South Korea’s ‘Kimchi Premium’ Returns, BTC Prices Up 8% Higher Than Global Average

South Korea’s ‘Kimchi Premium’ Returns, BTC Prices Up 8% Higher Than Global Average

Bitcoin Dominance Dips to 40%, Top Ten Cryptos Siphon BTC’s Market Supremacy

Market Update: Bitcoin Bulls Bounce Back, Dogecoin Slumps, XRP Jumps 18%

Digital currency markets have been regaining some of the losses felt last week as the entire crypto-economy has jumped back over the $2 trillion valuation mark. Bitcoin has risen above the $55k zone, while other digital assets have seen more precipitous gains. Out of the top ten leading crypto assets on Tuesday, XRP and UNI […]

Ripple’s Chris Larsen Believes Bitcoin Dominance Could Fall Over Proof-of-Work’s Energy Consumption

Ripple Labs cofounder Chris Larsen has a bone to pick with bitcoin and crypto networks that leverage proof-of-work (PoW). Larsen’s latest write-up explains that the crypto industry needs to reconsider PoW because of the effects on the environment. The Ripple executive believes that other types of consensus algorithms have been effective at being secure while […]

Bitcoin’s Market Dominance Slides to 50%, While Ethereum’s Valuation Climbs Higher

Bitcoin dominance, the metric that measures bitcoin’s overall market capitalization against all the other crypto asset valuations has dropped considerably in recent weeks. At the end of February, bitcoin dominance levels started sliding downward from 61% to today’s 50%. Meanwhile, from the same point in time ethereum’s market capitalization has increased from 11.8% to today’s […]

Ripple’s Chris Larsen Believes Bitcoin Dominance Could Fall Over Proof-of-Work’s Energy Consumption

Ripple Labs cofounder Chris Larsen has a bone to pick with bitcoin and crypto networks that leverage proof-of-work (PoW). Larsen’s latest write-up explains that the crypto industry needs to reconsider PoW because of the effects on the environment. The Ripple executive believes that other types of consensus algorithms have been effective at being secure while […]

Bitcoin’s Market Dominance Slides to 50%, While Ethereum’s Valuation Climbs Higher

Bitcoin dominance, the metric that measures bitcoin’s overall market capitalization against all the other crypto asset valuations has dropped considerably in recent weeks. At the end of February, bitcoin dominance levels started sliding downward from 61% to today’s 50%. Meanwhile, from the same point in time ethereum’s market capitalization has increased from 11.8% to today’s […]

‘Weird Coins Like DOGE and XRP Spike’- Galaxy Digital’s Mike Novogratz Warns of a Crypto Market ‘Washout’ 

Bitcoin bull and billionaire investor Mike Novogratz has warned about cryptocurrency market volatility in a recent interview stemming from the Barron’s and Marketwatch’s “Investing in Crypto†virtual event series. In general and over the long term, Novogratz is bullish about bitcoin and companies like Coinbase remaining prosperous. Novogratz Warns of a Crypto Market ‘Washout’ Shares […]

‘Weird Coins Like DOGE and XRP Spike’- Galaxy Digital’s Mike Novogratz Warns of a Crypto Market ‘Washout’ 

Bitcoin bull and billionaire investor Mike Novogratz has warned about cryptocurrency market volatility in a recent interview stemming from the Barron’s and Marketwatch’s “Investing in Crypto†virtual event series. In general and over the long term, Novogratz is bullish about bitcoin and companies like Coinbase remaining prosperous. Novogratz Warns of a Crypto Market ‘Washout’ Shares […]

Bitcoin Price Jumps Over the $60K Zone, Crypto Economy’s Market Cap Climbs Above $2 Trillion

Cryptocurrency markets have gathered fresh gains this weekend, as bitcoin’s value spiked above the $60k handle touching $61,222 per unit during the early morning trading sessions on Saturday (EST). Moreover, a number of digital assets saw price jumps as well, as the entire market capitalization of all 9,190 crypto-assets in existence is over $2 trillion […]

