Day: July 15, 2023

XRP is not a security, Celsius CEO arrested on criminal charges…

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Top Stories This Week Judge rules XRP is not a security in SEC’s case against Ripple Ripple Labs scored a victory in a district court in New York on July 13, with Judge Analisa Torres ruling partially in favor of the company in a case brought forth by the U.S. Securities and Exchange Commission (SEC) dating back to 2020. According to court documents, Judge Torres granted summary judgment in favor of Ripple Labs, ruling that the XRP token is not a security, but only in regard to programmatic sales on…

‘Multichain was a big blow’, says Andre Cronje as Fantom TVL slumps

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Fantom’s co-founder Andre Cronje classified Multichain’s debacle as a “big blow” to the smart contract platform, which saw a sharp decline in activity in the past weeks as a result of Multichain’s problems.  According to data from DefiLlama, Fantom’s total value locked (TVL) dropped from over $364 million in early May to about $70 million on July 14. At its peak in 2022, Fantom’s TVL topped $7.5 billion. The price of its native coin Fantom (FTM) declined from $0.41 to $0.28 over the same period. “Multichain was a big blow, Cronje…

Bitcoin addresses with over 1 BTC hit ATH as XRP fuels altcoins rally

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Glassnode’s latest on-chain metrics show the number of bitcoin wallets holding over 1 BTC has hit a new all-time high (ATH), indicating investor optimism in the crypto markets. The court decision that XRP is not a security has brought about positive reactions from market participants, as it challenges the Securities and Exchange Commission’s (SEC) stance on token classification.  Ripple CEO Brad Garlinghouse has praised the ruling, asserting that it will likely positively affect other digital tokens…

Binance CEO Tweets Laughing Emoji As Top Crypto Exchange Reportedly Lets Go of More Than 1,000 Employees

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Top global crypto exchange Binance has reportedly axed more than 1,000 employees in recent weeks – and the company’s CEO, Changpeng Zhao, doesn’t seem too concerned about it. A Wall Street Journal report reveals the layoffs, citing a source familiar with the matter. A Binance spokesman confirmed the layoffs to the news outlet but declined to specify the total number of people the company plans to let go. “As we prepare for the next major bull cycle, it has become clear that we need to focus on talent density across…

Ron DeSantis vows to ban CDBCs in the US if elected president

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United States presidential candidate Ron DeSantis once again criticized central bank digital currencies (CBDCs), arguing against the possibility of a digital dollar in the country.  Speaking at the Family Leadership Summit on July 14, DeSantis promised to ban CBDCs in the U.S. if he is elected president. “If I am the president, on day one, we will nix central bank digital currency. Done. Dead. Not happening in this country,” he said during the event in Iowa, which featured six other Republican candidates. DeSantis is a vocal opponent of a digital…

Undervalued ethereum competitor prompts shift in investor sentiment

InQubeta, an AI-based crowdfunding platform, is gaining attention as a potential competitor to ethereum (ETH), leading to a shift in investor sentiment. InQubeta introduces a crowdfunding platform that connects crypto investors with AI start-ups, creating a novel way for investors to participate in AI-driven projects. The platform’s fractional investment model, powered by its native token QUBE, provides investors with transparent and accessible access to the AI market. This approach has attracted retail investors previously limited in their investment options. While Ethereum has long been the leading smart contract platform, InQubeta…

Project roadmap or token price — Which is most important?

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In the latest episode of Market Talks, show host and Cointelegraph head of markets Ray Salmond sat down with Polkadot ambassador and content creator KryptosChain to discuss the current state of the crypto market and drastic changes taking place in the Polkadot ecosystem.  According to KryptosChain, the crypto market is possibly rounding the last corner of the bear market, and across the space, sentiment and money flow are steadily beginning to improve. “Overall, I do think the market sentiment right now is hype-driven, but hopefully, we can change that with enterprise…

Binance customers represented by entity, citing inadequate representation

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A third-party entity named “Eeon” has stepped forward to intervene in the case, representing the interests of Binance’s customers regarding the lawsuit filed by the United States Securities and Exchange Commission (SEC) against Binance. As stated in the filing with the District Court for the District of Columbia, Eeon claims that the SEC and Binance’s attorneys have failed to sufficiently represent the interests of Binance’s customers, leading Eeon to seek representation for them. In the filing, Eeon asserted,  “We are the appropriate parties involved in this case, as the Court…

AI signals vs. human intuition: Decision-making in crypto trading

Traditionally, traders have relied on human-based pattern recognition and technical analysis, looking at the company’s financial health, competitors and other methods for determining what trades to make on an asset. However, with the growth of artificial intelligence (AI), there are additional ways that traders can analyze the markets, using the data gathered via machine learning. Both methods have their place in the industry, but it is best to understand how they both work and their benefits and drawbacks. AI plays a crucial role in cryptocurrency trading by providing insights and…

FTX victim raises $450k for liquid token startup

FTX victim, who lost over 90% of his net worth following the collapse, successfully raised $450,000 from his recently launched trading fund. Belgian resident Kasper Vendeloock recently launched Musca Capital, a new fund that trades liquid tokens. The venture is supported by Hashmask NFT project founders and two other investors. With the funds raised, Vandeloock aims to rebuild his trading systems and implement automated strategies. He will begin by trading liquid tokens on centralized exchanges. Vandeloock strives to recover from a substantial financial setback resulting from the collapse of the…