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XRP is currently under the spotlight due to its price fluctuations, capturing the attention of investors who are keen to explore the potential gains they might enjoy if XRP achieves specific price milestones. Recent weeks have witnessed a surge in XRP’s value, driven by optimism surrounding the ongoing SEC v Ripple lawsuit and bolstered by the confidence of influential figures within the crypto currency community. As investors in XRP eagerly anticipate the future of this digital asset, many have begun to set their sights on substantial price targets for the upcoming bull market, spanning from a modest $5 to a tantalizing $100. This article delves into the potential returns that could be realized by investors holding 10,000, 50,000, and 100,000 XRP tokens at these various price points. Returns for Holding 10K, 50K, 100K XRP at $5 In the event that XRP attains the $5 threshold, a portfolio containing 10,000 tokens would witness a notable increase in value. It could reach an impr...

In anticipation of the verdict of Sam Bankman-Fried (SBF), scheduled for March 28, 2024, the crypto community is abuzz, sharing their opinions on the trial of the disgraced founder of FTX, a defunct crypto exchange. The crypto markets fell after the verdict. However, losses were largely contained. Bitcoin (BTC), which has surged more than 100% this year following the $1.5 trillion digital asset crash in 2022, fell about 1% to $34,416 at the time of writing. You might also like: Lawyer expects around 20 years of jail time for Sam Bankman-Fried Bloomberg journalists commented on the court’s decisions, asking the question: what will happen next to crypto currency? Experts interviewed by the publication believe that the court’s decision points to the end of an era of risky and illegal practices and to a more regulated future with greater adoption of digital assets and blockchain technology. Brian Mosoff, chief executive officer of Ether Capital Corp., said the ...

On Tuesday, Jack Mallers’ Bitcoin-focused payments app Strike responded to a media inquiry about a customer database breach, saying, “There’s no evidence that Strike was breached.” However, within minutes, crypto researcher ZachXBT had posted evidence of the breach in a Telegram channel, and within hours, Strike admitted to customers that its email list was indeed breached by a third party. The incident isn’t the first time that Strike and its CEO Mallers have misled the public about the reality of the company’s operations.  Mallers promised, for example, that customers would be able to use Strike to pay for everyday purchases in bitcoin at Walmart, McDonald’s, Walgreens, and Starbucks. This simply never happened. Then in 2021, Mallers demonstrated international workers sending a USD remittance in their Strike account. In fact, for months, Strike was secretly representing Tether as USD to customers in its app. Good thing Tether’s peg held $1 until Strike disclosed the fu...

The attitude of Hong Kong residents towards crypto currency has sharply worsened after the scandal with the JPEX crypto currency exchange. A survey from the Hong Kong University of Science and Technology School examined the impact of the JPEX scandal on public attitudes towards virtual assets. The survey began on Sept. 28, about 11 days after the allegations against JPEX were made public, and compared its results with a similar survey conducted between April and May. The survey results showed that 41% of respondents would prefer not to hold virtual assets, up 12 percentage points from the May survey. At the same time, only 20% of respondents will be ready to store virtual assets over time. This is down five percentage points from the previous survey – another sign that Hong Kong residents’ attitudes towards the crypto currency industry may worsen. You might also like: Hong Kong plans to flag suspicious crypto platforms amid JPEX scandal HKUST experts admitted...

In her testimony last week, Caroline Ellison provided additional color on the flow of money between Alameda Research, FTX, and Tether. However, her appearance in court raised more questions than answers. During the course of the trial, Ellison was asked how much of the $10 billion in Alameda ’s bank account from FTX customers was used to send back to FTX customers in the form of stablecoins, and she disclosed that she believed it was “in the ballpark of $2 billion.” This number is surprising because previous reporting from Protos indicated that Alameda Research had issued approximately 37 billion in Tether s, and sent approximately 30 billion of those to FTX . The remainder were mostly sent to Binance and Huobi. Tether Papers: This is exactly who acquired 70% of all USDT ever issued One explanation, of course, is that the remainder of the tethers were issued using Alameda’s cash from its many profitable trades. However, it’s not clear based on the o...

