With the cryptocurrency market seeing ongoing positive traction, analysts highlight potential picks for the best crypto to buy now. Image by cryptonews.com. With the cryptocurrency market seeing ongoing positive price movement, analysts highlight Conflux (CFX), Chainlink (LINK), Aptos (APT), Bitcoin Minetrix, and TG.Casino as potential picks for the best crypto to buy now. Conflux has…
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The SEC made a surprising decision on Thursday to pull back on its legal action against Ripple, affecting both CEO Brad Garlinghouse and co-founder Chris Larsen. This marks the third win in a row for Ripple in its legal battles. This news coincided with a more than 7% rise in the price of XRP, the…
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Reddit announced on October 17 that it would discontinue its blockchain-based “Community Points” rewards service on November 8, citing challenges related to scalability. The decision came as a surprise to the Reddit community and led to a swift decline in the value of the associated tokens. With the recent news of Reddit’s decision to discontinue…
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New revelations from former Alameda Research CEO Caroline Ellison surfaced today regarding the crypto hedge fund’s financial relationship with FTX prior to the exchange’s collapse. Speaking to Alameda staff in Hong Kong last November, Ellison acknowledged the firm borrowed large sums from FTX customer accounts to fund its investments, according to an audio recording obtained…
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New data released Thursday showed U.S. inflation remained elevated in September, sending Bitcoin and other cryptocurrencies modestly lower. The Consumer Price Index, which tracks costs for household goods and services, rose 0.4% last month, according to the Bureau of Labor Statistics. While that marked a slowdown from the 0.6% increase in August, it exceeded economist…
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Federal judge Analisa Torres rejected a motion filed by the Securities and Exchange Commission (SEC) seeking to appeal its loss against Ripple Labs on October 3. Judge Torres ruled that the SEC failed to demonstrate that the case involved controlling legal questions or substantial differences of opinion that warranted an appeal at this stage. As…
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Fueled by renewed optimism, Bitcoin briefly rallied back above $28,000 on Monday for the first time since August. But the largest cryptocurrency has since pared those gains, dipping to $27,758 as of writing, down 0.85% so far today. While Bitcoin saw an approximate 6% spike over the past 48 hours, peaking around $28,597, it has…
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The fate of a spot bitcoin exchange-traded fund (ETF) in the U.S. remains in limbo as the Securities and Exchange Commission (SEC) continued to delay decisions on several high-profile applications on September 28. The regulator postponed judgments on filings from financial giants BlackRock and Invesco, along with crypto asset managers Bitwise and Valkyrie. This marks…
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The asset management firm VanEck announced on Thursday that it plans to launch an exchange-traded fund (ETF) based on Ethereum futures contracts in the near future. The VanEck Ethereum Strategy ETF (EFUT) will invest in cash-settled futures contracts for ether, the native cryptocurrency of the Ethereum blockchain network. Amidst these current cryptocurrency ETF developments, what…
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Intrigue is swirling after X’s inaugural Client Council event provided insight into the platform’s ambitions to evolve into “The Everything App,” with many in crypto circles dissecting hints about potential peer-to-peer payment options. While details remain scarce, the event spotlighted X’s vision for enhanced features like video calling and sparked rumors that crypto transaction capabilities…
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