Category: Cryptocurrency News

Certain events have been touted as being able to impact the XRP price significantly. Some of these events already seem to be happening, raising the hopes of the XRP community that the token could indeed hit $1 before the year runs out.  Ripple Expands To Singapore In a statement released on October 3, Ripple announced that its subsidiary had secured a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). This announcement comes four months after the company received its in-principle approval from the regulator.  Related Reading: XRP Price Disappoints: Crypto Analyst Reveals Why He Will No Longer Accumulate Following this announcement, Ripple is fully licensed to provide “regulated digital payment token services in Singapore.” Ripple’s CEO Brad Garlinghouse also confirmed this development on his X (formerly Twitter) platform.  With Singapore already housing Ripple’s Asia Pacific headquarters, this move undoubtedly provides the company with momentum to continue expanding to countries in the region (which the company considers one of its fastest growing regions) for the adoption of its “crypto-enabled payments solutions.” Ripple is already enjoying significant success in Asia, with banks in countries like Japan, China, South Korea, Philippines, Indonesia, and Vietnam adopting the company’s cross-border payment service. Specifically, Japan is believed to have contributed significantly to the trading volume in the XRP ecosystem, with the token enjoying massive adoption among locals.  Ripple Secures Another Victory Against The SEC Meanwhile, the crypto firm has more reason to celebrate following another significant victory in its ongoing legal battle against the US Securities and Exchange Commission (SEC). In an order given on October 3, Judge Analisa Torres denied the SEC’s motion for certifications of its interlocutory appeal. As to the reason for the denial, she noted that the SEC “failed to meet its burden to show that such an appeal would materially advance the ultimate termination of the litigation.” Instead, she reasoned that granting the application could further prolong the action as the interlocutory appeal could open the door to other appeals from a dissatisfied party.  Related Reading: Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point Instead, she stated that the litigation will likely be “expeditiously advanced” if they advance to trial and then appeals come after. That way, the appellate court can review the case based on a complete record rather than considering disjointed legal and factual issues. In line with this, she set April 23, 2024, as when the trial is set to commence.  XRP Price Looks Good As Ripple Enters Top 100 Fintech Of 2023 Ripple’s President Monica Lang recently reiterated the company’s intention to continue to expand globally in its bid to disrupt the global financial architecture. The company’s efforts have not gone unnoticed as it recently announced that CB Insights ‘Fintech 100’ for 2023. Related Reading: Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple This recognition is an annual list compiled by private equity company CB Insights and comprises the “100 most promising private fintech companies in the world.” The XRP price has reacted positively to these developments as it is currently trading at $0.5317, up about 4% in the last 24 hours, according to data from Coinmarketcap. XRP recovers following court ruling | Source: XRPUSD on Tradingview.com Featured image from Outlook India, chart from Tradingview.com

Nansen analysts observed “unusual transactions between FTX and Alameda” in the days leading up to FTX’s bankruptcy.

Telegram founder Pavel Durov has repeatedly pointed out the role of the TON blockchain in the potential Web3 journey of Telegram.

LinkedIn plans to pilot a new AI-powered assistant aimed at recruiters searching for job candidates and will also release an AI educational assistant in its learning section.

Cointelegraph goes to Cuba to see how some Cubans use Bitcoin to secure a better economic future.

Cointelegraph sits down with Digital Wave Finance to talk about investment strategies and what could catalyze the next bull run.

​ “The Times 03/Jan/2009 Chancellor on the brink of second bailout for banks.” 3rd of January, 2009. Satoshi Nakamoto mined forged/hardcoded this quote into the first ever Block, (since the genesis block has no previous block hash). Now what does this tell us? Some say this was to mark evidence that Satoshi coded the genesis…
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Cryptocurrency mining in Uzbekistan can only be carried out by legal entities with the use of solar power, the local crypto watchdog has reiterated.

Unfavorable crypto regulations in the United States, Europe and the United Kingdom was one of the factors for Yield Protocol’s untimely shut down.

Cardano (ADA) saw its market structure undergo a significant bullish transformation following a series of recent gains. This rally, which began in late September, has propelled ADA’s price up by more than 10% in just one week, measured from its lowest point to the recent peak. Although ADA experienced a retracement in the past few hours, it has managed to retain its overall bullish outlook. The initial signs weren’t entirely encouraging, as evidence from volume indicators hinted at dwindling buying pressure. Nevertheless, the bulls rallied with determination, successfully defending the critical $0.24 level.  As of the latest data, ADA is priced at $0.254 on CoinGecko, representing a marginal 3.1% decline over the past 24 hours. However, over the course of the last seven days, it has recorded a noteworthy gain of 5%. Related Reading: Is Dogecoin On Life Support? Analyzing Its Recent Price Downturn ADA Technical Indicators Analysts closely monitoring ADA’s price action have pointed toward a potential move to a range high of $0.28. For traders eyeing long positions, a lower timeframe bullish structure break could provide an entry point, targeting the range’s high.  The Relative Strength Index (RSI) has also made a promising climb back above the neutral 50 mark, while the On-Balance Volume (OBV) exhibits an encouraging uptick. The big question now looms: will the existing demand be sufficient to fuel a sustained rally? Whether this demand will be sufficient to fuel a sustained rally remains a subject of speculation. ADA market cap currently at $9.02 billion. Chart: TradingView.com Cardano Potential Amidst Shifting Market Trends Meanwhile, Cardano has attracted the attention of a separate analysis as one of the altcoins with the potential to capitalize on short profit windows. This opportunity emerges in the wake of Bitcoin’s recent surge, which catapulted it above the $28,000 mark. Analysis suggests that ADA could possibly decouple from broader market trends, presenting traders with a unique opportunity to capitalize on market divergences and seek profit. Cardano seven-day price action. Source: Coingecko ADA has exhibited resilience and determination in the face of fluctuating market dynamics. While initial signs pointed to a faltering of buying pressure, ADA has managed to pivot, defending the $0.24 level and setting its sights on the $0.28 mark.  Related Reading: Shiba Inu Investors Beware: 425 Billion Tokens On The Move – Is It A Sell-Out? The RSI and OBV indicators provide further encouragement to the bullish outlook. Moreover, the potential for ADA to break away from the larger market trends presents traders with an intriguing chance to capitalize on short-term profit opportunities. With the crypto market constantly evolving, Cardano’s resilience and ability to adapt to changing conditions make it an interesting asset to watch in the coming weeks. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from iStock