The XRP court case may be seeing an end soon as Judge Torres has officially scheduled dates for remedies discovery and briefing between Ripple Labs and the US SEC. Ripple Lawsuit Enters Remedies Discovery Phase United States District Judge Analisa Torres has set dates for remedies discovery and briefing in the lawsuit between the United
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BlackRock and NASDAQ have outlined why the SEC needs to approve the investment company’s new spot Ethereum exchange-traded fund (ETF) filing. According to the filing with the SEC, approval of a Spot ETH ETP would represent a major win for the protection of U.S. investors in the crypto asset space. If approved, the iShares Ethereum
Cryptocurrencies are the second most popular type of asset for investments among the adult French population, according to a survey by the Organisation for Economic Co-operation and Development (OECD) and published by France’s principal financial regulator, the Financial Markets Authority (AMF, on Nov. 13. According to the survey, 9.4% of the French population holds crypto
Ethereum account abstraction advocate John Rising has shared some “sobering” numbers showing overall ERC-4437 adoption has been far from ideal. In a Nov. 14 post on X (formerly Twitter), Rising shared data points that showed ERC-4337-enabled smart accounts suffered a decline in users, low transaction activity and poor operational costs for core infrastructure providers. The
Crypto exchange Crypto.com’s Dubai entity was granted a Virtual Assets Service Provider (VASP) license by the city’s regulator, pending operational approval. In a Nov. 14 press release, Crypto.com said that once fully approved by Dubai’s Virtual Assets Regulatory Authority (VARA), its local business CRO DAX Middle East FZE can offer retail and institutional investors exchange,
Gresham’s law, explained Gresham’s law has historically influenced the circulation of currency and continues to impact economic behavior by addressing how individuals prioritize different forms of money. Gresham’s law is a principle in economics that states that when two different forms of money are in circulation, individuals typically spend or trade the money they believe
The price of a memecoin drawing its namesake from Elon Musk’s artificial intelligence project “Grok” plummeted over 70% after blockchain sleuth ZachXBT alleged the token’s social media account was recycled from a scam token project. In a Nov. 13 X (formerly Twitter) post, ZachXBT shared screenshots showing various social media accounts and websites tied to
Ethereum (ETH), the second-largest cryptocurrency, has seen a significant price increase over the past month. The recent bullish rush in the crypto market, coupled with BlackRock’s involvement, has pushed ETH to its year-to-date high of $2,139. Ethereum Outshines Bitcoin And Altcoins According to market data provider Kaiko, ETH has outperformed BTC and many altcoins in
Ethereum prices are firm at spot rates, still trading above the $2,000 level, and multiple other factors point to possible trend continuation. According to Kaiko’s data on November 12, not only is the ETH-BTC ratio shifting and reversing after extended periods of lower lows, but also there is a notable uptick in trading volume with funding
While many participants in the crypto space continue to advocate for only a single blockchain, some believe that the future will be made up of multiple blockchains working with each other. From Toronto in 2017 to now, we’ve taken #RippleSwell around the world. I closed out this year’s event with a fireside chat with CNBC’s
Solana’s native token (SOL) experienced a remarkable 58.6% surge in just five days, reaching an $64 high on Nov. 11. However, the subsequent two-day retracement of 11.3% to $54 has prompted investors to question whether this signals a fading bullish momentum or merely a temporary price adjustment. To put Solana’s performance into context, let’s compare
The United States Securities and Exchange Commission (SEC) could approve all 12 pending spot Bitcoin exchange-traded fund (ETF) applications by Nov. 17. Beginning on Nov. 9, the SEC reportedly has a “window” to approve all 12 spot Bitcoin ETF filings, including Grayscale Investments conversion of its Grayscale Bitcoin Trust product. However, even if the SEC
RocketFuel Inc., a global entity known for its comprehensive range of payment solutions including ACH bank transfers, Bitcoin, and other cryptocurrencies, has entered into a strategic partnership with Ripple. This alliance is set to enhance RocketFuel’s existing payment architecture by incorporating Ripple Payments to meet the increasing demand for improved FIAT payment processes for merchants
Bitcoin (BTC) has risen more than 120% year-to-date, indicating that the crypto sentiment has improved significantly. Solid buying has resulted in a sharp increase in crypto wallets holding more than $1 million in Bitcoin this year from 23,795 on Jan. 1 to 81,925 currently, according to BitInfoCharts data. After the substantial rally, Bitcoin could face
Cryptocurrency trading platform Bitget has dropped plans to obtain a Virtual Asset Trading Platform (VATP) license in Hong Kong, citing business and market-related considerations. Bitget officially announced on Nov. 13 that its Hong Kong division, BitgetX, accessible by the domain BitgetX.hk, will cease operations by Dec. 13, 2023. As Bitget decided not to apply for
Major stablecoin issuer Tether has been increasingly minting new USDT (USDT) tokens, issuing 4 billion USDT over the past month. Tether issued another 1 billion of Tether on the Tron blockchain on Nov. 10, the blockchain data provider Whale Alert reported. The latest USDT minting came just a few days after Tether issued another 1
The United States Financial Services Committee (FSC) has scheduled a Nov. 15 hearing for a deep dive into the illicit activities in the cryptocurrency ecosystem. The hearing, ‘Crypto crime in context: breaking down the illicit activity in digital assets,’ will feature prominent crypto entrepreneurs as attendees. According to the Committee’s calendar, Mr. Bill Hughes, senior
Bitcoin (BTC) institutional investment vehicles have seen over $1 billion in new inflows in less than two months. In its latest weekly report on Nov. 13, crypto asset management firm CoinShares furthered the narrative that Bitcoin and altcoins are again attracting capital. Crypto institutional product AUM up 99% year-to-date Bitcoin, Ether (ETH) and some major
Bitcoin (BTC) starts a new week still riding high near $37,000 as macroeconomic data returns to the fore. The largest cryptocurrency continues to circle its highest levels in 18 months, with excitement over a possible exchange-traded fund (ETF) approval in the United States driving sentiment. That is getting increasingly greedy, however, as according to the
Crypto exchange Bithumb plans to become the first digital asset company to go public on the South Korean stock market. Local news outlet Edaily reported on Nov. 12 that Bithumb is getting ready for an initial public offering (IPO) on the KOSDAQ — South Korea’s version of the United States Nasdaq — with an expected
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