Ripple’s XRP is one asset that has seen immense growth, particularly this year. The altcoin broke several levels of resistance and recorded new seven-year peaks. Throughout the past year, the asset went from trading at a low of $0.3911 all the way to a high of $0.3911. This comes after a 259% uptick during this period. While the asset did not reclaim its all-time high, the community is certain that it will over the next few months.Also Read: Cronos Jumps 7.51% to $0.113: Will CRO Keep Rising in April?A Look At XRP’s All-Time HighSource: Bitcoin BlockAt the time of writing,…
Author: cryphedge
Dunamu, the parent company of South Korea’s largest cryptocurrency exchange Upbit, has announced a threefold increase in cash dividends to common shareholders following a sharp rise in annual profits.During its annual shareholder meeting on Friday, the company approved a dividend of 8,777 Korean won ($5.99) per common share for 2024, up from 2,937 won ($2) in the previous year.According to Dunamu’s official disclosure, the company has allocated nearly 300 billion won ($204.5 million) for cash dividends under its retained earnings distribution plan.Dunamu Sees Operating Profit Soar 85% Amid Crypto Market TailwindsDunamu reported an 85.1% year-over-year increase in operating profit, totaling…
The European Union’s insurance watchdog is proposing a stringent new rule that would require insurers to maintain capital reserves equal to the full value of their cryptocurrency holdings.The recommendation, made by the European Insurance and Occupational Pensions Authority (EIOPA) in a technical report to the European Commission on March 27, aims to shield policyholders from the volatility and risks associated with digital assets.EIOPA described the measure as a necessary safeguard, citing the high volatility of cryptocurrencies like Bitcoin and Ether.“EIOPA considers a 100% haircut in the standard formula prudent and appropriate for these assets,” the agency stated.EU’s Crypto Capital Rule…
Blockchain Meets Wall Street with Round-the-Clock Stock and ETF Access The days of waiting for stock markets to open are over for the users of one advanced platform. D-ETF, a “borderless”, blockchain-powered trading platform, has announced the launch of 24/7 trading for stocks and ETFs, breaking away from the rigid schedules of traditional exchanges. This game-changing innovation allows investors to act on breaking news in real time – whether it’s a late-night earnings report, geopolitical developments, or weekend market shifts – without being bound by restrictive market hours. In traditional stock markets, investors often face frustrating delays that prevent them…
Terraform Labs has officially launched the Crypto Loss Claims Portal as part of its estate wind-down process following the collapse of the Terra USD. The portal, which opens on March 31, 2025, at claims.terra.money, allows creditors to submit claims for losses from their investments in affected cryptocurrencies. Terraform Labs Launches Crypto Loss Claims For the funds, creditors must submit their claims, along with supporting documentation, by the deadline of April 30, 2025, at 11:59 pm ET. The firm has suggested that claims received after this date will not be considered. Eligible cryptos will be listed on the portal, and claimants…
The New York Attorney General has reached a $200 Million Settlement with Galaxy Digital in response to the collapse of LUNA in 2022. The $200 million will be paid over three years, starting with $40 million in two weeks. This follows a similar settlement by the SEC, which reached an agreement with a subsidiary of Jump Crypto for $123 million related to LUNA. Galaxy Digital’s Role in Terra Luna Matter The Terra LUNA fallout from this failure has led to a $200 million settlement especially after allegations that Galaxy Digital violated the Martin Act and the Executive Law by promoting…
U.S.-listed spot Bitcoin exchange-traded funds (ETFs) have recorded a 10-day streak of net inflows, marking their longest run of positive momentum since December last year.According to data from SoSoValue, Thursday’s total net inflow reached $89 million, with Fidelity’s FBTC leading the charge, receiving $97.14 million.BlackRock’s IBIT also saw a modest gain of around $4 million.Invesco and WisdomTree Bitcoin ETFs See Outflows Amid Broader Inflow StreakHowever, not all funds shared the same trajectory. Invesco’s BTCO experienced an outflow of nearly $7 million, while WisdomTree’s BTCW recorded a $5 million withdrawal.Overall, the past 10 trading sessions brought in $1.06 billion, which, while…
Ripple (XRP) is currently one of the trending cryptocurrency tokens to exist in the space. The fact that the token has won over investors through compelling offerings and its resilient spirit speaks volumes about the potential that the token possesses in the long run. With XRP ETF development making credible noise in the domain, a new price prediction predicts XRP may hit new highs, ranging from $5 to $8. Let’s delve into the details to know how this may happen.Also Read: GameStop (GME) Stock Sinks as Bitcoin Hype Cools OffRipple To Claim New Highs Amid Rising PopularitySource: Bitcoin NewsRipple (XRP)…
China has been grappling with serious cryptocurrency scams of late. In yet another case, a Chinese court has sentenced 34 people for defrauding over 30,000 victims in a 460 million Yuan crypto scam. China’s 460 Million Yuan Crypto Scam The Ezhou Court in China has successfully concluded two crypto online fraud cases involving a gang consisting of 34 defendants. The accused were found guilty of carefully plotting and carrying out fraud with the help of a new virtual currency trading platform. In just one year, nearly 30,000 people were defrauded, and the amount drained was 460 million yuan. During the…
The US state of South Carolina has withdrawn its lawsuit against the leading crypto exchange, Coinbase Custody service. Coinbase’s Chief Legal Officer, Paul Grewal, revealed in a post that South Carolina has now joined Vermont in dismissing the baseless staking lawsuit against Coinbase. As a result, South Carolina Coinbase users will soon be able to use the staking feature again. The South Carolina vs Coinbase Case The dominoes keep falling. South Carolina just joined Vermont to dismiss its unfounded staking lawsuit against @Coinbase. Staking will very soon be back for Coinbase users in South Carolina. This is not just a…
