Despite experiencing a brief uptrend that brought XRP above $0.50, the cryptocurrency has seen a mild decline in the past 12 hours. However, this temporary increase managed to erase XRP’s weekly losses, positioning it as the only top cryptocurrency in the green. Alongside this price movement, there has been a notable surge in open interest
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Recently, ex-convict Martin Shkreli, known for financial-related frauds, shocked the crypto world by admitting his involvement in creating the new Donald Trump-themed token DJT on an X space. This revelation came after suspicions about the token’s legitimacy and accusations of insider trading emerged. The events leading up to Shkreli’s confession began when crypto analytics firm
The rise of Bitcoin-based NFTs in the cryptocurrency market has been remarkable, with the network now ranking third in all-time sales. According to data from NFT tracker CryptoSlam, Bitcoin NFTs have generated a total sales volume of $4.29 billion, surpassing the previous record held by the Ronin blockchain. While Ethereum continues to maintain a dominant
Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, recently shared his insights on the current state of Bitcoin and the broader cryptocurrency ecosystem. He highlighted Bitcoin’s underperformance relative to the broader macroeconomic environment, noting that despite the NASDAQ surging 16% since April 19, Bitcoin has remained relatively flat. Kling’s analysis raises questions
In the midst of significant turbulence within the cryptocurrency market, investors are shifting their focus towards Bitcoin, traditionally seen as the safest asset in the digital currency ecosystem. This shift has led to Bitcoin’s dominance reaching a nine-week high of 57%. While the market is in chaos, Bitcoin has emerged as a beacon of stability,
Growing up in Edo State, Nigeria, surrounded by supportive parents and inspiring siblings, I have always been driven to pursue excellence in everything I do. My journey into the world of cryptocurrency began three years ago, sparked by the success story of a friend who ventured into the crypto market and reaped substantial gains. Intrigued
The announcement that the SEC has closed its investigation into Ethereum 2.0 has brought significant relief to the Ethereum community. Following a letter from Consensys seeking clarity on ETH being classified as a security, the Enforcement Division of the SEC confirmed that sales of ETH are not securities transactions. This decision has had a positive
The US Securities and Exchange Commission (SEC) has expressed concerns about Circle’s stablecoin, USDC, as the company pursues a multi-billion dollar initial public offering (IPO). The regulatory documents obtained by Barron’s highlight the SEC’s apprehensions regarding the classification of USDC and other stablecoins as securities under US law. This is not the first time that
Brazil’s Special Department of Federal Revenue is set to enact new regulations aimed at ensuring compliance from foreign crypto exchanges operating within the country. The tax department will require these exchanges to provide detailed information about their operations, including how they interact with local service providers. Deputy Secretary of Inspection Andrea Chaves emphasized the importance
South Korea’s Financial Supervisory Service (FSS) has been in the spotlight following rumors of the removal of various digital assets from local crypto exchanges. Reports suggested that the FSS instructed registered exchanges like Upbit, Bithumb, and Gopax to conduct evaluations of several tokens on their platforms. This move is in line with the Virtual Asset
