Tag: Respond

Europe’s MiCA Is Finally Here. How Will the U.S. Respond?

For the crypto industry and its existential coupling with the banking sector, MiCA marks profound change, which only the most serious players are ready for. For example, in the resurgent stablecoin category, in which the dollar is the currency of reference, MiCA marks a proverbial fiscal cliff where unregulated or non-compliant tokens will ultimately be delisted or their access greatly restricted by crypto exchanges. The reason is simple. Rather than treating stablecoins like a fringe financial product or merely a poker chip in a crypto casino, MiCA brings stablecoins in…

Peter Schiff Highlights Problem With Owning Bitcoin ETF — BTC Investors Respond Self-Custody Is Key

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Gold bug Peter Schiff has highlighted a problem with owning spot bitcoin exchange-traded funds (ETFs). However, the issue Schiff pinpointed isn’t unique to bitcoin ETFs. This discussion has reignited calls for self-custody among crypto proponents. Peter Schiff’s Warning Prompts Self-Custody Push Gold advocate and economist Peter Schiff has highlighted a problem with owning spot bitcoin […] Original

Ex-Ripple Director Teases ‘Big XRP News’, Can Price Respond?

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Sean McBride, the former Director of Global Talent Acquisition at Ripple, has hinted at significant upcoming news for Ripple and XRP. McBride’s announcement, made via a post on X (formerly known as Twitter), has sparked a mix of excitement and skepticism among followers and investors alike. His post stated: “Big news coming from #Ripple and #XRP in the next couple days,” setting the stage for speculation on what the news could entail and its potential impact on XRP’s market performance. However, the reaction to McBride’s announcement has been varied within…

Is A Bitcoin Spot ETF Approval A Sell The News Event? Experts Respond

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All attention of crypto investors has turned toward January 10 when the first Spot Bitcoin ETF is expected to be approved. As usual, the excitement triggered by this has seen prices recover across the space, with no doubt about the bull sentiment leading up to the event. However, arguments have arisen about whether this bullish sentiment would continue if a Spot ETF is eventually approved or if it will end up being a “sell the news” event. What Is A Sell The News Event? The phrase “sell the news” is…

OpenAI Updates ChatGPT to Respond to Queries in Real Time

OpenAI’s success with ChatGPT has since kicked off an unspoken AI competition among tech giants who are also looking to set their chatbots apart from the rest. OpenAI has now launched real-time capabilities for its brainchild innovation chatbot ChatGPT. Since the viral innovation came to be, there have been concerns raised over its limited data sets which appeared stuck in times past – precisely September 2021. This meant that when users asked targeted questions about more current events, the chatbot responded by saying: “I don’t have the ability to browse…

Coinbase Pushes SEC To Respond to Crypto Exchange’s Petition for Rulemaking Within 30 Days

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Top US crypto exchange Coinbase is attempting to force the U.S. Securities and Exchange Commission (SEC) to respond to a rulemaking petition created by the firm last year. Coinbase chief legal officer Paul Grewal tells his 50,100 followers on the social media platform X that the crypto company is asking the SEC to clarify exactly how securities laws apply to digital assets. According to Grewal, the SEC’s previous update on the matter wasn’t good enough and Coinbase wants a proper response within 30 days. “We’ve filed our response with the…

SYN Tokens Respond to Selling Pressure With 17% Price Bounce

“A Synapse liquidity provider sold their SYN tokens and removed liquidity today. We’re investigating unusual activity on their wallets and are working to get in touch with them. Will update once there is more info. There was no security breach of the protocol or bridge,” the Synapse team wrote on X, formerly known as Twitter, at the time. Source

Sotheby’s and Yuga Labs respond to lawsuit from Bored Ape investors

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Fine arts auction firm Sotheby’s has recently been named in the class-action lawsuit filed by Bored Ape Yacht Club (BAYC) investors against BAYC creators Yuga Labs. The investors allege that the auction house helped Yuga Labs “deceptively promote” the nonfungible token (NFT) collection.  On Dec. 10, BAYC investors filed a class-action lawsuit against over 40 defendants including Yuga Labs and celebrities like Post Malone, Justin Beiber and Paris Hilton. The lawsuit alleged that Yuga Labs and the celebrities were able to “artificially increase” the prices of the NFTs through celebrity…

Ex-Celsius CEO must respond to NY lawsuit

Alex Mashinsky, the founder and former CEO of Celsius Network, a centralized crypto lender that folded in 2022, has been directed by a Manhattan state court judge to respond to a lawsuit initiated by New York Attorney General Letitia James. The lawsuit alleges civil fraud, claiming that Mashinsky misled investors by portraying Celsius Network as a safe banking alternative while withholding its risks and significant investment losses. Judge Margaret Chan, overseeing the case, found evidence suggesting a link between Mashinsky’s actions and the financial losses suffered by investors.  James contends that Mashinsky…

How Might Its Price Respond to Current Realities?

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XRP experienced a surge after Ripple Labs’ recent legal win against the US Securities and Exchange Commission, marking a partial victory. Nonetheless, the pace of this upswing has moderated in recent weeks, encountering notable resistance and initiating a downward trajectory. With the latest data from CoinGecko, the XRP value registers at $0.658512. This shows a 1.1% contraction over the preceding 24 hours and a notable seven-day decline of 7.4%. During the height of its price surge after Ripple Labs’ legal breakthrough, its coin encountered a rejection near the $0.95 threshold. This…