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On Friday, Ripple’s cryptocurrency XRP registered a 2.27% uptick, marking its consecutive positive sessions following a 2.14% rise on Thursday, wrapping up at $0.5216. Significantly, Deaton spotlighted the ripple effects since the SEC’s declaration of intent to contest Judge Torres’ judgment. Deaton anticipated Judge Torres to nod to the SEC’s request for an interlocutory appeal. In his viewpoint, this interlocutory motion provides an avenue for Judge Torres to address critiques from Judge Rakoff, the overseeing judge in the SEC vs. Terraform Labs lawsuit. Deaton, elucidating on the appeal’s timeline, emphasized one to two years. Consequently, the interlocutory appeal would place the SEC vs. Ripple litigation on hold until the SEC’s appeal concludes. Deaton asserted, “If the SEC emerges victorious at the second circuit, which I’m skeptical they will, the case then circles back to Judge Torres.” He elaborated that Judge Torres would reapp...

Litecoin’s price halved in less than three months Buying the dip is risky despite a small head and shoulders pattern forming The dollar’s rally needs to stop for coins like Litecoin to reverse fortunes The US dollar registered one of the biggest rallies ever during summer . For example, it gained against the EUR for eleven consecutive weeks – the first time ever!  It wasn’t only the EUR that the dollar strengthened against. In fact, it was a broad-based dollar strength, as it squeezed everything in its way higher.  That means cryptocurrencies, too.  Some of the cryptocurrencies fared better than others. For example, Bitcoin still holds close to its 2023 highs, moving in a horizontal consolidation for months.  However, some other coins did not perform so well. Litecoin (LTC/USD) is one of them, as its price halved during the summer months. It was trading at $115 in July, only to drop to $60 in less than two mo...

SBI Holdings and TradeFinex have established a joint venture in Japan to promote their enterprise blockchain platform on the XDC Network. SBI Holdings, a Tokyo-based company that provides financial services, is the group’s primary holding firm for various businesses and branches.  TradeFinex operates a decentralized finance platform on the XDC Network. It connects trade finance originators with banks and lending institutions, offering blockchain -based products like letters of credit, invoicing, and supply chain finance. You might also like: Honda to launch NFTs at Japanese Formula 1 In the past, TradeFinex has partnered with institutions such as the International Chamber of Commerce and the World Trade Organization (WTO) to expand blockchain technology’s use and benefits.  Japan has been working on developing the crypto industry for several years, having legalized Bitcoin (BTC) as a payment method in 2017, making it one of the first jurisdictions ...

Fund manager Valkyrie gained approval to add Ethereum futures as part of its Bitcoin Strategy exchange-traded fund (ETF). “Today, the Valkyrie Bitcoin Strategy ETF (Nasdaq: $BTF) began adding exposure to Ether futures contracts, making it the first US ETF to provide exposure to Ether and Bitcoin futures contracts under one wrapper,” a spokesperson told CoinDesk. 🚨BREAKING BULLISH NEWS🚨 Valkyrie is now letting people invest in #ETH futures with their combined Bitcoin and Ether Strategy ETF. They're the first in the U.S. to offer a chance to predict the future price of the second biggest digital currency! History in the making today… pic.twitter.com/os9m5IresJ — Bito Ordileone 🌹 (@bitoordileone) September 28, 2023 The company has now begun acquiring Ethereum futures contracts as it prepares to provide the offering starting October 3. As a result, Valkyrie’s Bitcoin Strategy ETF will be renamed to Valkyrie Bitcoin and Ether ...

Shiba Inu rose in popularity shortly after its launch. The asset was launched into the crypto market three years ago. In Q4 2021, the asset reached its peak. Despite being in a bear market currently, SHIB’s aggregate valuation is currently greater than $4 billion. In fact, the token ranks higher than other prominent tokens like Uniswap, Avalanche, and VeChain. Also Read: Shiba Inu: How Much ‘Percent’ Must SHIB Rise to Reach $1? Shiba Inu’s Value Inflation SHIB was trading at $0.000000000510 around its launch period. It then halved in value and added a couple of zeros by the end of 2020. Thus, if an investor diverted $1000 into SHIB during its early days, the value of the investment would have first shrunk to $550.98 and then straight away dropped to $1.96. However, 2021’s bull run changed the asset’s fate. The investment blew up to $19,606 and then claimed $98,000 in Q1. In May, it rose to $17.25 million. In early October, when SHIB was on its way to sc...

