Author: Robertson

The native asset of the Ripple network, XRP, has climbed 3.8% over the past week, demonstrating resilience amid broader market weakness.Notably, XRP leads the top five cryptocurrencies with nearly 24% year-to-date gains, outperforming major altcoins like Ethereum (ETH) and Solana (SOL), which are down 19.3% and 11%, respectively, over the same period.Fibonacci Extension Indicates that […]
The post Is a $6.5 XRP Possible? Analysts Say This Bullish Structure Could Make It Happen appeared first on Cryptonews. …

In 2024, Russia’s state-owned Rosseti Group uncovered extensive damage to its power grid infrastructure, totaling over $14 million, caused by illegal crypto mining activities. The North Caucasus region was notably impacted, incurring around $6.5 million in losses, while Novosibirsk and the Volga region also faced considerable costs.
The post Russian Power Grid Company Records $14 Million in Damages from Illegal Crypto Mining in 2024: Report appeared first on Cryptonews. …

Nigeria is amending its digital asset regulations to tax cryptocurrency trading and digital transactions, with the SEC planning new rules to ensure all eligible transactions on regulated exchanges are taxed.
The post Nigeria to Amend Regulations for Taxation of Crypto Trading and Digital Transactions: Bloomberg appeared first on Cryptonews. …

One of Russia’s most senior politicians has floated the idea of creating dedicated power stations that could serve an exclusive clientele comprising only crypto miners.
The post Russia May Build Dedicated Power Plants for Crypto Miners, Says Top Politician appeared first on Cryptonews. …

ESMA has proposed new guidelines requiring crypto service providers to ensure staff meet qualification standards and undergo continuous training.
The post EU Watchdog ESMA Proposes Mandatory Knowledge Checks for Crypto Firms appeared first on Cryptonews. …

Ethereum has outperformed the broader crypto market over the past 24 hours, reaching a 12-day high of $2,832 before pulling back to $2,720.
The post Ethereum Shows Signs of Rebound as Exchange Supply Hits Record Low: Santiment appeared first on Cryptonews. …

Upbit is facing potential sanctions from South Korea’s FSC for over 700,000 KYC violations, which could result in billions in fines and a possible suspension of new user registrations.
The post Upbit Faces Billions in Fines for 700,000 Rule Violations Amid South Korea’s Crypto Crackdown appeared first on Cryptonews. …

Robinhood Markets Inc. is set to expand its cryptocurrency services into Singapore by 2025, leveraging its recent acquisition of Bitstamp Ltd.
The post Robinhood to Launch Crypto Services in Singapore via Bitstamp Acquisition in 2025 appeared first on Cryptonews. …

US-based art collective Kanbas Collection bought a 1-of-1 digital artwork by Sam Spratt for $3 million, suggesting that the NFT sector may have matured to be more sustainable than it was three years ago.
The post NFT Sells for $3 Million, Signaling a Potential NFT Sector Revival appeared first on Cryptonews. …

The initiative, part of the Artificial Superintelligence Alliance, addresses key issues such as AI agent identification, privacy, and on-chain verifiable randomness.
The post SingularityNET, Mind Network Launch ASI Hub for Secure AI Services appeared first on Cryptonews. …