Author: Yeek.io

Este artículo también está disponible en español. XRP has faced significant selling pressure over the past several hours, causing the price to dip to new local lows around $2.65. This decline comes after a period of heightened volatility in the broader cryptocurrency market. While the long-term outlook for XRP remains bullish, the recent drop highlights risks that investors need to monitor closely. Related Reading Top analyst Ali Martinez shared insights on X, pointing to a critical development on XRP’s daily chart. He revealed that the Bollinger Bands, a popular technical analysis indicator, were tightening prior to the drop. This “squeezing”…

Este artículo también está disponible en español. For weeks, Ripple’s XRP has been on a tear, breaking key price metrics which allowed it to solidify its standing as one of the industry’s biggest cryptos. For most of 2024, XRP has been on a sideways movement, trading at the $0.50 level. But then Trump and the US elections happened, and the XRP has become one of the industry’s best-performing digital assets. Related Reading As one of the top-performing assets, XRP naturally caught the attention of some market analysts and commentators. Rajat Soni, a leading finance expert, has offered a satirical take…

Igloo Inc., the company behind Pudgy Penguins, has officially launched Abstract Chain. Abstract is an Ethereum (ETH) layer-2 blockchain built to simplify access to Web3 applications. The platform uses ZKsync’s ZK Stack technology, enabling faster transactions and lower fees while maintaining scalability and security, according to a release shared with crypto.news. Through its flagship platform, The Portal, users can access over 100 apps and projects by simply signing up with an email address. Web2 simplicity with Web3 potential Abstract Chain aims to remove the technical barriers that often deter everyday users from engaging with blockchain technology. The platform combines Web2…

Ripple (XRP) has been making headlines recently, bolstering its presence in the U.S. by securing Money Transmitter Licenses in New York and Texas.According to reports, this move represents a pivotal moment for Ripple as it solidifies its regulatory standing. Ripple’s CEO Brad Garlinghouse remarked that 75% of the company’s open positions are now U.S.-based, with hiring having doubled since 2023.This increased domestic focus stems from optimism surrounding a more crypto-friendly stance under President Donald Trump’s administration. Adding to this narrative, the upcoming Federal Reserve meeting on Wednesday could play a significant role in shaping the XRP price.Economic policies from such…

Nasdaq has submitted a groundbreaking proposal to the U.S. Securities and Exchange Commission (SEC) that could transform the operational framework of Bitcoin exchange-traded funds (ETFs). The proposal, focused on BlackRock’s iShares Bitcoin Trust (IBIT), seeks to introduce “in-kind” bitcoin redemptions, offering a streamlined and cost-effective alternative to the current cash redemption process.JUST IN: BlackRock files to allow in-kind creations and redemptions for its spot Bitcoin ETF! pic.twitter.com/SSigX4utRG— Bitcoin Magazine (@BitcoinMagazine) January 24, 2025 What Are In-Kind Redemptions?Under the proposed system, institutional players known as authorized participants (APs) – responsible for creating and redeeming ETF shares – could opt to exchange ETF shares…

What Triggered Bitcoin’s Decline?This downturn in Bitcoin’s value comes amid a broader market slump, partly influenced by the release of DeepSeek R1. This development has disrupted the AI sector and adversely impacted the prices of AI-themed tokens. With market conditions shifting, investors are now closely watching Bitcoin’s price trajectory, wondering how much further it could fall.Could Bitcoin Drop Below $90,000?Bitcoin failed to stay above the key $100,000 level on January 27 and pulled back to the $98,000 level for support. Analyst AlphaBTC also highlighted Bitcoin’s relative weakness around the $100,000 level, noting that both Bitcoin and TradFi futures have come…

Homepage > News > Business > Angel tax removal boosts Indian startup ecosystem Startups are coming back to India after the removal of the angel tax, highlighting positive shifts in the business landscape, said Amardeep Singh Bhatia, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT). The DPIIT is working to enhance capital inflow through various efforts, including collaborations with international partners and funding schemes to support the startup ecosystem. In July 2024, Finance Minister Nirmala Sitharaman abolished the ‘angel tax’ to bolster entrepreneurial spirit and support innovation as she presented the Budget 2024-2025 in Parliament. The…

Shiba Inu traded near $0.00001788, with key support at $0.00001850 and resistance at $0.00002097 shaping its next move. SHIB overtakes Official Trump in market cap amid a 12% drop in memecoin valuations, showcasing its lasting relevance. The memecoin market has seen a sharp decline over the past 24 hours and now stands at approximately $97 billion. Shiba Inu [SHIB] one of the key players in this space, has also faced significant losses. However, SHIB has managed to reclaim its position as the second-largest memecoin by market cap, overtaking Official Trump [TRUMP].  SHIB price action and technical analysis Shiba Inu was trading…

Vitalik Buterin’s strategy aims to solidify Ethereum’s position as a “triple-point asset.” Despite recent optimism, Ethereum faced challenges from competitors and bearish market sentiment Recent price movements of Ethereum [ETH] have sparked a wave of optimism among analysts, with many suggesting that the rally could be just beginning. At the heart of this renewed confidence lies a bold, multi-faceted strategy put forward by Ethereum co-founder Vitalik Buterin. His vision, which positions Ethereum as a “triple-point asset,” seeks to enhance the blockchain’s utility, scalability, and value proposition in the evolving crypto landscape. Buterin’s core proposals for Ethereum’s evolution In his latest…

XRP price dived to its lowest point in 12 days as the cryptocurrency sell-off accelerated amid fears surrounding DeepSeek. Ripple (XRP) dropped to $2.65, falling by over 21% from its highest level this month, bringing its market cap to $173 billion. XRP price forms a doji candlestick pattern There are signs that the price of Ripple could bounce back as long as it trends near the $3 price level. Closing Monday’s trading session above that price would indicate the formation of a long-legged doji candlestick, which often signals a strong reversal. A doji is a candlestick pattern characterized by a…