The long running legal battle between Ripple and the US Securities and Exchange Commission (SEC) is getting intense as both parties are looking for an edge in the last remaining tussle. Ripple's chief legal officer just dropped a major prediction about the 2nd Circuit's potential moves.
An adviser to the European Central Bank has suggested a Bitcoin ban, sparking backlash among the crypto community.
Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news from the past week. In this issue, Brazil pushes BRICS to use national currencies instead of the dollar, bitcoin adoption reaches critical levels in El Salvador, and smart contracts achieve legal status in Argentina.
In a stark critique of the European Central Bank's latest research, prominent analyst Tuur Demeester has labeled the ECB's new publication as a “true declaration of war” against Bitcoin. The ECB's paper, titled “The Distributional Consequences of Bitcoin,” authored by Ulrich Bindseil and Jürgen Schaaf, has ignited a fervent response from the BTC community.
The cryptocurrency market has seen substantial upward momentum, with a 1.79% gain in overall market cap to $2.38 trillion. In addition, 24-hour trading volumes have risen by 65.13%, indicating higher trader activity. The Fear & Greed Index is at 63, showing an increasing sense of market greed as Bitcoin's dominance grows to 57.2%.
Bitcoin (CRYPTO: BTC) investors were suddenly waking up after years of dormancy to move around their stash as the leading cryptocurrency gathers upward momentum toward all-time highs. What Happened: On-chain analytics firm Whale Alert reported that a Bitcoin address, dormant for roughly 11 years, transferred 21.87 BTC to another address Sunday overnight.
A new research paper from the Federal Reserve Bank of Minneapolis has raised concerns about Bitcoin's impact on government fiscal policies, suggesting that the cryptocurrency may need to be taxed or banned to help governments manage deficits.
The XRP Ledger has logged a substantial increase in active wallets, according to analytics platform Santiment.
Bitcoin is making another roller coaster move, climbing to $69,000 before taking off for a new financial twist.
On October 18, the U.S. Securities and Exchange Commission (SEC) approved two key filings allowing the listing and trading of options on spot Bitcoin Exchange-Traded Funds (ETFs) by both NYSE American LLC and Cboe Exchange, Inc.
Ripple's Chief Legal Officer, Stuart Alderoty, recently reaffirmed that XRP is not a security, a point that continues to stir debate despite a clear court ruling. In July 2023, Judge Analisa Torres ruled that XRP, when traded on secondary markets, is not classified as a security. While the U.S.
According to Bitget's chief analyst, Ryan Lee, XRP's price is likely to fluctuate between $0.50 and $0.80 for the rest of 2024. This range hinges on regulatory developments and the ongoing legal battle between Ripple and the U.S. SEC.
Legendary investor Bill Miller anticipates that financial advisors will begin recommending a 1% to 3% allocation to Bitcoin in investment portfolios within the next three to five years.
High open interest signals more leverage, which could induce another flush-out if positions are liquidated.
Tesla chief executive Elon Musk has called crypto "interesting and probably valuable" boosting the bitcoin price
Craig Wright has initiated a new lawsuit against Bitcoin Core and Jack Dorsey's company Square, representing himself in the case.
The legal battle between RIpple Labs and the U.S. Securities and Exchange Commission (SEC) has reached a crucial point. Recently, Stuart Alderoty, Ripple's Chief Legal Officer, discussed the SEC's appeal efforts in his X post. He explained why the regulatory body may not have a favorable outcome. The SEC wants to overturn Judge Torres' ruling.
The crypto prices today have continued reverberating significant investor optimism globally. Bitcoin (BTC) price maintained a hold above the $68K level today.
BTC nears $70,000 on strong ETF inflows, while XRP faces SEC-driven volatility amid Ripple lawsuit developments.
Before bitcoin's fourth halving, the crypto asset soared to a peak of $73,794 on March 14, as recorded on Bitstamp. During the period from March 10 to April 10, bitcoin's hashprice—representing the estimated daily earnings for 1 petahash per second (PH/s)—fluctuated between $105 and $125 per PH/s.
The US presidential election is expected to have more impact on the crypto market in the weeks leading up to its result, one expert said.
An analyst presumes that if XRP continues growing with the same percentage rate by March 2025 or Q1 2025, then price targets of $6.40 and $27 will be seen. This is based on historical price actions because XRP can be seen rallying within such a time frame.
The Federal Reserve Bank of Minneapolis suggests that a ban or tax on Bitcoin could ensure its ability to run permanent budget deficits.
