Crypto investment products are once again proving their market allure, with inflows hitting their highest level since July 2022. European asset management firm, CoinShares, noted an influx of $199 million just last week, signaling revived interest from investors in the crypto space. The surge is seen as a correction, compensating for almost half of the…
The recently published Hinman documents in the legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) have caused quite a stir and strengthened the XRP army’s belief that the fintech will prevail against the regulator. What has attracted little attention, however, are the documents and emails that Ripple has had to…
The price of XRP experienced an increase after surpassing the $0.50 mark; however, it has recently undergone a fresh decline. Analyzing the daily chart, the altcoin has depreciated by approximately 3%, whereas the weekly chart shows an appreciation of about 6%. The technical outlook for XRP indicates a bearish bias due to a decrease in…
In the often-polarizing universe of crypto, it isn’t often that an established Bitcoin maximalist or advocate publicly places a bet on a different coin. However, in a sudden turn of events, Crypto Rover, a crypto influencer and Bitcoin devotee, recently confirmed his substantial investment in XRP. The influencer did not only seem to boast its…
Root Network is poised to address the interoperability issue between the XRP Ledger and the Ethereum Virtual Machine (EVM), simultaneously providing incentives in the form of XRP rewards to validators and stakers. Root Network introduces XRP rewards for validators and stakers. Root Network enables users to pay gas fees in XRP, promoting a seamless token…
Ripple’s token price is attempting a fresh increase above the $0.48 resistance against the US Dollar. XRP price could gain bullish momentum if it clears $0.51. Ripple’s token price is holding gains above the $0.480 resistance against the US dollar. The price is now trading below $0.51 and the 100 simple moving average (4 hours).…
The legal battle between Ripple and the Securities and Exchange Commission (SEC) has taken a new twist as top lawyers accuse former SEC Director William Hinman of being paid to attack XRP in favor of Ethereum (ETH). Following the release of Hinman’s emails and drafts of his June 2018 speech, pro-XRP attorney John Deaton expressed…
To improve the country’s high-value payment system, Colombia’s central bank is experimenting with Ripple’s new end-to-end central bank digital currency technology. How will this collaboration affect the price of XRP? On Thursday, Ripple announced that the central bank of Colombia and the Ministry of Information and Communication Technologies (MinTIC) would be exploring the use of…
In the past 48 hours, the price of XRP has experienced notable volatility, dropping below $0.50. The crypto market is closely focused on XRP due to a recent favorable development in the Securities and Exchange Commission (SEC) vs. Ripple lawsuit. The emergence of the Hinman documents has sparked inquiries into the actions of the Securities…
For the first time since mid-March, Bitcoin price dropped below $25,000 as trade volumes decreased and the U.S. Federal Reserve left interest rates untouched based on projections but warned of additional hikes this year to combat inflation. At the time of writing, Bitcoin was trading at $24,995, down 3.8% in the last 24 hours, data from…