The Value of Cryptocurrencies: For more than a month, the cryptocurrency market has shown instability and indecision. This is clear from Bitcoin‘s price holding steady around $70,000. A comparable pattern can be seen in Ethereum, with a 6% increase over the last week. However, XRP and Cardano (ADA) experienced minimal growth of just 1%, while … Read more
The past week in BTC price analysis was filled with excitement, starting with a surge to reach $72,725. However, this unexpected bullish trend came after a drop in price to $64,500 the previous week left investors taken aback. This uneasiness was further fueled by unexpectedly high inflation figures reported in the US through the Consumer … Read more
Michael Sonnessien, CEO of Grayscale, announced lately when their company plans to lower fees for the Grayscale Bitcoin Trust (GBTC). This news surfaces as the fund experiences significant outflows, straining the Bitcoin market. GBTC Fees Will Drop When This Happens A Cointelegraph article stated that Sonnenshein expressed during an interview at Canaccord Genuity’s Digital Assets … Read more
David Schwartz, a top executive at Ripple and the company’s CTO as well as co-creator of XRP Ledger, made some comments in response to a recent video released by Ripple that featured Brad Garlinghouse. The CEO of Ripple explicitly criticizes impostors in a recent statement, who frequently pose as him in videos shared on social … Read more
By mid-April, crypto enthusiasts eagerly await news about the potential approval of a spot Ethereum Exchange-Traded Fund (ETF). Originally predicted for May, expectations are waning due to the prolonged silence from regulators, particularly the SEC. Analysts and experts share their thoughts on the matter, but clear information is scarce. JP Morgan has announced a possible … Read more
A major advancement for the cryptocurrency market: Hong Kong might approve Bitcoin and Ethereum exchange-traded funds (ETFs) as soon as next week, according to Bloomberg’s latest report. This news has sparked enthusiasm among crypto enthusiasts, given the impressive performance of Spot Bitcoin ETFs in the US. Furthermore, the update highlights Hong Kong’s determination to strengthen … Read more
The Second Circuit Court of Appeals declined to revisit its ruling in the SEC versus Govil case, dealing another blow to the U.S. Securities and Exchange Commission in their ongoing legal battles within the cryptocurrency sector, specifically for Ripple. Stuart Alderoty, Ripple‘s top legal executive, points out the string of losses the SEC has experienced … Read more
In an significant development in the realm of financial regulation law, Ripple‘s Chief Legal Officer (CLO), Stuart Alderoty, has shared news of a pivotal court ruling by the Second Circuit Court of Appeals regarding the SEC and Govil case. This decision centers around the authority of the SEC to demand disgorgement, a key enforcement mechanism, … Read more
The Ethereum network is scheduled to release an major update towards the close of 2024 or the beginning of 2025. This update is anticipated to revolutionize the way we interact with Ethereum wallets and significantly enhance user experience. As per blockchain developers Tim Beiko and DeFiLIama, the foundation of this upgrade lies in the accepted … Read more
A study conducted by Christine Kim at Galaxy Digital found that there are common misunderstandings among Ethereum users about the economic security of the Ethereum blockchain. In a survey, participants were asked to estimate the amount of ETH needed to secure the network. The results showed that many underestimated the potential risks of an attack. … Read more