This week, we examine Ethereum, Ripple, Binance Coin, Toncoin, and Shiba Inu in greater detail. Ethereum (ETH) While Ethereum had a volatile week, its price held well and closed it with a 1% gain.
In the lawsuit, Bitnomial has challenged the SEC's assertion that XRP futures contracts fall under its jurisdiction as “security futures”.
Spot Bitcoin exchange-traded funds in the U.S. witnessed their third consecutive day of outflows on Oct. 10, while spot Ethereum ETFs posted a modest but positive turnaround after a day of inactivity.
Despite the BTC price witnessing a momentary drop to under $59k last night, Ethereum recorded a 0.66% rise, leading to an intraday doji candle. The ETH price is currently trading at $2381, with a minor intraday pullback of 0.14%.
Ripple's Chief Legal Officer recently announced that the company has filed a cross-appeal, aiming to close any remaining issues.
Here's the latest update on the Ripple v. SEC front.
Crypto markets will witness $1.61 billion in Bitcoin and Ethereum options contracts expire today. The massive expiration could cause a short-term price impact, particularly after Bitcoin briefly broke below $60,000.
Ripple announced several updates to its Ripple Custody platform on 10 October 2024, aimed at enhancing the infrastructure used by fintechs and crypto businesses to manage digital assets.
The SEC said that XRP is a financial security and requested Bitnomial to register as a national securities exchange, according to the filing.
On 10 October 2024, Bitnomial Exchange LLC filed a complaint in the United States District Court for the Northern District of Illinois, seeking declaratory and injunctive relief against the U.S. Securities and Exchange Commission (SEC).
Crypto derivatives platform Bitnomial has sued the United States Securities and Exchange Commission over its claim that XRP futures are securities and subject to the agency's jurisdiction. In an Oct.
Bitnomial, a digital asset exchange, is pushing back against the SEC. The SEC says that XRP futures should be treated as securities. Bitnomial disagrees. This legal fight could have big consequences for crypto trading in the U.S. Let's break it down.
According to Bitnominal, a CFTC-regulated digital asset derivatives exchange, the U.S. Securities and Exchange Commission continues to believe that the XRP token is a security.
Brad Garlinghouse, Ripple CEO, accused the US Securities and Exchange Commission (SEC) of disregarding the rule of law following their ongoing legal battles. He criticized SEC Chair Gensler for “creating havoc” and stifling US innovation.
Solana tested the $135 support and recently corrected losses. SOL price is rising and might gain bullish momentum if it clears the $144 resistance.
In the ongoing legal battle, Ripple filed a “cross-appeal” on October 10, 2024, following the United States Securities and Exchange Commission's (SEC) recent appeal earlier this month. With this cross-appeal, both Ripple's and SEC's appeals will now be handled together in one case.
A significant portion of the massive cryptocurrency haul seized from the PlusToken Ponzi scheme is reportedly being sold off, with OXT Research analyst ErgoBTC revealing that 7,000 Ether worth $16.7 million was recently moved to exchanges, potentially signaling the liquidation of the entire $1.3 billion in ETH seized from the scheme.
XRP price is moving higher from the $0.5220 support. The price could gain bullish momentum if it clears the $0.5360 and $0.5450 resistance levels.
Chicago-based digital asset derivatives exchange Bitnomial has initiated legal action against the U.S. Securities and Exchange Commission (SEC), challenging the agency's claim that XRP futures fall under the category of “security futures.”
Online reports revealed that the Chinese Government has started to move thousands of Ether (ETH) seized from a $4 billion crypto Ponzi scheme. As a result, Ethereum investors have recently shared their concerns about the possibility of a massive sell-off.
Ethereum price extended losses and tested the $2,320 support. ETH is now correcting losses and might aim for a fresh increase above the $2,420 resistance.
The XRP token is already regulated as a commodity and the SEC “duplicates and compounds the regulatory burden” by saying it's a security, Bitnomial said in a lawsuit.
The lawsuit could set a precedent for how crypto derivatives are regulated, potentially reshaping the SEC's authority over digital assets. The post Bitnomial files lawsuit against SEC, challenges its claim that XRP futures are securities appeared first on Crypto Briefing.
