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
Crypto
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
Bitcoin, after reaching an all-time high of $52,000 in just two years, seems to have hit a roadblock. Currently trading below this significant psychological threshold, the sentiment surrounding Bitcoin remains optimistic despite this setback. Recent data suggests a distinct pattern of behavior among long-term holders of Bitcoin. These investors have collectively sold about 200,000 BTC
Bitcoin (BTC) has recently reached a milestone by surpassing the $50,000 mark for the first time since December 2021. The cryptocurrency has continued its upward trajectory and is currently trading above $51,900, showing a strong bullish sentiment in the market. The surge in Bitcoin’s price has been attributed to high demand from spot Bitcoin exchange-traded
Genesis Global, a leading digital asset trading firm, has received approval from the bankruptcy court to sell a substantial number of shares in Grayscale Bitcoin Trust (GBTC). This decision, made by U.S. Bankruptcy Judge Sean Lane during a court hearing in New York, grants Genesis the authority to liquidate its holdings, including Grayscale Ethereum Trust
Crypto wallet users are currently facing a new wave of scams that exploit deceptive user interfaces (UIs), according to Hayden Adams, the founder of Uniswap. These scams involve fake clones of Ethereum Name Service (ENS) domains, which are used to deceive unsuspecting users and potentially steal their funds. In this particular scam, fraudsters purchase ENS
The court battle between Changpeng Zhao, commonly known as CZ, and the United States government has taken an unexpected turn. A notice filed in a Seattle court reveals that the verdict, initially expected later this month, will now be delayed until the 30th of April. This extension will undoubtedly prolong the anticipation, anxiety, and speculation
It has been confirmed by lawyers representing FTX that the possibility of restarting the defunct exchange has been officially scrapped. Instead, the company will dissolve completely once all debts have been paid off. The lawyers are confident that full repayment to creditors is an attainable objective, albeit in the form of the dollar value of
In the latest run for Bitcoin, the cryptocurrency has reached a new monthly peak at $48,600. After a period of sideways trading, Bitcoin experienced a surge in price following last week’s volatility. The bulls took control of the market, causing the price to climb above $47,000 by the end of the business week. Over the
Chinese Bitcoin miners have identified Ethiopia as a strategic location for their operations, driven by the allure of affordable energy and favorable climates. With regulatory restrictions in China prompting them to seek alternative options, local Bitcoin miners are now exploring countries that offer low electricity costs and friendly regulations. Among these destinations, Ethiopia stands out
