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sophiom5i

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One of the advancements in this field is undoubtedly the emergence of zero-knowledge (ZK) proofs, a technology that allows a human to prove themselves without revealing any personal information. Startups developing this technology include Worldcoin, ONCHAINID and RisedID, to name a few.
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Several protocols have been working on ways to provide ID verification onchain over the past few years.
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Financial institutions are now looking at risk frameworks for tokenized assets. In other words, they want to ensure compliance with legal requirements, security risks and market volatility issues are addressed. According to Gurbunov:
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The maximum profit target from the pole’s length indicates that XRP could hit a new all-time high of $6.40. This would represent a 154% uptick from current prices.
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Key resistance levels to watch on the upside are $2.80, the six-year high of $2.90 and the $3.00 psychological level. A high volume move above these resistance levels could accelerate the rally to all-time highs at $3.48 and into price discovery.
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XRP confirmed a bull flag pattern on Dec. 16 when it closed above the upper boundary of the flag at $2.41. XRP is currently testing the resistance level at $2.60 after establishing support from the flag’s previous resistance line.
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Bullish sentiments surrounding the launch could help XRP's price overcome the $2.90 resistance level and move higher into territories above $3.0.
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Pegged 1:1 to the US dollar, RLUSD is set to launch on the XRPL and Ethereum blockchains and will be backed by cash reserves and US treasury bills. RLUSD will require XRP for transaction fees.
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The news comes after RLUSD received approval to launch from the New York Department of Financial Services (NYDFS) on Dec. 10.
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“The release of RLUSD marks a new chapter – both for the XRP Ledger, as well as Ripple for use in our $70B+ payments flows,” said Ripple’s president, Monica Long, in a Dec. 16 post on X, adding:
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RLUSD is an “enterprise-grade, USD-denominated stablecoin created with trust, utility, and compliance at its core,” Ripple noted.
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In a press release on Dec. 17, the San Francisco-based company revealed that its RLUSD stablecoin will officially launch across exchanges, including MoonPay, Uphold, CoinMENA, Bitso and ArchaxEx.
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XRP’s rally follows a Dec. 16 announcement by Ripple that its Ripple USD (RLUSD) stablecoin will begin trading globally on Dec. 17.
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The lawsuit takes exception to the fact that Coinbase delisted WBTC while at the same time adding speculative memecoins to its platform.
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Coinbase delisted WBTC on Nov. 19, claiming that the product failed to meet its listing standards.
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According to the lawsuit, which was filed on Dec. 13, BiT Global alleges that Coinbase’s decision to delist WBTC was a back-handed attempt to promote its own competing product, known as cbBTC. Coinbase is accused of attempting to monopolize the wrapped Bitcoin market and using predatory practices to undermine WBTC.
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BiT Global Digital Limited has sued cryptocurrency exchange Coinbase for undermining the market for Wrapped Bitcoin (WBTC)
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“In 5 years, they’ll understand. Everyone buys Bitcoin at the price they deserve,” he responded in part of a post on X.
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As Cointelegraph reported, crypto commentators derided the decision as short-sighted. They included Michael Saylor, CEO of business intelligence firm MicroStrategy, who pitched the concept to the Microsoft board at the start of December.
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Bitcoin had faced fresh selling pressure the day prior, compounded by news that Microsoft had declined to adopt a form of corporate BTC treasury.
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