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XRP has fallen to the fifth position and still continues to fight after experiencing a 1.38% surge over the week. The altcoin is currently trading at $0.7064 after witnessing a 1.98% fall in one day. Bollinger Bands and ADX confirm that the volatility and trend’s strength may become weak. Falling to the fifth position, XRP is currently trading at $0.7064 after witnessing a 1.98% fall in one day, according to CoinMarketCap. Earlier, XRP was seated at the fourth position, which was a result of the massive double-digit spike it experienced. However, at the reported time, the altcoin still continues to hold its ground after it experienced a 1.38% surge over the seven-day period. The surge that the altcoin is still experiencing could be one of the reasons that XRP is still residing in the green zone. XRP Chart (Source: CoinMarketCap) Taking a look at a few indicators, XRP’s trend strength and volatility in the market may reduce as the days pass. Although the strengt...

Binance, a leading exchange, often introduces new Features to enhance user experience and drive industry progress.  These advancements often create enthusiasm and excitement among investors who acknowledge their potential influence on investment tactics. A recent addition to Binance’s services is the option to deposit funds to multiple addresses simultaneously. DigiToads, a new meme coin project, is also attracting attention as investors explore its potential.  Binance’s continuous development Binance now allows users to create multiple deposit addresses for one network, addressing user feedback. This update improves fund management flexibility and efficiency on the platform. Initially, the feature supports ERC-20 tokens and is compatible with platforms like Arbitrum One and BNB Chain. Binance has plans to extend this functionality to additional blockchains in the future. You might also like: Optimism overtakes Arbitrum in daily transactions after W...

Aside from SHIB, the leading gainers daily are QNT and MKR. Bitcoin’s price performance is disappointing, but the commodity has stayed above $29,000 at least. The cryptocurrencies are also in the green, with DOGE and SOL gaining up to 2%. SHIB has risen the highest among the top 20. Bitcoin Remains At $29K Regarding price performances, there have never been more exciting times in the crypto world. With a sharp decline at the beginning of the week, Bitcoin fell from over $30,000 to a monthly low of slightly under $29,000. At this time, the bulls stepped in and drove the asset barely over that line. Little to no change was seen during the following days, and even the US Fed’s Wednesday interest rate hike fell to produce increased volatility as it had in the past. BTC traded inside a narrow band between $29,000 and $29,500 for the whole business week except for a few hundred dollar pumps and dumps. Although its market cap has stayed below $570...

Meme coins have emerged as a significant trend in crypto, largely inspired by the influence of internet culture and social media.  These coins have gained traction due to their entertaining and interactive Features .  However, Dogecoin (DOGE) and Floki (FLOKI) are under pressure, declining from their recent highs. This has prompted investors and traders to question their stability and overall investor confidence. DigiToads (TOADS) stands out by offering full utility to its holders. Users can earn passive income through non-fungible token (NFT) staking. Moreover, play-to-earn (P2E) gaming is attracting investors. Combined, these Features have been propping TOADS prices. In this article, we will provide an unbiased Analysis of the reasons behind the losses of DOGE and FLOKI while also examining the drivers behind the gains of TOADS.  DigiToads  is thriving DigiToads is a decentralized finance (defi) project gaining traction due to its Features and functionali...

Interest in XRP remains high with a volume-to-open ratio high on major exchanges. In the last 24 hours, XRP has added 2.23% to its token price. Palau recently conducted a trial for its stablecoin, set to run on the XRP ledger. With Ripple’s victory celebration still fresh, XRP continues to attract interest in the crypto market. According to digital assets market data provider Kaiko, the open interest ratio on XRP futures trade remains above average on major exchanges. The volume-to-open interest ratio is used to measure trade activities on major exchanges. When the interest metric is high, it means there is an increase in buyers and sellers willing to trade the token, signaling speculative interest. For bystanders, a decent volume-to-open interest ratio could be a good sign to trade in such a token. Similarly, data from CoinMarketCap show that XRP is in the positive region, adding 2.23% to its token price. At the time of press, the token is exchanging han...

