Ripple Labs' CTO, David Schwartz, discusses the impact of the SEC lawsuit, institutional adoption, the XRP Ledger's functionality, challenges of the XRP Army, developer engagement, and the level of decentralization in an interview.
Despite the initial sell-off in the crypto markets following the launch of Bitcoin ETFs, industry analysts believe that the period of weakness will be short-lived and expect mainstream investors to enter the market once the selling pressure subsides, although the performance of publicly traded companies with exposure to crypto-assets remains uncertain.
Bitcoin (BTC) has rebounded above $40,000, recovering from recent losses caused by outflows from Grayscale's Bitcoin Trust (GBTC), suggesting that the selling pressure is calming.
Grayscale's Bitcoin Trust (GBTC) has moved over 19,000 bitcoin from its wallet, totaling about 113,000 bitcoin since the opening of spot bitcoin ETFs, leading to a decrease in assets under management and putting pressure on the price of bitcoin.
The community-run fan club for Solana's sellout mobile phone, Saga DAO, lost over $60,000 in SOL tokens due to the lack of security measures, leading to accusations and uncertainty about the future of the group.
Chemists have used blockchain technology to simulate over 4 billion chemical reactions, providing insights into the potential origins of life and demonstrating the potential of blockchain for solving complex problems.
Bitcoin is expected to undergo three distinct phases before entering a parabolic uptrend, according to crypto strategist Rekt Capital, who also warns of a significant correction leading up to the halving event in April.
Bitcoin and cryptocurrencies face uncertainty as panic over outflows from Grayscale's spot bitcoin ETF increases, and experts predict further volatility in the market.
Elizabeth Warren, a senator from Massachusetts, has emerged as a vocal critic of the crypto industry, recently tying digital assets to terrorist financing and launching controversial anti-money laundering legislation. However, she appears open to dialogue with crypto entrepreneurs and industry representatives.
Coinbase makes cryptocurrency staking accessible and secure, allowing users to earn rewards on their assets and providing features such as estimated withdrawal times and a liquid staking token.
Cash handling firm Brink's has made a strategic investment in cryptocurrency custody specialist BitGo, allowing the companies to leverage Brink's global secure logistics network for digital asset security.
The price of Avalanche (AVAX) has dropped nearly 40% from its 2023 high of $50, but technical analysis suggests that the cryptocurrency may have reached a bottom and could see a bullish trend soon.
The Solana Foundation has launched "token extensions," allowing developers to implement rules around token ownership and usage, enhancing compliance controls for businesses building tokens on the Solana blockchain. This upgrade offers features like whitelisting, transfer fees, confidentiality on transfers, permanent delegate authority, and non-transferability, which could be particularly appealing to stablecoin issuers.
An online pastor and his wife in Colorado are facing charges of civil fraud for allegedly selling $3.2 million in worthless cryptocurrency to members of the Christian community, claiming it was a low-risk, high-profit investment guided by God.
BlackRock's iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund are currently leading the race in Bitcoin exchange-traded funds (ETFs), with a combined 70% of spot Bitcoin ETF inflows, thanks to their marketing and distribution channels.
Canadian mining firm Hut 8 Corp. has condemned a report by JCapital Research as a deliberate attempt to spread misinformation about the company, following a drop in its stock price after the report alleged that Hut 8's merger with US Bitcoin was a pump and dump scheme.
SEC Commissioner Hester Peirce emphasized the importance of consistency in approving spot Bitcoin ETFs, stating that the regulator would learn from past mistakes, while expressing hope for a smoother approval process for future crypto ETF applications. Peirce also criticized the SEC's handling of the ETF approval and highlighted the need to respect individuals' choices in investment decisions.
The crypto market saw some upward movement with bitcoin climbing back above $40,000, while Solana and Avalanche experienced gains as well; Nexo has filed an arbitration claim against Bulgaria seeking $3 billion in damages; a crypto wallet labeled as Donald Trump's holds over $1 million of a TRUMP meme coin; and the notional open interest in bitcoin futures dropped by $1.5 billion following the launch of spot ETFs.
Crypto lending platform Celsius deposited $30.34 million worth of Ethereum (ETH) to Coinbase and $5.13 million worth to FalconX, while its two staking wallets still hold a total of 557,081 Ethereum worth around $1.3 billion, despite filing for bankruptcy and facing legal issues.
MicroStrategy founder and chairman, Michael Saylor, is selling stock in his company to buy Bitcoin for himself, converting his stock options into cash and cryptocurrency.
Popular Solana meme coin Dogwifhat (WIF) has surged over 30% after being listed on Bitget, with a market capitalization of $332 million, while Solana's native token SOL has gained 8.6% but still remains 13% lower compared to last week.
Decentralized Autonomous Organizations (DAOs) have the potential to give rise to decentralized extremist mobilization and pose threats to democratic systems and minority groups if used strategically by extremists in the year 2024.
Cryptocurrency lender Nexo has filed a $3 billion arbitration claim against Bulgaria, accusing the country of wrongful and politically motivated actions, including unjustified criminal investigations, which damaged its brand and reputation.
