Lawyers for the U.S. Securities and Exchange Commission (SEC) are pushing back against what they describe as Coinbase’s “breathtakingly broad” subpoena requests searching for “essentially all documents that in any way relate to crypto.”
Semler Scientific's Bitcoin strategy could significantly impact its financial stability and influence other healthcare firms to adopt similar approaches.
The post Semler Scientific acquires additional 101 Bitcoin, holdings now at 929 BTC appeared first on Crypto Briefing.
Amid the crypto market slump, rumors emerged that Tron founder Justin Sun’s positions had been liquidated. Sun denied the rumors and criticized the community’s FUD (fear, uncertainty, and doubt), pledging to create a fund to help the industry. Justin Sun Denies Liquidation Rumors Over the weekend, the crypto market saw a significant retrace that dragged […]
It comes as decentralized prediction platform Polymarket has gathered more than $500 million in bets on who will likely win the 2024 United States presidential election.
Ripple’s Q2 2024 market report recently highlighted a decline in a crucial on-chain metric that could significantly impact the the XRP price. This decline in network activity and several other factors threaten to send the crypto token to new lows soon enough. XRP Records Decline In On-chain Transactions According to the report, on-chain transactions on the XRP Ledger (XRPL) declined by 65.6% in the second quarter of 2024. 86.38 million transactions were recorded during this period, compared to 251.39 million in the first quarter of this year. A drop in the network activity is significant as it highlights investors’ sentiment towards the XRP ecosystem. Related Reading: Wondering When To Buy Bitcoin? Here Are The Levels To Watch This decline in network activity can also negatively impact the XRP price, especially if this trend continues in the third quarter of the year. A plausible explanation for the decline in on-chain transactions for the XRPL in the second quarter is XRP’s underperformance in the first quarter of the year. High expectations for XRP heading into the new year may have prompted investors to increase their exposure to the crypto, which led to the highs in network activity recorded in the first quarter. However, these investors may have had a rethink as XRP failed to reach new highs even when Bitcoin hit a new all-time high (ATH), leading to a decline in network activity in the second quarter. The silver lining is that XRP investors have regained their bullish sentiment towards XRP, leading to increased network activity. Bitcoinist recently reported a spike in new addresses and the number of addresses interacting on the XRPL, with these metrics reaching their highest levels since March earlier this year. The revived bullish sentiment among XRP investors is mainly thanks to the belief that the lawsuit between the US Securities and Exchange Commission (SEC) and Ripple could end soon, presenting a bullish outlook for XRP’s price. However, if that doesn’t happen soon enough, XRP is at risk of witnessing a significant price decline as activity on the XRPL drops. Other Factors That Could Contribute To A Crash For The XRP Price The bearish sentiment in the broader crypto market is another factor that could contribute to massive price declines for XRP. Bitcoin is currently struggling to hold above $50,000, and the flagship crypto could send altcoins like XRP crashing if it continues to drop to new lows. XRP is also well-placed to be among the altcoins that will be most affected, seeing how the crypto token has so far reacted to Bitcoin’s recent crash below $60,000. Related Reading: Crypto Market Liquidations Top $197 Million As Bitcoin Price Plunges Below $60,000 The conclusion of the lawsuit between the SEC and Ripple could also negatively impact XRP’s price if the remedies awarded against the crypto firm align with the Commission’s proposed remedies. The SEC has asked Judge Analisa to award a fine of $102.6 million against Ripple, which is way above the $10 million that the crypto firm proposed. At the time of writing, XRP is trading at around $0.46, down over 16% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
In a recent development, the Dogecoin Core is expected to undergo another major upgrade that is important to the wellbeing of the network. The upgrade will introduce some major fixes, with the main one being to increase trust in the system, by not allowing the addition of malicious code or for an entity to take […]
The former president continues to stress that if the United States does not innovate in the digital asset sector, other countries will.
Author Thomas Ross sees AI as a solution, not a threat, and says the U.S. political machine needs to be rebooted.
