Author: NBTC
Ripple’s CEO Brad Garlinghouse and CLO Stuart Alderoty join the broader crypto community to react to Judge Analisa Torres’ final judgment in the SEC lawsuit. Judge Torres issued the highly anticipated final judgment Wednesday, ending the multi-year lawsuit between the SEC and Ripple. SEC v. Ripple Final Judgment As reported earlier, the U.S. District Judge ordered Ripple to pay a $125.03 million fine instead of the nearly $2 billion requested by the SEC following its violation of federal securities law via its past XRP institutional sales. Also, the court imposed a permanent injunction against future sales to institutions, mandating Ripple…
Cryptocurrency exchange OKX has announced the delisting of a large number of spot trading pairs as part of its ongoing efforts to maintain a high-quality trading environment. Affected pairs will be removed on August 9, 2024. OKX Will Delist Several Spot Trading Pairs OKX has decided to delist the following trading pairs: MSN/USDT, OMN/USDT, REP/USDT, BTC/EURT, ETH/EURT, EURT/USDT, IGU/USDT, PCI/USDT and SLN/USDT. This decision was made after reviewing the performance and listing attributes of these pairs in accordance with user feedback and the OKX Token Delisting/Delisting Guidelines. The delisting process will take place between 11:00 and 11:30 on August 9,…
Bitcoin price fell to a new 40-day bottom of $62,667 on Monday June 24, as institutional investors switch focus towards Ethereum and the roaring stock markets, here’s how BTC price could react in the week ahead. Bitcoin price tumbles below $63k First Time in 40-Days After a negative performance last week, BTC shed more than 150 billion from its market capitalization, accounting for over 12% in losses between June 15 and June 21. Over the weekend, bears further tightened their on the Bitcoin markets, with the pioneer cryptocurrency shaping up for a false start to the coming week. In the…
On-chain data shows that around 4,000 wallets enriched web3 casinos and gambling websites with $5 billion worth of crypto in 2023. Web3 casinos and gambling platforms seem to be making enormous wealth as only 4,000 Ethereum (ETH) wallets deposited $5 billion worth of crypto in 2023 alone, data from Chainalysis shows. The New York-headquartered blockchain forensic company revealed in an Aug. 5 blog post that high-frequency players make an outsized impact on web3 gaming businesses, transacting on average $7,000 worth of crypto. The active web3 casino players’ infographics | Source: Chainalysis While the number of crypto whales engaging with web3…
In a major development in cryptocurrency, Osmosis has seen impressive trading activity since the start of the month. It has witnessed over $282 million in trades across 2.5 million transactions through its front-end platform. This significant volume highlights the platform’s growing popularity and efficiency. Osmosis had over $282M in trades since the start of the month across 2.5 Million txns via the @osmosiszone front-end.Do you know how much these transactions would cost if it were on #ETH? Over $50 Million in fees, which is about 20% of the initial volume 😂Let that sink in pic.twitter.com/Bq9SRca4Tk — Blanco ⚡️ (@wassieblanca) July…
The legal battle between the U.S. Securities and Exchange Commission (SEC) and investment firm Ripple Labs Inc, which spanned almost four years, finally got a final ruling on Wednesday. Now, the question in the minds of many is whether the SEC will appeal parts of the July 2023 ruling. Mixed sentiment from Ripple’s CTO David Schwartz, the chief technology officer (CTO) at Ripple, took center stage in this discussion on Wednesday. A user asked what the probability of a potential appeal is, in response, he said, “Honestly, I have no idea. I can think of good arguments for why they…
The Bitcoin (BTC) price has been consistently declining over the past two weeks, consequently putting the flagship cryptocurrency in the undervalued zone. BTC dipped by 3.2% in the past 24 hours and is trading at $62,300 at the time of writing. Notably, this is the first time in six weeks that the Bitcoin price plunged below the $63,000 mark. The asset’s market cap is down to $1.22 trillion, last seen on May 15. BTC price, RSI and exchange net flows – June 24 | Source: Santiment On the other hand, the daily BTC trading volume surged by 91% over the…
The U.S. Treasury’s new buyback program, introduced last month, aims to enhance liquidity by allowing regular sell-backs of older securities. The program will conduct weekly purchases, with limits rising to $30 billion per quarter, impacting market liquidity and dealer balance sheets. Improved bond market liquidity could influence the cryptocurrency market by drawing investors away from riskier assets. The Treasury’s newly launched buyback program is expected to enhance liquidity in the government bond market. This initiative, which was introduced last month, allows market investors to regularly sell back older and less liquid securities to the Treasury. The next sale is expected…
While Germany’s Bitcoin sales have been one of the hot topics on the agenda lately, the UK has made sales in a different altcoin. At this point, British authorities confiscated the crypto currencies named Monero (XMR) obtained from the crime after the drug dealer selling deadly ‘weight loss pills’ confessed his crime. The UK Food Standards Agency (FSA) sold XMR tokens for British pounds, marking the UK’s first XMR sale. According to the incident, a 28-year-old British citizen named Jack Edward Finney benefited from Monero while selling the illegal drug DNP. After DNP, it was classified as poison by the…
Pro-XRP lawyers speculate that both the U.S. SEC and Ripple will appeal Judge Torres’ final judgment. Following the court’s final decision in the SEC v. Ripple lawsuit, the crypto community has been embroiled in a debate regarding whether the decision would trigger an appeal from any parties. Ripple and SEC Will Appeal Many legal experts, including Attorney Bill Morgan and James Murphy (MetaLawMan), speculate that both sides will appeal. Their prediction is based on the fact that the court’s final judgment ended in a partial victory for each side. According to the decision, the court imposed a fine of $125…