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Fiona Murray, Ripple’s VP of Sales in APAC (Asia-Pacific), more than 500 companies have partnered with the fintech company and use XRP as a bridge currency. Murray made the revelation at the Ripple Payment Roadshow in Melbourne, Australia. The Australian Trade & Logistics Corporation (ATLC) hosted the event earlier this year in August. Also Read: Ripple XRP to Rally 200% and Hit $1.88: Predicts Analyst According to Murray, “ Ripple believes in utility. Ripple has always taken that baseline technology, and we’ve said from the beginning that every technology needs a use case. For us, the very clear use case is payments. “ Murray further highlighted that the XRP ledger is built for payment services. Also Read: Does Rite Aid Do Money Orders? Will Ripple’s XRP token rally to $1? Source – Crypto Institutional adoption is one of the biggest drivers for the price of an asset. Ripple has over 500 companies that use its services. Moreover,...

Bitcoin (BTC) is facing a challenge in maintaining its position above the $38,000 mark. Still, there is resilience among the bullish sentiment, leading some experts to speculate an increased likelihood of a rally towards the $40,000 threshold. For two consecutive days, Bitcoin has been striving to stay above the resistance level of $38,000, aiming to initiate the next phase of its upward trajectory. Recent developments, such as the United States Securities and Exchange Commission (SEC) postponing its decision regarding Franklin Templeton and Hashdex exchange-traded fund (ETF) applications, have sparked curiosity in the market. In a recent post on X (formerly Twitter), Bloomberg ETF analyst James Seyffart suggested that the SEC’s decision delay might be a strategic move to potentially approve all applicants by the January 10, 2024 deadline. While many market analysts anticipate approving ETF listings as a pivotal moment for Bitcoin, Joshua Lim, the head of deri...

Top blockchain oracle provider Chainlink (LINK) is flashing a potentially bullish signal, according to the crypto analytics firm Santiment. Santiment says LINK witnessed a “massive amount” of older coins moving wallets on Tuesday. Explains the firm, “Big older coin movement typically is followed by big price movements, which is what occurred September 15th, resulting in a +31% LINK price climb the following two weeks.” Source: Santiment/X LINK is trading at $14.48 at time of writing. Chainlink also ranks high on the list of crypto projects in terms of development activity, according to Santiment. The decentralized oracle network clocked 349.87 GitHub commits in the past 30 days, the sixth-highest amount of any crypto project. Interoperability blockchain Polkadot (DOT) and its canary test network Kusama (KSM) top the list with 551.7 commits each. Ethereum (ETH) competitor Cardano (ADA) ranks third with 515.37, peer-to-peer payments netwo...

Ethereum (ETH) competitor Cardano (ADA) is currently sitting in a “key demand zone,” says crypto analyst Ali Martinez. Martinez tells his 33,800 followers on the social media platform X that 166,470 wallets acquired 4.88 billion ADA worth more than $1.85 billion while the asset has been trading between $0.37-0.38. “With minimal resistance ahead and solid support below, remaining above this zone could pave the way for ADA to climb to new yearly highs. Still, watch out, as losing this support level could trigger a brief correction to $0.34.” Source: Ali Martinez/X Martinez also notes that the Tom DeMark (TD) Sequential indicator presented a sell signal on ADA’s weekly chart. The TD Sequential indicator is used by traders to predict potential trend reversals based on the closing prices of the 13 previous bars or candles. Explains the analyst, “Losing the $0.37 level as support could trigger a correction toward $0.34 or $0.33. AD...

BTC price encounters classic resistance as sellers refuse to let Bitcoin crack through its November ceiling. Bitcoin (BTC) shrank back from resistance after the Nov. 29 Wall Street open as United States GDP figures beat expectations. BTC/USD 1-hour chart. Source: TradingView GDP sets tone for macro-sensitive crypto Data from Cointelegraph Markets Pro and TradingView followed a familiar BTC price retracement on short timeframes. Bitcoin bulls had managed to propel the market above $38,000 the day prior, only to flip flop around that level before ultimately dropping as U.S. macro data hit. This showed Q3 GDP accelerating beyond anticipated levels, coming in at 5.2% versus 4.9%, respectively. This renewed concerns over how the Federal Reserve might handle policy ahead of an interest rates decision in mid-December. “5.2% is the final reading, it will mark the highest GDP growth since Q4 2022,” financial commentary resource The Kobeissi Letter wrote in part of a reaction on X (formerly Tw...

