CoinShares’ weekly Digital Asset Fund Flows report has revealed last week saw the largest Bitcoin in the report’s history as Elon Musk’s Twitter account again wreaked havoc in the crypto markets. The May 17 report notes $98 million exited Bitcoin investment products last week, equating to 0.2% of total assets under management, or AUM. “While
XRP
Today, Ripple is excited to announce two new appointments to its leadership team. Rosa “Rosie” Gumataotao Rios, 43rd Treasurer of the United States, joins the Ripple Board of Directors and Kristina Campbell joins as Chief Financial Officer. “These two exceptional leaders join Ripple at a pivotal time for the company,” said Brad Garlinghouse, CEO, Ripple.
Cardano’s (ADA) impressive 816% gain in 2021 catapulted the smart-contract platform’s market capitalization to $61 billion. To fully grasp how far this third-generation protocol has gone, the absolute leader, Ether (ETH), held the same valuation just six months ago. As Cardano’s price evolves, so do its derivatives markets, and the nearly $1 billion futures open
Ripple publishes the quarterly XRP Markets Report to voluntarily provide transparency and regular updates on the company’s views on the state of crypto generally including the XRP market, such as quarterly sales updates, relevant XRP-related announcements and commentary on previous quarter market developments. As an XRP holder, Ripple believes proactive communication and transparency are part
[embedded content] In this first Ripple Drop for 2021, we explore the power of RippleNet to transform businesses, how RippleX is contributing to the XRPL community and the latest on U.S. crypto regulations. Digital Acceleration in Pandemic Drives RippleNet Growth Asheesh Birla, General Manager of RippleNet, stopped by to provide an update on the global
Ether (ETH) price has rallied more than 200% in 2021, resulting in a massive $337 billion market capitalization. This impressive figure pushed the value of the Ethereum network ahead of the total market cap of major companies like Procter & Gamble’s ($326 billion) and PayPal’s $308 billion. The market cap figure is achieved by multiplying
Decentralized finance (DeFi) has taken a well-deserved break from the spotlight over the past couple of months after being one of the hottest sectors at the start of 2021, but recent growth on several top platforms may hint at another DeFi run in the near future. While projects that operate on the Ethereum (ETH) network
As Ether (ETH) made a $2,800 all-time on April 29, so did its futures open interest. The $8.5 billion figure marks a 52% monthly increase and shows robust trading activity behind the meteoric price rise. Some analysts might dismiss Ether derivatives, considering CME’s future has $355 million in open interest compared to Bitcoin’s $2.4 billion.
Bitcoin and the overall cryptocurrency market saw minor losses on April 29 as the market heads into the expiry of $4.2 billion worth of (BTC) options contracts. Data from Cointelegraph Markets and TradingView shows that since reaching a high above $56,400 on April 28, the price of Bitcoin has dropped more than 6% back down near the
The global pandemic exposed many existing government distribution channels for financial aid as inadequate. With roughly one quarter of the world’s population unbanked, a number of stimulus programs faltered and rolled out too slowly and unevenly – including in developed countries – because of a reliance on traditional bank accounts for payments. Central Bank Digital
As the Ethereum (ETH) network progresses along the slow and steady path toward Eth2 and the full transition to proof of stake, layer-2 solutions have arisen as the best solution to the current challenges associated with high gas fees and network congestion. One L2 solution that has emerged as a top choice for DeFi projects
[embedded content] Monica Long believes in the power of communities. As head of RippleX, she leads a team that inspires and enables a global community of developers to build a more open and competitive financial ecosystem. And as the Executive Sponsor of the Women at Ripple Employee Resource Group (ERG), Monica is creating an inclusive
The overall cryptocurrency market saw a second day of gains on April 27 after the weekend sell-off proved to be a good buying opportunity for retail and institutional investors. Lower gas fees following the Ethereum network’s Berlin upgrade along with an increase in institutional buying and decentralized finance activity lifted the price of Ether to
Today, Ripple’s University Blockchain Research Initiative (UBRI)—the leading university blockchain accelerator program—welcomes the University of Capetown, Reykjavik University, and New York University Abu Dhabi (NYU Abu Dhabi) to solve key challenges in financial technology and advance real-world solutions for blockchain and cryptocurrency. The three additions join more than 35 global university partners already deeply engaged
Cryptocurrency investors breathed a sigh of relief on April 26 as the sharp reversal in the price of Bitcoin (BTC) was accompanied by a market-wide recovery that has a majority of altcoins seeing green. It’s likely that the breakout was aided by bullish assessments from JPMorgan analysts and PayPal’s announcement that demand for purchasing cryptocurrencies
Corrections in a bull phase are usually a bullish sign as they reduce the frothy excitement and allow stronger hands to enter the markets. However, the recent correction in Bitcoin (BTC) from its all-time high at $64,849.27 does not seem to have scared novice traders. Data from DappRadar shows that decentralized exchange volumes have picked
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