Day: April 23, 2024

Ripple Says $10M Penalty Enough, Rejects SEC’s Ask of $1.95B Fine in Final Judgment

The SEC’s proposal asked the court to order Ripple Labs to pay $876 million in disgorgement, $198 million in prejudgment interest, and a $876 million civil penalty, amounting to a total of $1.95 billion. The court had found Ripple violated federal securities laws by making institutional sales of XRP but dismissed similar allegations by the SEC that the sale of XRP on exchanges and through algorithms also violated the law. Source

12 Projects Gone In 30 Days

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The Wild West of cryptocurrency just got a little wilder. Solana, the blockchain known for its lightning-fast transactions, recently became a breeding ground for a peculiar phenomenon: the meme coin frenzy. While these dog-themed, cat-inspired, or just plain nonsensical tokens promised moon landings, many investors landed face-first in a crater of lost cash. Solana Stampede: A Frenzy Of Frivolous Finance Fueled by social media hype and the fear of missing out (FOMO), a stampede of investors poured money into meme coin presales. A project with a name like “I Like…

Bitcoin’s Post-Halving Supply to Be 5x Lower Than Demand, Bitfinex Estimates

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“With the daily issuance rate declining post-halving, we estimate that the new supply added to the market (new BTC mined) would amount to approximately $40-$50 million in USD-notional terms based on issuance trends. It is expected that this could possibly drop over time to $30 million per day, including active and dormant supply as well as miner selling, especially as smaller miner operations are forced to shut down shop,” analysts at Bitfinex said in a report shared with CoinDesk. Original

Koala Coin rises alongside Bitcoin Cash and Injective Protocol

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Koala Coin gains momentum in its presale alongside robust performances from Bitcoin Cash and Injective Protocol. Koala Coin (KLC) progresses through its initial presale stage, currently priced at $0.014, offering a blend of humor and finance. This approach aims to engage a growing community interested in the unique combination of investment potential and cultural appeal. The unique offering of Koala Coin   Koala Coin, emerging at the intersection of…

Analysts: Confiscation of Russian Assets in the US Would Supercharge De-Dollarization

Analysts are pondering the effects of the approval of the Rebuilding Economic Prosperity and Opportunity (REPO) Act by the U.S. House. The execution of seizures for over $6 billion of Russian assets held in U.S. institutions would “supercharge” the de-dollarization efforts of several nations. This is due to the possibility of having their assets seized […] Source CryptoX Portal

Standard Chartered Reaffirms $150,000 Bitcoin Target By Year-End

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Geoff Kendrick, head of digital assets research at Standard Chartered, recently reiterated the bank’s ambitious Bitcoin price target of $150,000 by the end of this year, despite current market volatility and geopolitical tensions. In a comprehensive interview with BNN Bloomberg, Kendrick highlighted the significant role of ETF inflows and upcoming halving events in driving Bitcoin’s price. Why Bitcoin Is Set For A Rally To $150,000 By Year-End One of the principal drivers identified by Kendrick is the remarkable influx of capital into Bitcoin ETFs within the United States. Since the…

Experts eye Milei Moneda presale amid anticipated SOL, BNB surge 

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid fluctuating markets, Milei Moneda gains traction in its presale, while Solana and Binance Coin seek recovery from recent downturns. Milei Moneda has captured the hearts of investors with its ongoing presale. Tagged the leading cryptocurrency to invest in, investors are capitalizing on MEDA’s potential to enjoy massive gains. Elsewhere, SOL and BNB have been on a downward trajectory and hope to bounce back soon. Milei Moneda set to…

BNB Price Reclaims $600 and Bulls Could Now Aim For New 2024 High

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BNB price is attempting a fresh increase from the $550 zone. The price cleared the $600 resistance and might extend its increase above $630. BNB price started a fresh increase after it cleared the $550 resistance zone. The price is now trading above $580 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $592 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could gain bullish momentum if it clears the $608-$610 resistance zone. BNB…

Ethereum Price Signals Reversal and $3,400 Is Imminent, Here’s Why

Ethereum price is gaining pace above the $3,120 resistance zone. ETH could continue to move up unless there is a daily close below the $3,030 level. Ethereum extended its increase above the $3,150 resistance zone. The price is trading above $3,150 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,160 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless the bears push it below the $3,030 zone. Ethereum Price Extends Increase Ethereum…