Here are the top 5 altcoins to watch as the broader digital currency ecosystem enters a new era with the recent spot Bitcoin ETF approval. The altcoin market is likely to explode following the approval of the spot Bitcoin ETF product by the US SEC. If expert projections come to pass, Bitcoin’s price might rally…
Data shows the cumulative amount of XRP tokens burned by the XRP Ledger (XRPL) has crossed 12 million units. According to statistics from XRPScan, a leading blockchain explorer service for the XRPL, the 12,001,657 has been burned off XRP’s 100 billion max total at the time of reporting. Panos Mekras, co-founder of Anodos Finance, called…
The net asset value (NAV) of the 21Shares Ripple XRP ETP (AXRP) currently stands at $16.45, with assets under management valued at $50.4 million amid strong investor confidence. The 21Shares XRP exchange-traded product (ETP) has continued to command investor interest over four years after its inception in April 2019. The Crypto Basic spotlighted the investment…
David Schwartz, a Ripple top executive, has openly shared his lingering apprehension about the prudence of Ripple’s choice to lock billions of XRP in escrow. In a recent comment on X, David Schwartz, who is CTO at Ripple, revealed his reservations about the firm locking 55 billion XRP in escrow, noting that he never considered…
There is a growing clamor that a spot XRP ETF might be around the corner following the historic approval of multiple spot Bitcoin ETFs by the United States SEC. After years of waiting, the spot Bitcoin ETF is now a reality, with trading for the funds set to open trading anytime now. With the SEC…
Leading crypto payments company Ripple Labs will buy back a substantial amount of its shares in a bid to bolster investors’ confidence. The development was first revealed to Reuters by an anonymous source. According to Reuters, Ripple will buy back $285 million of its shares from its employees and early investors. The source said that…
Following the long-awaited Bitcoin spot ETF’s regulatory approval, prominent crypto community figures now argue an XRP ETF is next. On January 10, the U.S. Securities and Exchange Commission (SEC) granted accelerated licenses to proposals for 11 Bitcoin spot exchange-traded funds (ETFs). The agency communicated the approvals in a statement on its website. The proved ETFs…
The Ripple CTO David Schwartz has come up to debunk claims that Ripple sold 237 million XRP last December, sharing XRP, XLM, and ADA charts to dispel the circulating XRP price suppression theories. Schwartz’s latest remarks came as a reply to the official X account of The Good Morning Crypto Podcast. Citing data provided by…
The United States Securities and Exchange Commission (SEC) has finally approved the launch of Bitcoin spot exchange-traded funds. In a groundbreaking move, the securities regulator approved a total of 11 spot-based Bitcoin ETF applications filed by top asset management companies. Some asset managers that received the SEC’s blessings include Ark Invest and 21Shares, BlackRock, Fidelity…
Several entities, including Changelly, ChatGPT and Google Bard, have projected a timeline for Shiba Inu (SHIB) to clinch the ambitious $0.01 price target. Shiba Inu (SHIB) was a victim of the recent market-wide collapse, which saw the crypto asset drop to a 1-month low of $0.00000827 on Jan. 2 amid a massive 21% decline from…