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Ripple’s XRP token hit a new all-time high after more than seven years. The asset climbed to $3.65 on July 18, amid a market-wide rally. Bitcoin (BTC) had hit a new peak just a few days earlier, and BNB was also on its way to new highs. While XRP did hit a new all-time high, the asset’s price has never gone beyond the $5 mark. Fans and investors have long sought for XRP to hit the $5 target. And the asset may be right on its way to hit its desired target. What May Push XRP’s Price To $5? Source: coinpedia.org Ripple’s XRP Ledger has seen an incredible rise in adoption over the last few years. Japanese banks, in particular, have begun using Ripple’s services for cross-border transactions. Ripple has also launched its RLUSD stablecoin earlier this year. The stablecoin launch will likely lead to more people using the XRP Ledger. Also Read: Japan’s SBI Files XRP/Bitcoin ETF as 80% of Banks Adopt Ripple Tech Ripple’s move is important because the US House ...

Attendees of the Network State Conference in Amsterdam believe that a new tomorrow is possible with decentralized technologies. The Dutch city of Amsterdam — no stranger to international conferences dedicated to cryptocurrencies, block chain and decentralization — was recently host to the Network State Conference, which explored decentralization at an entirely different level.  Conference speakers and attendees gathered to discuss and debate whether a new form of decentralized country is possible. The conference kicked off with an energetic host directing the crowd to chant and shout the title before Balaji Srinivasan, an entrepreneur, investor and former chief technology officer of Coinbase, entered to make his opening speech. During his initial remarks, Srinivasan asks, “Are new countries even possible?” Srinivasan delivered an opening address to the Network State Conference. Source: Cointelegraph In his book The Network State, Srinivasan proposes that new countries are possible vi...

Gabby Dizon, the founder and CEO of Yield Guild Games says a renewed focus on free-to-play gaming will help put a booster on Web3 game adoption. Next year’s most successful Web3 games will pivot from play-to-earn (P2E) to instead focus on being completely free-to-play to dr in players, says Yield Guild Games CEO and co-founder Gabby Dizon.  Speaking to Cointelegraph, Dizon said unlike games such as Axie Infinity — which require players to purchase at least three Axie nonfungible tokens (NFTs) to play — the new wave of hyper-successful Web3 games will seek to remove as many of the financial and technical barriers to entry as possible. “There's this big realization that for millions of people to be able to get into a game, they have to be free-to-play first.” “There's an evolution of the business model where the games are free to play, and then at some point along the way while you're playing, then you're able to mint an NFT or start earning tokens, but a lot of new ga...

The museum’s acquisition of two NFTs marked its first on-chain and AI holdings. Generative art is proving Web3’s creative anchor in the traditional art world. Last month, New York’s Museum of Modern Art (MoMA) made headlines by acquiring Refik Anadol’s “Unsupervised — Machine Hallucinations” (2022) alongside an edition from last year’s “3FACE” project by Ian Cheng. These two mark the first-ever artificial intelligence (AI) and nonfungible token (NFT) additions to MoMA’s collection , already home to relics such as Andy Warhol’s soup cans and Vincent Van Gogh’s “Starry Night.” The landmark acquisitions also supplement MoMA’s longtime legacy of pioneering exhibitions at the intersection of technology and art, from its 1968 show “The Machine as Seen at the End of the Mechanical Age” through this year’s “Signals: How Video Transformed the World.” MoMA’s announcement arrived in tandem with an outline of the institution’s digital art programming for the fall and winter seasons ahead, inclu...

Pocket-sized Bitcoin miners are a stand against the “secrecy and exclusivity” of the Bitcoin mining industry, according to their inventors. While lacking in performance, micro Bitcoin mining devices should be seen as a stand against the Bitcoin ecosystem’s purportedly biggest flaw, its inventors argue. Micro Bitcoin mining devices — often open-source and pocket-sized — have been serving a niche part of the market, offering buyers a fully assembled device or a do-it-yourself-kit to mine Bitcoin (BTC) solo. Speaking to Cointelegraph, developers behind these kits admit that buyers won’t likely see much profit but argue that it’s important to fight the “secrecy and exclusivity” of the Bitcoin mining industry. One company, BitMaker, recently claimed that one could be made for as little as $3, offering an output of 50 kilohashes per second. BitMaker’s $3 50Kh/s portable miners. Source: BitMaker A spokesperson from BitMaker — a company working on micro miner s since as early as June 2022 —...

A survey featuring respondents from all seven continents of the world suggests that Nigeria has the most crypto-aware populace globally. A global survey featuring respondents from 15 countries indicates that Africa’s largest economy Nigeria has the most cryptocurrency-aware populace in the world. Consensys and YouGov released the findings from the global Web3 perception survey, which sought to provide both macro and regional insights into the perception that different countries have towards crypto currencies and the wider Web3 ecosystem. A key takeaway from the data obtained from the qualitative survey was that two African nations rank highest for awareness of cryptocurrencies. This suggests that Nigerians (99%) and South Africans (98%) are more knowledgeable about Web3 than major economies like Great Britain, United States, Japan and Germany. Source: Consensys/YouGov Global Web3 Participation Survey. The survey included some 15,158 individuals living in 15 different countries betwee...

