A blockchain sleuth recently aimed to uncover the reason behind the Ripple support for the proposed Automated Market Maker (AMM) feature on the XRP Ledger (XRPL). The AMM, which is currently under voting, would allow anyone to act as a liquidity provider and earn rewards for any trading pair on the blockchain network. This is…
Larry Fink, the Chief Executive Officer of BlackRock, the world’s largest asset management firm, has commented on the potential for an exchange-traded fund (ETF) involving XRP. In a recent interview, FOX senior correspondent Charles Gasparino specifically asked Larry Fink about the prospect of an XRP ETF. This question comes amid the U.S. regulator’s approval of…
Hong Kong-based digital asset group rebalances its global crypto index, as Solana replaces XRP in the top 5 large cryptocurrency index. The Hong Kong Virtual Asset Consortium (HKVAC) has made changes to its core cryptocurrency index. HKVAC removed XRP from the Top 5 Large Cryptocurrency Index, replacing the Ripple-affiliated coin with Solana (SOL). According to…
Bitcoin (BTC) has seen a remarkable spike in its hash rate and other core network data following the emergence of 11 spot Bitcoin Exchange Traded Fund (ETF) products in the United States. According to data from crypto insights provider Glassnode, the Bitcoin hash rate has reached a new All-Time High (ATH) of over 600 EH/s….
Polygon (MATIC) has recently experienced a significant surge in its value, largely attributed to the excitement generated by the approval of spot Bitcoin ETFs in the United States. This landmark decision by the SEC has not only boosted Bitcoin but also had a ripple effect on altcoins, including Polygon (MATIC). Starting 2024 around the $1…
The crypto market has recently seen a large influx of presale tokens. Yet, only a few offer any actual utility. Currently, Stellar and Binance Coin Investors have their eyes fixed on a presale project called Pullix. Pullix has emerged as one of the top altcoins to watch in the presale industry. Analysts believe it can…
It’s natural for cryptocurrencies and exchanges to work on new innovations and developments that are aimed at easy access, better user experience and user retention. Recently, Binance smart chain updated its network with a few new dApps for users. As this will grant Binance more attention, Meme Moguls also stand as a strong contender. Meanwhile,…
The likelihood of transforming Bitcoin (BTC) as an interplanetary currency has sparked a debate with Elon Musk at the forefront of the conversation. The emergence of a spot Bitcoin Exchange Traded Fund (ETF) product has sparked some theses on how additional use cases could be brought into the BTC network. The use of Bitcoin on…
A notable figure in the XRP community has argued the irrelevance of an XRP exchange-traded fund (ETF) amid heightened calls for such an investment vehicle. In a recent post on X, Black Swan Capitalist founder Versan Aljarrah argued that XRP exists to serve the purpose of a currency rather than an exchange-traded fund. Aljarrah claimed…
Cathie Wood, American investor and CEO of Ark Invest, expects only three to four spot BTC ETFs to survive, asserting that most of them would either close down or consolidate to larger companies. Wood recently made this statement while speaking on the spot Bitcoin ETF race in a Yahoo Finance interview. Notably, the approval of…