XRP Surpassed the $1 Mark After Token Doubled Value in Just Seven Days

The value of Ripple’s XRP token soared to $1.09 on April 6, 2021, making it the first time the crypto has surged past the $1 mark in nearly three years. The token’s new 52 week high has coincided with an altcoin price rally which has seen the value of some tokens surging to new all-time […]

Crypto Economy Nears $2 Trillion, XRP Gains 37%, BTC Dominance Drops to 56%

Digital currency markets have seen some significant gains on Monday as the entire market capitalization of all 8,500+ cryptocurrencies in existence has jumped a few percentages. Bitcoin’s price has spiked a touch over 1.5%, but a number of other coins have seen much larger gains during Monday’s trading sessions. Market aggregators show the crypto economy’s […]

Ripple Partner Mercury FX Accepted Into ‘First Cohort’ of a South African Regulatory Sandbox

South Africa’s Inter-governmental Fintech Working Group (IFWG) recently accepted Mercury FX, a UK-based e-money firm, into the first cohort of its regulatory sandbox. The firm, which harnesses the Ripplenet blockchain, says it wants to demonstrate its technology’s ability “to shorten the money transfer window to only minutes.†Fast and Low Remittances Further, Mercury FX, which […]

SEC vs. Ripple: US Judge Orders Both Parties from the XRP Lawsuit to Hold a Discovery Conference

In a fresh twist to the Securities and Exchange Commission (SEC)’s fight against Ripple Labs, US judge Sarah Netburn has directed both parties to hold “a telephonic discovery conference on Tuesday, April 6, 2021.†The judge’s order directs the parties to discuss a motion to compel filed by Ripple’s lawyers. Motion to Compel On March […]

SEC vs. Ripple: US Judge Orders Both Parties from the XRP Lawsuit to Hold a Discovery Conference

In a fresh twist to the Securities and Exchange Commission (SEC)’s fight against Ripple Labs, US judge Sarah Netburn has directed both parties to hold “a telephonic discovery conference on Tuesday, April 6, 2021.†The judge’s order directs the parties to discuss a motion to compel filed by Ripple’s lawyers. Motion to Compel On March […]

US Judge Denies Request to Add XRP Holders as Intervenors in SEC’s Lawsuit Against Ripple

A U.S. judge has denied the request to add XRP token holders as intervenors in the Securities and Exchange Commission (SEC)’s ongoing case against Ripple. In a ruling made one day after the motion was filed, the judge, Analisa Torres denied the token holders’ request “without prejudice to renewal.†Protecting Interests of XRP holders In […]

Ripple to Dispose Stake in Moneygram Shortly After Announcing End of a Business Relationship

Just a few days after announcing the end of its partnership with Moneygram, the fintech firm Ripple Labs is now moving to dispose of its stake in the listed company. In a filing with the U.S. Securities and Exchange Commission (SEC), Ripple says it has entered into an agreement with Jefferies in which the latter […]

Ripple Settles Legal Dispute With Youtube Over XRP Giveaway Scams

Ripple and Youtube had ended a legal battle initiated in April last year amid allegations related to crypto-related scams. The U.S. blockchain company sued the video platform for negligence in acting against crypto scams that impersonated Ripple. Terms of the Resolution Are Confidential During a Twitter thread, Ripple’s CEO Brad Garlinghouse announced both parties have […]

Ripple’s Asia Pacific Business Flourishing Despite SEC Lawsuit, Says CEO

Ripple chief executive officer Brad Garlinghouse said Friday that the company’s business in the Asia-Pacific region has not suffered from the ongoing regulatory issues in the U.S. Ripple’s Business in Asia and Japan Sees Growth Ripple is facing a $1.3 billion lawsuit from the U.S. Securities and Exchange Commission (SEC). In December, the SEC charged […]

Jed McCaleb Sells $22 Million Worth of XRP, Ripple Cofounder’s Stash Could Run Dry by May

During the last few weeks, the former Ripple executive Jed McCaleb has reportedly been selling millions of XRP tokens and every sale has been monitored by the public. On Sunday, McCaleb dumped another 38 million XRP worth $22 million after selling 95 million XRP last week worth $56 million today. Ripple Cofounder Sells 38 million […]

