The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has been a contentious issue in the cryptocurrency industry since December 2020. The SEC accused Ripple of conducting an unauthorized securities offering by raising over $1.3 billion through the sale of XRP tokens. Ripple, on the other hand, maintains that XRP
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Matrixport, a crypto financial services platform, has once again made a bullish prediction for the Bitcoin price. This time, they forecast that Bitcoin will surge to $63,000. This projection is notably higher than their previous prediction of $50,000 by the end of January, which did not materialize as expected. The ambitious target of $63,000 is
The Energy Information Administration (EIA) recently faced backlash from members of the crypto mining sector, leading to the suspension of a survey aimed at collecting data from crypto mining firms. The lawsuit, launched by Riot Platforms and the Texas Blockchain Council, raised concerns about the EIA’s data collection practices, prompting the agency to halt enforcement
Ethereum saw a brief surge above $3,000 this week, signaling a 4% price increase. However, the cryptocurrency soon entered a period of correction, potentially re-testing the key support level at $2860. The ability of buyers to maintain momentum and reclaim $3,000 will be crucial in determining the market direction. Failure to do so could invite
February 23, 2024 marks a significant period for the Wall Street Memes ecosystem as it prepares for a major burn event. This event is set to impact the growth and dynamics of the GambleFi project. With $WSM price analysis at the forefront, it is essential to delve deeper into how this development could influence the
Kraken, a prominent cryptocurrency exchange, has been at odds with the US Securities and Exchange Commission (SEC) over allegations of operating unlawfully as an unregistered securities exchange. The SEC’s decision to sue Kraken following the firm’s advocacy for regulatory reform raises questions about the agency’s motives. By targeting Kraken for its political speech, the SEC
South Africa recently unveiled plans to integrate digital payments and cryptocurrencies into its financial system as part of its 2024 budget. The government aims to boost the economy, particularly for marginalized communities, through increased collaboration between the public and private sectors to foster financial innovation. The primary goal is to improve access to digital payment
As the world of cryptocurrency continues to evolve and expand, new trends and opportunities emerge on a daily basis. Recently, the rise of AI-coins has taken the spotlight in the crypto market, with significant gains being made by tokens such as Worldcoin, SingularityNET, and Render. However, amidst the hype surrounding these AI-themed coins, it is
As the crypto market experiences fluctuations in major cryptocurrencies such as Bitcoin and Ethereum, some traders are turning to the world of micro-cap shitcoins and meme coins in search of quick gains. These smaller coins often have tiny market caps and low liquidity, making them highly volatile and prone to drastic price swings. One example
Fred Krueger, a crypto investor, has been vocal about his belief that Ethereum is currently overvalued. He argues that Ethereum supporters are disconnected from reality, especially after the native currency broke above $3,000. One of the main reasons behind Krueger’s perspective is the noticeable decline in on-chain activity on the Ethereum network. This decrease can
