Markets

Not long ago, Bittrex – a popular digital currency exchange – settled the lawsuit that had been filed against it by the Securities and Exchange Commission (SEC). The financial agency has had it in for the firm (like it has with many others), and the company is now looking to get things done quickly and silently so it can continue its operations without interruption, but a former special trial counsel is saying that the same easy route to ending things likely won’t...

Ripple’s XRP has been one of the most popular cryptocurrencies throughout the last few years, and not without a good reason. The lawsuit between the United States Securities and Exchange Commission and Ripple has been going on for a few years now, and it seems to be entering its decisive stage. The impact it’s had on the price of XRP has been undeniable, as the cryptocurrency failed to produce new highs during what was arguably the biggest bull run so far – during 2021. That...

Bitcoin’s price movements continue to be rather unimpressive but the asset has nevertheless managed to stand just above $27,000. The altcoins have also seen minor gains, with SOL and MKR popping up as today’s top performers. BTC Above $27K Last weekend didn’t go all that positive for bitcoin, as the asset spent it trading sideways at $26,600. The start of the new week was more painful. In a matter of hours, BTC slumped by several hundred dollars and dipped below $26,000....

In a significant stride towards bolstering fan engagement, the Chiliz chain and Socios collaborated with premier league club Tottenham Hotspur to launch the SPURS Fan Token. As per the Chiliz CEO, Alexandre Dreyfus, the recent launch positions Tottenham as the seventh Premier League club to join the burgeoning global sports ecosystem, showing interest in innovation and resilience amidst volatile market conditions. Spurs Token to Redefine Fan Engagement The SPURS Fan Token,...

Oracles serve as bridges between the worlds of on-chain and off-chain, enabling blockchains to tap into real-world information. Whether it’s retrieving crypto asset prices or fetching the outcomes of a soccer game, oracles can access a wide range of external data, which can then be easily incorporated into the crypto ecosystem. While oracles significantly enhance the functionality of blockchain networks by enabling the execution of tasks guided by real-world inputs, exploits...

Binance – the world’s largest and most popular digital currency exchange – may not remain in Europe, according to various analysts. What Will Happen with Binance in Europe? Right now, Binance is being hit from both sides. In the U.S., for example, regulations are coming down hard. The company is the victim of a lawsuit filed against it by the Securities and Exchange Commission (SEC), and it has stated that it may shut down its America-based unit as a means of...

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...