Crypto

The SEC’s Stance and XRP’s Response XRP has recently garnered attention due to the US Securities and Exchange Commission (SEC) filing an interlocutory brief, indicating its plan to appeal a ruling by Judge Analisa Torres. This ruling stated that XRP might not be classified as a security when sold in the secondary market. This appeal […]

A Market in Stasis On August 14th, Glassnode, a renowned on-chain analytics provider, released its weekly market update. The findings were stark: the Bitcoin market is currently characterized by “extreme apathy and exhaustion.” The report highlighted that both volatility and several pivotal on-chain indicators have plummeted to their lowest ever. A particularly noteworthy observation was

Trump’s Ethereum Disclosure Donald Trump, the former US President, has recently disclosed that he possesses Ethereum (ETH) valued between $250,000 and $500,000. This revelation came from Trump’s 2023 OGE financial disclosure documents which highlighted an entry termed as a “Cryptocurrency Wallet (Ethereum).” The origins of this crypto wallet can be traced back to the sale

The Allegations Surface Earlier this week, the US Commodity Futures Trading Commission (CFTC) announced that it had lodged a complaint against four individuals and their unincorporated entity, Fundsz, for orchestrating a fraudulent scheme involving precious metals and digital currencies. The accused are Rene Larralde, Brian Early, Alisha Ann Kingrey, and Juan Pablo Valcarce. These individuals,

A Modern Approach to Humanitarian Aid The Singapore Red Cross, a prominent humanitarian aid and community services charity based in the bustling Asian city-state, has recently opened its doors to donations in the form of digital currencies. This significant move was made possible through a collaboration with the crypto payment gateway, Triple-A. The charity has

The Arrest and Allegations Jinwook Shin, the CEO of the cryptocurrency exchange Bitsonic, was taken into custody by South Korean authorities on August 7th. The arrest stems from allegations that Shin embezzled investments and deposits from the exchange’s users. Reports from the South Korean news agency, Chosun Biz, suggest that Shin manipulated cryptocurrency prices and

A New Dawn for Brazil’s Financial Landscape The central bank digital currency (CBDC), a project by Banco Central do Brasil, is slated for a 2024 launch. This initiative aims to enhance the financial services sector within Brazil. Interestingly, Brazil isn’t alone in this endeavor. Global players like China, Russia, Japan, Australia, and the UK have

The Anticipation of Bitcoin’s Next Bull Market The crypto community is buzzing with speculations about Bitcoin’s next bull market. With Bitcoin’s halving event approaching, some analysts believe the next bull market could be just around the corner. This sentiment comes after months of market consolidation, with Bitcoin struggling to surpass the $30K mark. On August

The Controversy Surrounding Tether’s BTC Ownership In recent developments, Tether, the issuer of the USDT stablecoin, reported in its latest quarterly statement that it possesses approximately $1.6 billion worth of Bitcoin (BTC), positioning it as the 11th largest Bitcoin holder. This claim was further supported by crypto researcher and data analyst Tom Wan, who pinpointed

Bitcoin’s Brief Surge and Retreat Bitcoin, the leading cryptocurrency, recently experienced a brief surge, reaching a high of approximately $30,200 on Binance. This surge was short-lived as the price couldn’t sustain above the $30K mark. Despite the bulls’ efforts, sellers managed to keep the cryptocurrency below this significant resistance level, both from a technical and