Cardano Token Pips Dot Into Fifth Place After Price Surges by 85% —Elon Musk Endorsed Dogecoin Sets New All Time High

The Cardano network token has toppled Dot to become the crypto-asset with the fourth-highest market capitalization. This new Cardano position comes after its price surged by more than 85% from $0.35 on February 1 to $0.68 on February 7. With the new price, the token’s market capitalization has now moved from $11 billion to the […]

Rock Legend Gene Simmons Talks Bitcoin: Musician Believes China Is Behind the Ripple Lawsuit, Dollars Are Based on Nothing

The American musician, co-lead singer, and bassist for the rock band Kiss, Gene Simmons, has been very talkative about cryptocurrencies during the last two weeks. Just recently, Simmons sat down with Bitcoin.com’s podcast host, Dustin Plantholt and the two discussed a variety of subjects like the Ripple lawsuit, and why the rockstar thinks cryptocurrencies are […]

Rock Legend Gene Simmons Talks Bitcoin: Musician Believes China Is Behind the Ripple Lawsuit, Dollars Are Based on Nothing

The American musician, co-lead singer, and bassist for the rock band Kiss, Gene Simmons, has been very talkative about cryptocurrencies during the last two weeks. Just recently, Simmons sat down with Bitcoin.com’s podcast host, Dustin Plantholt and the two discussed a variety of subjects like the Ripple lawsuit, and why the rockstar thinks cryptocurrencies are […]

Rockstar and Kiss Bassist Gene Simmons Tells Fans He Bought Bitcoin and Other Cryptocurrencies

In September of 2020, the frontman for the rock band Kiss, Gene Simmons, tweeted a cryptic message about bitcoin with one of the cofounders of the Gemini crypto exchange. Then on Sunday, the Kiss singer tweeted to his 900k Twitter followers that he bought “bitcoin, ethereum, litecoin, and others.†The bassist and co-lead singer of […]

XRP Displaces Polkadot Token After Price Soars 100% in 48 Hours

In a surge reminiscent of dogecoin’s recent rally, the value of the XRP token soared by more than 100% in just 48 hours. After starting the day at $0.29 on January 30, data shows that the token peaking at just above $0.67. At the time of writing, XRP is trading at around $0.66 As shown […]

Crypto Economy Shaves $100 Billion, Digital Asset Markets Recover Some Losses

Digital currency markets have dropped in value during the last two days as more than $100 billion was shaved off the entire crypto market valuation. Bitcoin slid to the lowest point of the year at $28,800 per unit on Thursday afternoon, and a number of other crypto-assets saw significant losses as well. Currently, as digital […]

UK Investment Firm Aims to Block Ripple From Leveraging Liquid Assets, Jed McCaleb Dumps 28.6 Million XRP

Court documents show that the company, Tetragon Financial Group, has filed a lawsuit against Ripple after the firm was charged by the U.S. Securities and Exchange Commission. The court filing indicates that Tetragon and Ripple allegedly made an agreement, and the SEC case deeming XRP as an unregistered security should allow them to get funds […]

Crypto Prices Consolidate, Handful of Altcoin Markets Pop, Bitcoin Accumulation Addresses Rise

The price of bitcoin and a number of digital assets have been consolidating this week, after a number of crypto markets dropped over 25% the week prior. The entire crypto-economy is hovering just below the $1 trillion mark at $987 billion, gaining 1.3% during the last 24 hours. Crypto Asset Markets Consolidate A good number […]

Polkadot Flips XRP to Become the Fourth-Ranked Crypto After Price Spikes 100% in Less Than a Week

Dot, the native token of the Polkadot network, has flipped XRP to become the fourth-ranked token after its price rallied by more than 40% in just 24 hours. Since January 11, the token has now gone up by more than 100% to set a new all-time high (ATH) of $18.06 on January 16. With its […]

Grayscale Investments Terminates XRP Trust Citing Impact of SEC Lawsuit Against Ripple

Grayscale Investments is shutting down its Grayscale XRP Trust and liquidating its XRP holdings in order to distribute cash proceeds to the trust’s shareholders. The firm cited difficulty in converting XRP into U.S. dollars following the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple. Grayscale Axes XRP Trust Grayscale Investments announced […]

