The post Hodler’s Digest, Nov. 2 8 Cointelegraph Magazine appeared com. Top Stories of The Week Ripple rejects IPO plans despite SEC case victory: Here’s why Ripple, the US blockchain company behind the XRP cryptocurrency, will not pursue an initial public offering following the conclusion of its years-long legal battle with the US Securities and Exchange Commission. Ripple president Monica Long said the company has no plans or timeline for an IPO, according to a Bloomberg report on Wednesday. “We’re in a fortunate position where we’ve been able to be very well capitalized and fund all of our organic growth, inorganic growth, strategic partnerships, anything we want to do,“ Long said. Ripple’s decision to forgo an IPO ends years of speculation, after multiple executives had hinted at one. The company was hit with a $1. 3 billion SEC lawsuit in late 2020. Bitcoin bull run hasn’t started yet: Jan3’s Samson Mow Samson Mow, the CEO and founder of Bitcoin technology infrastructure company Jan3, argues the Bitcoin bull run is yet to begin, as Bitcoin fell to just under $100, 000 earlier this week. “The Bitcoin bull run hasn’t started yet. We’re just marginally outperforming inflation at this price range,” he said on Wednesday. Bitcoin and the broader cryptocurrency market continued to slump this week, with analysts attributing the decline to trade tensions between the US and China, as well as other macroeconomic factors. Bitcoin selling intensified on Tuesday, and CoinGecko data shows the price dipped to $99,607 on Wednesday. However, Mow, in a series of bullish X posts, predicted the market still has plenty of upside on the horizon as Bitcoin continues to outperform the US inflation rate of 3%. FBI can’t be blamed for wiping hard drive with $345M BTC, say judges A man convicted of identity theft, who claims his hard drive with over 3, 400 Bitcoin was seized and wiped by.
Tag: cryptocurrency
Cathie Wood ‘Very Bullish’ on Bitcoin as Crypto Stablecoins Hit $300 Billion
The post Cathie Wood ‘Very Bullish’ on Bitcoin as Crypto Stablecoins Hit $300 Billion appeared com. ARK Invest’s founder and CEO, Cathie Wood, reiterated her long-term optimism for Bitcoin in the November edition of In the Know podcast. Despite recent market fluctuations, she confirmed that her $1 million price projection for Bitcoin remains unchanged. Wood pointed to the rapid expansion of stablecoins, whose combined value has now exceeded $300 billion, as evidence of a major evolution within the digital asset sector. She explained that while the rise of stablecoins could moderate Bitcoin’s short-term performance, their success reinforces the overall credibility and maturity of the crypto ecosystem. Bitcoin vs. Gold: $1 million prediction Comparing Bitcoin’s trajectory to that of gold, Wood remarked that the precious metal’s market value has roughly doubled in recent years. She suggested that Bitcoin has the potential to match or even surpass half of gold’s market capitalization, which supports ARK Invest’s continued positive stance. Wood also acknowledged that current liquidity pressures are weighing on the digital asset market but anticipates conditions to improve around mid-December, following updates from the Federal Reserve and new U. S. employment figures. She concluded that Bitcoin’s status as “digital gold” is strengthening amid growing institutional involvement and a stabilizing macroeconomic environment, which she believes will lay the groundwork for another phase of growth heading into 2026. Earlier, Wood reaffirmed her optimistic outlook on Bitcoin, predicting a base price of $650,000 by 2030, with the possibility of reaching as high as $1. 5 million under more favorable circumstances. Wood, a prominent advocate for Bitcoin who began investing in the cryptocurrency in 2015, attributes her confidence to two primary factors driving its growth. You Might Also Like This past week, BTC fell below the $100, 000 mark for the first time since June 22. Bitcoin’s price action has now begun to show early indications of stability. With renewed spot demand close to the.
