Ripple is confidently addressing its ongoing legal challenges while actively exploring new opportunities to expand the capabilities of the Ripple platform. Although the exact role of XRP is still under scrutiny, notable signs suggest a growing interest in its potential. Ripple’s Resilience In The Legal Battle In a recent twist to the SEC v. Ripple…
Approximately 150 employees of trading firm Robinhood Markets are slated to lose their jobs, according to a Wall Street Journal report on Monday. This decision, which constitutes the third round of job cuts happened within a span of slightly over a year. This was stated in an internal communication by the firm’s chief financial officer,…
The recently published Hinman documents in the legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) have caused quite a stir and strengthened the XRP army’s belief that the fintech will prevail against the regulator. What has attracted little attention, however, are the documents and emails that Ripple has had to…
Data from IntoTheBlock reveals that over 75% of all Bitcoin holders are in the money at spot rates when the prices are at multi-week highs, trading at around $30,000 as of writing on June 22. Bitcoin has been on a firm uptrend over the past few trading days, propelled by supportive fundamentals. The world’s most valuable cryptocurrency…
BlackRock’s filing for a Bitcoin spot ETF (iShares Bitcoin Trust) has breathed new life into the market and sparked a strong rally. The hope is that BlackRock will trigger a “Great Accumulation Race” around Bitcoin, fuelled by the fact that 69% of all investors have been unwilling to sell their Bitcoins for over a year,…
While the cryptocurrency community is excited about the BlackRock Bitcoin exchange-traded fund (ETF) filing and the planned involvement of other prominent players in traditional finance, such as Fidelity and Deutsche Bank, one observer is skeptical. On Twitter, he notes that these Wall Street giants only became involved after the United States Securities and Exchange Commission (SEC) took…
Bitcoin is again at 50% market dominance, indicating that the cryptocurrency now accounts for half of the total crypto market cap, valued at $1.052 Trillion. According to data from Tradingview, Bitcoin’s total market dominance crossed above 50% yesterday, June 19, for the first time in months. The news of Bitcoin’s renewed dominance has driven much…
In a recent post, the Chief Legal Officer of Ripple, Stuart Alderoty, stated that legally federal employees must act impartially. As such, the United States Security and Exchange Commission (SEC) especially should comply with rigid rules. Alderoty reaction relates to the Hinman documents and allegations of William Hinman’s favoritism towards Ether. SEC Counsel Emphasizes On…
On-chain data shows that Bitcoin retail buyers have been loading up the recent dip, a move that also coincided with price gains above $26,000, relieving traders and holders. Early this week, BTC prices crashed to as low as $24,820 before recovering to spot rates, adding 8% in four days. Retail Investors Are Buying The Dip…
In the past 48 hours, the price of XRP has experienced notable volatility, dropping below $0.50. The crypto market is closely focused on XRP due to a recent favorable development in the Securities and Exchange Commission (SEC) vs. Ripple lawsuit. The emergence of the Hinman documents has sparked inquiries into the actions of the Securities…