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Search Results for: ripple

Robinhood Recruits Key Executive To Prepare for UK Expansion

Robinhood is preparing to expand internationally in order to gain customers in the UK. According to Bloomberg, as a direct result, the US stock trading app has recruited a key executive from the British fintech business Freetrade. On Tuesday, it was reported that Jordan Dane Sinclair has been appointed CEO

July 25, 2023 2 mins read

Ethereum Price Analysis: Will ETH Break the $2K Mark Soon?

Ethereum (ETH), the largest altcoin by market capitalization, has experienced fluctuations in the crypto market. Similar to Bitcoin (BTC), ETH also struggles to surpass its key resistance – the $2000 level.  Following the positive Ripple lawsuit verdict, the Ethereum (ETH) price experienced a sudden surge, alongside several altcoins. On July

July 25, 2023 2 mins read

Crypto Asset Funds Experience Outflows Ahead of Fed Meeting

According to a report by CoinShares, crypto asset investment products saw outflows for the first time in five weeks, after four weeks of inflows from institutions totaling $742 million. The entire outflow from crypto asset investment products was $6.5 million. As investors sell off their Bitcoin holdings, they wonder whether

July 24, 2023 2 mins read

Custodia Bank CEO Criticizes Fed Over FedNow Exclusion

Caitlin Long, CEO of Custodia Bank, asserts, “The law is very clear,” with the exception of the Fed’s involvement. She noticed Amsterdam-based Adyen among the first group of 35 financial institutions that were granted access to the new 24-hour payment system FedNow on Thursday. The financial technology business got a

July 23, 2023 1 min read

Bitcoin Network Witnesses Abnormal Block Generation Delay

An abnormality on the Bitcoin network has been noticed by PeckShield Alert. It took more than an hour to mine a block of Bitcoin (BTC), leaving many transactions in pending condition. PeckShield shared an image showing that the most recent two blocks were mined 95 minutes apart by F2pool and

July 21, 2023 2 mins read

Crypto Winners: Top 3 Cryptocurrencies of the Day

Altcoin season is progressing with a bullish momentum, fueled by the partial victory of Ripple against the SEC. Another factor has emerged as the trigger: the US SEC initiating the review of 6 spot Bitcoin ETF proposals after approving BlackRock’s. Notably, Chainlink (LINK), Uniswap (UNI), and Maker (MKR) have emerged

July 21, 2023 3 mins read

Kuwait Enforces Nationwide Ban on Crypto Activities

Kuwait is the most recent country to outlaw any and all cryptocurrency-related activity. Kuwait’s primary financial watchdog, the Capital Markets Authority (CMA), published a circular on the oversight and issuance of virtual assets on July 18. In the circular, the CMA stated its commitment to an “absolute prohibition” of all

July 20, 2023 1 min read

SEC Chair Gary Gensler Budget Appeal; Crypto Industry at Risk?

In a significant address to the US Senate Appropriations Committee, SEC Chair Gary Gensler passionately emphasized the urgent need for increased financial support to regulate the cryptocurrency industry, which he referred to as the “Wild West.” The Chairman stressed the importance of protecting investors from potential risks arising due to

July 20, 2023 2 mins read

Nasdaq Drops Crypto Custody Plans Amid Regulatory Uncertainty

On Wednesday’s earnings call, CEO and President Adena Friedman said that Nasdaq (NDAQ) will not be launching its planned cryptocurrency custody service in the second quarter of this year. The American stock exchange giant said in September 2022 that it was assembling the necessary infrastructure and regulatory permission to launch

July 19, 2023 2 mins read