On October 1, Ripple Labs Inc. received a monumental in-principle approval from the Dubai Financial Services Authority (DFSA), an event that marks a pivotal milestone for the blockchain-based payment service. This status not only designates Ripple as the first of its kind to acquire a license from the DFSA, but it also reinforces its standing
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In a recent statement that rattled the cryptocurrency world, seasoned trader Peter Brandt discussed the formation of a so-called “Three Blind Mice” pattern in Bitcoin’s price behavior. This talk has ignited discussions and contemplations among traders, analysts, and enthusiasts alike, but clarity on the actual implications of this pattern remains elusive. With no specific bullish
This week has marked a significant development in the cryptocurrency sector with Bitwise Asset Management’s registration of a new trust entity named “XRP ETF” in Delaware. This action is closely followed by the filing of an S-1 form with the U.S. Securities and Exchange Commission (SEC), a crucial prerequisite for firms looking to introduce a
The cryptocurrency market is teeming with fervent debates and predictions regarding the future value of various assets. Recently, crypto analyst Wisdom Matic provided a set of price targets for Bitcoin (BTC), Dogwifhat (WIF), and Fantom (FTM). His forecast suggested ambitious yet plausible goals for these cryptocurrencies—Bitcoin aiming for $80,000, Dogwifhat for $7, and Fantom for
In a landmark decision, the United States Court of Appeals for the District of Columbia Circuit ruled on October 2, 2023, that prediction markets facilitating bets on U.S. elections are legal. This ruling emerged from a dispute between the U.S. Commodity Futures Trading Commission (CFTC) and the prediction market platform Kalshi, which had been facing
The recent filing by Bitwise Asset Management for an XRP exchange-traded fund (ETF) in Delaware signifies a pivotal moment in the evolution of institutional investment within the cryptocurrency market. This development not only underscores the growing interest in Ripple’s digital currency, but also highlights the ongoing maturation of the crypto financial landscape. By officially launching
The world of cryptocurrency is always evolving, and currently, Bitcoin is at the forefront of market conversations as experts express optimism regarding its trajectory in late 2024. As we enter the month of October—often nicknamed “Uptober” by enthusiasts—market analysts are closely examining both historical patterns and current market behavior to forecast Bitcoin’s potential rise. In
Bithumb, South Korea’s prominent crypto exchange, is making waves by announcing its intention to pursue a potential public listing in the United States—a move that could significantly reshape its operational landscape and elevate its market position. Reports from local media around its shareholders meeting on September 30 reveal that Bithumb aims to target a Nasdaq
In an alarming reminder of the vulnerabilities associated with the digital age, a 21-year-old from Lebanon, Indiana, has pleaded guilty to orchestrating a significant cryptocurrency theft that has shocked the financial community. Evan Frederick Light admits to masterminding a scheme that defrauded nearly 600 individuals worldwide, culminating in losses exceeding $37 million. His case, which
As we transition from mid-September toward the end of October, Bitcoin’s market movements have elicited mixed sentiments among investors. The cryptocurrency recently experienced a rally, concluding September with a positive monthly candle. However, as the new month begins, Bitcoin has once again dipped below the critical $65,000 psychological threshold. This price fluctuation has led many
After six long years of fluctuations and mixed performance, Cardano (ADA) has finally broken the pattern with a notable uptick in September, registering a remarkable price increase of nearly 8%. This marked change is monumental for the cryptocurrency, indicating a possible turning point for ADA as it heads into October. The data provided by Cryptorank
In a notable turn of events, the Securities and Exchange Commission (SEC) has opted to appeal a federal court verdict concerning its drawn-out legal dispute with Ripple Labs. This action, filed with the Second Circuit Court of Appeals on October 2, ignites new tensions in a case that has significant implications for the cryptocurrency industry,
Despite previous legal victories, the ongoing tensions between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs have reached a critical point as the SEC filed a notice of appeal on October 2, 2023. The appeal is aimed at overturning a ruling issued by Judge Torres earlier this year, which deemed that secondary sales
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