Cryptocurrency

As the technological landscape rapidly evolves, industries face significant challenges, including high data costs, inflexible networks, security risks, and costly network deployments. To address these issues, innovative solutions are crucial. These solutions will enhance network flexibility, security, and cost-efficiency, unlocking new development opportunities.XPIN Network is pioneering a new era of secure, autonomous, and decentralized wireless networks. XPIN’s vision is to create a robust ecosystem for private and encrypted communications, enabling seamless information exchange and data sharing. XPIN Network provides an open, plug-and-play platform that supports the development of various applications, while actively enabling open access to create a collaborative and shared ecosystem of hardware and software infrastructure. The platform integrates multiple network formats, including 4G, 5G, SDWAN, and satellite networks, ensuring seamless transition through vSIM technology. By combining blockchain’s security and transparency with 4G/5G’s fast data processing capabilities, XPIN Network automates network services and user transactions, ensuring efficient and secure operations.XPIN Network is set to launch XPIN eSIM, marking a new era in global network connectivity. With seamless global network access, cross-regional data switching, multi-operator support, and efficient network management, users can enjoy high-quality network services while avoiding high roaming fees. Blockchain technology ensures high efficiency, security, and user privacy protection, offering users exclusive services and benefits.The upcoming XPIN Box and XPIN Power Bank WiFi are designed to meet the demands of the Web3 era. These devices offer stable and high-speed network connections on-the-go. By contributing to the network and participating in network management and governance, users can earn substantial rewards and drive the development of distributed communications networks in the Web3 era.About XPIN NetworkXPIN Network is a blockchain-based decentralized wireless network platform dedicated to creating a robust ecosystem for private and encrypted communications, enabling users to avoid high roaming fees while benefiting from seamless and private communications. XPIN’s innovative products, including the XPIN eSIM, XPIN Box, and XPIN Power Bank WiFi, are designed to enhance user experience and support the evolving demands of the Web3 era. By leveraging community collaboration and advanced technology, XPIN Network aims to revolutionize global network connectivity and communication.Users can learn more about XPIN Network and stay up-to-date with its developments here:X(Twitter) | Telegram | WebsiteContactLioraXPIN Networkmedia@xpin.networkThis article was originally published on Chainwire More

The one-of-a-kind exchange introduces unique features and benefits, setting a new standard in digital asset tradingFigure Markets, a decentralized custody marketplace for digital assets, has launched the Figure Markets Exchange, the foundation for the company’s ambitious vision of creating a single platform for seamless trading across a wide range of assets — the “exchange for everything.”Initially launched as a US onshore exchange, plans are already underway for an offshore exchange later this year. Over time, the exchange will operate on a membership basis, with top-tier members benefiting from being paid to trade (vs. paying commissions), discounted borrow rates, and various other advantages.The Figure Markets Exchange offers a suite of unique solutions and capabilities today, including:About Figure MarketsFigure Markets is democratizing finance through blockchain. They’re building the exchange for everything – a decentralized custody marketplace for crypto, stocks, bonds, credit and more. Figure Markets bringing best in class leverage, margining and liquidity to our exchange, while offering our members extensive borrowing options and unique investment opportunities. Figure Markets puts their members in control of their assets and data, disintermediating legacy brokers, exchanges and lenders.Figure Markets is backed by leading venture capital firms and strategic partners, including Jump Crypto, Pantera, Distributed Global, Faction Lightspeed, NewForm Capital and CMT Digital. Figure Markets was founded by a seasoned team of entrepreneurs and operators from TradFi, fintech, and DeFi, including Mike Cagney and June Ou.To learn more, please visit www.figuremarkets.com or their LinkedIn, Telegram, X, and Discord.ContactDirector, MarketingPaula Machado JacklerFigure Marketspress@figuremarkets.comThis article was originally published on Chainwire More