Crypto Prices Show Signs of Recovery, Market Analyst Says ‘Bitcoin Remains in a Healthy Place’

Bitcoin and a number of other cryptocurrencies have regained some of the percentage losses they suffered this past Monday, as various crypto assets are up today between 5-25% in value. On Monday, the crypto economy dipped under the $800 billion handle after the entire market cap fell from its trillion-dollar valuation. Today, the overall market […]

Crypto Prices Show Signs of Recovery, Market Analyst Says ‘Bitcoin Remains in a Healthy Place’

Bitcoin and a number of other cryptocurrencies have regained some of the percentage losses they suffered this past Monday, as various crypto assets are up today between 5-25% in value. On Monday, the crypto economy dipped under the $800 billion handle after the entire market cap fell from its trillion-dollar valuation. Today, the overall market […]

Crypto Markets Suffer Heavy Losses, Bitcoin Price Sinks More Than 25% in 24 Hours

Cryptocurrency markets have suffered significant losses during the last 24 hours, as the entire crypto market cap has dropped below a trillion to $823 billion losing roughly 9.9% in value. Since the bitcoin price height on Sunday, January 10, bitcoin’s price plummeted over 25%, seeing the largest price dive of the year. Digital currency markets […]

Ripple’s CEO Addresses Key Allegations by US SEC — Legal Response Coming Soon

Ripple CEO Brad Garlinghouse has addressed some of the allegations made by the U.S. Securities and Exchange Commission (SEC) against his company. He focused on answering five questions on what he calls “unproven allegations†by the regulator. Garlinghouse Says There Is ‘Regulatory Chaos’ in the US In a Twitter thread on his official profile, Garlinghouse […]

Market Wrap: Bitcoin Reaches $40.3K While DeFi Value Locked Inflates to Over $22B

Large trading volumes in the bitcoin spot market are helping push prices upward to a fresh record high. Ethereum-based DeFi value locked is also setting records, with rising crypto values playing a part. Bitcoin (BTC) trading around $39,143 as of 21:00 UTC (4 p.m. ET). Gaining 8.4% over the previous 24 hours. Bitcoin’s 24-hour range: […]

XRP Climbs Back up Crypto Rankings With Near 50% Rise

XRP is shrugging off its recent price woes with a double-digit rise Thursday. The cryptocurrency was trading near $0.35 soon before press time, representing a nearly 50% gain on a 24-hour basis. As a result, XRP‘s market capitalization has increased to $33.88 billion, moving it above litecoin as the fourth-largest cryptocurrency, according to CoinDesk 20 […]

Israeli Regulator Designates Utility Tokens Issued by Companies as Securities

The Israel Securities Authority (ISA) recently ruled that utility tokens issued by companies are securities and, therefore, cannot be classified as assets. The ISA’s decision comes after Israeli tech startup Kirobo sought to convince the regulator that its planned token issuance did not amount to a security offering. Token Value Growth However, in response to […]

Crypto Exchange Voyager to Suspend Trading of XRP

Voyager Digital announced it’s suspending trading in embattled token XRP, becoming the latest cryptocurrency to do so. Voyager said it will suspend trading in XRP, effective Monday, Jan. 18, at 12:00 p.m. New York time. Customers will still be able to maintain custody of XRP on Voyager and make withdrawals after that date. Crypto exchanges […]

Grayscale Investments Clears Out XRP in Its Digital Large Cap Fund

Grayscale has sold all of its XRP holdings to purchase bitcoin, ether, and other crypto assets. In an announcement made earlier today, Grayscale made it known that the firm has sold all of its XRP tokens from the Digital Large Cap Fund. Grayscale Sells Off All XRP Holdings There appears to be more gloom for […]

Market Wrap: Bitcoin Breaks $34K as Ether Futures Interest Jumps $350M in a Day

Higher-than-average spot volume, even for the past month, is helping push bitcoin’s price upward at a time when traders are plowing into ether futures at a quick pace to open 2021. Bitcoin (BTC) trading around $33,987 as of 21:00 UTC (4 p.m. ET). Gaining 8.9% over the previous 24 hours. Bitcoin’s 24-hour range: $29,986-$34,220 (CoinDesk […]

