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XRP rally and RLUSD anticipation fuel activity on Xaman Wallet

Xaman’s spike in user activity reflects a renewed interest in the XRP Ledger ecosystem amid the ongoing XRP rally and anticipation of the RLUSD stablecoin launch.

Published on: December 16, 2024 | Source: Cointelegraph favicon Cointelegraph

FCA releases discussion paper on crypto market transparency, abuse

In the latest step in the long process of regulating crypto in the UK, the FCA is asking for feedback on two areas under its responsibility.

Published on: December 16, 2024 | Source: Cointelegraph favicon Cointelegraph

Ripple to begin global rollout of RLUSD stablecoin on Dec. 17

Ripple will launch its US dollar-pegged stablecoin, Ripple USD (RLUSD), on Dec. 17 on the XRP Ledger and Ethereum. According to the Dec. 16 announcement, each RLUSD token will be fully backed by US dollar deposits, government bonds, and cash equivalents. The stablecoin will initially be available on Uphold, Bitso, MoonPay, Archax, and CoinMENA. In […] The post Ripple to begin global rollout of RLUSD stablecoin on Dec....

Published on: December 16, 2024 | Source: CryptoSlate favicon CryptoSlate

Price analysis 12/16: SPX, DXY, BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX

Sustained demand from buyers has pushed Bitcoin to a new all-time high, opening the doors for a rally toward $113,000.

Published on: December 16, 2024 | Source: Cointelegraph favicon Cointelegraph

Aave DAO considers exiting Polygon after proposed bridge

Aave founder Marc Zeller has proposed new risk parameters on Polygon in response to plans to farm over $1 billion in stablecoin reserves.

Published on: December 16, 2024 | Source: Cointelegraph favicon Cointelegraph

UK aims for balanced crypto regulation with FCA-led consultation

The UK Financial Conduct Authority (FCA) has initiated a public consultation aimed at refining regulations for crypto, according to a Dec. 16 statement. The initiative signals the FCA’s commitment to crafting a balanced framework that nurtures innovation while addressing risks in the crypto sector. Itseeks to address pressing challenges, such as market abuse, financial fraud, […] The post UK aims for balanced crypto...

Published on: December 16, 2024 | Source: CryptoSlate favicon CryptoSlate

Ripple's RLUSD Stablecoin Launching Tuesday Following Massive XRP Surge

The dollar-pegged Ripple USD (RLUSD) will begin trading Tuesday across Ethereum and XRP Ledger, Ripple said Monday.

Published on: December 16, 2024 | Source: Decrypt favicon Decrypt

El Salvador grants Bitget a Bitcoin license amid $362 million profit boom

El Salvador’s Central Reserve Bank has officially granted Bitget a Bitcoin Service Provider (BSP) license, according to a Dec. 16 statement shared with CryptoSlate. This move grants the exchange legal authorization to facilitate Bitcoin-related services in the country, including converting Bitcoin to fiat currencies, processing Bitcoin payments, and securely managing Bitcoin custody. Meanwhile, the company […] The post...

Published on: December 16, 2024 | Source: CryptoSlate favicon CryptoSlate

Ripple USD stablecoin set for trading debut tomorrow

Ripple’s RLUSD stablecoin is set for its trading debut on Dec. 17 on platforms including Uphold, MoonPay, Archax and CoinMENA, the company said.

Published on: December 16, 2024 | Source: Cointelegraph favicon Cointelegraph

Bitcoin price eyes ’round number’ next as bulls run past $106K

Bitcoin markets diverge from altcoins to continue the quest for BTC price discovery.

Published on: December 16, 2024 | Source: Cointelegraph favicon Cointelegraph

NYDFS approves BitLicense for Anchorage Digital subsidiary

With the addition of Anchorage’s New York arm, the New York financial regulator has approved 34 companies since the BitLicense scheme launched in 2015.

Published on: December 16, 2024 | Source: Cointelegraph favicon Cointelegraph

MicroStrategy Boosts Bitcoin Stash Above $46 Billion With Latest Buy

MicroStrategy which will soon join the Nasdaq 100, just announced its sixth straight weekly Bitcoin buy. Here's the latest.

Published on: December 16, 2024 | Source: Decrypt favicon Decrypt

MicroStrategy marks sixth consecutive week of Bitcoin purchase with additional 15,350 BTC for $1.5 billion

Michael Saylor-led MicroStrategy has purchased 15,350 Bitcoin for $1.5 billion at an average price of $100,386 per coin, according to a Dec. 16 filing with the US Securities and Exchange Commission (SEC). This latest acquisition marks the sixth consecutive week of Bitcoin purchases by the company, which recently became part of the Nasdaq 100 index […] The post MicroStrategy marks sixth consecutive week of Bitcoin...

Published on: December 16, 2024 | Source: CryptoSlate favicon CryptoSlate

13 Christmas gifts that Bitcoin and crypto degens will love

13 crypto gift ideas from SOL and ETH phones, to NFT picture frames and Sui gaming handhelds. Hint: You could also just buy them for yourself.

Published on: December 16, 2024 | Source: Cointelegraph favicon Cointelegraph

Canada’s finance minister resigns, citing β€˜serious challenges’ from US

Chrystia Freeland said she would remain a member of Canada’s parliament but had resigned from Prime Minister Justin Trudeau’s cabinet.

Published on: December 16, 2024 | Source: Cointelegraph favicon Cointelegraph

The 2024 Santa Claus rally is about to start

There’s potential for a 2024 Santa Claus rally across the crypto markets. Historical trends, market factors and this year’s bull run could lead to significant gains.

