Author: News Room
According to a last-minute development, the details of which are not yet clear, the SEC will demand a fine of $ 2 billion from Ripple (XRP) developer Ripple Labs. Ripple Chief Legal Officer Stuart Alderoty announced the development as follows: “As you will see when the SEC’s summary is made public tomorrow, they are asking the judge for $2 billion in fines and sanctions. Our answer will be available next month, but as we have all seen time and time again, this is a regulator that operates on statements that are false, ill-defined and designed to mislead. They stayed true…
Crypto scammers are targeting the creditors of bankrupt digital asset firms FTX and BlockFi, according to online blockchain sleuth Plumferno. FTX and BlockFi claimants received legit-looking fraudulent emails luring them with a promise of instant withdrawals of their remaining balances. Source: X “The emails appear to come from the BlockFi restructuring team with an update on their court case and offer affected users the chance to withdraw their remaining balances,” security expert Plumferno flagged in a thread on X (Twitter). Creditors of these beleaguered exchanges have been waiting for their reimbursements ever since a New Jersey bankruptcy court approved BlockFi’s…
On July 13, 2023, in the case of SEC v. Ripple Labs, Inc., document number 2023 WL 4507900 in the Southern District of New York, Judge Analisa Torres ruled in a summary judgment that while Ripple’s direct sales of XRP to institutional buyers were considered securities transactions, its sales on secondary trading platforms were not. The court also declined to grant summary judgment concerning allegations against Ripple executives Bradley Garlinghouse and Christian Larsen. The SEC had accused them of supporting Ripple’s purported violations, indicating that these claims must be resolved at trial (which is expected to start next month). On…
Stacks (STX) price is drawing attention after reaching a new all-time high. Its 7-day Relative Strength Index (RSI) dipped from 83 last week to its current level of 79. While this still suggests an overbought condition, the decline hints at a possible shift in momentum. It’s important to note that despite this, STX remained the outperformer compared to the top 21 biggest coins in the market yesterday. Additionally, the current Exponential Moving Averages (EMA) lines paint a bullish picture, all sitting below the current price line. This technical indicator suggests that continued upward momentum could be in play. RSI Hits…
Iceland’s Prime Minister Katrín Jakobsdóttir has vowed to focus more power on producing food internally while reducing the energy expenditure in data centers and bitcoin mining. Jakobsdóttir stated that while the country was working to achieve carbon neutrality, bitcoin and cryptocurrencies were “not part of that mission.” Iceland’s Prime Minister to Shift Power Away From […] Read the full article here
A closely followed crypto analyst believes one decentralized video-streaming altcoin project is about to go on a massive rally. Pseudonymous trader Kaleo tells his 632,300 followers on the social media platform X that Theta Network (THETA), a platform for decentralized video delivery, could soar by more than 200% as the social finance (SoFi) space finds renewed interest. ”I wouldn’t sleep on THETA here. I’m still incredibly bullish on SoFi over the next few months as you have tokens like ARENA and the FT (Friend.tech) airdrop that will be rolling out and bringing more attention back to the sector.” Looking at…
Widely followed trader Michaël van de Poppe says altcoins are in a position to witness massive rallies in the coming months. The analyst tells his 707,500 followers on the social media platform X that the TOTAL3 chart, which traders use to track the performance of the altcoin market, witnessed an over 16% devaluation during the most recent correction. Van de Poppe says the pullback is part and parcel of a strong uptrend. “Very healthy correction on the altcoin market capitalization, likely to be breaking upwards to the highs in the upcoming months, while Bitcoin consolidates.” The trader says he believes…
TL;DR The cryptocurrency market is thriving, with notable gains in Bitcoin, Ethereum, and particularly Shiba Inu (SHIB). Shibarium’s performance and a substantial increase in SHIB’s daily transaction volume hint at a bullish future for the asset, supported by optimistic price predictions from analysts. The cryptocurrency market has started booming again in the past several hours, with Bitcoin (BTC) crossing the $71,000 level and Ethereum (ETH) surging above $3,600. The situation in the meme coin niche is even more bullish, and Shiba Inu (SHIB) is among the best performers. Its price jumped by 7% on a 24-hour scale and 20% in…
According to a respectful cryptocurrency tracker Whale Alert, over the past 24 hours, an astonishing amount of Bitcoin has been transferred by wallets tagged as unknown. The overall amount of BTC that has changed hands surpasses $2.3 billion in fiat. It was carried in five massive transactions, the smallest of which moved 4,799 BTC. One transferred 7,452 BTC and the other three moved over 8,100 Bitcoin each. The biggest one of them contained 8,734 BTC worth $560,821,374. From these five enormous transfers, about 1 billion USD worth of Bitcoin was withdrawn from the Coinbase cryptocurrency exchange — 8,172 BTC and…
Decentralized exchanges (DEX) weekly trading volume fell by 24,5% in the past seven days, according to DefiLlama’s data. Within the top 10 blockchains by traded volume, Polygon’s 40% slump was the worst, followed closely by Avalanche’s 39,5% fall. Not even meme coin’s favorite chain Solana escaped the fall in weekly trading volumes, with a considerable slide of 20%. Base, on the other hand, rose over 64% in the same period driven by its own ‘meme coin mania.’ Starknet also saw positive weekly variation, with 28% more activity in its DEXes. DEXes’ weekly trading volume divided by chain. Image: DefiLlama Tristan…