In response to new rules by the Financial Conduct Authority (FCA), OKX announced changes to its services for U.K. users, including offering 40 token s. Seychelles-based crypto exchange OKX has responded to strict new rules regulating the advertising of cryptocurrencies in the U.K. by significantly changing its services and offerings for customers in the country. In an Oct. 8 update on its website, OKX stated that it had tailored a compliant user experience in line with the FCA’s new crypto promotion rules.  Starting Oct 8, we will implement changes due to new UK Financial Conduct Authority regulations . The updates ensure compliance with the Financial Promotions Regime for retail users. #OKX will continue to provide crypto services to our UK clients.https://t.co/g3kBL7Yo50 — OKX UK (@okx_uk) October 8, 2023 According to the exchange, one of the major changes it is making is reducing its token offering to slightly more than 40 cryptocurrencies. It will also now implem...

Komainu is increasing its presence in the U.K. after making an agreement with authorities to store crypto seized during local investigations in 2021. Komainu, a crypto currency custody firm co-created by crypto investment firm CoinShares, hardware wallet company Ledger and Japanese Nomura, has secured major regulatory approval in the United Kingdom. The company announced on Oct. 6 that it has received approval from the U.K. Financial Conduct Authority (FCA) to register as a custodian wallet provider under the Money Laundering, Terrorist Financing and Transfer of Funds regulations 2017. The crypto asset registration with the FCA allows Komainu to offer crypto custody services in the United Kingdom, including collateral management services through its Komainu Connect platform. “The U.K. remains one of the most important hubs for financial technology and innovation that will spur the convergence of traditional and decentralized finance,” Komainu CEO Nicolas Bertrand said. Related: Co...

Shiba Inu has managed to steal the spotlight yet again. Latest on-chain data has indicated that new wallets have acquired more than 18 billion tokens in the past two weeks. This surge in activity underscores the enduring popularity of the asset. These intriguing findings have emerged from data provided by NerdBot, an analytical resource specializing in on-chain data. NerdBot’s latest discoveries reveal a consistent pattern of accumulation among newly established wallets, signaling a growing interest in Shiba Inu. According to this data, the trend of accumulation began around Sept. 20. However, between this date and Sept. 24, the rate of accumulation remained relatively modest, with daily cumulative purchases consistently falling below 500 million SHIB. Source A notable turning point occurred on Sept. 25 when Shiba Inu witnessed a substantial spike in accumulation, surpassing 5 billion tokens in a single day. This significant increase might indicate that investors were poised t...

Starting from Oct. 16, Chase Bank customers in the United Kingdom will no longer be able to make crypto transactions. Chase Bank, a digital bank owned by the investment bank JPMorgan, will restrict all crypto currency-related transaction s for its customers in the United Kingdom. Starting from Oct. 16, customers of Chase Bank in the U.K. will no longer be able to make crypto transactions using their debit cards or through outgoing bank transfer, a spokesperson for the firm told Cointelegraph on Sept. 26. “Customers will receive a declined transaction notification if they do attempt to make a crypto -related transaction ,” Chase Bank said in a statement. According to the bank’s representative, Chase has decided to enforce new cryptocurrency restrictions due to an “increase in fraud and scams related to crypto assets.” This is a developing story, and further information will be added as it becomes available. Source: https://thebittimes.com/jpmorgan-s-subsidiary-chase-uk-to-restrict...

The European Parliamentary Research Service (EPRS) suggests stricter supervision of the crypto market to enhance stability and foster growth. With the adoption of the Markets in Crypto-Assets Act (MiCA), EPRS emphasizes the need for a robust regulatory framework beyond the European Union (EU). The European Parliament underscores that the EU’s financial system and autonomy remain vulnerable due to its dependence on the actions of non-EU countries. The report states that the lack of proper crypto regulation will undermine financial stability and reduce market attractiveness. At the same time, the massive use of stablecoins is the main problem. You might also like: Malta takes next steps to align with EU’s MiCA regulation EPRS provided a report on the status of crypto currency regulation outside of Europe. In the United States, regulation remains fragmented with multiple stakeholders involved, indirectly affecting regulatory clarity and certainty. “Zooming out...

