Crypto news

TL;DR Speculation about a spot XRP ETF has risen following the approval of Bitcoin ETFs in the US, but the ongoing Ripple/SEC lawsuit poses a significant obstacle. One expert suggests that the launch of the product might be more likely after 2024, pending clearer regulatory guidance. Are There Any Chances? The historic approval of several spot Bitcoin ETFs in the United States has given the XRP army (a term referring to the enthusiastic community of XRP investors and...

Crypto investment platform Abra settled in principle with Texas securities regulators, part of which requires the company to allow its customers to withdraw their assets. Abra was previously accused of deceiving customers and violating securities laws through the offering of its interest-bearing products. Abra to Return Crypto Assets to Investors The Texas State Securities Board (TSSB) announced the settlement with Abra – a company comprising four entities controlled by CEO...

During the pandemic, a new mandate requiring Canadian truckers that carried out trips across the border into the United States to receive the COVID-19 vaccine was wildly unpopular, resulting in what was known as the “Freedom Convoy” protest. Following a decision to protest the measure, truckers blocked the streets of Ottawa with their trucks and were supported in doing so by a significant amount of people both in Canada and abroad. Turning to Crypto Funding In order to...

TL;DR The SEC is seeking Ripple’s financial records for evidence in their legal case. The company has previously secured favorable court rulings, including a decision on the nature of some of its XRP sales. The United States Securities and Exchange Commission (SEC) filed a new motion compelling Ripple to hand over essential documents such as the company’s financial statements for 2022 and 2023 and its post-complaint XRP sales contracts. The regulator argued that those records...

Bitcoin’s retracement has expanded, driven by heightened selling pressure, pushing the price toward a pivotal and decisive support region that includes the critical 200-day moving average and the middle boundary of the ascending channel. The price action within this significant range holds paramount importance in shaping Bitcoin’s future trajectory. Technical Analysis By Shayan Bitcoin Price Analysis: The Daily Chart Upon analyzing the daily chart, it becomes evident that...

Hester Pierce, popularly known as “Crypto Mom,” who serves as a commissioner with the United States Securities and Exchange Commission (SEC), believes the agency would not need a lawsuit or a court ruling to approve pending spot Ethereum exchange-traded funds (ETFs) application. During an interview with community-owned crypto media outlet Coinage, Commissioner Pierce insisted the SEC should not need a court to direct its approach as it would treat spot Ethereum ETFs the way...

The beginning of this week saw a decline in the overall market capitalization of cryptocurrencies, dropping from $1.6 trillion to $1.5 trillion, indicating a day-on-day decrease of over 5%. This market downturn did not spare the native token of the Ethereum-based layer-2 Optimistic Rollup network, OP. Due to the broader market decline, OP incurred weekly losses of over 20%. Despite this, a substantial number of token holders maintained a profitable position. Optimism (OP)...

Cryptocurrency lending platform Nexo is seeking damages worth $3 billion from the Bulgarian government after the latter dropped its criminal investigations against the company. According to Nexo, the investigations allegedly cost the company a major soccer sponsorship deal and a stock market listing in the United States. Nexo Sues Bulgaria for $3 Billion Nexo and its subsidiaries filed an arbitration claim with the International Center for Settlement of Investment Disputes...

Taurus, ein reguliertes Wertpapierhaus, freut sich bekannt zu geben, dass fortan auch Privatkunden TDX, den regulierten Marktplatz für digitale Vermögenswerte und seine Finanzdienstleistungen nutzen können, nachdem die Genehmigung durch die FINMA hierfür erfolgt ist. Neben professionellen Kunden können nun auch Privatkunden ein Konto eröffnen und mit digitalen Vermögenswerten und tokenisierten Wertpapieren handeln. Taurus gibt außerdem eine neue Liste von Emittenten bekannt, die TDX als...

In a remarkable show of market performance, the SEI token, hailing from the Sei blockchain, has seen an astronomical rise of over 1,500% since its introduction in August 2023. This surge culminated in the SEI token reaching a zenith price of over $1 on prime exchanges like Gate.io. The Sei blockchain distinguishes itself as a specialized Layer 1 (L1) platform, engineered precisely for the nuances of cryptocurrency trading. Its acclaim lies in its self-proclaimed...