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 […]
Swift, a global financial messaging network, has successfully conducted a variety of blockchain interoperability tests with multiple financial institutions such as Citi, SIX Digital Exchange (SDX), BNP Paribas, and BNY Mellon. The tests were conducted using Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This is part of Swift’s strategy to ensure secure, global interoperability as new technologies […]
Bitcoin had a turbulent week, with prices surging after Grayscale’s legal victory against the SEC on Tuesday, only to lose all those gains after the regulator delayed a decision on approving seven spot Bitcoin ETFs on Thursday. The dominant cryptocurrency is currently trading at $25,798, down 0.8% in the past 24 hours.The bearish trend is […]
Dogecoin (DOGE) is currently trading at $0.063423 USD, with a 24-hour trading volume of $224,697,203 USD. It is ranked #8 on CoinMarketCap, with a live market capitalization of USD 8,932,585,099. Despite a slight decrease of 0.84% in the past 24 hours, Dogecoin continues to capture the attention of crypto enthusiasts worldwide.Wall Street Memes is a […]
