As equities markets continue to fall, major cryptocurrencies are likely to remain range-bound for the next few days. The unprecedented volatility in the equity markets continues as the traders are trying to assess the economic damage and the remedial measures that have been taken to support the economy. A growing number of developed nations have…
Read more
Cryptographer and leading software engineer at a Ripple team, Nik Bougalis, offers advice on remote work management to firms amid the coronavirus pandemic. Cryptographer and leading C++ software engineer at Ripple Nik Bougalis offers advice on remote work management to firms amid the coronavirus pandemic. In a March 16 tweet, Bougalis offered his help to…
Read more
A class action suit against Ripple Labs may set precedent for cryptocurrencies that aren’t securities to face putative claims. A California court has argued that cryptocurrencies that are not securities may be subject to federal laws targeting unfair, deceptive, or abusive acts or practices (UDAAP) during a Feb. 26 hearing for a consolidated class action…
Read more
The crypto markets are attempting a relief rally but are struggling to sustain the higher levels. This shows that selling is not over yet. Capitulation occurs when traders are scared. On March 12, most asset classes witnessed a massive selloff with no place to hide. Even gold declined 3.17%, which shows that the traders sold…
Read more
The crypto markets have turned down sharply over the weekend and are threatening to wipe out all the gains made in 2020. Crude oil prices plunged about 30% on Monday to the lowest levels seen since Feb. 2016. This triggered a sell-off in global equity markets, which were already reeling under the pressure of a…
Read more
Several cryptocurrencies have broken out of their first resistance levels, which suggests that the bulls might be back in the game. Roughly 42% of the total Bitcoin supply has not moved in the past two years. This shows that the investors are holding on to their Bitcoin as they expect the price to rally further.…
Read more
The bulls have succeeded in defending the 200-day SMA in most major cryptocurrencies. This is likely to result in a sharp relief rally in the next few days. After the rout last week, most asset classes have started the week with a rebound. The total crypto market capitalization has bounced from the recent lows of…
Read more
In an interview on Ripple’s YouTube channel, CTO David Schwartz discussed features to broaden the ledger’s functionality. Blockchain-based financial services network RippleNet provides a safe, convenient, and easy-to-use wallet for holders of the cryptocurrency XRP, and the features to their system’s ledger may be expanding. RippleNet has been developed significantly since it was created in…
Read more
If the bulls successfully defend the 200-day moving average on several major cryptocurrencies it might offer buying opportunities for traders. Recently, the chairman of Virgin Galactic Chamath Palihapitiya said that “everybody should probably have 1% of their assets in Bitcoin,” as it is “an uncorrelated hedge” to the excesses in the financial industry. He did…
Read more
A lawsuit alleged that XRP is an unregistered security has been allowed to move forward in a United States federal district court. A United States federal district court has decided to allow a lawsuit alleging that Ripple’s XRP crypto asset is an unregistered security. Court documents filed on Feb. 26 reveal that Judge Phyllis Hamilton…
Read more
