Today will be an important day for Ripple. As Ripple announced yesterday, its stablecoin Ripple USD (RLUSD) will be available for sale on global exchanges starting from December 17. “Each RLUSD token is fully backed by US dollar deposits, US government securities, and cash equivalents,” Ripple said in a statement. While RLUSD is expected to be available for sale on exchanges, the XRP price has increased by over 14% in the last 24 hours, making it the second altcoin to gain the most in the last 24 hours. Evaluating this rise in XRP, Obchakevich Research founder Alex Obchakevich stated that RLUSD was behind the recent rise in XRP and said, “Since XRP will be burned in RLUSD transactions, the two assets are intertwined and investors noticed this connection.” “XRP has seen the biggest growth among the top 10 cryptocurrencies over the past week, significantly outpacing Bitcoin’s 10% increase over the same time frame. XRP has been consolidating in this bull flag for a while now, but I think it will head towards $4 once it breaks the $2.60 resistance. “Also, according to my predictions, RLUSD will enter the top 100 cryptocurrencies with a market cap of over $1 billion in the first days.” Bitrue exchange chief executive Adam O'Neill stated that the launch of RLUSD will play a role in increasing market demand for XRP and will support the rise in price. O'Neill pointed to spot XRP ETFs as a bullish factor other than RLUSD, and stated that he expects them to be approved in 2025. “We think XRP ETFs will also be a likely event in 2025 and we expect a new record for XRP by the end of Q1 2025 at the latest. Because we think XRP will benefit greatly from Trump's pro-crypto administration.” XRP continues to trade at $2.68, up 14 percent in the last 24 hours. *This is not investment advice. Continue Reading: XRP Is On The Rise Again! What Is The Reason For The Rise? Analysts Explained, Gave A Date For A New Record!
Expectation of 97.4% Probability for 25 Basis Point Cut at December 18 FED Interest Rate Meeting ————— NFA.
The post Crypto Hack Alert: LastPass Breach Leads to $5.36M Theft from 40 Wallets appeared first on Coinpedia Fintech News The effects of LastPass’ cyber attack that was recorded in 2022 are now affecting those who hold cryptocurrencies as over $5.36 million was stolen. This was discovered by blockchain detective ZachXBT , who shared that the “LastPass threat actor” attacked more than 40 addresses in the latest heist. The Latest Attack: $5.36 Million Stolen ZachXBT said in an update on December 17 that the stolen funds were converted into Ethereum and then transferred to different instant exchanges and then back to Bitcoin. This attack is from the sequence of attacks resulting from the December 2022, LastPass breach where attackers gained access to the encrypted vault data which was backed up to an unknown cloud platform. Still, at that time, LastPass gave its users the guarantee that their master passwords were encrypted with high levels of security, which in turn rendered the chances of the hackers pulling off brute force attacks very difficult. Despite that, the hackers have acted systematically, targeting users who stored their cryptocurrency private keys or seed phrases in their LastPass vaults. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Weekly Crypto Hack Report: Are Your Digital Assets Safe? , Rising Losses: Over $250 Million Compromised The collective losses resulting from the LastPass hacks are estimated to be in excess of $250 million by May 2024, according to the cybersecurity organization Security Alliance (SEAL). Past attacks have been performed as large-scale thefts and they include $6.2 million in February 2024 and $4.4 million in October 2023. The attackers have been capitalizing on the opportunities with several attacks coinciding with the holiday seasons with Christmas just a week away as people are likely to fall prey to fake promotions and other festive bonuses. Users of LastPass are encouraged to move their assets now to other storage if they think they have their private keys or seed phrases saved in LastPass vaults. Lessons Learned: The Dangers of Storing Data in One Place This constant threat attack has shown the risks associated with centralized password managers for important blockchain data. Of course, LastPass boasts that it encrypts users’ data, and in this case, even encrypted data is not safe, at least if taken en masse. 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The post Crypto Millionaire Dreams: SHIB vs DOGE — Expert Insights for 2025 appeared first on Coinpedia Fintech News Dogecoin and Shiba Inu are cryptocurrencies that have made crypto millionaires in the past, and the new 1Fuel could join them soon. 1Fuel is gaining huge buzz in the crypto space, attracting the attention of established market players. Analysts express optimism about its potential, as it looks primed for a massive upward rally. 1Fuel can make crypto millionaires, too, making the presale one of the excellent crypto investments for 2025. New 1fuel Token Tipped To Make Crypto Millionaire The 1Fuel token is a prospective top coin with utility in DeFi. 1Fuel has numerous real-world uses that will drive its value and make it a profit-yielding crypto asset for investors. Currently, 1Fuel is an undervalued presale token, selling for $0.012 per unit. However, the token is projected to rally significantly by over 100x soon, making it a perfect buy for savvy investors. The project’s DeFi utilities will facilitate simple cross-chain transactions, enable faster peer-to-peer exchanges, and offer cold storage functions. 