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Cryptocurrency News
Crypto-News-Flash
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Image Credit: Crypto-News-Flash
IMF Labels XRP a Security? Ripple CTO Strongly Disagrees
- The IMF released an updated version of its Balance of Payments and International Investment Manual (BPM7), a financial reporting framework developed through consultations with over 160 countries, which introduced classifications for cryptocurrencies.
- There has been controversy over the classification of XRP as a security by the IMF, as its role as a bridge currency in cross-border payments sets it apart from other tokens.
- Ripple's CTO, David Schwartz, strongly disagrees with the classification and emphasizes XRP's decentralized nature and independence from Ripple Labs, stating that it should not be considered a security.
- In a U.S. court ruling in July 2023, XRP was determined not to be a security, contradicting claims made by the U.S. Securities and Exchange Commission (SEC). This legal victory has helped restore confidence in XRP and drive its price surge.
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Cryptopotato
4w
407
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Ripple (XRP) Price Analysis: Is This the Calm Before a Major Move?
- Ripple (XRP) is currently struggling with the critical 100-day moving average at $2.5 and experiencing low volatility.
- A breakout or rejection at this level is likely to trigger a significant move.
- On the daily chart, Ripple is encountering resistance at the 100-day moving average, suggesting a potential rejection.
- The 4-hour chart shows sideways consolidation and low trading activity, indicating a temporary balance between bulls and bears.
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Coinpedia
4w
385
Image Credit: Coinpedia
Did Crypto.com LIE? 70B CRO Tokens ‘Unburned’ –Will the Price CRASH Now?
- Crypto.com is facing controversy and investor outrage after allegedly reviving 70 billion CRO tokens that were supposed to be burned.
- Blockchain investigator ZachXBT labeled CRO a scam and accused Crypto.com of reintroducing the tokens that were previously burned, causing frustration among the community.
- The partnership between Crypto.com and Trump Media has caused a stir in the crypto world, but criticism of the project's centralization and manipulation has surfaced.
- Despite the controversy, CRO's price has shown some stability, with signs of a potential bullish pattern forming, indicating a possible rally in the future.
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Crypto-News-Flash
4w
26
Image Credit: Crypto-News-Flash
USD1 Stablecoin Launch: Trump-Backed Crypto Expands to Ethereum & BNB
- Former President Donald Trump-backed World Liberty Financial (WLFI) introduces USD1, a stablecoin pegged to the U.S. dollar, on Ethereum and BNB Chain blockchains.
- USD1's deployment on Ethereum and BNB Chain leverages the strengths of both networks, enhancing cross-chain liquidity and adoption.
- WLFI collaborates with market maker Wintermute and crypto custodian BitGo to ensure stability, credibility, and secure storage solutions for USD1.
- Despite its launch, USD1 is currently not tradeable as WLFI addresses regulatory compliance, emphasizing reliability and market positioning.
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99Bitcoins
4w
358
Trump Media Signs Agreement With Crypto.com To Explore US Crypto ETFs
- Trump Media & Technology Group (TMTG) has signed a non-binding agreement with cryptocurrency exchange Crypto.com to explore the launch of exchange-traded funds (ETFs) focused on digital assets in the US.
- The proposed ETFs will be launched through Crypto.com’s broker-dealer arm, Foris Capital US LLC, pending regulatory approval.
- The ETFs are expected to feature a “Made in America” theme and may include a diversified mix of digital assets and securities.
- Trump Media plans to introduce Truth.Fi Separately Managed Accounts (SMAs), and Trump-linked ventures in the crypto space have drawn political scrutiny and regulatory concerns.
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Cryptopotato
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26
Image Credit: Cryptopotato
BTC Stopped Ahead of $89K, CRO Explodes by Double Digits (Market Watch)
- Bitcoin's price movements were stopped ahead of the $89,000 resistance.
- Cronos (CRO) experienced significant gains, shooting up by up to 40% following a partnership announcement with Trump Media and Technology Group.
- Other altcoins such as DOGE and ADA also saw gains, while ETH, XRP, TRX, TON, and LEO marked insignificant losses.
- The total crypto market cap remains at $2.970 trillion.
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Bitcoinist
4w
363
Image Credit: Bitcoinist
Ripple CEO Says Trump’s Pro-Crypto Shift Sparked US Deal Surge
- Ripple CEO Brad Garlinghouse confirmed that US financial institutions and banks are increasing engagement with Ripple and XRP following the SEC's decision to end its investigation.
- The conclusion of the SEC investigation marks a significant turning point for Ripple and the broader digital asset sector in the US.