As the major ity of assets in the cryptocurrency sector are back to trading in the green, Dogecoin (DOGE) is facing a major obstacle to bullish continuation, but if it manages to overcome it, the famous dog-themed meme digital asset might double its price . Specifically, this major hurdle for Dogecoin currently stands at $0.087, marked by the convergence of the 0.786 Fibonacci level and both the 100-week and 200-week exponential moving averages (EMAs), as observed by the crypto analyst Ali Martinez on November 28. According to the renowned crypto trading expert, the ninth-largest cryptocurrency by market capitalization “breaking past this barrier could open the gates for DOGE to nearly double its price, aiming for a target of $0.14,” as illustrated in the chart pattern analysis. Dogecoin price action analysis. Source: Ali Martinez Meanwhile, Dogecoin has recently also recorded a massive milestone of 5 million DOGE addresses with a balance, coinciding with a remarkable surge in ...

This Ethereum layer-2 platform pioneered a novel approach to a critical component of blockchain transactions, effectively mitigating vulnerabilities associated with centralized structures. In their quest for scalability and cost-effectiveness, many layer-2 networks adopt a centralized approach to on-chain transaction processing, introducing a single point of failure vulnerability. The Metis blockchain, however, has pioneered a distributed sequencer pool to improve security and decentralization. The Ethereum blockchain introduced smart contracts to automate certain events on the network , laying the foundation of decentralized finance (DeFi). As the DeFi ecosystem continues its exponential growth, however, the limitations of Ethereum have become clear. Despite last year’s migration to proof-of-stake, partially addressing the scalability issues of the Ethereum blockchain, the Ethereum network remains expensive when it comes to gas fees — the cost of each transaction executed on the blo...

ISLM is now on TokenPocket a renowned multi-chain self-custodial wallet. This represents a substantial leap in Haqq’s mission to provide the global community with a comprehensive and Sharia-compliant financial tool. TokenPocket’s broad influence, with over 3.5 million monthly active users in more than 200 countries, is in line with ISLM’s vision. This collaboration marks a significant milestone for the ISLM community as it provides a convenient and effective means of managing digital assets. Users can now seamlessly convert their ISLM into stablecoins like $USDC directly in the TokenPocket wallet, eliminating the need for centralized exchanges or bridges. This functionality is not just a feature; it’s a significant boost to our community, simplifying the process of diversifying their digital portfolios while staying true to Shariah principles. Expanding ISLM’s Reach with a Mission-Driven Approach ISLM’s mission-driven approach has been instrumental in...

Changpeng Zhao, commonly known as “CZ,” has stepped down as Chairman of Binance.US’s Board of Directors. The recent announcement by Binance.US regarding Changpeng Zhao, known as “CZ,” is stepping down as Chairman of its Board of Directors, marking a significant moment in the cryptocurrency sector. We wanted to provide an update to the https://t.co/AZwoBOgsqS community in light of last week’s news regarding CZ and https://t.co/IZwa5M2U8b. As you know, https://t.co/AZwoBOgsqS was launched with the express purpose of serving United States customers in accordance with all… — Binance.US (@BinanceUS) November 28, 2023 You might also like: New Binance CEO Richard Teng: Here’s what you need to know The company stated, “As [Zhao] transitions to life after Binance, he has decided to step down from his role as Chairman of our Board of Directors and transferred his voting rights through a proxy arrangement.” The move comes amidst a lan...

Dunamu reported a net profit of $23 million in the third quarter of 2023, a steep drop compared to the $123 million it earned in Q3 2022. Dunamu, the owner of Upbit, one of South Korea’s biggest crypto exchanges by trading volume, saw a drop of 81.6% in net profit in the third quarter of 2023 compared to the same period last year.  The company reported a net profit of 159.9 billion Korean won (KRW), worth around $123 million, in 2022 Q3. However, on Nov. 28, the company said that in the third quarter of this year, it could only generate 29.5 billion KRW, worth around $23 million. This marks a drop of 81% in the company’s net profit . The firm cited a “sluggish investment market” due to an economic downturn as the reason for its sales drop. In addition, Dunamu noted that the decline in net profit was because of the drop in the prices of virtual assets compared to the previous quarter.  Nevertheles, Dunamu believes that popularizing blockchain services will be a key driving force i...

