The ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has taken a significant turn. On October 2, 2023, the SEC filed a notice of appeal to contest the landmark ruling made by Judge Torres earlier this year, which stated that the secondary sales of Ripple’s XRP token do not
Crypto
The cryptocurrency market is no stranger to volatility, and recent events in the Middle East have exemplified how geopolitical tensions can lead to swift and significant price movements. Following an Iranian missile strike on Israel on October 1, Bitcoin experienced a staggering plunge of nearly $4,000 in just 24 hours. Starting at over $64,000, Bitcoin
On September 30, the cryptocurrency landscape painted a grim picture, with major players like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) experiencing losses. The general sentiment across the market was bearish, particularly with meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) undergoing significant declines. Amid this downturn, Ripple’s XRP emerged as an anomaly,
In a significant move to regulate the burgeoning cryptocurrency market, Taiwan’s Financial Supervisory Commission (FSC) has unveiled a policy that allows qualified professional investors to invest in foreign exchange-traded funds (ETFs) linked to cryptocurrencies. This development is crucial in a landscape marked by volatility and complexity inherent in digital assets. By restricting access to these
In recent months, the cryptocurrency landscape has increasingly attracted malicious actors who exploit the burgeoning digital asset space. A significant incident that underscores this issue occurred when WalletConnect issued a stark warning regarding a counterfeit application that had found its way onto the Google Play Store. This app, masquerading as a legitimate tool for connecting
The cryptocurrency market is known for its volatility and rapid price shifts, and recent events surrounding Bitcoin (BTC) provide a clear illustration of this phenomenon. On September 27, Bitcoin momentarily reached a noteworthy price of $66,500, sparking optimism among investors. However, instead of continuing on an upward trajectory, Bitcoin has since experienced a notable correction,
In the context of a rapidly evolving global economic landscape, the 2024 Tsinghua PBC Chief Economist Forum highlighted the importance of reassessing national strategies regarding cryptocurrencies. Former Chinese Vice Minister of Finance Zhu Guangyao’s remarks shed light on the pressures China faces in an age where digital currencies are gaining traction internationally. Zhu’s recognition of
The digital landscape is increasingly fraught with deception, especially as online gambling platforms proliferate. Recently, Indian authorities teamed up with Binance, the world’s leading cryptocurrency exchange, to take down Fiewin, a supposedly legitimate gaming app that siphoned over ₹400 crore (approximately $47.6 million) from unsuspecting users. This incident not only highlights the vulnerabilities inherent in
The landscape of cryptocurrency is ever-evolving, marked by rapid developments and shifting user interests. A key metric for gauging the vitality of any blockchain network is its number of daily active addresses. This figure provides a window into the level of user interaction and engagement with a given cryptocurrency. Recent analysis by the market intelligence
Recent developments in the cryptocurrency market indicate a robust surge in demand for spot Bitcoin exchange-traded funds (ETFs) among US investors. Throughout the last week, over $1 billion flowed into 11 US-based spot Bitcoin ETFs, marking a significant uptick in bullish sentiment. This surge has rekindled interest in not only Bitcoin but also its counterpart,
