The ongoing case between Ripple Labs and the United States Securities and Exchange Commission is currently in its trial phase. This stage of the lawsuit is typically where a resolution is expected, but the timeline for the conclusion remains uncertain. Recent developments have unfolded as of June 27th, shedding light on the progress of the
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Bitcoin has experienced a significant price drop in recent days, falling from the $70K level and approaching a critical support level. The downward trend has been evident on the daily timeframe since the beginning of June, following a rejection from the $72K zone. As the price nears the pivotal $60K support level, there is speculation
In the realm of cryptocurrency, Bitcoin has long been viewed as a key player influencing market trends. Its movements often serve as a primary indicator for other digital assets, setting the tone for the overall market sentiment. However, recent data suggests a shift in this traditional narrative, particularly in the behavior of long-term holders of
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
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
Crypto analyst and trader Tyler Durden has recently expressed his optimistic outlook on the future of Ethereum (ETH). In a post on X (formerly Twitter), Durden stated that Ethereum reaching $10,000 is the “most asymmetric bet” in the world of cryptocurrency. He believes that ETH’s rise to this significant price level is not only inevitable
Recently, ex-convict Martin Shkreli made headlines once again, but this time in the cryptocurrency world. After spending time in prison for financial-related frauds, he took to an X space to publicly announce his involvement in creating the new Donald Trump-themed token DJT. Questions about the token’s legitimacy and accusations of insider trading have been circulating,
Recently, David Hirsh, who served as the Chief of the Crypto Asset and Cyber Unit at the Securities and Exchange Commission (SEC), announced his resignation. After spending nine years with the agency, Hirsh took to LinkedIn to express his gratitude to his colleagues, mentors, and friends for their support. He mentioned that securities enforcement is
Recently, the Ethereum Foundation made a significant transaction involving millions of Ethereum (ETH) tokens. This move raised eyebrows within the crypto community, as transactions by this non-profit organization often have a notable impact on the price of the second-largest cryptocurrency. According to crypto journalist Colin Wu, a wallet associated with the Ethereum Foundation transferred a
Bitcoin has recently experienced a drop to a monthly low of $65,000 on June 14th, marking a 5% decrease from the previous week. Despite this short-term fluctuation, when observing the bigger picture, it is evident that Bitcoin has been consolidating within a narrow range since early March. Analysts have noted that such a period of