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XRP’s whale activity surges as 120 million tokens mysteriously move wallets. XRP’s price surged 1.17% amidst significant whale transfers, with analysts eyeing a bullish trend above key support levels. Analyst Dark Defender maintains an optimistic $5.85 price target for XRP, but breaking resistance is crucial for success. Recent activities in the cryptocurrency market highlight significant whale transactions involving XRP, the digital token of the Ripple network. Blockchain tracking platform Whale Alert has reported a series of notable transfers that include moving 62.6 million XRP to various centralized exchanges (CEXs) and 120 million XRP to an unidentified wallet.  In detail, the transactions observed involved substantial amounts of XRP being relocated to several exchanges and an unknown wallet. Specifically, the transfer of 20 million XRP to Bybit from an anonymous wallet marked a significant move.  20,000,000 #XRP (12,158,030 USD) t...

A British Virgin Islands court freezes assets worth around $1 billion belonging to 3AC co-founders. The court order prevents co-founders Su Zhu, Kyle Davies, and Davies’s wife from transferring or selling the assets.  A Singapore court issued a domestic freeze order against the co-founders as the liquidator tried to recover assets. A British Virgin Islands court has frozen around $1 billion in assets owned by the founders of cryptocurrency hedge fund Three Arrows Capital, Bloomberg reported, citing statements from the firm’s liquidator, Teneo.  Indeed, the court order froze assets worth up to $1.14 billion owned by Co-Founders Su Zhu and Kyle Davies. By extension, the order also restricts Davies’ wife, Kelly Chen, from transferring or selling any of the assets.  The British Virgin Islands court order follows a domestic freezing order issued by a Singapore court, Teneo said. Last week, Zhu made his first appearance in a Singapore ...

Hardware crypto wallet maker Ledger plans to make defi participants whole by covering approximately $600,000 in digital assets stolen during a Dec. 14 incident. The company acknowledged many crypto users were affected by a connector kit exploit targeted at the front end of EVM dapps. These decentralized platforms included exchanges and web3 tools like Revoke.cash, although the number of affected users was either unknown or undisclosed. Ledger said it would reimburse all exploit victims by February, including non-customers. The wallet provider also highlighted an action plan to deactivate blind signing, which supposedly aided the attacker’s efforts and facilitated crypto theft.  We are announcing that by June 2024, users will no longer be able to Blind Sign with Ledger devices. Our commitment is to work with the community and DApp ecosystem to allow Clear Signing so users can verify all transactions on Ledger devices before signing. Ledger on X ️Please always be aware of on-...

KuCoin proclaims support for Script Network (SCPT) on its trading platform. SCPT tokens can be deposited now, while trading against USDT starts December 20. Script Network’s watch-to-earn TV platform defines video advertising within the crypto industry. Prominent centralized cryptocurrency exchange KuCoin has officially announced its support for the watch-to-earn crypto project Script Network (SCPT). The exchange disclosed the listing of the SCPT token through a recent communication via its official website and its account on X. World Premiere New Listing@script_network $SCPT Gets Listed on #KuCoin! Pair: SCPT/USDT Deposit: now open (network: BEP20) Trading: 10:00 AM on December 20, 2023 (UTC) — KuCoin (@kucoincom) December 19, 2023 In the notification, KuCoin expressed its support for the native token of the watch-to-earn TV platform on its spot trading service. As such, KuCoin will initiate the acceptance of SCPT token deposits via the BNB Smart...

EGRAG CRYPTO revealed that XRP is in a positive trend on its weekly chart. A snapshot of XRP’s weekly chart shows that XRP may rise above $0.7. A descending triangle on XRP’s daily chart could foreshadow a correction. The cryptocurrency trader and analyst EGRAG CRYPTO revealed in an X (formerly Twitter) post earlier today that Ripple (XRP) is in a bullish trend on its weekly chart. Included in the post was a snapshot of the altcoin’s weekly chart, which showed that the remittance token was resting on the key support level at around $0.6119. #XRP Up Trend: If you can't spot this up-trend, what more can I do for you? "Men who can both be right and SIT TIGHT are uncommon." – Jessie Livermore.#XRPArmy, STAY STEADY! As long as the trend is your friend, no worries at all pic.twitter.com/Hi4UhT3IcJ — EGRAG CRYPTO (@egragcrypto) December 19, 2023 Despite the altcoin currently retesting support, EGRAG CRYPTO’s post showed that the crypto...