Bitcoin's rise fuels optimism, potentially driving further institutional interest and market growth amid geopolitical and economic shifts. The post Bitcoin's surge above $69,000 triggers market-wide rally appeared first on Crypto Briefing.
Bitcoin price extended gains above the $68,000 resistance zone. BTC is now consolidating and aiming for more gains above the $69,500 resistance.
A sell signal appeared on Bitcoin's chart. Will it drop to $66k again?
A widely-tracked momentum indicator has flipped positive for the first time since April.
Asia shares dipped in and out of positive territory on Monday, under pressure from weakness in Chinese stocks, but bitcoin scaled a three-month peak as "Trump trades" continued to ramp up.
Bitcoin's rise is enriching early adopters at the expense of society, according to a paper by European Central Bank (ECB) economists. They argued that bitcoin's speculative growth leads to wealth redistribution, where early investors gain while non-holders and latecomers are left poorer.
Leading cryptocurrencies maintained bullish momentum over the weekend, boosting expectations for new all-time highs. Cryptocurrency Gains +/- Price (Recorded at 8:45 p.m.
Bitcoin faces key resistance at $70K, volatility rises with bullish sentiment returning.
Crypto whales' wallets have been the subject of attention and sometimes obsession since they carry a vast holding of Bitcoin, and their movement can affect market prices and impact volatility. Today, many websites and social media users track these wallets and their most recent transactions.
The cryptocurrency landscape is buzzing with excitement following a significant regulatory approval from the U.S. Securities and Exchange Commission (SEC). The SEC has authorized the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to begin trading options on various spot Bitcoin Exchange-Traded Funds (ETFs).
Cryptocurrency bitcoin hit a three-month high in early Asia trading on Monday and the dollar looked set to extend its gains in markets counting down to the U.S. presidential election in two weeks.
The cryptocurrency market is known for its volatility, and recent actions by Ripple whales have contributed to another wave of uncertainty for XRP investors. In the past 24 hours, significant sell-offs by large holders have led to a noticeable decline in XRP's price, prompting concerns among traders and analysts alike.
On Sunday, bitcoin (BTC) climbed past $69,000, hitting an intraday peak of $69,363 per coin. Over the past week, BTC gained 9.3%, expanded 63% since the start of the year, and increased by 132% over the last 12 months. The global trading volume across the crypto economy sits at $71.30 billion, with BTC contributing $15.
XRP has displayed a noteworthy trend: relative price stability. Even after facing multiple market cycles, many believe this stability could play a crucial role in its adoption, especially among institutional investors.
Bitcoin's leap to $68K reflects a psychological play. If this keeps up, BTC could be heading straight for $73K.
A prominent analyst, Javon Marks, has identified a bullish setup that could lead XRP on a path toward a significant price increase, potentially reaching as high as $17. This projection draws intriguing comparisons to XRP's price behavior in 2017, a period marked by substantial growth.
Economists at the European Central Bank (ECB) have raised alarms about the potential societal impact of Bitcoin's rising price. They argue that the cryptocurrency has shifted from Satoshi Nakamoto's vision of a global payment system to an investment asset.
Ripple is gearing up to file its Form C next week. This move comes in the wake of the U.S. Securities and Exchange Commission (SEC) recently appealing a court ruling concerning Ripple's sales of its digital asset, XRP.
Between 2023 and 2024, the number of Bitcoin millionaires climbed by almost 111%, reaching 85,400 or 49.6% of all crypto millionaires in 2024. Regarding cryptocurrency billionaires, five of the six newcomers this year also trace their success to Bitcoin, Henley & Partners disclosed in its 2024 Crypto Wealth Report.
Ripple CEO Brad Garlinghouse threw more light on RLUSD stablecoin, related regulations, and its case with the United States Securities and Exchange Commission. The crypto executive also addressed talks of an XRP ETF and lingering concerns about going public.
Bitcoin (BTC) traded mostly flat over the weekend, following a strong week where its price briefly climbed above $69,000 on Friday.
Former NBA legend Scottie Pippen continues to receive attention for his intriguing dreams, this time stirring the Bitcoin community with a tweet about a recent vision featuring Satoshi Nakamoto, the anonymous creator of Bitcoin.
Bitcoins market cap has surged to $1.35 trillion, creating a $1 trillion lead over Ethereum. With BTC trading above $68,000, bullish momentum continues, leaving traders speculating on Bitcoins long-term potential to sustain its dominance in the cryptocurrency market and reach higher price levels.
ECB's stance on Bitcoin unchanged as it officials call for policy to cap its growth or make it 'disappear.'