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TOP cryptocurrency news of the last week

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Babel Finance lost more than $280 million in trading customer funds. The number of cases of hidden mining rose to a record level. The head of Binance sued Hong Kong partner Bloomberg and other latest cryptocurrency news. 

Cryptocurrency news aggregator: Monday

TeddyDoge cryptocurrency’s Pump&Dump led to 99.4% collapse in token price

Important cryptocurrency news today – the project team withdrew about $4.5 million in liquidity.

Tesla suffered a $170 million loss from the fall in cryptocurrency value

Many cryptocurrency news and articles have been written about the consequences of this event. The amount of digital assets remaining on the company’s balance sheet is $222 million as of June 30.

Cryptocurrency lender Voyager rejected FTX’s offer to buy back its assets

Lawyers for the bankrupt company called the bid from a major exchange and its investment arm Alameda, unprofitable for its clients.

Cryptocurrency news: Tuesday

Finding a $181 million Bitcoin hard drive in a landfill valued at $11 million

James Howells, who accidentally discarded a hard drive containing cryptocurrency, unveiled a trash sorting project. He hopes to find the lost device using artificial intelligence.

Titanium Blockchain CEO pleads guilty to $21 million fraud

The CEO of the crypto platform spent investor funds from the BAR token ICO to pay for loans and rent a condominium in Hawaii.

Binance CEO sues Hong Kong partner Bloomberg

Binance CEO Changpeng Zhao accuses journalists of defamation. This was Binance’s most important cryptocurrency news this week. 

Latest cryptocurrency news: Wednesday

Central African Republic will issue citizenship and land plots secured by Sango token

The Central African Republic sold more than 5% of the first issue of the new cryptocurrency in two days.

Harmony offered to issue billions of ONE tokens to cover losses

Blockchain developers have submitted a plan for the community to refund users of funds stolen in the Horizon blockchain bridge hack.

The number of hidden mining incidents has risen to record levels

Cybercriminals are switching to cryptojacking instead of using ransomware viruses.

Thursday

Nirvana stackcoin and ANA token plummeted 90% after hacking report

An attack on Nirvana Finance’s DeFi platform resulted in $3.5 million in cryptocurrency being withdrawn by hackers.

Damien Hirst will burn thousands of originals of his work for NFT project

The collection created by the artist in 2016 consists of 10 thousand paintings. Almost half of them will be burned and remain only in digital form.

Development of virtual universes brought Meta a loss of $5.7 billion

The holding company’s Reality Labs division continues to record losses quarter after quarter.

Cryptocurrency news now: Friday

Babel Finance lost more than $280 million while trading customer funds

The cryptocurrency platform plans to convert millions in debt into bonds and raise additional loan funds to rebuild its business.

Binance to start selling NFT tickets for Lazio Football Club matches

In addition to access to sporting events, the tokens will be available for discounts.

Nirvana Finance offered a hacker $300k for the vulnerability he discovered

The team of the crypto-platform is ready to completely stop the investigation if the hacker returns the stolen funds.



Cryptocurrency

Ripple CEO Says Stablecoins on the Verge of a Trillion-Dollar Boom

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The stablecoin market could potentially balloon nearly tenfold within a few years, according to Ripple CEO Brad Garlinghouse.

Appearing on CNBC’s “Squawk Box” on Wednesday, Garlinghouse highlighted the sector’s momentum and said that many expect stablecoins to reach a combined market capitalization of $1 trillion to $2 trillion, up from around $260 billion today.

The exec added that the current growth rate is “profound,” while explaining that Ripple’s late entry into the stablecoin sector was a result of using stablecoins in its institutional payment flows prior to launching its own USD-backed asset.

BNY Mellon Backs Ripple’s RLUSD

Garlinghouse’s comments came as Ripple announced that the Bank of New York Mellon will now handle the USD cash and Treasury bills that back its RLUSD stablecoin.

Meanwhile, the partnership, which was disclosed on Wednesday, secures RLUSD a reputable banking partner as it scales further. As one of the largest custody banks in the US, BNY Mellon will safeguard and manage the liquidity of the reserves backing every RLUSD issued. It has been tasked with ensuring that holders can redeem the stablecoin for USD on a 1-to-1 basis under standards similar to money-market fund controls.

BNY’s support for RLUSD aligns with its gradual expansion into crypto services since establishing a digital asset unit in 2021 and welcoming institutional crypto clients in 2022. Ripple’s RLUSD, which launched in December 2024 on Ethereum and the XRP Ledger, has grown rapidly within the $260 billion stablecoin market.

