Attorney Fred Rispoli has tried to soothe concerns about the SEC’s potential appeal in the Ripple case. According to the legal expert, if the regulatory agency does decide to appeal the case, there will not be a ruling in the case until at least 2026. He has noted that the SEC suing exchanges and alleging
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Cryptocurrencies sharply tumbled on Wednesday as rising geopolitical risks captivated investors’ attention after the conclusion of the July Federal Reserve meeting. Bitcoin (BTC) dropped to $64,500 from around the $66,500 level where it traded following Federal Reserve Chair Jerome Powell’s press conference, and was down more than 2% over the past 24 hours. Altcoin majors
Last week’s Bitcoin Nashville conference dominated crypto news headlines – largely due to former U.S. President Donald Trump’s campaign speech (and lots of promises) as well as Senator Cynthia Lummis’s call for a national “Bitcoin Strategic Reserve.” (We’ve got the draft legislation .) We wandered around the event for four days while scrambling to cover
A nice thing about watching Olympic swimming is that it’s not too complicated to determine who’s the fastest. Everyone dives into the same pool, there’s some paddling, and at the end of the final lap, one person touches the wall first. The same can’t be said for blockchains, where engineers are always releasing ever more
The stablecoin issuer reported $5.2 billion profit in the first half of 2024. Its U.S. debt holdings amounted to $97.6 billion, surpassing countries including Germany. 01:53 161 Letters of Support for Binance’s CZ; Tether’s Latest $200M Investment 01:11 Why USDT Dominates Supply With Lower Transaction Volume 02:26 DOJ Wants CZ to Serve 3 Years in
The Fed held policy steady, as expected, but the policy statement was more hawkish than most anticipated. At his post-meeting press conference, Chairman Jerome Powell indicated the central bank was “moving closer” to the point where it might cut rates. As expected, the U.S. Federal Reserve left its benchmark fed funds rate range unchanged at
The municipal pension plan of Jersey City, New Jersey, will soon invest in bitcoin via exchange-traded funds, according to a Thursday social media post from Mayor Steven Fulop. While it’s not likely to be a gigantic sum, the decision is another symbolic win for cryptocurrency on the road toward wider adoption. The move follows a
By 2050, bitcoin may settle 10% of international trade and 5% of local trade gain with central banks’ holding it as a reserve asset, asset manager VanEck said in a report. Bitcoin layer-2 networks will play a key role to overcome scaling issues and allow BTC to be used as a medium of exchange, the
Spot ether exchange-traded funds successfully debuted in the U.S. on Tuesday, but regulators didn’t let the ETFs generate income for investors by staking their ETH. The absence represents a disadvantage over directly holding the cryptocurrency, but issuers are hopeful regulators will eventually allow staking. Eight newly approved spot ether (ETH) exchange-traded funds got off to
Last year, a social experiment called $GREED aimed to teach crypto enthusiasts a lesson, tricking them into tweeting an embarrassing message. The project is back. This time, there’s real money involved – a lot of it. 02:02 Marathon Digital Buys $100M BTC; India’s Special Task Force for Crypto-Related Drug Trafficking 00:53 Ether Slides as Grayscale’s