Ripple IPO Plans Off Despite SEC Case Win And Record Growth
The post Ripple IPO Plans Off Despite SEC Case Wcom. Ripple, the US blockchain company behind the XRP cryptocurrency, will not pursue an initial public offering following the conclusion of its years-long legal battle with the Securities and Exchange Commission. Ripple president Monica Long said the company has no plans or timeline for an IPO, according to a Bloomberg report on Wednesday. “We’re in a fortunate position where we’ve been able to be very well capitalized and fund all of our organic growth, inorganic growth, strategic partnerships, anything we want to do,“ Long said. Ripple’s decision to forgo an IPO ends years of speculation, after multiple executives had hinted at one. The company was hit with a $1. 3 billion SEC lawsuit in late 2020. Ripple doesn’t report revenue As a private company, Ripple doesn’t publish full annual profit or revenue. According to estimations by the market intelligence platform CBI Insights, Ripple’s 2024 revenue was $1. 3 billion. Long declined to share 2024 revenue in the report but said the company doubled its customers, driven by Ripple USD (RLUSD) stablecoin adoption and greater regulatory clarity globally. Related: Ripple’s RLUSD enters top 10 USD stablecoins less than year after debut The raise follows Ripple’s “strongest year to date” and a $1 billion tender offer, valuing the company at $40 billion. “As Ripple continues its record year of growth, providing liquidity for shareholders and employees remains a priority,” Ripple said in the $500 million raise announcement, adding that it has repurchased more than 25% of its outstanding shares in recent years. Ripple CEO Brad Garlinghouse announced that the SEC was dropping its multi-year action against the company in March. He previously hinted at a.
10 AI Altcoins That Crypto Developers Focused On Most in the Last Month Have Been Revealed
The post 10 AI Altcoins That Crypto Developers Focused On Most in the Last Month Have Been Revealed appeared com. Cryptocurrency data analytics platform Santiment has released a new report examining developer activity on AI-focused projects over the past 30 days. According to the report, Internet Computer (ICP) ranked first by a wide margin, becoming the AI-focused blockchain project with the highest contribution from developers. Santiment also reported the ranking changes of the projects since the last update in the list prepared with Github-based development scores. Here are the AI projects that developers have focused on most in the last 30 days and their developer scores: Internet Computer (ICP) 291. 23 Hedera (HBAR) 226. 03 NEAR Protocol (NEAR) 56. 53 Worldcoin (WLD) 54. 17 Oasis Network (ROSE) 45. 17 iExec RLC (RLC) 34. 47 The Graph (GRT) 26. 47 Bittensor (TAO) 23. 17 Flux (FLUX) 20. 47 SingularityNET (AGIX) 8. 9 While ICP and RLC maintained their rankings, Hedera, Worldcoin, The Graph, Flux, and AGIX moved up, while NEAR and ROSE experienced declines compared to the previous period. Despite being at the top of the list for developer activity, ICP is trading 98% lower than its all-time high price, set four years ago. However, the token has gained 189% in value in the past week. *This is not investment advice. account now for exclusive news, analytics and on-chain data! Source:.
Crypto Markets Post Friday Recovery After Week of Heavy Losses
TLDR Bitcoin recovered above $103,000 on Friday after dropping to $99,000 earlier in the week, posting a 2% gain in 24 hours Altcoins showed stronger bounces with Ethereum, XRP, and Solana up 4-5%, while Dogecoin and Cardano gained 12% and 9% respectively University of Michigan Consumer Sentiment Survey fell to 50. 3 in November from 53. 6, [.] The post Crypto Markets Post Friday Recovery After Week of Heavy Losses appeared first on CoinCentral.
What is Zcash (ZEC), and Why Has It Rallied So Much? Here’s Everything You Need to Know
The post What is Zcash which is on the agenda again with its rise today, are being questioned. The price of ZEC has surged 33% in the last 24 hours and 433% in the last month. These figures are unusual for an altcoin with a billion-dollar market capitalization. Listed on Binance, Coinbase, and many other centralized cryptocurrency exchanges, the altcoin’s history dates back to the early days of the cryptocurrency market. Launched in 2016, ZEC is based on Bitcoin’s codebase and, due to its limited supply at the time, reached an all-time high price of around $3,000. After Ethereum switched to the Proof of Stake consensus mechanism, Zcash became one of the most important representatives among the altcoins with the Proof of Work consensus mechanism, along with Bitcoin. Interestingly, the cryptocurrency, which had remained below $100 for years, hit an all-time low of $15 in July 2024. So much so that Binance, the world’s largest cryptocurrency exchange, initiated a delisting vote for ZEC last April, and the altcoin was saved from being delisted by Binance by being one of the winners of this vote. Chart showing the change in the ZEC price in recent months. Binance and other cryptocurrency exchanges are under pressure from delisting, particularly in Europe, due to the difficulty of tracing ZEC and other privacy tokens. However, Monero (XMR), a similar privacy token, hasn’t experienced the same surge as ZEC recently. XMR has also been delisted from many major cryptocurrency exchanges. So, what’s causing Zcash’s recent surge? This can be attributed to multiple factors. There’s been a renewed interest in privacy infrastructure in the cryptocurrency market recently. Furthermore, Electric Coin Company, the company behind ZEC, has recently implemented numerous technical updates. Galaxy Digital analysts also noted that ZEC,.
