The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has been a long and drawn-out process, with the trial phase starting in April 2024, more than three years after the initial process began. Despite being in its final stage, the conclusion is yet to be reached. Ripple’s CEO has hinted
Crypto
The recent news of Mt. Gox initiating repayments to creditors affected by the 2014 hack has brought both relief and concern to the crypto market. While Kraken has successfully distributed all the Bitcoin and Bitcoin Cash owed to Mt. Gox creditors, the price of these cryptocurrencies has remained stable. This stability could be attributed to
As Ethereum’s price consolidates above the 100 and 200-day moving averages, it indicates a bullish trend in the market. The breakout above the critical 100-day moving average at $3,354 led to a period of sideways fluctuation, showing an equilibrium between buyers and sellers. The launch of spot ETH ETFs has brought upward momentum targeting the
Shiba Inu (SHIB) has been experiencing a rough patch in the past week, with its price plummeting by approximately 13%. Analysts have suggested that the downtrend may continue in the short term, as the cryptocurrency struggles to maintain its valuation. One analyst pointed out that as long as SHIB remains within the $0.0000185-$0.0000164 range, it
As the launch date for several spot Ethereum ETFs approaches on Tuesday, the cryptocurrency community is cautiously optimistic about the potential impact on Ether’s price. Despite initial excitement following the approval of the 19b-4 rule in May, Ether has seen a downward trend, leading to increased uncertainty and speculation in the market. Sensitive Market Dynamics
In early July, the Coinbase premium turned positive after a period of concern following a dip in mid-May. Research from Kaiko suggests that this shift could indicate a resurgence of institutional interest in Bitcoin. The Coinbase premium, which measures the difference between hourly bitcoin prices on Coinbase’s BTC-USD pair and Binance’s BTC-USDT pair, is a
The largest spot Bitcoin ETFs in the US have seen positive inflows recently, but the price of Bitcoin itself experienced a significant retracement. Despite reaching close to $67,000 once more, the primary cryptocurrency had a tumultuous journey in the past few days. It failed to sustain above $65,000, slipped to $63,000, rebounded to $67,500, and
The past week has been quite eventful for the cryptocurrency market, with Bitcoin leading the charge. Despite not being the top performer, Bitcoin surged by an impressive 11% over the past seven days. The price chart shows a steady upward trend since July 14th, with BTC trying to break the $68K level but facing resistance
Bitcoin, the leading cryptocurrency, is currently experiencing a surge in price that has caught the attention of crypto investment firm Mechanism Capital. Andrew Kang, the co-founder of Mechanism Capital, recently took to Twitter to share his thoughts on Bitcoin’s unexpected strength in the market. Despite facing challenges in market structure dynamics earlier in the month,
In the ever-evolving world of cryptocurrency, there has been a surprising trend in 2024 – the rise of dog-themed meme coins. Coins like Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu (FLOKI), and dogwifhat (WIF) have garnered significant attention and investment, leading to substantial growth in their market capitalization. The popularity of dog-themed meme coins can