Market Wrap: Bitcoin Breaks $34K as Ether Futures Interest Jumps $350M in a Day

Higher-than-average spot volume, even for the past month, is helping push bitcoin’s price upward at a time when traders are plowing into ether futures at a quick pace to open 2021. Bitcoin (BTC) trading around $33,987 as of 21:00 UTC (4 p.m. ET). Gaining 8.9% over the previous 24 hours. Bitcoin’s 24-hour range: $29,986-$34,220 (CoinDesk […]

Coinbase Sued for Allowing the Sale of XRP

In an interesting consequence of Ripple Labs’ battle with the U.S. Securities and Exchange Commission (SEC), a Missouri man claiming to be a Coinbase client is suing the crypto exchange for selling the XRP token. In a complaint filed in the Northern District Court of California, Thomas C. Sandoval, the St. Louis County-based plaintiff, alleges […]

Ripple to Meet With SEC in First Pretrial Conference on Feb. 22

The first pretrial conference in the U.S. Securities and Exchange Commission’s lawsuit against Ripple for the sale of XRP has been set for Feb. 22, 2021. Ripple and the SEC will meet over video call, according to a court order from the U.S. District Court of the Southern District of New York. In the order, […]

Bitfinex CTO: Tether Is Registered and Regulated Under FinCEN- USDT Not Next Target of the US SEC

The CTO at Bitfinex Paolo Ardoino has pushed back against rumours that the company’s Tether stablecoin may be the next target of the U.S. Securities and Exchange Commission (SEC). The Bitfinex executive insists that the Tether stablecoin, whose market capitalization has now surpassed $20 billion, is a properly registered and regulated crypto. The Alleged Misinformation […]

Ripple Assails the SEC, Claims the $1.3 billion Lawsuit is an ‘Attack on the Entire Crypto Industry Here in the United States’

Ripple has hit back at the U.S. Securities and Exchange Commission (SEC), accusing it of creating more uncertainty and failing in its duty to protect the crypto community. In panning the SEC’s decision to designate its XRP token as a security, the company claims the regulator’s lawsuit against it amounts to an attack on the […]

Market Wrap: Bitcoin Closes 2020 Near Record Highs

The Takeaway: Bitcoin nearly triples its price in 2020 and ends the year close to $29,000 but ether gained 450%. Bitcoin (BTC) trading around $28,963 as of 21:00 UTC (4 p.m. ET), gaining 1.5% over the previous 24 hours. Bitcoin’s 24-hour range: $27,916.63 – $29,280.05 (CoinDesk 20) Bitcoin prices, Dec. 30 – Dec. 31, 2020. […]

Bitfinex CTO: Tether Is Registered and Regulated Under FinCEN- USDT Not Next Target of the US SEC

The CTO at Bitfinex Paolo Ardoino has pushed back against rumours that the company’s Tether stablecoin may be the next target of the U.S. Securities and Exchange Commission (SEC). The Bitfinex executive insists that the Tether stablecoin, whose market capitalization has now surpassed $20 billion, is a properly registered and regulated crypto. The Alleged Misinformation […]

EToro USA Becomes Latest Exchange to Suspend XRP Trading

The U.S. division of Israeli crypto exchange eToro is suspending XRP trading for its customers effective next month. The exchange announced Wednesday it would stop facilitating XRP purchases or conversions for U.S. customers effective Jan. 3, though customers can still withdraw XRP from their eToro wallets to other unaffiliated addresses. It’s he latest crypto trading […]

Ripple Assails the SEC, Claims the $1.3 billion Lawsuit is an ‘Attack on the Entire Crypto Industry Here in the United States’

Ripple has hit back at the U.S. Securities and Exchange Commission (SEC), accusing it of creating more uncertainty and failing in its duty to protect the crypto community. In panning the SEC’s decision to designate its XRP token as a security, the company claims the regulator’s lawsuit against it amounts to an attack on the […]

