Gemini confirmed it now accepts XRP deposits after days of speculation driven by a cryptic post on its verified X account. The post, a thinking face emoji, was made in response to a question by crypto journalist David Gokhstein, who wondered whether Gemini would relist XRP. In its announcement, Gemini clarified that it would initially only accept XRP deposits, but it is working on enabling XRP-related trading pairs in the coming days. The exchange also asked its users to...
Read More »Blockchain Discussion Focuses on Development Problems in the U.S.
Rob Nelson – the anchor of Roundtable – recently hosted a discussion about the impacts of global offshore blockchain companies. Is Blockchain Underused in America? The discussion primarily centered on the technology itself and on what countries stand to lose if they allow the competition regarding blockchain to become too fierce from other nations. In his opening remarks, Nelson said: Blockchain technology is so transformative. If we lose it, it’s like we’re...
Read More »Could the SEC Lawsuit End Binance for Good? Analysts Weigh In
Could a crypto world exist without Binance? Many analysts and traders are weighing in on this subject given the world’s largest digital currency exchange is facing a huge lawsuit from the Securities and Exchange Commission (SEC). Could Binance Come to an End? Not long ago, the SEC filed charges against Binance and claimed the company had broken securities laws for many years. It also said Binance had commingled company funds with those of customers. The exchange...
Read More »US SEC Could Dismiss Coinbase Motion Similar to Terraform Labs
CoinspeakerUS SEC Could Dismiss Coinbase Motion Similar to Terraform Labs The SEC's handling of the Green United case offers insights into its potential approach to Coinbase's motion to dismiss, emphasizing the significance of the "major questions doctrine" in cryptocurrency lawsuits. US SEC Could Dismiss Coinbase Motion Similar to Terraform Labs
Read More »The US SEC Might Approve Numerous Spot BTC ETFs at the Same Time, Cathie Wood Thinks
Cathie Wood – CEO of ARK Investment Management – believes the United States Securities and Exchange Commission (SEC) could greenlight more than one spot BTC ETF simultaneously. ARK Invest’s analyst Yassine Elmandjra had quite a different opinion at the end of June, forecasting that the organization (which has also applied with the securities regulator to introduce such a financial product) is the first in line to receive approval. It’s Either None or Many of Them at Once Ark...
Read More »Ripple-backed XRP Price Struggles to Rally towards $1 despite Regulatory Clarity
CoinspeakerRipple-backed XRP Price Struggles to Rally towards $1 despite Regulatory Clarity The XRP market is heavily bolstered by the adoption of Ripple payment products including On-Demand Liquidity (ODL) and RipppeNet. Ripple-backed XRP Price Struggles to Rally towards $1 despite Regulatory Clarity
Read More »Cathie Wood Anticipates Multiple Bitcoin ETF Approvals by SEC
CoinspeakerCathie Wood Anticipates Multiple Bitcoin ETF Approvals by SEC The approval of spot-Bitcoin ETF remains a hot issue of debate among investors, regulators, and financial institutions. Cathie Wood Anticipates Multiple Bitcoin ETF Approvals by SEC
Read More »Coinbase to Judge: Crypto is Baseball Cards, not Stocks
Lawyers for Coinbase Global asked a U.S. judge Friday to dismiss a suit by the Securities and Exchange Commission. They brought the arguments to back up their request. Coinbase lawyers ask judge to dismiss SEC lawsuit The SEC lawsuit filed June 6, alleges the crypto exchange is an unregistered securities broker and exchange. In the motion to dismiss the suit, Coinbase says: “The SEC misreads Howey in asserting that a ‘scheme’ without a contractual undertaking will suffice.”...
Read More »BlockFi’s Disclosure Statement Receives Conditional Approval By US Bankruptcy Court
Bankrupt crypto lender, BlockFi revealed that the US Bankruptcy Court for the District of New Jersey has conditionally approved its disclosure statement. The development essentially demonstrated that the reorganization process of BlockFi continues to make gradual progress eight months after filing the voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code. In an official statement on August 2nd, Mark Renzi – BlockFi’s Chief Restructuring Officer,...
Read More »Shiba Inu (SHIB) Only Major Altcoin in Green as Bitcoin Flatlines on the Weekly: Your Crypto Recap
To say that the price action within the cryptocurrency market this week was underwhelming would be the understatement of the year. Most of the top altcoins are charting losses as Bitcoin’s price remains completely flat for the past seven days. In fact, Bitcoin’s volatility has been so insignificant that on a 10-day average, it’s about to become less than that of stocks and even gold. That’s right – the “highly volatile” Bitcoin that’s unpredictable and “risky” has seen less...
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