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#ripple #xrp #xrpusd #xrpusdt #xrpbtc

XRP price started a major increase above $0.550 and $0.600. The price is now consolidating gains and facing hurdles near the $0.6480 zone. XRP price started a strong increase above the $0.550 and $0.580 levels. The price is now trading above $0.600 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with resistance at $0.640 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise if it clears the $0.640 resistance zone. XRP Price Eyes Additional Gains XRP price formed a base above $0.50 and started a major increase beating Ethereum and Bitcoin. The price was able to surpass the $0.550 and $0.580 resistance levels. The bulls even pumped the price above the $0.60 resistance. A high was formed at $0.6473 and the price is now consolidating gains. There was a move below the $0.6120 level. The price dipped below the 23.6% Fib retracement level of the upward wave from the $0.4920 swing low to the $0.6477 high. However, the bulls are active near $0.600. It is still trading above $0.600 and the 100-hourly Simple Moving Average. On the upside, the price is facing hurdles near the $0.6280 level. The first major resistance is near the $0.6380 level. The next key resistance could be $0.640. There is also a key contracting triangle forming with resistance at $0.640 on the hourly chart of the XRP/USD pair. A clear move above the $0.640 resistance might send the price toward the $0.6550 resistance. The next major resistance is near the $0.6720 level. Any more gains might send the price toward the $0.6880 resistance or even $0.700 in the near term. Another Decline? If XRP fails to clear the $0.640 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.6080 level. The next major support is at $0.600. If there is a downside break and a close below the $0.600 level, the price might continue to decline toward the $0.570 support or the 50% Fib retracement level of the upward wave from the $0.4920 swing low to the $0.6477 high. The next major support sits at $0.550. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.6080 and $0.5700. Major Resistance Levels – $0.6250 and $0.6400.

Just recently Donald Trump Jr had shared a tweet where he spoke about shaking up the crypto world with emphasis on Defi, he is soon back with a comment on memecoins. When questioned about the RTR (Restore the Republic) memecoin, he said that his project is a “larger type of platform” compared to meme tokens, …

Shiba Inu has experienced interesting price action in the past few days alongside market tensions across various industries. As highlighted recently by NewsBTC, a significant bearish trend in the stock market has extended its influence into the cryptocurrency space, and SHIB wasn’t left behind. As such, the meme token fell to $0.00001088, which is its […]

#ethereum #arbitrum #arb #arb price #arbitrum price #arbusdt #ethereum layer 2 #arbitrum orbit chains

Users of Arbitrum orbit chains, layer-3 solutions for Ethereum built on top of the platform’s technology stacks, can now pay gas fees using USDC. The move comes even as ARB, the native token of the Ethereum layer-2, continues to post lower lows, pushing losses to nearly 80% since January 2024 highs. Arbitrum Orbit Chains Support USDC For Paying Gas Fees In a press release, the decision to integrate bridged USDC aims to reduce gas fees and attract more developers. As of August 8, USDC is one of the top stablecoins by market cap. CoinMarketCap data shows that Circle, the stablecoin issuer, has minted over $34.5 billion of the token, mainly on Ethereum and its layer-2s. Related Reading: 3 Reasons Why Ethereum Is Struggling Today: Will ETH Break $2,000? It should be noted that USDC is also supported in other ecosystems, including Solana and the BNB Chain. Currently, over $1.6 billion USDC has been bridged to Arbitrum. By allowing users to pay gas fees using USDC, Arbitrum said they would be saved from the pain of enduring volatility typical in ETH. Depending on demand, gas fees tend to fluctuate, rising by several folds when there is congestion in the mainnet. This volatility tends to impact user experience significantly. As such, some users opt for alternative platforms like Solana or Avalanche, where gas fees are relatively low. Since USDC is pegged to the greenback, it is stable. Accordingly, regardless of the decentralized app they use on Arbitrum’s orbit chains, users can predict gas fees, making it easier to budget and, more importantly, manage finances. Pushing Adoption, ARB Down 80% In 8 Months In the press release, Arbitrum added that this integration will free orbit chain users from holding multiple tokens, further enhancing user experience. Related Reading: More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap Circle also announced a grant program for projects looking to be built on Arbitrum. This may spur the adoption of USDC on the orbit chain. Despite the integration, ARB, the native token of Arbitrum, remains under intense selling pressure. As of August 8, the downtrend remains, and ARB is down nearly 80% from January 2024 highs. Even though prices have been consolidating, as evident in the daily chart, bulls need to push higher, clearing $0.60. However, a clean break above 40.80, or July highs, could spark demand. This surge may revive demand in the medium to long term. Feature image from DALLE, chart from TradingView

