The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has been ongoing since December 2020. If Ripple were to lose the case, the implications could be significant, not only for the company but for the entire cryptocurrency market. According to a recent proposal by the SEC, Ripple could face a penalty of
Crypto
The trading volume of Tether (USDT) on the TRON network has reached an incredible $53 billion, outpacing Visa’s average daily trading volume for Q1, 2024. This milestone is significant considering Visa’s status as a global payment processing giant with operations spanning across more than 200 countries and regions. The surge in value and utilization of
In recent months, the cryptocurrency market has seen the emergence of political-themed meme coins, such as Super Trump (STRUMP), Maga (TRUMP), Maga Hat (MAGA), Jeo Boden (BODEN), and Doland Tremp (TREMP). These coins have become speculative assets, with traders anticipating their value to rise or fall based on the outcome of the upcoming United States
Standard Chartered, a British multinational bank, is making waves in the financial world by announcing its plans to launch a trading desk for Bitcoin and Ether. This move positions the bank as one of the pioneers among global financial institutions to delve into spot cryptocurrency trading. The decision comes after engaging with various players in
Bitcoin has long been considered a key player in shaping overall market trends within the cryptocurrency space. The actions of long-term Bitcoin holders have often been used as a barometer for the market cycles, with their decisions to buy or sell influencing the direction of the market. However, in recent months, a notable shift in
The cryptocurrency market is once again experiencing turbulence as Bitcoin failed to maintain its momentum above $66,400 and faced multiple rejections, dropping down to $64,000. This marks the third time in a week that Bitcoin has struggled to break through significant resistance levels. Despite reaching highs of $70,000 just a week ago, the flagship cryptocurrency
In the recent 24-hour period, the cryptocurrency market has shown signs of recovery after experiencing losses in the past few days. Major digital assets like Bitcoin, Ethereum, and Ripple have seen slight gains, while AI-related coins such as Fetch.ai have surged by double digits. Whale Sell-Offs Impact One notable case is the meme coin Beercoin
NVIDIA, a company known for its innovative technology and strong presence on Wall Street, has recently achieved a major milestone. With a substantial increase in its stock price, NVIDIA now holds the title of the largest market capitalization in the world, beating out tech giant Microsoft. This achievement comes after a consistent rise in the
Cryptocurrency exchange Kraken recently faced a significant security breach when an undisclosed white-hat hacker group stole digital assets worth approximately $3 million from the platform’s treasury. The hackers exploited a bug in the system that allowed them to inflate their account balances artificially. Despite the bug not posing a risk to customer funds, it enabled
The recent revelation about Montenegrin Prime Minister Milojko Spajić’s involvement as an early investor in Terraform Labs has raised many eyebrows. Court documents released by the U.S. Securities and Exchange Commission (SEC) showed that Spajić invested $75,000 in April 2018, acquiring 750,000 Luna tokens. Unfortunately, the cryptocurrency project failed in 2022, leading to losses exceeding
