Category: Market Analysis

[ad_1] Ripple Labs and the regulator jointly withdrew their respective appeals. The resolution has bolstered sentiments across the industry. XLM has breached a crucial resistance, hinting at continued rallies. Digital tokens recorded significant rallies in the past day as the global crypto market cap increased by over 3.50% to $3.87 trillion. Meanwhile, XRP and XLM…

[ad_1] Courts in the United States have frozen the financial assets of former Celsius CEO Alex Mashinsky. Former FTX CEO Sam Bankman-Fried’s appeal of his bail revocation has been deemed “meritless” by prosecutors in the case against him. Meanwhile, Grayscale told a U.S. securities regulator it has no legal leg to stand on to continue…

[ad_1] Share this article In an effort to strengthen investor protection in the digital asset space, Thailand’s Securities and Exchange Commission (SEC) has rolled out a fresh set of directives for firms offering digital asset services, including banning the use of customer assets for investing and lending, and putting more disclaimers of the dangers of…

[ad_1] Bernstein analyst says Grayscale ruling was a game changer. Gautam Chhugani expects Bitcoin to materially benefit from it. The world’s largest cryptocurrency is still lingering around $26,000. The recent ruling in favour of Grayscale and against the Securities & Exchange Commission was a “game changer”, says Gautam Chhugani – a Bernstein analyst. Chhugani expects…

[ad_1] The US dollar index jumped to the highest level in five months. The rally happened as the US economic growth continued. Cryptocurrencies like Litecoin have an inverse relationship with the USD. Litecoin price remained under intense pressure on Tuesday as the US dollar index (DXY) surged to the highest level in over five months.…

[ad_1] The crypto betting platform Stake faces allegations of a staggering $41 million security exploit. Known for its high-profile endorsement deal with Canadian rapper Drake, Stake is now at the epicenter of a multimillion-dollar hack. Crypto Betting Platform Exploited Security firm Cyvers first sounded the alarm, reporting a “private key leak.” Allegedly, the leak led…

[ad_1] Share this article DeFi protocol Arcadia Finance fell victim to a code exploit, leading to a significant loss of approximately $455,000. Blockchain security firm PeckShield was the first to detect and reveal the breach, attributing it to a coding oversight concerning untrusted input validation. #PeckShieldAlert Our community contributor has detected that @ArcadiaFi has been…

[ad_1] SEC delayed its decision this week on applications for a Bitcoin ETF. Former SEC chair Jay Clayton talked Bitcoin ETF with CNBC on Friday. The world’s largest cryptocurrency is down 18% versus its YTD high. The U.S. Securities and Exchange Commission delayed its decision on a bunch of applications for a Bitcoin ETF this…

[ad_1] Cryptocurrencies had a mixed week after Grayscale scored a major victory against the Securities and Exchange Commission (SEC). That verdict led to a major rebound of most cryptocurrencies like Bitcoin and Litecoin.  The gains were short-lived after the SEC decided to delay its decision on several ETF proposals by companies like Blackrock, Invesco, and…