Coindesk

Fundamental investors tracking XRP have more reason to cheer as a planned set of features aims to make the XRP Ledger, the network underpinning that token, even more appealing for institutional usage.XRP prices are up 2.2% in the past 24 hours, outperforming a 1.1% decline in bitcoin following Tuesday’s market carnage.Ripple said in a Tuesday update the XRP Ledger network will build out more compliance functions and expanded lending, among other features, to let institutions meet regulatory requirements and offer new lending options.These include flexible tokens, a lending system, an EVM sidechain, and permissioned settings that take place directly on the decentralized network (without any intermediaries).The updates are in addition to features already live on the network, including clawback —...

By Omkar Godbole (All times ET unless indicated otherwise)The crypto market is looking to regain some poise after yesterday's tumble with on-chain indicators showing signs of capitulation in bitcoin. Some tokens, like MakerDAO's MKR, stand out with a 20% gain in 24 hours, thanks to the DAO's buyback and burn process.IP, the native token of decentralized intellectual property-focused blockchain Story Protocol, is also in the green, having risen nearly 40%. The token's price has doubled in two weeks after being listed on South Korean exchanges. Other notable outperformers include Celestia's TIA along with XDC, QNT and HYPE. Data tracked by blockchain sleuth Lookonchain shows whales have been buying the dip in the HYPE token. XRP, meanwhile, is hanging on to...

Jeremy Allaire, co-founder and CEO of stablecoin issuer Circle, says companies issuing digital tokens pegged to the dollar should be registered in the U.S.“It shouldn’t be a free pass, right?” Allaire said in an interview with Bloomberg. “Where you can just ignore the U.S. law and go do whatever the hell you want wherever and sell into the United States.” Circle's USDC is the second-largest dollar-backed stablecoin by market cap, lagging behind Tether's USDT.Crypto has featured heavily since the start of President Donald Trump's presidency. In January he issued an executive order laying out specific actions, including one being for the nation to move forward with a more crypto-friendly regulatory framework. In February, Tennessee Senator Bill Hagerty introduced a stablecoin...

Genesis Digital Assets Limited (GDA) is expanding its bitcoin (BTC) mining operations in West Texas with a 50-megawatt (MW) energization increase across its Pyote and Vernon sites.GDA is a private company with offices in the United Arab Emirates and the United States, with a total power capacity of over 600 MW. While the company refused to disclose its total hashrate, GDA Executive President Abdumalik Mirakhmedov claimed it to be “one of the largest bitcoin mining companies in the world in terms of this metric.”For comparison, Bitdeer (BTDR) one of the biggest public bitcoin mining companies in terms of infrastructure, has almost 900 MW worth of capacity, while heavyweights MARA Holdings (MARA) and Riot Platforms (RIOT) have more than 1 gigawatt...

Payments-focused cryptocurrency XRP is down but not out, whereas the outlook for dogecoin (DOGE) appears grim, based on an analysis of Fibonacci retracement levels.XRP reached a peak of $3.40 in mid-January and has since entered a downtrend, with the price dropping 25% this month to $2.28, according to data from TradingView and CoinDesk.While the sell-off has been steep, it corresponds to only a 38.2% Fibonacci retracement of the rally that started at Nov. 4's low of 49.5 cents through the Jan. 16 high of $3.40. A retracement is a drop from the principal trend.That's positive news for XRP bulls, as that level, along with the 50% and 61.8% ratios, indicates potential areas for the price to resume its previous trend,...