The flagship cryptocurrency tumbled over 15% on Monday before rebounding around 5% the next day. The trigger was not crypto-specific but rather contagion from the correction in traditional risk assets such as equities. Last week’s weak US payroll report, along with rising jobless claims, has amplified fears of a US recession. At the same time, the Bank of Japan’s rate hike sparked concerns about a broader unwinding of the yen carry trade. This dual impact triggered a correction in risk assets, particularly equities and cryptos, and a rally in safe assets such as government bonds, the yen, and the Swiss franc.That said, JPMorgan analysts suggest that a certain crypto trading firm played a role in the sell-off by liquidating large amounts of ether. Retail investors also contributed to the market chaos, with spot bitcoin ETFs seeing their largest monthly outflow in August.”Momentum traders, including CTAs, have been exiting long positions and building up short positions,” JPMorgan noted, exacerbating the downturn. In contrast, broader institutional investors in the futures market have shown limited de-risking. JPMorgan’s futures position indicator, which tracks the total open interest in CME bitcoin futures contracts, suggests this. The futures curve staying positive indicates that these investors remain relatively bullish.According to JPMorgan, several factors are contributing to institutional optimism. Morgan Stanley now allows its wealth advisors to recommend spot bitcoin ETFs to their clients. Moreover, the bulk of liquidations from the Mt. Gox and Genesis bankruptcies are likely behind us, and upcoming cash payments from the FTX bankruptcy could further boost demand in the crypto market. Both major political parties in the US have indicated support for favorable crypto regulations in 2025 and beyond.Bitcoin rebounded from a low of around $49,000, a level that coincides with JPMorgan’s central estimate of the cost of bitcoin production. “If the price had remained at or below this level for a prolonged period, it would have pressured bitcoin miners, potentially leading to further declines in bitcoin prices,” the Wall Street bank explained. Even with these upbeat signs, JPMorgan believes they are largely factored in. “With limited de-risking in the CME bitcoin futures space and equity markets still appearing vulnerable, we remain cautious on the crypto market despite the recent correction,” the report concluded. More

This amount is significantly less than the $2 billion in fines and penalties that U.S. regulators had originally sought in the prolonged legal battle against the cryptocurrency firm.XRP token surged around 20% following the news to $0.6165.The SEC had sued Ripple, its CEO Brad Garlinghouse, and co-founder Chris Larsen in 2020, alleging they had illegally raised over $1.3 billion through an unregistered securities offering by selling XRP. However, the regulator dropped its remaining claims against Garlinghouse and Larsen in October. This case has been closely watched, as it is one of the largest brought by the SEC within the cryptocurrency sector.”We respect the court’s decision and have clarity to continue growing our company,” Ripple CEO Brad Garlinghouse stated in a post on X.He noted that the court reduced the SEC’s demand by about 94%, “recognizing that they had overplayed their hand.” Garlinghouse described the outcome as a “victory for Ripple, the industry, and the rule of law,” adding that “the SEC’s headwinds against the whole of the XRP community are gone.”In her ruling on Wednesday, U.S. District Judge Analisa Torres noted that the case did not include any allegations of fraud.Despite the surge, the XRP token remains relatively unchanged this year. The ruling comes at a time when digital currencies have lost value amid current global market risk aversion.Judge Torres had previously determined that XRP was subject to securities law only when sold to institutional investors, a ruling celebrated as a significant victory for the industry. The SEC continues to pursue several major cases against cryptocurrency exchanges and issuers, accusing them of offering unregistered securities. More

WHY IT’S IMPORTANT The SEC had been seeking fines and penalties totaling $2 billion in its case against Ripple Labs, its chief legal officer Stuart Alderoty said in March. This penalty would qualify only for a fraction of that amount.The SEC previously sued Ripple, its CEO Brad Garlinghouse and co-founder Chris Larsen in 2020, accusing them of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP.The SEC dropped its remaining claims against Garlinghouse and Larsen in October. The case had been highly watched, as it is among the biggest brought by the SEC in the cryptocurrency space.THE RESPONSE”We respect the court’s decision and have clarity to continue growing our company,” Ripple CEO Brad Garlinghouse said in a post on X. “As court after court has stated, the securities laws apply when firms offer and sell investment contracts, regardless of the technology or labels that they use,” a SEC spokesperson said in reaction to the ruling. More

