Ripple has launched a pilot project that will see its stablecoin, Ripple USD, used for drought relief in Kenya. The announcement comes just days after Ripple integrated the Ripple USD (RLUSD) stablecoin in its payments solution. Ripple is partnering with Mercy Corps Ventures and DIVA Donate, a platform that leverages decentralized finance technology to facilitate…
The U.S. Treasury Department has imposed sanctions on crypto addresses associated with Russia’s Garantex in its latest action against the Houthis and their funding operations. The U.S. Department of the Treasury’s Office of Foreign Assets Control has imposed sanctions on eight cryptocurrency addresses used by the Houthi foreign terrorist organization to finance activities like arms…
Ethereum developers have locked in May 7, 2025, as the launch date for the network’s next major upgrade, Pectra. The decision was made during a core developer call on Apr. 3, following a successful test on the Hoodi testnet, Pectra upgrade’s third and final dry run. The Hoodi testnet is now ready to go live…
Ethena is facing a potential wave of sell pressure as 266 million ENA tokens are set to unlock in two phases, starting with the first $34 million unlock today. According to CryptoRank.io, Ethena (ENA) will unlock 94.19 million ENA tokens today, worth $33.87 million—0.63% of total supply and 1.79% of market cap. Further, 171.85 million…
Bitcoin, altcoins, and the stock market continued their downward trend on Friday as the trade war between the U.S. and China escalated. Bitcoin (BTC) price dropped to $82,000, erasing some of the gains made during the Asian and European markets. Ethereum (ETH) dropped below $1,800, while the market cap of all coins fell to $2.64…
The XRP price was trading above a crucial support level on Wednesday after Kraken added its stablecoin. Ripple (XRP) was trading at $2.10, down over 37% from its highest level this year. The decline has brought its market cap to $126 billion, making it the fourth-largest cryptocurrency. The biggest XRP news was that Kraken, a…
Bitcoin’s selling pressure has fallen sharply, suggesting a period of consolidation through April and May. On a Apr. 1 post on X, CryptoQuant analyst Axel Adler Jr. noted that daily selling volume on major exchanges has dropped from 81,000 Bitcoin (BTC) to 29,000 BTC. Following this decline, the asset may enter a supply shortage phase…
Nigeria’s President Bola Tinubu has signed a new law strengthening SEC oversight of cryptocurrencies and classifying them as securities. Nigeria‘s President Bola Ahmed Tinubu has signed the Investments and Securities Act 2024 into law, classifying cryptocurrencies as securities under the regulatory authority of the Nigerian Securities and Exchange Commission, local news outlets report. The new…
While some policymakers have described Bitcoin as a store of value, its recent price action seems to suggest it’s being treated more like a high-beta tech stock. Despite numerous opinion leaders, including Federal Reserve Chair Jerome Powell, describing Bitcoin (BTC) as a safe haven asset and a potential alternative to gold, its recent price behavior…
A bill to regulate stablecoin in the United States has been passed by the US House Financial Services Committee. On April 2, the Committee approved the Stablecoin Transparency and Accountability for a Better Ledger Economy Act in a 32-17 vote. It will now head to a full House vote. The bill, backed by Republican lawmakers,…
