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Holders of the world’s largest privacy coin lost over $300 million in market capitalization today after a promotional stunt dominated Monero’s proof-of-work mining network. Despite a broad rally in crypto asset prices today, Monero (XMR) lost 7% of its value over the last 24 hours over fears of a “51% attack” as small token project Qubic attempted a mining network takeover. Although the stunning hashrate displacement took many privacy advocates by surprise, the incident was planned and broadcasted in advance. Over the last two weeks, XMR has lost one-fifth of its value despite a 2% increase in crypto prices. During the past month, the coin has shed one-quarter of its market capitalization. Monero’s big new miner speaks out Protos reached out to Qubic administrators for comment via Telegram. The team was quick to deny that their well-publicized demonstration was any kind of 51% attack. “It was a takeover and demonstration” of the project’s “outsource...

In the past week, Chainlink LINK has surged by over 15%. Trading activity for LINK, especially amongst larger whale holders. The rally has prompted analysts to revise and heighten their price forecasts for the altcoin. One particular price prediction for LINK has the asset beating out its current all-time high of $52.88 in the next bull cycle, with whale movements likely providing a catalyst. On-chain data shows LINK has experienced increased purchases and withdrawals from whales on centralized exchanges. The climb in trading volume amongst these larger holders signals an accumulation phase, which often preceeds a surge. One whale wallet withdrew 510,000 LINK, worth about $11.13 million, from Binance over the past two days, later depositing the tokens into the lending protocol Compound. In addition, two other large addresses made significant acquisitions: one spent $1.34 million to buy 59,560 LINK, while another purchased 44,846 LINK for $1 million, according to data from Arkham Intell...

A leading cryptocurrency analyst has identified a clear pathway for Bitcoin (BTC) to reach $137,000 within the next 1-2 months.  Bitcoin price analysis chart. Source: TradingView According to TradingView analyst MasterAnanda in an August 11 post, Bitcoin’s 3-day chart reveals compelling bullish momentum that positions the asset for its next major price milestone at $137,000. “Bitcoin is now trading at is highest price ever since the all-time high. At resistance, challenging resistance, ultra-bullish.” MasterAnanda’s Analysis incorporates altcoin market behavior as a key directional indicator. When Bitcoin consolidates at high prices, rising altcoins typically signal that consolidation will lead to additional growth, while declining altcoins suggest potential breakdown. “If the altcoins are rising while Bitcoin is consolidating, this means that the consolidation will lead to additional growth,” the analyst stated, pointing to recent st...

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Ripple (XRP) is one of the leading cryptocurrencies, forging their own unique path by diving into multiple verticals at once. The token has amassed a spectacular positioning in the financial world, famed for its unique cross-border transactional segment that honors transparency, all while setting the stage for a massive decentralized financial overhaul. With three leading developments in the queue waiting to help XRP price soar, here’s how Ripple continues to shake the world for the future to come. Also Read: Ripple XRP Price Prediction Rallies Amid Trump 401k Changes 3 Major Catalysts That May Help XRP Price Explode 1. Done and Dusted: XRP vs. Ripple Case Source: Watcher Guru Ripple (XRP) has long been embroiled in a heated legal war with the US SEC. Over the years, Ripple was able to prove its innocence, blaming the Gensler-led US SEC for fueling opposing narratives against the token. XRP has now finally been served with justice, with both entities filing dismissal reports to en...

Ripple Labs (XRP) has announced that it is acquiring stablecoin platform Rail in a deal worth approximately $200 million. Ripple has invested heavily in stablecoin infrastructure in recent months, even launching its own RLUSD stablecoin. The acquisition – which will close in the fourth quarter of this year, pending regulatory approvals – will enable Ripple and Rail to “deliver the most comprehensive stablecoin payments solution available in the market,” according to Ripple Labs. “As regulations become more clear and the space has grown and matured, this opportunity for stablecoin payments is really ripe, and the acquisition of Rail just really solidifies our market leadership in stablecoin payments,” said Monica Long, president of Ripple, in an interview. According to the software and crypto giant, the deal will also add virtual accounts and automated back-office processes to Ripple’s existing payments capabilities. In addition, Ripple Labs (XR...

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Donald Trump has made new sensational comments about the Federal Reserve overhaul. Trump has been keenly pursuing the idea of replacing Jerome Powell as the current head of the Federal Reserve, appointing someone else to lead the prestigious department. This development has been gaining momentum as of late, with Trump stating that he wants Powell, the current Fed chair, out of the picture. That being said, this narrative will certainly take a significant toll on the price of Bitcoin and Ethereum, which have lately been toiling in the dark, finding ways to spike and surge to new highs. Will this development prove to be beneficial for both tokens? Let’s find out. Also Read: Cryptocurrency Market Loses $343 Million As Bitcoin Falls to $113k Trump’s Fed Dilemma: What’s Happening? Source: CNBC Donald Trump is outright speaking out against the current Fed chair, Jerome Powell. In one of his recent interviews, Trump stated that he has been considering four candidates to repla...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...