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XRP returns to 3rd-largest crypto after 4-year battle with SEC

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XRP has reclaimed its position as the third-largest cryptocurrency by market capitalization, driven by a surge in investor confidence despite ongoing legal disputes with the U.S. Securities and Exchange Commission (SEC). The token’s market value soared following positive developments in its legal battle, with Ripple securing key victories that bolster its argument that XRP is not a security. As of Nov. 21, XRP trails only Bitcoin and Ethereum in the rankings.

The milestone reflects growing optimism among investors that Ripple may emerge victorious or reach a favorable settlement in its clash with the SEC. The case, which has significant implications for the broader cryptocurrency industry, centers on whether XRP qualifies as a security under U.S. law. Ripple executives have consistently denied these allegations, arguing that XRP functions as a digital currency similar to Bitcoin and Ethereum.

XRP’s resurgence also highlights increasing adoption of Ripple’s blockchain technology for cross-border payments and remittances. Financial institutions and payment providers continue to leverage RippleNet and its On-Demand Liquidity (ODL) services, which utilize XRP to facilitate faster and cheaper international transactions. This utility has contributed to the token’s renewed momentum, drawing both institutional and retail interest.

The ongoing legal battle remains a focal point for the crypto industry, as its outcome could shape future regulatory approaches to digital assets in the United States. While uncertainty lingers, XRP’s rise underscores its resilience and the market’s appetite for assets with strong use cases. Ripple’s success in navigating this turbulent period may further solidify its role as a leader in blockchain-based financial solutions.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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