Ripple’s chief legal officer says he wouldn’t be surprised if the U.S. Securities and Exchange Commission (SEC) does appeal the final ruling in the Ripple lawsuit over XRP. He questioned the SEC’s rationality and expressed confidence that any appeal by the SEC would likely fail. Alderoty urged the SEC to focus on its core mission […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Rich Dad Poor Dad author Robert Kiyosaki has explained why he is preparing for a crash landing. He criticized U.S. leadership, including Vice President Kamala Harris, Treasury Secretary Janet Yellen, and Fed Chairman Jerome Powell, calling them “3-Stooges.” Kiyosaki advised his followers to invest in gold, silver, and bitcoin, emphasizing self-reliance over relying on the […] Source CryptoX Portal
Polkadot has been on the down low since last month with investors and traders pulling out of the market. According to CoinGecko, the token is down more than 16% in the past 2 weeks. With the bears in control of the market, Polkadot’s short-term gains might be compromised. Related Reading Despite showing that Polkadot can still pack a punch, users are still skeptical of the platform’s viability and DOT’s capability to move upward in the coming days. With low investor confidence and a seemingly overhyped feature, Polkadot might be in…
Economist and gold advocate Peter Schiff has recommended that the Federal Reserve raise interest rates instead of cutting them, even if it leads to a market crash. He acknowledged that this approach would likely cause stocks and real estate to crash, result in a hard landing, and trigger a recession, emphasizing the potential severity of […] Source CryptoX Portal
Recent market dynamics have again brought Ethereum’s supply into the spotlight and reiterated concerns about its inflationary trend. Earlier this year, Ethereum reached a significant milestone in its circulating supply, surpassing 120 million ETH and the number continues to grow. Unlike other prominent cryptocurrencies such as Bitcoin and Cardano, which have fixed supply caps, Ethereum was designed with an unlimited supply of tokens. This fundamental difference makes Ethereum an inherently inflationary asset, one that has a continuously increasing supply. On-chain data from Ultrasound.money has shed light on the growing supply…
Bitcoin has probably bottomed out and is now primed for an uptick, according to anonymous crypto trader self-proclaimed “bubblechaser” Bluntz. In an Aug. 15 post on X, the trader — famous for correctly predicting the 2018 Bitcoin (BTC) bottom — proclaimed that the cryptocurrency had completed an ABC correction, with its price probably due to end up around the $68,000 level. An ABC correction is a fundamental concept in Elliott Wave theory, which is used to analyze market cycles and predict future price movements. The correction consists of three waves;…
Bitdeer Technologies Group has set the stage for a $150 million convertible notes offering, featuring an annual interest rate of 8.5%. The deal is scheduled to wrap up on Aug. 20, 2024. This move aligns with a broader trend in the bitcoin mining sector, where firms have collectively secured $2.1 billion through stock offerings since […] Original
A recent disclosure of Donald Trump’s financial interests shows he holds millions of dollars in cryptocurrency as well as receiving considerable income from NFT licensing fees. Although the disclosure by transparency advocacy group CREW, did not indicate the exact amount of crypto Trump holds, on-chain tracking platform Arkham Intelligence revealed the former President’s portfolio has Ethereum (ETH) worth $1.28 million, and other tokens, including a Trump (MAGA) meme coin, all adding up to about $1.8 million. The CREW filings also highlighted Trump’s NFT licensing fee income of about $7.15 million…
Some buzz has now surrounded ThorChain after new on-chain info dropped that might change the trajectory of RUNE, its native token. According to CoinGecko, RUNE’s trajectory is upward with a whopping 17% gain since last week. This shows that investors believe RUNE has long-term potential once the effects of its latest developments are reflected on the platform. Related Reading Word has recently spread that ThorChain might be integrated with OKX in the future. This significantly changed investor outlook on the platform as integration with OKX, a major centralized exchange, will…
Gold has been on an impressive streak in recent times, hinting at underlying economic worries, according to bitcoin proponent Fred Krueger’s latest analysis. He speculates that bitcoin might soon follow a similar trajectory, fueled by broader financial factors. Jack Mallers, the founder of Strike, shares this sentiment, asserting that “bitcoin is the best expression of […] Original