Market Wrap: Bitcoin Nears $29K While Ether Options Trader Makes Long-Shot Bet

The takeaway: Bitcoin (BTC) trading around $28,775 as of 21:00 UTC (4 p.m. ET). Gaining 7.3% over the previous 24 hours. Bitcoin’s 24-hour range: $26,796.90 to $28,969.90 (CoinDesk 20) BTC above its 10-hour and 50-hour moving averages, a bullish signal for market technicians. Another day, another all-time high in bitcoin as the cryptocurrency changed hands […]

Genesis to Suspend XRP Trading, Lending

Digital currency prime broker Genesis is halting XRP trading and lending in light of the SEC’s lawsuit against Ripple. According to an email sent to clients and shared with CoinDesk, the firm, which is owned by CoinDesk parent company Digital Currency Group, is suspending XRP trading and lending. Clients will have until January 15 to […]

Nomura and Ripple Partner SBI Holdings Support XRP, Reject Token’s Categorization as Security

As XRP continues to plummet in value due to Ripple’s turmoil with the U.S. Securities and Exchange Commission (SEC), the token seems to find some support in Japan, as crypto exchanges in the nation have refused to delist it. Nomura and Key Ripple Partner Keep Supporting XRP, Reject US SEC Claims Per a report published […]

Market Wrap: Bitcoin Down to $26K but Traders Remain Bullish

Few seem to be bothered by bitcoin’s volatility on Tuesday, as the No. 1 cryptocurrency by market capitalization declined to the $26,000 level after its first-ever trades above $28,000 on Sunday. Many market participants are convinced retail and institutional investors will push bitcoin’s price higher after the holiday lull. Bitcoin (BTC) trading around $26,937.67 as of […]

Okcoin and Coinbase to Halt XRP Trading Due to the US SEC Lawsuit Against Ripple

Two major cryptocurrency exchanges joined the XRP trading suspension campaign in the wake of the U.S. Securities and Exchange Commission (SEC) lawsuit filed against Ripple Labs on December 22, 2020. Two Major Crypto Exchanges to Suspend XRP Trading in January 2021 The last week of 2020 started with the announcement of Okcoin, one of the […]

Coinbase to Suspend XRP Trading Following SEC Suit Against Ripple

Coinbase said it will suspend trading of XRP, the cryptocurrency the U.S. Securities and Exchange Commission claimed last week is really a security. Coinbase first listed XRP on its retail-facing platforms in February 2019. Starting now, XRP trading “will move into limit only,†Coinbase wrote. It will be fully suspended on Tuesday, Jan. 19, 2021 […]

Ripple Lawsuit Could Invoke Billions in Losses to ‘Innocent Third-Parties,’ Says Former SEC Commissioner

The crypto community is extremely curious about what will happen to Ripple Labs and the token asset XRP, after the U.S. Securities and Exchange Commission (SEC) recently filed a lawsuit against Ripple and two executives. On December 25, the large cryptocurrency exchange Bitstamp announced delisting XRP for U.S. customers, and a former SEC Commissioner thinks […]

B2C2 Becomes Latest Crypto Market-Maker to Stop XRP Trading: Report

Cryptocurrency market-maker B2C2 halted the trading of XRP with U.S.-based counterparties, effective this past Thursday, following the U.S. Securities and Exchange Commission’s lawsuit against Ripple Labs, according to a report in The Block. Non-U.S. clients can still trade the token but need to pre-fund all short trades, according to The Block report, which cited no […]

Crypto Markets Rebound, BTC Taps Another All-Time High, Bitstamp Drops XRP for US Customers

The price of bitcoin and a myriad of digital currencies have seen some significant gains on Christmas day. Bitcoin touched another all-time price high at $24,662 per coin, while many other crypto assets rebounded from the previous day’s slump. On December 25, 2020, bitcoin (BTC) touched an all-time high (ATH) at $24,662 per coin after […]

Bitstamp to Halt XRP Trading, Deposits in US Due to SEC Lawsuit

Cryptocurrency exchange Bitstamp said it’s halting XRP trading and deposits for all U.S. customers on Jan. 8, 2021, because of the U.S. Securities and Exchange Commission’s recent filing, alleging XRP is a security. Other countries are not affected, Bitstamp said. This story is developing and will be updated. Read also: An SEC Victory in Ripple […]

