The ongoing case involving Ripple is a significant topic within the cryptocurrency industry, with potential implications for the price of XRP. Analysts are actively studying technical patterns to forecast potential price points, regardless of the outcome of the SEC lawsuit. One prominent analyst, EGRAG CRYPTO, recently identified a bullish candle formation called the quarterly hammer.
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The cryptocurrency industry experienced a significant milestone in May, with a total of $1 billion in investments reported. Ethereum emerged as the dominant player in these investments, showcasing its strong market presence. Despite facing money laundering accusations, Binance executives had tax evasion charges dropped by Nigerian authorities. This development sheds light on the complex legal
The trading volume of Tether (USDT) on the TRON network has set a new record, reaching a staggering $53 billion. This surpasses the average daily trading volume of payment giant Visa in the first quarter of 2024, which was reported at $42 billion. The comparison to Visa, a global leader in payment processing, underscores the
Political-themed meme coins have recently captured the attention of the crypto market, with tokens like STRUMP, TRUMP, MAGA, BODEN, and TREMP gaining popularity. These coins have become speculative assets tied to the outcome of the upcoming US presidential election, especially with the highly anticipated debate between President Joe Biden and former President Donald Trump on
Bitcoin has seen a notable decline in the price, dropping below the $64,000 mark to reach $63,564. This downward trend has resulted in a 2.5% decrease in the last 24 hours and an overall 12% decline over the past two weeks. Despite this, Arthur Hayes, the co-founder of BitMEX, remains bullish on Bitcoin, advocating for
Ripple, a prominent cryptocurrency company, is facing new legal challenges following a ruling by a US judge in California. The judge approved a lawsuit against Ripple, specifically targeting the company’s CEO, Brad Garlinghouse, for allegedly making misleading statements. The lawsuit alleges that Garlinghouse misled investors into investing in Ripple’s digital asset, XRP, based on comments
Recently, a federal judge in California expressed his inclination to allow the Securities and Exchange Commission’s (SEC) lawsuit against Kraken to move forward. The judge, William Orrick, indicated that he was leaning towards denying Kraken’s request for dismissal. This decision has cast doubt on the exchange’s efforts to have the case thrown out. According to
The US Commodity Futures Trading Commission (CFTC) has reportedly launched an investigation into Jump Crypto, a prominent player in the crypto sector. The reasons for this probe have not been disclosed, but sources familiar with the matter have confirmed the federal agency’s interest in Jump Crypto’s trading and investment activities. Response from CFTC and Jump
The cryptocurrency market has shown signs of recovery in the past 24 hours, with major digital assets such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) experiencing minor gains. Additionally, AI-related coins like Fetch.ai saw significant pumps, boosting investor confidence in these niche sectors within the crypto market. On the flip side, the price of
NVIDIA, a company well-known on Wall Street, has recently taken the lead as the largest company in terms of market capitalization. With a stock price increase of approximately 3.5% in just 24 hours, NVIDIA has shown significant growth throughout 2024. Starting the year at $49.24, the stock has surged by 175%, closing at $135.58 in