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BONE, SUI Soar 20% Weekly, BTC Stagnates at $26K Again (Weekend Watch)

After the late-business week pump and dump that drove BTC to a six-day high, the cryptocurrency has returned to $26,000 as it did during the last weekend as well. Most altcoins are also calmer today, with XRP and SHIB standing out as the top performers from the larger-cap ones. BTC Back to $26K August 17 became one of the worst trading days for bitcoin this year when the primary digital asset plummeted by over $3,000 to register a two-month low of just over $25,300. It...

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Stablecoin Pegged to the Colombian Peso Targets Multi-Billion Dollar Market

Although the lion’s share of the stablecoin market is occupied by USD-pegged assets – with a smaller subset of such pegged to the euro – companies all over the world have started launching stablecoins pegged to their native currencies in a bid to offer companies and consumers an alternative to traditional payment services. One of these firms is Num Finance, a small Argentine fintech company, which just launched nCOP – a stablecoin built on the Polygon network and linked to...

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Court Rules in Favor of Ripple, Delivers Massive Blow to SEC

As discussed in prior articles, the Securities and Exchange Commission (SEC) and Ripple (XRP) have been fighting it out in court over the last few years regarding XRP’s status as a potential security. Ripple Appears to Have Beaten the SEC The SEC has said in recent statements that the way XRP is structured and the way it was first sold to users makes it a security token. Ripple has long denied these statements, and it seems the judge overseeing the case agrees. In...

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Pepe Coin’s Price Plummets 20% amidst Significant Wallet Movements and Security Concerns

CoinspeakerPepe Coin’s Price Plummets 20% amidst Significant Wallet Movements and Security Concerns In total, more than 16 trillion tokens were moved on Thursday, August 24, which had a noticeable impact on the market. The amount represents 3.8% of the token's total market supply. Pepe Coin’s Price Plummets 20% amidst Significant Wallet Movements and Security Concerns

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Bitcoin Cash Analysis: Recovery Could Be Capped Near $210

Bitcoin cash price started a fresh decline below the $200 zone against the US Dollar. The price is now trading near the $192 zone and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $210 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could start a fresh decline if it stays below the $210 resistance zone. Bitcoin cash price is struggling below the $210 zone against the US Dollar,...

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Bitstamp to End Ethereum Staking for United States Customers

CoinspeakerBitstamp to End Ethereum Staking for United States Customers Although the application of the Howey test to staking Ethereum and many other cryptocurrencies can be complex and subject to different legal interpretations, the SEC insists that staking qualifies as an investment contract under the Howey test. Bitstamp to End Ethereum Staking for United States Customers

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EOS Price Analysis: Upsides Could Be Capped Near $0.625

EOS price started a fresh decline below the $0.625 zone against the US Dollar. The price is now trading below $0.610 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.6145 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $0.615 and $0.625 resistance levels. EOS price is struggling below $0.615 against the US Dollar, unlike Bitcoin....

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