Author: News Room
The legal tussle between the SEC and Ripple takes a new twist as XRP enthusiasts characterize the commission’s remedy request as an abuse of power. The crypto community has slammed the United States Securities and Exchange Commission (SEC) over its remedy request against blockchain payments company Ripple Labs. SEC Seeks $1.95B in Fine Against Ripple It bears mentioning that the SEC made its remedies request against Ripple on March 22. In particular, the commission requested a whopping $1.95 billion in fines and penalties following Ripple’s unregistered securities offering in the form of XRP institutional sales. The $1.95 billion fine requested…
The blockchain and crypto industry has never stood still including during the prolonged lean period known as the crypto winter, asserted Michael Amar, co-founder of the Paris Blockchain Week Summit. Amar believes the resilience shown by market participants during this period demonstrates a new level of maturity in the industry. Engagement Between Startups and Developers […] Read the full article here
With the fourth Bitcoin halving approximately 15 days away, miners are focused on increasing their profitability before their block rewards are significantly reduced. Although some Bitcoin mining companies have increased their selling activity, they still face challenges like lower transaction fees, increasing mining competition, and the need for higher computing power to produce the same amount of BTC. Miners Struggle to Sustain Profitability The reduction of Bitcoin block rewards from 6.25 BTC to 3.125 BTC will significantly affect miners. Their revenues will be slashed by 50%, and they will need higher BTC prices to sustain their profitability. CryptoQuant’s latest weekly…
Solana (SOL) has seen the biggest losses in the top 10 cryptocurrencies by market cap today, down about 7% in the past 24 hours according to data CoinGecko, as congestion issues plague the network. The coin is down about 6% over the past week and is now priced at $175. But the fifth-biggest digital asset by market cap isn’t the only one suffering: some of the prominent tokens that run on its network have been hit even harder. Wormhole (W), which held its airdrop earlier this week, has been rocked the hardest and is down by 17% in the past…
Bitcoin’s upcoming halving might not have as much of an impact on the price of bitcoin as seen in previous cycles, experts predict. This is because the spot bitcoin exchange-traded funds (ETFs) have already pushed bitcoin to new highs as pressure on supply strengthened. Nevertheless, the long-term effects on both the price of bitcoin and subsequently flows into the ETFs will be positive. Bitcoin’s (BTC) halving – which is often seen as a bullish catalyst for the price – may not be as positive as the market thinks, thanks to the approval of spot exchange-traded funds (ETF). Halving, which occurs…
In a significant legal development, the US Court of Appeals for the Second Circuit has issued a comprehensive ruling on a contentious lawsuit involving crypto exchange Coinbase. The plaintiffs in the case are plaintiffs Louis Oberlander, Christopher Underwood, and Henry Rodriguez. The lawsuit centered on allegations of violations of federal and state securities laws concerning the trading of specific cryptocurrencies on Coinbase. Read the full article here
The “real” Bitcoin (BTC) “bull run” is yet to start, a South Korean crypto firm CEO has claimed. The comments came from Chung Seok-moon (also known as Peter Chung), the head of the Presto Research Center, in an interview with the newspaper Hanguk Kyungjae. ‘Real BTC Bull Run’ on Its Way? Chung is the former head of research at Korbit, South Korea’s first crypto exchange. He has also previously worked for Nomura, Credit Suisse, and UBS. He said: “Bitcoin is still just taking its first steps in the world of institutional funds. The real bull run has not even begun…
They say art reflects culture. If that’s true, then memecoins reflect the baser instincts: greed, hunger, self-preservation and the human urge to buy the bottom to sell the top. So too, then, must memecoins invoking political figures gauge sentiment for their avatars ahead of the US presidential election later this year. There’s only four tokens in the “PolitiFi” category with measurable market caps, according to CoinGecko. Memecoins joe boden (BODEN) and MAGA (TRUMP) make up 99.7% of that value, while others include a ragtag bunch of spinoff Trump tokens and one for Argentina’s fiery new president, Javier Milei. Neither Republican…
The Render Network (RNDR) price trends are unfolding a nuanced narrative. On one hand, an increase in the average coin age signals bolstered confidence among holders, hinting at a bullish outlook. On the other hand, the halt in whale accumulation since late March suggests a more cautious stance, as some investors pause their investments. At this juncture, RNDR is at a crossroads, with its future direction—a bullish surge or a bearish downturn—resting on the developing market trend strength. Increased RNDR Holder Confidence Over the past week, the Mean Coin Age (MCA) for Render, which measures the average duration that coins…
The Reserve Bank of Zimbabwe has introduced a foreign exchange and gold-backed “structured currency” to replace the struggling local currency. The structured currency banknotes will be “fully convertible into the reserve currency on demand.” The central bank has also reduced the annual interest rate from 130% to 20%. Structured Currency Supported by Solid Fundamentals The […] Read the full article here