The world’s seventh-largest cryptocurrency with a market cap of more than $26 billion, has seen a slight hike in price recently. With a 24-hour high of $0.57, the price of XRP was up by 4.2% in the past hour (at press time). However, this has not stopped former Ripple CTO Jed McCaleb from moving hisContinue reading “Former Ripple CTO McCaleb moved 222.6 million XRP since 6 March”

Chair of United States Federal Reserve Jerome Powell recently made a bullish statement about Bitcoin that seemed to have impacted the asset’s price. According to Powell, the crypto asset may not be suitable to be a currency due to its volatility and the fact that Bitcoin is “backed by nothing.” Powell, however, stated that theContinue reading “US Fed Chair: Bitcoin more a substitute for gold than the dollar”

As of 19 March, the total value locked in DeFi exceeded $44 billion, having doubled since the beginning of the year. But this does not mean that the sector could overshadow Bitcoin, which is a perspective that Kraken’s Growth lead, Dan Held recently shared. In addition to the belief that Bitcoin dominates all other cryptoContinue reading “Why ‘DeFi and Bitcoin can’t thrive together’”

Ever since Tesla invested in Bitcoin, whether the firm’s ‘Technoking’ Elon Musk holds the asset, or not, has caused much speculation. Fueling this notion, former White House director of Communications Anthony Scaramucci made an interesting comment earlier today. The Founder of Skybridge Capital claimed that Musk owned over $5 billion in Bitcoin through his companiesContinue reading “Elon Musk owns over $5 billion in Bitcoin ‘personally and via Telsa and SpaceX’”

In a new development in the Ripple-SEC lawsuit, during a hearing on 19 March, the Commission’s trial attorney Jorge Tenreiro told Magistrate Judge Sarah Netburn that XRP cannot be compared to Bitcoin and Ethereum. Earlier this week, lawyers representing Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen asked Judge Analisa Torres to compel SEC toContinue reading “SEC tells Judge that XRP is not like Bitcoin or Ether; questions ‘utility’ of XRP”

Growth lead at Kraken, Dan Held, stated that Bitcoin is currently experiencing a supercycle, which could cause the asset’s price to surge to $1 million. In a recent interview Held explained what exactly this supercycle represented. According to him ever since COVID-19, people have “lost faith” in existing financial institutions and in governments, which isContinue reading “Here’s why Bitcoin could have a ‘less intense’ bear market and ‘different’ cycles”

Another development occurred in the ongoing Ripple-SEC lawsuit. Ripple co-founders Brad Garlinghouse and Chris Larsen have been allowed by the court “to file a motion to dismiss the cases against them.” According to legal documents, US District Judge Analisa Torres has allowed Larsen and Garlinghouse to file their motion to dismiss by 12 April.   TheContinue reading “US Court allows Ripple’s co-founders to file a motion to dismiss case”

Speaking at the Blockchain Africa Conference, CEO of IOHK, Charles Hoskinson revealed a piece of bullish news. Cardano is reportedly “at the cusp” of deals and initiatives” through public-private partnerships in certain nations in Africa. Thus making way for “millions of users” to enter the Cardano ecosystem this year. Perhaps hinting at the decentralized identityContinue reading “Charles Hoskinson reveals how millions of users will adopt Cardano”

Securities and Exchange Commission of Brazil better known as CVM today approved the first Bitcoin exchange-traded fund (ETF) in the Latin American region. The fund in question was applied by asset manager QR Capital and will trade under the QBTC11 ticker on the Sao Paulo-based B3 stock exchange. This regulatory approval also marks the secondContinue reading “Brazil SEC becomes second country to approve Bitcoin ETF”

United States Department of Justice (DOJ) charged six individuals with participating in a “conspiracy to operate an unlicensed” cryptocurrency exchange business” among other offenses.  Five of those charged were also indicted with wire fraud, while one was charged with money laundering and allegedly “operating a continuing financial crimes enterprise.” The individuals were aged between 34Continue reading “Six people charged for running an unlicensed crypto exchange in New Hampshire”

While Bitcoin has been growing in popularity among retailers and institutions alike, CEO of Cipher Mining, Tyler Page, stressed the importance of the mining sector. In a recent interview, Page said that the mining business is in fact “vital to the success for the network overall.” He added:  That’s our business, helping that infrastructure surviveContinue reading “Why the bitcoin mining business is a different play”

Earlier this week, the price of Bitcoin surged over $61,000, gaining more market dominance at the same time. While questions around its volatile price and potential to hedge inflation remain, experts like French economist, Marion Laboure concluded that Bitcoin is now “too important to ignore. Other than BTC’s trillion-dollar market cap, its “scope for aContinue reading “Why Bitcoin is now too important to ignore”