XRP, a cryptocurrency backed by Ripple Labs, birthed a tsunami of speculations among crypto traders and investors today, as XRP’s price continued trading in the green, topping the $0.64 mark briefly in the past 24 hours. Amid this notable pump witnessed by the Ripple-backed token, enormous XRP whale activity surfacing across the vast sea of […]
Judge Sides with Federal Reserve in Custodia Bank Crypto Case
In a ruling made by Wyoming District Judge Scott Skavdahl, the United States Federal Reserve has won a lawsuit against Custodia Bank concerning the access to Master Account and its compliance with the Administrative Procedure Act (APA). Federal Reserve Wins Against Custodia Bank The ruling by Judge Skavdahl clears the air on the Federal Reserve’s […]
AI News: OpenAI Introduces Voice Engine In Testing Mode
OpenAI has come up with an innovative Artificial Intelligence (AI) tool that can recreate human voice. What Can The Voice Engine Do? Voice Engine, as the AI tool is called, is capable of recreating a person’s voice by using text input and a single 15-second recording sample. Armed with this data, the AI tool generates […]
CFTC Commissioner Critiques KuCoin Lawsuit Amid SEC Clash
Caroline Pham, Commissioner of the Commodity Futures Trading Commission (CFTC), has publicly criticized her agency’s enforcement action against the cryptocurrency exchange KuCoin. KuCoin was charged with the unlawful operation of the digital asset derivatives exchange on March 26 by the CFTC and in cooperation with the U.S. Department of Justice. Pham’s criticism brings up the […]
Bitwise CEO Predicts Monumental Bitcoin Halving Impact
CEO of Bitwise Hunter Horsely has caused a storm in the cryptocurrency community with his latest statement. Horsely pointed out the future Bitcoin halving event, which he compared to the previous one of 2020. By the time, Bitcoin was sold at about $9,000. With Bitcoin now in the region of $70,000, the reduction in the […]
Bitcoin Exchange Balance Plunges To 1.8M, Is Supply Crunch Finally In?
The Bitcoin balance on exchanges has plunged, reaching a low of below 1.8 million BTC. This decrease, as a result, in available Bitcoin on exchanges has prompted a closer examination of the trend within the cryptocurrency market, specifically focusing on the implications for supply and demand. Dramatic Drop in Bitcoin Exchange Balances Ever since spot […]
XRP Lawsuit: Is Truce Close Amid “Settlement Conference” Schedule?
There are ongoing speculations that Ripple Labs Inc. may be holding a settlement conference with the United States Securities and Exchange Commission (SEC) over the ongoing XRP lawsuit. This speculation came after CEO Brad Garlinghouse and CLO Stuart Alderoty were spotted in New York. XRP Lawsuit: Settlement Speculation Swelling One XRP community member known on […]
Bitcoin Futures See Unprecedented $38B Open Interest
The open interest in Bitcoin futures on centralized exchanges has reached a new peak. According to CoinGlass, the figure hit $38 billion on Friday. This represents a significant milestone, indicating heightened trading activity around Bitcoin. Bitcoin Futures Open Interest Skyrockets in 2024 Since the beginning of 2024, the daily Bitcoin futures open interest growth has […]
Fed Chair Jerome Powell Discounts Recession Risks, Implication For Crypto
The United States Federal Reserve Chair Jerome Powell has reiterated that the U.S. recession is not an immediate worry and the apex bank is not in a hurry to cut interest rates. US Recession, Inflation and Current Data During an event that was held in San Francisco, Powell acknowledged that the fresh inflation data that […]
Litecoin Price Prediction: Buyers Breaks Two Years Accumulation to Chase $150
Litecoin Price Prediction: The cryptocurrency market is wavering in uncertainty this week as it resonates around the $70000 mark. While a majority of major assets project the same behaviors, the Litecoin price emerged as one of the few that outperformed the broader mark. The LTC price in the daily chart shows a V-shaped recovery and […]