Will Bitcoin return to $73,800 before the next U.S. president is picked? Here's why Standard Chartered expects big gains ahead.
Ripple Swell, the annual conference hosted by the payment firm Ripple, begins today in Miami, running from October 15 to 16. This event gathers Ripple's partners and clients for discussions. During the conference, Ripple's General Counsel, Stuart Alderoty, shared the stage with Adrienne Harris, the chief of the New York Department of Financial Services (NYDFS).
itcoin rallied to just shy of $68,000 on Oct. 15 as spot BTC exchange-traded funds attracted the most single-day capital inflows in over four months.
The company raised $210 million in debt financing less than a month after launching a security token offering in Europe.
Metaplanet is well on track to hit its 1,000 BTC target after acquiring an additional 106.976 BTC on October 15.
A surge of interest in XRP spot ETFs has recently stirred the crypto community, as Bitwise filed for XRP-based ETFs. This move took some by surprise, given that many expected Solana to be the next major focus after firms like VanEck filed for a Solana ETF, only to later withdraw.
Ripple CEO Brad Garlinghouse believes RLUSD stablecoin is poised to become the gold standard for enterprise-grade stablecoins.
A key Bitcoin price metric mirrors levels not seen since February, suggesting that new BTC highs could be on the way.
Harvard professor Robert Putnam's research, if extrapolated, shows that identifying as a “Bitcoiner” can actually reduce racism.
The firm is awaiting regulatory approval from the New York Department of Financial Services for RLUSD's public release.
TL;DR Demand for Bitcoin has declined significantly since March's all-time high, while investor attention has waned in a sideways market. Bitcoin supply has been restricted, with active supply measures falling to low levels. Historically, Bitcoin supply contraction has preceded periods of high market volatility.
Ripple has revealed its key exchange partners for distributing RLUSD, a USD-denominated stablecoin designed for institutional use. RLUSD will be accessible to institutions and users through a network of global exchanges and platforms, including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish.
Eric Balchunas, Bloomberg's leading ETF expert, has predicted that Bitcoin ETFs are on track to overtake Satoshi Nakamoto as the largest holders of the flagship cryptocurrency by Christmas.
Bitcoin dropped by over 3% in the past hour, to hover above the $65,000 mark, after a surge in long liquidations.
Ripple has announced the launch of its stablecoin, RLUSD (Ripple USD), along with its global exchange partners who will facilitate the token's availability worldwide.
Ripple Labs, a San Francisco-based payments company, has announced its initial exchange partners for the upcoming launch of its USD-pegged stablecoin, RLUSD. The announcement was made today during the opening session of Ripple's annual conference, Ripple Swell 2024.
Bitcoin investors are still dwelling in excitement in light of a recent breakout towards $66,000. This rally has reignited bullish sentiment across the market, with many traders now anticipating higher highs for Bitcoin and other cryptocurrencies.
TL;DR Ripple has announced the launch of Ripple USD (RLUSD), a USD-backed stablecoin, available on global platforms such as Uphold and Bitstamp. RLUSD is backed by dollar deposits and US government bonds, ensuring transparency and regulatory compliance.
Cullen Hoback, the director of 'Money Electric: The Bitcoin Mystery' discusses the debate around his film after it claims that Canadian developer Peter Todd is Bitcoin's anonymous creator, Satoshi Nakamoto.
Bitcoin price touched $67k before retreating to $65 k, SOL price has momentum from its wider ecosystem while ADA has good entry point.
According to data from CoinGlass, the volume of derivatives trading on XRP has literally skyrocketed by 60% in the past few hours.
Bitcoin's sudden price jump to nearly $68,000 Tuesday ruined loads of short positions—but now long positions are crumbling as the price dips.
At the Ripple Swell 2024 conference on Tuesday, Ripple revealed its partnerships with major global exchanges to distribute RLUSD, a USD-denominated stablecoin designed for enterprise-grade financial applications.
Anthony Pompliano, founder & CEO of Professional Capital Management, sees Tesla's (NASDAQ:TSLA) latest advancements, including the autonomous Cybercab and Optimus humanoid robots, leading to an uptick in stablecoin usage. What Happened: In a Pomp Letter on Substack from Oct.11, Pompliano wrote that "Bitcoin (CRYPTO: BTC) will be for saving economic value and stablecoins will be for spending.