Ethereum price gained pace for a move above the $2,550 resistance zone. ETH is now consolidating near $2,680 and eyeing more upsides above $2,750. Ethereum started a decent increase above the $2,450 and $2,550 levels. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise steadily if it clears the $2,720 resistance zone. Ethereum Price Eyes More Gains Above $2,720 Ethereum price started a steady upward move above the $2,450 resistance level. ETH climbed above the $2,500 and $2,550 resistance levels like Bitcoin above $58,000. The price even cleared the $2,650 resistance but gains were limited compared to BTC. A high was formed near $2,722 and the price is now consolidating gains. It is still above the 23.6% Fib retracement level of the upward move from the $2,311 swing low to the $2,722 high. Ethereum price is now trading above $2,550 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD. The trend line is close to the 100-hourly Simple Moving Average and the 50% Fib retracement level of the upward move from the $2,311 swing low to the $2,722 high. On the upside, the price is facing hurdles near the $2,700 level. The first major resistance is near the $2,720 level. A close above the $2,720 level might send Ether toward the $2,800 resistance. The next key resistance is near $2,865. An upside break above the $2,865 resistance might send the price higher toward the $3,000 resistance zone in the near term. Are Dips Limited In ETH? If Ethereum fails to clear the $2,720 resistance, it could start a downside correction. Initial support on the downside is near $2,620. The first major support sits near the $2,550 zone. A clear move below the $2,550 support might push the price toward $2,450. Any more losses might send the price toward the $2,320 support level in the near term. The next key support sits at $2,250. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,550 Major Resistance Level – $2,720

In a significant legal victory for Ripple Labs, Judge Analisa Torres recently ruled in favor of the company in its prolonged legal battle against the US Securities and Exchange Commission (SEC), ordering a payment of $125 million to the regulator. The ruling also clarified that XRP, the cryptocurrency at the center of the case, is not deemed a security, marking a pivotal moment for the token’s future outlook. Analyst Sees Bright Days Ahead Following this landmark decision, the sentiment surrounding XRP has turned increasingly bullish. Crypto analyst Doctor Profit, in a new analysis report published post-ruling, highlighted the long-term potential of XRP.  Contrary to short-term trading strategies, Doctor Profit emphasized that XRP is designed for investors with a patient outlook, citing its historical price range of $0.42 to $0.72 over the past year. Acknowledging XRP’s past performance, Doctor Profit pointed out that in 2017, XRP surged by a remarkable 60,000%, showcasing its potential for explosive growth.  Related Reading: CryptoQuant CEO Says Bitcoin Price Could Reach New ATH If It Holds This Level Despite facing setbacks such as a significant crash in 2020 due to the SEC lawsuit, XRP has consistently maintained a position in the top 10 cryptocurrency market cap rankings alongside Bitcoin for over a decade. Moreover, the analyst said the recent US court ruling confirming that XRP is not a security has provided much-needed regulatory clarity and optimism for the token’s future.  Doctor Profit speculated on the possibility of a spot XRP Exchange-Traded Fund (ETF) in the works, aligning with past ETF approvals starting with Bitcoin, followed by Ethereum, and potentially XRP. Breakout Potential For XRP With the lawsuit pressure lifted, Doctor Profit expressed strong confidence in XRP’s bullish prospects, emphasizing the positive signals from both a regulatory and technical standpoint.  The technical analysis highlighted a key resistance level at $0.72, with a potential breakout signaling a bullish scenario for XRP’s price trajectory. Currently trading at $0.6150, the token has gained 23% in the last 24 hours alone, outperforming most of the market.  If the current uptrend holds, this key resistance level outlined by Doctor Profit could be breached, given the bullish catalyst and regulatory clarity the token has gained following the court ruling.  Related Reading: More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap If this and other higher levels are breached, Doctor Profit has outlined price targets for XRP, projecting a best-case scenario of $16 to $20 and a worst-case scenario of $4 to $7 within a one-year timeframe.  Lastly, leveraging insights gained over four years of investing in XRP, Doctor Profit advised investors to focus on strategic buy zones and remain steadfast in their long-term commitment to the cryptocurrency. Featured image from DALL-E, chart from TradingView.com

