Crypto News
Chainplay: 83% of Crypto Investors Have Faced Scams or Hacks
A recent study by Chainplay and Storible reveals that 83% of crypto investors have been scammed or hacked at least once, with average losses reaching $2,622 per victim. Exchange hacks have cost users over $27 billion, highlighting the persistent security risks in the crypto market. Crypto Fraud on the Rise: Investors Lose Billions to HacksSource link
XRP in Focus as RLUSD Sees $100M Minted on Ripple Payments Boost
Over $100 million in Ripple USD (RLUSD) has been issued since April 1, among the highest levels in recent months, as demand for the relatively new stablecoin heats up.A $50 million tranche of RLUSD was issued earlier this week on Tuesday, with another $50 million late Wednesday. That came as Ripple added the stablecoin to its official payments product, with payment providers BKK Forex and iSend already said to be using the stablecoin.Industry leaders expect RLUSD to further shift crypto market dynamics, where upstarts tether (USDT) and USD Coin (USDC) could see competition from Ripple’s product.XRP Ledger-based decentralized financial (DeFi) applications could be a cohort to watch for as RLUSD gains traction on various platforms, boosting XRP token demand.RLUSD is...
Lawmakers Press SEC for Details on Trump’s Crypto Connections
Trump’s crypto ties pose “an unprecedented conflict of interest,” said lawmakers asking the SEC for answers on paused enforcement cases.Source link
Kazakhstan, UAE Seek to Boost Digital Asset Cooperation
Kazakhstan’s financial sector recently strengthened ties with the United Arab Emirates (UAE) through a delegation visit from March 26-27. Kazakhstan, UAE to Cooperate on CBDC Development A delegation from Kazakhstan’s financial sector recently visited the United Arab Emirates (UAE) to strengthen collaboration in digital assets and blockchain technology. Held from March 26 to 27, theSource link
XRP Nears Topping Pattern That Could Lead to a Downtrend, Establishing $1.07 as Support: Technical Analysis
Tariffs-led risk-off has payments-focused cryptocurrency XRP trading close to the support zone near $2, a crucial level for confirming a significant topping pattern and renewed downtrend.We are referring to the head-and-shoulders pattern, comprising three peaks, with the middle being the highest. A horizontal line drawn from the base of the three peaks, the neckline, marks the key demand zone.In XRP's case, the $1.90-$2 range has been that demand zone since January. So, a price move below the same would trigger the H&S breakdown, confirming a bullish-to-bearish trend change.A potential breakdown could see prices nearly halve to $1.07, according to veteran analyst and trader Peter Brandt. Chart analysts identify targets using the measure move method, which involves determining the distance from...