Dennis

The XRPL’s Capacity to Process Over 293 Million Daily Transactions Positions XRP as a Global Utility Asset

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The XRPL’s Capacity to Process Over 293 Million Daily Transactions Positions XRP as a Global Utility Asset

XRPL’s Capability To Handle 293+ Million Transactions Daily Can Make XRP A Global Utility Asset XRP enthusiasts are optimistic about the cryptocurrency’s growth potential, following Ripple’s partial win against the SEC. Popular XRP influencer Alex Cobb shared data about the XRP Ledger’s capabilities, highlighting its potential as a global payment facilitator. Cobb revealed that XRPL … Read more

BTC Gives up Gains as 10-Year Yield Spikes; Ether Futures ETFs Fizzle on Lukewarm Investor Interest

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BTC Gives up Gains as 10-Year Yield Spikes; Ether Futures ETFs Fizzle on Lukewarm Investor Interest

The crypto market, including bitcoin, has experienced a significant surge, driven by factors such as the endorsement of ether futures ETFs by the SEC and various government rulings. Bitcoin has surged by 15% over the past two weeks. Nonetheless, QCP Capital has expressed apprehensions about the longevity of this rally due to fluctuations in demand … Read more

Liquify Joins Forces with Fuse Network as Blockchain Infrastructure Partner

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Liquify Joins Forces with Fuse Network as Blockchain Infrastructure Partner

Fuse Network welcomes Liquify as new blockchain infrastructure partner » CryptoNinjas Decentralized blockchain platform Fuse Network has partnered with Liquify to provide remote procedure call (RPC) services. RPC nodes are crucial for decentralized applications (dApps) to process requests and improve web3 usability. Liquify, a blockchain solutions provider, offers secure and robust RPC infrastructure with bare … Read more

Bitcoin (BTC) Achieves a Month-long All-Time High Price

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Bitcoin (BTC) Achieves a Month-long All-Time High Price

Bitcoin (BTC) Hits Highest Price in a Month Bitcoin (BTC) has reached its highest price in over a month, exceeding $28,000. Analysts attribute this surge to optimism regarding ETFs and seasonality. Last week, traders at Bitbank, a Japanese exchange, had already predicted this milestone. The $28,500 level is viewed as a significant support from the … Read more

An Explanation of Crypto Synthetic Assets

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An Explanation of Crypto Synthetic Assets

Crypto synthetic assets, explained Crypto synthetic assets are blockchain-based financial instruments that simulate the value and behavior of real-world assets or financial instruments. These digital assets are created using complex financial derivatives and smart contracts on decentralized finance (DeFi) platforms. They offer advantages such as increased accessibility, liquidity, and programmability. Types of crypto synthetic assets … Read more

FTX Exploiter Transfers 5,000 ETH Ahead of Ether Futures ETF Launch

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FTX Exploiter Transfers 5,000 ETH Ahead of Ether Futures ETF Launch

Approximately $8.2 million worth of ETH has been moved from a wallet address associated with the FTX hacker, marking the first time assets have been transferred out of the wallet since the hack a year ago. The FTX exchange suffered a loss of over $600 million through the hack in November 2022. The hacker transferred … Read more

Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

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Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

The US economy is experiencing turbulent times, with inflation rates rising and the Federal Reserve’s efforts to curb inflation falling short. This has led to a loss of value in US Treasurys, raising concerns about the impact on risk-on assets such as Bitcoin and the stock market. The influx of government debt into the market … Read more

Ripple Labs Considered as Potential CBDC Partner by Georgia

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Ripple Labs Considered as Potential CBDC Partner by Georgia

Georgia Selects Ripple Labs As Potential CBDC Partner The National Bank of Georgia (NBG) has shortlisted Ripple Labs as one of nine potential technology partners for its Central Bank Digital Currency (CBDC) pilot project called “Digital GEL”. The NBG aims to test the technological feasibility and applications of a CBDC system. Ripple’s inclusion in the … Read more

Sam Bankman-Fried Scoops Help CoinDesk Win a Loeb Award

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Sam Bankman-Fried Scoops Help CoinDesk Win a Loeb Award

This content discusses a series of stories published by CoinDesk related to Sam Bankman-Fried, the founder of Alameda Research and FTX crypto exchange. The centerpiece article raised concerns about the stability of Alameda Research and questioned the safety of FTX. Other stories highlighted the unconventional living arrangements of Bankman-Fried’s close associates, reported on a major … Read more

New Disclosures Unveil Dominant Crypto Whale Hub Handling Majority of Transactions Exceeding $1 Million

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New Disclosures Unveil Dominant Crypto Whale Hub Handling Majority of Transactions Exceeding Million

Report Reveals Crypto Whale Center With Majority Of Transactions Crossing $1 Million A report from Chainalysis has found that the majority of cryptocurrency transactions in the United Arab Emirates (UAE) exceeding $1 million from July 2022 to June 2023 were made by institutional investors. These institutional investments accounted for over 67% of crypto transactions in … Read more