During a hearing on July 11, Judge Katherine Polk Failla expressed her disapproval of Coinbase’s attempts to subpoena SEC chair Gary Gensler in the ongoing case against the firm. Failla specifically pointed out that the request included Gensler’s statements before he assumed his role as SEC chair in 2021. Coinbase’s lawyer argued that the company
Ripple
The latest buzz in the cryptocurrency world revolves around Ethereum (ETH) as it takes the spotlight as the top trending token. This surge in popularity can be attributed to the updated S-1 forms filed for spot ETH ETFs by major financial institutions such as BlackRock, Fidelity, VanEck, 21Shares, Grayscale, and Franklin Templeton. The market intelligence
The impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox has significantly stirred market anxiety. This amount, representing 0.68% of the total Bitcoin supply, is slated for distribution among the creditors of the exchange, which ceased operations in 2014 due to a major hacking event. The distribution process has already seen large
The cryptocurrency market has experienced a significant downturn in the past 24 hours, with the total market capitalization dropping to $2.07 trillion, marking an 8.6% decrease. Bitcoin, the leading digital asset, has been hit hard, with its price falling below $54,000 for the first time since February. This sharp decline has had a negative impact
Ripple is leveraging a recent court ruling regarding Binance’s BNB token to push back against severe penalties imposed by the SEC for the sale of XRP, citing the lack of regulatory clarity in the crypto space. The company believes that the ruling on Binance’s case supports their stance that the alleged illegal sales of XRP
SBI Holdings, a notable financial services company based in Tokyo, Japan, has recently joined forces with Ripple to introduce an NFT minting service on the XRP Ledger for the upcoming World Expo 2025. This partnership aims to leverage blockchain technology to enhance the digital experience for Expo attendees. The initiative is part of the larger
Bitcoin has been experiencing a tumultuous period recently, with its price fluctuating after a sharp drop below $60,000 and then struggling to surpass key resistance levels, most notably $63,500. This has created a bearish sentiment among investors, as many anticipate further price declines. Crypto analyst Alan Santana has recently entered the fray with a grim
Ethereum had a tough week, as it fell by 3% and struggled to defend the key support level at $3,500. The downward trend has been clear with the past five weekly candles closing with a lower low. In order to reverse this trend, ETH must push above $3,700 and challenge the resistance at $4,000. Failure
The recent rejection of Bitcoin at $62,000 has sparked a debate within the market regarding the future direction of the cryptocurrency. Bulls and bears are currently engaged in a tug of war, with clashing sentiments leading to uncertainty about the price movement. Crypto analyst DonAlt has made a bold prediction regarding the future of Bitcoin’s
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