As the legal battle between Ripple and its cofounders and Untied States SEC continues, large amounts of XRP have been changing hands recently. Between the company’s executive, Chris Larsen and some crypto exchanges, close to 136 million XRP was moved in the last 24 hours. According to tracking service Whale Alert, the crypto trading platformContinue reading “Amid SEC battle, Ripple’s Chris Larsen and crypto exchanges transfer over 136 million XRP”

New York State Department of Financial Services (DFS) granted the much-coveted BitLicnese as well as a money transmitter license to Bakkt Marketplace. With these licenses, Bakkt will be able to offer New York-based customers to trade crypto assets, Announcing the upcoming launch of the Bakkt App, the firm’s CEO Gavin Michael said the approval representedContinue reading “Bakkt receives BitLicense and MTL in New York State”

With Elon Musk gone quiet in the past two days, it seems like Mark Cuban is filling the void with some significant DOGE talk on Twitter. The entrepreneur who owns Dallas Mavericks has recently been warming up to the popular crypto, and recently stated that it has the potential to surge further. According to hisContinue reading “This entrepreneur weighs in on how to ‘definitely’ send DOGE to $1”

Having seen Bitcoin-related success, Anthony Scaramucci appears to be increasingly crypto-focused recently. In a new interview, Founder of SkyBridge Capital, a hedge fund, revealed that other than the leading crypto asset, no other crypto has impressed him enough.  I am singularly focused on Bitcoin…I am not going towards Dogecoin, Ethereum, other cryptos or other digitalContinue reading “Why this retail investor is ‘singularly focused on Bitcoin’ and not Doge or ETH”

Founder of Mobius Capital Partners, Mark Mobius confessed his “fears” of the decline of the price of Bitcoin. The emerging markets fund manager thinks Bitcoin prices can especially have a negative impact on tech stocks. Speaking to Bloomberg Markets, Mobius stated that the relationship between Bitcoin prices and tech markets is very close and added: Continue reading “Bitcoin and tech stocks: how one can affect the other”

Many from the crypto community have debated the legitimacy of ‘Coinbase effect,’ or what happens to an asset that gets listed on the exchange. A recent listing announcement may rekindle the debate. Hours after the exchange today announced support for MATIC, SKL, and SUSHI on its ‘Pro’ platform. The price of all three Ethereum-based tokensContinue reading “Coinbase effect still in play for Matic, Sushi and SKL”

After the first crypto-related ban in 2018 that affected many from the sector, the 2021 proposal to ban all private crypto assets is having a similar effect. With the decision expected “soon,” and no specific timeline, traders and service providers remain uncertain about the expected announcement.   This has not stopped industry members from appealing toContinue reading “Bitcoin vs CBDC: India’s growing need for both”

When it comes to defending Bitcoin, Galaxy Digital founder Mike Novogratz is on par with the likes of Michael Saylor, Anthony Pompliano, and other Bitcoin bulls. In his recent tweet, the chief exec did not hold back his curiosity about an increasingly popular altcoin – ADA. On 9 March Novogratz wrote: Last question before IContinue reading “Why this Bitcoin bull is interested in Cardano?”

Senior Commodity Strategist at Bloomberg, Mike McGlone has been painting a bullish narrative for Bitcoin lately. In the past 24 hours alone, the strategist’s data revealed that investors were now seeking Bitcoin instead of gold. His latest finding predicts very large figures for Bitcoin. He stated that the asset’s next threshold will cross Amazon’s marketContinue reading “What key milestones will Bitcoin face after hitting $80,000?”

This past week as Bitcoin hovered around $46.5k and $52.5k  range, Twitter sentiments have been at their most bearish level during this bull run. Bitcoin’s volatile price has given many people a reason or two to question about investing in the crypto asset. CEO of ARK Investment Management, Cathie Wood, thinks otherwise. According to her,Continue reading “Why bitcoin could become a standard recommendation for an average investor’s portfolio”

Ripple CEO Brad Garlinghouse has once again addressed the SEC lawsuit against his company. In a recent interview, Garlinghouse countered the allegations and said that the legal action was “misguided” and that its crypto asset has traded for eight years in the US before regulators filed the lawsuit last December.  Recently, the Commission chose toContinue reading “Ripple CEO: XRP will continue trading, even if Ripple ceases to exist”

Commodity Strategist Mike McGlone shared on Twitter recently that his data points to an accelerating pace of Bitcoin replacing Gold “as a store of value in investor portfolios.” While the precious metal will always have a place in “jewelry and coin collections,” Bitcoin on the other hand seems to be “pushing aside the old guard”Continue reading “This strategist’s data suggests an accelerating pace of Bitcoin replacing Gold”