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On the first day of every month, Ripple unlocks 1 billion XRP tokens from an escrow system of the XRP Ledger. On February 1 (Thursday), the company will unlock $500 million worth of tokens in three transactions of 100 million, 400 million, and 500 million XRP. Interestingly, February 2024’s unlock accounts for 1.84% of the current 54.37 billion circulating supply and 2.19% of the remaining 45.67 billion XRP tokens under Ripple’s control. The latter are still locked in escrows to be released monthly until June 2027. Three escrows will reach finality in the last minutes of January 31, held by two known crypto wallet addresses owned by Ripple. In particular, ‘Ripple (22)’ will unlock 500 million XRP, previously locked in December 2019. Ripple 22 assets – escrows. Source: XRP Scan Second, ‘Ripple (23)’ will unlock 100 million and 400 million tokens, locked in January 2020 and December 2019, respectively. These two addresses still hold 1 billion XRP tokens for monthly escrows that w...

A British charity has agreed to repay millions of dollars it received from FTX, condemning fraud underlying Sam Bankman-Fried’s conviction. Effective Ventures, a British charity, has entered an agreement to reimburse $26.8 million to the FTX bankruptcy estate, condemning the fraud linked to Sam Bankman-Fried‘s conviction, according to a report from Civil Society. The non-profit supporting effective altruism will settle with the defunct crypto exchange, repaying millions in donations received from FTX. A spokesperson for Effective Ventures says the amount is “equal to the entire amount which EV UK received from FTX and the FTX Foundation during 2022,” highlighting that EV’s projects can now fundraise with confidence, avoiding the use of donations to cover the settlement. “This means that EV’s projects can continue to fundraise with confidence that donations won’t be used to cover the cost of this settlement. We strongly condemn fraud...

CorgiAI has recently overtaken PEPE to become the fourth-largest meme coin, with the token’s value surging by approximately 11% within a week.  The rise comes amid a broader increase in the meme coin market capitalization, which has grown by 3% today, outpacing the overall cryptocurrency market ’s growth of 1%. CorgiAI is a meme coin that operates on the Cronos blockchain, fusing the nature of meme coins with artificial intelligence. Just one hour left before our mint starts. If you're in need of some ideas, here's a quick note https://t.co/T2EKTjqNCI — CorgiAI Social Club (@corgiaiclub) January 30, 2024 You might also like: Circle to launch USDC stablecoin on Celo blockchain network The coin has been devised to support various AI-related activities, including creating and trading AI-based crafts and NFTs and offering a platform for AI-related job opportunities. With a total supply of 500 billion tokens, CorgiAI emphasizes community partic...

New cryptocurrency projects often have more upside potential for buyers than more established, high market cap coins – the ‘big caps.’As a result of a resurgence in crypto volatility, a new cryptocurrency, Bitcoin Minetrix, has garnered increased attention as it nears the end of its presale New Cryptocurrency Releases, Listings, and Presales Today  Bitcoin Minetrix is attracting attention as it enters the final stages of its presale. Let’s analyse three newly introduced cryptocurrencies. We should also emphasise that predicting the continuation of upward trends in the crypto market often comes with surprises.  1. RDEX (DEX) Orders.Exchange stands out among decentralized finance services, running on the Bitcoin Layer1. This direct integration was brought about by the introduction of innovative technologies such as Ordinals, PSBTs, Bitcoin Smart Contracts, and the revolutionary Nostr protocol, which supports both native BTC and the recent innovation ...

Cryptocurrency exchange Coinbase will charge a fee for converting the stablecoin USD Coin (USDC) into USD. According to a Jan. 29 post on the exchange’s website, the cryptocurrency platform will charge a fee when institutional clients make net USDC to USD conversion s over $75 million “over a rolling 30-day period.” Conversions between $75 million and $150 million are subject to a 0.1% fee, while transactions between $150 million and $500 million are subject to a 0.15% fee. The exchange team emphasized that there will be a 0.2% fee for converting USDC into US dollars worth more than $500 million. “Coinbase Prime clients with over $500 million of assets on the platform or holding on average $100 million in USD/USDC over a calendar month are exempt from USDC Conversion Fees.” Coinbase team Additionally, Coinbase exchange liquidity program participants “who meet Tier 1 or Tier 2 requirements” will have USDC conversion fees waived wheneve...

