Cryptocurrencies flash mixed signals as market participants digest the details of CZ’s guilty plea and the DOJ’s $4.3 billion settlement with Binance.
Celsius entity to focus only on mining under proposed reorganization plan
The lending firm has been in bankruptcy court since its Chapter 11 filing in 2022, while the SEC filed a lawsuit against both the firm and former CEO Alex Mashinsky in July.
Bittrex Global announces all trading will be disabled as it winds down operations
The announcement came roughly nine months after U.S.-based crypto exchange Bittrex said it would shutter operations in response to the country’s regulatory environment.
Political donations aplenty: Event recap for North American Blockchain Summit
Republican presidential candidate Vivek Ramaswamy, Independent presidential candidate Robert F. Kennedy, Jr. and many U.S. lawmakers were in attendance at NABS 2023.
Crypto wallet with zero connectivity: NGRAVE joins Cointelegraph Accelerator
NGRAVE, a digital asset security provider, offers user-friendly, self-custody solutions that combine offline key creation with advanced recovery options for crypto users.
Solana (SOL), Avalanche (AVAX) and dYdX produce double-digit gains as Bitcoin reclaims $37K
SOL, AVAX and DYDX rank among the top-performing altcoins this month. Cointelegraph investigates what is behind the move.
How blockchain, AI can help research into extending human life
Jasmine Smith, chief executive of Web3-based wellness app Rejuve.AI, told Cointelegraph that decentralized and AI-powered platforms for health research do not aim to replace doctors and clinicians but rather help them in their work.
Metaverse projects failed on lack of correct business model: MetaMinds CEO
As the metaverse loses its appeal to some global tech leaders, MetaMinds Group CEO Sandra Helou argues that failures in metaverse initiatives resulted from a lack of proper business models.
Recovery firm proposes cracking former Ripple CTO’s $244M Bitcoin hard drive
Stefan Thomas, the former chief technology officer at Ripple, has an IronKey hard drive containing 7,002 BTC with only two attempts at guessing a password remaining.
UK’s FinProm a welcome change, but challenge persists: Transak compliance head
Transak’s compliance chief James Young told Cointelegraph that while the U.K.’s new crypto marketing rules are good for the industry, they still pose challenges to some firms operating in the decentralized space.
BlackRock’s spot Bitcoin ETF now listed on Nasdaq trade clearing firm — Bloomberg analyst
Exchange-traded fund analyst Eric Balchunas said the addition was “all part of the process” of a crypto ETF being listed and traded and a positive sign for SEC approval.
Tim Draper warns of crypto scams using his AI-synthesized voice
Advancements in AI have made it possible to create deepfake videos and voices in which scammers write the scripts to try and illegally obtain others’ crypto.
UAE emirate launches new free zone for digital assets, Web3 and AI
Ras Al Khaimah, known for its rich cultural sites, is turning to the digital assets sector to diversify its economy away from traditional avenues such as tourism.
Bitcoin price holds $28K range as institutional investor maneuvering boosts sentiment
Comments from institutional investors and amendments to the spot Bitcoin ETF applications could be behind the recent improvement in investor sentiment.
US authorities monitor China-linked Bitcoin miners amid national security concerns: Report
A crypto mining operation near a Microsoft facility that supported the Pentagon was reportedly under scrutiny by U.S. officials.
What To Expect This Month For XRP Price According To Historical Data
The XRP price has had a rollercoaster growth trajectory which was mostly hindered by the US Securities and Exchange Commission (SEC) filing a lawsuit against Ripple. But a lot of the altcoin’s performances over the months have been rather predictable, and with its history, we can get an idea of what to expect for the XRP price this month.
October Not Looking Good For XRP Price
In a heat map of historical XRP price data generated by NewsBTC, we can see how the month of October has usually gone in the past. The heat map shows XRP’s performance over the last eight years and the figures for October are some of the worst historically.
As shown in the image below, the month of October has historically seen more losses than gains when it comes to the XRP price. In fact, out of the last eight years, only two years have seen October record a positive return for the XRP price.
In the first four years of the altcoin’s life, we can see that the month of October was characterized by losses. Then in the fifth year in 2019, XRP saw its first profitable October with a 14.84% increase. Then from there, there is an alternating trend recorded with one year being profitable and the next being filled with losses.
The year 2022 was no different, seeing 3.24% losses after the previous year saw October end with 16.71% gains. So if this holds, it could be that October 2023 would end on a good note. However, as the charts show, this month is already seeing XRP prices fall, so for it to finish strong, there would have to be a massive price reversal. Otherwise, October 2023 could stick to historical performance and end in the red.
October Is Not A Good Month
As shown in this report from Bitcoinist, taking an average of the XRP price performance in October over the years shows that it is not a good month for the altcoin. The chart shared in the report reveals that historically, October is the third-worst month for the cryptocurrency.
The only months that have seen worse performance than October are the months of February with slightly higher loss numbers. Meanwhile, June takes the crown for the month with the worst returns as the last 7 seven years have seen the month end with losses.
On the other hand, December presents as the best month for the XRP price. This is followed by April being the second, with May and March snagging fourth and fifth place, respectively. January, November, and September are also profitable months but to a much lesser degree.
Ripple’s chief financial officer steps down amid SEC lawsuit
The SEC filed a lawsuit against Ripple in December 2020 for using XRP to raise funds, which the commission claimed was a violation of securities laws.
Ledger lays off 12% of staff, citing ‘macroeconomic headwinds’
The wallet manufacturer reportedly had around 734 employees at the time of publication, suggesting roughly 88 people may have lost their jobs.
Valkyrie backtracks on Ether futures contract purchases until ETF launch
Bloomberg analyst Eric Balchunas speculated that the SEC may have pressured Valkyrie to halt ETH futures contract purchases until the ETF was officially approved.
Valkyrie backtracks on Ether futures contract purchases until ETF launch
Bloomberg analyst Eric Balchunas speculated that the SEC may have pressured Valkyrie to halt ETH futures contract purchases until the ETF was officially approved.