Bankrupt crypto lender Genesis is reportedly hoping to score a number of tax benefits after it successfully blocked its parent company from offloading or reducing its ownership until the firm’s Chapter 11 proceedings have been completed. As reported by CoinDesk, Genesis stands to retain benefits on $700 million of “federal net operating loss carryforwards,” providing Digital Currency Group ( DCG ) keeps hold of at least 80% of the firm. These carryforwards — which are linked to collapsed crypto hedge fund Three Arrows Capital — may lessen Genesis ’ future income Tax liability, improve its cash position, and “contribute to a successful reorganization.” Genesis and DCG agreed a payment plan Last month, Genesis and DCG came to an agreement over unpaid debts that went overdue in May. However, the deal still has to be approved by creditors . According to Genesis’ bankruptcy plan, DCG agreed to pay it $295 million in US dollars and bitcoin. This is to be paid in installme...

According to crypto analyst CryptoinsightUK, Ripple’s XRP token could see a 1500% surge against Bitcoin (BTC) if it breaks past its resistance level. The analyst highlights that XRP is at the lower end of its range against BTC and could see an 88% surge against the original cryptocurrency. Also Read: Ripple XRP Forecasted To Surpass its ATH of $3.40, Here is When However, the analyst paints an even more bullish picture for XRP if it can “ break and hold above the top Grey box. ” If XRP breaks past this level, the token could surge 1500% against Bitcoin (BTC). Source: Cryptoinsightuk Analyst predicts 3500% rally for Ripple’s XRP Source – The Coin Republic While speaking to cryptocurrency analyst Zach Rector, Reaper Financial founder Patrick Riley has given a bullish outlook for XRP. Riley says that XRP could surpass $22 in the next bull market. The price increase would translate to a growth of about 3566% from current levels. Also Read: Rippl...

All stolen Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) nonfungible tokens (NFTs) from the NFT Trader platform have been recover ed following a $267,000 bounty payment . On Dec. 16, a security breach on the peer-to-peer platform NFT Trader led to the theft of NFTs worth nearly $3 million. The attacker, in public messages, claimed to have capitalized on an exploit initially used by another user, demanding a ransom for the return of the stolen NFTs. They insisted on a payment of 120 Ether (ETH), equivalent to around $267,000 at the time, to return the NFTs. Responding swiftly, Boring Security, a non-profit web3 security project funded by ApeCoin, spearheaded a community initiative that secured the return of all assets in under 24 hours after complying with the ransom demand. All 36 BAYC and 18 MAYC that the exploiter had are now in our possession. We sent her 10% of the floor price of the collections as bounty. We will be working with the affected victims gettin...

Ali Martinez predicted in an X post yesterday that XRP may fall to $0.55 soon. The analyst shared that XRP was rejected from the middle line of an ascending channel. A descending triangle on XRP’s daily chart also suggests XRP may drop in the next 48 hours. The well known cryptocurrency analyst and trader Ali Martinez shared in an X post yesterday that the price of XRP could be at risk of dropping in the next few days. This prediction came after the remittance token got rejected from the middle line in an ascending parallel channel that it has recently been trading in on its 3-day chart. $XRP is moving inside an ascending parallel channel! After facing rejection at the channel's mid-line, #XRP might see a pullback toward the lower boundary, around $0.55. pic.twitter.com/1lfCDOAXur — Ali (@ali_charts) December 17, 2023 Martinez stated that he believes the price of XRP could face a drop to $0.55. His bearish prediction seems to have set in motion...

Analyst Rekt Capital revealed in an X post that the altcoin market is retesting historic levels. According to the post, these levels have preceded fantastic growth in the altcoin market. X user Will shared that the amount of stablecoins in circulation has risen 3.5% in the past 90 days. The analyst and trader Rekt Capital revealed in an X post yesterday that the altcoin market is continuously retesting historic levels. According to the post, the levels that the altcoin market has retested over the last few weeks have historically “preceded fantastic growth” in the altcoin market. $ALTS Altcoin Market Cap continues to perform historic retests First the green circled retest a few weeks ago And now this yellow circle retest this week Historically, both of these retests preceded fantastic growth in the Altcoin Market#BTC #Crypto #Bitcoin pic.twitter.com/uI6G6Issxl — Rekt Capital (@rektcapital) December 16, 2023 A potential altcoin market breakout may b...

In what is certainly an important development, BlackRock and the US Securities and Exchange Commission (SEC) have met for the fourth time to discuss its Spot Bitcoin ETF. Indeed, an official filing shows that the agency and the asset management firm met yesterday, following similar meetings with other potential issuers throughout the last month. Moreover, Bloomberg analyst James Seyffart reported that this meeting involved SEC chairman Gary Gensler and his direct staff. Additionally, the filing noted that the conversations were regarding the “iShares Bioin Trust under NASDAQ Rules 57119(d).” JUST IN: 🇺🇸 SEC holds another meeting with BlackRock to discuss its Spot #Bitcoin ETF. — Watcher.Guru (@WatcherGuru) December 15, 2023 Also Read: Goldman Sachs Predicts Bullish Quarters Due to Spot Bitcoin ETF BlackRock Meets with SEC Chair For Fourth Time to Talk Bitcoin ETF Proposal For much of the last few months, the potential approval of a ...

