Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Staking Pool Token Surges 13% To Outshine Bitcoin, Ethereum Despite Kraken Hurdle

Rocket Pool (CRYPTO: RPL) has risen 7% over the past 24 hours, outperforming Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) gains.
byMehab Qureshi
February 10, 2023
1 minute read
Total
0
Shares
0
0
0
0
0
0

Rocket Pool (CRYPTO: RPL) has risen 7% over the past 24 hours, outperforming Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) gains.

What Happened: The rally comes as cryptocurrency exchange Kraken suspended its staking operations in a Securities and Exchange Commission settlement.

At the time of writing, RPL was trading at $52.18, while apex coin BTC was down 3.31% at $21,826 and ETH fell 5% to $1,541.

Rocket Pool is a decentralized Ethereum staking platform that offers users to earn commission from staking ETH and earn RPL tokens. 

See More: Top Indian Apps That Give Bitcoin, NFT Rewards 

According to data from DefiLlama, Ethereum staking service Rocket Pool reached $1.1 billion in total value locked (TVL) on Friday midnight. 

Meanwhile, Coinbase (NASDAQ:COIN) CEO Brian Armstrong on Wednesday expressed concerns over hearing rumors about the SEC getting “rid” of cryptocurrency staking in the US for retail customers.

Read Next: Bitcoin, Ethereum, Dogecoin Tumble After Kraken Pauses Staking: Analyst Warns Uptrend Loss If Apex Crypto Drops Below This Level

Photo courtesy: Rocket Pool

 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

CBD And Weed Banned On Cruise Ships: Is It A Ploy To Boost Alcohol Sales?

By Jelena Martinovic
December 18, 10:58 AM
Marijuana is not permitted on cruise ships, regardless of the legality of its consumption in some cruise destinations, due to federal regulations. Companies such as Carnival Corporation, Royal Caribbean Cruises and Norwegian Cruise Line have all taken the same stance on marijuana use. Items such as medical cannabis and drug paraphernalia containing oils and THC products are banned on onboard vessels. Besides sending reminders to passengers and crew, Carnival Cruise is understood to have employed drug-sniffing dogs to help detect cannabis on its ships. The decision is believed to have been influenced by cruise companies' desires to promote alcohol sales. Cruise Lines International Association has forecast that 31.5 million passengers will return to cruising in 2023, which would surpass pre-pandemic levels, hence the introduction of increased security measures by some cruise lines.

CCL