XRP Financial News

The extended crypto winter has pushed crypto event organizers to tone down on the lavishness, allowing attendees to focus on asking more “intelligent questions” about regulation and tax.

Crypto exchanges based in the US may have listed multiple tokens deemed by the Securities and Exchange Commission (SEC) to be unregistered securities, according to a Wall Street Journal report.

The XRP price has dropped by 2.5% in the past 24 hours, falling to $0.425150 as the cryptocurrency market as a whole declines by 1%.

cryptocurrency markets were trading in the red on Monday after a better-than-expected April US jobs data. Bitcoin (BTC) fell 2.81% to $28,171, whereas Ethereum (ETH) was below the $1,900 level. BTC volume in the last 24 hours stood at approximately $13.28 billion, falling 11.59% in the last 24 hours. «After the US Job growth remained strong in April, Bitcoin rose to US$29,800 on Saturday. However, Bitcoin and Ethereum fell in the past 24 hours following Binance halting Bitcoin withdrawals for the second time in a day, citing large volumes,» Edul Patel, Co-founder and CEO at Mudrex, said. The global cryptocurrency market cap was trading higher around $1.16 trillion, falling 2.53% in the last 24 hours. The total volume in DeFi is currently 2.82 billion, 8.45% of the total crypto market 24-hour volume. The volume of all stablecoins is now $29.28 billion, which is 87.74% of the total crypto market 24-hour volume.

cryptocurrency markets were trading flat in Friday's trade. Bitcoin (BTC), Ethereum (ETH) and XRP were trading with gains, while BNB, Dogecoin and Solana were trading with cuts. BTC rose 0.29% to $29,230, while ETH was above the $1,900 level. BTC volume in the last 24 hours stood at approximately $16.57 billion, falling 14.90% in the last 24 hours. «BTC is holding strong above the $29,000 mark while Ether is almost touching the $1900 level. The crypto market is witnessing restricted growth due to high inflation and other macroeconomic factors and the Jobs data on Friday will act as a key stimulant for the market momentum,» Shivam Thakral, CEO of BuyUcoin, said. The global cryptocurrency market cap was trading flat at around $1.20 trillion, falling 0.02% in the last 24 hours.

Confidence in the United States financial system seems to be eroding fast with investors trying to find the next weakest link that is about to collapse. Bill Ackman, CEO of hedge fund management firm Pershing Square, cautioned that time was running out to fix the problem.

cryptocurrency markets were trading higher in Thursday's trade after the US Fed raised its benchmark lending rate by 25 bps again to cool inflation. Bitcoin (BTC) rose 2.44% to $29,152, whereas Ethereum (ETH) was above the $1,900 level. BTC volume in the last 24 hours stood at approximately $19.5 billion, rising 20.54% in the last 24 hours. «Following the Federal Reserve's decision to raise interest rates by 25 basis points, Bitcoin is regaining its strength. The Fed indicated that this week's increase could be the last for the time being. At present, Bitcoin is being traded at the US$29,000 level and is gradually approaching its resistance levels of US$29,420 and US$30,000,» Edul Patel, Co-founder and CEO at Mudrex, said. “As the upcoming US employment figures are scheduled to be released on Friday, investors and traders are keeping a watchful eye on them,” Edul added. The global cryptocurrency market cap was trading higher around $1.20 trillion, rising 2% in the last 24 hours.

cryptocurrency markets were trading higher in Wednesday's trade. Bitcoin (BTC) rose 1.96% to $28,526, whereas Ethereum (ETH) was above the $1,850 level. BTC volume in the last 24 hours stood at approximately $16.17 billion, rising 1.78% in the last 24 hours. “Bitcoin rose nearly 2% in the past 24 hours following the Job Openings and Labor Turnover Survey (JOLTS) data. The data showed that job openings in the US declined to 9.6 million in March, below expectations of 9.775 million and their lowest since April 2021,” Edul Patel, Co-founder and CEO at Mudrex, said. «Additionally, investors and traders may be making early moves in anticipation of the US Federal Reserve's decision on interest rate hikes. Similarly, Ethereum traded at the US$1,850 level and made movements following BTC,» Edul added. The global cryptocurrency market cap was trading higher around $1.17 trillion, rising 1% in the last 24 hours.

Global crypto giant Coinbase has announced plans to shutter its loan services. 

