The post Ripple CTO’s Early Bet on Ethereum Unveiled Amidst Ripple-Cardano Controversy appeared first on Coinpedia Fintech News David Schwartz, Ripple’s Chief Technology Officer has recently posted online the reason behind his early investment in Ethereum, which came out during an online argument with Cardano’s founder, Charles Hoskinson, over the controversial “ETH Gate” theory. Schwartz’s Early Ethereum Investment David Schwartz revealed about his early investment in Ethereum when an user put forward a question before him on X. Not only did he reveal about how he gained access to Ethereum p ..read more

The post Deutsche Bank Warns: Tether and Other Stablecoins To Face Risk of Failure appeared first on Coinpedia Fintech News In a recent research note, Deutsche Bank analysts have raised concerns about the stability of the growing stablecoin market, particularly targeting Tether (USDT) and others for lacking transparency, reserve backing, and robust operational controls. The report suggests that the majority of stablecoins are at risk of failure in the future or face a fate similar to that of TerraUSD (UST) stablecoin. Stablecoin Market Under Scrutiny Stablecoins, designed to maintain a steady ..read more

The post Harvest Global Eyes China Market with Spot Bitcoin and Ethereum ETFs on Stock Connect appeared first on Coinpedia Fintech News Han Tongli, the Chief Executive Officer of Harvest Global Investments, indicated that his firm might seek approval to list spot Bitcoin and Ethereum exchange-traded funds (ETFs) on the Stock Connect scheme. Their listing is expected to potentially give investors from mainland China direct access to these products in about two years.  During the Bitcoin Asia conference in Hong Kong, Han said that Harvest “doesn’t rule out” pursuing this opportunity if “ev ..read more

The post Dogwifhat (WIF) Soars 30% in a Week: Will It Break Past $4 Soon? appeared first on Coinpedia Fintech News A ray of bullish hope surfaced after a series of price downturns for Dogwifhat (WIF) in the past month. Dogwifhat’s price gained over 30% within the last week, setting it back toward a higher price value.  Since its launch in December 2023, Dogwifhat has gained over 1,835% in value. Currently, Dogwifhat is gunning toward establishing support above the $4 mark and possibly surpassing its all-time peak within Q2.  Whale Confidence Helps Dogwifhat (WIF) Regain Control Dogw ..read more

The post Crypto Giants FTX and Alameda Research in $97M Sell-Off Frenzy: What’s Next for Investors? appeared first on Coinpedia Fintech News Two bankrupt crypto firms FTX and Alameda Research have been actively liquidating their altcoin holdings as part of a debt repayment strategy. According to reports, wallets associated with FTX and Alameda Research have transferred a combined total of $97.35 million in assets for liquidation purposes over the past month. FTX is selling its Solana (SOL) holdings to pay back customers, which raises concerns about more sell-offs in the coming days and increa ..read more

The post Kraken Fires Back at SEC: Highlights Lack of Specificity in Allegations appeared first on Coinpedia Fintech News Kraken has intensified its clash with the US SEC. It fired back a reply to the agency’s April letter, as the company had asked the court to dismiss the case.  Kraken points out that the SEC has not identified any specific investment contract traded, brokered, or settled on its platform. It also underlines the agency’s incorrect use of terminologies, using ‘Investment Concepts’ and ‘Ecosystem’ instead of ‘Investment Contracts’ and ‘Enterprise’.  The exchange signi ..read more

The post Toncoin (TON) Price Spikes to $6.40 After Pantera Capital’s Big Investment appeared first on Coinpedia Fintech News Toncoin (TON) today demonstrated bullish momentum following Pantera Capital’s investment. The TON token shot up to $6.40 on Friday morning, marking its highest price since April 19th. This surge represents a huge jump of nearly 405% from its lowest point on May 1st and a whopping 535% increase from its lowest level in 2023. With this rise, TON’s market cap is now over $22 billion. Let’s see what it means for you. Here’s the Real Insight!  According to a recent news ..read more

The post Trump Pro-Crypto Stance at Mar-a-Lago NFT Gala Spark Surge In Memecoin appeared first on Coinpedia Fintech News Donald Trump, the Republican candidate for the 2024 US Presidential Elections, made significant pro-crypto declarations during an event at his Mar-a-Lago resort in Palm Beach, Florida. He promises to end US hostility towards cryptocurrencies and accept digital asset donations for his potential re-election campaign.  This surprising move signals a significant shift in Trump’s stance on crypto, contrasting sharply with his previous criticisms. Trump’s Crypto Pledges Duri ..read more

The post Bitcoin Price Prediction: Jack Dorsey Forecasts BTC Price To Hit $1 Million by 2030 appeared first on Coinpedia Fintech News Twitter co-founder Jack Dorsey has made a bold prediction: Bitcoin’s value could skyrocket to at least $1 million by 2030. In an interview with journalist Mike Solana on Pirate Wires, Dorsey revealed his optimistic expectations for the future of cryptocurrency and suggested that its worth could even cross this milestone within the next decade. This revelation comes amidst Dorsey’s departure from the board of BlueSky, a decentralized Twitter alternative he co-fo ..read more

The post CryptoQuant Report: Dencun Upgrade Shatters Ethereum’s ‘Ultra-Sound Money’ Status appeared first on Coinpedia Fintech News Crypto analytics firm CryptoQuant’s latest report casts doubt on Ethereum’s status as “ultra-sound money” after the implementation of the Dencun Upgrade in mid-March. This upgrade, designed to reduce fees and enhance network scalability has accidentally made Ethereum a more inflationary asset. However, Analysts note a slowdown in the rate of ETH burning, will cause the Ethereum price to fall near by $2500. Backfiring Dencun Upgrade The CryptoQuant report highligh ..read more