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The world has been quite hard on XRP. But the aforementioned narrative is now changing as XRP inches towards claiming a new price threshold. Ripple is marching towards robusting its price momentum, and has already started to show its mettle on various leading crypto platforms. Here’s how Ripple may fare this August 2024 Also Read: Ethereum ETFs Approved: Here’s How High ETH May Trade This August Ripple Outperforms Bitcoin, Ethereum, And Solana Source: WatcherGuru Ripple (XRP) is now establishing its own price pace as the token is currently trading at a minimal yet stable price level. At press time the token is sitting at the $0.60 price level. Dubbed a crucial price threshold for XRP, if Ripple manages to break this barrier, the token can adapt to a healthy price pace. Per recent stats, XRP has recently outperformed Bitcoin, Ethereum, and Solana on major crypto ex change s. A notable crypto analyst Jack the Ripple r took to X to share the news, adding how XRP has outpaced leading ...

The biggest cryptocurrency ex change in the world, Binance, has chosen to remove Cardano (ADA) and Polygon (MATIC) perpetual contracts from its listing. According to a formal announcement made on August 10, the ex change ’s decision is the result of its desire to stop offering USDS-M perpetual contracts for ADABUSD and MATICBUSD. The ex change will start the delist ing process and make the appropriate change s to leverage and margin levels following the automated settlement scheduled for August 10. Binance will close out holdings for ADABUSD and MATICBUSD It should be noted that the action is related to recent regulatory developments, possibly involving the Securities and Exchange Commission’s (SEC) categorization of Cardano and Polygon tokens as securities. This categorization has triggered legal actions against significant exchanges, such as Binance and Coinbase, which have reverberated across the cryptocurrency ecosystem. Although Cardano and Polygon strenuously r...

Amid an exceptionally bullish period for the majority of assets in the cryptocurrency sector, Bitcoin (BTC) is performing particularly well, as it has already surpassed a price mark at $52,000, and its amount on crypto ex change s suggest more gains in the future. As it happens, the amount of Bitcoin held in crypto wallets on known digital asset exchanges has dropped to its lowest level in six years, according to the recent information shared by renowned crypto trading analyst Ali Martinez in an X post published on February 14. Specifically, as per the chart patterns analyzed by the crypto expert, this amount stood at just 2.34 million BTC on February 13, dropping significantly over the last week and suggesting a “growing trend of investors moving their BTC off ex change s, potentially indicating a shift toward long-term holding.” Bitcoin on known exchanges. Source: Ali Martinez On the other hand, Martinez also earlier warned that a technical Analysis (TA) indicator that has ofte...

JP Morgan Coin, or JPM Coin, is a digital token for institutional investors, introduced by JPMorgan Chase. This coin aims to streamline and enhance the efficiency of financial transactions within the institutional sector.  As JPM Coin makes waves, Meme Moguls is planning a meme-focused stock exchange . It is a platform where users would be able to trade famous and new memes.  JPM Coin: traditional finance meets cryptocurrency In 2019, JPMorgan introduced JPM Coin to help big clients make payments using blockchain technology. These clients may send dollars and euros over a private blockchain network with ease thanks to JPM Coin.  It’s also critical to remember that JPM Coin is 1:1 correlated with the US dollar. It is powered by the Quorum Blockchain, a private Ethereum network developed by J.P. Morgan.  JPM Coin reached a significant milestone earlier in October when it began processing $1 billion in transactions daily. Still, t...

This article is jointly published by Dilation Effect and WuBlockchain. Evaluating the security measures of cryptocurrency exchanges is a complex task, as gaining insights into the specifics of their internal security investments can be challenging. Dilation Effect has previously conducted an analysis focusing on smart contract approval, a unique dimension, to scrutinize wallet addresses of top industry exchanges and institutions. This time, we approach the issue from both the attacker’s and the user’s perspectives to analyze the security mechanisms of mainstream exchange accounts, as these directly impact the safety of user funds. I. Password Leaks in Mainstream Exchange Accounts We attempted to filter domain names associated with mainstream ex change s using publicly available data breach search websites. Our data sources included the dark web, file-sharing platforms, and historical datasets of leaked account information. It’s worth noting that malicious actors also undertake similar...

Despite the Central Bank of Nigeria (CBN)’s Feb. 5, 2021 directive that instructed banks to block crypto entities from the financial system, the demand and use of cryptocurrencies have continued to grow. Not even the central bank’s subsequent crackdown on crypto entities it accused of defying the directive has succeeded in suffocating demand for cryptocurrencies. Africans Need ‘Access to the World of Cryptocurrency’ In contrast, Nigerians appear to have shunned the CBN’s digital currency — the e-naira. Despite the central bank’s attempts to present the e-naira as an alternative to cryptocurrencies, local residents seemingly still prefer the latter. According to Benjamin Eseoghene, the founder and CEO of a local crypto ex change , the residents’ reluctance to use the e-naira could be tied to the CBN’s failure to fully sensitize the masses about it. Eseoghene, whose company Roqqu.com recently received approval to operate in Europe, told B...