Author: John Smith
XRP price retreated on Wednesday as a sea of red spread across the cryptocurrency industry ahead of the Federal Reserve’s decision. Ripple (XRP) dropped by over 5%, erasing most of the gains made on Tuesday after the RLUSD stablecoin launch. The decline led to significant liquidations of bullish positions, totaling over $15.19 million. Liquidations occur when exchanges automatically close positions due to insufficient margin. Short positions worth over $4.6 million were also liquidated, according to CoinGlass. Ripple’s retreat, which was anticipated, happened a day after the company launched the RLUSD stablecoin. According to CoinMarketCap, the stablecoin has started well as…
Mantra price rose for three consecutive days, becoming one of the best-performing cryptocurrencies as most others declined. Mantra (OM) token rose to $4, slightly above the lowest level this week. This rebound pushed the token’s market cap to over $3.8 billion. Its rally occurred even as the staking yield dropped to 15.4%. This represents a decline of over 12% in the last 24 hours, according to StakingRewards. This drop happened despite the staking market cap rising by over 5% to $2.4 billion. Still, Mantra offers one of the highest staking rewards in the crypto industry. For instance, Polygon yields 5.6%,…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rexas Finance, Sui, Cardano, and Hedera lead coins under $10 poised to turn $500 into $50K in crypto’s ongoing bull run. A few select coins under $10 are set for spectacular development in the ongoing cryptocurrency market bull cycle. Here’s how Rexas Finance, Sui, Cardano, and Hedera may turn a $500 investment into a $50,000 profit in just two months. Rexas Finance: The presale powerhouse, ready to soar Rexas Finance continues to impress investors with its unprecedented presale success.…
India’s blockchain advocacy group, the India Blockchain Alliance, has made a landmark announcement of a strategic partnership with Ras Al Khaimah Digital Assets Oasis, the world’s only common law free zone for digital asset enterprises. The collaboration is set to build a unified global blockchain ecosystem to abet innovation and talent exchange between India and the UAE. It will also provide Indian blockchain companies with easy entry into the UAE market through RAK DAO’s ecosystem of over 400 companies, in addition to its legal and regulatory framework. On the other hand, IBA’s extensive network and domain knowledge of the blockchain…
Aurora Labs has launched TurboChain and TurboSwap, two blockchain solutions designed to strengthen the TURBO ecosystem. Developed in collaboration with the NEAR (NEAR) Protocol, these tools aim to improve transaction efficiency and expand access to decentralized finance, according to a release shared with crypto.news. TurboChain serves as a dedicated blockchain for the TURBO (TURBO) ecosystem, using TURBO as its core token for transactions. The chain is designed for speed, scalability, and low transaction costs, making it accessible to a wider range of users, including smaller investors. The chain also provides developers with a platform to build decentralized applications while offering…
Chainlink price experienced a significant reversal and dropped for three consecutive days, erasing some of the gains made last week. Chainlink (LINK) token fell to $27, marking a 13% decline from its highest level this year and bringing its market cap to over $17 billion. The retreat mirrored losses seen across other popular cryptocurrencies. Bitcoin (BTC) dropped to $105,000 from its weekly high of $108,000. Similarly, Ethereum, Ripple, and Solana were down by over 3%. Still, one whale continued to accumulate LINK tokens, betting on a potential recovery. According to LookOnChain, the whale withdrew 65,000 LINK tokens worth $1.8 million…
Crypto custodian firm Hex Trust officially launches HT Market MENA, enabling institutional investors to make crypto-fiat conversions through the firm’s licensed custody platform. In a press release received by crypto.news, the crypto custodian stated that the services provided by the firm on HT Market MENA are available for institutional clients and investors that have accumulated an on-ramp fund threshold of 368,000 AED or equal to $100,000. Hex Trust Markets offer clients fully-licensed access to its ecosystems, where they can generate yield through on-chain staking solutions and perform transactions with support provided by a global trading team. The launch of HT…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The web3 ecosystem is a hotbed of innovation, offering bold solutions that promise to decentralize systems and empower individuals. Yet, for all its potential, web3 has yet to become a mainstream phenomenon. Adoption remains slow, hindered by a steep learning curve and significant barriers to entry. Decentralized physical infrastructure networks—otherwise known as DePINs for short—represent a new frontier in this space, with the potential to transform industries by making infrastructure faster and cheaper to deploy. However, taking…
Deutsche Bank is reportedly building a Layer 2 under an asset-servicing pilot project called Dama 2 as part of the lender’s goal to clear regulatory hurdles for institutions who want to use public blockchains. According to a Bloomberg report published on Dec. 18, German banking giant Deutsche Bank AG is in the process of building a “so-called” Layer 2 for a public network. The lender hopes the project will clear regulatory challenges faced by financial firms trying to incorporate public blockchains into their operations. Last month Deutsche Bank released a test version of Project Dama 2, which includes a Layer…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. myDid transforms digital identity management with a secure, decentralized platform that prioritizes user control and privacy. In a world where digital identities play a crucial role, managing them securely and independently remains a major challenge. Centralized solutions expose users to risks such as data breaches and loss of control over personal information. myDid, a decentralized application and web studio, offers a smart solution that prioritizes user security and autonomy. The myDid application myDid is a decentralized application that enables…