After the United States Securities and Exchange Commission (SEC) filed a new argument to support its summary judgment motion in the widely publicized and prolonged lawsuit against Ripple, the blockchain company’s legal team refused to stay silent and filed its own argument contradicting the SEC’s reasoning. Specifically, Ripple’s lawyer Michael K. Kellogg wrote a response arguing that the proceedings from ...
Bitcoin’s (BTC) recent performance has been nothing short of impressive. After breaking above the key resistance level of $30,000 for the first time since June 2022, the digital currency has continued to climb, registering a staggering 80% year-to-date gain and briefly breaking above $31,000. This has happened despite significant uncertainty in the banking industry and the wider financial markets. The ...
After the news broke out that the bankrupt cryptocurrency trading platform FTX had recovered more than $7.3 billion in cash and liquid crypto assets and its attorney hinted that the crypto exchange could reopen at some point in the future, the FTX Token (FTT) has experienced a significant increase in on-chain activity. Indeed, the on-chain activity of the collapsed company’s ...
As we enter the second quarter of 2023, Bitcoin (BTC) has continued its impressive run, gaining over 80% year to date. This surge in value has sparked renewed optimism around the cryptocurrency, and as a result, the number of Bitcoin millionaires has doubled. Just halfway through April, over 50,000 new Bitcoin millionaires emerged. According to data compiled by Finbold, the ...
ADA, the native cryptocurrency of the Cardano blockchain, has been making waves in the crypto market lately. Despite facing criticism from some quarters, ADA has emerged as one of the strongest high-cap coins around. It’s been surging in value, and some predict that it could soon return to the $1 mark. Cardano may be on the brink of a significant ...
The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users. Estimates do not guarantee end-of-month prices. Dogecoin (DOGE) has made significant progress in recent days, as it gained nearly 10% across the previous week, raising its price to nine cents. However, the positive movements have not yet rubbed off on the cryptocurrency community, which is ...
On Friday, the United States Securities and Exchange Commission (SEC) reopened its consultation on a proposal to broaden the definition of an “exchange” to include cryptocurrency platforms that use “communication protocols” (platforms that use structured methods to facilitate the negotiation of trades between buyers and sellers of securities). The move comes after pushback from the cryptocurrency industry, which is concerned ...
SAN FRANCISCO — After the stabbing death last week of Bob Lee, an entrepreneur and creator of Cash App, in a San Francisco neighborhood popular among technology workers, prominent tech executives including Elon Musk tore into the city’s leaders. Matt Ocko, a venture capitalist, said San Francisco officials had Mr. Lee’s “literal blood on their hands.” Others suggested that homelessness ...
Prime Minister Fumio Kishida of Japan was safely evacuated on Saturday after an explosion was heard just before he was scheduled to give a speech, the country’s national broadcaster said. The episode took place late Saturday morning in the western Japanese city of Wakayama, the broadcaster, NHK, reported. Mr. Kishida had been scheduled to give a speech in support of ...
Former President Donald J. Trump provided the first look at his post-presidency business dealings on Friday with a new personal financial disclosure. Though light on specifics, the documents filed with the Federal Election Commission revealed lower-than-expected values on his social media company, two additional hefty bank loans and a new income stream for former first lady Melania Trump. The former president ...
