A small group of 1,987 XRP Millionaires currently hold an incredible 42.73 billion XRP, contributing to over 80 percent of the currency’s total circulating supply. Despite a bearish crypto market, specific categories of these “XRP Millionaires” are showing surprising resilience, even as others decline.The number of addresses holding between 5 and 10 million XRP increased […]
The U.S. Court of Appeals for the D.C. Circuit recently ruled in favor of digital asset management company Grayscale Investments in its lawsuit against the Securities and Exchange Commission (SEC). The court ordered the agency to review its rejection of Grayscale’s application to turn its flagship Grayscale Bitcoin Trust fund (GBTC) into a spot Bitcoin […]
The crypto market is abuzz with recent developments in the Ripple lawsuit and the price of XRP on the rise. Shiba Inu (SHIB) has also seen a major boost from Shibarium, while investors have been diversifying into Everlodge (ELDG) due to its massive potential. Unification will launch a Shibarium validator node soon, increasing confidence in […]
Binance CEO Changpeng ‘CZ’ Zhao is confident that decentralized finance (DeFi) will overtake centralized finance (CeFi) in terms of prominence and significance within the financial landscape over the next six years. Zhao believes that if even a small portion of the trillions of dollars controlled by institutional investors in the equity market were invested in […]
Bitcoin price stayed below $26,000 into the Sep. 3 weekly close, brushing off overly bearish trader sentiment. Data from Cointelegraph Markets Pro and TradingView showed BTC price avoiding volatility over the weekend, operating in a tight $200 range. Traders weighed the impact of various potential weekly close levels, with $25,900 as the key line in […]
Crypto asset manager Grayscale Investments recently won a lawsuit against the U.S. Securities and Exchange Commission (SEC) in its effort to convert its Grayscale Bitcoin Trust (GBTC) into a Bitcoin exchange-traded fund (ETF). The SEC had alleged that the GBTC didn’t have enough safe practices and fraud protection in place. Judge Neomi Rao accepted Grayscale’s […]
Amidst speculation regarding a potential resolution between Ripple and the United States Securities and Exchange Commission (SEC), attorney John Deaton, representing numerous XRP token holders, has outlined the possible steps the two parties might take if they opt for a settlement. Deaton pointed out the significance of the ongoing Coinbase vs. SEC lawsuit, explaining that […]
Binance CEO Changpeng “CZ” Zhao believes that decentralized finance (DeFi) has the potential to surpass centralized finance (CeFi) in the next bull run. During a live X Spaces (formerly Twitter Spaces) titled CZ AMA, CZ stated that the volume of DeFi is currently between 5-10% of CeFi, and that the next bull run may make […]
FTX Debtors have recently revealed a series of financial statements that show any transactions that benefited company executives prior to the major cryptocurrency exchange’s collapse in November 2022. The filing with the United States Bankruptcy Court for the District of Delaware disclosed payments or property transfers that directly benefited senior company executives at FTX and […]
The Securities and Exchange Commission (SEC) and Ripple Labs are engaged in a legal battle over the regulatory status of XRP. Last week, the SEC attempted to appeal a court decision allowing Ripple to use a “fair notice” defense. However, prominent lawyers have predicted the appeal’s inevitable rejection. Ripple’s chief counsel, James K. Filan, and […]
