Markets

Ripple’s XRP is undoubtedly one of the most popular cryptocurrencies, with a strong community of devoted supporters and millions of holders. The coin is one of the veterans in the industry and has consistently been a part of the top 10 largest cryptocurrencies by means of total market cap for many years now. However, in December 2020, the United States Securities and Exchange Commission filed a lawsuit against Ripple, alleging that XRP is a security and, therefore, claiming...

After tapping a 10-day high yesterday, bitcoin has lost some momentum but still trades around $27,000. Most altcoins are also with minor losses today, aside from LINK, which has pumped once again and now sits above $8. BTC Uncertain $27K Last weekend was highly uneventful for the primary cryptocurrency, which had recovered some of the Thursday losses and stood mostly at $26,600. Monday was different, though, as the asset fell hard and dipped below $26,000. Nevertheless, the...

Joel E. Cohen, a mathematician and biologist acting as the valuation adviser for Celsius Network through Stout Risius Ross, has verified the accuracy of the fair value of specific assets and liabilities of the debtors. After several months of negotiations and discussions, most Celsius creditors have recently approved a plan that would return around $2 billion worth of Bitcoin and Ethereum to the creditors. This development marks a significant step forward in resolving the...

In a significant development in the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and major cryptocurrency exchange Binance, stablecoin issuer Circle has intervened, asserting that stablecoins should not be categorized as securities under existing financial regulations. This comes after earlier this year, Binance faced several legal accusations from regulators with the charges based on the exchange’s role in enabling transactions in multiple...

Since 2020, the meme coin market has been one of the most interesting crypto phenomena to watch. Currently commanding roughly 1.5% of the entire crypto market cap, meme coins have seen a staggering cumulative trading volume of over $36 billion between 2020 and today. It’s clear to any outside observer that meme coins have cemented their position as a force to be reckoned with. However, as with any hot new trend, the market has become flooded with projects that promise much...

Ripple’s price soared by almost 10% today before retracing to where it’s currently trading at. Now, let’s have a look at what this implies and where it might be headed next. Technical Analysis By Edris Ripple’s price has recently risen, leaving investors wondering if a new bullish trend is on the horizon. However, there is still an important resistance level to overcome. The USDT Paired Chart On the USDT paired chart, the price is breaking above both the 50-day and 200-day...

Crypto firm Matrix Port has stated that it’s Bitcoin Greed & Fear Index is up, suggesting another bull run for the world’s number one digital currency by market cap may be right around the corner. Matrix Port: Bitcoin May Be Heading Up The Index has a long track record of marking trend reversals. As of late, bitcoin has been somewhat stuck in the doldrums, though 2023 has been a year of recovery when compared with the trends of 2022. During that time, bitcoin...

The meme coin market is heating up again, with Pepe (PEPE) jumping 11% in the past three days. The frog-themed token has been rallying this week thanks to renewed interest in the meme coin sector, with Dogecoin (DOGE) and Shiba Inu (SHIB) also in the green. Meanwhile, the presale for the new gaming token Meme Kombat (MK) is gaining momentum – surpassing the $120,000 funding milestone in its first week. Pepe’s Recent Bullish Performance Sparks Investor Interest PEPE is now...

The past seven days were relatively eventful within the cryptocurrency market, especially compared to the previous periods. Almost all of the coins are trading in the green, while the total market capitalization sits at around $1.120 trillion. Bitcoin’s price is currently trading at around 1.1% more compared to where it was this time last week. Clearly, that’s not much of an excitement, isn’t it? Well, the cryptocurrency did have its ups and downs and it seems that we’re...

Binance announced the sale of its Russian entity to a relatively unknown company called CommEX, the transaction of which raised several questions and concerns within the crypto community, primarily due to the limited information available about the company and its ownership. Moreover, CommEX was officially launched on Tuesday. To address these concerns and provide clarity, Binance CEO Changpeng ‘CZ’ Zhao took to X (formerly Twitter) to provide insights into the deal and its...