Crypto CEO Identifies Event That Could Spark An XRP Rally To New ATHs

Crypto founder Matthew Dixon has made a bullish case for XRP, highlighting the factor that will cause the crypto token to experience that parabolic rise. A price rally for the crypto token looks well overdue, considering how it has continued to lag behind the broader crypto market.  Related Reading: Transaction Fees To The Rescue! Bitcoin

Tron DeFi On Fire: Ecosystem Surges Past $21 Billion Milestone

The Tron decentralized finance (DeFi) space is on fire, exceeding a staggering $21.7 billion in total value locked (TVL), according to recent reports. This surge signifies a robust and flourishing DeFi ecosystem on the Tron blockchain. However, investors should be aware of a potential short-term dip in the price of Tron’s native token, TRX. Related

Billionaire Mark Cuban Slams SEC Chair, Calls For Crypto Legislation

American billionaire Mark Cuban has criticized Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), in regards to the agency’s forceful regulatory approach towards the crypto industry. The highly esteemed television personality and crypto advocate has also emphasized the need for clear crypto legislation in a direct message to the US Congress. Related

Coinbase’s Motion For Interlocutory Appeal Should Be Rejected, SEC Argues

The United States Securities and Exchange Commission (SEC) has responded to Coinbase’s recent motion, as the legal battle between the regulator and the prominent cryptocurrency exchange heats up. The US-based exchange filed an interlocutory appeal in April after a judge denied its request for case dismissal. In June 2023, the SEC sued Coinbase, the largest

Bitcoin ETFs Soar As 3rd Largest US Bank Reveals Ownership In New Filing

In a notable development highlighting the increasing interest of traditional financial institutions in Bitcoin (BTC), Wells Fargo, the third-largest bank in the United States, has revealed its exposure to spot Bitcoin ETFs.  The US Securities and Exchange Commission (SEC) approved the regulated index funds in January, allowing institutions like Wells Fargo to invest in the largest

Ethereum Gas Fees Plunge To Lowest Since 2020: Is This The End Of High Costs?

In a significant development for Ethereum, the average gas fee on the network has dropped to 6.8 Gwei, marking the lowest level since January 2020, as shown by YCharts. This decrease in gas fees has made all on-chain operations, including asset swaps, cross-chain bridging, and non-fungible token (NFT) minting, considerably more affordable for users. Dencun

Ethereum Is Down 30% From 2024 Highs: Why Is This Analyst Super Bullish?

While Ethereum struggles to regain the Q1 2024 momentum, currently tethered close to the psychological $3,000 level, one trader remains bullish. Taking to X, the analyst posts several reasons to negate concerns by skeptics even with the coin trading 30% from March 2024 highs when prices broke above $4,000. By this take, doubts about future gains could

BlockFi Announces Complete Website Shutdown, Selects Major Exchange For Fund Withdrawals

BlockFi, a centralized crypto lender, recently shut down its web platform and selected Coinbase as its distribution partner for customer fund withdrawals. The move comes as BlockFi aims to ensure a swift transition for eligible customers following the closure of its platform. BlockFi Selects Coinbase As Exclusive Partner According to the company’s press release on

Cardano Founder Unleashes Fury: Biden Administration Is ‘Destroying’ Crypto

The landscape of the United States’ cryptocurrency industry is embroiled in a fierce showdown between the Biden administration and industry stakeholders, with far-reaching implications for both the sector’s future and the nation’s political dynamics. Related Reading: Transaction Fees To The Rescue! Bitcoin Miners Find Solace In Network Activity Hoskinson’s Warning: A Vote Against Crypto Leading

XRP Price Prediction: Crypto Pundit Predicts 46,900% Breakout To $246, Here’s How

A crypto analyst has predicted a mega-bullish rally for the XRP price, the native token of the XRP Ledger (XRPL). Using trend lines, a technical analysis tool used to identify the direction in which a cryptocurrency’s price is moving, the analyst has projected a breakout to $250.  Analyst Predicts XRP Is About To Go Parabolic

Jack Dorsey Predicts Bitcoin Boom to $1 Million by 2030: What’s Driving His Bold Vision?

Jack Dorsey, the former CEO of Twitter and a well-known figure in the tech and cryptocurrency sectors, recently shared his view that Bitcoin could reach $1 million by 2030. His prediction is part of a broader bullish outlook on the pioneer cryptocurrency, suggesting that its value could continue to climb even after hitting this milestone.

Crypto Nonprofit Launches New PAC To Support Industry-Friendly US Congress Candidates

The November US elections could become a major event for the crypto industry as the government’s crackdown on the sector has created an unclear and uncertain landscape for investors and businesses. As such, voters and crucial figures are taking presidential and congressional candidates’ stances on the sector as a defining factor to consider. Recent reports

Dogecoin Whales Shake The Market With 265 Million DOGE Buy, Can They Send It To $1?