The Republican candidate also pledged to rescind all federal regulations that fail the Supreme Court’s major questions doctrine test in the West Virginia vs. EPA case — a potentially positive for crypto. United States presidential candidate Vivek Ramaswamy has lauded Grayscale’s recent victory over the federal securities regulator, arguing the decision will help keep Bitcoin and blockchain innovation from going overseas. In an Aug. 30 post on X (formerly Twitter) the pro-Bitcoin Republican candidate took shot at a “shadow” U.S. government, pointing the blame towards the “unlawful rogue behaviors of “3-letter government agencies” — presumably the Securities and Exchange Commission. Ramaswamy said this has led to the U.S. courts to serve as a last line of defense to help keep cryptocurrency innovators in the country, adding that it shouldn’t have reached the courts in the first place. “This decision is strong and clears a path to keep Bitcoin & blockchain innovation in the U.S. ...

Most crypto industry heavyweights have been bullish about the new decentralized social media app friend.tech, but some critics warn it's getting too hot too quickly. Friend.tech, a new decentralized social media (DeSo) app has rapidly become one of the hottest new things in crypto, with over 64,000 new users and more than 24,000 ETH in trading volume since its beta version launch of Aug. 11.  While many crypto industry heavyweights have praised the app for bringing thousands of people on-chain and inspiring sign-ups from even non-crypto figures — such as gaming YouTuber Faze Banks and Russian protest group Pussy Riot — some have warned it's at risk of burning out. Built on Coinbase’s layer-2 network Base, friend.tech is a platform that allows users to purchase shares of their friends and influencers, which in turn grants them access to a private chat with that user. Speaking to Cointelegraph, crypto commentator Yazan pointed out a number of troubling factors that led him to b...

Visa has been exploring ways to allow users to pay blockchain gas fees directly with a credit or debit card. Gas fees are required for transactions on blockchain networks like Ethereum (ETH). Traditionally, users needed to hold balances of native cryptocurrencies like ETH to cover these fees. In an internal experiment, Visa leveraged smart contract technology to let users pay gas fees in fiat currency through a linked Visa card. This aims to remove the need for users to hold crypto solely to pay blockchain expenses. “By doing so, Visa helps take care of the complex processes behind the scenes, enabling users to effortlessly select their Visa card to cover gas fees.” Visa’s statement The proposed solution utilizes Ethereum’s ERC-4337 standard and involves a “paymaster” smart contract handling the background work. To test the concept, Visa engineers built an implementation on Ethereum’s Goerli test network. They reported successfully sending blockchain transactions wit...

A video shared by Worldcoin co-founder Sam Altman shows a long queue of people in Japan reportedly waiting to collect $50 worth of Worldcoin (WLD) tokens or 25 WLD. Amid discussions around the falling interest in Worldcoin —the blockchain project dedicated to building a user identity network — its co-founder Sam Altman shared a video that shows people in Japan lined up to give away their iris scans in exchange for “free” Worldcoin (WLD) tokens. A video shared by Altman shows a long queue of people in Japan reportedly waiting to collect $50 worth of Worldcoin (WLD) tokens or 25 WLD. In exchange, the users are required to provide their identification through an iris scan. day 3 of @worldcoin launch, crazy lines around the world. one person getting verified every 8 seconds now. pic.twitter.com/vHRu1sWMT3 — Sam Altman (@sama) July 26, 2023 “One person getting verified every 8 seconds now,” wrote Altman as he shared the video of people lining up for the Orb. However, Worldcoin has not y...

The CEO believes investors will be inclined to seek exposure to Bitcoin in a more familiar, structured and protected regulatory environment. Australian-based crypto investment firm Monochrome Asset Management has updated its application to offer a spot Bitcoin (BTC) exchange -traded fund (ETF) on the Australian Securities Exchange (ASX) through its partner Vasco Trustees. The ETF — Monochrome Bitcoin ETF (IBTC) will be able to offer retail Australian investors direct exposure to Bitcoin (BTC) and Ethereum (ETH), according to the firm’s July 14 announcement. Australia joins the #Bitcoin race.#spot #bitcoinetf @MonochromeAsset https://t.co/hqXb9RY5HL pic.twitter.com/KEEXHQ9Eo6 — Jeff (@jeffyew_) July 13, 2023 Speaking to Cointelegraph, Monochrome CEO Jeff Yew explained that by obtaining a license, Australian retail investors will be exposed to Bitcoin within a formidable regulatory landscape: “Through a Bitcoin ETF it makes it possible for them to buy and use the asset class in ...

