The Chief Executive Officer (CEO) of Ripple, Brad Garlinghouse, recently made a bold forecast in an interview with CNBC. He stated that he envisions a transformative shift in the crypto industry, with a market capitalization of $5 trillion by 2024. This prediction has garnered attention due to its ambitious timeline and the significant growth it
The recent price swing of Ripple Labs’ cryptocurrency XRP has left many investors doubtful about its ability to reach the much-anticipated $1 price target this month. The market’s unease over the upcoming Bitcoin halving, combined with a significant transfer of XRP tokens by a whale, has contributed to this negative sentiment. The transfer of nearly
Russian fintech companies have recently entered into partnerships with the Central Bank of Russia to participate in the country’s digital ruble pilot program. According to reports from the Russian media outlet Cnews, firms such as SimbirSoft and Sinara Lab will be working closely with the Central Bank to implement digital ruble software products into online
Recently, tax officials in the city of Pohang, South Korea, have taken action to seize cryptoassets from over 5,000 residents who have failed to pay local taxes. This move is part of a national crackdown on tax evasion, with the goal of collecting millions of dollars in unpaid taxes. The individuals targeted in this operation
The disconnect between policymakers and technology has resulted in regulatory gaps in overseeing emerging technologies like blockchain and AI. While some lawmakers, such as Senator Cynthia Lummis, have recognized the importance of innovation in the financial sector and proposed legislation like the Digital Asset Innovation Act, the current “regulation-through-enforcement” approach, as seen in the SEC’s
The recent approval of Bitcoin exchange-traded funds (ETFs) by the SEC has left a significant impact on the financial world. Initial concerns about fading demand have quickly been disproven as Bitcoin ETFs continue to shatter trading volume records. Three consecutive sessions of net inflows into these investment vehicles have highlighted the sustained interest from investors
Bitcoin started off the year 2024 on a high note, soaring by a remarkable 73% in the first quarter and hitting a new all-time high price of $73,750. Despite a subsequent dip in value due to volatile price movements, the biggest stakeholders in the Bitcoin market have been consistently accumulating the cryptocurrency over the course
As Dogecoin (DOGE) stabilizes around $0.18 and Dogecoin investors are searching for higher returns, a new meme coin called Sponge (SPONGE) has caught the attention of many. The market cap of Dogecoin, standing at around $25.58 billion, indicates limited potential for significant gains. Therefore, investors are turning to smaller market cap meme coins like Sponge
FTX creditors are expressing strong dissatisfaction with the decision made by the bankrupt crypto exchange to sell its Solana holdings at a heavily discounted rate to crypto venture firms. The move, which saw FTX offloading 30 million SOL at $64 each to firms like Pantera Capital and Galaxy Trading, represents a significant 62% markdown from
Cryptocurrency analyst CrediBULL Crypto has expressed an optimistic outlook for both Ethereum (ETH) and XRP, suggesting that both tokens have the potential to significantly increase in value. According to CrediBULL Crypto, Ethereum could potentially reach a market peak of $20,000 in the near future. This bullish prediction is based on his belief that Bitcoin (BTC)