At press time Bitcoin was down roughly 6% and was trading in the $56,000 range at press time. This weekend, the price of the crypto asset hiked to more than $60,000, nearly a month after Bitcoin surged to $50,000. However, the asset faced a correction, pulling its price down roughly 10%. Such dips have becomeContinue reading “This Bitcoin bull explains why bitcoin surged and fell this weekend”

In the latest developments, court documents reveal that lawyers representing Ripple and its CEO Brad Garlinghouse, and co-founder Chris Larsen have asked Judge Analisa Torres to compel the US SEC to produce documents with regard to Bitcoin and Ethereum.  The regulatory authority has deemed both Bitcoin and Ether as non-security assets. In the filing, Ripple statedContinue reading “Ripple files motion; wants SEC to produce documents regarding Bitcoin, Ethereum”

In a new set of developments in the ongoing legal battle between Ripple and the US regulator Securities and Exchange Commission (SEC), over 6,000 XRP holders have petitioned to participate in the lawsuit.  In a letter to Judge Analisa Torres,  John Deaton, an XRP hodler, of Deaton Law Firm LLC has filed a motion toContinue reading “Ripple-SEC case: Over 6000 XRP holders want to participate as third-party defendants”

Former Ripple CTO Jed McCaleb has been making news for the amount of crypto he has been dumping. With 444,310,095.045819 XRP currently left in Tacostand wallet, McCaleb has sold more than 151 million XRP over the past nine days alone. Every day, in the past nine days, the former Ripple exec sold roughly 18.5 millionContinue reading “Here’s how much XRP former Ripple CTO dumped this week”

Websites of DeFi projects Cream.Finance and PancakeSwap reportedly came under attack by hackers. According to their tweets, the projects’ DNS had been compromised. Users who visited the websites of both DeFi projects were greeted by a pop-up requesting their seed phrase. While PancakeSwap claims to have regained DNS, Cream Finance appeared to still be compromisedContinue reading “DeFi project DNS hijack attack: PancakeSwap regains access; Cream’s website still compromised”

When it comes to Bitcoin versus the state, crypto-enthusiasts are always looking for guidance via clear regulations. To their delight, at least in some cases, some regulatory progress has been made, progress that has in turn nurtured a stronger crypto-economy.    For instance, back in January, the U.S Office of the Comptroller of the Currency (OCC)Continue reading “Here’s why crypto-insurance markets have scope”

Almost every company that has invested in Bitcoin thinks the crypto-asset is an emerging store of value. One to offer a fresh perspective on the asset class, however, is CEO of Man Group Luke Ellis who made an interesting counterargument recently. Speaking to CNBC, Ellis said,  “I see it [Bitcoin] as a trading instrument, notContinue reading “Man Group CEO questions rationale of holding Bitcoin on balance sheets”

Over the past few months, Bitcoin has increasingly been positioned as an alternative hedge against fiat devaluation and other negative market events. As a result, many companies are warming up to the crypto-asset, with alts sharing the limelight too. The latest firm to join the bandwagon happens to be one in the clothing business. CustomContinue reading “This apparel company is latest to convert $1M of cash reserves to Bitcoin, Ethereum”

MicroStrategy has recently been converting significant amounts of its cash reserves to Bitcoin. In what is yet another in its Bitcoin investment streak, the publicly-traded company is in the news today after it purchased more of the crypto-asset. According to CEO Michael Saylor, the business intelligence firm has now bought an additional 262 Bitcoins forContinue reading “Why MicroStrategy won’t stop with its latest $15M Bitcoin purchase”

Who would have thought that a meme coin would become the center of social media attention? Over the past few weeks and months, its popularity has soared so much that most companies that associate themselves with DOGE have all made headlines. Global chat and live-streaming platform Hello Pal is the latest one, with its websiteContinue reading “Is Dogecoin popular enough? Hello Pal’s website crash suggests so”

Among nations in hot pursuit of a digital currency of their own, Russia is in the news again. Its central bank announced plans to start testing a pilot version of the digital ruble by the end of 2022. Bank of Russia’s Deputy Chairman of the Central Bank Alexey Zabotkin said that users can expect aContinue reading “How Russia and China are moving forward with their CBDC projects”

On any other day, when a long-time Bitcoin supporter goes “all in” on the asset, it wouldn’t make headlines. However, when this Bitcoin advocate happens to be the teenage son of the asset’s biggest critics, crypto Twitter takes notice. Recently, Peter Schiff’s son Spencer Schiff converted 100% of his portfolio into Bitcoin, a decision thatContinue reading “Ironically, this infamous Bitcoin critic’s son goes ‘all-in’ on BTC”