October is becoming an increasingly significant month for several blockchain projects as they prepare for major token releases. Among them are Axie Infinity, Optimism, and Aptos, which collectively will inject over $130 million into the market. Notably, Axie Infinity leads the way with its AXS token, as it plans to release 15.1 million tokens on
Crypto
Ripple’s XRP has gained significant attention and popularity in the cryptocurrency space. However, the ongoing lawsuit between the United States Securities and Exchange Commission (SEC) and Ripple has impacted its price. Despite the lawsuit, analysts have predicted various future price scenarios for XRP. In this article, we will explore some of the most interesting predictions
The Australian Securities and Investments Commission (ASIC) has launched civil proceedings against Bit Trade Pty Ltd, accusing the company of not adhering to its design and distribution obligations (DDO) for its margin trading product. This violation has allegedly resulted in substantial financial losses for customers. The DDO framework was implemented to protect consumers and requires
Today, all eyes are on the hearing between the United States Securities and Exchange Commission (SEC) and Binance, which holds significant implications for the cryptocurrency exchange. The SEC has accused Binance of failing to provide adequate documentation for the case, despite a prior agreement for expedited discovery. BAM, the organization responsible for Binance’s US branch,
Ripple, one of the prominent players in the cryptocurrency industry, has been facing numerous challenges in recent times. The company’s troubles began when the United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs in 2020. The lawsuit alleged that Ripple Labs had conducted an unregistered sale of securities worth over a
Coinbase, a prominent player in the cryptocurrency industry, is currently under scrutiny for alleged improper conduct in U.S. courts. Despite these accusations, the legal representatives of the platform have vehemently denied any wrongdoing and have even requested the dismissal of the case. While institutional investors and policymakers generally view Coinbase and its CEO, Brian Armstrong,
The FTX crypto exchange, which filed for bankruptcy but plans to restart operations, is now looking to recover some of the money it paid to popular celebrities and professional athletes who once promoted the platform. While notable names like Shaquille O’Neal and Naomi Osaka have been mentioned, it is interesting to note that Tom Brady’s
JP Morgan, the prominent American financial services giant, is reportedly developing a new type of token to enhance its cross-border payments and settlements. The multinational firm has made significant progress in establishing the necessary infrastructure for the launch of a deposit token. However, before proceeding, JP Morgan is awaiting regulatory approval from U.S. authorities. The
Crypto lender Celsius Network has taken legal action against EquitiesFirst Holdings by submitting an “adversary complaint” in an attempt to recoup assets from the private lender. The complaint states that EquitiesFirst owes Celsius $439 million, consisting of $361 million in cash and 3,765 BTC as of July 2022. Celsius is seeking injunctive relief and a
In a recent turn of events, Ripple’s price has taken a bearish turn after a period of stable movements. This decline has led to a significant breakdown below a crucial support zone formed by the 200-day moving average. A closer analysis of the daily chart reveals that the drop in XRP price is a result