Bitcoin (CRYPTO: BTC) might be on the brink of hitting its highest value ever as the U.S. presidential election approaches. What Happened: According to a prediction from Standard Chartered's Geoff Kendrick, as reported by The Block, Bitcoin could reach its previous peak of $73,800, citing several factors: A steepening U.S. Treasury yield curve: the yield curve shift, driven by stronger-than-expected U.S. CPI data, indicates market volatility and opens up the possibility of slower interest rate cuts.
Bitcoin's recent upswing has begun to mirror past historical trends during U.S. elections. Will the trend repeat?
Bitcoin (BTC), the largest and oldest crypto by market cap, jumped past the $67,000 level on Monday as China's economic stimulus plans sent the country's stock flying.
MicroStrategy (NASDAQ: MSTR), the largest corporate holder of Bitcoin (BTC), has emerged as one of the top-performing stocks in the S&P 500, thanks to its aggressive Bitcoin-focused strategy.
Ripple reveals RLUSD exchange partners and market makers ahead of the stablecoin's official launch.
Ripple has revealed the first crypto exchange and ecosystem partners for its stablecoin Ripple USD (RLUSD) ahead of its launch. The blockchain infrastructure and payments provider named the RLUSD partners during an announcement at Ripple Swell in Miami on Oct. 15.
At 9:35 a.m. EDT on Tuesday, bitcoin reached a peak of $67,922. By 10:20 a.m., it was still riding high, trading between $66,905 and $67,101, marking a nearly 3% increase. This uptick pushed bitcoin's seven-day gains to 6.7% against the U.S. dollar. According to recent data, ‘Uptober' returns now sit at 3.83%.
Bitcoin looks increasingly apt to ditch its consolidation range as BTC price volatility kicks in at the Wall Street open.
BlackRock's endorsement of Bitcoin may accelerate institutional adoption, potentially reshaping global financial markets and asset diversification. The post Bitcoin inches toward $68,000 following BlackRock's CEO crypto endorsement appeared first on Crypto Briefing.
The U.S. Securities and Exchange Commission (SEC) recently appealed its case against Ripple following a ruling by a federal judge that the SEC did not sufficiently prove Ripple violated securities laws by selling XRP to retail customers. Now, as the case moves forward, XRP enthusiasts and legal experts are closely watching the next steps.
A British man who mistakenly discarded a hard drive with a trove of Bitcoin on it has launched a legal claim against a local council as a last-resort effort to be able to search for it in a landfill site.
What led to the Bitcoin whale's sudden activity after a decade?
The President of the ETF Store, Nate Geraci, recently revealed what would increase the odds of the US Securities and Exchange Commission (SEC) approving the XRP ETF applications. Asset managers Bitwise and Canary Capital have applied with the Commission to offer this fund, providing institutional investors with exposure to XRP.
Bitcoin is at the top of its sideways channel. It's a faintly bearish channel but the setup looks promising for now.
Metaplanet Inc., a Japanese company listed on the Tokyo Stock Exchange, on Tuesday announced a significant addition to its Bitcoin holdings. What Happened: In its press release the company stated that it had purchased an additional 106.976 bitcoin (CRYPTO: BTC) for approximately 1 billion yen, worth $6.7 million at current exchange rates, at an average price of 9,347,891 yen per bitcoin.
Digital assets are finally beginning to pay attention to not just the growing chance of a Trump victory in November, but also a GOP sweep, said Standard Chartered's Geoff Kendrick.
The sale of a new cryptocurrency backed by former U.S.
Ripple Labs Inc. has made another big push toward the launch of its RLUSD stablecoin. In a recent announcement, the blockchain payments firm revealed the names of key partners spanning exchanges and experts in the field.
While many new investors chase 100x returns in established cryptocurrencies, savvy traders are betting on Rollblock for its potential 800% rally and up to 250x profits by 2025. #partnercontent
The daily liquidations have shot up to over $250 million.
As the weekly Bitcoin futures are revolutionizing trading on economic news
The crypto market speculations soared today on a potential RLUSD launch date, especially after Ripple shared major updates on its stablecoin. The blockchain firm has recently revealed the first exchange and platform for the upcoming launch of its stablecoin, gaining market attention.
Is XRP ready for a massive rally, or will it witness a price correction first?
Price movement of XRP has been slow recently; it stays about $0.53 and shows a 7% drop over the previous month. Many investors are becoming frustrated as they see the altcoin stagnating after a bit of an increase recently.