November 8, 2024

Ripple Moves 294K RLUSD Stablecoins, What’s Happening?

Ripple’s RLUSD stablecoin, pegged to the U.S. dollar, has been involved in a series of substantial on-chain transfers ahead of its anticipated launch. Blockchain data showed that Ripple’s Treasury moved a total of 294,000 RLUSD tokens across multiple transactions. The largest transfer involved 78,500 RLUSD from Ripple’s Treasury to an unidentified wallet, with subsequent transfers to other unknown wallets. RLUSD Stablecoin Sees Substantial Transfers Ahead of Launch According to Ripple

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November 8, 2024

Will XRP Price Rally To $1 After Hitting Monthly High?

XRP price has recently witnessed a notable uptick, hitting its highest level since early October. The cryptocurrency, currently trading above the key support level of $0.52, is testing resistance near $0.56. This increase has raised questions about whether XRP could rally further, potentially reaching the $1 mark. XRP Price Eyes $1 as Momentum Builds, Can Bulls Break Resistance? XRP price hit a monthly high of $0.578, its peak since early

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November 8, 2024

Lawyer Predicts Two Paths To XRP Case Settlement After Donald Trump Win

SEC v Ripple: The recent win of Donald Trump in the 2024 US presidential election has brought back hope to the cryptocurrency enthusiasts especially on the matter of the ongoing SEC v Ripple lawsuit. Legal experts and Ripple supporters are speculating that the Donald Trump administration could bring positive changes to the crypto space which could help the company to reach a settlement faster in the ongoing Ripple case. Potential

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November 8, 2024

Stocks, Bonds Rally as Federal Reserve Cuts Rates: Markets Wrap

(Bloomberg) — Asian equities were set to climb Friday after a cross-asset rally in the US lifted stocks, bonds and commodities as the Federal Reserve cut interest rates. Most Read from Bloomberg Australian stocks and equity futures for Japan and Hong Kong all rose, while the Golden Dragon index of US-listed Chinese companies rallied 3.5%. The S&P 500 gained 0.7% and the Nasdaq 100 climbed 1.5%, both setting fresh peaks

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November 8, 2024

Indonesia’s Mount Lewotobi Laki-laki spews giant column of ash

Indonesia’s Mount Lewotobi Laki-laki has erupted again, spreading fresh panic among residents already traumatised by explosions that killed at least ten people on Monday. The country’s volcanology agency reported seven eruptions on Thursday, with the most powerful ejecting a giant column of ash 8,000m (5 miles) into the air. Authorities imposed a 7km (4.3 miles) exclusion zone around the volcano on the island of Flores. More than 10,000 people are

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November 7, 2024

What Trump’s historic election victory means for the global economy

A worker is making textile export orders at a production workshop of a textile enterprise in Binzhou, China, on July 8, 2024. Nurphoto | Nurphoto | Getty Images Donald Trump‘s election victory over Vice President Kamala Harris marks a historic return to the White House — an extraordinary political comeback that is likely to have seismic ramifications for the global economy. Speaking to his supporters in Florida early Wednesday, Trump

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November 7, 2024

Canada shuts down TikTok’s Canadian offices, but allows app to remain

Canada announced Wednesday it won’t block access to the popular video-sharing app TikTok but is ordering the dissolution of its Canadian business after a national security review of the Chinese company behind it. Industry Minister François-Philippe Champagne said it is meant to address risks related to ByteDance Ltd.’s establishment of TikTok Technology Canada Inc. “The government is not blocking Canadians’ access to the TikTok application or their ability to create

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November 7, 2024

Airbnb (ABNB) Q3 earnings report 2024

Brian Chesky, co-founder and chief executive officer of Airbnb Inc., during a news conference in Los Angeles, California, US, on Wednesday, May 1, 2024. Eric Thayer | Bloomberg | Getty Images Airbnb reported third-quarter earnings on Thursday that were shy of analyst estimates, though it squeaked in a small revenue beat. The stock fell about 3% in after-hours trading. Here’s how the company did: Earnings per share: $2.13 vs. $2.14 expected by LSEG Revenue: $3.73

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November 7, 2024

Dollar slips, handing back gains ahead of Fed meeting By Investing.com

Investing.com – The U.S. dollar retreated Thursday, giving up some of its hefty post election gains ahead of the latest Federal Reserve meeting, while sterling rose with the Bank of England policymakers also assembling. At 05:00 ET (10:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.2% to 104.790, after surging to its highest since early July the previous session in the

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