A subtle change in Elon Musk’s Twitter bio after his platform’s rebrand to “X” has again fanned the flames of speculation — that Dogecoin (DOGE) may have a future on the platform. On July 25, eagle-eyed Twitter (now X) users began pointing out that Elon Musk’s profile location now sports both an “X” and a
Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), addressed the XRP case and the recent verdict. A U.S. court ruled that the token is not a security, granting a win for payment company Ripple. Related Reading: Ripple CEO Garlinghouse Takes On SEC, Calls Them A ‘Bully’ In Wake Of XRP Ruling The
Bitcoin (BTC) plunged to $29,000 on July 24, signaling that bears are trying to seize control. It looks like the failure to hold on to the higher levels may have tempted short-term bulls to book profits and aggressive bears to initiate short positions. Although the near term looks bearish, long-term investors remain unfazed and they
The Connext cross-chain bridging protocol has announced a new token standard to reduce losses from bridge hacks. According to a July 24 announcement, the new “xERC-20” standard allows token issuers to maintain a list of official bridges and control how many tokens can be minted by each. In addition to Connext, decentralized finance (DeFi) platform
Last week was marked by two new legislative initiatives for the crypto industry in the United States. Senator Jack Reed sponsored a bipartisan bill that would tighten Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations and sanctions requirements for decentralized finance (DeFi). The bill would subject DeFi operations to the same requirements as “other
XRP (XRP) price is down today, mirroring trends elsewhere in the cryptocurrencymarket as traders await the Federal Reserve rate decision in the week. XRP price drops amid rising dollar strength On July 24, XRP price dropped 8% to $0.68, underperforming the crypto market’s 3.5% decline on the same day. The XRP/USD pair declined amid growing
An online carpet and flooring retailer based in the United Kingdom has bought Bitcoin (BTC) and put it on the balance sheet, following in the footsteps of Tesla, Microstrategy and Real Bedford. Speaking with Cointelegraph, CEO of Flooring Hut, Paul Brewster explained that: “We see it [Bitcoin] as an asset that has probably the best
Russia is moving forward with its central bank digital currency (CBDC), after President Vladimir Putin signed the digital ruble bill into law on July 24 according to an official document published by the state. With this approval, the digital ruble law is now officially scheduled to take effect from Aug. 1, 2023, with all but
A dormant Bitcoin (BTC) wallet holding over 1,037 Bitcoin — worth $31 million at current prices — has suddenly awoken after an 11-year slumber, transferring out its entire stash. The 1037 BTC was transferred amid a Bitcoin price of $29,956 and took effect at block height 799701 — approximately 10:51 am UTC on July 22, according to
United States Republican Representative Warren Davidson has spoken out against Central Bank Digital Currencies (CBDCs), urging Congress to ban them and criminalize its development. In a July 23 Twitter post, Congressman Davidson accused the Federal Reserve of “building the financial equivalent of the Death Star,” stating that CBDCs corrupts money into a tool for coercion
Ripple CEO Brad Garlinghouse has condemned the United States securities regulator over recent comments from its lawyers that hint at a possible appeal to its case against Ripple. In a July 23 tweet, Garlinghouse slammed the regulator for its “regulation by enforcement” approach, arguing it has only served to hurt retail investors. “The SEC created
The recent ruling in favor of XRP has dispelled any negative regulatory challenges it had been facing, resulting in a head-turning rally over nearly 100% in 24 hours. Enough people are now paying attention to Ripple’s cryptocurrency, that it’s starting to pull capital from Bitcoin and Ethereum. And according to the charts of the three
Bitcoin (BTC) is struggling to rise above the overhead resistance at $31,000 but a minor positive is that the bulls have not allowed the price to dive below the $29,500 support. This suggests that a catalyst may be needed for the price to break out from its range. On the macroeconomic front, the Federal Reserve’s
Several counties in the U.S. state of Arkansas are rushing to pass emergency legislations allowing them to control noise and other activities related to crypto mining before a new state law comes into effect on August 1, according to local media reports. The new state law brings crypto mining facilities under the same regulations applied
Stellar (XLM) is basking in the glow of Ripple’s partial win against the U.S. Securities and Exchange Commission (SEC), up around 60% since the court ruling on July 13. XRP fuels XLM price rally again XLM price has risen over 60% since July 13, when a federal judge ruled that the XRP sales on public
Bitcoin (BTC) threatened fresh downside over the weekend as markets geared up for the July 23 candle close. BTC/USD 1-hour chart. Source: TradingView $19,000-$23,000 “still on the cards” for Bitcoin Data from Cointelegraph Markets Pro and TradingView showed acting below $30,000, now set as intraday resistance. July 22 saw a brief dip to $29,640 before
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