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San Francisco-based blockchain company Ripple Labs has introduced new features that bring bank-grade custody technology to its crypto asset custody services and integrated compliance capabilities, according to an October 10 statement.Ripple said new features include hardware security module (HSM) options, preconfigured operational and policy settings, and advanced anti-money laundering (AML) monitoring to maintain regulatory compliance. The platform also introduces a streamlined user interface to make navigating storage services easier.Ripple's services also allow customers to tokenize real-world assets such as fiat currencies and commodities on the XRP Ledger (XRPL). Additionally, customers will have access to a decentralized exchange (DEX) with low-fee…
During the recent price downturn, crypto trader sentiment has been the most negative towards Chainlink, Ethereum, Bitcoin, Solana, and XRP. Assets with historically the most bearish crowd narrative have the highest potential for recovery. Santiment’s on-chain data marks 20 cryptoassets with a high probability of recovery. Crypto intelligence tracker Santiment tracks narratives among traders and identifies which assets have the best chance of recovery. Typically, the assets that have the most negative sentiment among crypto traders have the best chance of recovery. Chainlink (LINK), Ethereum (ETH), Bitcoin (BTC), Solana (SOL), and XRP rank among the top five assets with the…
Financial markets suffered major turmoil on Thursday amid worrying inflation data, with cryptocurrencies bearing the brunt of investor jitters ahead of the release of the key Consumer Price Index (CPI). .The U.S. Bureau of Labor Statistics is scheduled to release the latest inflation numbers at 8:30 a.m. ET, a report that could have a major impact on Federal Reserve policy and market sentiment.Cryptocurrency markets saw a sharp decline, with Bitcoin (BTC), the leading digital asset, plummeting 2.5% to $60,700, effectively erasing all gains from the previous week. Ethereum, the second-largest cryptocurrency by market capitalization, also fell 2.3% to $2,375, marking…
The SEC has charged three so-called market makers and nine individuals in the cryptocurrency industry with fraud and market manipulation. The investigation involved the Department of Justice and the FBI and uncovered deceptive practices used to manipulate the market. The SEC is seeking a permanent injunction against those involved, financial penalties, and the expulsion of executives. In one of its largest crackdowns, the SEC has indicted three market makers and nine crypto industry officials on charges of market manipulation. The SEC filed charges in Massachusetts District Court, alleging that the defendants were engaged in a fraudulent scheme to defraud retail…
Early cryptocurrency investors often become millionaires later on. That's why ambitious crypto investors invest their time in searching for the next crypto gem. In this article, we will focus on three coins with cryptogem potential: Solana, Tron, and Lunex Network. All of these cost less than the ETH price, but offer a greater ROI. But before we discuss these coins, let's first talk about the elephant in the room. Ethereum is not one of the best cryptocurrencies to buy right now. The reason is as follows In fact, Ethereum didn't rise much in value last year, despite the crypto market's…
Important points Ripple Custody provides banks with crypto storage with advanced security and policy settings. The service integrates with the XRP Ledger to enhance trading and compliance capabilities. Share this article According to a new report from CNBC, Ripple is rolling out a new suite of crypto storage services designed to help banks and fintech companies securely store and manage their crypto assets. This initiative is part of Ripple's strategy to diversify its services beyond traditional payment operations.While discussing the latest developments, Ripple's Senior Vice President of Products, Aaron Threathoe, said that the goal is to support the growing needs…
Bitcoin has recorded realized gains of $5.64 billion and is facing selling pressure due to bearish institutional sentiment. Bitcoin had a tough day on Wednesday, opening above $62,000 before falling to a low of $60,300 as of this writing. This marked a 2.33% price decline within 24 hours, adding to the negative overall weekly performance, confirming t.The world's largest cryptocurrency remains in a bearish trend. Meanwhile, recent data shows that a significant portion of investors are leveraging their holdings, leading to billions of dollars in realized profits. Billions in realized profits Recent insights from on-chain data, share Expert Ali Martinez…
A widely followed crypto analyst and trader offers his outlook on three altcoins while taking a bullish view on Bitcoin (BTC). An analyst known by the pseudonym Sherpa told his 224,200 followers on social media platform “We are experiencing severe price compression,” he said. Moving average line on daily chart. A pseudonymous analyst says: “There's going to be a big move and it's probably going to be on the upswing.” Source: Altcoin Sherpa/X At the time of writing, Bitcoin is trading at $62,150. Next is layer 1 altcoin Sui (SUI). Sherpa said Sui had witnessed “insane” price performance over the…
On October 8, 2024, the Bitcoin ETF recorded total net outflows of $18.6 million. Fidelity's FBTC ETF led the decline with outflows of $48.8 million, while Grayscale's GBTC ETF had smaller outflows of $9.4 million. BlackRock's IBIT ETF had the only notable inflow, adding $39.6 million. Other major ETFs reported no notable activity, including Ark, Bitwise, Invesco, Franklin, Valkyrie, VanEck, and WisdomTree.By October 9, the outflows had continued, with total net losses totaling $30.6 million. Ark's ARKB ETF led the day's outflows, with a loss of $44.5 million, while BlackRock's IBIT ETF posted modest inflows of $13.9 million. It was…
Allegations of cryptocurrency market manipulation have shaken the digital asset industry. US prosecutors have taken unprecedented action against alleged fraud in the cryptocurrency market.Reuters initially reported the first case of its kind. Federal authorities in Boston have indicted 18 individuals and companies for their involvement in a cryptocurrency market manipulation scheme.Also read: Top 3 cryptocurrencies that could rise more than 30% this weekendUS Prosecutors Tackle Crypto Fraud: Wash Trading Charges Rock Digital Asset IndustryThis lawsuit represents a major step in the fight against cryptocurrency fraud. The targets were Gotbit, ZM Quant, CLS Global, and MyTrade, as well as 14 individuals.…