The US Securities and Exchange Commission (SEC) has taken steps to amend its original complaint against Binance in a move that may potentially eliminate the need for a court ruling on tokens previously classified as securities. The SEC’s filing on July 30th disclosed its intention to notify Binance, its US affiliate, and founder Changpeng Zhao
Crypto
In the wake of the US government’s decision to move $2 billion worth of bitcoin holdings to a new address, the cryptocurrency market experienced a significant drop, with Shiba Inu (SHIB) seeing a 3% decrease in its price. This sudden decline raised concerns among investors, but is this just a temporary setback or a sign
Ripple’s XRP has been experiencing a significant uptrend, with its price rising from less than $0.40 to over $0.63 in just a few weeks. However, the momentum has slowed down in mid-July, causing the price to retrace below $0.55. The current price is hovering around $0.60, where it has consolidated for the past several days.
Bitcoin recently approached its all-time high but faced rejection, indicating a struggle to maintain momentum. The surge in price can be attributed to various factors, including surpassing the average realized price for short-term investors, reaching well beyond $63,500. This surge signifies renewed market strength, bolstered by the growth in market capitalizations of USDT and USDC.
Solana (SOL) has recently made significant strides in the cryptocurrency market, climbing to become the fourth-largest cryptocurrency by market capitalization. With its price surging nearly 5% daily, SOL now trades at around $192, boasting a market cap of almost $90 billion. This impressive growth has propelled SOL past Binance Coin (BNB) in the rankings, as
Shiba Inu’s layer-2 blockchain solution, Shibarium, has recently achieved a significant milestone by processing over 6 million blocks. This marks a resurgence in activity for the protocol, with key metrics pointing towards an upward trend. For example, active accounts on Shibarium saw a spike from 253 to 417 within a day, indicating a growing interest
Recently, there has been a proposal put forward by a Republican representative for Wyoming during the Bitcoin 2024 Conference in Nashville. The proposal involves the creation of a strategic Bitcoin reserve by the United States government. This move is said to have the potential to secure the dollar’s position as the global reserve currency and
In the world of cryptocurrency trading, meme coins have been gaining popularity due to the potential for massive gains in a short period of time. An example of this is the recent case of a trader who bought 170.2 billion PEPE coins last October and sold them in July for $1.97 million, making a profit
Wong Ching-kit, a native of Hong Kong and a self-proclaimed crypto promoter, has recently caught the attention of Interpol due to his alleged involvement in various criminal activities. He is also known by the moniker “Coin Young Master” within the cryptocurrency community. This comes after a cryptocurrency scam amounting to over HK$3 million ($384,310) implicated
The world of cryptocurrency has seen significant developments in the last month, particularly in the realm of non-fungible tokens (NFTs) and related cryptocurrencies. Despite the market volatility, some coins have shown notable development activity worth examining. Decentraland (MANA) has taken the lead in terms of notable development activity, with a score of 145.77. As a
As the upcoming US presidential elections draw nearer, the spotlight is on candidates such as Donald Trump, Kamala Harris, and Robert Kennedy. While Trump and Harris are the frontrunners according to recent polls, the possibility of Kennedy emerging victorious cannot be completely ruled out. In this article, we will delve into the potential effects on
Ferrari’s recent announcement regarding the expansion of its cryptocurrency payment system to European dealers marks a significant step in the luxury sports car industry. By incorporating digital currencies into their transaction options, Ferrari is aiming to appeal to a new demographic of customers who have acquired wealth through cryptocurrencies. The decision to extend the crypto
2024 has proven to be an eventful year for the cryptocurrency industry, with significant developments in the Ethereum ecosystem. The US Securities and Exchange Commission’s approval of almost ten exchange-traded funds tracking Ethereum’s performance provided a massive validation for the second-largest digital asset. Although the ETH ETFs were greenlighted a few months prior, they were
The launch of spot Ethereum ETFs has been met with lackluster results in the first few days. While there was a solid first day with over $106 million in net flows, the following days saw a significant trend reversal. Daily outflows increased, with large amounts being withdrawn from various Ethereum ETF products. For example, Grayscale’s