Market Wrap: Bitcoin Stays in Tight Range but Gains Dominance as XRP Crumbles

The Takeaway Bitcoin (BTC) traded around $23,310 as of 19:00 UTC (2 p.m. ET), slipping 1.3% over the previous 24 hours. Bitcoin’s 24-hour range: $22,644.56 – $23,672.82 (CoinDesk 20) Derivatives market hints at more volatility ahead. With XRP’s sell-off, bitcoin’s dominance of the crypto market increases. Bitcoin prices, Dec. 23 – Dec. 24, 2020.Source: CoinDesk […]

Coinbase, Other Big Exchanges ‘Between Rock and a Hard Place’ on Delisting XRP

What happens when a cryptocurrency once been positioned as a regulator-friendly alternative to bitcoin gets heat from regulators? Exchanges that trade XRP are about to find out. U.S.-based cryptocurrency exchanges have to consider whether to delist XRP in light of a Securities and Exchange Commission (SEC) lawsuit alleging it is an unregistered security issued by […]

Digital Securities Brokers May Not Be Subject to Enforcement for 5 Years, Says US Regulator

The U.S. Securities and Exchange Commission (SEC) issued a statement and is looking for public comment toward the custody of digital asset securities that have been handled by special purpose broker-dealers. The statement from the SEC follows the recent crackdown against Ripple Labs and the subsequent delisting of XRP on various platforms. Ever since the […]

Bitwise Liquidates XRP Position in Crypto Index Fund Following SEC Suit Against Ripple

Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund. The firm acted shortly after the U.S. Securities and Exchange Commission (SEC) sued the token’s alleged creator, Ripple Labs Inc., for conducting an unregistered and ongoing securities offering. “Prior to the sale of the asset on December 22, 2020, […]

XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed

Digital currency markets have seen some volatile action this week and during the last 24 hours following the XRP charges, a number of coins shed a great deal of value. At the time of publication, the entire crypto-economy is valued at $629 billion and because XRP lost so much value, bitcoin’s dominance index has risen […]

First Mover: XRP Plunges 20% as Traders Assess SEC’s Ripple Suit

Bitcoin (BTC) was little changed, with prices appearing unable to hold levels above $24,000. “Bitcoin has moved vertically for a few weeks now and pullbacks will happen,†the Norwegian cryptocurrency-analysis firm Arcane Research wrote Tuesday in a weekly report. The bigger story Wednesday in digital-asset markets was the steep plunge in prices for the payments […]

XRP Token Plunges Nearly 40% Following the Announcement of SEC Charges Against Ripple

Ripple’s XRP has lost almost 40% of its value after the token price dropped from $0.51 on December 21 to $0.31 at the time of writing. The token’s plunge appears to be the result of legal proceedings initiated against Ripple by the US Securities and Exchange Commission (SEC). At the time of writing, the fourth-ranked […]

Market Wrap: Bitcoin Recovers to Nearly $24K; Ether Rides Bitcoin’s ‘Coattails’

Bitcoin’s price recovered quickly from Monday’s small market sell-off, approaching a new resistant level at $24,000 Tuesday. Traders and analysts said it is because demand has continued to rise despite minor negative market movement. Bitcoin (BTC) trading around $23,433.85 as of 21:00 UTC (4 p.m. ET). Gaining 2.64% over the previous 24 hours. Bitcoin’s 24-hour […]

An SEC Victory in Ripple Case Would Render XRP ‘Untradeable,’ Market Pros Say

The market for XRP could quickly dry up, causing prices to suffer, if the U.S. Securities and Exchange Commission (SEC) ultimately prevails in an expected lawsuit against Ripple Inc., analysts and traders said. Ripple’s chief executive officer, Brad Garlinghouse, warned Monday the SEC could file a lawsuit in the near future against his company over […]

First Mover: What People Said About Bitcoin In 2020 (Both Good and Bad)

