Features News Daily TheBitTimes.com

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Ripple’s XRP cryptocurrency has struggled in 2025, and with altcoin season around the corner, analysts are wondering if it can still reach $4. The cryptocurrency was poised for a big year, but so far has failed to find any momentum. While the overall crypto market has been down this year, Ripple’s popularity and 2025 success places a stronger focus on its recent struggles. The new US SEC regime under the leadership of Mark Uyeda is currently playing an instrumental role in wrapping up pending legal cases against multiple organizations. For instance, the SEC has concluded a variety of cases against multiple organizations, including Coinbase and Ripple Labs. The conclusion of this case appears imminent, and could send XRP surging just in time for altcoin season’s start. With that, could XRP still reach a high of $4 this Spring? Will Ripple XRP Set a New High of $4 this Altcoin Season? Despite the lackluster market environment, Ripple’s XRP is expected to rally over the ...

Amidst the increased volatility in the cryptocurrency community, Ripple was seen expanding. The firm behind XRP did not let the bearish market stop it from entering new regions. More recently, the platform announced its entry into South Korea through a partnership with a prominent digital asset institutional custody firm, BDACS. Ripple’s latest partnership is expected to further boost the presence of XRP in the country. But has this deal impacted the price of the altcoin? Also Read: Broadcom (AVGO) Jumps 5%, AI Stocks Bounce Back: $250 Next? A Dive Into The Latest Partnership Source: Watcher Guru The latest collaboration intends to aid Ripple & BDACS in expanding South Korea’s institutional custody market and opening up new commercial and technological prospects. In line with the Financial Services Commission’s (FSC) plan for South Korea, Ripple and BDACS are collaborating to facilitate institutional investment in the cryptocurrency industry. Through this partnership, ...

South Korea’s Financial Services Commission (FSC) is weighing a new proposal that would require crypto executives to obtain regulatory approval before taking up a role. In a document published on its official website on Feb. 5, the FSC says it is working on a set of new improvements that would require new executives of crypto businesses to obtain regulatory approval s before taking up a position. While specific details of the proposed initiative remain pending revision by the Ministry of Government Legislation, it is understood that the amendments are anticipated to come into effect by the end of Q1, 2024. This regulatory move extends beyond crypto though, reflecting the FSC’s broader aim to assert increased authority over the financial market. FSC Chair Lee Bok-hyun emphasized a commitment to cracking down on lax risk management practices, stating that authorities “will not tolerate practices of passing on risks to consumers and society by privatizing short-term pro...

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...