Ripple (XRP) price has moved sideways in the past few months as the recent consolidation continues. The coin was trading at $0.50 on Tuesday after Roblox announced that it will integrate it into its ecosystem. Ripple has dropped by more than 47% from its post-SEC lawsuit victory high. Ripple price reacted mildly to news from Roblox, one of the biggest metaverse and gaming companies in the world. Roblox has a market cap of over $18 billion and millions of users.…

Cryptocurrency exchange Binance US has withdrawn FDIC insurance for user funds. The exchange faces regulatory heat from the US Securities and Exchange Commission (SEC). The SEC lawsuit ramifications are spilling over. In a significant policy change, Binance US, the American arm of the global cryptocurrency exchange Binance, has revoked FDIC insurance coverage for user funds. The move comes amid an ongoing legal battle with the US SEC, which has accused the exchange of violating federal securities laws. The FDIC insurance…

Key takeaways Layer 1 blockchain Everscale’s token has plunged by more than 20% so far today. The development team announced that a large number of its tokens were stolen. Everscale tokens stolen, EVER token dips by 20% Everscale, a Layer 1 blockchain project built on the Telegram Open Network architecture, informed its community members via Twitter on Tuesday that a large number of tokens have been stolen. Recent EVER volatility Friends, unfortunately, a large number of EVER tokens have been…

BitGo acquires HeightZero to serve the growing institutional interest in crypto wealth management. BitGo CEO, Mike Belshe, emphasizes the urgency for wealth managers and RIAs to prepare for an impending Bitcoin ETF approval. HeightZero’s services enhance BitGo’s capacity to offer secure long-term crypto holdings for institutional clients. Cryptocurrency custody specialist BitGo has made a strategic move in the rapidly evolving digital asset landscape by acquiring HeightZero, a software platform dedicated to providing wealth managers with tools to incorporate cryptocurrencies into…

Crypto exchange FTX might be bankrupt but it continues to spell bad news for Solana. During the ongoing trial of FTX’s former CEO Sam Bankman-Fried, Solana’s name has cropped up more than once.  It doesn’t help that Bankman-Fried was once a strong supporter of Solana. Following multiple mentions during the trials, Solana’s price has dropped significantly in the recent past. One of the few saving graces amidst the gloom seems to be the excitement around the presale success of InQubeta…

Key takeaways Bitcoin is trading above the $28,400 mark and could rally higher in the short term. Memeinator’s presale has now surpassed $700k three weeks after its launch. The cryptocurrency market has been positive so far this week, with most coins and tokens in the green zone. Memeinator’s presale has now crossed an important milestone as the team continues to raise more funds. Bitcoin eyes the $30k level Bitcoin, the world’s leading cryptocurrency by market cap, has been performing well…

 Key takeaways Bitcoin briefly touched the $30k level on Monday before retracing later on. Shiba Memu’s presale is now closing in on the $4 million mark. The cryptocurrency market is having a rollercoaster week so far, with Bitcoin and others experiencing mixed performances. Shiba Memu’s presale is now closing in on the $4 million mark as more investors pledge funds to the project. Bitcoin eyes the $30k mark  Bitcoin, the world’s leading cryptocurrency by market cap, briefly touched the $30k mark…

Roblox adopts XRP as a payment method for in-game purchases. The integration will be aided by BitPay and Xsolla, facilitating seamless integration with crypto wallets. The move reflects the growing interest in cryptocurrencies within the gaming industry. Roblox, the immensely popular online gaming platform with over 200 million monthly active users, is breaking new ground by adopting Ripple (XRP) as a payment method for in-game purchases. The announcement was made on October 17, 2023, through BitPay’s official X channel. News…

Bitcoin jumps to $30k on fake BTC ETF news The spike was quickly reversed The chances are high that there will be a BTC ETF Bitcoin is one of the assets that kept its gains against the US dollar in 2023. More precisely, Bitcoin’s price started the year on a bullish tone, rallying massively from $15k area to above $30k.  Fast forward to mid-October, and Bitcoin trades, more or less, near its yearly highs.  We cannot say the same about…

Bernstein analyst says Bitcoin is more attractive than gold. Gautam Chhugani explained why in a research note today. Bitcoin is currently down about 10% versus its YTD high. Gold has a history of doing well in a recession – but this time Bitcoin is an even better investment, as per a Bernstein analyst. Bitcoin has a history of outperforming gold Gautam Chhugani continues to see the world’s largest cryptocurrency as the ‘safe haven’ since it has performed about five times…