The Manta Network price has pumped 9% in the last 24 hours to trade at $3.66 as of 8:30 a.m. EST. Manta Network Price Prediction: Looking at 1-hour MANTA/USDT, we can analyze that the price is currently sitting between the middle band (the 20-period Simple Moving Average) and the upper band, which suggests that the market is in a neutral state. The bands are moderately wide, indicating some volatility. The price has touched the upper band a few times, suggesting potential resistance levels. The Relative Strength Index (RSI) is around 53, which is in the neutral territory. This indicates that the market is neither overbought nor oversold. There seems to be no immediate indication of a trend reversal based on the RSI, however, the southern trajectory could mean some bear action. Additionally, the Moving Average Convergence Divergence (MACD) line is above the signal line but appears to be converging towards it, suggesting a potential decrease in momentum on the Manta Network price. H...

The Bitcoin price is down a fraction to trade for $42,157 as of 1:10 a.m. EST time, with trading volume surging nearly 15%. It comes after BTC found an inflection point, marking a turnaround point from the 10% drop to the $38,555 intra-day after a break below the ascending channel. With a new demand zone in place, the Bitcoin price is staging a recovery rally, steered by the hype of the possibility of BTC exchange-traded funds (ETFs) advertisements appearing on Google starting Monday, January 29. 🇺🇸 Google to start allowing #Bitcoin ETF ads in 4 days — effective from 29th of January. pic.twitter.com/milikbK3mz — Bitcoin Archive (@BTC_Archive) January 25, 2024 Bitcoin ETF Ads Likely To Appear On Google Starting Monday The US Securities and Exchange Commission (SEC) approved multiple spot BTC ETFs on January 10. With this landmark development, Bitcoin is now available via some of Wall Street’s biggest fund managers, including BlackRock and Fidelit...

The Honk price has pumped by 25% in the past 24 hours to trade at $0.0156 as of 2:13 a.m. EST.  The recent popularity of Solana meme coins has seen Honk pocket some massive gains, recording an impressive 526% pump in the last 7 days. Which one is the best SOLANA Memecoin? $KORRA $PONKE $HONK $BONK — ROMMS (@romms_romms) January 24, 2024 Honk Price Prediction Analyzing 30-minute HONK/USDT charts, we see that the Honk price is hovering near the lower Bollinger Band, which often indicates that the asset may be in a potentially oversold condition or that it is trading at low volatility. The Relative Strength Index (RSI) is around 40, which is neither in the overbought (typically above 70) nor oversold (typically below 30) zones. This indicates that there is neither significant buying nor selling pressure at the moment. Additionally, the Average Directional Index (ADX) with a value of 13.51, suggests that the current trend is weak hence the possibility of a correction....

Crypto exchange platform Binance.US faces ongoing challenges intensified by regulatory scrutiny, especially in Florida and Alaska, where its operations have been suspended. Alaska and Florida regulators deliver blows to Binance.US The Florida Office of Financial Regulation recently decided against Binance. US, known as BAM Trading under section 120.60(6) of the Florida statutes. This permits immediate suspension in case an operation is threatening public health, safety or welfare. The suspension seeks to protect the public’s interests as a result of findings that BAM Trading works posed an immediate danger. Binance.US has experienced challenges with regulatory issues in Alaska, as its banking division rejected license renewal for reasons not known yet.  These actions underscore the regulator s’ increasing scrutiny and commitment to enforcing compliance within the U.S. cryptocurrency market. The regulatory hurdles in Alaska and Florida are part of a broader crackdown on Bin...

