rickyroy

Bitcoin fell over 8% to $1,11,000 levels, and Ethereum dropped more then 15% to below $3,800 levels, as US President Donald Trump escalated trade tensions with China. Here's an update on the crypto markets…
Prices of Bitcoin, Ethereum and most other cryptocurrencies crashed after United States President Donald Trump on October 10 said that he is raising US tariffs 100 per cent on “any and all critical software” imports from China
The decision came after China announced export limits on rare earth minerals, which are critical for manufacturing, especially tech, as per a Reuters report.
Bitcoin slumps around 8%, ethereum down 12%
At 6.10 am, at time of writing, Bitcoin was down 7.60 per cent to $1,12,592.31 and Ethereum dropped 12.24 per cent to $3845.92 , according to data on CoinMarketCap.

As per the CoinMarketCap analysis, the world's largest cryptocurrency saw $9.5 billion liquidations amid failed support at $1,20,000 level
Bitcoin fell 7.60% to $112,592.31 and Ethereum dropped 12.24% to $3,845.92 as Donald Trump escalated trade tensions with China.
Bitcoin fell 7.60% to $112,592.31 and Ethereum dropped 12.24% to $3,845.92 as Donald Trump escalated trade tensions with China. (Reuters )
Prices of Bitcoin, Ethereum and most other cryptocurrencies crashed after United States President Donald Trump on October 10 said that he is raising US tariffs 100 per cent on “any and all critical software” imports from China.

The decision came after China announced export limits on rare earth minerals, which are critical for manufacturing, especially tech, as per a Reuters report.

Also Read | China goes all in on US trade battle, with Qualcomm in the crosshairs
Bitcoin slumps around 8%, ethereum down 12%
At 6.10 am, at time of writing, Bitcoin was down 7.60 per cent to $1,12,592.31 and Ethereum dropped 12.24 per cent to $3845.92 , according to data on CoinMarketCap.

As per the CoinMarketCap analysis, the world's largest cryptocurrency saw $9.5 billion liquidations amid failed support at $1,20,000 level.

Also Read | US-China trade talks fail? Why Trump announced 100% tariffs, export curbs
Crypto market update: Top 5 tokens
Bitcoin at 6.45 am was down 8.40% to $111,841.14, with market cap also down 8.12 per cent to $2.23 trillion.
World's second largest crypto, Ethereum was down 15.62% to $3,792.31, with market cap down 13.81% to $456.97 billion.
Tether is down 0.1% to $1, with market cap down 0.28% to $178.97 billion.
Binance coin was down 6.6% to $1,094.09, with market cap down 12.91% to $152.27 billion.
XRP was down 22.85% to $2.33, with market cap down 16.31% to $140.19 billion.
Why did crypto market crash? What Trump said…
In a post on Truth Social, Donald Trump announced that he was unhappy with China's stance on export of rare earth minerals and called it an “extraordinarily aggressive position”.

Donald Trump wrote, “It has just been learned that China has taken an extraordinarily aggressive position on Trade in sending an extremely hostile letter to the World, stating that they were going to, effective November 1st, 2025, impose large scale Export Controls on virtually every product they make, and some not even made by them. This affects ALL Countries, without exception, and was obviously a plan devised by them years ago. It is absolutely unheard of in International Trade, and a moral disgrace in dealing with other Nations.”

Why did crypto market crash? What Trump said…
In a post on Truth Social, Donald Trump announced that he was unhappy with China's stance on export of rare earth minerals and called it an “extraordinarily aggressive position”.

Donald Trump wrote, “It has just been learned that China has taken an extraordinarily aggressive position on Trade in sending an extremely hostile letter to the World, stating that they were going to, effective November 1st, 2025, impose large scale Export Controls on virtually every product they make, and some not even made by them. This affects ALL Countries, without exception, and was obviously a plan devised by them years ago. It is absolutely unheard of in International Trade, and a moral disgrace in dealing with other Nations.”

“Based on the fact that China has taken this unprecedented position, and speaking only for the U.S.A., and not other Nations who were similarly threatened, starting November 1st, 2025 (or sooner, depending on any further actions or changes taken by China), the United States of America will impose a Tariff of 100% on China, over and above any Tariff that they are currently paying. Also on November 1st, we will impose Export Controls on any and all critical software,” he added.

