Today, Bitcoin took another dive, this time to its lowest level since June 21. A check on Bitfinex reveals a BTC price slump to $28,641. Coinbase, America’s largest crypto exchange, reported an even more drastic drop to $28,478. Although the price bounced back slightly to hover just below $29,000 (-1.4% in the last 24 hours),…
The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Richard “Heart” Schueler and crypto projects HEX, PULSECHAIN, and PULSEX. According to a document filed with a court for the Eastern District of New York and shared on X by economist Alex Krüeger, the regulator is violating U.S. securities laws. As of this writing,…
After a shocking revelation by CEO Brian Armstrong, Coinbase, the Nasdaq-listed crypto exchange, saw its share price plummet by more than 10%. The reason: a controversial request from the US Securities and Exchange Commission (SEC) prior to the lawsuit against Coinbase. The SEC’s demand? That Coinbase halts trading in all cryptocurrencies other than Bitcoin. Brian…
In a recent statement, Wells Fargo’s Treasury Management officer Shannon Thorp provided an eye-catching price prediction for XRP. The forward-thinking executive anticipates a potential surge in XRP’s value to anywhere between $100 and $500 in the short term, specifically within the next 4 to 7 months. This price hike prediction represents an astounding 14,200 %…
Bitcoin prices have been stagnant, trading below the psychological $30,000 level. The coin is technically under pressure, declining from its peaks of around $31,800 recorded in early July 2023. Amid this development, on-chain data reveals that the Bitcoin miner reserve has been increasing, notwithstanding prevailing market conditions, bouncing back from May 2023 lows. According to data…
As of July 25, on-chain data indicates that the hash rate dedicated to the Litecoin network for mining from Binance Pool, a platform focused on improving miners’ income, is down by over 50% in the past seven months. In crypto mining, hash rate is the cumulative computing power funneled to a proof-of-work network like Bitcoin, Litecoin, or…
Since the summary judgment in the Ripple vs SEC case, XRP has captured the spotlight in the crypto market. Now the fourth-largest crypto by market capitalization, XRP, is currently experiencing a consolidation trend. However, this could just be the calm before the storm as both the activity of large investors aka whales and a developing…
Prominent Pro-XRP lawyer John E. Deaton has downplayed the potential effects of an appeal by the United States Securities And Exchange Commission (SEC) in its ongoing case against Ripple on the sale of the XRP token as an unregistered security. SEC Nudges At Possible Appeal Against Ripple Ruling On July 13, U.S. Judge Analisa Torres…
The XRP community is struggling with a significant rise in profit-booking actions due to repeated attempts at smashing through the unbreakable $0.85 resistance barrier, resulting in a severe loss of traction for the Ripple altcoin price. The market is now anxiously awaiting the answer to the crucial question: Will the bullish forces muster enough strength…
Senior House Republicans have officially introduced a bill that seeks to change how crypto markets function in the United States. Republican members of the Agriculture and Financial Services Committees of the United States House have introduced this bill to create a regulatory framework for digital assets. Submitted on July 20, the Financial Innovation and Technology…