XRP litigation update: Court grants Ripple and the SEC’s request for an extension
According to Judge Sarah Netburn, Ripple and the SEC were successful in their request to extend the time for expert discovery. It was initially brought to our attention by James K. Filan, who revealed that the court had also granted an extension for submitting pre-motion letters in connection with a summary judgment action. A deadline […]
Can whales ultimately keep the Bitcoin rally beyond $50k?
In spite of the fact that the Bitcoin ship has been steadying recently, the market has been setting itself for the next major swing. It is likely that a falling channel, the daily 200-SMA (green), and EMA Ribbons will play out in the buyers’ favour. Additionally, an uptick in Whale activity indicated a resurgence of […]
Bitcoin gains about $1,500 in less than an hour on Aug. 26 after Fed Chair Jerome Powell’s “uber dovish” speech
Except for the US dollar, it’s optimistic all around after Fed Chair Jerome Powell’s latest address, with Bitcoin gaining $1,400 in less than an hour. On August 26, Bitcoin (BTC) gained about $1,500 in less than an hour following Federal Reserve Chair Jerome Powell’s “uber dovish” statement. Bitcoin’s price is surging upwards Powell intimated at […]
Bill Gurley Takes ‘Personal Position’ in Ethereum
The pragmatism and willingness to change displayed by the Ethereum community were the primary considerations that influenced tech investor Bill Gurley to make an investment in the second most valuable cryptocurrency. As Gurley explained in an interview with Bloomberg on Wednesday, “I have to admit that I was swayed by the arguments of the Ethereum […]
China issues a public reminder that cryptocurrencies are not legal tender
A public reminder that Bitcoin (BTC) and other virtual currencies “are not legal tender and have no actual value” has apparently been issued by China, as part of a stepped-up crackdown on cryptocurrencies. Yin Youping, deputy head of the People’s Bank of China’s (PBOC) Financial Consumer Rights Protection Bureau, stated in a local media briefing […]