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Ripple / US Dollar

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Cryptocurrency Ripple / US Dollar

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Crypto exchange Bitstamp is seeking additional funding to expand its operations in Europe and Asia, with advisory services provided by Galaxy Digital Holdings. The funds will be used to introduce derivatives trading in Europe and increase market presence in Asia. Bitstamp's American division, Bitstamp USA, has seen an increase in its market share in the U.S. this year. Coinbase Global Inc. and Gemini have also launched offshore derivatives exchanges this year.

Portfolio Pulse from Murtuza Merchant

August 08, 2023 | 2:47 pm

Pro-XRP lawyer John Deaton expected Ripple's native token (XRP) to break $1 after a court ruling determined it is not considered security in certain circumstances. Despite a surge of over 75% in XRP following the ruling, it peaked at $0.84. The ruling was a significant development in the legal battle between Ripple and the SEC, which alleged that Ripple engaged in unregistered sales of XRP, considered by the agency to be a security. At the time of writing, XRP was trading at $0.61.

Portfolio Pulse from Mehab Qureshi

August 07, 2023 | 12:48 pm

Galaxy Digital CEO Mike Novogratz has expressed his belief in the value of Bitcoin (BTC), stating that its value comes from the trust of its users. He highlighted the recent shift in institutional support for Bitcoin, exemplified by BlackRock's application to establish a Bitcoin spot ETF and bullish remarks on digital tokens. Novogratz also mentioned Ripple's (XRP) recent court victory against the SEC and the emergence of Worldcoin as potential factors that could boost Bitcoin's value.

Portfolio Pulse from Benzinga Neuro

August 01, 2023 | 8:49 am

A study by Cryptogambling.tv using Google Trends data reveals that Bitcoin (BTC) and Ethereum (ETH) are the cryptocurrencies that Americans are most interested in selling. The study considered the 24 largest cryptocurrencies by market cap. The highest number of searches for 'sell bitcoin' occurred at the end of July, both in the U.S. and globally, due to the current financial and economic strain. Ethereum's highest 'sell' searches occurred in September worldwide. Ripple (XRP) and Dogecoin (DOGE) rank third and fourth respectively, while Shiba Inu (SHIB) rounds out the top five.

Portfolio Pulse from Murtuza Merchant

July 31, 2023 | 5:28 pm

In June 2023, Robinhood Markets Inc (NASDAQ:HOOD) delisted Solana (CRYPTO: SOL), Cardano (CRYPTO: ADA), and Polygon (CRYPTO: MATIC) due to regulatory pressures. Since then, the value of these cryptocurrencies has risen, with Solana showing a return of 43.4% in less than a month. This outperformed Bitcoin, Ethereum, and the SPDR S&P 500 ETF (NYSE:SPY), which are down 4.0%, flat, and up 5.3% respectively over the same period.

Portfolio Pulse from Chris Katje

July 24, 2023 | 9:10 pm

XRP's price has decreased by 6.69% over the past 24 hours to $0.69, continuing its downward trend over the past week of -6.0%. The trading volume for the coin has decreased 36.0% over the past week, while the overall circulating supply of the coin has decreased 0.01% to over 52.54 billion. The current market cap ranking for XRP is #5 at $36.41 billion.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 3:00 pm

In Q2 2023, Bitcoin (BTC) gained market dominance over altcoins despite a downturn in the crypto market. Major cryptocurrencies like Binance Coin (BNB), Ripple (XRP), and Cardano (ADA) suffered significant losses due to lawsuits filed by the SEC. DeFi tokens like Uniswap (UNI), Chainlink (LINK), and Lido (LDO) also experienced double-digit losses. However, Bitcoin's dominance increased to a two-year high of over 52% in late June.

Portfolio Pulse from Murtuza Merchant

July 19, 2023 | 5:04 pm

Bitcoin (BTC) traded lower, falling below the key $30,000 level, while Ethereum (ETH) traded above the key $1,900 mark. Stellar (XLM) was the top gainer over the prior 24 hours, while 1inch Network (1INCH) was the biggest loser. The global crypto market cap rose to $1.2 trillion, recording a 24-hour gain of 0.1%.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 1:41 pm

US Congressman Ritchie Torres has written a letter to SEC Chair Gary Gensler, questioning the SEC's aggressive approach towards cryptocurrencies. This follows the SEC's unsuccessful lawsuit against Ripple, where the court ruled that XRP does not qualify as a security. Torres argued that the SEC had been careless in its application of the Howey Test, used to determine if transactions qualify as 'investment contracts'.

Portfolio Pulse from Murtuza Merchant

July 18, 2023 | 7:33 pm

XRP's price has risen 5.36% to $0.76 in the past 24 hours, continuing its positive trend over the past week with a 59.0% gain. The trading volume for the coin has risen 246.0% over the past week, diverging from the circulating supply of the coin, which has decreased 0.15%. The current market cap ranking for XRP is #4 at $40.15 billion.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 7:00 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.