,000 support will complete a bullish technical analysis pattern and trigger a rally in Bitcoin and altcoins.
A fractal from 2018-2019 repeating could spell trouble for XRP’s long-term upside outlook, however.
Bitcoin and select altcoins are stuck in a tight range, indicating the possibility of a sharp move within the next few days.
Today’s Ripple price analysis is rather cloudy, and analysts are expecting the market to reverse course near the $0.90 level.
After being dragged down from recent highs, the XRP/USD pair may be on the verge of a new bottom.
Ripple’s market …
The blockchain industry saw some big changes last year, brought on by a maturing crypto landscape and the development of innovative new technologies. Ripple set out to better understand and further analyze this rapid evolution through both primary and secondary research. Our work included surveying more than 2,000 global financial institutions, business, individuals and developers … Continued
The post An Inside Look at New Value: Crypto Trends in Business and Beyond appeared first on Ripple.
BTC price is expected to consolidate in the current $44,000 zone, allowing altcoins to climb higher before Bitcoin makes a more decisive move.
Ripple, a Fintech company, makes substantial headway in its legal fight with the U.S. Securities and Exchange Commission. The XRP (the world’s seventh-largest cryptocurrency) issue will be resolved soon, according to CEO Brad Garlinghouse, who is…
Ripple Labs spent the most on crypto lobbying in the U.S. over the past five years, with expenses totaling $2 million.
The long-timeframe chart is painting a death cross pattern, however, suggesting a selloff ahead.
Bitcoin and several altcoins are close to strong resistance levels, which may result in a minor pullback in the short term.
BTC and altcoins broke above their overhead resistance levels, but the actions of traders will determine whether bulls are back in control.
Bitcoin and altcoins took an unexpected dip on Feb. 2, signaling that even with $40,000 in sight, the overall sentiment remains negative.
BTC and altcoins are attempting to end January on a positive note by overcoming overhead resistance levels as Bitcoin aims to flip $40,000 back to support.
Technical analysis points toward early bottoming signs in BTC and altcoins, but analysts forecast another sharp downside move.
Ripple publishes the quarterly XRP Markets Report to voluntarily provide transparency and regular updates on the company’s views on the state of crypto markets such as quarterly XRP sales, relevant XRP-related announcements and commentary on market developments over the previous quarter. As an XRP holder, Ripple believes proactive communication and transparency are part of being … Continued
Ripple’s ongoing battle with the SEC isn’t stopping the blockchain payments company from carving out a stronger position in the market.
Ripple has bought back shares from its Series C funding round, which raised the company’s valuation to $15 billion, according to CEO Brad Garlinghouse. He added that despite the lawsuit by the U.S. Securities and Exchange Commission (SEC) over the status of XRP cryptocurrency, Ripple had the best year on record. Ripple’s $15 Billion Valuation […]
Bitcoin and altcoins are in a strong relief rally, but overhead resistance levels and expected comments from the Federal Reserve could impact the recovery.
The company has repurchased all Series C shares originally issued to Tetragon Financial Group, SBI Holdings and Route 66 Ventures in December 2019.
The past few days may have weakened the image of Solana (SOL). High levels of network congestion brought a new outage to the network and SOL fell the hardest amongst the top 20 cryptocurrencies amidst the market crash. Here’s What Happened Last week, it was reported that Solana’s network was clogged, resulting in many failing transactions and DeFi users not being able to adjust their collateral positions to reflect the new valuation of the coin amidst the crypto market fall. In a Solana blog post, the team explained that the incident experienced by validators was due to excessive duplicate transactions sent by bots and “related to issues previously identified that engineers have been working to improve and resolve”. This is not the first outage for the Solana network. The 18-hour network outage in September 2021 caused by heavy transaction traffic remains the harshest one. And just this month, this has been the second, following an outage on January 4. Related Reading | Algorand, Solana, And More Lead List Of Biggest Losing Altcoins Liquidated Solana Users The DeFi lending protocol built on Solana, Solend, stated that the market crash “caused many accounts to become liquidatable and created many profitable arbitrage opportunities.” SOL price dramatically plummeted as the whole crypto market tumbled, thus users with collateral needed to increase their position in order to not have their assets liquidated. Position liquidators receive a bounty from liquidated positions, so when scenarios like this happen they “race to close eligible positions”, as Laine the blockchain business that operates validators on Solana explained. This is the reason behind bots, created to help liquidators win the race, but for this, “they submit the same transaction dozens or hundreds of times”. This turns into a mass of duplicated transactions that need to be verified by validators. There was a massive quantity of attempts by Solend users trying to deposit and repay to avoid liquidations, but all they met was network congestion. “This large load caused validators to falter, especially since they were not filtering out duplicate transactions optimally, wasting precious compute. The thousands of duplicate bot transactions also drowned out legitimate user transactions.” Solend further stated, “In addition, there was some erroneous volatility on the Pyth price feed, which caused wrongful liquidations (e.g. some users supplying mSOL and borrowing SOL were liquidated due to prices moving out of sync).” Solend later announced that they are working to reconcile problems encountered by users. The platform will “Reimburse 100% of the penalty for users liquidated due to abnormal volatility on the SOL feed” and “Reimburse 50% of the penalty for other liquidations.” SOL Price Tanked SOL is now down 42% in the last week and decreased dramatically from $144 on early Thursday to around $80 on Monday. It has now recovered slightly to $92,42 at the time of writing. Consequently, SOL lost its position as the 7th-largest coin to XRP, and overall saw the deepest pool of blood among the top 20 cryptocurrencies, with many users left wondering if their network is worth the risk. Related Reading | Solana Could Flip Ethereum To Become “Visa Of Crypto,” New Study By Bank Of America Shows What’s Next For SOL? Solana released the v1.8.14 update to “mitigate the worst effects of this issue” and alleged that “engineers have been working to improve and resolve” the issues related to network congestion starting with the 1.8 release. More updates to implement v1.9 are expected over the following 8 to 12 weeks. “These forthcoming releases are aimed at improving the state of the network, with more improvements expected to roll out in the next 8-12 weeks. Many of these features are currently live on Testnet, where they are being rigorously tested.” Many users didn’t find relief in the answers from the Solana-supporter CEOs and its co-founder Anatoly Yakovenko and called them out for allegedly doing false claims and dishonest wordplay. The network might be in a key point for its future growth. The new updates need to scale with the demand and provide trust to the disappointed users.
The turn of the calendar year is a popular time to reflect on the prior one and look ahead to the next. While the sudden and remarkable explosion of non-fungible tokens (NFTs) in 2021 showcased yet another mainstream application for blockchain, the past year in crypto was largely marked by consistent growth and maturation in … Continued
Bitcoin and most altcoins have fallen to key support levels, but the current trading setup suggests traders lack the confidence to chase after an oversold bounce.
Bitcoin and most major altcoins are close to breaking below critical support levels and traders’ reluctance to buy in the current range could exacerbate the sell-off.
Sell pressure on BTC and altcoins is beginning to alleviate, but data suggests that it’s too early to call for a reversal.
Bitcoin and most major altcoins took a turn for the worse after BTC price dipped below $42,000.