- Garlinghouse stated that Ripple has seen a noticeable shift in domestic engagement in the six weeks after President Trump's pro-crypto executive orders, signing more deals in the US.
- The increased interest from US financial institutions is seen as a significant development for the crypto industry as a whole.
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Crypto-News-Flash
4w
363
Image Credit: Crypto-News-Flash
Core Vault by Flare Changes the Way Liquidity Is Handled
- Flare has launched Core Vault in FAssets version 1.1 to optimize liquidity and ensure security.
- The Core Vault allows agents to transfer XRP to a dedicated vault address on the XRP Ledger and utilize their FLR collateral to print more FAssets or rearrange existing collateral.
- The Core Vault follows a daily routine of releasing funds from the previous day, processing withdrawal requests, and re-locking remaining XRP to enhance security.
- Flare is developing Flare 2.0, with features such as Trusted Execution Environments (TEEs) for cross-chain transactions, a partnership with Goldsky for faster data processing, and collaboration with ChainPatrol for enhanced security against digital attacks.
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TronWeekly
4w
35
Image Credit: TronWeekly
Dogecoin Price Prediction: Bullish Chart Formation Could See DOGE Price Explode
- Dogecoin price predictions are back in the spotlight with a bullish chart formation indicating a potential price explosion.
- DOGE currently trades at $0.18 and shows market momentum for a price increase.
- Analysts suggest a continued price reversal and the formation of an ascending triangle pattern, indicating Dogecoin's current uptrend.
- Meanwhile, Remittix aims to revolutionize international money transfers by connecting cryptocurrency systems and traditional financial institutions.
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Coinpedia
4w
146
Image Credit: Coinpedia
Dogecoin Holders Panic Meanwhile, DuragDoge’s Army Keeps Growing
- Dogecoin (DOGE) continues to plummet while DuragDoge ($DURAG) gains traction.
- DOGE's price fluctuations and recent whale activity raise concerns among holders.
- DuragDoge offers long-term rewards and attracts investors with its utility-driven features.
- $DURAG's presale success showcases its potential as a leading meme coin.
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TheNewsCrypto
4w
389
Image Credit: TheNewsCrypto
Binance to List Particle Network (PARTI)—What to Expect Next
- Binance has announced the listing of Particle Network (PARTI) as the 13th project in its HODLer Airdrops program.
- Approximately 233 million PARTI tokens, or 23.3% of the total supply, will be available for trading on Binance at launch.
- Particle Network is a Layer 1 blockchain that simplifies Web3 interactions and enables seamless cross-chain transactions through its dual staking model.
- The listing of PARTI on Binance could boost its visibility and generate excitement within the Binance community.
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99Bitcoins
4w
208
The Secret Ethereum Catalyst Wall Street Doesn’t Want You to Know!
- Ethereum, the second biggest cryptocurrency with a market capitalization of over $250 billion, is poised to pump.
- From a fundamental perspective, Ethereum has had promising upgrades and improvements, including the shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS) through the ETH 2.0 upgrade.
- The recent Dencun upgrade introduced dank sharding and improved the scalability of Layer 2 projects.
- Technically, Ethereum has bottomed and formed a bull flag pennant, with the potential for another price increase from around $2k to $3.5k.
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Coinpedia
4w
66
Image Credit: Coinpedia
Meme Index Presale Enters Final Week as Analyst Predicts 50x Post-Listing Surge
- Meme Index (MEMEX) enters its final week of presale before official exchange listings.
- Investors have shown interest, contributing $4.1 million during the presale phase.
- MEMEX offers four different cryptocurrency baskets with varying risk levels, providing investment opportunities for different risk appetites.
- The innovative approach and functionality of MEMEX have received positive endorsements, with an expert predicting 50x price potential.
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Cryptoninjas
4w
172
Image Credit: Cryptoninjas
Binance Staff Suspended Amid Insider Trading Allegations
- Binance has suspended a staff member amid allegations of insider trading.
- An internal investigation was launched after a whistleblower complaint was received.
- The employee, who was a part of the Binance Wallet team, allegedly front-ran a token launch using insider knowledge.
- Binance rewarded whistleblowers and pledged to cooperate with authorities.
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Blockonomi
4w
323
Image Credit: Blockonomi
Dogecoin (DOGE) Price: Bear Flag Pattern Suggests Possible 30% Decline to $0.11
- Dogecoin is testing key resistance levels around $0.18-$0.19, with potential for a 100% price increase
- Technical patterns suggest DOGE may be repeating historical bull cycles
- A bear flag pattern indicates a possible 30% decline to approximately $0.11
- The Dogecoin Foundation launched an 'Official Dogecoin Reserve' to enhance stability and attract institutional interest
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