TG.Casino ($TGC) has raised $4 million as its Telegram-based crypto casino goes from strength to strength after seeing more than $45 million wagered on the platform, with its presale heading for a sellout. Total deposits on the casino, live events and sportsbook platform have surpassed $4.5 million, and the player count is nudging 3,000. Meanwhile, the number of subscribers to its Telegram channel has mushroomed beyond the 11,000 mark.  Competitor Rollbit is getting worried as it looks over its shoulder at the new upstart threatening to eat its lunch. Forty percent of the total token supply of 100 million $TGC is on offer to the public in presale. The token price increases by $0.005 every five days until the hard cap of $5m is reached. There are two days to go before the next increase, with the $TGC token currently priced at $0.185. TG.Casino is shaping up to be the next GameFi crypto to explode, just like Rollbit. The new gambling and ga...

Although it has faced increased volatility in recent weeks, the gold price is back on track to see new highs in 2024 after the most recent Federal Reserve meeting. Indeed, the asset is currently trading above the $2030 level after a key breakthrough occurred yesterday. Specifically, the metal ascended beyond the $2000 level after several days of struggling to break $1980. Moreover, that ascension had aligned with the Fed policy meeting in which they hinted at incoming interest rate cuts throughout 2024. Now, the asset is once again aligned with optimistic forecasts for the upcoming year. Also Read: Gold Price Overtakes $2000 as Fed Projects Rate Cuts for 2024 Gold Price Regains Optimal Position for 2024 Breakout Earlier this month, gold investors made waves when the asset reached a new all-time high. Indeed, the metal was trading at $2150 in a surge that lasted a few days. However, since then, the asset has experienced a noticeable price correction that saw it struggle to ...

BRICS members India and Russia are initiating crude Oil deals that will save them billions of dollars this year in 2023. The US pressed sanctions against Russia in February 2022 for invading and waging war against its neighboring country Ukraine. India has been making the most out of the US sanctions by procuring cheap crude Oil from Russia since then. Russia is selling crude Oil at discounted prices to India and both the BRICS countries are successfully bypassing US sanctions. Also Read: BRICS: Analyst Predicts Biggest Economic Crash in US History BRICS: Crude Oil Exports Between Russia & India Rise 2,200% in 2023 Source: Fair Observer The US sanctions have helped BRICS members India and Russia to settle oil deals for cheaper in local currencies. Russia increased its crude oil exports to India by 2,200% since the sanctions were pressed by the US. The move made India pay local currencies such as the Chinese Yuan to procure cheap Russian oil. Also Read: BRICS...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The frenzy surrounding the anticipated bull market peaked in late November as crypto fund inflows hit two-year highs. $346 million were recorded in net inflows, the largest since the last bull market in 2021. Amidst this, Bitcoin (BTC) and Ethereum (ETH) reached price levels last seen in 2022. Optimism around the approval of crypto spot ETF products can be linked to the current market upswing and surge in crypto investment funds. Meanwhile, Bitcoin whales have been eyeing a new crypto AI altcoin, InQubeta (QUBE). This post will cover the rising crypto fund inflows and the factors fueling their rise. Further, it will explore the growing interest in InQubeta.  InQubeta draws Bitcoin whales The recent interest from Bitcoin whales has helped to drive participation in the InQubeta presale, with over $6.7 million raised to date. St...

Crypto asset service provider CoinMENA FZE has obtained a VASP license for virtual asset Broker-Dealer services from Dubai’s VARA. Until now, CoinMENA has been catering to clients in the UAE from its headquarters in Bahrain. Building strong relationships CoinMENA will now operate from its Dubai Head Office, providing convenient money services to UAE users.  The news is out! CoinMENA is officially licensed in Dubai.https://t.co/lbOq7GHtti — CoinMENA | كوين مينا (@CoinMENA) December 13, 2023 “Thanks to the regulatory clarity from VARA, Dubai is becoming a global hub for crypto and digital asset financial services,” CoinMENA co-founders Dina Sam’an and Talal Tabbaa said in a statement. “Building strong relationships with local regulators has been our priority since day one. We are delighted to have received a license from VARA, which further strengthens our market position and gives our users and investors confidence,” Sam’an a...