Crypto News
Cardano Stages V-Shaped Recovery as Price Swings 4%
The cryptocurrency market continues to navigate choppy waters as global economic factors create ripple effects across digital assets. Cardano’s native cryptocurrency, ADA ADA, demonstrated resilience, forming a V-shaped recovery pattern after finding strong support at $0.684 with significant buying volume overnight, according to CoinDesk Research's technical analysis model. This recovery comes amid broader market uncertainty as investors weigh the impact of escalating trade tensions between major economies.ADA is down 0.45% over the past 24 hours at press time, trading at $0.68, while the broader market gauge CoinDesk 20 Index fell 2.1%. Technical Analysis HighlightsPrice action formed a V-shaped recovery pattern from the low of $0.676 to reclaim the $0.697 level.Strong volume support emerged at $0.684, with the highest 24-hour volume...
Ripple Gains Regulatory Approval for RLUSD Stablecoin in Dubai
The two approvals mean that Ripple can integrate RLUSD into the global payment services it’s offering in Dubai and the UAE.Source link
Healthcare Tech Company Semler Buys More Bitcoin, Holdings Near $472 Million
The Nasdaq-listed healthcare technology firm has been accumulating Bitcoin for just over a year.Source link
Semler Scientific Expands Bitcoin Holdings to 4,449 BTC With $20 Million Purchase
Semler Scientific has acquired an additional 185 BTC for $20 million, increasing its total holdings to 4,449 BTC. This strategic investment has contributed to a 26.7% year-to-date yield on the company’s bitcoin portfolio. Semler Scientific’s Bitcoin Investment Yields 26.7% YTD Return Semler Scientific (Nasdaq: SMLR) has bolstered its bitcoin reserves by purchasing 185 BTC forSource link
MoonPay Grabs Coveted BitLicense Approval In New York
MoonPay, a cryptocurrency on-ramp and payments firm with over 20 million users, has been granted a coveted BitLicense and money transmitter license by the New York State Department of Financial Services (NYDFS).The BitLicense approval completes MoonPay’s U.S. regulatory coverage, complementing money transmission licenses in 46 other U.S. jurisdictions, as well as registrations in the UK, Australia, Canada, Italy, Ireland and Jersey, the company said in a press statement on Wednesday.Donald Trump’s crypto-friendly administration has made attaining a solid footing in the U.S. all the more desirable for firms as his administration works on federal regulations. The NYDFS BitLicense approval is widely recognized as a gold standard in the crypto industry.The NYDFS approval comes on the heels of MoonPay opening a...