Crypto news

Ripple Labs and the SEC are in discovery for the remedies phase of the Ripple case until February. Meanwhile, Gary Gensler recently gave a speech in which he quoted the first SEC chair, Joseph P. Kennedy. That’s what started the X skirmish between the Commission and members of the crypto industry. Gary Gensler’s SEC Remarks Irk Ripple Labs In his speech, Gensler touted the original SEC chair’s words as a model for the agency’s ethical behavior as a government regulatory...

The United States has persistently stumbled in delivering clear regulatory guidance for digital assets. The Securities and Exchange Commission (SEC) presides over instruments and assets deemed as securities, while the Commodity Futures Trading Commission (CFTC) regulates the trading of derivatives on commodities. This landscape leaves a regulatory gap for digital assets that defy the categorization of securities or commodity-based derivatives. Amid this regulatory chaos,...

The Dogecoin team made an exciting announcement on X this week, revealing that Astrobotic has scheduled the launch of a physical DOGE to the moon. Notably, the coin will be included in the DHL Moonbox and transported via ULA’s Vulcan Centaur Rocket on December 23, 2023. Dogecoin to the Moon The initiative traces back to a Dogecoin community fundraising campaign initiated in 2015. The cryptocurrency’s journey to the moon is now set to materialize through a collaborative effort...

XRP token prices pared back profits the week ending Sat, Nov 18. After a wild mid-October run-up from $0.49 to $0.72, XRP fell to $0.61 by Sunday morning Tokyo time. Meanwhile, the notorious XRP case attorney John Deaton took to X to remind readers that “XRP is a utility token at its core.” Amicus Lawyer for Ripple Lawsuit Outlines Victory The thing that drove me nuts was that a few career securities lawyers would argue XRP is a security. I would always counter with...

TL;DR Where is BTC Headed? It has been another interesting week for the cryptocurrency industry, especially Bitcoin (BTC). The primary digital asset has experienced considerable price swings ranging between $35,000 and $38,000, while some analysts believe it could go even higher in the following months. Such an example is the popular X (Twitter) user KALEO, who thinks BTC has a chance to soar to $40,000 before the end of 2023. However, they warned that the asset might...

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By Shayan The recent upward momentum in Bitcoin’s price encountered resistance upon reaching the significant $37K mark. However, the market has entered into a consolidation phase, with the price oscillating within the range defined by $37 and $35K. A breakout from this critical range will determine the subsequent trajectory for Bitcoin. The Daily Chart On the daily chart, the substantial uptrend in Bitcoin lost steam after breaking out from the $35K resistance zone and the...

Research conducted by TRM Labs reveals that the growth rate of crypto-denominated fentanyl sales has slowed down in 2023. The first three quarters of the year saw an increase of just under 60% in these sales, a sharp decline from the 155% average growth rate recorded since 2019. TRM Labs Study Shows Slowdown in Crypto Fentanyl Sales According to a study by TRM Labs, the growth of fentanyl sales denominated in cryptocurrency has slowed significantly in 2023. The research,...

The crypto space is constantly evolving, with new ideas and projects emerging now and then. The steady growth is attracting more people and, in turn, giving top names in the industry more influence. Crypto tax software firm CoinLedger has compiled a list of the most popular personalities in the digital asset industry using their respective social media followings as a yardstick. The names were obtained from a list of the 30 most influential people in the crypto sector in...