#bitcoin #coinbase #btc #bitcoin news #btcusd #bitcoin coinbase premium #bitcoin bullish #bitcoin bullish signal #bitcoin demand #bitcoin coinbase premium index

Data shows the Bitcoin Coinbase Premium Index has turned positive again, a sign that demand for buying BTC is back from the American investors. Bitcoin Makes Recovery As Coinbase Premium Index Turns Green As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin Coinbase Premium Index has surged into the positive territory […]

#bitcoin #bitcoin price #btc #btcusd #btcusdt #xbtusd

Bitcoin price gained pace for a move above $58,000 and $60,000. BTC is up over 10% and is signaling more upsides in the near term. Bitcoin started a decent increase above the $56,500 and $58,250 levels. The price is trading above $60,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $60,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might eye more upsides above the $62,500 resistance zone. Bitcoin Price Could Extend Gains Bitcoin price started a decent increase above the $55,500 resistance zone. BTC was able to clear the $56,500 and $58,250 resistance levels to move into a positive zone. The bulls even pumped the price above the $60,000 resistance. The price is up over 10% and the recent high was formed at $62,700. The price is now consolidating gains near the 23.6% Fib retracement level of the upward move from the $54,556 swing low to the $62,700 high. Bitcoin price is now trading above $60,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $60,000 on the hourly chart of the BTC/USD pair. On the upside, the price could face resistance near the $62,000 level. The first key resistance is near the $62,500 level. A clear move above the $62,500 resistance might send the price further higher in the coming sessions. The next key resistance could be $63,500. The next major hurdle sits at $65,000. A close above the $65,000 resistance might spark bullish moves. In the stated case, the price could rise and test the $67,000 resistance. Are Dips Limited In BTC? If Bitcoin fails to rise above the $62,500 resistance zone, it could start a downside correction. Immediate support on the downside is near the $60,700 level. The first major support is $60,000 and the trend line. The next support is now near $57,750 or the 61.8% Fib retracement level of the upward move from the $54,556 swing low to the $62,700 high. Any more losses might send the price toward the $55,000 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $60,700, followed by $60,000. Major Resistance Levels – $62,000, and $62,500.

Bitfarms stock had a strong trading session on Aug. 8 amid lower-than-expected losses in its latest quarterly earnings report.

Bitcoin has crossed the $62,000 mark for the first time since Aug. 3, and futures traders are scrambling to adjust their positions.

Dogecoin Core version 1.14.8 has been officially released and is now available for download on GitHub. This minor version release brings several crucial improvements aimed at enhancing the stability, efficiency, and security of the Dogecoin network and is recommended for all users. The update includes several important changes, notably several fixes that have been backported […]

