The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has been ongoing for quite some time now. It officially entered its trial phase in April 2024, more than three years after the proceedings began. Both parties have been diligently presenting necessary information and documents while adhering to court rules. Despite
Crypto
The second day of trading for the spot Ethereum ETFs took a negative turn as more than $133 million were withdrawn from the largest financial vehicles. This drastic outflow led to a significant drop in the underlying asset’s price, causing a 10% decline in just one day. This unexpected turn of events highlighted the initial
BitcoinOS (BOS) developers recently achieved a groundbreaking milestone in blockchain history by successfully verifying the first-ever zero-knowledge proof (ZKP) on the Bitcoin mainchain. This achievement signifies a major leap forward in the scalability and functionality of Bitcoin, without the need for changes to its underlying consensus code. This milestone, verified at Block 853626, marks the
Cynthia Lummis recently released a report criticizing the Biden administration’s proposed 30% excise tax on the energy consumed by Bitcoin miners. She argues that this tax could have severe repercussions on the growing Bitcoin mining industry in the United States. Lummis contends that the concerns about environmental pollution and risks to the energy grid, which
In early July, the once prominent crypto exchange, Mt. Gox, began the process of repaying creditors who were affected by the 2014 hack. Despite the distribution of Bitcoin and Bitcoin Cash owed to these creditors by Kraken, the price of Bitcoin has not fluctuated significantly, indicating a sense of stability in the market. Concerns arose
The current price of Ethereum has been consolidating above the 100-day and 200-day moving averages, indicating a bullish trend in the market. This consolidation phase follows a period of sideways fluctuation after breaking above the critical 100-day moving average at $3,354. The lack of clear direction in the price suggests an equilibrium between buyers and
Shiba Inu (SHIB) has recently experienced a 13% drop in value over the past week, leaving many investors concerned about its future trajectory. Analysts are divided on whether this downtrend will continue in the short term or if SHIB has the potential to rally in the long term. While some believe that the cryptocurrency is
Upon the launch of the Spot Ethereum ETFs in the United States, Grayscale’s Ethereum Trust experienced a significant outflow of $484 million on the first day of trading. This was largely expected due to the large premium gap that investors were capitalizing on before the ETF transitioned to spot-based trading. The potential loss of around
With the recent approval of several spot Ethereum ETFs and their upcoming trading debut, the cryptocurrency market is abuzz with anticipation. Investors and traders are closely watching how Ether’s price will react to the influx of funds from these newly launched ETFs. Kaiko, a prominent data provider in the crypto space, suggests that the market
The Coinbase premium has recently turned positive, sparking speculation about a potential resurgence of institutional interest in Bitcoin. This shift comes after a period of concern following a dip in mid-May, raising questions about the future trajectory of the cryptocurrency market. The Coinbase premium is a key indicator of institutional sentiment in the cryptocurrency market.
