Ripple submitted a petition refuting the testimony of an accountant at the Securities and Exchange Commission (SEC). It faced strong opposition from the Securities and Exchange Commission, and an accountant was designated as a summary witness. Ripple expressed its candid opinion by acknowledging that SEC accountant Andrea Fox was only a summary witness. The SEC had previously leveled serious accusations against Ripple for raising $1.3 billion through an unregistered digital security service. If the SEC proceeds with punitive clawbacks and injunctions banning fintech companies from selling XRP to U.S. investors, the cryptocurrency industry will have a tough time. The legal…
Author: Crypto Flexs
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Pantera Capital, a cryptocurrency venture capital firm with over $5 billion in assets under management, has invested in The Open Network. ton +4.35% ).“We believe TON has the ability to introduce cryptocurrency to the public due to its widespread use within the Telegram network,” Pantera Capital said on Thursday. TON is a layer 1 blockchain network initially designed by messaging platform Telegram and sustained by an open source community.Pantera’s investment in TON comes as layer 1 blockchains have recently gained attention. In February, Telegram announced plans to share advertising revenue with channel owners and pay rewards using Toncoin (TON) tokens.…
As Bitcoin (BTC) suddenly plummets below $58,000, altcoins also fall, leaving leveraged traders in the red. According to cryptocurrency data aggregator Coinglass, more than $448.49 million in liquidations occurred in the last 24 hours, or more than 84% in leveraged buys. OKX, a major exchange, processed the largest liquidation amount at $171.28 million, followed by $170.43 million on Binance, the world’s No. 1 exchange, $45.09 million on Huobi, and $37.22 million on Bybit. Coinglass said that $167.43 million worth of Bitcoin was liquidated on the last day, the overwhelming majority of which were long positions. Coinglass also confirmed that $115.48…
2021 Memecoin Madness Shiba Inu-faced Dogecoin (DOGE) finds itself shivering in the current cryptocurrency winter. DOGE, once a symbol of retail investor exuberance, has plummeted more than 70% from its peak, leaving its future uncertain. DOGE Feels Crypto Frost While Bitcoin, the heavyweight champion of the cryptocurrency world, has been making headlines with its latest upset, the impact on memecoins like DOGE has been brutal. Contrary to the divided analyst opinions on Bitcoin, the sentiment surrounding DOGE is decidedly bearish. At the time of this writing, Mimcoin is trading at $0.132, down 5.4% over the past 24 hours, but has…
Block Inc., the financial technology company founded by Jack Dorsey, is the subject of an investigation by U.S. federal authorities. The investigation stems from alleged compliance violations by the company’s payments divisions, Square and Cash App. The company’s role in processing transactions for customers in countries subject to economic sanctions and enabling cryptocurrency trading for terrorist organizations was revealed by a whistleblower who released documents outlining the company’s involvement in these activities. Suspicions were raised that regulations were violated. The whistleblower alleges that Block conducted thousands of transactions for customers located in countries subject to…
“The Company is considering a variety of alternatives, including, but not limited to, a sale of all or a portion of the Company or other strategic transactions involving some or all of the Company’s assets to maximize shareholder value.” the miner said in a press release on Thursday.
JPMorgan continues to recommend caution in the cryptocurrency market for the foreseeable future due to a number of factors, including a lack of positive indicators and declining retail investor interest.“There is a lack of positive catalysts, a lack of retail impulse, and the three headwinds previously mentioned in the publication (elevated positioning, high Bitcoin price relative to gold, expected Bitcoin production costs, and suppression of cryptocurrency VC funding). Still, “We remain cautious on the cryptocurrency market in the near term,” JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report Thursday.There has been “significant” selling or profit-taking in the cryptocurrency…
index One feature that balances security and convenience is multi-wallet seed login, which allows users to access multiple wallets using a single seed phrase or recovery phrase. This feature not only increases security by providing a single backup point for all your wallets, but also provides convenience by eliminating the need to manage multiple seed phrases. In this article, we will look at some of the best Bitcoin wallets that support multi-wallet seed login.bittampBitamp is a Bitcoin wallet designed specifically for Bitcoin. One of the standout features is multi-wallet seed login support. Bitamp allows you to log in with your…
PEPE has overtaken ARB in terms of market capitalization as memecoin prices soar. Social activity surrounding PEPE decreased, but sentiment remained high. Bitcoin (BTC)’s recent price plunge has led to a general correction across various currencies. The Memecoin sector was equally affected, resulting in massive price declines. PEPE to the moon? However, PEPE (PEPE) was one of the memecoins to see green during this period. New data shows that the third-largest memecoin has outperformed ARB in terms of market capitalization. Source: CoinMarketCap But PEPE’s journey over the past few months has not been easy. The price started falling on March…
BNP Paribas, Europe’s second-largest bank, recently purchased exposure to Bitcoin through a spot ETF, according to a 13F filing with the SEC. BNP Paribas has acquired BlackRock’s iShares Bitcoin Trust ETF (IBIT), according to a filing.JUST IN: 🇫🇷 BNP Paribas, Europe’s second largest bank, reports that it is exposed to the following risks: #Bitcoin ETF with 13F report.It’s just the beginning 🚀 pic.twitter.com/4zi1EkAc07— Bitcoin Magazine (@BitcoinMagazine) May 2, 2024 The U.S. spot Bitcoin ETF has been a huge success, with cumulative trading volume exceeding $200 billion since its launch earlier this year. Regulations require large institutional investors with more than…