On-chain data shows the XRP sharks and whales have expanded their holdings to a new all-time high (ATH) with a 10% jump in August. XRP Wallets With 10 Million To 100 Million Tokens Have Set A New Record According to data from the analytics firm Santiment, the XRP sharks and whales have sharply increased their holdings recently. The indicator of relevance here is the “Supply Distribution,” which tells us about the total amount of the cryptocurrency that a given wallet group is holding right now. Addresses or investors are divided into these cohorts based on the number of coins that they are currently carrying in their balance. A wallet holding 5 XRP, for instance, falls into the 1 to 10 coins group. Related Reading: Solana (SOL) Jumps 39% From Crash Low, But Is This Rally Sustainable? In the context of the current topic, the 10 million to 100 million tokens cohort is of interest. At the current exchange rate, this range converts to $6.13 million at the lower end and $61.30 million at the upper one. Clearly, the entities that would qualify for this group would be among the largest in the sector. More specifically, the higher end of the sharks and the lower end of the whales would fall inside this range. Generally, the influence of any entity on the network goes up the more coins that they hold, so the behavior of these large holders can be worth keeping an eye on, as it may end up affecting the market. Now, here is a chart that shows the trend in the XRP Supply Distribution for these sharks and whales over the past few months: As is visible in the above graph, the XRP sharks and whales have sharply increased their holdings during the past few days. Alongside the buying, the asset has seen a rebound from its crash, with a particularly large jump coming during the past 24 hours. This latest increase in the cryptocurrency’s price is a result of Ripple’s victory against the US Securities and Exchange Commission (SEC), as the court has ruled that the firm only has to pay $125 million of the $2 billion fine that the SEC had sought. Interestingly, the bulk of the shark and whale accumulation had actually come ahead of the news, implying that big money investors may have had anticipated the outcome. The Supply Distribution for the 10 million to 100 million coins group is now at a new ATH, as investors belonging to the cohort combined carry around 7.06 billion XRP, worth around $4.3 billion right now. This reflects an increase of more than 10% in August alone. In the same chart, Santiment has also attached the data for another indicator, the Social Dominance, which basically tells us about what percentage of social media discussions related to the top 100 cryptocurrencies that a given asset is currently occupying. Related Reading: Bitcoin Funding Rates Turn Negative: Shorts’ Turn To Get Squeezed? This indicator appears to have seen a sharp spike for XRP, which makes sense as users have been talking about the Ripple case closure and the price rally. Excessive hype, however, has historically not been a positive sign for the coin’s price. XRP Price XRP has almost made full recovery from the drawdown that had begun at the end of July as its price has returned to $0.61. Featured image from Dall-E, Santiment.net, chart from TradingView.com

Palantir shares closed higher as the intelligence company announced a deal with Microsoft to sell AI services to the US intelligence community.

#bitcoin #btc price #michael saylor #bitcoin price #btc #bitcoin news #btcusd #btcusdt #btc news

With Bitcoin (BTC) witnessing new gains as its price recovers from bearish trends, Michael Saylor, co-founder and former Chief Executive Officer (CEO) of MicroStrategy, is reaping the benefits. Saylor has been a vocal supporter and investor of Bitcoin for years. As the value of the cryptocurrency surges, so does his considerable BTC stash.  How Much […]

#bitcoin #btc price #crypto #bitcoin price #btc #bitcoin news #btcusd #btcusdt #crypto news #btc news #crypto analyst #analyst

A crypto analyst has maintained a bullish outlook on Bitcoin (BTC), the world’s largest cryptocurrency, predicting massive rallies in the future. The analyst projects that Bitcoin could rise as fast as it fell, mirroring the speed of its crash as it regains all the value shed during its decline.  Bitcoin Set For Rapid Recovery In an X (formerly Twitter) post on August 6, a crypto analyst identified as ‘The Crypto Dog’ has shared an optimistic forecast on the future outlook of Bitcoin. The analyst believes that Bitcoin may recover quickly from its recent market declines, highlighting that the pioneer cryptocurrency would regain its lost ground at a pace as swift as its previous crash.  Related Reading: Dogecoin Bounces Off Key Support Following Crash Below $0.1 The analyst’s bullish outlook on Bitcoin’s price comes after the cryptocurrency quickly rebounded from its former lows and maintained a crucial support level around the $54,000 price mark. Bitcoin’s resilience at maintaining a price above the $54,000 level could be a possible bullish signal, considering the cryptocurrency fell drastically below $50,000 in the previous weeks.  In recent days, Bitcoin has shown remarkable strength after witnessing a crash that led to more than 20% of its value wiped. Despite the substantial price decline, the cryptocurrency appears to be on a major recovery trend, steadily approaching the $60,000 point once again.  Earlier this year, Bitcoin rapidly rose to an all time high above $73,000, driven by the approval and launch of Spot Bitcoin ETFs. Following this rally to a new ATH, Bitcoin underwent its cyclic halving event which at the time was considered a bullish event that could propel the price of the cryptocurrency even higher.  Despite analysts’ bullish projections of Bitcoin during this bullish cycle, the cryptocurrency has faced major liquidations, driving its price down to new lows. Nonetheless, whales continue to buy Bitcoin at a rapid pace, taking advantage of the lower prices and accumulating over 30,000 BTC worth about $1.62 million.  Analyst Says Now Is The Best Time To Buy BTC A crypto analyst, identified as ‘the on-chain college’ has highlighted the most opportune time to invest in Bitcoin. The analyst suggests that if investors expect Bitcoin to rally to new highs within the next 6 to 12 months, now could be the perfect time to buy the cryptocurrency. Related Reading: Cardano Price Crash Below $0.3: Is It Time For You To Buy ADA? Sharing a chart of Bitcoin’s price movements, the analyst mentions the Mayer Multiple, a unique metric that compares Bitcoin’s current price to its 200-day moving average. He disclosed that Bitcoin’s Mayer Multiple is currently at its lowest level since the bottom of the 2022 bear market.  This implies that a low Mayer Multiple indicates that Bitcoin is undervalued, making it a potentially good opportunity to buy the cryptocurrency. At the time of writing, the price of Bitcoin is trading at $57,241, marking a 10.89% decrease over the past seven days, according to CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