Russian Prime Minister Mikhail Mishustin announced on Sep. 28 that the country is developing a blockchain -based system for international settlements using digital financial assets (DFA), which are tokenized versions of traditional financial instruments. Speaking at the Moscow Financial Forum, the Prime Minister said that the Russian government alongside the Bank of Russia has prepared the law framework for the system , according to a report from TASS, Russia’s state news service. “We are currently working on launching cross-border payments based on blockchain technology using digital financial assets and utilitarian digital rights.” Mikhail Mishustin Mishustin neither explained when Russia plans to launch the new system nor how exactly it wants to attract new investments to ease capital flow. You might also like: Bank of Russia wants to ‘avoid super-close attention’ with CBDC His statement comes just a few months after he visited China for a two-da...

Bitcoin (BTC) and specific alternative cryptocurrencies continue to demonstrate resilience, even in the face of the US dollar index surging to nearly a one-year peak. Despite the S&P 500 experiencing a three-month low and the US dollar index (DXY) reaching a new year-to-date high, Bitcoin has managed to maintain its position above $26,000. This relatively stable performance indicates a lack of aggressive selling at lower price levels, which can be seen as a mildly positive signal. Bitcoin remains range-bound, and its price action lacks a clear direction, causing many traders to stay on the sidelines. Recent research from the on-chain analytics platform CryptoQuant reveals that Bitcoin’s daily spot exchange transactions exceeded 600,000 in March but have since dwindled to 8,000 to 15,000 in the past week. This decrease in liquidity increases the potential for volatile price swings in either direction, underscoring the importance of caution among traders. It is ...

Coinbase International Exchange has received regulatory approval. The approval underscores the company’s commitment to global expansion. Coinbase’s CEO continues to advocate for regulatory clarity. Coinbase, a leading cryptocurrency platform, has achieved a significant milestone by gaining regulatory approval from the Bermuda Monetary Authority (BMA) to offer perpetual futures trading services to retail customers outside the United States. This development marks a strategic move to expand Coinbase’s global presence in the cryptocurrency market. Global futures market dominance The global futures market plays a pivotal role in the cryptocurrency ecosystem, accounting for nearly 80% of the total crypto market. It facilitates leveraged transactions and derivatives trading, which often contribute to market volatility. With this approval, Coinbase International Exchange aims to tap into the immense trading activity in the crypto derivatives ...

Chainlink (LINK) has recently showcased encouraging signs, especially with its price staying robust above the $7.25 benchmark against the US dollar. Moreover, trading above the critical $7.30 threshold and the notable 100 simple moving average (4 hours) underscores this bullish momentum. A significant bullish trend line has been spotted, offering support near the $7.25 zone on the LINK/USD pair’s 4-hour chart, as data from Kraken illustrates. LINK Outpaces Bitcoin and Ethereum Our previous LINK price evaluation highlighted the potential for further elevation beyond the $7.00 mark against the US dollar. Consequently, the currency didn’t just hold its ground but also surged past the $7.25 boundary. Significantly, Chainlink continued. It surpassed the $7.50 mark, reaching a commendable $7.56 high, outclassing giants like Bitcoin and Ethereum in its ascent. However, a slight downward correction took the price below $7.40, nudging it to test the 23.6% Fib retracement level. ...

How to Trace Bitcoin Address Owners: A Comprehensive Guide for Financial Institutions In the world of cryptocurrencies, Bitcoin is renowned for its anonymity. It allows users to send and receive payments without revealing their real-world identities. However, it is possible to trace the owners of Bitcoin addresses through various methods and techniques. Financial institutions, law enforcement agencies, and other entities involved in combating illicit activities often need to identify the individuals behind Bitcoin addresses to prevent money laundering, fraud, and other criminal activities. In this comprehensive guide, we will explore thie strategies and tools that can be used to trace Bitcoin address owners Also read: Bitcoin Could Hit $28,000 But Faces 13% Correction Risk Source: Bitcoinist Understanding Bitcoin Addresses Before diving into the methods of tracing Bitcoin address owners, it is essential to understand the basics of Bitcoin addresses. A Bitcoin address is...