After the cryptocurrency market crashed earlier this week, a few whales sold millions of dollars worth of Wrapped Bitcoin (WBTC) and Ethereum (ETH). According to blockchain tracker Lookonchain, one whale unloaded 150 Wrapped Bitcoin worth $4.36 million for $29,053 per WBTC. According to Lookonchain, Another whale sold 3,967 Ethereum worth $7.32 million for $1,846 per ETH. For $1,844, a third whale dropped 7,115 ETH, valued at $13.12 million. A WBTC ERC20 token with a 1:1 Bitcoin (BTC) backing. The asset is made to combine the abilities of an ERC20 token with the power of Bitcoin, allowing users to build smart contracts for Bitcoin and allowing traders to transfer Bitcoin between exchanges much more quickly. Prices for both assets dropped on Monday. ETH’s price dropped from a high of $1,904 on Sunday to a low of $1,842 on Monday. The second-ranked cryptocurrency by market capitalization is currently selling for $1,864. On Sunday, WBTC reached a high of ...

Also Read: US Fed’s Jerome Powell Says Rate Hike Possible In September FOMC Meet advertisement US Dollar To Struggle Ahead? Robert Kiyosaki in an X (earlier Twitter) post stated that around 41 nations might attend a meeting on August 22, 2023, in South Africa to gang up against the US Dollar. He highlighted the word “Gang Warfare”. He expects that the BRICS (Brazil, Russia, India, China, and South Africa) and other nations will team up to launch the “BRIC” currency. The BRIC currency will be backed by gold. Kiyosaki added that 1 BRIC will stand equal to 1 ounce of gold, this will lead the gold price to somehow reach $3000. Gold Spot is trading at an average price of $1972, at the press time. On Wednesday, the US Dollar faced challenges amid scrutiny of the US Federal Reserve’s policy decisions and Chairman Jerome Powell’s comments on the policy outlook. The USD index, which measures the dollar against six major ...

Research analyst Tom Wan warned that traders should look out for the daily WLD unlocks starting today. 3 million tokens, worth approximately $7.7 million, will be unlocked for the community every day. At press time, WLD was worth $2.36 after its price surged by 16+% over the past 24 hours of trading. Worldcoin (WLD) secured the top spot on CoinMarketCap’s trending list after its price surged by more than 16% over the past 24 hours of trading. The token was launched on Monday, and since then has been rather successful after being listed on some of the top exchanges in the world including Huobi, Bybit, Binance, and OKX. WLD is a cryptocurrency initiative co-founded by Sam Altman, the CEO of OpenAI. The project’s primary goal is to revolutionize digital identification by introducing the concept of a World ID – a verification system ensuring the authenticity of the ID holder as a genuine human being. However, the project’s iris-scanning orb has receive...

Also Read: XRP, DOGE Among Top Altcoins In Market Depth Spike After Ripple Ruling advertisement Cardano is known for being one of the busiest blockchain networks in terms of Github developer submissions. Also, with the resurgence of XRP token, network upgrades and integrations could go a long way in expanding reach of the altcoins in the months to come. Cardano Upgrades, Launches On Monday, July 24, 2023, Cardano protocol Indigo announced the successful completion of integration tests with the ORCFAX oracle, a move that helps the protocol implement decentralized oracle feeds. Similarly, Spectrum Labs, a trustless protocol for programmable cross-chain messaging, was launched on Cardano. Also, MuesliSwap, a Cardano based Decentralized Finance (DeFi) ecosystem, had launched OptionFlow, a decentralized option protocol built on Cardano. OptionFlow offers transparent and trustless option creation and redemption, and therefore enabling new ways to manage the De...