What’s Happening With This Altcoin: Huge Surge, Arthur Hayes Makes $10,000 Claim
The post What’s Happening With This Altcoin: Huge Surge, Arthur Hayes Makes $10,000 Claim appeared com. Privacy-focused cryptocurrency Zcash (ZEC) has re-entered the top 20 cryptocurrencies with a strong rise today. ZEC’s market capitalization reached $10. 9 billion, surpassing Hyperliquid’s $10. 8 billion. The price of ZEC briefly hit $750 earlier today and is currently trading at $721. 91. This represents a 38. 93% increase over the past 24 hours. This puts ZEC at its highest price since early 2018. However, this remains well below its all-time high of over $3,000, reached in October 2016 when supply was extremely limited, according to CoinGecko data. Chart showing the rise in ZEC price. Arthur Hayes, one of the leading names in the crypto market, shared his position in his portfolio after the sharp rise in Zcash: “Due to its rapid price increase, ZEC is now the second-largest liquid asset in my Maelstrom Fund portfolio, after BTC. ZEC’s private transactions will power the next wave of true DEXs. ZEC is heading to $10,000.” Analysts and community members point to several factors that have triggered ZEC’s recent sharp rise: Re-emergence of financial surveillance and privacy debates in Europe Growing interest in Zcash’s mobile wallet integrations ZEC exceeds key levels in technical models and on-chain metrics Increasing trading volumes and signs of revival spreading to the market Zcash has a blockchain structure that allows users to optionally hide their transactions. Users can hide their transaction history by moving their tokens to special addresses called “privacy pools.” *This is not investment advice. account now for exclusive news, analytics and on-chain data! Source:.
XRP Wallets Jump by 21,595 in 48 Hours
The XRP Ledger is seeing its largest investor influx in eight months, as thousands of new wallets emerge amid a possible buy-the-dip campaign. Notably, XRP dumped like the rest of the market, correcting to $2. 06 on Tuesday, a price level last seen on June 27. Visit Website.
Best Ethereum Crypto for the Upcoming Bull Run: Little Pepe (LILPEPE) vs Shiba Inu (SHIB)
The post Best Ethereum Crypto for the Upcoming Bull Run: Little Pepe Little Pepe (LILPEPE) is an emerging force due to its scalability, meme utility, and ability to build an ecosystem. These two projects highlight the cultural strength of crypto memes despite their highly different structures and purposes. Little Pepe (LILPEPE): The Meme Layer 2 Chain with Real Functionality Now in Stage 13 of its presale at $0. 0022 per token, Little Pepe has raised over $27. 3 million, selling 16. 6 billion LILPEPE out of its 17. 25 billion target, representing a 96. 31% completion. Unlike most meme coins, which rely on community hype, Little Pepe (LILPEPE) aims to develop a Layer 2 blockchain for meme coins and memecoins. The new chain aims to address common Ethereum issues, such as high gas fees and network congestion, and is designed to be fast, scalable, and cost-effective for meme creators and DeFi users to develop and deploy smart contracts. The team describes the project as “the world’s only meme-focused Layer 2 blockchain”, with an entire ecosystem based around comedy. For Purchasers 12 through 17, the Little Pepe Mega Giveaway is a campaign that rewards buyers for getting Pepe in the presale, with over 15 ETH given away as a prize. The presale’s first place receives 5 ETH, second place receives 3 ETH, third place receives 2 ETH, and 15 random winners receive 0. 5 ETH each. However, with 62 days remaining along 84, 200 entries, this incentive could further benefit the growing community Shiba Inu (SHIB): The Meme Giant Turning Toward Utility Shiba is also referred to as the Dogecoin killer, as it exhibits signs that indicate a shift in investors’ interest from Dogecoin, built.
Gemini launches XRP perpetual contracts for EU users with up to 100X leverage
The post Gemini launches XRP perpetual contracts for EU users with up to 100X leverage appeared com. Key Takeaways Gemini has launched XRP perpetual contracts for European Union users. The contracts support up to 100x leverage, allowing traders to amplify positions. Gemini, a cryptocurrency exchange, today launched XRP perpetual contracts for EU users with leverage up to 100x. The new product allows traders in the European Union to take long or short positions on XRP without expiry dates. The perpetual contracts enable directional exposure to XRP price movements through Gemini’s offshore exchange platform. Users can access enhanced risk management tools as part of the offering. Gemini continues expanding its perpetual contract trading options for international users, adding various crypto assets to its leveraged products suite for markets outside the US. Source:.