As Ripple fends off SEC lawyers, XRP enjoys an explosive weekend pump Amid a weekend pump carrying multiple cryptocurrencies higher, Ripple’s XRP looks to be leading the way with a push as high as 30% on the daily — carried on the back of a string of legal victories and rumors of relisting at some…
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Positive news regarding the SEC lawsuit saw XRP price rally above $1 and its futures open interest to reach an all-time high. XRP price’s journey to $1 this year has been nothing short of spectacular, considering the ongoing Securities and Exchange Commission’s lawsuit against Ripple initiated in December 2020. The regulator alleges that XRP was a $1.3 billion…
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The rally in Bitcoin and select altcoins seems to have hit a wall as bears continue to aggressively push back at key overhead resistance levels. Hong Kong tech company Meitu revealed on April 8 that it had added $10 million worth of Bitcoin (BTC) to its holdings which were purchased at an average rate of…
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“My number one recommendation to U.S. regulators is: look at the rest of the world and don’t get out of step,” David Schwartz said in an exclusive interview with Cointelegraph. David Schwartz, chief technology officer at Ripple Labs, says U.S. regulators’ response to the crypto industry may help XRP in the end but is also…
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Twelve crypto billionaires have made the Forbes list for 2021, with Sam Bankman-Fried the leader in crypto with a net worth of $8.7 billion. Forbes released their annual billionaires list on April 6, with Amazon overlord Jeff Bezos and his $177 billion topping the list for a fourth consecutive year. Announcing Forbes’ 35th Annual World’s…
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XRP has surpassed $1 for the first time in 37 months as major cap altcoins are starting to follow Ethereum. The price of XRP has surpassed $1 on April 6 for the first time since March 2018, putting its market valuation at around $47 billion. Moreover, the fourth-largest cryptocurrency in the global market has broken…
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Bitcoin and most major altcoins have bounced off their immediate support levels, indicating an increase in bullish sentiment. The total crypto market capitalization reached the important milestone of $2 trillion on April 5. As cryptocurrencies increase in value, they are likely to attract further investments from institutional investors because they can no longer afford to…
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Select altcoins could rally higher if Bitcoin and Ethereum hold on to their recent gains. According to a recent research note by JPMorgan, institutional investors have withdrawn about $20 billion from their gold investments since mid-October and during the same time frame, institutional inflows into Bitcoin (BTC) have increased by $7 billion. The bank said,…
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Bitcoin’s recovery from its recent lows and the stellar performance from altcoins signal that bulls are confident BTC will retest its all-time high. Following in the footsteps of Morgan Stanley, Goldman Sachs has announced plans to allow its wealth management clients to trade in cryptocurrencies and other digital assets. In an interview with CNBC, Mary…
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Payment provider Nuvei has launched support for nearly 40 crypto assets including lesser-known coins from previous market cycles, such as Reddcoin, Steem, Bitcoin Gold, and Siacoin. E-commerce merchants can now transact in nearly 40 cryptocurrencies through global payment platform Nuvei. According to the announcement, merchants partnered with the payment provider can use an array of…
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