As can be seen from the recent price action, Solana has been gaining traction. At $152 points, SOL is performing marginally better than Ethereum. This increase in Solana’s worth is a sign of investors’ rising confidence and the growing uptake of Solana’s protocols. A significant volume spike that is depicted on the chart supports the strong buying interest in SOL. Its protocols have increased revenue, which is one of the main reasons for Solana’s rise.The blockchain powered by Solana has been effectively managing a high volume of transactions, offering Ethereum substitutes that are quicker and less expensive. Because of its effectiveness, Solana’s ecosystem has been further strengthened by drawing in a large number of developers and projects.When considering the network’s capabilities, the comparison between Solana and Ethereum is especially evident. Due to its high throughput and cheap transaction costs, Solana is now a strong rival of Ethereum, which has been having problems with scalability and high gas fees.As a result of Solana’s increased performance and affordability, a growing number of users and developers are using it. Furthermore, what distinguishes Solana from other cryptocurrencies is its creative use of blockchain technology, particularly its proof-of-history (PoH) consensus mechanism. This special feature improves the security and efficiency of the network, making it a desirable choice for a range of applications.Shiba Inu’s recent price action indicates that it has successfully recovered from the crucial support level at $0.000010. This rebound offered hope for a more robust comeback, but the actual performance has not been as strong. The meager 3% price increase from the lowest candle indicates that investors are not very interested in purchasing. The graph shows that SHIB has had a modest upward trend even though it was able to avoid any more large drops.With no discernible increase in buying activity, the trading volume during this bounce further demonstrates traders’ cautious approach. The absence of significant buying pressure indicates that investors are still cautious about Shiba Inu’s immediate future. The performance of Shiba Inu has to be viewed in the larger context of the highly volatile and uncertain cryptocurrency market.Furthermore, Shiba Inu faces a difficult road ahead, according to technical indicators. SHIB is still in the oversold area, indicating that selling pressure may continue, according to the relative strength index (RSI) and the moving averages, which both show a sustained downward trend.The accumulation of leveraged positions near this price point is the basis for this possible move. Should Bitcoin be able to overcome this resistance, it might signal the start of a short-term bull market. But a number of things make me wonder if this possible upward trend can last.The apparent decline in purchasing activity is one of the primary problems. It is clear that many investors are still cautious despite the recent price increase, because the volume of buy orders is still relatively low. This hesitancy may result in weak support levels, which would increase the price’s vulnerability to downside pressure.Furthermore, a bearish rally could be extended in the near future in response to a possible spike in selling activity. Increased selling pressure might cause Bitcoin to drop again if more investors choose to sell their holdings. This situation is especially likely if Bitcoin is unable to decisively break through the $56,000 barrier.Bitcoin’s price fluctuations are also significantly influenced by the mood of the wider market. Investor confidence is still being impacted by current economic uncertainties and regulatory concerns in different areas. Some elements can cause sudden changes in price and add to the overall volatility of the market.This article was originally published on U.Today More

This article was originally published on U.Today More

Lennon asked the U.S. government to comment on the stock market meltdown, adding that the community on X deserves to have “a little talk, a little reassurance.”As reported earlier, the stock market went down sharply in the U.S. after an even worse situation that happened to the stock market in Japan last week caused largely by the interest rate increase made by the Bank of Japan earlier.Bitcoin reacted to the market crash with a massive drawdown, pulling the rest of the cryptocurrency markets along.Taleb pointed out that for 33 years before now, Japan has been keeping its interest rates close to zero, only adding quantitative easing measures to that. All of that comes “at a price you eventually must pay,” the scholar concluded. He added that Japan has been always mentioned by QE supporters as “a place where the strategy worked.”This article was originally published on U.Today More