[ad_1] Ethereum gets a boost from a bullish crypto market. Toncoin surges 47% on TONSpace. Bitcoin Cash and eCash also see a price gain. ETH Ethereum posted a gain of 6.4% as the crypto market bulls managed to send the broader market higher. The world’s second-largest crypto project has also recently been involved in some development upgrades. A year after Ethereum’s Merge upgrade, some analysts are worried that the staking feature could affect the ETH network. Around 20% of 20% of all Eth in circulation, valued at about $41.5 billion, has been staked, according to Staking Rewards data. At the…
Author: Kevin George
[ad_1] BTC pumps and dumps on Grayscale court win. SOL struggles despite MAKER speculation. MIOTA rallies with traffic patent. SPAL and Klaytn tie-up. BTC Bitcoin had a rollercoaster week with a $2,000 rally last Tuesday, which was reversed on Thursday, with the coin down 0.80% over the last week. News of a favorable court ruling for digital asset manager Grayscale sent the price of BTC soaring. The asset manager won its court case against the Securities and Exchange Commission (SEC), which should see the regulator forced to approve spot bitcoin exchange-traded-fund (ETF) applications from other managers. The federal court said…
[ad_1] Bitcoin slumps on low trading volume. BNB risks testing 2022 lows. Akash Network surges after a hackathon. Conflux tumbles on China concerns. BTC The price of Bitcoin was hit by selling last week with the world’s largest cryptocurrency losing 12% of its value. Investors liquidated US$1 billion in cryptocurrencies during the bearish selling, bringing the total market capitalization to the edge of the psychologically important US$1 trillion mark. XRP led the losing coins after a U.S. judge granted the U.S. Securities and Exchange Commission (SEC) approval to file a motion to appeal the recent ruling for Ripple Labs regarding…
[ad_1] XRP loses 13% depsite positive court comments. BTC sees weekly outflows of $111m. PayPal launches a stablecoin. XDC rallies 13%. XRP Ripple XRP lost 13% despite favorable comments about its status as a security. U.S. Judge Analisa Torres said that the sale of XRP tokens on exchanges and through algorithms does not constitute investment contracts, which was celebrated by XRP supporters. The news led to a sharp increase in many tokens. The ruling was a big development in the legal battle between Ripple and the Securities and Exchange Commission (SEC). The SEC alleged that Ripple engaged in unregistered sales…
[ad_1] XRP leads the week higher after court case boost. ETH could see NFT competition from Google. SOL gets a 50% price increase. Synthetix adds gains. XRP The price of Ripple XRP was 58% higher over the last week after a court ruling said it was “not necessarily” a security. In the latest ruling, a federal judge in New York said that the XRP token is “not necessarily a security on its face,” and added that XRP was only deemed a security when Ripple sold it to institutional buyers years ago, but not to the public. Stuart Alderoty, a lawyer…
[ad_1] BTC trading was muted after FOMC minutes remained hawkish. SOL could be setting up for gains on development. FLOW and FIL pressured. BTC The price of Bitcoin was unable to mount a rally this week and was less than 1% higher. Price action was slower in BTC after the release of the U.S. central bank’s FOMC minutes, which showed a hawkish tone to the outlook for U.S. interest rates. “In discussing the policy outlook, all participants continued to anticipate that, with inflation still well above the Committee’s 2 percent goal and the labor market remaining very tight, maintaining a…
[ad_1] BTC added 2.5% on news of a BlackRock spot ETF filing. BNB faces important support. TWT is supported for cold wallets. SUI was a gainer. BTC The price of Bitcoin was 2.5% higher after asset management giant BlackRock filed an application for a Bitcoin ETF. BlackRock’s iShares unit filed paperwork with the SEC on Thursday seeking the creation of an exchange-traded fund that would use spot market pricing and custody from Coinbase. There was some hesitation from traders as the SEC has rejected spot ETFs before and is currently in a court battle with Grayscale over its attempt to…
[ad_1] XRP added 5% but surrendered gains. Bitcoin suffered with a Binance lawsuit. LUNC rises ahead of an upgrade. LDO rose as TVL rises. XRP The price of Ripple XRP returned 5% this week, outperforming the rest of the top fifty cryptocurrencies, but the coin gave up some of its 10% rally. Attorney John Deaton has said there’s a 25% chance Ripple will claim an outright victory against the Securities and Exchange Commission (SEC). Deaton said on the Good Morning crypto podcast there was also a 50% chance that U.S. District Judge Torres delivers a “splitting the baby” ruling. That…
[ad_1] Ethereum balances on exchanges have reached a five-year low, XRP rose 10% this week on SEC case news. RNDR and INJ show strong gains. ETH The price of Ethereum rose around 2% this week as cryptocurrency prices remained subdued. However, data from Glassnode showed that Ethereum held on exchanges was at a five-year low. The amount of ETH held on exchanges has decreased since 2020 but accelerated after the Proof-of-Stake (PoS) transition in September 2022. The current level stands at 17.8 million, the lowest since April 2018. That is also in line with Bitcoin, as the number of BTC…
[ad_1] A surge in meme coin activity held bearish warnings for BTC. A new PEPE meme coin led the way in speculation. FLOKI and STX were also gainers. BTC Bitcoin has been the subject of bearish warnings after a surge in meme coin trading volumes to two-year highs. Coindesk cited data from Dune Analytics which showed that last week’s $2.3 billion meme coin trading volume could mark a top. The latest trading volume was the highest since May 2021, when Bitcoin traded at above $60,000 and went on to lose 50% of its value. The speculative frenzy was driven by…