The Bitcoin power law has come under intense debate, with critics on one side and fierce advocates on the other.

China’s elderly are joining crypto tapper cults, WazirX faces fraud probe and asset freeze, Do Kwon’s flight home delayed again: Asia Express

#dogecoin #meme coins #doge #altcoins #cryptocurrency #cryptocurrency market news

Currently at a turning point is Dogecoin (DOGE), the cryptocurrency that started as a joke but has lately attracted the interest of traders. Analysts and investors are keenly observing its price movements, if it can overcome a significant barrier. The $0.10 mark has emerged as an interesting number as some analysts think it will set in motion the meme coin to a fresh positive phase. Related Reading: Polkadot Developments Show Strength, Despite Coin’s 18% Loss A recent examination by Crypto Daily Trades Signals indicates that Dogecoin has demonstrated amazing endurance, especially when it recovers from critical support levels. According to Crypto Daily Trades, DOGE is now looking stronger and emerging from key support levels. He said “$0.10 Is a key area for us now. Since the bottom DOGE is up about 15%.” Popular crypto analysis tool Coincheckup, on the other hand, also emphasizes the significance of the $0.10 level and notes it as a possible starting point for further developments. Now the issue is if DOGE can maintain its speed and reach this threshold, therefore enabling notable price increase. $DOGE is looking stronger and coming up from Key Support levels. $0.10 Is a key area for us now. Since the bottom DOGE is up about 15%. Expect massive gains once we break $0.10 cents pic.twitter.com/Hrk9QwXuAx — Crypto Daily Trade Signals (@cryptodailyTS) August 7, 2024 $0.10: The Critical Threshold For Dogecoin, the $0.10 price point has become a critical threshold that both acts as a psychological barrier and a main gauge of future development capacity. Analysts at Coincheckup advise breaking over this level might cause a strong upward trend, maybe resulting in significant increases for DOGE investors. Market watchers’ identification of a triangular breakout pattern adds even more evidence for a positive surge’s probability. Still, landing $0.10 will not be without difficulties. The market is still erratic, hence even if Dogecoin has shown tenacity, it has to overcome this opposition if it is to keep on its upward path. A good break over this key level might signal the start of a new growth phase, therefore strengthening Dogecoin’s place in the larger crypto scene. At the time of writing, DOGE was trading at $0.09999, 0.8% in the last 24 hours, but sustained a 17.1% decline in the last seven days, data from Coingecko shows. Investor Sentiment And Market Influence The coin’s capacity to remain consistent in times of market downturns has given it a reputation as a “rugged” digital asset capable of withstanding volatility. This resiliency has inspired expectations that DOGE is headed for future expansion, particularly if it can keep up its present upward tendency. The direction ahead for Dogecoin will be much influenced by market dynamics. The wider cryptocurrency market has been characterized by uncertainty; several digital assets show significant price movements. Dogecoin has shown really good performance in spite of these factors, suggesting that it could be less influenced by more general market developments. DOGE is under intense observation by Coincheckup and other experts; many of them believe that a breakthrough over $0.10 would cause more purchasing demand and higher prices. Related Reading: Aave Protocol Unfazed By Market Jitters, Surges 21% Long-Term Outlook And Growth Potential Though growth is likely to drop to 64.81% over six months and 58.02% over the following year, a 109.84% rise in the next three months is projected. This implies that even if Dogecoin may keep increasing, it might run up against some obstacles at important psychological levels. Investors should be advised of the possibility for consolidation when the price of Dogecoin approaches these benchmarks. Still, the general attitude is positive; DOGE is a cryptocurrency worth keeping careful attention in the next weeks. Featured image from Pexels, chart from TradingView

#bitvm #vulnerability #bitcoin wallet hack #dark skippy #frostsnap #zerosync

Malicious firmware can embed secret data into a public Bitcoin transaction, which the attacker can then use to extract a person’s seed words.

