🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

XRP Gears up for Biggest Breakout in Price History, Crucial Bitcoin Security Warning Issued by Samson Mow, Coinbase Announces Two New Listings: Crypto News Digest by U.Today

Published 12/08/2024, 17:20
Updated 12/08/2024, 21:45
© Reuters XRP Gears up for Biggest Breakout in Price History, Crucial Bitcoin Security Warning Issued by Samson Mow, Coinbase Announces Two New Listings: Crypto News Digest by U.Today
XRP/USD
-
COIN
-

U.Today - U.Today has prepared a summary of the top three news stories over the weekend.

XRP gears up for biggest breakout in price history

In the light of recent favorable legal developments, all eyes are again on XRP, the Ripple-affiliated token. Over the last seven days, the price of XRP has seen 17.26% growth, while its daily trading volume is standing at over a billion dollars. What makes investors even more excited about the token is a bullish triangle pattern that is starting to form on its monthly chart. This technical pattern, which is characterized by trendlines converging within an ongoing uptrend, often indicates significant price changes. The pattern shows buyers are becoming more numerous, and there is a considerable likelihood that XRP will break above the upper trend line, possibly resulting in a major rise in price. However, investors should still exercise caution as the crypto market is still volatile.

Crucial Bitcoin (BTC) security warning issued by Samson Mow

In a recent X post, Jan3 CEO and vocal Bitcoin supporter Samson Mow addressed his followers regarding the issue of secure BTC storage. He urged everyone who invested in the largest crypto not to keep key Bitcoin material at home, adding that it should be difficult even for BTC holders themselves to move their funds that are stored in a cold wallet. "Read that again. If you can access your cold storage easily it’s not cold enough," wrote Mow concluding his post. The CEO illustrated his message with a video, in which three thieves are pushing a large safe from a house. It is a safe they were unable to open, so they decided to take it with them.

Coinbase (NASDAQ:COIN) announces two new listings

According to a recent report by Wu Blockchain X account, Coinbase exchange has added two cryptocurrencies, ZetaChain (ZETACHAIN) and Across Protocol (ACX), to its listing roadmap. This move was made as part of the exchange's ongoing effort to diversify its digital asset offering. These listings demonstrate Coinbase's commitment to provide its users with access to a wide range of cutting-edge blockchain initiatives. As a reminder, ZetaChain is a Layer 1 (L1) blockchain and smart contract platform designed with a focus on interoperability. Across Protocol is an Optimistic-based cross-chain bridging protocol. Optimistic rollups are a scaling solution for Ethereum that enables faster and cheaper transactions while maintaining the security of the Ethereum network.

This content was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.