Day: July 15, 2023

XRP trading volume skyrockets amid favorable court decision

News of a favorable XRP ruling in its legal battle against the US SEC has sent the token’s trading volumes jumping by more than 1,300%.  The ruling sparked a surge in XRP’s price, with the digital asset reaching a high of $0.93, the highest value seen since May 2021. Data compiled by CCData, a prominent crypto research company, revealed a significant influx of trading activity following Judge Analisa Torres’ ruling. XRP trading activity | Source: CCData CCData’s research showed XRP trading pairs on centralized exchanges experienced a total volume of…

Ripple CEO calls XRP ruling a win for crypto industry

Ripple CEO Brad Garlinghouse has shared his sentiments about a recent ruling that XRP is not a security. On July 13, Federal District judge Analisa Torres ruled that XRP, the native currency of the XRP Ledger (XRP), is not an unregistered security, except when used to raise funds from institutions. Garlinghouse shed light on the outcome of the XRP ruling, emphasizing the positive impact on Ripple and the crypto industry. In a July 14 interview on Bloomberg TV, Garlinghouse highlighted the SEC’s previous lawsuits against himself, Ripple co-founder Chris Larson, and the…

Ark Invest sells more Coinbase shares, eyes Meta platforms, Robinhood

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As the stock price of Coinbase (COIN) reaches a 52-week high, Ark Invest, the investment management firm led by Bitcoin (BTC) bull Cathie Wood, has recently divested more of its Coinbase shares. Following Ark Invest’s significant acquisition of Coinbase shares during the bear market, the investment firm has recently sold off a portion of its Coinbase holdings for the second time this week. In the meantime, Cathie Wood, the prominent Bitcoin advocate, is actively investing in Meta Platforms (META) and Robinhood Markets (HOOD) shares. Trade information observed by Cointelegraph reveals…

Synthetix takes on counterparty risks with Infinex derivatives exchange

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Synthetix, a DeFi project in the crypto space, is preparing to expand its range of affiliated products. Kain Warwick, the founder, revealed intentions to introduce a new derivatives front-end called Infinex to the decentralized trading infrastructure of Synthetix. The upcoming exchange, Infinex, will cater to both novice and experienced traders by offering features similar to centralized exchanges (CEX), such as a non-custodial central limit order book. While Synthetix already operates Kwenta, a derivatives decentralized exchange (DEX) on Optimism, Warwick has highlighted three key issues with the current platform. For instance,…

SEC accepts bitcoin ETF applications from BlackRock, Fidelity, Galaxy Digital

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The SEC has initiated the acknowledgment process for spot bitcoin ETF applications. This sets the stage for the potential acceptance of the first such funds in the United States. The SEC has begun acknowledging these spot bitcoin ETF applications. ETF Research Analyst at Bloomberg Intelligence James Seyffart first noticed the move and took it to Twitter. The acknowledgment of applications included those from BlackRock, Fidelity, WisdomTree Funds, Invesco US, and VanEck. The list is published on…

5 peer-to-peer (P2P) lending platforms for borrowers and lenders

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Peer-to-peer (P2P) lending, which links borrowers and investors directly, has become a well-liked substitute for traditional banking. P2P lending networks enable decentralized lending, in which people can borrow money from other people or institutions directly without the use of intermediaries, such as banks. Both borrowers, who can receive loans with flexible terms, and investors, who can earn competitive returns on their investments, can profit from this lending arrangement. This article will look at five decentralized P2P lending services that let lenders and borrowers become involved in this expanding market. Aave…

Binance lays off over 1,000 employees amid regulatory hurdle

Binance is reportedly laying off over 1,000 employees as part of a restructuring effort that could result in a reduction of more than a third. Wall Street Journal shared an insight on June 14. According to an unnamed Binance spokesperson, 1,000 people have already been laid off. They added that up to 3,500 people will lose their positions in Binance by the end of 2023. A week earlier, several senior executives, including chief strategy officer Patrick Hillmann and general counsel Hong Ng, also shared their departure from the company. Moreover,…

SEC accepts BlackRock’s Bitcoin ETF application, signaling regulatory review

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The United States Securities and Exchange Commission (SEC) has accepted https://www.sec.gov/rules/sro/nasdaq.htm application for a spot Bitcoin (BTC) exchange-traded fund (ETF) following its acknowledgment of a similar application by Bitwise the day before. The SEC’s acknowledgment indicates the commencement of the official review process for BlackRock’s ETF proposal. While it is an initial step in a lengthy regulatory journey, it holds great importance for the Bitcoin community. The SEC’s readiness to explore the idea of a Bitcoin ETF and assess its potential market effects is evident from this acknowledgment. ETFs are…

DigiToads features helped litecoin, XRP, and bitcoin cash survive multiple bear runs

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Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH) are established cryptocurrencies that were also not immune to challenging market conditions marked by extended price dumps and slumping interest in the recent past. However, DigiToads, a new crypto project, plans to roll out distinctive features that leave an impression on the broader industry. DigiToads investors can benefit by holding TOADS, its native token. The platform will introduce a non-fungible token (NFT) marketplace for collectors to buy popular NFTs.  Additionally, it organizes trading contests, one of the multiple reasons investors are flocking…

The Flash goes Web3, Yuga Labs still working hard on ‘audacious’ Otherside project and more

Warner’s The Flash goes Web3, to a lack of applause… Warner Bros.’ nonfungible token (NFT) unit has unveiled a new Web3 experience for the recently released DC Comics superhero movie, The Flash, which reportedly flopped at the box office. According to an announcement from Warner Bros. Digital Collectibles, The Flash Web3 Movie Experience will launch on July 18 and include NFT collections, augmented reality experiences, access to behind-the-scenes content and the entire film in 4K ultra HD, to name a few. The Flash Web3 experience. Source: Warner Bros. Digital Collectibles. The…