The Bitcoin network has hit yet another all-time high in mining difficulty after a steady climb since last July’s lows. On-chain analysis tool CoinWarz indicated on Feb. 18 that mining difficulty reached a new high of 27.97 trillion hashes (T). This is now the second time in three weeks that Bitcoin (BTC) has hit a
Bitcoin (BTC) saw its first major test of $40,000 for several weeks overnight, but what price zones are traders watching next? Whether long or short-term, the answer for many is simple: the range is still intact. Bitcoin wobbles after “moment of truth” On the back of macro pressures, BTC/USD saw a moderate sell-off on Feb.
Bitcoin (BTC) continued its decline further into the week as BTC clung to the $40,000 support level on Feb. 18. BTC price up-down debate “mostly noise” While many analysts anticipated BTC’s price to fall toward $30,000 next, mostly based on technicals, Jurrien Timmer of Fidelity Investments lambasted the downside bias, calling it “mostly noise.” Bitcoin has been
XRP addresses that hold at least 10 million native units have returned to accumulating more in the past three months, a similar scenario that preceded a big rally for the XRP/USD and XRP/BTC pairs in late 2020. The return of XRP ‘mega whales’ A 76% spike in XRP “mega whale” addresses since December 2021 has been
Bitcoin (BTC) fell through $40,000 as Wall Street opened on Feb. 18 with analysts watching lower levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin falls to two-week lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD teasing a $40,000 breakdown throughout Friday, with several attempts seeing bounces higher before the level finally gave way.
Recent research shows that decentralized exchanges that distribute tokens via airdrops see a big boost in user numbers and transactions. But, is building communities this way just crypto’s version of printing money? Airdrops — the disbursal of free tokens to early users as a way of rewarding and building momentum — have been around for
Nonfungible tokens have largely been acquired as proof-of-profile pictures (PFPs) that represent a brand, embody culture or ultimately, reflect as a static status symbol. Blue-chip NFTs like Bored Ape Yacht Club or Cool Cats were not originally backed by any tangible utility other than speculative value and hype, along with the promise of an illustrative
Bitcoin (BTC) and Ether (ETH) price are still being hard hit by the current wave of volatility and this is leading traders to go back to the drawing board and readjust their short-term expectations. On Feb.17, Bitcoin price briefly dipped below $40,000 and Ether failed to hold support at $2,900, raises the chance of a drop to $2,500.
Ripple was the first company to leverage crypto to tackle the trillion-dollar challenges associated with cross-border payments. Many companies have entered this space to address the pitfalls that businesses and consumers alike experience when interacting with our current financial system, but without addressing the underlying infrastructure that this system was built on – financial institutions,
[embedded content] Building great products and teams is something Dushyant Acharya has approached with passion in his eighteen months as a Senior Manager in Engineering at Ripple. The road to creating the Internet of Value isn’t linear, but Dushyant navigates with commitment and enthusiasm. “I absolutely love everyone I work with, especially my team,” says
The world is fast moving towards a crypto-first future. One in which every company will have a strategy for how to leverage crypto, tokenized assets, smart contracts and more to transfer value and fuel a rising tide of global digital transactions and commerce. Liquidity – the ability to instantly, seamlessly and affordably exchange assets –
Today, Ripple is releasing a framework for cryptocurrency and digital asset regulation: A Real Approach to Cryptocurrency Regulation. This approach is designed to offer an immediate and pragmatic way forward that accounts for the dynamic capabilities of cryptocurrency and digital assets. We believe the best public policy outcomes can be achieved by public-private collaboration, adapting
We’re excited to announce a new partnership with the Republic of Palau to explore the country’s first national digital currency and its use cases with the XRP Ledger (XRPL). The partnership will initially focus on developing strategies for cross-border payments and a USD-backed digital currency for Palau. This could see the implementation of the world’s
[embedded content] In this special Apex edition of The Ripple Drop, we run down the highlights of the inaugural event, then zoom in to look at Ledger City and xApps, two of the many exciting projects being built on the XRP Ledger (XRPL) that were featured at Apex. Apex is a Hit The first-ever Apex
Digitization and COVID-19 Put Underserved Market Remittances Under Pressure The term gray market might conjure up images of nefarious players exchanging cash in shadowy alleys. In reality, gray markets have become an unfortunate necessity for those that lack the financial resources to operate within the traditional payment system. These informal remittance channels are often censured
The turn of the calendar year is a popular time to reflect on the prior one and look ahead to the next. While the sudden and remarkable explosion of non-fungible tokens (NFTs) in 2021 showcased yet another mainstream application for blockchain, the past year in crypto was largely marked by consistent growth and maturation in