He warned, “It is impossible to believe that China would have taken such an action, but they have, and the rest is History.”
#TrumpTariffs #CryptoNewsCommunity #cryptomarketcrash #Rickyroy

#Ripple cryptographer J. Ayo Akinyele is positioning the XRP$XRP Ledger as the institutional blockchain of choice through privacy-first development. The senior director of engineering outlined a roadmap combining transparency with confidentiality in a recent blog post.

Akinyele argues that finance cannot function without confidentiality, while public blockchains prioritize transparency. He proposes programmable privacy, allowing honest participants to control information disclosure while meeting regulatory requirements.

Zero-knowledge proofs serve as the core mechanism for private yet compliant transactions. This cryptography proves statements are true without revealing underlying data, enabling processes like #KYC completion without broadcasting identities across the network.

Institutions will not migrate core workflows to public ledgers without built-in confidentiality, according to #Akinyele. He emphasized that regulators require accountability, making selective disclosure and hardened wallet infrastructure essential components.

Trusted execution environments will enable fair transaction ordering to curb frontrunning. Confidential computation allows sensitive logic to run off-chain while producing verifiable outputs, reducing market-structure risks without relying on intermediaries.

The roadmap includes two major milestones for XRPL development. Over the next 12 months, zero-knowledge proofs will enable private, compliant transactions that improve throughput, establishing the ledger as the institutional default.

Confidential multi-purpose tokens are expected to launch in 2026. This forthcoming #XRPL standard will bring privacy-preserving tokenized collateral to market, which Akinyele describes as essential for institutional adoption of real-world assets and DeFi.

The ledger's decade-long operating history positions it to bridge trillions in assets moving on-chain.
#Ripple #CryptoNewss #Rickyroyachievement #Rickyroy #Write2Earn

India’s financial watchdog launched a fresh crackdown on cryptocurrency platforms on thursday 02/10/2025, issuing notices to 25 offshore Virtual Digital Asset Service Providers (VDA SPs) for failing to comply with the country’s anti–money laundering laws
The Financial Intelligence Unit – India (FIU-IND) said the firms were catering to Indian users without registering under the Prevention of Money Laundering Act (PMLA), 2002, a legal requirement since March 2023. The action was taken under Section 13 of the Act.

Among those named are several global exchanges, including Huione, Paxful, CEX.IO, LBank, BingX, CoinEx, Poloniex, BitMex, BTCC, and Remitano. FIU-IND has also directed these companies to block access to their websites and mobile applications in India under provisions of the Information Technology Act, 2000, citing illegal operations.
According to a press release, while 50 VDA service providers have so far registered with FIU-IND, several offshore firms continue to serve Indian investors without approval, keeping them outside the anti-money laundering and counter-terror financing framework
All such service providers — whether operating from within India or abroad — are required to register as reporting entities and comply with obligations such as record-keeping, transaction monitoring, and customer verification.
#MarketUptober #IndianCryptoTrends #Rickyroy #IndiaCryptoRevolution #FIU

Tether co-founder Reeve Collins expects all currency to exist as #stablecoins by 2030 as part of a broader shift moving finance on-chain. He stated that even fiat currencies like dollars, euros, and yen will operate on blockchain rails within five years.

Collins explained that a stablecoin simply represents traditional currency running on blockchain infrastructure. The definition centers on moving money through #blockchain technology rather than any specific technical implementation.

The co-founder argues stablecoins will become the primary money transfer method before 2030. Benefits of tokenized assets have grown too compelling for traditional finance institutions to ignore any longer.

Collins identified the U.S. government's positive stance shift toward crypto this year as the best development for the market. Many large traditional finance firms previously feared entering the industry due to potential government scrutiny.

The regulatory clarity has opened floodgates, with traditional finance scrambling to enter the crypto sector. Every large institution and bank wants to create their own stablecoin because of the lucrative nature and superior transaction capabilities.

Collins predicts that the distinction between centralized and decentralized finance will disappear. Applications will simply move money, provide loans, and manage investments through a mix of traditional and DeFi-style approaches.