Day: May 15, 2024

Ripple Seeks Court Approval to Seal Sensitive Documents in SEC Lawsuit

Ripple Labs has filed a motion to seal remedy documents in its ongoing litigation with the U.S. Securities and Exchange Commission (SEC). Ripple argues that these documents contain sensitive information, including proprietary business strategies, financial data, and internal communications. Public access to this information could give competitors an unfair advantage and damage Ripple’s market position. […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Market Expert Who Predicted Bitcoin’s Rise above $69,000 Unveils New Target

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The Bitcoin rise above $69,000 before the fourth halving to reach a new all-time high of $73,000 in 2024 took many by surprise. However, crypto analyst BitQuant was not one of those people. In 2023, the analyst had correctly predicted that the BTC price would reach a new all-time high before the halving was completed. After the successful completion of his prediction, the crypto analyst has once again predicted where the Bitcoin price is headed, and how high it will go. Crypto Analyst Says Bitcoin Price Will Reach $95,000 BitQuant…

Microstrategy Joins MSCI World Index Amid Bitcoin Rally

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MSCI Inc. has announced the May 2024 Index Review, which includes adding the bitcoin-focused Microstrategy to the MSCI World Index. This decision follows the Nasdaq-listed software intelligence firm’s stock outperforming bitcoin and other major investments. Microstrategy currently holds over 214K bitcoins. MSCI World Index Adds Microstrategy MSCI Inc. (NYSE: MSCI), a premier operator of global […] Original

SOL Price Breaks Crucial $150 Level Amid Robinhood’s Solana Staking Debut In Europe

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Robinhood Crypto has announced the introduction of a Solana-staking product in Europe, accompanied by a bonus program for new customers.  This development comes as the company faces increased tensions with US regulators, which could potentially lead to legal repercussions. However, the move has propelled Solana’s (SOL) price to surpass the crucial $150 level, indicating a return of bullish momentum in the market. Solana Staking And Crypto Rewards According to the announcement, Robinhood unveiled new features for its European customers. These offerings include staking, localized applications, and crypto rewards.  As part…

Over 50,000 Traders Liquidated as Bitcoin Price Surges Past $66,000 Amid Bullish Run-Up

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On Wednesday, the price of bitcoin demonstrated strong growth, escalating by more than $4,200 from its daily low. This 7.1% increase against the U.S. dollar propelled bitcoin past the $66,000 threshold, reaching a peak of $66,461 per coin on Bitstamp. Consequently, the entire cryptocurrency market rose by 6.2%, resulting in the liquidation of 51,567 traders […] Original

What the DOJ’s First MEV Lawsuit Means for Ethereum

MEV, which itself is controversial, can be a highly lucrative game dominated by automated bots that often comes at blockchain users’ expense, which is partially why so many in the crypto community have rushed to denounce the DOJ’s complaint. However, this is hardly a Robinhood situation, where two brothers, Anton and James Peraire-Bueno, of Bedford, Massachusetts, were stealing from the rich to give to the poor. Source

Bitcoin (BTC) Price Hits $66K After Soft Inflation Data; Solana (SOL), NEAR Lead Crypto Rally

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“Investors consider this as a bullish regime shift, as it marks the first decrease in CPI inflation over the last three months,” Bitfinex analysts said in a market update. This, together with the Federal Reserve previously announcing its intention to taper the central bank’s balance sheet run-off, “is seen as a favorable print for risk assets,” Bitfinex added. Original

U.S. House’s McHenry Says Senate May Be Swayed if Many Democrats Back Crypto Bill

The thing to watch, he suggested, is if a lot of Democrats show up to support the bill. McHenry, who is set to retire at the end of the year, has made digital assets legislation a top priority for the end of his time on Capitol Hill. To that end, the House has recorded a number of recent cryptocurrency successes, from the passage of several relevant bills through McHenry’s committee to the advancement of a congressional effort to overturn Securities and Exchange Commission (SEC) crypto accounting policies. But chief among…

Bitcoin Long-Term Holders Buy The Blood, Snatch Up 70,000 BTC

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Glassnode data has revealed that Bitcoin long-term holders are taking advantage of the cryptocurrency’s lower price to significantly increase their holdings. This accumulation further strengthens the belief that this group of Bitcoin investors anticipate a potential upside for Bitcoin despite its recent volatility.  Long-Term Holders Pay $4.3 Billion For 70,000 BTC According to Glassnode, long-term Bitcoin holders who had previously sold 1 billion BTC in the latter part of 2023 are accumulating once again. This buying activity could be interpreted as a potential bullish signal for Bitcoin.  Related Reading Traditionally,…