The cryptocurrency market has been rocked by a massive sell-off, with the Bitcoin price plunging 26% from its July highs above $70,000. This dramatic decline comes amid a broader crash in global financial markets, reflecting growing economic uncertainty and investor risk aversion. Crypto Winter Returns? The crypto sphere was not spared from this turbulence, as risk aversion sentiments reverberated across the industry on Monday. Bitcoin witnessed a staggering 16% decline, reaching as low as $48,860 on Binance, while Ethereum, the second-largest cryptocurrency, experienced its most substantial fall since 2021, reaching $2,116. Related Reading: Chainlink: Market Panic Shaves 23% Off LINK Price – Details Notably, the fallout extended to crypto-related stocks, with crypto companies such as Coinbase Global, MicroStrategy, miners Marathon Digital Holdings and Riot Platforms also seeing significant drops in their share values. As concerns about the economic outlook intensified amid a global equity sell-off, concerns about the efficacy of heavy investment in artificial intelligence (AI) added to market unease. Geopolitical tensions in the Middle East further added an additional layer of uncertainty and contributed to investor anxiety. Bitcoin Price Predicted To Hit $15,000 The past 24 hours witnessed a total liquidation of approximately $1.2 billion in crypto bets, marking one of the most significant liquidations since early March. Factors such as the unwinding yen carry trade and adjustments to higher interest rates in Japan played a role in this market upheaval. Despite the current crash, some experts remain bearish on the crypto market’s long-term prospects. Justin Bennett, a crypto analyst, suggests that $15,000 Bitcoin and $700 Ethereum are “very much on the table.” What’s more, the image above shows that historical data further paints a bleak picture of Bitcoin’s performance in August and September, historically the worst months with average losses of -7.82% and -5.58%, respectively. Light At The End Of The Tunnel? Despite these bearish factors, crypto analyst Ali Martinez points to the Bitcoin MVRV Ratio on the 30-day time frame, which has not been this low since November 2022, right after the FTX collapse. “That period marked a bottom and an excellent buying opportunity,” he said. Related Reading: Bitcoin RSI Goes Bearish For The First Time Since August 2023, Will It Crash Below $40,000? Martinez also shared a key support that the bulls must hold to avoid further declines, stating that at around $47,140, nearly 900,000 addresses previously bought 489,000 BTC. Although the Bitcoin price has not tested this level, it will be a crucial level to watch and hold for BTC’s price prospects. Additionally, crypto analyst Rekt Capital points to a dramatic increase in sell-side volume, suggesting a potential near-term bottom and a possible bounce to higher levels, as has happened in the past. Economist and analyst Timothy Peterson’s data shows that in previous instances when the Bitcoin price dropped 25% in 10 days, it has rebounded 62% of the time, with an average gain of 17%. In 20 days, Bitcoin has fully recovered 15% of the time. Also key will be the performance of the spot Bitcoin exchange-traded fund (ETF) market, which has previously supported the Bitcoin price leading to the all-time highs reached in March. At the time of writing, the largest cryptocurrency on the market has managed to mitigate losses and rebounded to $53,260. Featured image from DALL-E, chart from TradingView.com
Crypto traders appear to agree that today’s market rout is far from over.
According to Swan Bitcoin CEO Cory Klippsten, “it just doesn’t feel like the right time for a festival” after the firm announced staff cuts in July.
According to a recent report, the Australian Federal Police (AFP) has launched an “in-depth” investigation into several phishing scams that have compromised about 2,000 crypto wallets belonging to residents in Australia. The revelation follows an in-thorough investigation by Chainalysis dubbed “Operation Spincaster,” which brought these security breaches to light. The report noted: The joint activity, […]
The 300 Ethereum coins were transferred from a wallet identified as “Noman Seleem Seized Funds” by the onchain analytics firm.
A rapid decline in the traditional markets has spread to cryptocurrencies, obliterating them with a significant drop in all major assets. What are the possible factors for this perfect storm?
In this market downturn, traders and investors have liquidated over $1.08 billion worth of long and short positions in the last 24 hours. This massive liquidation has created fear across the cryptocurrency landscape. Whales/investors transfer 2.38M SOL to CEXs Amid this fear, investors and whales have transferred a significant 2.38 million Solana (SOL) worth $307 …
In this market downturn, traders and investors have liquidated over $1.08 billion worth of long and short positions in the last 24 hours. This massive liquidation has created fear across the cryptocurrency landscape. Whales/investors transfer 2.38M SOL to CEXs Amid this fear, investors and whales have transferred a significant 2.38 million Solana (SOL) worth $307 …
Ethereum co-founder Vitalik Buterin offloaded his entire holdings of Neiro tokens, a Shiba Inu themed memecoin. The move came shortly after the Neiro project team airdropped 17.145 billion tokens to his Ethereum address, making him the temporary largest holder of the coin. This amount represented about 4% of the total supply of Neiro, valued at […]
The lack of movement so far “makes absolutely no sense,” Wharton's Jeremy Siegel tells CNBC.
Several factors accelerated ETH’s drop to $2,100, and analysts warn that the recovery could take some time.
The primary between two Democrats in Arizona’s 3rd Congressional District will likely go to a recount, with money from crypto interests involved in the race.
Bitcoin's 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there's been multiple occasions of similar drawdowns during previous bull markets.
After a blood bath across the cryptocurrency landscape, the market is showing signs of recovery. The top assets Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have gained an impressive price surge. In addition to this recovery, the recent post from blockchain security firm Arkham has gained massive attention. BlackRock, Fidelity, and Grayscale remain calm On …
Musk claims he was misled about the ChatGPT creator’s true purpose.