Despite starting the day on a bearish foot, much like the rest of the cryptocurrency sector, Terra Classic (LUNC) and TerraClassicUSD (USTC) have still recorded impressive results in the days before, leading to increased chatter in the crypto sphere and suggesting possible ‘fear of missing out’ (FOMO). As it happens, Terra Classic and the TerraClassicUSD stablecoin are trending among traders following the major price surges from previous days, according to the most recent data shared by the crypto on-chain and social metrics platform Santiment in an X post on November 28. LUNC and USTC top trending charts. Source: Santiment Specifically, the crypto platform’s social trends for top trending token leaders from November 27 have placed USTC in the very first place with a price increase of 198% in the 48 hours leading up to that date, followed by LUNC with a 31% price growth during the same period, with Bitcoin (BTC) coming in third. Indeed, as the platform’s team noted: ...

Telegram-based casino TG.Casino could be the next crypto to explode like Rollbit says a growing roster of analysts and experts after it raised $3 million in presale, with only $2 million left to be snapped up by eager investors. With TG.Casino players can gamble online without KYC because you only need a Telegram account and a crypto-funded wallet to get started. Over 2,000 players regularly attend, wagering $20 million on the casino, live events, and sportsbook. Presale buyers can immediately start staking newly purchased tokens to earn a generous three-figure annual percentage yield (APY). There are also exclusive benefits for presale buyers active on the platform. Post-launch, there will be even more benefits for $TGC token holders, including exclusive post-launch NFTs and other rewards for high-roller presalers who invest $5,000 or more (see more information below). There are only four days to go before the presale price of the $TGC token increases...

Argo Blockchain, a key player in the Bitcoin mining industry, has appointed Thomas Chippas, a veteran in digital assets and financial services, as its new CEO and Director, signaling a strategic shift amid the company’s recent challenges and market fluctuations. Argo Blockchain, a prominent player in the Bitcoin mining and technology sector listed on both the London Stock Exchange and Nasdaq, has selected Thomas Chippas as its new CEO and Director. Argo is excited to announce the appointment of Thomas Chippas as Chief Executive Officer and Executive Director. Thomas was previously the CEO of CBOE Digital and has prior executive experience at Citadel, Axoni, Citigroup, and Barclays. Full RNS: https://t.co/sPpRBKozIZ — Argo (@ArgoBlockchain) November 27, 2023 You might also like: Argo records $18.8m net loss despite increased mining efforts Chippas, whose career spans across various leadership roles in the financial services and digital assets sphere, is poise...

South African Ambassador Anil Sooklal confirmed that Pakistan has formally sent its application to join the BRICS alliance. Pakistan is taking the help of Russia to be inducted into BRICS and the move is angering India. BRICS member India is unhappy that Russia is cementing ties with Pakistan and initiating trade deals using local currencies. Russia is actively supporting India’s rival Pakistan and started a series of direct flights from Islamabad to Moscow. Also Read: BRICS: Why Is the Indian Rupee Crashing Against the US Dollar? Pakistan also purchased 45,000 tonnes of crude oil from Russia recently and the transaction was settled in the Chinese Yuan and not the US dollar. India doubts that China and Russia are using BRICS as a stepping stone to strengthen their local economies. Previously, India has shown displeasure in using the Chinese Yuan for payments and wants the US dollar to be used for settlements. BRICS: India Remains Unclear About Pakistan’s Entry...

Vitalik Buterin plans to overhaul ETH staking and has outlined the progression of Ethereum’s roadmap, particularly focusing on the forthcoming Dencun update. In a recent interview with the NFT platform Defiant while in Turkey, Ethereum’s co-founder Vitalik Buterin addressed the issue of staking centralization in the Ethereum network. Buterin underscored the importance of reforming Ethereum’s staking process to support more effective mining and staking pools, with the ultimate goal of boosting the platform’s de centralization . The initiative is a response to the challenges of data availability in off-chain systems, which have been sluggish due to high demands in the short and medium term. You might also like: Vitalik Buterin publishes article discussing dimensions of connectedness to Ethereum Vitalik Buterin outlines Ethereum’s roadmap ahead Buterin highlighted the upcoming Ethereum Improvement Proposal (EIP) 4844, known as Dankshard...

Nov 26, 2023 at 12:59 // Price Author Coin Idol Solana (SOL) has held above the moving average lines, although the uptrend has been interrupted since November 15. The cryptocurrency is now in a sideways trend. Solana (SOL) price long term prediction: bullish Solana traded between $51 and $68 last week in anticipation of a positive trend. Since November 23, the uptrend has been met with another rejection at the $60 high. If the sellers break the $51 support or the 21-day SMA, the altcoin will fall. The downside momentum will extend to the 50-day simple m...