Bitsa, a European prepaid card service that allows users to buy and sell cryptocurrencies, has launched a new feature called Saving. Saving is a tool that enables users to automate their crypto investments using the dollar-cost averaging (DCA) strategy. The new feature will also have a simulator, allowing users to estimate how much they could save using the DCA strategy. Users can choose the crypto asset they want, the amount they want, and the frequency of their investments. After a certain period, the simulator will then show them how much their investment would be worth. Antonio Palacio, managing director of Bitsa, said that the crypto market is currently showing positive trends and is the right time to launch a financial tool to help investors maximize their profits. He added that Saving is designed to make crypto investing easy and accessible for everyone. You might also like: Dollar-Cost Averaging Bitcoin: How to Get Crypto Rich Slowly What is the DCA? Dollar-c...

According to eToro deputy CEO Hedva Ber, Europe is “hugely important” for the firm as the majority of eToro users are based in the region. Cryptocurrency-friendly brokerage firm eToro is expanding its crypto services worldwide by securing new regulatory approval in Europe. eToro has received the Crypto Asset Service Provider (CASP) registration from the Cyprus Securities and Exchange Commission (CySEC), the firm officially announced on Sept. 21. According to eToro, the registration will authorize it to offer regulated crypto services to all countries in the European Union from one single entity known as eToro Europe Digital Assets. The registration will specifically come into effect once the EU’s Markets in Crypto-Assets Regulation (MiCA) is enforced in December 2024. According to eToro deputy CEO Hedva Ber, the registration shows that eToro is “100% ready to embrace a new era for crypto once MiCA comes into effect next year.” The exec pointed out that Europe is “hugely important”...

Crypto exchanges HTX (formerly Huobi) and OKX have seen their traffic surging 200% and 185% YTD, respectively. Cryptocurrencies like Bitcoin (BTC) have been widely described as going through a bear market in 2023, but this may not exactly be the case, according to indicators such as the website traffic of certain crypto platforms. Some major cryptocurrency websites, such as Binance and Coinbase, have seen a significant traffic drop in 2023, but there are many crypto sites that have experienced the opposite. According to data from the web analytics platform Similarweb, the number of total monthly visits on the Binance website tumbled by 22% from 69 million in January 2023 to 54 million in August. Coinbase’s website has experienced a 15% traffic decline over the period, with the number of visits dropping from 33.5 million to 28.4 million. A number of cryptocurrency exchange websites have had more success in terms of traffic, though. According to Similarweb data accessed by Cointelegraph...

Crypto bad actors from the DPRK have stolen $340.4 million in 2023, down from $1.7 billion from the prior year, but that's no reason to feel at ease. Cryptocurrency stolen by North Korea-linked hackers is down a whopping 80% from 2022 — but a blockchain forensics firm says it isn’t necessarily a sign of progress. As of Sept. 14, 2023, North Korea-linked hackers have stolen a total of $340.4 million worth of cryptocurrency, down from a record $1.65 billion reported funds stolen in 2022. Cryptocurrency funds stolen by North Korean-backed groups between 2016-2023. Source: Chainalysis “The fact that this year’s numbers are down is not necessarily an indicator of improved security or reduced criminal activity,” Chainalysis said in a Sept. 14 report. “We must remember that 2022 set a dismally high benchmark.” “In reality, we are only one large hack away from crossing the billion-dollar threshold of stolen funds for 2023.” Over the past 10 days, North Korea’s Lazarus Group has been link...

