Ripple vs. SEC: Critical Decisions Due This Week In Ripple Lawsuit?
The Ripple vs. SEC lawsuit is moving along nicely, and a few key decisions are expected this week. Legal experts believe that the case’s judgments will clear up any misunderstandings about the nature of particular tokens while also laying the groundwork for future restrictions. The SEC vs. XRP case is exposing potential flaws in the […]
Ukrainian crypto donations exceeds $50 Million
Ukraine has received over $50 Million in crypto donations from both individuals and corporate bodies alike in the past one week of the Russian invasion. According to numbers supplied by blockchain analytics platform Elliptic, the Ukrainian crypto crowdfunding initiative has now reached $50.9 million. “Since the beginning of the Russian assault, the Ukrainian government—and an […]
Chinese Tech company Tencent files for a Metaverse related trademark
Despite the warnings from the government, Chinese firms are vying for metaverse trademarks. Internet firm Tencent has applied for a virtual concerts patent with the Chinese National Intellectual Property Administration (CNIPA). In November, the People’s Bank of China (PBoC) took a firm position against the Metaverse and nonfungible tokens (NFTs), indicating that it will use […]
South African Crypto Exchange Valr Raises $50 Million In Series B Funding
Valr in its recent announcement said it has raised $50 million in a Series B round led by Pantera Capital. This funding means Valr is reportedly valued at $240 million. Crypto exchange based in South Africa, Valor, has recently announced a $50 million Series B fundraising round. Pantera Capital led the round, with participation from […]
The Bitcoin rally slowed, but BTC whales are becoming hyper
The Bitcoin rise has finally slowed after a strong start to the week, with the BTC price now resting at $43,500 with 24 percent increase on the weekly charts. The Bitcoin and cryptocurrency market rallies are taking place against the backdrop of the huge geopolitical issue unfolding with the Russia-Ukraine conflict. According to reports, as the Russian Ruble falls in value, Russians are pouring money into Bitcoin and cryptocurrency in large amounts. The recent drop in the crypto market comes as the EU considers increasing sanctions and investigating if Russia is using crypto to circumvent Western restrictions. German Finance Minister Christian Lindner said on March 2 that EU and G7 members are cooperating to prevent Russians from avoiding monetary penalties. According to Bloomberg , James Butterfill, head of research at CoinShares, recent Bitcoin growth has been largely connected with political instability. The Russian Ruble is trading at its highest level since May of last year. Crypto exchanges have also been asked by MPs from Ukraine and the United States to prohibit regular Russian residents from dealing in cryptocurrency. However, some exchanges, like Binance and Kraken, have flatly refused the request. Bitcoin Whales Are Getting hyperactive Whales, on the other hand, have been expanding their Bitcoin trading activities amid the recent price surge. Santiment, an on-chain data supplier, reported: While #Bitcoin hovers between $43k and $45k and traders await the next big swing, whales are becoming increasingly active in making massive transactions. In the last three days, there have been 13,400 $BTC transactions exceeding $1M in value. While reports of increased Russian ruble-to-BTC trading volumes emerge, Ukrainians are also purchasing Bitcoin in greater numbers. After the early-week pump, the broader cryptocurrency market, like Bitcoin, appears to be taking a breather. Terra’s LUNA, which was the best performer last week, is still trading at $93.