Global

Renowned trader Peter Brandt has raised concerns over XRP's future, particularly against Bitcoin, citing a complex multi-year head-and-shoulders pattern forming on the XRP/BTC chart. Brandt's analysis suggests that if XRP fails to hold its current support levels, it could potentially plummet by 97.5% from its current position.

Bitfarms, a prominent Bitcoin mining company, has announced a notable 34% month-on-month (MoM) increase in earnings for July, attributing the growth to significant upgrades and expansion of its mining operations.

According to insights from crypto analytics platform Santiment, XRP is currently enjoying its highest level of bullish sentiment in the past 14 months. This surge in optimism comes as traders closely monitor the token, particularly following the observation that its Bollinger Bands have tightened to their narrowest point ever.

Particle Network, a blockchain platform focused on addressing blockchain fragmentation, has secured a significant investment as part of a broader $25 million funding round.

India may need to rethink its approach to taxing cryptocurrencies, according to a recent survey conducted by the Esya Centre, a New Delhi-based technology policy think tank.

Futu Securities International, Hong Kong’s largest online broker, has made a significant leap in the cryptocurrency space by introducing Bitcoin and Ethereum trading to its platform. This move, effective August 1, 2024, represents a pivotal development for Hong Kong as it continues to establish itself as a key player in the global crypto market.