The ongoing lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has garnered significant attention within the cryptocurrency community. As the trial phase progresses, the outcome of the case could have far-reaching implications for Ripple, its native token XRP, and the broader cryptocurrency market. Potential Market Volatility If Ripple were to lose the
Crypto
The 24-hour trading volume of Tether (USDT) on the TRON network has reached an impressive $53 billion, surpassing the average daily trading volume of payment giant Visa for Q1 of 2024, which stood at $42 billion. This comparison is crucial as Visa is known for being one of the largest payment processors globally, handling billions
Political-themed meme coins, such as PolitiFi tokens, have recently gained attention as speculative assets tied to the upcoming United States presidential debate. Analysts at Bitfinex have cautioned investors about the potential volatility of these tokens in the next seven days or more, as they are closely linked to the performance of candidates like President Joe
In a bold move, British multinational bank Standard Chartered has announced plans to launch a trading desk for Bitcoin and Ether. This development marks a significant step for the bank as it becomes one of the first global banks to venture into spot cryptocurrency trading. Expansion into Digital Assets Standard Chartered has been actively engaging
Bitcoin has always been a key player in driving market trends, with its influence extending to other cryptocurrencies. Recent data shows a significant shift in behavior among long-term holders of Bitcoin and Ethereum. While BTC holders have been liquidating their positions, Ethereum holders are continuing to accumulate their assets. This change in strategy is vital
Bitcoin’s price movements have been underwhelming as the asset faced resistance at $66,400 and was driven down towards $64,000 for the third time in a week. The altcoins have also turned red, with significant declines, especially in the meme coin niche. Despite briefly touching $70,000 last week, Bitcoin failed to sustain its upward momentum and
In the last 24 hours, major cryptocurrencies like Bitcoin, Ethereum, and Ripple have experienced minor gains, signaling a positive trend in the market. These leading digital assets are bouncing back from recent losses, offering hope to investors and traders alike. Additionally, AI-related coins such as Fetch.ai have seen impressive double-digit pumps, showcasing a potentially lucrative
In recent news, NVIDIA has emerged as the new king of Wall Street, surpassing Microsoft for the title of the largest market capitalization in the world. This surge in NVIDIA’s stock price, with an increase of around 3.5% in the past 24 hours alone, has certainly caught the attention of investors. The company started the
Kraken’s chief security officer, Nick Percoco, recently revealed that an undisclosed white-hat hacker group stole approximately $3 million in digital assets from the platform’s treasury by exploiting a bug in the system. The security researchers have refused to return the stolen funds, demanding that Kraken provide an estimated amount of money it could have lost
Recently, it was revealed that Montenegrin Prime Minister Milojko Spajić was an early investor in Terraform Labs. In April 2018, Spajić invested $75,000 in the company, acquiring 750,000 Luna tokens. This investment came during Terraform Labs’ initial fundraising phase, where Spajić was identified as the 16th investor. Unfortunately, Terraform Labs’ cryptocurrency project failed in 2022,
XRP, the seventh-largest cryptocurrency by market cap, has experienced a recent uptrend in its price after surpassing $0.50. Despite a mild decline in the past 12 hours, XRP managed to erase its weekly losses, standing out as the only top cryptocurrency in the green during this period. Traders have been closely monitoring the ongoing legal
In a shocking turn of events, ex-convict Martin Shkreli, infamous for his involvement in financial-related frauds, recently made headlines by claiming to be one of the creators of the new Donald Trump-themed token DJT. This revelation came amidst mounting questions regarding the legitimacy of the token and allegations of insider trading within the crypto community.
David Hirsh, Chief of the Crypto Asset and Cyber Unit at the SEC, recently announced his resignation from the agency after spending nine years in the Division of Enforcement. In a post on LinkedIn, he expressed his gratitude towards his colleagues, mentors, and friends for their support throughout his tenure. Hirsh emphasized the collaborative nature
Ripple’s XRP has shown resilience in the face of negative market conditions, with its price recently increasing by 1% in the past 24 hours and by 3% over the course of the week. This growth surpasses Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) which all experienced a decrease of around 3% during the same