Dogecoin holders are accumulating DOGE tokens amidst the recent price dip from $0.1686 to $0.1423. DOGE recently went on a price surge to cross above the $0.168 price level on May 6 to push 5.21 million addresses into profitability. However, the cryptocurrency reversed and went on a little correction throughout May 7. According to on-chain

Crypto Exchanges Experience First Decline In Trading Volume In 7 Months: Implications Explored

According to a recent Bloomberg report, trading volume on major cryptocurrency exchanges experienced a significant decline in April, marking the first drop in seven months.  This decline coincided with a retreat in the price of Bitcoin, which had previously hit a record high of $73,700 on March 14th and then hit a monthly low of

Whale On The Move: $18 Million Ethereum Withdrawal Triggers DeFi Frenzy

The Ethereum (ETH) market is buzzing with activity after a whale (an investor with significant holdings) made a splash by withdrawing a whopping $18 million worth of ETH from Binance, a leading cryptocurrency exchange. Related Reading: Transaction Fees To The Rescue! Bitcoin Miners Find Solace In Network Activity This move, meticulously tracked by blockchain analysis

Crypto And Politics: Cardano Founder Says Don’t Vote This Presidential Candidate

With the US presidential elections fast-approaching, industries such as cryptocurrency have been drawn into the discussion as to what it could mean for their future. Cardano founder Charles Hoskinson has also shared his insights on the elections, particularly on the candidates, about what a victory for each candidate would mean for the crypto industry and

Crypto Clash: Kraken Challenges SEC’s Definition Of Securities

Crypto exchange Kraken has intensified its fight against the US Securities and Exchange Commission (SEC) by formally submitting a reply in support of its motion to dismiss the agency’s lawsuit. The filing, dated May 9, 2024, challenges the SEC’s claim that Kraken operated as an unregistered exchange dealing with securities, specifically “investment contracts.” Led by

Move Over Bitcoin, Robert Kiyosaki Advocates For Ethereum Investment

In a recent episode on the popular podcast ‘The Rich Dad Channel,’ Robert Kiyosaki, the author of the renowned book “Rich Dad Poor Dad,” advocated for crypto investments, specifically Ethereum and Bitcoin. The financial expert has shed light on the diminishing value of the United States Dollar (USD), emphasizing the potential onset of a market

Ethereum Spot ETF Dream Dashed? Expert Pessimistic On Approval Prospects

Within the cryptocurrency investment space, there has been much debate and conjecture around the possibility of an Ethereum Spot Exchange-Traded Funds (ETFs). However, in light of ongoing regulatory obstacles, senior Bloomberg Intelligence analyst Eric Balchunas has offered a gloomy view of the products, noting that the firm is now more pessimistic than ever about the

Harvest Plans To Open Hong Kong Bitcoin ETF To Mainland China

Harvest Global Investments, a Chinese fund house and one of the issuers of Hong Kong’s first spot Bitcoin and Ethereum exchange-traded funds (ETFs), has confirmed plans to potentially open these funds to mainland Chinese investors through the Hong Kong Stock Connect. This development could vastly expand the investor base and significantly impact the cryptocurrency market

Binance Slapped With $4M Fine By Canadian Regulator For Violation Of Rules

Binance’s regulatory woes continue to mount as the world’s largest cryptocurrency exchange by trading volume has been fined C$6 million ($4.4 million) by Canada’s financial regulator, FINTRAC.  The penalty was imposed due to Binance’s alleged failure to comply with money-laundering protections, specifically related to registering as a foreign money services business and reporting virtual currency

US House Opposes SEC’s Crypto Policy With New Resolution

The US House of Representatives has voted for a resolution to overturn the Securities and Exchange Commission (SEC)’s 2022 bulletin on crypto custodian accounting. US President Joe Biden released a statement opposing the resolution and revealing a possible veto if the bill passes the Senate. Related Reading: Donald Trump Champions Crypto: ‘I’m Good With It,

Independent Crypto: Bitcoin & Ethereum Show Little Correlation To Trad Markets

Data shows that Bitcoin and Ethereum correlate little to traditional markets, implying that cryptocurrency is forging its destiny. Bitcoin & Ethereum Have Been The Master Of Their Fates Recently According to data from the market intelligence platform IntoTheBlock, the correlation between BTC and ETH with traditional markets and commodities has been close to zero recently.

$300M Scandal Rocks Binance: Fired Investigators Accuse DWF Labs Of Manipulative Trading

Binance, one of the world’s largest cryptocurrency exchanges, has come under scrutiny after a Wall Street Journal report revealed that the platform fired its top investigators following their allegations of wash trading involving a top VIP client, DWF Labs.  Binance Refutes Wash Trading Allegations The report alleges that DWF Labs conducted over $300 million in

Shiba Inu Team Issues Critical Warning To SHIB Community Following Major Listing

The Shiba Inu team has issued a crucial warning to its community, alerting them to the presence of fraudulent groups seeking to exploit the trust of SHIB community members for personal gain. This cautionary message from the team arrives as the cryptocurrency scored another significant listing milestone. SHIB Team Cautions Against Scams The Shiba Inu

Will May Make Or Break Bitcoin? Crucial Events To Watch This Month

May brings a series of pivotal events that could significantly influence the trajectory of Bitcoin and the broader crypto market. These events, ranging from regulatory decisions to economic indicators, appear capable of profoundly swaying market dynamics. Related Reading: Bitcoin Slips But These 3 Metrics Point To A Solid, Healthy Bull Market Regulatory And Economic Indicators