XRP has observed a massive 67% rally during the past 24 hours. Here are some facts on-chain data reveals about this price surge. Several Indicators Have Surged Following The XRP Rally In its latest insight post, the on-chain analytics firm Santiment has looked into the underlying metrics related to XRP as the cryptocurrency has seen
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In the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), the recent order granting in part and denying in part the motion for Summary Judgment by Judge Torres has left many XRP investors eagerly awaiting the next steps. To shed some light on the situation, prominent attorney Jeremy Hogan has
In a recent tweet, Ben “BitBoy” Armstrong, a controversial figure in the crypto community, stirred discussions with a noteworthy projection for the future price of XRP. The excitement began when Evan Luthra, an angel investor and Forbes 30 under 30 award winner, tweeted, “XRP just surpassed BTC trading volume. It’s now the highest trading crypto
Since the summary judgment in the Ripple vs SEC case, XRP has captured the spotlight in the crypto market. Now the fourth-largest crypto by market capitalization, XRP, is currently experiencing a consolidation trend. However, this could just be the calm before the storm as both the activity of large investors aka whales and a developing
Blockchain security firm Quantamp is set to return $28 million raised in a 2017 initial coin offering following charges brought by the United States Securities and Exchange Commission (SEC). The U.S. agency announced that it had formally charged the California-based firm on July 21 for conducting an unregistered initial coin offering of “crypto asset securities”.
Jameson Lopp has been on the front lines of the battle between technologists and those who want to preserve Bitcoin as it is since the scaling debates of 2015–2017. The topic arouses such passion that many suspect it was a disgruntled Bitcoiner opponent who called down an armed SWAT team to his home, leading him
Bitcoin (BTC) traders braced for classic volatility on July 26 as the United States Federal Reserve interest rate decision dawned. BTC/USD 1-hour chart. Source: TradingView “Let the games begin” for Bitcoin — FOMC day arrives Data from Cointelegraph Markets Pro and TradingView showed BTC price action hovering near $29,200. While barely moving since the start
The controversial crypto project Worldcoin was launched for the public on July 24, making way for customers to scan their iris at designated locations in 20 countries and receive 25 Worlcoins (WLD) the native token of the project. The project debuted on the back of 2 million pre-signups but the interest seems to have faded
Big Tech giants Google, Microsoft, ChatGPT maker OpenAI and AI startup Anthropic announced on July 26 they would form a new industry watchdog group to help regulate AI development. In a joint statement released on the Google blog, the companies revealed their new Frontier Model Forum aimed at monitoring the “safe and responsible” development of
Cryptocurrency is deemed property capable of being held on trust, Judge Philip Jeyaretnam of the High Court of Singapore decided in a ruling on July 25. The Judge said he didn’t see any difference between crypto, fiat money or shells, as long as all those objects, physical or not, share value, created by mutual faith
On July 25, the United States Senate backed bipartisan legislation mandating U.S. companies to report any investments in Chinese technologies. In an overwhelming vote of 91 to 6, the Senate supported the amendment to the National Defense Authorization Act (NDAA), which is anticipated to be implemented later in 2023. The amendment will require U.S. companies
The National Crime Agency (NCA) of the United Kingdom is hiring two blockchain investigators for its newly formed Digital Assets Team within the Complex Financial Crime Team (CFCT) to tackle crypto crimes. The job involves overseeing complex investigations involving cryptocurrency and digital assets from a Proceeds of Crime Act (POCA) perspective. POCA relates to the
Concerns of a potential appeal by the United States securities regulator to the landmark Ripple ruling earlier this month were shrugged off by Ripple’s chief legal officer Stuart Alderoty. Alderoty believes if the SEC takes the case to an appeal, the court could move to consolidate Ripple Labs’ partial victory over the financial regulator even
A Tennessee husband and wife are facing charges over “Blessings of God Thru Crypto” — an allegedly fraudulent investment scheme that swindled at least $6 million from over 100 victims in just six months. A July 24 complaint from the Commodity Futures Trading Commission (CFTC) said Michael and Amanda Griffis used the connections they made
The Namibian Government officially signed a law to regulate Virtual Asset Service Providers operating in the country last week, reversing its original 2017 decision to ban cryptocurrency exchanges. On July 21, the VASP-regulating law was inserted into the Gazette of the Republic of Namibia after previously being approved in Namibia’s National Assembly on July 6
The government of Palau is set to begin a pilot project for a United States dollar-backed stablecoin on July 26. The new coin will be issued on XRP Ledger. The country will release the first Palau Stablecoins (PSCs) in the pilot project to government employees. This comes after several days of testing using volunteers to
In the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), the crypto community has eagerly anticipated the SEC’s next move. A pro-crypto lawyer, James Murphy, has outlined four potential options the SEC may consider in response to Ripple’s partial legal victory. Will The SEC File For Interlocutory Appeal Against Ripple?
Josh Gerben, a trademark attorney with Gerben Intellectual Property, has suggested the company formerly known as Twitter could spend upwards of $100 million in dealing with litigation as a result of the X rebranding. In a July 25 X thread, Gerben predicted that lawsuits against X related to trademark infringement could appear in United States
On July 24, Bitcoin (BTC) experienced a flash crash, plummeting to $29,000 in a movement now attributed to significant BTC holders potentially liquidating their positions. Amidst the crash and market uncertainty, Bitcoin’s three major trading metrics continue to project a bullish outlook, signifying that professional traders have not reduced their leverage longs through the use
In the latest episode of “The Market Report,” analyst and writer Marcel Pechman discusses the Worldcoin token launch, why it is controversial, and the differences between it and most altcoins. According to the analysis, investors should take time to understand the project before even considering an investment. Looking at the tokenomics of the Worldcoin token,