Join Our Telegram channel to stay up to date on breaking news coverage The Australian Securities Exchange has enacted another postponement in regards to the launch of its planned blockchain settlement system. The reason for this delay, in particular, is attributed to the significant uncertainties that the coronavirus pandemic has caused. Delay Amid Coronavirus Crisis Initially, ASX had the expectation of activating the new system as early as the end of 2020. However, the thing was delayed until April of next year. As per the announcement made on Wednesday, the date has been pushed back to a later, unspecified date, as the exchange tries to gain some stability in the coronavirus crisis. Peter Hiom, the deputy CEO of ASX, gave a public statement regarding the matter. He explained that recent events had forced ASX to replan the entirety of its implementation of the replacement system for the Clearing House Electronic Subregister System or CHESS for short. Hiom stated that ASX was...

Join Our Telegram channel to stay up to date on breaking news coverage Worldcoin (WLD), the token that underpins Open AI co-founder Sam Altman’s crypto project, soared in first day trading today. Worldcoin ramped up publicity for the coin over the weekend and it paid off with the token surging 110% to a high of $3.58. It’s pared gains since then and traded up 55% at $2.59 at 9.30 EST on volume of almost $330 million. “This is a huge deal,” said Tiago Sada, head of product, engineering, and design at Tools for Humanity, which oversees the project, in an interview with Decrypt. “The project has been in beta for a while now and in development for even longer, so we’re really excited to finally make this happen.” Worldcoin Aims to DistinguishHumans From AI Worldcoin was founded in 2019 with the goal of creating a globally-inclusive identity and financial network. The project consists of “ a privacy-preserving digital identity networ...

Elon Musk is all set to rebrand Twitter’s iconic blue bird logo into X. The reshaping of the social media giant could also integrate payment systems across the world. Users might be able to send and receive money through Twitter’s X, hinted the billionaire in a recent interview. Musk is bullish on X and forecasted that the payment integration could become half of the global financial system. However, he cautioned that its success could be possible only if things fall into place as planned and are done right. Also Read: U.S. Economy To Reach Hyperinflation if BRICS Becomes Global Currency “X would become half of the global financial system,” said Musk adding, “if done right”. The tech entrepreneur did not reveal further details about the payment systems but laid it out there that Twitter could take a new turn in the financial world. Elon Musk says if done right, X would become half of the global financial system. pic.twitter.com/HoslcIxR...

The recent Multichain hack caused price fluctuations on the Fantom blockchain. The price differences led to what some have called the smartest arb in crypto history. Opportunistic traders reportedly bought USDC at a 50% discount and offloaded it for a profit on other chains. The suspicious outflow of funds from cross-chain router protocol Multichain earlier this month triggered a domino effect that involved the devaluation of crypto assets on the Fantom blockchain, which relied on Multichain for maintaining accurate trading prices in its ecosystem.  The devaluation led to differences in prices of the same crypto assets on different chains, which paved the way for what experts described as the smartest arbitrage in crypto history. Arbitrage refers to a type of trading that takes advantage of the fluctuation in the price of assets in different markets. This allows traders to profit from the minor difference in prices of the same asset across several marketplaces.  ...

The amount of social engineering attacks in the cryptocurrency industry has been rising, with major execs getting hacked recently. Binance CEO Changpeng “CZ” Zhao is the latest figure in the cryptocurrency industry to warn against the increasing number of phishing attacks. CZ took to Twitter on July 21 to warn his readers about phishing and other social engineering scams . He also recommended cryptocurrency exchange users rely on hardware devices for two-factor authentication (2FA), instead of using mobile carrier-based 2FA for example. “Best to enable 2FA with a hardware device (Yubikey) on all crypto exchanges,” Binance CEO wrote. Zhao’s warning came shortly after Uniswap founder Hayden Adams had his Twitter account compromised on July 20. After taking over Adams’ account, the attacker attempted to scam his followers through a malicious link posted on his page. Members of Crypto Twitter have quickly identified and warned others against the scam. Adams subsequently restored access...