In the ever-evolving landscape of cryptocurrency, market volatility has become a hallmark of trading dynamics. Recently, several altcoins, including Polkadot (DOT), have experienced significant price corrections, exacerbated by rising geopolitical tensions that loom over the global economy. The latest downturn has seen Polkadot’s price plunge to approximately $4.04—a staggering decline of over 14% within a
Crypto
The resignation of Gurbir Grewal, the U.S. Securities and Exchange Commission’s (SEC) Director of Enforcement, on October 11, 2024, comes as a surprise and raises several questions about the agency’s stability and ongoing legal battles. Announced on October 2, Grewal’s exit seems particularly impactful as it coincides with the SEC’s ongoing appeal in its contentious
In a significant move that has stirred the cryptocurrency market, Bitwise has formally registered a trust named “XRP ETF” in Delaware. This development arrives amid a broader conversation about the legitimacy and potential of cryptocurrency assets in traditional investment frameworks. Following the registration, Bitwise promptly submitted an S-1 form to the U.S. Securities and Exchange
On October 2, 2023, the U.S. Securities and Exchange Commission (SEC) made headlines by filing an appeal in its ongoing legal battle against Ripple Labs concerning its XRP token. This appeal seeks to overturn a significant ruling made earlier this year by Judge Analisa Torres, which determined that the secondary sales of XRP do not
The cryptocurrency landscape has been witnessing rapid shifts, especially in the direction of institutional investments. A pivotal moment was marked when Bitwise, a prominent crypto asset manager, filed for an XRP exchange-traded fund (ETF) in Delaware. This development is not just a procedural step; it embodies a greater ambition for broader acceptance and investment in
In a striking example of the evolving landscape of cybercrime, a young man from Lebanon, Indiana, is facing serious repercussions for his role in a significant cryptocurrency theft totaling over $37 million. Evan Frederick Light, just 21 years old, recently pleaded guilty to charges of conspiracy related to wire fraud and money laundering in a
In the unpredictable realm of cryptocurrency, Bitcoin has once again demonstrated its sensitivity to global events. Following the Iranian missile strike on Israel on October 1, Bitcoin’s price experienced a dramatic decline, plummeting nearly $4,000 within a 24-hour timeframe. Initially trading just above $64,000, it fell to just above $60,000, before making a slight recovery
In recent years, the cryptocurrency landscape has experienced significant transformations, both globally and within China. The 2024 Tsinghua PBC Chief Economist Forum saw former Vice Minister of Finance Zhu Guangyao calling for a critical reevaluation of China’s stance on digital currencies. Notably, Zhu highlighted the shifting dynamics of international policies toward cryptocurrencies, particularly in the
September 30 marked a challenging day for the cryptocurrency market, with major players like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) all experiencing notable declines. Dogecoin (DOGE) and Shiba Inu (SHIB) faced even harsher losses, demonstrating the pervasive bearish sentiment that has gripped the market. Despite this widespread downturn, Ripple’s XRP managed to stand
In a significant move reflecting its cautious approach towards cryptocurrency investments, Taiwan’s Financial Supervisory Commission (FSC) has rolled out a new policy permitting professional investors to engage with foreign cryptocurrency exchange-traded funds (ETFs) via local brokerages. This decision reinforces the government’s commitment to fostering an investment environment that balances innovation with investor protection. The new
