Day: December 9, 2023

Why Is XRP Price Up Today? Ripple’s Massive Buyback May Have The Answer

XRP is one of the top gainers in the last 24 hours. As to why the crypto token is up, a popular crypto sleuth has some answers, as he recently revealed a significant move made by Ripple. This revelation also has the possibility of ending talks that XRP’s price is being manipulated by Ripple, considering that the crypto firm has so far shown that it has XRP’s best interest at heart. Ripple Allegedly Buys Back Around 700 Million XRP In a post on his X (formerly Twitter) platform, crypto sleuth…

Hodler’s Digest, Dec. 3-9 – Cointelegraph Magazine

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Top Stories This Week Binance founder CZ must stay in US until sentencing, judge orders Binance founder Changpeng “CZ” Zhao has been ordered to stay in the United States until his sentencing in February, with a federal judge determining there’s too much of a flight risk if the former crypto exchange CEO is allowed to return to the United Arab Emirates. On Dec. 7, Seattle District Court Judge Richard Jones ordered Zhao to stay in the U.S. until his Feb. 23, 2024 sentencing date. He faces up to 18 months…

DOJ unveils extensive monitorship over Binance operations

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Binance compliance commitments with the United States Department of Justice (DOJ) were unsealed on Dec. 8, revealing a significant government oversight of the crypto exchange operation and business activities. In an analysis shared on X (formerly Twitter), John Reed Stark, a former Securities and Exchange Commission (SEC) official, classified the “exhaustive list” of Binance’s new compliance commitments as a “consulting firm’s wish list” that will likely shut down the platform. Binance’s new obligations are described in an 11-page document and include cooperation to grant authorities access to documents, records and…

SEC in hot seat for Ark Investment BTC ETF final deadline

The U.S. Securities and Exchange Commission must either greenlight or turn down Ark Investment’s spot bitcoin (BTC) ETF application by Jan. 10, 2024. The Florida-based asset management firm reportedly has the second-nearest application expiry date, with Grayscale’s final deadline set for Jan. 1, 2024. Ark updated its S-1 filings with the financial watchdog on Dec. 2, 2023, according to recent records. The financial regulator initially postponed the verdict, seeking public opinion on the vulnerabilities of spot BTC ETFs, off the back of rejecting several applications. Gary Gensler and the SEC…

Tether Freezes 41 Crypto Wallets Tied to Sanctions

“By executing voluntary wallet address freezing of new additions to the SDN List and freezing previously added addresses, we will be able to further strengthen the positive usage of stablecoin technology and promote a safer stablecoin ecosystem for all users,” said Tether CEO Paolo Ardoino. Source

El Hippo and Shiba Inu likely to breakout

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In crypto technical analysis, a price spike followed by a period of consolidation can often lead into a breakout, meaning a sudden, powerful price movement in either direction. While it’s harder to say whether that breakout will be positive or negative, spotting breakout patterns can be more reliable. El Hippo near all all-time high HIPP was recently listed on Bitget, causing an all-time high of $0.0000000137, a 450% increase…

What Is A DAO

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Decentralized Autonomous Organizations (DAOs) represent a revolutionary concept in the blockchain and crypto world, reshaping how we think about governance and collaborative decision-making. This article dives deep into the world of DAOs, providing a comprehensive understanding of ‘What is a DAO’, their meaning, mechanics, and significance in the crypto ecosystem. You’ll also explore the intriguing history of DAOs, including insights into Nick Szabo‘s pioneering role in their invention. What Is A DAO? A Decentralized Autonomous Organization (DAO) is an innovative organizational structure that operates on blockchain technology, embodying principles of…

ChatGPT makes price predictions for ORDI, El Hippo, and Terra Luna Classic

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. ChatGPT is known for its cautious stance on predicting crypto price movements. Nevertheless, it’s feasible to extract insights from this emerging technology by providing the language model with up-to-date and historical market data. We sought ChatGPT -4’s opinion on potential price trends for three altcoins, and here are the results: ORDI price prediction ORDI recently reached a new all-time high at $61.63, pushing the project’s market cap above a billion…

Crypto advocates blast US defense bill for nixing proposals

The latest U.S. defense bill has left out two crypto regulatory law proposals to cover the parameters surrounding money laundering and examining financial institutions. Per the recently published National Defense Authorization Act by U.S. lawmakers, crypto provisions seeking to build reports on the use of privacy coins and create an anti-money laundering measure among virtual currency service providers have been dropped.  The bill, which the U.S. government is obligated to pass, was created from a joint effort between the U.S. House of Representatives and the Senate. While the Senate’s NDAA…

Maximizing efficiency, examining benefits of crypto exchange aggregators

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The growing popularity of cryptocurrencies and the expansion of the possibilities for their use led to the emergence of specialized services that exchange digital coins for other coins or fiat money. This is an analog of traditional online currency conversion points. Indeed, the convenience and speed of functioning of cryptocurrency exchangers significantly facilitated the conduct of complex coin transactions. However, until 2018, these resources were characterized by inflated rates.…