Bitcoin is the first decentralized cryptocurrency. Each subsequent such currency is referred to as an “altcoin” or in other words an alternative cryptocurrency. Stay up-to-date with the latest news on the altcoin market.
In a recent social media post, Tether CEO Paolo Ardoino rejected the idea of investing some of the company’s profits in Ethereum.
Ripple’s latest quarterly report reveals that the company currently holds 4.682 billion XRP tokens in its wallets.
As the ruling in the case between Ripple Labs and the US Securities and Exchange Commission (SEC) approaches, the crypto community is speculating on the potential impact on the price of XRP.
Ali Martinez, one of the well-known crypto analysts predicts a potential rally for XRP.
XRP, one of the top cryptocurrencies by market cap, recently surged to $0.65, marking a strong performance in July.
U.S. based spot Ethereum (ETH) exchange traded funds (ETFs) posted positive results on Aug. 1, although Grayscale’s ETHE saw outflows equal to $78 million for the day.
Overall market sentiment is currently rather bearish, with major assets like Bitcoin (BTC) and Ethereum (ETH) experiencing significant declines.