Bitcoin (BTC) was higher, changing hands just above $23,000 after dropping for two straight days from a record high around $24,300. “The market looks to begin a consolidation phase above $22,000,†according to Matt Blom, head of sales and trading for the cryptocurrency firm Diginex. “Further attempts to drive the market lower are likely to […]

G-Wallet Ushers in New Era With Hybrid Wallet

PRESS RELEASE. G-Wallet, a decentralized crypto platform and wallet provider has revealed a series of updates on its blockchain ecosystem. The updates focus on the development of its hybrid wallets and other features offered by the blockchain platform. G-Wallet is Building a Sustainable and Decentralized Wallet Ecosystem G-Wallet has been developing a hybrid wallet that […]

Market Wrap: Bitcoin Dumps to $21.9K; ETH 2.0 Affected Ether Locked in DeFi

After the past week’s record bitcoin volume for 2020, the price dipped on lower volume. Meanwhile, November’s dip in ether assets locked in DeFi can at least partially be attributed to the Ethereum network’s ambitious 2.0 upgrade. Bitcoin (BTC) trading around $22,843 as of 21:00 UTC (4 p.m. ET). Slipping 5.3% over the previous 24 […]

xSigma Recruits Former Ripple Engineer to Join xSigma DeFi

PRESS RELEASE. ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZKINâ€, “ZK International†or the “Companyâ€), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, today announced that xSigma Corporation, a wholly owned subsidiary of the Company, has appointed Jesse Brauner as […]

Weekend Market Action Sees Bitcoin Touch $24K, $1 Billion in Short Positions Liquidated

Bitcoin and the crypto economy continue to see strong gains, as the price of the leading crypto-asset touched an all-time high on Saturday, December 19, 2020. That morning around 11:45 a.m. EST, bitcoin touched a price high at $24,217, but got pushed below the $24k handle shortly after. The entire cryptocurrency economy is up over […]

Weekend Market Action Sees Bitcoin Touch $24K, $1 Billion in Short Positions Liquidated

Bitcoin and the crypto economy continue to see strong gains, as the price of the leading crypto-asset touched an all-time high on Saturday, December 19, 2020. That morning around 11:45 a.m. EST, bitcoin touched a price high at $24,217, but got pushed below the $24k handle shortly after. The entire cryptocurrency economy is up over […]

Market Wrap: Bitcoin Pushes Past $23.7K While Crypto Locked in DeFi at All-Time High

Bitcoin hits a new high at $23,770 on higher-than normal volume; DeFi’s total value locked has also hit a record on the strength of ether. Bitcoin (BTC) trading around $22,818 as of 21:00 UTC (4 p.m. ET). Gaining 9% over the previous 24 hours. Bitcoin’s 24-hour range: $20,756-$23,770 (CoinDesk 20) BTC below its 10-hour moving […]

Bitcoin’s Value Surpasses $23,700, Critics Claim Its a ‘Bubble,’ Onchain Analyst Says $100K Prices ‘Ridiculously Low’

The crypto economy has gained a massive amount of value during the last few days, as the aggregate market cap of all 7,500+ digital assets is a whopping $640 billion on Thursday. Meanwhile, the largest blockchain in terms of valuation, bitcoin has touched an all-time high of $23,777 rising more than 22% in 24 hours. […]

Market Wrap: Bitcoin Solidly Trades Above $20K; Ether Jumps on Positive BTC, CME’s New ETH Product

Bitcoin has continued trading higher Wednesday after breaking above the $20,000 level during early U.S. trading hours. Meanwhile, with a short supply of bitcoin and a surging demand, traders and analysts are optimistic the oldest cryptocurrency can keep its bull run going for a longer time. Bitcoin (BTC) trading around $20,808.28 as of 21:00 UTC […]

Market Wrap: Bitcoin Tests $19.5K; Ether Options Interest in Doldrums

Bitcoin has been able to hold above $19,000 as it has for the past several days. Meanwhile, the ether options market on Deribit has dipped in December although a block trade strategy in the $600-$800 price range has developed. Bitcoin (BTC) trading around $19,510 as of 21:00 UTC (4 p.m. ET). Gaining 1.6% over the […]