The Shiba Inu (SHIB) marketing lead, Lucie, has provided insights into the challenges that lie ahead for the meme coin. She also highlighted how the SHIB ecosystem has evolved since launching four years ago. Challenges That Lie Ahead For Shiba Inu Lucie mentioned in an X (formerly Twitter) post that “building a decentralized network state […]
It depends on what you're trying to protect that value from. Day-to-day market volatility, no. Confiscation or monetary inflation, maybe.
A group of Compound DAO members called the "Golden Boys" won a narrow vote to manage 5 percent of the DAO treasury on members’ behalf. Here’s what we can learn.
Pepecoin (PEPE) has carved out a niche in the cryptocurrency world with its unique blend of meme culture and financial innovation. Known for its rapid rise and significant impact on the meme coin market, Pepecoin (PEPE) set a high bar for success in the space. Now, Pepecoin investors are eyeing a new competitor that promises […]
Ethereum (ETH) remains at the forefront of blockchain innovation, renowned for its smart contract capabilities and decentralized applications. Mpeppe (MPEPE), the new cryptocurrency making waves, capitalizes on Ethereum (ETH)’s robust blockchain to deliver a unique value proposition. By leveraging Ethereum (ETH)’s technology, Mpeppe (MPEPE) ensures a secure and scalable platform for its operations. This synergy […]
Bitcoin (BTC) has long been the cornerstone of the cryptocurrency market, celebrated for its pioneering role in the digital asset space. As the first cryptocurrency, Bitcoin (BTC) has established itself as a store of value and a hedge against economic uncertainty. Historically, BTC has demonstrated significant volatility, with notable price surges and dips that have shaped its reputation as both a high-risk and high-reward investment. Current Market Challenges Despite its established status, Bitcoin (BTC) faces several challenges. Recent market fluctuations, regulatory scrutiny, and macroeconomic factors have introduced volatility, causing uncertainty among investors. As Bitcoin (BTC)’s price experiences significant swings, many are questioning its future performance and exploring alternative investment opportunities. What Sets MPEPE Apart Enter Mpeppe (MPEPE), a new cryptocurrency making waves in the digital asset space. Priced at a modest $0.00107, Mpeppe (MPEPE) offers a fresh take on the meme coin genre. It combines the viral appeal of meme culture with innovative blockchain technology and sports enthusiasm. Unlike traditional cryptocurrencies, Mpeppe (MPEPE) leverages the power of internet memes and popular culture to attract a diverse and engaged audience. Viral Appeal and Market Disruption Mpeppe (MPEPE)’s unique approach to digital assets includes integrating meme culture with serious blockchain innovation. This combination not only captures the public’s imagination but also enhances its market reach. By tapping into the viral nature of internet culture, Mpeppe (MPEPE) has the potential to engage younger demographics and broaden its adoption rapidly. Profit Potential: BTC vs. MPEPE Analyzing Bitcoin (BTC)’s Profit Potential Bitcoin (BTC) remains a strong player in the cryptocurrency market, with its value driven by a combination of historical significance, institutional interest, and limited supply. However, the volatility associated with Bitcoin (BTC) can present both risks and opportunities. The potential for high returns exists, but so does the risk of significant losses, making it a high-stakes investment. MPEPE’s Emerging Opportunities On the other hand, Mpeppe (MPEPE) represents a new wave of cryptocurrency investment. Its focus on meme culture and sports enthusiasm sets it apart from traditional assets like Bitcoin (BTC). Analysts suggest that Mpeppe (MPEPE)’s unique value proposition and viral potential could lead to substantial profit opportunities. By leveraging De-Fi protocols, Mpeppe (MPEPE) aims to provide users with access to a variety of financial services, such as lending, borrowing, and yield farming. Conclusion: Navigating the Crypto Landscape Bitcoin (BTC) faces market challenges, while Mpeppe (MPEPE) offers promising opportunities due to its innovative approach and integration with De-Fi protocols. Investors must weigh Bitcoin (BTC)’s stability against Mpeppe (MPEPE)’s potential, considering their risk tolerance and investment goals. The choice between Bitcoin (BTC) and Mpeppe (MPEPE) depends on strategy and risk appetite, and staying informed about their developments is crucial for well-rounded investment decisions. For more information on the Mpeppe (MPEPE) Presale: Visit Mpeppe (MPEPE) Join and become a community member: https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
Bitcoin (BTC), the pioneer of the cryptocurrency world, has recently experienced a significant price dump, shedding billions in market value. The sharp decline has been attributed to various factors, including macroeconomic uncertainties, regulatory concerns, and shifts in investor sentiment. As Bitcoin (BTC)’s price struggles, traders and investors are seeking new opportunities to mitigate losses and […]