The Hong Kong regulators have only approved a handful of crypto exchanges to date that are permitted to offer crypto retail trading services. OKX crypto currency exchange has entered the final stage before acquiring a virtual asset service provider license (VASP) in Hong Kong. The crypto exchange expects the final approval for a VASP by March next year. Li Zhikai, the global chief commercial officer of OKX, in an interview, said that they are actively engaged in a dialogue with the banks and are currently waiting for the group to be issued a license and start a business. The crypto exchange has started the preparatory work such as technology docking. Hong Kong became a pro-crypto nation in 2023 and announced a licensing regime for crypto exchanges to offer their services to retail customers. While more than 80 crypto firms initially showed interest in opening an office in the country, only a couple of crypto platforms such as HashKey and OSL gained the necessary license to ...

What are the current trends in VC investment in the crypto sector, and when will the bear market finally end? In May, Bitcoin ( BTC ) posted its first monthly loss since December 2022 with a negative 6.98% . However, this consolidation was not obviously driven by a change in fundamentals or the broader macroeconomic environment. The crypto market was looking for direction and liquidity in this phase before the United States Federal Reserve announced a pause on the rate hiking cycle in June.  Many indicators, such as the futures market and VC investment, point to an optimistic underlying sentiment. But while traditional markets and tech stocks were able to continue their rally in May, actual price action in the crypto market remained suppressed and took some time to spring from its woodworks. The report is available for free on the Cointelegraph Research Terminal. For those keen to gain a deeper understanding of the crypto space’s various sectors and their fundamental trends, Coint...

Crypto is currently in the midst of one of its worst bear markets. The first quarter of 2023 was surprisingly positive, with most crypto assets fetching investors positive ROIs. However, with macro-weakness still prevalent, Bitcoin and altcoins failed to establish a strong rally. Bitcoin recently broke below its ascending channel, quashing the recover y narrative. Over the next few weeks, it is imperative for BTC to continue collecting liquidity around the current levels. A failure to do so could result in a drop of up to $15,588 in the worst-case scenario. That being said, the asset will get a couple of chances around $21,351 and $18,126 to redeem itself. BTC/USDT by TradingView In the event of a recover y, BTC would first be tested at around $28,585. If it successfully breaks above, it could rise up to $31,804. However, given the current state of affairs and market sentiment, it doesn’t seem like this scenario will pan out anytime soon. Several analysts in the industry have...

The cybersecurity firm has still not been able to determine the actual names or identities of the hackers despite the findings. Potential evidence linking an anonymous scammer to a Canadian group was highlighted by blockchain security firm CertiK in a report sent to Cointelegraph, however the company has so far failed to confirm the name or identity of the perpetrator/s.  On Aug. 16, CertiK released their findings from their investigation of a pseudonymous crypto scammer known as “Faint.” According to CertiK, the alleged scammer has been active since 2022, and the company has lost at least $1 million from their actions. The security firm identified several Ethereum Name Service (ENS) domains linked to Faint. This includes faintxbt.eth, comefindme.eth, thanksfortheseed.eth, onchainkitten.eth and hzontop.eth. CertiK also highlighted that there have been links that established Faint’s connection to another alleged scammer known as “Soup.” On July 17, on-chain researcher ZachXBT publ...

How To Buy Bitcoin With AIB Bank?: A Comprehensive Guide ‍Established in 1966, the Allied Irish Bank (AIB) has emerged as one of the leading commercial banks in Ireland. While the bank does not directly facilitate the purchase of Bitcoin and other cryptocurrencies, its customers can still step into the crypto world using AIB’s banking services. Also read: BRICS Bank Encourages Developing Countries to Ditch US Dollar Source: Freebitcoin A Brief Overview of AIB Bank AIB is a reputable financial institution serving its customers for over five decades. It offers various financial products, including savings and banking accounts, loans, investment services, and more. The bank is publicly traded on the Irish Stock Exchange and the London Stock Exchange, reflecting its strong market presence and credibility. Furthermore, the bank’s forward-thinking approach towards digital currencies is evident in its banking policies that do not prohibit customers from depositing fu...