Despite the slow start to the year that the digital asset sector has had, one token could be poised to make a turnaround. Specifically, Ripple (XRP) is eyeing potential 20% gains in a February rebound. Indeed, the asset is showing a signal that its downtrend could be coming to an end. The asset has responded well since dropping to $0.50 over the last several days. Currently, it is trading at $0.52 and is up more than 3% over the last 24 hours according to CoinMarketCap. Subsequently, some market indicators are pointing to a rebound phase that could arrive at the start of next month. Also Read: Ripple (XRP) Price Prediction: February 2024 Ripple (XRP) Could be Set to Rebound in the Second Month of 2024 Since the start of the new year, the digital asset market has failed to live up to expectations. Despite the landmark approval of Spot Bitcoin ETFs in the United States, the price of several tokens has not responded as expected. One of the chief culprits in that poor performan...

Maker (MKR) stands out with its role in powering the stablecoin DAI and its unique decentralized governance structure. Sui (SUI) offers a user-friendly DeFi experience with scalability and flexibility. NuggetRush (NUGX) is emerging as an exciting crypto project with unique tokenomics and Ethereum blockchain integration. Investors are constantly on the lookout for the next big thing in the ever-evolving world of cryptocurrency. As Bitcoin experiences its ups and downs, it’s only natural to seek out promising altcoins to buy that offer both innovation and potential for substantial gains. In the midst of this crypto rollercoaster, one project has been making waves, and it’s poised to shine in the face of adversity: NuggetRush (NUGX). But before we dive into the depths of this gem, let’s set the stage and explore why it’s gaining traction among the best cryptos to buy now as Bitcoin faces challenges. NuggetRush (NUGX) Why is Nu...

The number of Cardano smart contracts increased by nearly 10,000 by 2024. Charles Hoskinson, co-founder of Cardano, acknowledged the increase and emphasized its importance. As of January 26, 2024, Cardano had 24,050 V1 and V2 Plutus smart contracts, marking a 67%. An X user by the name of Darren tweeted that the number of Cardano smart contracts increased by nearly 10,000 in 2024. This particular remark attracted the immediate attention of Charles Hoskinson. Hoskinson, a co-founder of Cardano, expressed a modest acknowledgment in response to the remark. He added, “So my prediction ended up true, but a little late.” Hoskinson’s reply emphasizes the profound importance that this accomplishment holds for the Cardano ecosystem. So my prediction ended up true, but a little late. https://t.co/ivhvqblo1S — Charles Hoskinson (@IOHK_Charles) January 25, 2024 As of January 22, 2024, the Cardano blockchain had amassed an impressive 24,05...

Axiom, an emerging Ethereum data protocol, has secured $20 million in Series A funding for zero-knowledge proofs. A key technological underpinning of Axiom is its utilization of zero-knowledge proofs (ZK proofs). These cryptographic tools verify transactions without disclosing their specific details. They are instrumental in enabling Axiom’s method of access ing and processing Ethereum’s historical data. At the core of Axiom’s innovation is its ability to grant smart contract developers the capacity to retrieve historical Ethereum data. The data is then processed externally, off the main blockchain network. This approach enhances efficiency and addresses some of the inherent limitations of Ethereum’s smart contracts, specifically their inability to access older blockchain data directly. We're excited to announce we've raised $20 million led by @paradigm and @standardcrypto, with participation from @robotventures and @etherealvc We are building infra...

Jan 25, 2024 at 09:09 // Price Author Coin Idol Despite being on the rise, cryptocurrencies are struggling to break through recent highs. Altcoins are in danger of falling from their current highs. We will take a closer look at some of these virtual currencies. Manta Network The price of Manta Network (MANTA) is moving vertically. The cryptocurrency value rose to a high of $6.29 before falling back. The altcoin has started an upward movement as it continues its uptrend. At this point, the cryptocurrency is trading at $2.85. The positive momentum is expe...