The Bitcoin community helped Uganda’s Brindon Mwiine travel to BTC Prague after winning tickets for his adoption efforts in East Africa. A Ugandan Bitcoiner embarked on a community-funded trip from East Africa to Central Europe after winning tickets to BTC Prague for his adoption-driving efforts in his home country. Brindon Mwiine, the founder of Ugandan-based Bitcoin (BTC) platform Gorilla Sats, set off on a whirlwind journey from Uganda’s capital Kampala to the heart of Europe on the back of a Twitter competition he never thought he would win. I still don’t believe it Thank you to everyone who voted and contributed to my Fundraising. I made it to @BtcPrague Special Thanks to @BitcoinEkasi and @BitcoinBeachBR #Bitcoin https://t.co/k951Pgajhc pic.twitter.com/k0aBQFwDNo — Brindon (@BrindonMwiine) June 8, 2023 The official @Bitcoin Twitter profile called for individuals to share their stories of building circular economies in their respective countries with tickets to BTC Prague...

The EU’s EBSI Vector project and blockchain service provider, Protokol, are creating a blockchain-based cross-border credential verification program for EU citizens. The European Commission has moved to impleme educational and professional credentials will be verified across borders. In an announcement on June 7, the Web3 and blockchain solutions provider, Protokol, revealed a collaboration with EBSI Vector, a European Union-funded project creating a decentralized framework for cross-border verification . The project will use blockchain technology to develop the forthcoming credential verification solution, which aims to simplify the process for EU citizens to have their credential s recognized and accepted in different countries. Lars Rensing the CEO of Protokol said the goal is to create a more open, secure and decentralized digital infrastructure for the EU and beyond. “We believe that blockchain and Web3 technology have enormous potential to transform a wide range of industr...

Nigeria’s crypto community celebrates the approval of the National Blockchain Policy, set to impact governance, digital identity management and e-payments. The approval of the National Blockchain Policy for Nigeria has left the nation’s crypto community over the moon as it signals room for more development in the nation’s crypto industry. Some local experts have expressed their opinions about the implications of this new policy and the blockchain ecosystem in Nigeria. The government of Nigeria approved a National Blockchain Policy during a meeting on May 3, 2023. A policy draft stated that blockchain and decentralized ledger technology would “facilitate the development of the Nigerian digital economy.” Cointelegraph contacted the local blockchain ecosystem to understand how the industry and the community accept the policy.  Olajide Abiola, the co-founder and CEO of KiaKia — a Nigerian fintech company — expressed delight at the development. Olajide said the blockchain technology policy...

PnL refers to the financial gain or loss from buying and selling cryptocurrencies. To calculate it, use various method like the FIFO, LIFO, YTD, and more! Anyone who has dealt with Trading in traditional Finance is likely to be aware of profit and loss (PnL). But is PnL in the cryptocurrency world the same? The ability to comprehend terms like mark-to-market (MTM), realized PnL and unrealized PnL will help develop a better understanding of the cryptocurrency a person holds. Without a well-defined process to get insight into profit or loss, cryptocurrency trading may be overwhelming, and traders may struggle with what they are doing. PnL reflects the change in the value of a trader’s positions over a specific period. Understanding the basics of PnL PnL in crypto refers to the calculation of the profit or loss made on a cryptocurrency investment or trading position. It is a metric used to evaluate the financial performance of a trader or investor in the crypto market. To begin, here ar...

The users can access the token-enabled playlists from Overlord, Fluf, Mooonbirds and Kingship with their NFT wallets. Music streaming platform Spotify expands its Web3 efforts by testing token-enabled playlists in several key markets.  Overlord, a Web3 gaming ecosystem, reported on Feb. 22 the start of its partnership with Spotify. The token-enabled community-curated playlist from Overlord may now be accessed via Web3 wallets of those who hold the Creepz nonfungible tokens (NFTs) on Spotify. For now, only Android users from the United States, United Kingdom, Germany, Australia and New Zealand can unlock the playlists.  Other participants in the three-month pilot are Fluf, Moonbirds and Kingship metaverse communities. While Fluf and Moonbirds didn’t share any details on their partnership with the streaming service publicly, Kingship confirmed its participation in a pilot on Twitter. To unlock the tracklist, including the hits by Queen, Missy Eliott, Snoop Dogg and Led Zeppelin, the...

Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates in an economy. What is monetary policy? Monetary policy refers to the actions taken by a central bank or monetary authority to manage the supply of money and interest rates in an economy, with the aim of promoting economic growth and stability. To affect the price and accessibility of credit, this may entail altering the money supply, setting interest rates or utilizing other instruments.  The ultimate goal of monetary policy is to achieve and maintain a healthy economy. This usually involves balancing multiple objectives, such as: To ensure economic stability, lessen the effects of economic shocks and promote sustainable economic growth, central banks carefully control the money supply and interest rates. However, depending on the unique circumstances and requirements of each economy, monetary policy’s exact goals and tactics may change. Types of monetary policy There are two m...