Published on: December 16, 2024 | Source: Cointelegraph favicon Cointelegraph

XRP price chart 'bull flag' targets $15 despite consolidation phase

XRP’s latest pullback forms a classic bullish continuation structure, with a profit target above $15.

Published on: December 16, 2024 | Source: Cointelegraph favicon Cointelegraph

Bitpanda receives in-principle approval for UAE expansion

Bitpanda has secured in-principle approval from Dubai’s VARA, paving the way for its entry into UAE’s growing crypto market and advancing its global expansion strategy.

Published on: December 16, 2024 | Source: Cointelegraph favicon Cointelegraph

Woman Kidnapped Saudi Royal, Stole $40,000 in Bitcoinβ€”But Avoids Jail

After men threatened to cut her date's fingers off, he transferred $40,000. But she got off with community service.

Published on: December 16, 2024 | Source: Decrypt favicon Decrypt

MicroStrategy buys 15.3K Bitcoin for $1.5B, holdings reach 439K BTC

MicroStrategy’s latest Bitcoin purchase brings its total BTC holdings to 439,000 BTC, bought at the aggregate purchase price of $27.1 billion.

Published on: December 16, 2024 | Source: Cointelegraph favicon Cointelegraph

Increased gas limits on Ethereum L1 come with risks… but big rewards

Prominent Ethereum devs say substantially raising gas limits will increase network capacity and innovation, but others say it would pose serious risks to stability and security.

Published on: December 16, 2024 | Source: Cointelegraph favicon Cointelegraph

How a Scammer Stole $300,000 Worth of Crypto by Impersonating Uber Drivers

The man would say his phone had stopped working, borrow his victim's phone, and then empty their Coinbase account, according to police.

Published on: December 16, 2024 | Source: Decrypt favicon Decrypt

Binance accused of IP theft over PNUT token by Peanut the Squirrel owner

Mark Longo, owner of Peanut the Squirrel, accused Binance of using his Peanut’s likeness without permission to promote the PNUT memecoin.

Published on: December 16, 2024 | Source: Cointelegraph favicon Cointelegraph

Binance Faces Cease-and-Desist Over Its Listing of PNUT Meme Coin

β€œThis is the first of multiple cease-and-desist letters to be issued," Mark Longo, caretaker of the late Peanut the Squirrel wrote on X.

Published on: December 16, 2024 | Source: Decrypt favicon Decrypt

Crypto products record 10th consecutive week of inflows at $3.2B

Crypto ETPs have recorded $20.3 billion of inflows during the past 10 weeks, accounting for 45% of all inflows in 2024.

Published on: December 16, 2024 | Source: Cointelegraph favicon Cointelegraph

Intrinsic value of crypto: What is it and how to calculate it

The intrinsic value of cryptocurrencies can be calculated using Metcalfe’s Law, production costs and discounted utility models.

Published on: December 16, 2024 | Source: Cointelegraph favicon Cointelegraph

Bitcoin to gold ratio posts new record as BTC sets new high

The Bitcoin to gold ratio hit a new ATH at 40 gold ounces per BTC as the Bitcoin price peaked above $106,000 on Dec. 16.

Published on: December 16, 2024 | Source: Cointelegraph favicon Cointelegraph

Ripple CTO Warns of 'FOMO' as RLUSD Stablecoin Prepares for Market Debut

Schwartz highlighted pre-market bids for RLUSD reaching $1,244, driven by buyers eager to claim the β€œhonor” of being the first to buy it.

Published on: December 16, 2024 | Source: Decrypt favicon Decrypt

Here's How The Fed's Anticipated Rate Cut Could Impact Crypto

The Federal Reserve is expected to cut rates this week, though analysts don't see much of a crypto price bump immediately following.

Published on: December 16, 2024 | Source: Decrypt favicon Decrypt

Bitcoin hits a new all-time high of $105K, gaining 20% in the last month

It comes as the Federal Reserve is expected to go ahead with a rate cut next week, rumors that Trump may use Bitcoin as a US reserve asset from β€œday one” and more.

Published on: December 15, 2024 | Source: Cointelegraph favicon Cointelegraph

Bitcoin Climbs to $105,000 as Trump Trade Continues to Drive Assets Higher

Bitcoin is posting new highs, bolstered by various tailwinds, including market reactions to President-elect Donald Trump.

Published on: December 15, 2024 | Source: Decrypt favicon Decrypt

This Week in Crypto Games: Major 'Off the Grid' Moves, 'TapSwap' Airdrop ETA, and Ubisoft NFT Mint

Catch up on this week’s biggest crypto and NFT gaming news and find some weekend reads in our latest roundup.

Published on: December 15, 2024 | Source: Decrypt favicon Decrypt

The AI pre-training age will soon come to an end β€” OpenAI co-founder

According to OpenAI co-founder Ilya Sutskever, AI researchers must find new ways of scaling machine intelligence to overcome limitations.

Published on: December 15, 2024 | Source: Cointelegraph favicon Cointelegraph

ETH, LINK, AAVE and BGB move higher as Bitcoin inches toward new all-time high

Bitcoin bulls are attempting to push BTC price above teh $104,088 all-time high, and charts suggest ETH, LINK, AAVE and BGB will be the first to breakout.

Published on: December 15, 2024 | Source: Cointelegraph favicon Cointelegraph

Crypto Developer Activity Surges in Asia as Solana Support Grows: Electric Capital

Asia is home to about 32% of crypto developer activity, Electric Capital's annual study revealsβ€”and new devs favor Solana over Ethereum.

Published on: December 15, 2024 | Source: Decrypt favicon Decrypt