The FTX verdict is out. US District Judge Peter Castel approved a $12.7 billion deal that requires the failed exchange FTX and its sister trade company, Alameda Research, to pay their debts. Related Reading: Bitcoin Eyes New Records: Staying Above $45,000 Might Be The Catalyst — CEO On August 7, 2024, a verdict was issued […]

Personal Avatars can be created to streamline video creation, or just for fun—with guardrails to prevent abuse. Here's our take.

#solana #sol #solana price #sol price #jump crypto #solana news #solana firedancer #jump crypto firedancer #jump crypto solana

Solana, Bitcoin, Ethereum, and the broader crypto market experienced a tumultuous start to the week, with one of the most severe price crashes since the collapse of FTX. While macroeconomic factors were primarily responsible for this downturn, substantial sell orders from Jump Crypto, a division of the prominent Chicago-based quantitative trading firm Jump Trading Group, also played a significant role. In the 10 days leading up to the crash, Jump Trading transferred $277 million worth of ETH to various exchanges, significantly intensifying selling pressure across the cryptocurrency market. Additionally, Jump Trading liquidated 11,500 ETH (valued at approximately $29 million) from its holdings in Lido Finance, further contributing to its extensive sell-off. This aggressive selling activity by Jump Trading has sparked widespread speculation regarding the firm’s potential full-scale withdrawal from the crypto sector. What Jump’s Rumored Exit Could Mean For Solana These movements have ignited speculation within the community regarding Jump’s potential withdrawal from the sector, a scenario that could have profound implications for specific projects, especially Solana. Jump Crypto has been deeply involved with Solana, not least through its development of the Firedancer validator client, which is set to become one of the most crucial components of the Solana network infrastructure in the near future. Related Reading: Solana (SOL) Jumps 39% From Crash Low, But Is This Rally Sustainable? Jonah van Bourg, a crypto analyst and host of the 1000x podcast, has provided an exposition on what the rumored exit of Jump’s crypto activities could mean for Solana. Van Bourg explains, “Jump’s rumored exit will impact Solana and Firedancer. Here’s my take: Jump would not build Firedancer for free. Based on what I have heard, I think it’s reasonable to assume that Jump received millions of units of locked SOL as compensation for their multiyear effort building a complex validator client.” The implications of Jump’s potential exit are multifaceted. Van Bourg suggests that despite the rumors, Jump is unlikely to completely sever ties with Firedancer or Solana immediately due to the “megacontracts” involved that include extensive legal documentation. This suggests a structured, rather than abrupt, transition, which may stabilize immediate impacts but introduces long-term uncertainties. “In other words, Jump can’t (and shouldn’t) walk away. Thus, Jump will probably continue to develop & support Firedancer for some time,” Van Bourg adds. Related Reading: Solana (SOL) Bounces 30% Amid Market Recovery, Analysts Remain Bullish Furthermore, the expert speculates on the financial motivations underlying Jump’s future involvement, “They will not be doing so out of an altruistic desire to design the decentralized utopia of the future, as Mustache Warrior would often claim (in an insult to everyone’s intelligence). Instead, this is unquestionably about vesting 8-10 figures worth of compensation.” Despite this, Van Bourg remains bullish on Solana in the near term, suggesting that fears of a massive sell-off by Jump are overblown. “I am not worried about Jump unloading their mammoth position anytime soon. I remain bullish SOL and have been accumulating on dips for some time,” he declares. Yet, he also pragmatically acknowledges the possibility of Jump reducing its position strategically post-Firedancer contract expiration, “once the Firedancer contract sunsets, it would be irrational to assume that an economic actor as savvy as Jump wouldn’t exit their length, especially at higher prices. This is precisely what they [probably] just did with their ETH and ETH ecosystem deals.” At press time, SOL traded at $154.17. Featured image from Chainalysis, chart from TradingView.com

The Redmond, Wash.-based tech giant will tap the big-data firm’s expertise to help government agencies push AI “beyond chat.”