1Fuel will also offer better support, advanced security, privacy protection, and user experience, which will set it apart from conventional DeFi solutions and increase its propensity for high adoption. The crypto solution is expected to quickly become users’ favorite, making its predicted success a likely reality. The 1Fuel presale offers a chance to get maximum benefit from 1Fuel’s anticipated success, placing it among the excellent crypto investments for 2025. Shiba Inu Gears Up For Impressive Recovery As Shibarium Adoption Grows In the past month, Shiba Inu hit a $0.000032 yearly high from a $0.000023 market value, yielding a significant gain. According to experts, this impressive rally and Shiba Inu’s over 175% year-to-date return are highly driven by collaborations, Shibarium’s increased adoption, and the token burn mechanism. These factors are responsible for Shiba Inu’s growth and looks ready to continue in 2025. Shibarium is an Ethereum-based layer-2 solution developed for the Shiba Inu ecosystem. It has over 2 million registered wallet addresses and averages 4 million transactions daily as of November. Shibarium has processed over 620 million transactions to date, and Shiba Inu is among the major beneficiaries of its growth. Experts say Shiba Inu will experience a further value increase as Shimarium usage skyrockets. The meme coin looks prepared to rally above the resistance at $0.000030 and hit $0.000050 soon. This makes Shiba Inu a prospective top-performing crypto asset in 2025. Dogecoin Gears Up For An Upside Movement After The Price Consolidation Phase According to Coinmarketcap, Dogecoin’s 7-day run reflects a 13% decline. However, the meme coin has maintained a stable price of around $0.40 during this period. Chart analysis suggests that Dogecoin would break out after this phase, with a projected 70% rise. This could see Dogecoin rally upward and test the $0.7 resistance. Analysts say Dogecoin could achieve this breakout if there are substantial buy actions around its $0.46 resistance point. Broader market factors like Bitcoin performance could also spur an upward Dogecoin surge, as every analysis suggests a potential bull run. Dogecoin currently trades at $0.39, following a slight decline from its strongest support zone. The meme coin is expected to reverse the dip soon and could surge beyond the current resistance level. Dogecoin is another potential top-performing crypto asset in 2025. It is poised to reward investors and may soon reach a new all-time high. Conclusion Shiba Inu and Dogecoin are still excellent crypto buys, but their yields may not be as high as they were in their early days. 1Fuel is currently one of the few crypto assets that can offer such explosive returns, and joining the presale is the only way to enjoy such a yield. Join the presale now by following the If you would like to find out more information about the presale: Presale: https://www.1fuel.io/ Telegram: https://t.me/Portal_1Fuel X: https://x.com/1fuel_?s=2
Recent discussions of Ethereum’s staking yield have highlighted its potential to attract institutional participation, particularly with possible regulatory changes under a future Trump administration. Analysts suggest that a legal framework
Anchorage Digital says the BitLicense allows it to offer NY-based institutions access to "safe, regulated crypto trading with competitive pricing."
The post Top Analyst Says Bitcoin To Hit $500K, Update On ETH, SOL, Link Price appeared first on Coinpedia Fintech News Bitcoin’s ongoing rally has recently hit a new high, surpassing $107,000 . This surge comes after President-elect Donald Trump announced plans to create a U.S. Bitcoin strategic reserve. With all the excitement building, top crypto analyst Michael van de Poppe now predicts Bitcoin could skyrocket from $300,000 to $500,000 in this cycle. And made more bold predictions for ETH, Sol, and Links coins. Bitcoin Bold Predictions for 2024 In a recent tweet, Michael van de Poppe shared some bold predictions for Bitcoin and other cryptocurrencies. He believes Bitcoin could soar to between $300,000 and $500,000 during this cycle. In this cycle, I won't be surprised if we see the following numbers: – $BTC $300-500K – $ETH $15-25K – $SOL $1.5-2.5K – $LINK $250-300 I think we'll have a comparable cycle to 2017 with a lot of upside. — Michaël van de Poppe (@CryptoMichNL) December 16, 2024 His optimistic outlook is based on the idea that the upcoming crypto cycle could mirror the explosive rally of 2017 but with even greater growth potential. This forecast comes at a time when institutional interest in crypto is growing rapidly, alongside a shift toward digital assets. With spot Bitcoin ETFs now holding over $100 billion in assets, Bitcoin represents approximately 1% of the total assets under management across the entire ETF market. ETH, SOL, Link: The Next Big Movers Apart from Bitcoin Ethereum (ETH), which has been at the heart of the blockchain revolution, is also expected to see significant growth. Van de Poppe predicts that Ethereum could rise to anywhere between $15,000 and $25,000. With Ethereum’s upgrades, including its transition to Ethereum 2.0, and the dominance of decentralized finance (DeFi) applications, the outlook for ETH is very bullish. Van de Poppe is also optimistic about other cryptocurrencies like Solana (SOL) and Chainlink (LINK). He forecasts that Solana could hit between $1,500 and $2,500, while Chainlink could surge to $250 to $300. These projects are seeing increasing adoption in the growing DeFi space, driving their potential price growth.
Mt. Gox moved significant amounts of BTC, impacting cryptocurrency market dynamics. Continue Reading: Mt. Gox Executes Significant BTC Transfers Affecting Market Dynamics The post Mt. Gox Executes Significant BTC Transfers Affecting Market Dynamics appeared first on COINTURK NEWS .