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The post Bhutan’s City To Add Bitcoin, Ethereum & Binance To Strategic Reserves appeared first on Coinpedia Fintech News Bhutan’s newly established Gelephu Mindfulness City (GMC) has announced its plan to include digital assets such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) as part of its strategic reserves. This initiative positions GMC as one of the first Special Administrative Regions (SARs) to officially integrate digital currencies into its economic framework. Bhutan Add BTC, ETH, and BNB To Strategic Reserves Gelephu Mindfulness City, located in the heart of South Asia, is uniquely positioned to take advantage of the growing digital economy. Its decision to include digital assets in its reserves is focused on those with large market capitalizations and high liquidity. This ensures that these assets can be bought and sold easily without causing large price swings. Bhutan’s Gelephu Mindfulness City Pioneers Adoption of BTC, ETH and BNB and Other...
The post XRP News: Ripple CEO Garlinghouse and CLO Alderoty Dine with Trump appeared first on Coinpedia Fintech News The outlook for XRP remains highly bullish, with strong community support and expectations that the coin could break its all-time highs in the near future, potentially within the next few weeks. Brad Garlinghouse, the CEO of Ripple, took to social media recently to share exciting news of a dinner meeting with President-elect Donald Trump and Ripple’s Chief Legal Officer, Stuart Alderoty. Sharing the picture on X (formerly Twitter) Garlinghouse wrote, “Great dinner last night with @realDonaldTrump & @s_alderoty Strong start to 2025!” Great dinner last night with @realDonaldTrump & @s_alderoty . Strong start to 2025! pic.twitter.com/UjM6lahUG4 — Brad Garlinghouse (@bgarlinghouse) January 8, 2025 This meeting, just days before the incoming president takes office, marks a significant development for XRP. With Ripple’s ongoing progress and high-profi...
The post XRP Price Prediction For January 8 appeared first on Coinpedia Fintech News Ripple’s XRP has slipped back to fourth position after erasing almost three percent of the gains made in the last 24 hours. The price is now battling to stay above the $2.30 mark and if the price breaks below key support levels, particularly $2.24, it may hint at a change in market structure. The current range has shown key phases like the automatic rally, secondary tests, and now a spring phase, where XRP is aiming for a breakout. This pattern has been observed before in other charts, like Binance Coin’s price action in 2023. We’re essentially waiting for the final breakout from the current range, which could happen soon. The accumulation phase that began in early December seems to be nearing its conclusion. While the breakout may take some time to fully unfold, the range is close to completing, and the next move appears to be to the upside. Support Levels to Watch The key sup...
The post Time to Buy XRP? $60.7M in XRP Outflow from Exchanges Amid Crash appeared first on Coinpedia Fintech News XRP, the native token of Ripple Labs, is poised for a massive price decline as it fails to hold a crucial support level. Despite this bearish outlook, long-term holders appear to be accumulating the tokens and seem to be taking advantage of the recent price decline, as reported by the on-chain analytics firm Coinglass. XRP Fails to Hold Bullish Outlook Before this crash, the overall market sentiment appeared bullish , with XRP seeming poised for a mega rally. However, the recent price decline has shifted the overall market sentiment, including for XRP. On January 2, 2024, XRP broke out from a bullish flag-and-pole price action pattern and subsequently moved into a consolidation zone, which the altcoin maintained for four trading days. However, the recent price crash has breached XRP’s consolidation zone and suggests a major price decline in the near future. ...
The post Cardano (ADA) Price Prediction for January 8 appeared first on Coinpedia Fintech News Amid the ongoing market crash, Cardano (ADA) has turned bearish and is poised to continue its price decline. Today, January 8, 2024, the sentiment across the cryptocurrency market has shifted, as the overall cryptocurrency market dropped by 5.5%. Cardano (ADA) Technical Analysis and Upcoming Levels This market crash has caused a breakdown of the four-day-long consolidation zone that ADA had been facing between the $1.047 and $1.11 levels. According to expert technical analysis, this breakout has turned ADA bearish, and there is a strong possibility it could initially decline by 8% to reach the support level of $0.95. Source: TradingView However, if this price decline continues and ADA fails to hold the support level of $0.75, there is also a possibility of another 20% price drop in the future, reaching the next support level at the $0.75 mark. Currently, ADA is tr...
The post Coinbase Secures Legal Victory as Court Approves Interlocutory Appeal in SEC Case appeared first on Coinpedia Fintech News In a latest development, Coinbase Global Inc has once again achieved a big win in its ongoing legal battle against the US SEC. Coinbase CLO Paul Grewal, in a latest X post shared that the court, led by Judge Catherine Polk Failla, has approved Coinbase’s request for an interlocutory appeal. This case involves charges from the U.S. SEC accusing Coinbase of enabling the trading of crypto asset securities. Over the strenuous objection of @SECGov , Judge Failla has GRANTED our motion for leave to pursue an interlocutory appeal and STAYED the district court litigation. We appreciate the Court's careful consideration. On to the Second Circuit we go. pic.twitter.com/FuZ2jcYvfF — paulgrewal.eth (@iampaulgrewal) January 7, 2025 “Over the strenuous objection of @SECGov, Judge Failla has GRANTED our motion for leave to pursue an interlocutory appe...
The post Why is the Crypto Market Down Today? appeared first on Coinpedia Fintech News Today, January 7, 2024, the overall cryptocurrency market is witnessing a significant price decline, resulting in long liquidations worth hundreds of millions. Amid this market downturn, Bitcoin (BTC), the world’s largest digital asset by market capitalization, has dropped by more than 5%. $293 Million of Crypto Liquidation This significant price decline brought BTC down from $102,060 to $96,865 within mere hours, causing liquidations worth $293 million in just four hours, according to the on-chain analytics firm Coinglass . However, the liquidations continue to rise, suggesting that this price decline may not stop here. Data further reveals that out of the $293 million in liquidations, more than 90% came from long positions, with $266.18 million worth of longs liquidated, while short liquidations amounted to $25.7 million. Besides BTC, Ethereum (ETH), Solana (SOL), Dogecoin ...