Binance Co-Founder Yi He urges the team to stay resilient amidst regulatory challenges and competition. She highlights core principles: unique products, top-notch service, and efficient resource allocation for long-term success. Binance’s past innovations and internal unity are seen as keys to facing current trials and cementing its status. Binance Co-Founder Yi He penned an open letter urging the crypto exchange’s team to stay resilient while navigating escalating challenges from regulators and competitors. I just talk about bear market . https://t.co/S1j2LAJT1t — Yi He (@heyibinance) September 27, 2023 With Binance facing lawsuits, restrictions, and tightening oversight across multiple jurisdictions, the co-founder acknowledged that the current climate marks a critical moment. However, she insisted Binance possessed the skills and experience to prevail through tribulations once again. Binance CMO reminded staff of the core princip...

This year, there has been significant buzz surrounding Bitcoin spot exchange-traded funds [ETFs], with many prominent industry participants joining in. The U.S. Securities and Exchange Commission [SEC] is known for its consistent pattern of postponing crypto ETF proposals, and it appears that the trend will continue in 2023. In a notice dated Sept. 26, the SEC announced its intention to extend the timeframe for considering the approval or disapproval. This modification is related to enabling the ARK 21Shares Bitcoin spot ETF to be listed on the Cboe BZX Exchange. The SEC’s filing further read, “The Commission designates January 10, 2024, as the date by which the Commission shall either approve or disapprove the proposed rule change.” The previous extension, granted on Aug. 11, had provided the regulatory authority with a timeframe until Nov. 11 to render a decision concerning approval, disapproval, or an additional delay. It’s worth mentioning that no...

Sep 26, 2023 at 10:46 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, Polygon (MATIC) price is bearish and has retested the June 10 low. Long-term forecast of the Polygon price: bearish Since the negative trend ended on June 10, MATIC has been in a sideways trend. The altcoin fell to its previous low of $0.50 today before starting to rise. At the time of writing, MATIC's price is at $0.52. The previous low of $0.50 has been retested three times by the bears, but each time they recovered. On the positive side, the 21-day line SMA ...

Key takeaways Dogecoin has been underperforming in recent days and risks dropping below the $0.060 level in the near term. Shiba Memu’s presale continues to reach new highs and recently crossed the $2.6 million region. DOGE, the native coin of the Dogecoin ecosystem, has been one of the worst performers over the past seven days. It has lost more than 4% of its value in recent days, with Bitcoin also struggling below $26k. However, the market’s poor performance hasn’t halted Shiba Memu’s ongoing presale from hitting new highs.   DOGE could drop below $0.060 soon DOGE is one of the worst performers amongst the top 10 cryptocurrencies by market cap over the past seven days. The leading meme coin has lost more than 5% of its value during that period. At press time, the  price of Dogecoin stands at $0.06027. If the bearish trend continues, DOGE could drop below the $0.060 mark. The poor performance comes as the broad...

Bitcoin advisor Max Keiser tweeted earlier today that XRP is centralized. The allegation was made based on a patent that doesn’t mention digital assets and origins from 1991. The XRP community called out Keiser and claimed that the patent has no connection with XRP. On September 24, Volcano Energy’s co-founder and crypto expert, Max Keiser tweeted that XRP is centralized. Keiser, also a Bitcoin advisor to El Salvador’s president, shared a screenshot of a United States patent created by Ripple’s Chief Technology Officer David Schwartz, dated June 18, 1991. XRP is CENTRALIZED s*** as you can plainly see from the patent. https://t.co/6OolWXh28L pic.twitter.com/TVfk1MWbg8 — Max Keiser (@maxkeiser) September 24, 2023 The patent, which doesn’t mention digital assets, pertained to a computer system comprising numerous interconnected personal computers collaborating to execute tasks, possibly alluding to the foundational distributed ledger technology...

The crypto market continues to be in a macro-bear run. At the peak of 2021’s bull market, the worth of all assets in the crypto market stood around $3 trillion. However, the number is down to $1 trillion at the moment. As illustrated below, the market initially corrected for a period of seven months between mid-November 2021 and early June 2022. Right after, it stepped into its consolidation phase and has been stuck in that zone ever since. Crypto Total Market Cap by TradingView Also Read: Bitcoin Market to See Capital Influx of $300 Billion: Morgan Creek CEO Is the Crypto Market Gearing to Recover? Over the past six months, BTC has lost 4.8% of its value. However, in the year-to-date frame, it was up 58%. Likewise, ETH was up 32%, while ADA was in a break-even state. Thus, even though the state of affairs looks bleak in the short term, it should be noted that gradual progress is being made by individual crypto assets. Source: Vecteezy Also Read: 97.5% of New Bitco...