Crypto Hacks and Scams Soar to $3B in 2024, Up 15% from 2023
The crypto industry endured a challenging 2024 as Crypto Hacks and Scams capitalized on vulnerabilities, resulting in a staggering $3.01 billion in losses, according to blockchain forensic firm PeckShield. This represents a 15% increase from the $2.61 billion recorded in 2023, further underscoring the persistent security challenges plaguing the digital
Ripple Leverages Chainlink Standard to Boost RLUSD Stablecoin’s DeFi Integration
Ripple announced to leverage the Chainlink Standard to integrate its RLUSD stablecoin into decentralized finance (DeFi) applications. This collaboration aims to enhance RLUSD’s functionality within the DeFi space by providing real-time, secure, and verifiable pricing data on the Ethereum blockchain. RLUSD: A Step Towards DeFi Integration RLUSD is Ripple’s enterprise-grade, USD-pegged stablecoin,
RLUSD Stablecoin Poised for Major Exchange Expansion
Monica Long, President of Ripple, revealed that the RLUSD stablecoin is set to significantly broaden its reach on major exchanges. Currently available on a limited number of platforms, RLUSD aims to align its growth with Ripple’s expanding digital payment solutions. What is the Current Situation of RLUSD? RLUSD, a relatively new
Dogecoin Faces Pullback Amid Market Uncertainty
Dogecoin, the leading meme coin, has seen a significant drop in price recently, raising concerns among investors. After hitting a high of $0.4830 in December, the cryptocurrency fell to a low of $0.3415 on January 8, triggering a wave of liquidations. While the bearish sentiment is palpable, some analysts remain
Crypto Market Dips Amid Inflation Concerns and Policy Uncertainty
The cryptocurrency market faced significant declines on Wednesday, with Bitcoin, Ether, and other major tokens retreating sharply. Escalating fears of prolonged inflation and tighter monetary policy weighed heavily on investor sentiment. Bitcoin and Ether Lead the Decline Bitcoin fell 5% to $96,527 on Wednesday in Asia, retreating from its peak
Thailand to Launch Pilot Cryptocurrency Payments in Phuket by 2025
Thailand is preparing to roll out a pilot program in 2025, allowing tourists in Phuket to make transactions using Bitcoin (BTC). The initiative aims to integrate digital currencies into everyday payments and enhance the country’s appeal to international visitors. Deputy Prime Minister and Finance Minister Pichai Chunhavajira announced the plan
According to a Brad Garlinghouse report, XRP holdings have surpassed $100 billion as trading volume has increased.
Ripple CEO Brad Garlinghouse has announced that the firm’s earlier evaluated valuation of $11 billion is not correct, citing the company’s XRP holdings and rising market demand for its blockchain solutions. The announcement follows developments in Ripple’s financial position and the broader cryptocurrency market. XRP Holdings Transform Ripple’s Financial Outlook
XDC Network Price Eyes To Hit $0.2 With A Breakout Rally?
Amid the ongoing bullish recovery in the crypto market, the altcoin market has experienced a significant uptrend over the last few days. Moreover, mid-cap altcoins such as XDC Network have surged ~40% over the 7 days, indicating an increase in the bullish sentiment. Will XDC Network price maintain its bullish
Backpack Exchange Acquires FTX EU, Eyes Regulated Crypto Derivatives Market
In a strategic move set to reshape Europe’s crypto trading landscape, Backpack Exchange has acquired the European arm of the bankrupt FTX empire, FTX EU, for $32.7 million. This acquisition positions Backpack as a leading player in the burgeoning regulated cryptocurrency derivatives market across Europe. A MiFID II-License and New
Ripple Surpasses Ethereum in South Korea’s Crypto Rankings
A recent survey reveals Ripple (XRP) has surpassed Ethereum (ETH) as the second-most popular cryptocurrency among South Korean investors, while Bitcoin (BTC) continues to hold its long-standing position as the top choice. Bitcoin Reigns Supreme From 24 to 26 December 2024, a survey conducted by Korean news outlet News1 gathered