The 1993 game DOOM is now available and stored on the Dogecoin network, showcasing the ability to store large amounts of data on a blockchain through inscriptions, which has the potential to revolutionize blockchain transactions and add intrinsic value.
Ethereum is expected to outperform Bitcoin in the coming weeks, with a bullish reversal signal indicating a potential move to the upside, while Bitcoin may fall to around $38,000 before finding support, according to crypto strategist Michaël van de Poppe.
The total tax revenue from crypto in Indonesia in 2023 was $31.7 million, a result of dual taxation and a decrease in transaction volumes, leading local exchanges to propose changes to the tax system.
The rapid growth of liquid restaking tokens, with a total value locked of over $600 million, has raised concerns within the Ethereum community about potential risks to the network.
Crypto whales are taking advantage of the recent drop in bitcoin prices, buying the cryptocurrency at a discount on Bitfinex compared to other exchanges.
Several Tornado Cash developers, including Roman Storm and Alexey Pertsev, are facing allegations of money laundering and sanctions violations, with Storm currently under house arrest and Semenov charged but not arrested, while the legal fund set up for their defense has received over $350k in donations, with public support from Edward Snowden.
Email service provider MailerLite was targeted in a phishing attack, resulting in unauthorized access to 117 accounts and the theft of over $600,000 from cryptocurrency-related accounts.
Mt. Gox, the defunct cryptocurrency exchange, is reportedly confirming the Bitcoin addresses of creditors for repayments, impacting the crypto market, as its revival may lead to a significant fall in Bitcoin prices.
A crypto analyst believes that Chainlink (LINK) is on the verge of a significant price surge, with potential gains of over 100%, while altcoins Sui (SUI), Arbitrum (ARB), and Cosmos (ATOM) are expected to experience lower levels before potential rallies.
Palworld, a new PC and Xbox indie game, has gained massive popularity by combining the concept of Pokémon with guns, cannibalism, and indentured servitude, attracting over six million players and drawing attention from Nintendo.
The SEC's inconsistent arguments in recent court hearings suggest that the agency is struggling to define crypto tokens within the context of securities law, leading to potential legal problems and confusion.
Jupiter, a decentralized finance aggregator, is set to airdrop its JUP token to nearly one million eligible wallets and will first test its launchpad with an airdrop for a meme coin, which will be even larger than the JUP drop.
A Denver pastor and his wife admitted to pocketing $1.3 million from customers of an online cryptocurrency exchange targeted towards Christians in a $3.2 million scam.
Prosecutors in Colorado have filed civil charges against a Denver pastor and his wife for creating and selling a cryptocurrency, called INDXcoin, which they marketed to Christians and raised $3.2 million, using the money for themselves.
Coinbase's stock may experience volatility due to factors such as the price of Bitcoin, the SEC lawsuit, and the overall health of the cryptocurrency industry, according to Owen Lau, Executive Director at Oppenheimer.
Edward Snowden has endorsed the legal defense fund for Roman Storm, the co-founder of Tornado Cash, a cryptocurrency mixing service that was banned by the US Department of the Treasury's Office of Foreign Assets Control (OFAC), and is now facing charges of money laundering.
The Avalanche Foundation has established eligibility criteria for selecting meme coins to include in its portfolio, focusing on stability, growth potential, fair practices, and community engagement, with requirements for a fair launch and low supply concentration, among others.
Dogecoin now allows users to play the game Doom on its blockchain, showcasing the potential for a new kind of gaming ecosystem on the meme coin.
Representative Maxine Waters has questioned Meta, formerly known as Facebook, about its crypto activities and intentions due to the company's recent trademark filings related to blockchain technology, indicating a potential expansion into the digital assets market.
Former President Donald Trump has sold over 1,000 Ether (ETH) that he earned from non-fungible token (NFT) projects, earning over $2.4 million in the process, signaling an interesting development in his relationship with cryptocurrency.
The current crypto bull market is distinct from the one three years ago as it is driven by constancy rather than speculative froth, with the top coins remaining consistent and Bitcoin maintaining its dominance, according to investment firm Pantera Capital.
The crypto market is entering a new phase of DeFi, with shifts in monetary policy and new Web3 innovations paving the way for fresh financial primitives and increased institutional adoption, while also focusing on user experience and simpler services for retail investors.
Social gaming platform Gamee's token, GMEE, was exploited, resulting in the theft of 600 million tokens that were subsequently liquidated, causing the value of the token to plummet.
Former President Donald Trump has sold over 1,000 Ether (ETH) in the past few weeks, mostly coming from royalties he earned from non-fungible token (NFT) projects that he created, amounting to over $2.4 million.
JPMorgan has downgraded Coinbase to "Underweight" due to overestimated growth expectations following the approval of spot Bitcoin ETFs by the SEC, with a projected downside risk of 35% compared to its current valuation.
Bitcoin and the broader crypto market are experiencing significant losses this week, with Ethereum, Solana, and Avalanche among the top losers, as they have all slipped by at least 14% over the past seven days.
Mobile game developer iCandy Interactive has partnered with blockchain gaming company Animoca Brands to release a new game called Snaky Cat on Base, the Ethereum scaling network built by Coinbase, where players compete to become the longest cat and can win crypto rewards in TOWER tokens.