DeFI News by Thebittimes.Com

The XRP price dropped 3% in the last 24 hours to trade at $2.48 as of 03:24 a.m. EST on trading volume that surged 51% to $3 billion. This pullback in the Ripple token price comes as the Federal Reserve officially recognized the efficiency, security, and scalability of Byzantine Fault Tolerant (BFT) consensus mechanisms in a research paper discussing secure payment systems. This acknowledgment reinforces the relevance of digital assets such as XRP, Stellar Lumens (XLM), and Hedera Hashgraph (HBAR), which utilize variations of BFT-based consensus mechanisms. ‼️ FEDERAL RESERVE OFFICIALLY EMBRACES BFT, CEMENTING XRP, XLM, AND HBAR’S ROLE IN SECURE PAYMENTS‼️ The Federal Reserve has officially acknowledged the efficiency and scalability of Byzantine Fault Tolerant (BFT) consensus models in a research paper discussing a secure payment… pic.twitter.com/2pJ0j2Nx8U — SMQKE (@SMQKEDQG) February 21, 2025 Ripple Token Price Analysis: Bullish Wa...

The XRP price plunged 3% in the last 24 hours to trade at $2.57 as of 11:28 p.m. EST on trading volume that rose 48% to $5.2 billion. The Ripple token’s performance continues to be volatile, driven by shifting sentiment around the Securities and Exchange Commission (SEC) case against the sale of XRP. Much of XRP’s recent strength comes from speculation that the SEC may abandon its appeal, allowing Ripple to operate without looming legal threats. Arthur Azizov, CEO at the crypto business B2BinPay, bullishly believes that XRP could reach a price range of $5 to $7 in the first half of 2025. Despite being the 3rd largest cryptocurrency by market cap (excluding Tether as a stable coin), no mention of XRP below. I’m surprised considering XRP is one of the few cryptocurrencies to finish December trading in the green. I don’t do price predictions but Barron’s recently… https://t.co/scamKncLKT — John E Deaton (@JohnEDeaton1) January 1, 2025 XRP...

The XRP price has pumped 6% in the last 24 hours to trade at $3:31 as of 7a.m. EST on a 75% jump in trading volume to $16 billion. A surge in the price of the Ripple token comes ahead of Donald Trump’s inauguration, and as Whale Alert, a prominent blockchain tracking service, detects a large deposit on the Binance exchange. 🚨 🚨 🚨 🚨 🚨 40,000,000 #XRP (124,788,255 USD) transferred from unknown wallet to #Binancehttps://t.co/RP256hHvki — Whale Alert (@whale_alert) January 20, 2025 The transaction involved 40,000,000 XRP, valued at around $124.8 million, and was initiated by an unidentified blockchain address. The deposit occurred less than four hours ago. XRP Price Breakout Could Phase A Short Term Correction The chart shows a strong bullish trend for XRP/USDT on the daily timeframe, currently trading at $3.31, up 12.04% on the day. The price action exhibits a parabolic breakout following a consolidation phase within a d...