#cryptocurrencies #regulation #joe biden #policies #white house #kamala harris

Representatives from Coinbase, Kraken, Ripple and Circle reportedly attended a video call with US policymakers to discuss their approach to crypto regulation.

#regulation

The meeting underscores the crypto industry's growing political influence and the need for clear regulatory frameworks as elections approach.
The post Crypto execs speak with White House advisers, but no promises were made appeared first on Crypto Briefing.

#bitcoin #btc price #bitcoin price #btc #taiwan #bitcoin news #samson mow #bitcoin taiwan

In a striking proposal at the 2024 Asia Blockchain Summit, Samson Mow, CEO of Bitcoin technology company JAN3, recommended that Taiwan should adopt BTC as part of its national reserve strategy by purchasing 83,000 units of the cryptocurrency. This figure is directly tied to Taiwan’s gold reserves, which are significantly higher relative to those of […]

The money-market fund is launching on the Ethereum scaling network as interest in tokenized funds surges.

#sec #ripple #xrp #xrp price #xrp news #xrpusd #xrpusdt #sec news #sec vs ripple #ripple news ripple vs. sec

The long-running legal battle between the US Securities and Exchange Commission (SEC) and Ripple finally concluded following Judge Analisa Torres’ judgment on August 7. With the lawsuit out of the way, crypto analyst CrediBULL Crypto predicts that the XRP price could soon surpass its all-time high (ATH).  XRP Price Is Set For A “Mega Run” To New ATH CrediBULL Crypto mentioned in an X (formerly Twitter) post that the stage is set for an “inevitable mega run for XRP. The analyst added that XRP hitting a new ATH is a matter of when and not if. XRP’s current ATH stands at $3.84, meaning the crypto token could rise above this price level soon.  Related Reading: Analyst Says Bitcoin Bottom Is Not In, Will Price Crash Below $50,000 Again? Before now, crypto analysts like RLinda had highlighted the conclusion of the case between the SEC and Ripple as one of the catalysts that could spark a massive rally for XRP. She asserted that this event would give XRP a “second life” to achieve a successful breakout above critical resistance levels.  Crypto analyst JackTheRippler predicted that XRP would rise to as high as $100 once the case between the SEC and Rippled ended. Crypto analyst Common Sense Crypto also alluded to the lawsuit while outlining why XRP can reach $100. The analyst suggested that the conclusion of the case will lead to the launch of a Spot XRP ETF, which can spark such a parabolic rally for XRP.  This lawsuit began in December 2020 and is believed to have hindered XRP’s growth, especially during the 2021 bull run when the crypto token failed to record significant gains or even close to breaking its ATH. However, that looks set to change as Judge Torres’ judgment has ended the lawsuit, at least for now, with an appeal still a possibility.  Judge Torres declared a $125 million penalty against Ripple for violating securities laws and an injunction against future violations. However, the $125 million is way below the almost $2 billion fine the SEC initially proposed. The court also ruled that the SEC cannot bar Ripple’s On-Demand Liquidity (ODL) sales.  XRP Is Just Getting Started Crypto analyst Mikybull Crypto stated that XRP’s current rally following the court’s ruling is just getting started while urging market participants to get ready for the “real fun.” Whatever happens, XRP holders will hope that the excitement about the end of the lawsuit can help send XRP above $1 in the short term.  Related Reading: Dogecoin Bounces Off Key Support Following Crash Below $0.1 Such a move will undoubtedly boost the confidence of these investors that XRP can reach the projected heights that these analysts say it will attain. It is worth mentioning that XRP failed to break the $1 resistance when Judge Torres declared last year that the crypto token wasn’t a security. As such, XRP’s price action will be one to watch.  At the time of writing, XRP is trading at around $0.60, up over 18% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

On the bright side, the company says there’s little risk it’ll become sentient and begin updating itself.

A study by Imperial College London examined 141 vulnerabilities in SNARK systems, mostly impacting system soundness and completeness.