Despite the recent dip in XRP’s price, crypto analyst Egrag Crypto sees it as an opportune moment to accumulate more tokens rather than lose faith in its potential. In a recent X post, Egrag hinted at a potential rise of XRP to $22, illustrated by a chart following the green route. This projection aligns with…

In a recently published report, JP Morgan, a major US banking institution, raised concerns over the escalating dominance and rapid expansion of Tether in the stablecoin market. The report highlighted Tether’s perceived lack of legal compliance and transparency, deeming its increasing concentration as a potential risk for the stablecoin sector and the wider cryptocurrency ecosystem….

In recent hours, the activity of several cryptocurrency whales has captured the attention of on-chain analysts, as they engage in substantial transactions across various altcoins. One notable whale, identified by the short address 0xbe8, withdrew 2.6 million MATIC from Coinbase Prime, amounting to approximately $2.11 million. Interestingly, this withdrawal marks the first instance of this…

In a significant turn of events, Binance, a prominent cryptocurrency exchange, has frozen $4.2 million worth of XRP that was part of the $112 million hack affecting Ripple co-founder Chris Larsen’s personal wallet on January 31, 2024. This incident stands out as the largest hack in the cryptocurrency space this year. CEO Richard Teng took…

The Bitcoin (BTC) halving, occurring once every four years, stands as a pivotal event within the cryptocurrency realm. It has a historical precedent of ushering in significant price increases in the months that follow. Clem Chambers, the CEO of Online Blockchain, emphasizes the halving’s profound and strategic influence in the Bitcoin ecosystem. He highlights its…

Binance, the world’s leading cryptocurrency exchange, is encountering substantial hurdles as it endeavors to re-establish a foothold in the UK market. The company’s efforts are being impeded by a noticeable reluctance from potential local partners to engage in collaboration. Over the past few months, at least three UK firms holding legal authorization to facilitate communications…

In a recent analysis, JPMorgan analysts, led by Nikolaos Panigirtzoglou, expressed reservations regarding the increasing dominance of Tether within the stablecoin market. The report highlighted Tether’s challenges in terms of regulatory compliance and transparency, flagging its growing concentration as a negative factor for the stablecoin market and the broader cryptocurrency ecosystem. Companies managing stablecoins are…

Binance Futures, a prominent cryptocurrency derivatives trading platform, is set to introduce ZETA, a new trading tool offering an enriched trading experience with leverage of up to 50x. The launch is scheduled for February 2, 2024, at 11:30. Notable features of the USDⓈ-M ZETA Perpetual Contract include: 1. Up to 50x Leverage: The USDⓈ-M ZETA…

The U.S. Energy Information Administration (EIA) is launching a survey to gather data on the electricity consumption of cryptocurrency mining companies in the country. Set to commence next week, the survey targets “identified” commercial miners, requiring them to provide detailed information regarding their energy usage. Authorized by the Office of Management and Budget (OMB) on…

Standard Chartered, an international bank, is reportedly eyeing the potential approval of a spot Ethereum (ETH) exchange-traded fund (ETF) in the United States. The anticipation centers around the ETF applications submitted by asset managers VanEck and Ark 21Shares, with the U.S. Securities and Exchange Commission (SEC) expected to make a decision on May 23rd. Drawing…