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Blockchain company Ripple has announced a platform for its new stablecoin RLUSD, aiming to enter a market largely dominated by Tether and Circle. Digital asset company Ripple (XRP) has officially launched a stablecoin pegged to the US dollar in an effort to disrupt a market currently dominated by two major stablecoin issuers. According to a Reuters report on October 15th, the RLUSD stablecoin is available on both the XRP Ledger and Ethereum networks, as well as several centralized trading platforms including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish. It will be accessible. . Each RLUSD token is designed…

Big movements in the world of cryptocurrencies are often driven by market changes, where fear and excitement play a big role in how people invest. As Litecoin whales accumulate assets, uncertainty clouds their future, with many wondering whether the recent price surge can be sustained. Meanwhile, Ethereum’s recent 2% price decline, triggered by a massive sell-off from China, has investors worried. While these coins weathered market volatility, BlockDAG quietly passed a major milestone, with 13,011 mining devices sold and miner sales exceeding $5 million. Easy-to-use mining solutions make crypto mining accessible to everyone, from beginners to professionals. This change has…

US regulators, including the SEC and CFTC, have collected billions of dollars in settlements from crypto businesses so far this year alone. Market tracking platform CoinGecko revealed this figure in a study published on October 10th. According to the study, US regulators have earned about $32 billion from crypto companies in the past five years, and $19 billion this year alone. Settlement amount exceeds XRP market capitalization The numbers have caught the attention of market watchers, with commentators like Bitning founder Kashif Raza drawing surprising comparisons. Specifically, Raza pointed out that the $32 billion paid by crypto companies exceeds the…

Tether Holdings, known for its stablecoin USDT, is looking to lend to commodity markets. Several commodity trading companies are in talks to obtain US dollar financing from the company. The move represents a change in strategy for Tether, which is now looking to deploy its significant profits into other forms of currency. But smaller commodity traders face challenges securing credit, and that’s where horses like Tether step in. – Advertisement – While small businesses need financing assistance and have less access to lenders, prominent businesses like Trafigura Group have access to a wide range of lenders. The possibility of lending…

Grayscale has included Dogecoin (DOGE) in its list of 35 potential crypto products. The asset management company categorizes future tokens into five areas: currencies, smart contract platforms, finance, consumer and culture, and utilities. DOGE has shown recent market resilience, with a significant price increase and strong investor interest. In a recent blog post, Grayscale Investments announced that it has added Dogecoin (DOGE) to its list of 35 cryptocurrencies as potential future investment products. This decision reflects Grayscale’s commitment to diversifying the digital asset landscape and ensuring investors have access to a variety of investable assets. The company has divided these…

The US Spot Bitcoin BTC/USD ETF witnessed an inflow surge of $555.8 million on Monday, with 10 out of 12 ETFs reporting net inflows. What Happened: Fidelity Wise Origin Bitcoin Fund FBTC led the inflows, raising $239.25 million. Bitcoin ETF BITB followed with $100 million, according to SoSoValue data. BlackRock’s iShares Bitcoin Trust IBIT, the largest spot Bitcoin ETF by net assets, reported net inflows of $79.5 million. Other ETFs such as ARK 21Shares Bitcoin ETF ARKB and Grayscale Bitcoin Trust GBTC also recorded significant inflows. This day’s net inflows were the highest since July. ETF Store President Nate Geraci…

Multiple people have been arrested by Indian police for impersonating government-backed solar power programs that demand investment in exchange for revenue. With the help of cryptocurrency exchange Binance, Delhi Police seized $100,000 worth of Tether, the exchange confirmed in a blog post.The scammers claimed to have secured rights from the Indian government’s Ministry of Power to expand the country’s solar power grid. The fake company claimed to be helping the country meet its renewable energy goals and collected funds from individuals who believed they would receive a cut of the company’s future profits. Of course, this was all a lie.The…

Home > News > Business > SEC pursues Tether’s largest customer Cumberland Cumberland Global, a popular market maker for Tether, has been targeted by U.S. securities regulators, potentially bringing one of the world’s largest stablecoin issuers closer to being pursued by regulators. On October 10, the U.S. Securities and Exchange Commission (SEC) announced that it had filed a civil lawsuit against Cumberland DRW LLC in the United States District Court for the Northern District of Illinois. The SEC has accused Cumberland, a spin-off of Chicago-based DRW Trading Group, of “operating as an unregistered dealer in over $2 billion in crypto…

According to cryptocurrency tracker Lookonchain, whales are devouring the native tokens of decentralized exchanges (DEXs), Ethereum (ETH), Uniswap (UNI), and a handful of other decentralized finance (DeFi) tokens. . Lookonchain notes that an unknown whale wallet withdrew 299,133 UNI worth $2.39 million from cryptocurrency exchange Gate.io over the weekend. The same whale has also recently accumulated other DeFi altcoins, including 19,373 Aave (AAVE) worth $2.95 million and 596 Maker (MKR) worth $805,000 from Binance between August 13th and September 12th. ) is brought out. Lookonchain also points out that a whale wallet associated with investment firm Longling Capital purchased 5,000…

Binance and the Delhi Police have busted a $100,000 scam that misled investors with false claims related to India’s renewable energy efforts. Cryptocurrency exchange Binance has teamed up with the Indian police to uncover an elaborate scam involving a fraudulent organization called M/s Goldcoat Solar. The operation, which falsely claimed a connection to India’s renewable energy efforts, resulted in multiple arrests and resulted in 10 copies of the Tether (USDT) stablecoin, according to a Tuesday, October 15, Inc42 report. More than $10,000 was reportedly seized. The scam centered around deceptive claims that India had received rights from the Ministry of…