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Ripple, a leading provider of enterprise blockchain and crypto solutions, announced Thursday that it had bagged full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the United Arab Emirates (UAE). With its new Dubai license, Ripple is poised to tap into the UAE’s flourishing $40 billion cross-border payments market. Ripple Secures Regulatory Approval To Offer Crypto Payments In UAE Ripple has just obtained a license to offer blockchain-powered payment solutions in Dubai. The approval makes Ripple the first payments provider of its kind licensed to operate within the Dubai International Financial Centre (DIFC) and marks a huge expansion in the Middle East. “We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption,” said Ripple CEO Brad Garlinghouse in a statement . https://twitter.com/Ripple/status/1900049647239934345 Garlinghouse added that the UAE is “exceptionally well-placed” to benefit from this period of growth as it has taken early steps to create a conducive environment for cryptocurrency innovation. The latest approval follows Ripple’s in-principle DFSA license approval in October 2024, which allowed the firm to launch its services in the DIFC, a UAE free-zone with its own tax policies and regulatory framework. “This latest regulatory approval positions Ripple to further accelerate growth and innovation in a high-potential market,” Ripple wrote. The company noted on March 13 that the United Arab Emirates boasts a $40 billion cross-border payments market, which has witnessed demand for more seamless payment solutions. Ripple believes the need for real-time settlements will also fuel stablecoin adoption in the region. Ripple’s U.S.-dollar-backed RLUSD stablecoin launched in December and currently has a market capitalization of around $135 million. Ripple vs. SEC Ripple’s official entry into the UAE market comes amid reports that the U.S. Securities and Exchange Commission (SEC) is preparing to end its enforcement action against the company after more than four years. This comes as the agency, under U.S. President Donald Trump and the helm of Mark Uyeda , has shifted to a positive stance on crypto. Despite the prolonged case, Ripple remained undeterred, boasting an extensive license portfolio. With the DFSA license, Ripple’s global regulatory approval count now exceeds 60, including a Major Payments Institution license from the Monetary Authority of Singapore (MAS) and the New York Department of Financial Services (NYDFS) Trust Charter, among others. Ripple’s Dubai license and the potential resolution of the Ripple-SEC lawsuit are set to position XRP for more mainstream adoption, as the XRPArmy envisions the highly coveted $3 price point. The crypto asset was trading at $2.32 at press time, reflecting a 7% jump over the past 24 hours.
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Ethereum’s ETH/BTC Downtrend Raises Questions About Future Demand and Market Position
The recent decline of the ETH/BTC pair signals a challenging landscape for Ethereum, as it struggles to maintain its value against Bitcoin’s impressive dominance. This downtrend highlights a significant shift ZyCrypto
PEPE Price Outperforming DOGE and SHIB – Will PEPE Be the First to Rebound from Memecoins?
In a market downturn that has hit meme coins particularly hard , PEPE has managed to outperform familiar names like DOGE and SHIB in the latest modest rally. This surprising performance raises an intriguing question: could PEPE emerge as the powerhouse leading the rebound? This article explores if PEPE will be the first to break free from the meme coin slump and what this means for investors. Pepe`s Volatile Journey: Key Levels and Mixed Signals Pepe experienced a steep decline of 27.60% over the past month, alongside a 12.16% drop over the last six months. A weekly fall of 2.10% highlights short-term pressure amid high fluctuations. Historical moves show notable swings, indicating a sustained but less dramatic half-year decline alongside rapid intraday corrections. Current prices range between $0.00000534 and $0.00001239, with resistance near $0.00001686 and support around $0.00000278. Momentum indicators, including an RSI at 41.23 and negative oscillators, suggest a bearish sentiment without a clear trend. Traders may seek entry points near support and monitor for potential breakouts above resistance. DOGE Update: Short-Term Dip Amid Long-Term Recovery Past performance shows a one-month drop of about 34.61% with a weekly decline of 18.54%, contrasted by a strong 55.64% gain over the past six months. This reveals a volatile path, as the coin experienced sharp short-term dips yet managed to bounce back during longer periods. Current trading sees prices moving between $0.1446 and $0.2962 dollars, with resistance at $0.3904 and secondary resistance at $0.5420. Support sits at $0.0872. Bearish signals dominate the short-term outlook due to negative momentum and oscillator readings. The trend remains unclear, suggesting that traders might consider staying alert and waiting for price action to test key levels before committing to positions. Shiba Inu Market Outlook Reflects Recent Downturn and Key Levels Last month saw a decline of about 23.5%, while over the past six months, the coin has dropped roughly 13.5%. This indicates persistent downward pressure. The weekly performance shows a near 10% loss, demonstrating a period of steady weakness without any notable upward recovery. Price behavior during these intervals reflects a bearish environment, despite minor rebounds in other parts of the market. Currently, trading is between $0.0000106 and $0.0000182, with resistance near $0.0000226 and support around $0.0000072. Technical indicators point to bearish strength, with the RSI at approximately 36.8. Traders may consider testing resistance levels for potential breakouts, while keeping an eye on the possibility of declines near the support boundary. Conclusion The prices of PEPE have shown better performance than DOGE and SHIB . This trend raises the possibility that PEPE might be the first to recover among these meme coins. The market dynamics continue to evolve, and PEPE`s recent momentum suggests potential for future growth. DOGE and SHIB`s performances, while significant, currently lag behind PEPE`s recent gains. The coming weeks will be crucial in determining if PEPE can maintain its lead or if competitors will catch up. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. ZyCrypto
