Author: driver789

The XRP price seems to have encountered significant resistance to its growth over the week. As of Wednesday, April 22, the cryptocurrency tried but failed to close above $1.4540, and subsequent movements did not even reach the resistance region.  While the XRP price continues to struggle, recent on-chain analysis suggests momentum might be building right beneath the surface. Hence, in the presence of the right conditions, the growing momentum could be the much-needed fuel for XRP’s breakout from its present stalemate.  Whale Outflows On Binance Rise To 94.4% In a recent Quicktake post on CryptoQuant, analyst Amr Taha highlighted a…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Barely a month after its first transaction with BitMine, the Ethereum Foundation has announced another sale of significant amounts of Ether tokens to the digital asset treasury (DAT) company. BitMine Picks Up Additional 10,000 ETH From Ethereum Foundation In an April 24th post on the X platform, the Ethereum Foundation disclosed that it has “finalized the terms” of a 10,000 ETH sale, with BitMine as the counterparty in an over-the-counter (OTC) deal. This OTC transaction was reportedly completed at an average cost of $2,387 (equivalent to nearly…

XRP (XRP) has rallied more than 30% in the last three months, and fresh technical and on-chain signals suggest the XRP/USD pair may have more upside ahead.XRP/USD daily chart. Source: TradingViewKey takeaways:Exchange outflows, positive whale flows and strong ETF demand raise XRP’s bullish outlook.A wedge setup sees the price rising roughly 30% by June.Nearly 35 million XRP in exchange outflows boost upside caseAs of Saturday, XRP Ledger (XRPL) had recorded nearly 35 million XRP in exchange outflows in the last 24 hours, logging its sixth-largest daily outflow of the year, according to Santiment.Large exchange outflows typically suggest investors are moving…

Mythos, the new AI model from Anthropic that has sparked fear and confusion in traditional tech and finance, is also driving a massive shift in how the crypto industry thinks about security.For years, decentralized finance has focused its defenses on smart contracts. Code is audited, vulnerabilities are cataloged, and many common exploits are well understood. But Mythos, a model designed to identify and chain together weaknesses across systems, is pushing attention beyond code and into the infrastructure that supports it.“The bigger risks sit in infrastructure,” said Paul Vijender, head of security at Gauntlet, a risk management firm. “When I think…

Crypto pundit Star has highlighted that crypto decentralization is a myth, noting that crypto networks and firms can freeze funds. The pundit specifically alluded to the Tether freeze and Arbitrum’s move to freeze the crypto assets stolen by the Kelp DAO exploiter.  Pundit Highlights Crypto Decentralization Myth In an X post, Star stated that centralization has been exposed inside TRON USDT. The pundit noted that Tether just executed the largest freeze in its history, freezing $344 million USDT, which it carried out in coordination with OFAC and the U.S. law enforcement. This was executed directly through the USDT smart contract,…

The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against New York to stop the state from applying its gambling laws to federally regulated prediction market platforms, escalating a growing clash over who has authority to oversee these products.In a complaint lodged in the US District Court for the Southern District of New York, the CFTC argued that federal law gives it exclusive authority over these markets, asking the court for a declaratory judgment and a permanent injunction against New York’s enforcement actions.“CFTC-registered exchanges have faced an onslaught of state lawsuits seeking to limit Americans’ access to event contracts…

Something important happened in Belgium earlier this year. KBC, the country’s largest bank-insurance group, switched on regulated Bitcoin and Ether trading for retail investors through Bolero, its self-directed brokerage platform.What matters is not only that a major European bank enabled access to digital assets. It is how that access was introduced: within an existing regulated platform, inside an established client journey, and as part of the broader financial environment customers already use.That model says a great deal about where the market is heading.The first era of bank-distributed digital assets was ring-fencedFor the better part of a decade, banks that touched…

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…

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Brazilian authorities have moved to shut down 27 prediction market platforms, including Kalshi and Polymarket.The decision, announced Friday, follows a directive from the Ministry of Finance and enforcement by the National Telecommunications Agency (Anatel), according to state-owned news outlet Agência Brasil. Authorities claimed that such services fall outside Brazil’s current legal framework and therefore operate illegally.“We have been monitoring the evolution of this sector in Brazil, which suffered a period of anarchy because there were no rules, no oversight, from 2018 to 2022,” Finance Ministry executive secretary Dario Durigan reportedly said during a press conference at the Palácio do Planalto.The…