XRP is seeing a huge jump in activity lately, and it’s all over the blockchain. Active Addresses Explode A recent analysis shows a massive increase in active XRP addresses – a whopping 620% increase in just one week! This means many more people are buying, selling, and moving XRP around. An active address is simply…
Bitcoin’s price recently took a tumble, causing investors to offload a significant amount of their holdings at a loss. This sell-off wasn’t just a minor dip; it resulted in a massive $818 million in realized losses – the second largest this year. What is Realized Loss? On-chain data, specifically the “Realized Loss” metric, tracks the…
The Securities and Exchange Commission (SEC) is changing its tune on crypto. Instead of its previous aggressive tactics, it’s now taking a more collaborative approach. No More “Gotcha” Games? SEC Commissioner Hester Peirce says the agency is moving away from using enforcement as its primary regulatory tool. This means fewer lawsuits and investigations against crypto…
Ripple’s CTO, David Schwartz (aka “JoelKatz”), recently set the record straight: Ripple doesn’t owe XRP holders anything. This sparked a lot of discussion in the crypto world. Ripple First, XRP Holders Second? Bitcoin advocate Pierre Rochard ignited the debate, arguing on X (formerly Twitter) that Ripple isn’t obligated to prioritize XRP investors. He pointed out…
Crypto whales, those big-money investors, made some serious moves recently, gobbling up billions of dollars in XRP and Cardano (ADA) in a single day, according to analyst Ali Martinez. XRP Whale Activity Martinez reported that whales purchased nearly $2.16 billion worth of XRP in just 24 hours. At the time, XRP was trading around $2.41….
The Consumer Financial Protection Bureau (CFPB) unexpectedly dropped a major lawsuit against some of America’s biggest banks. The suit accused JPMorgan Chase, Wells Fargo, Bank of America, and Zelle of failing to protect customers from a staggering $870 million in fraud losses. Millions Lost, Lawsuit Gone The lawsuit, filed just last December, claimed that the…
El Salvador’s Bitcoin experiment is facing major hurdles. The International Monetary Fund (IMF) is pushing the country to significantly curb its use of Bitcoin as a condition for a $1.4 billion loan. Stricter Bitcoin Rules The IMF’s demands are tough. El Salvador must: Stop buying Bitcoin with public money. No more government Bitcoin purchases. Shut…
Coinbase CEO Brian Armstrong thinks the US government’s new crypto reserve should only hold Bitcoin. Armstrong’s Bitcoin-Only Proposal Armstrong, via X (formerly Twitter), suggested a Bitcoin-only reserve would be the best approach. He believes Bitcoin has the clearest path to becoming a digital gold standard compared to other cryptocurrencies. He added that if a more…
Bybit, a major cryptocurrency exchange, suffered a massive hack in February, losing roughly $1.4 billion in crypto. CEO Ben Zhou recently gave an update on the situation. The Heist The hack, attributed to the Lazarus Group, involved the theft of approximately 400,000 ETH-related tokens and other assets. This ranks as one of the largest crypto…
Bitcoin’s price has plummeted, sending shockwaves through the crypto market and plunging investor sentiment into “extreme fear.” A Rollercoaster Ride The crypto market started the week strong, fueled by positive news. But that optimism quickly evaporated. Bitcoin, which briefly touched $95,000, crashed to $82,600—erasing all its recent gains and then some. In just 24 hours,…