‘Uptober' remained elusive as leading cryptocurrencies stagnated after hotter-than-expected inflation data poured cold water on expectations of further interest rate cuts by the Federal Reserve. Cryptocurrency Gains +/- Price (Recorded at 9:15 p.m.
These deposits have triggered a surge in Ethereum exchange reserves to a three-week high.
Ethereum investors, on-chain data reveals that large holders, commonly referred to as “whales,” have been persistently selling their ETH over the past six months. This ongoing distribution raises significant concerns about the future price trajectory of the cryptocurrency.
Bitnomial, a cryptocurrency derivatives exchange, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) over the regulatory authority concerning XRP futures contracts. The lawsuit disputes the SEC's claim that XRP futures are “security futures,” which would place them under the agency's jurisdiction.
Ripple announced on October 10 that it would file a cross-appeal with the U.S. Court of Appeals for the U.S. SEC vs. Ripple lawsuit.
The SEC contacted the exchange to express that it would be violating federal securities laws if it proceeded with the XRP futures listing.
A range of new features for Ripple Custody are now available for institutional clients to cater to the demand for robust and secure custodial solutions.
Banking giant Standard Chartered predicts that solana could experience a significant surge of up to 400% if Donald Trump wins the 2024 U.S. presidential election. The bank's head of digital assets suggests that solana's faster transaction speed and support for decentralized applications position it well in a crypto-friendly environment.
Today, Ripple Labs filed a notice of cross-appeal, indicating its readiness for the next step in the case brought by the US securities regulator almost four years ago.
Significant activity has been displayed by Shiba Inu, as evidenced by a spike in large transaction volume of 4.1 trillion SHIB over the last day, almost reaching its seven-day high. Large transaction volumes often signal increased interest from larger holders, or whales, which may have a significant impact on how prices behave in the future.
Ripple has announced a major upgrade to its Ripple Custody service, aiming to deliver bank-grade crypto custody solutions to fintech firms and crypto businesses.
As investors seek the next big opportunity in the cryptocurrency space, ETFSwap (ETFS) is a strong challenger that could outperform Shiba Inu (SHIB) and Ripple (XRP) owing to its innovative approach and robust features.
Solana (SOL) stands at a crucial juncture. Currently priced at approximately $142.98, investors are eager to see if the altcoin can reclaim the $200 mark this year.
Solana's top meme coins are currently outperforming major cryptocurrencies, experiencing notable price surges despite the ongoing bearish market sentiment. According to CoinMarketCap data, SOL-based Popcat (POPCAT) and dogwifhat (WIF) have surged by over 6.9% and 5.2% in the past 24 hours.
This downward trend might soon hit a pause as traders' actions diverge from the price movement.
Ripple Labs moved to file a cross-appeal in its years-long legal battle with the U.S. Securities and Exchange Commission over XRP sales.
Ethereum has been experiencing sluggishness in its price performance recently, as the cryptocurrency continues to closely follow Bitcoin's movements. Currently trading at $2,392, Ethereum is down 1.5% in the past 24 hours, adding to its gradual decline in recent days.
San Francisco-based fintech firm Ripple is launching a new suite of crypto storage services designed to help banks and financial technology businesses securely store and manage crypto assets.
Ethereum, the second-largest cryptocurrency by market capitalization, is experiencing a challenging period marked by a significant price drop and stagnant network activity. Recent reports indicate that between October 1 and October 8, Ether's price fell by 7.3%, effectively erasing the gains accumulated in the prior weeks.
Ethereum foundation offloads- Ethereum Foundation offloaded another 100 ETH for the first time this Month In Sep month Ethereum Foundation sold over 1300 ETH at an average price of $2581 ($3.35 M) as the ETH price recovered. Whale selling - An ancient ETH ICO whale holding 150000 ETH from the Ethereum Genesis event transferred 5000 ETH to a Kraken wallet on Monday.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, continued to navigate choppy waters on Tuesday as it consolidated around the $2,400 mark.
The crypto market is experiencing a turbulent week, influenced by mixed US macroeconomic data.
The United States Securities and Exchange Commission (SEC) has initiated a lawsuit against Chicago-based crypto maker Cumberland, alleging the company operated as an unregistered securities dealer in handling over $2 billion worth of cryptocurrencies.
Ripple Custody, launched as a dedicated arm of the company, has introduced several upgrades to its platform. The updates include a new transaction screening service and more hardware security module (HSM) options.