Month: July 2024

Analyst Upbeat On XRP Rally Despite SEC Meeting Cancellation

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Nobody in the XRP community expected the SEC to cancel a meeting behind closed doors on July 18 without giving any reason. Some people think this move has something to do with the approval process for spot Ethereum ETFs. Related Reading Crypto Community Clueless On Meeting Cancellation There has been an obvious shakeup in the cryptocurrency market because of the sudden about-face. XRP, Ripple’s native coin, fell 8% to $0.58, its 24-hour low. Trade volume was down as well, yet it rose 20%, showing investors’ interest amid uncertainties. There is…

Crypto Exchange BitForex to Open for Withdrawals Following Chinese Police Investigation

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Africa’s Blockchain Funding Drops to 1.3% in 2023, Deal Share Rises – Report

In 2023, Africa’s share of global blockchain venture deals rose marginally to 1.3%, but the continent’s total funding dropped from 1.6% to 1.3%. Only South America’s share of blockchain funding ranks below Africa’s share. The continent achieved an all-time high in blockchain venture funding deal share, accounting for 6.4% of all venture funding and 12.5% […] Source CryptoX Portal

Ryan Selkis Quits as Messari CEO Following Inflammatory Tweets

On Friday, as he announced his resignation, Selkis said that following the attempt on Trump’s life, he had “been disgusted at the media and administration’s abject failures at pressing for answers in the attack’s aftermath, as well as their failure to tamp down divisive rhetoric that contributed to the attack in the first place.” Source

A Second Look at Third-Party Token Allegations in the SEC’s Case Against Binance

The SEC alleged that Binance in particular listed 10 tokens that it viewed as securities, as examples of how the exchange was violating federal securities laws by being a broker, dealer and clearinghouse: SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS and COTI. In its motion to dismiss, Binance argued that the SEC couldn’t plausibly allege that they were securities, saying they didn’t meet the tenets of the Howey Test. Source

Why will Robinhood be $9m poorer with its referral program?

A U.S. federal judge has ordered Robinhood Financial LLC to pay $9 million in a lawsuit over its referral program. The case involved a broker’s “refer-a-friend” promotion that allowed unwanted text messages to be sent in Washington. The total payment will be $9 million, including $2.2 million in attorney fees. “Robinhood has agreed to pay $9,000,000 to establish a non-reversionary Settlement Fund to benefit Settlement Class Members who filed claims. It is an excellent result for the approximately 827,327 consumers.” Court filing Judge Barbara Rothstein of the U.S. District Court…

Market Strategist Says Bitcoin Downtrend Is Finally Over, Here’s Where Price Is Headed Next

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A market strategist has declared that Bitcoin (BTC), the world’s largest cryptocurrency, has finally concluded its downtrend. According to the strategist, Bitcoin may be heading to a new price target, driven by the positive shift in its market value.  Bitcoin Downtrend Is Over A crypto analyst identified as ‘Rekt Capital’ on X (formerly Twitter) has announced to his 484,500 followers that Bitcoin’s prolonged downward trend was officially over. The analyst, who has been monitoring the cryptocurrency’s market and price actions, has suggested that Bitcoin may be getting ready for a…

UK advised to ‘rebuild Britain’ with $5b Bitcoin trove

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Bitcoin has entered a new paradigm in which investors must consider the future of state-controlled BTC stockpiles and sovereign approaches to holding or selling the asset. The United Kingdom should liquidate its Bitcoin (BTC) trove valued at an estimated $5 billion at current prices, Bloomberg senior opinion columnist Merryn Somerset Webb wrote on Friday. Webb’s advice was directed at the UK’s new Chancellor, Rachel Reeve, as commentators chimed in on how the Labour-led administration might string together funds to rebuild Britain’s economy.  Britain’s Bitcoin stash has grown considerably over the…

Polymarket’s largest bet misses as Trump fails to mention Bitcoin at RNC speech

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Bitcoin price remained below $65,000 on Friday as Donald Trump avoided mentioning the coin and crypto in his speech at the Republican National Congress (RNC) event. Bitcoin (BTC) was trading at $64,200 Friday morning, roughly where it traded at 24 hours ago. In his closely-watched speech at the Republican National Convention on Thursday, Donald Trump avoided one of the hottest issues in the financial market: crypto. Most people, including those using Polymarket, believed that he would at least mention the digital asset universe, similar to how he has done in several…