A U.S. federal judge has rejected the U.S. Securities and Exchange Commission’s (SEC) bid to appeal its loss against Ripple, the crypto company associated with the XRP token. The news caused XRP’s price to rally about 5%. District Judge Analisa Torres said in a brief ruling that the SEC had failed to meet its burden […]
Polygon’s MATIC is showing bullish signs above $0.550, with high chances of more gains toward $0.70. The price recently broke a crucial bearish trend line with resistance near $0.550 on the daily chart.MATIC’s price had steadily declined from the $0.90 resistance in the past few weeks, trading below the $0.72 and $0.65 support levels. The […]
Kraken, a US-based cryptocurrency exchange, has recently seen its most substantial Bitcoin deposit since 2018. This deposit of 14,924 Bitcoin has sparked speculation that the cryptocurrency could break beyond the $30,000 mark, as it has experienced a 5% price increase in the past week.On-chain data reveals that large-volume inflows on renowned exchanges like Kraken have […]
The U.S. market welcomed nine highly anticipated Ethereum-based Exchange Traded Funds (ETFs) on Monday. Despite the excitement, a prominent market analyst has noted that the ETFs have underperformed in trading volume since their launch.Eric Balchunas, a Senior ETF Analyst at Bloomberg, commented on the ETF rollout. He noted that none of the ETFs have outperformed […]
Ripple, the payment company led by Brad Garlinghouse, celebrated two major milestones yesterday. The first was in the United States, and the second in Asia. In Singapore, the company was granted a Major Payments Institution (MPI) license by the Monetary Authority of Singapore (MAS). This allows Ripple to provide digital payment token services and crypto […]
Patrick McHenry, Chairman of the House Committee, has sent a strong message to Gary Gensler, Chair of the Securities and Exchange Commission (SEC), regarding the release of critical documents related to the FTX collapse and the SEC’s climate disclosure rule. In a tweet, McHenry expressed his frustration, stating that if Gensler withholds the requested documents, […]
The US court has drawn a distinction between Ripple Labs’ case and those of Terraform and LBRY. Judge Analisa Torres based her decision on the understanding and expectations of retail investors. The court highlighted that Ripple’s sales of XRP are not synonymous with the Terraform case, as retail investors would not expect XRP sales to […]
Yield Protocol, a prominent player in the Decentralized Finance (DeFi) space, recently announced its decision to wind down its operations. This marks the end of an era for Yield Protocol, as it will not be launching its March 2024 fixed-rate series, and all borrowing and lending activities will cease by December 31, 2023. The team […]
The Bank of International Settlements (BIS) has developed a proof of concept (PoC) called Project Atlas to track on-chain and off-chain transactions from cryptocurrency exchanges and public blockchains including Bitcoin. Working with the Deutsche Bundesbank, De Nederlandsche Bank, European Central Bank and the Bank of France, the project aims to provide insights, information and economic […]
John E. Deaton, a lawyer known for his pro-XRP stance, has hinted at a potential significant defeat for the Securities and Exchange Commission (SEC) in its ongoing case against Coinbase. Deaton believes that the odds of Coinbase winning the motion to dismiss have improved to 50%, which is an extraordinarily high percentage for victory. He […]
