Surging prices, anticipation, and steady coin interest round out today’s headlines.
Record withdrawals are being made at leading cryptocurrency exchanges, as per trackers. Coincidentally, Bitcoin outflows from ramps coincide with one of the biggest squeezes in BTC’s short history.
According to data, Grayscale Investment, one of the largest crypto funds in the United States, acting on behalf of their clients, continues to load up coins. The fund’s AUM is now at over $30 billion.
Rising with the tide is Tezos, a self-amending smart contracting platform, which will activate Edo, introducing privacy and a ticketing system. As part of this significant upgrade, Sapling—a core feature from Zcash, will be integrated into Tezos.
Besides privacy, Sapling creators kept in mind cross-chain support and lite nodes. Edo will go live on Feb 13 after the community approved of the addition. Once live, Sapling introduces Shielded Coinbase, a component that makes blockchain transactions private.
Ripple, the majority owner of XRP coins, may be facing legal challenges with the SEC, but this is not preventing the trading of the internet of value coin. Records show that XRP trading volumes understandably shot up 300 percent in December 2020.
Following news of some exchanges halting trade, traders took to exchanges to unwind their XRP prices in an over-supply that saw the coin price plunge. As of Feb 5, the XRP/USD price was one of the top performers in the top 10 over the last week.
An analyst explains that XRP will continue to edge higher in days ahead since it powers the internet of value network:
The latest news is that the RippleNet, a suite of tools comprising On-Demand Liquidity, xCurrent, and xVia, is SOC 2 certified.
Crypto Current will be guiding all of you who are new to the cryptocurrency world to becoming a cryptocurrency and blockchain expert. Crypto Current was founded to give access to information to everyone on current events occurring in cryptocurrency and blockchain in a digestible way. Since its creation, we have created content that impacted thousands of people through its podcast, blog, and social media.