Stellar’s path to progress: Unveiling Protocol 20 upgrade for enhanced innovation and growth Crypto News: The Stellar blockchain has embarked on a transformative journey with the initiation of its much-anticipated “Protocol 20” upgrade. This milestone marks a significant leap forward in the capabilities of the Stellar network, introducing Ethereum-style smart contracts as part of the Soroban project. The upgrade has been eagerly awaited within the Stellar community, promising enhanced functionalities and paving the way for a new era of decentralized applications (dApps) and innovation on the platform. The Stellar Development Foundation, entrusted with the task of nurturing the Stellar ecosystem,…

Major changes to Ethereum pairs revealed by Binance: A new era in the crypto trading scene The largest cryptocurrency exchange in the world by trading volume, Binance, has announced adjustments to its Ethereum pairings that could impact spot and margin trading. The following Ethereum cross-margin pairings will be delisted by Binance, per the official announcement: ETH/BTC, ETH/USDT, ETH/BUSD, and ETH/USDC. Open positions in these pairs will be liquidated at the market price if users don’t close them before the delisting date. The Ethereum isolated margin pairings ETH/BTC, ETH/USDT, ETH/BUSD, ETH/USDC, ETH/BNB, ETH/EUR, ETH/GBP, ETH/AUD, ETH/RUB, ETH/TRY, and ETH/ZAR will also…

Worldcoin’s price surge: Balancing caution and opportunity amidst privacy-focused innovation Crypto News: Worldcoin, a cryptocurrency project with a unique focus on privacy-preserving digital identity verification, has recently seen an astounding surge in its price, capturing the attention of both investors and observers within the crypto market. Spearheaded by prominent figures such as OpenAI CEO Sam Altman and Alex Blania, Worldcoin aims to revolutionize identity verification through innovative technology, offering users rewards in the form of its native cryptocurrency, WLD, for participating in its iris scanning system. Over the past week, the price of Worldcoin has experienced an impressive 158% surge,…

Crypto funds reported record inflows totaling $2.45 billion globally amid Bitcoin ETF craze In the dynamic realm of cryptocurrency investment, the past week witnessed a significant milestone as crypto funds at leading asset management firms, including BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares, reported record inflows totaling $2.45 billion globally. This surge in capital influx, as reported by CoinShares’ latest report, underscores the burgeoning interest of institutional investors in the digital asset space. Dominated by the introduction of new U.S. spot Bitcoin exchange-traded funds (ETFs), year-to-date inflows to digital asset investment products now stand at an impressive $5.2 billion. The…

Sui network’s ascension: Navigating remarkable DeFi surge with impressive growth trends Crypto News: The Sui network, a prominent player in the decentralized finance (DeFi) landscape, has experienced a remarkable surge in transactions and total value locked (TVL) in tandem with the broader bullish trend seen across the cryptocurrency market. According to recent data from DeFiLlama, the TVL on the Sui blockchain skyrocketed to an impressive US$593 million on February 19th, accompanied by a 24-hour trading volume of nearly US$280 million. This surge in TVL reflects a substantial increase from the network’s initial figure of US$211 million at the onset of…

XRP price surge: Analyzing market sentiment and managing risk amidst cryptocurrency volatility Crypto News: XRP price recently experienced a surge, reaching US$0.56 on February 19th, marking a gain of 0.39%. Despite facing resistance around US$0.60, optimism prevailed among traders following Ripple’s acquisition announcement of Standard Custody on February 13th. This acquisition news further boosted XRP’s price by 12% within 48 hours. However, the broader crypto market cooled off after the closure of Bitcoin ETF trading on February 16th, causing XRP’s price to drop by 7% to US$0.54 by February 18th. Market Sentiment and Derivatives Trading: Despite the recent downturn, derivatives…

Cardano (ADA) price surges amidst cryptocurrency market downturn: A comprehensive analysis Crypto News: In the tumultuous landscape of cryptocurrency markets, Cardano (ADA) has emerged as a beacon of resilience, defying recent downturns with a remarkable surge in the crypto price. Over the past week, ADA price has seen a substantial 14% increase, a feat attributed to a confluence of factors including robust ecosystem growth, and burgeoning investor confidence. A recent report by Messari for Q4 2023 provides compelling insights into Cardano’s flourishing ecosystem. Total Value Locked on the network witnessed an astounding 166% quarter-over-quarter surge, soaring to a record-breaking US$450…

Bitcoin Price Prediction: Will It Cross US$55,000 This Week? The cryptocurrency market is ready Bitcoin, the leading cryptocurrency by market capitalization, has been on a strong uptrend since the beginning of 2024, reaching new all-time highs above US$50k in the last 2 years. The coin, which aims to be a global, decentralized, and peer-to-peer payment system, has been boosted by several factors, such as institutional adoption, regulatory clarity, innovation, and network effects. The question is: can Bitcoin break above US$55k this week and continue its bullish momentum? Bitcoin’s Current Price and Latest News As of 19 February 2024, Bitcoin is…

Cybersecurity Crisis: FixedFloat Exchange Ransacked for $26 Million in Cryptocurrencies In a recent post on Feb. 18, the FixedFloat team addressed a significant issue that had rocked the cryptocurrency community. The news first surfaced through blockchain researcher @reprove, who reported a breach at the crypto exchange. While the details surrounding the hack remain undisclosed, the developers characterized it as a “minor problem.” Nevertheless, they acknowledged a loss of at least 1,700 Ethereum (ETH), valued at approximately $4.7 million at the time of writing. The incident has ignited speculation regarding the potential involvement of FixedFloat developers in the theft. Some have…

Analyzing strategic whales’ moves in XRP: A potential catalyst for crypto price rally Crypto News: In the ever-evolving landscape of cryptocurrencies, strategic maneuvers by large investors, often referred to as whales, can offer valuable insights into the market’s future direction. Recently, XRP, one of the leading cryptocurrencies, has caught the attention of analysts and investors alike due to notable activities observed among its whale addresses. Despite experiencing a modest 9% gain over the week, XRP’s on-chain metrics reveal intriguing dynamics that hint at a potential price rally fueled by strategic whale accumulation. The Santiment supply by addresses chart serves as…