As the legal battle between blockchain firm Ripple and the Securities and Exchange Commission (SEC) rages on, uncertainty looms within the crypto community over the outcome and its potential implications for the industry.

cryptocurrency markets were trading in the red on Tuesday ahead of the FOMC meeting on Wednesday. Bitcoin (BTC) fell 2.04% to $28,056, whereas Ethereum (ETH) was below the $1,850 level. BTC volume in the last 24 hours stood at approximately $15.74 billion, falling 13.55% in the last 24 hours. «Bitcoin started the new week trading in the red, as markets prepare for an important week of the U.S economic events. Currently, BTC is being traded at the US$28,000 level, having reached a weekend high of US$29,900. Investors are closely monitoring the Federal Reserve's announcement regarding interest rate hikes on Wednesday,» Edul Patel, Co-founder and CEO at Mudrex, said. The global cryptocurrency market cap was trading higher around $1.16 trillion, rising 1.51% in the last 24 hours. The total volume in DeFi is currently 2.50 billion, 7.18% of the total crypto market 24-hour volume. The volume of all stablecoins is now $32.31 billion, which is 92.87% of the total crypto market 24-hour volume.

Investors seem to have priced in a 25 basis points rate hike by the United States Federal Reserve on May 3. Next, they will look for clues on the Fed’s actions for the rest of the year.

The rise of cryptocurrency has brought about a wave of new investors, eager to get in on the action and reap the rewards. Unfortunately, this has also created a new target for hackers and scammers looking to make a quick profit. One recent example of this is the hacking of the popular YouTube channel DidYouKnowGaming.

The price of XRP, the cryptocurrency that powers the XRP Ledger created by US fintech company Ripple, continues to be lower on Tuesday.

JPMorgan Chase emerged as the winner in the auction to acquire the deposits and a “substantial majority of assets” of the troubled bank First Republic. This marked the failure of the third regional bank in the United States since March and laid open the vulnerabilities in the legacy banking system.

YouTube has intervened to prevent an XRP cryptocurrency scam from being promoted on the hacked popular YouTube channel DidYouKnowGaming. 

 

The crypto market is largely unregulated given the lack of a centralized entity behind it. However, regulatory agencies are currently looking to clamp down on supposed excesses of the nascent industry. The most popular legal case is Ripple Labs and the US Securities and Exchange Commission (SEC).

Bitcoin (BTC) rose 2.21% to $29,507, whereas Ethereum (ETH) was above the $1,900 level. BTC volume in the last 24 hours stood at approximately $22.95 billion, falling 35.61% in the last 24 hours. «BTC is trading in the $29.5k range, up ~2% in the last 24 hours as unrest in the banking sector resurfaces and US’ economic growth slowdown,» Parth Chaturvedi, Crypto Ecosystem Lead at CoinSwitch, said. The global cryptocurrency market cap was trading higher around $1.21 trillion, rising 1.71% in the last 24 hours. The total volume in DeFi is currently 3.65 billion, 7.88% of the total crypto market 24-hour volume. The volume of all stablecoins is now $40.51 billion, which is 87.47% of the total crypto market 24-hour volume.

The cryptocurrency market witnessed sharp volatility on April 26 on rumors that large sums of Bitcoin (BTC) were on the move from the wallets linked to the defunct cryptocurrency exchange Mt. Gox and the United States government. A minor positive is that Bitcoin and select altcoins held their respective support levels.

cryptocurrency markets were trading higher on Wednesday, with an increase of 2.7% in the crypto market cap in the last 24 hours. Bitcoin (BTC) rose 3.48% to $28,369, whereas Ethereum (ETH) was above the $1,850 level. BTC volume in the last 24 hours stood at approximately $18.85 billion, rising 12.94% in the last 24 hours. «Bitcoin is at $28,300. Its recent surge is due to technical buying and a short-term buy signal, while macro risk events could impact sentiment. Long-term indicators suggest a new bull market,» said Sathvik Vishwanath, Co-Founder & CEO of Unocoin. Other top crypto tokens were also trading higher on Wednesday. Solana jumped over 4%. BNB, XRP, Litecoin and Cardano also traded with gains. The global cryptocurrency market cap was trading higher around $1.19 trillion — rising 2.71% in the last 24 hours.