RLUSD is designed to align with upcoming bipartisan legislation in the US, the GENIUS Act, which will introduce federal standards for reserve disclosures and backing. The stablecoin industry continues to attract interest from major corporations like Amazon and Walmart, alongside top-tier banks exploring entry into this expanding ecosystem.

J.P. Morgan Throws Cold Water on Hype

Apart from Ripple’s outlook, Standard Chartered anticipates the stablecoin sector could expand to $2 trillion by 2028, while Bernstein expects supply to climb toward $4 trillion within ten years.

J.P. Morgan, however, remains skeptical. The investment banking behemoth estimated growth to just $500 billion by 2028, and argued that trillion-dollar expectations are premature amid the lack of widespread use of stablecoins.

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Bitcoin Legend Max Keiser Predicts BTC to Hit $220K in 2025

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Veteran Bitcoin (BTC) evangelist Max Keiser has reignited bullish sentiment in the crypto community with a renewed call that the OG cryptocurrency will reach $220,000 before the end of 2025.

In a series of posts on X, he stressed that his forecast, once seen as outlandish, now appears increasingly plausible, especially following BTC’s new all-time high of $112,152, reached just hours earlier.

$220K BTC Call Gains New Momentum

Keiser first floated his $220,000 prediction in December 2022 during an interview with Daniela Cambone. At the time, the digital asset market was caught in a debilitating “crypto winter,” with its overall value plummeting from $3 trillion to under $1 trillion and BTC sinking to five-digit lows.

The former broadcaster is now circling back to the projection, pointing out that the price of Bitcoin has increased 700% since his sit-down with Cambone.

“Bitcoin up 700% since this interview 2 years ago (and $220,000 in 2025 looks likely),” Keiser wrote on X.

While skeptics challenged his thesis two years ago, BTC’s current price is lending it credibility. “$220,000 in 2025,” he reiterated in another post.

The number one cryptocurrency recently chalked up a new all-time high, after initially surging past $109,000 following comments by U.S. President Donald Trump on July 9, demanding the Federal Reserve execute the “biggest interest rate cut in history.”

Analysts at the Kobeissi Letter warned that such an unprecedented cut, while potentially saving $174 billion in near-term interest and slashing mortgage rates, could supercharge inflation, possibly benefiting riskier assets like Bitcoin.

This macro bombshell shattered weeks of consolidation between $105,000 and $110,000, decisively propelling BTC past its old peak. Market intelligence firm Santiment pinpointed the breakout’s contrarian nature, noting it occurred precisely when “many retailers had been dropping out due to boredom or disbelief,” a classic signal of smart money accumulation preceding major rallies.

Keiser Holds Back on Timing to Avoid Investor ‘Fear’

At the time of this writing, Bitcoin was trading near $111,090, and showing modest momentum, with gains of 2.1% in the last 24 hours and 1.8% over the past week.

While Keiser’s $220,000 target remains highly ambitious, his conviction has been constant through the asset’s ups and downs. However, he has intriguingly hinted at withholding the precise timing of his prediction, suggesting the full picture might unsettle investors.

“I pause before giving exact timing of price targets not to scare people,” Keiser admitted in one post, adding more emphatically in another, “If I gave you both the price and date most of you would be scared.”

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XRP Prices Hit 7-Week Peak as This Crucial Metric Suggests Further Gains

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There’s an evident uptick in the cryptocurrency market, especially when it comes to altcoins, as many have marked notable gains of up to 5% on a 24-hour scale.

Ripple’s native cross-border token is among the examples, as the asset jumped to $2.4 for the first time since late May today.

XRPUSD. Source: TradingView
XRPUSD. Source: TradingView

One of the possible reasons behind the price pumps in the past few hours could be linked to US President Trump’s call for a massive interest rate cut by the Federal Reserve. After all, riskier assets like crypto should benefit from such a monetary move.

XRP is among the top performers on a daily scale, climbing by nearly 4% and reaching the aforementioned seven-week peak. Moreover, the fourth-largest cryptocurrency has gained over 25% since its monthly bottom at the end of June at $1.9 during the Israel-Iran war.

According to data shared by Santiment, Ripple’s price pump could also be attributed to large investors accumulating substantial portions of its supply. In fact, the number of wallets holding at least a million XRP reached a new all-time high yesterday at 2,743. Today, the number is just shy of that peak, Santiment said.

The analytics platform believes this shows growing confidence in XRP’s future. Additionally, smaller (retail) investors could follow suit by seeing this accumulation pattern by the so-called ‘smart money,’ which might result in further gains for Ripple’s token.

The XRP Army has certainly been vocal about its bullish belief in the asset’s price trajectory, and some analysts have indicated that reclaiming the $2.38 resistance could result in a quick 12% surge to $2.60.

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