Last week, Ripple made a case for XRP’s use as a ‘bridge asset’ between CBDCs, and this week, the company made a case for issuing stablecoins on the XRP Ledger (XRPL). Acknowledging the OCC’s decision that granted banks permission to support stablecoins on public blockchains, Ripple CTO David Schwartz stated that XRPL can be usedContinue reading “Ripple CTO says banks can issue stablecoins on XRPL”

Flare announced today that they will be integrating Litecoin ahead of the Flare Network launch in Q2. According to a tweet from the Flare Networks, this integration will allow LTC to be used trustlessly on Flare with Ethereum style smart contracts and gives LTC interoperability and composability. Flare also stated that in light of theseContinue reading “Flare Networks to bring smart contracts to Litecoin”

As 2% of all ETH supply is now in the ETH 2.0 deposit contract, the total value staked is around 2.2 million $ETH. This shows immense confidence on part of the Ethereum community, as the price of the asset traded crossed $1200, rallying over 70% in the past week alone. Ethereum Founder Vitalik Buterin recentlyContinue reading “$300 million staked in ETH 2.0 is the ‘ultimate bet on progress’ says Buterin”

Crypto derivatives exchange Deribit just added Bitcoin options with a $300K strike price and December 2021 expiry. This move is hugely bullish for Bitcoin, as traders who enter this position believe that the price of the cryptocurrency will exceed $300K at the end of the year. The market-leading cryptocurrency has rallied significantly over the pastContinue reading “Crypto-exchange Deribit adds Bitcoin options with $300K strike”

Decentralized exchange Mettalex has integrated Chainlink price feeds into its platform, according to an announcement earlier today. Chainlink’s integration will enable decentralized price oracles for a variety of new assets including cryptocurrencies, crypto indices, real-world indices, fiat currencies, and the world’s most popular commodities. Mettalex will also be able to utilize Chainlink’s price feeds onContinue reading “Decentralized exchange Mettalex integrates Chainlink price feeds”

Bitcoin’s active addresses reached a new all-time high, according to data from on-chain analytics platform Glassnode. The previous cycle that saw a record number of active addresses was during the bull run in late 2017, which saw a significant amount of interest from retail traders. Many have postulated that this bull run is vastly differentContinue reading “Bitcoin’s active addresses reach a new ATH”

XRP, at the time of writing, was the second-best performing coin in the market, with the crypto rising by over 33% in the past 24 hours to touch a price level of $0.3145. In fact, the aforementioned surge in XRP’s price brought down the cryptocurrency’s monthly losses to 53% from over 75%, a development thatContinue reading “Binance whales are Net Short on XRP after alt rises by >33%”

Despite its ongoing legal troubles, Ripple appears to be continuing its mission to position XRP as a “bridge asset” between Central Bank Digital Currencies (CBDCs). In a recent blog titled “The Future of CBDCs,” Ripple argued, “XRP is faster, less costly and more scalable than any other digital asset, making it the ideal instrument in bridgingContinue reading “Ripple continues to position XRP as ‘bridge asset’ for CBDCs”

Another day, another ATH for Bitcoin. Within hours of Bitcoin breaching the $37,000-mark, the world’s largest cryptocurrency went past the $38,000-mark, recording yet another ATH in the process. At the time of writing, BTC had fallen again, with the crypto valued at $38,001 after corrections set in. However, BTC only fell after recording an ATHContinue reading “Bitcoin goes past $38,000 briefly to touch new ATH; Is $40,000 next?”

It’s been a good few weeks for the cryptocurrency market. On the back of Bitcoin climbing to one ATH after another and Ethereum going past $1000 on the price charts, the market hit yet another milestone today after the cumulative market cap of the industry hit the $1 trillion mark for the first time ever.Continue reading “$1 trillion! Crypto market cap touches new ATH after Bitcoin rallies”

With the crypto-market booming, regulatory clarity is increasingly becoming the need of the hour. However, most countries have struggled to provide any degree of clarity, with the United States of America being one of them. However, while there are many who want such clarity, there are others who are balking at the need for moreContinue reading “Exchanges’ survival is tied to regulatory compliance, says Bittrex COO”

Since the introduction of FinCEN’s proposed rule on 23 December 2020, many entities in the crypto-space have issued statements fiercely opposing it. The latest crypto-company to issue a statement is popular Bitcoin ATM operator CoinFlip, with the company coming out against the U.S Treasury’s proposed rule. “The agency’s self-imposed rush has resulted in a flawedContinue reading “DeFi, DEXs will be hurt the most by ‘misguided’ regulations: CoinFlip’s Weiss”