Ripple, a company based in San Francisco, has submitted its argument against the proposed actions of the U.S. Securities and Exchange Commission. Recently, the SEC filed a lawsuit against Ripple with a demand for an injunction, civil penalties, and the return of ill-gotten gains worth approximately $2 billion. Known primarily for its connection to XRP … Read more
In the ongoing XRP lawsuit between Ripple and the US Securities and Exchange Commission (SEC), Ripple has submitted its response to the SEC’s request for penalties totaling almost $2 billion and entry of final judgment. Instead, Ripple proposes a fine of up to $10 million as a reasonable alternative. Filed on Monday, Ripple’s 186-page opposition … Read more
The addition of Runes tokens to cryptocurrency exchanges like Gate.io, based in the Cayman Islands, has caused a flurry of interest among investors and traders. In response, Gate.io swiftly listed three early-released Runes tokens against Bitcoin. This quick action tapped into the instant market demand generated by the launch of the new fungible token standard. … Read more
On Monday, April 22nd, BlackRock’s IBIT Bitcoin ETF saw another $19.4 million poured in, marking its 70th consecutive day with inflows since its debut. This impressive run places IBIT among the top ten ETFs with the longest streak of daily investments. BlackRock Bitcoin ETF IBIT Shines To date, BlackRock’s IBIT Bitcoin ETF holds over $15.4 … Read more
Today, the leading cryptocurrency prices showed contrasting trends. Bitcoin (BTC) price spiked above $66,000, while Ethereum (ETH) took a step back and fell short of the $3,200 mark. Among other significant altcoins like XRP and Solana (SOL), we saw remarkable rebounds, but Cardano (ADA) experienced a minor dip. Major Crypto Prices Today 1. Bitcoin Price … Read more
According to recent information, Venezuela’s government-owned oil company PDVSA is taking steps to boost the adoption of digital currencies and stablecoins such as Tether (USDT) for its crude and fuel sales in response to increasing U.S. sanctions against the country. PDVSA Mulls Use of Tether USDT Recently, the US Treasury Department requested that both customers … Read more
A legal notepad bearing the phrase “Buy Bitcoin” has gained considerable interest and bids, reaching almost $140,000 in an ongoing internet auction, according to Bloomberg’s reports. Janet Yellen’s ‘Buy Bitcoin’ Sign Sparks Auction Frenzy An influential call to action for crypto supporters became well-known when it was shown behind Janet Yellen, a previous Fed chair, … Read more
Mt. Gox, one of the earliest Bitcoin exchanges with approximately $9 billion worth of Bitcoins in its possession, has initiated the procedure for returning funds to its creditors. On April 22, some affected parties reportedly began receiving notifications regarding their claims. Mt. Gox Creditors Receive Updates Over their Bitcoin Holdings Creditors of Mt. Gox have … Read more
Miners have responded to the completion of Bitcoin‘s fourth halving by adjusting their total hashrate accordingly. Bitcoin 7-Day Average Hashrate Hit New All-Time High Recently Every so often, Bitcoin undergoes a process called halving, where the rewards given to miners for successfully adding new blocks to the network are reduced by half. Approximately every four … Read more
On April 22, Willy Woo, an on-chain expert, pointed out that the longstanding competition between gold and Bitcoin is shifting. For over 6,000 years, gold has been considered a valuable asset due to its scarcity. However, advancements in mining technology have significantly increased production rates in recent decades, weakening its scarcity argument. Gold Versus Bitcoin: … Read more