The fifth biggest cryptocurrency, XRP, is down 8% in the last 24 hours and is now around $0.70. According to CMC statistics, the cryptocurrency is once again below Binance’s BNB. It currently sits at the 5th position on the top crypto by market cap list on CMC. This decline follows
One of the most trending memecoins, Shiba Inu (SHIB) achieved a stabilized market value with a price surge over the last 24 hours. It is noted that the SHIB transactions have increased by 300% following the market growth as per data from CMC. The rapid surge in the overall crypto
Following a judgment by a U.S. federal court that XRP should not be deemed a security in some contexts, the larger cryptocurrency market is nearly uniformly green today. This upswing has pushed Ethereum, the second-biggest cryptocurrency by market size, back over $2,000 after a two-month absence. The price of Ether
In a lawsuit brought up by the Securities and Exchange Commission (SEC) in 2020, Ripple Labs triumphed on July 13 in the United States District Court for the Southern District of New York, when Judge Analisa Torres ruled in favor of the firm. Documents submitted on July 13 indicate that
Shiba Inu (SHIB) is consolidating its gains and trading sideways along with the rest of the cryptocurrency market, however, the bulk of its investors are now in the red. Specifically, as of July 12, data from the crypto analytics portal IntoTheBlock shows that 84.85%, or 1.06 million Shiba Inu addresses,
Bitcoin, according to crypto billionaire Mike Novogratz, will experience major increases by this year-end. In a recent interview with Bloomberg, Novogratz predicted that Bitcoin’s current consolidation period, between $28,000 and $32,000, will be followed by a significant increase. According to him, this upsurge might happen if the authorities in the
After the last difficulty adjustment on July 12, Bitcoin mining achieved an all-time high of 53.91 trillion units. It’s a way to rank the difficulty of mining Bitcoin. Every two weeks, the blockchain adjusts the difficulty to keep the average transaction time at 10 minutes. As the processing power of
The effects of 2022’s events continue to hang heavy over the crypto market. While the value of several cryptocurrencies has increased since the beginning of the year, many cryptocurrency businesses continue to struggle. Consequently, layoffs are still commonplace. Circle, the leading stablecoin issuer, has laid off employees. As a result,
ClassyCrypto, the operator of the Terra Luna Classic validator Classy’s Sphere, hopes that by burning billions of LUNC tokens, he will restore validator burns and put the LUNC price back up to $1. ClassyCrypto has declared that, until the end of the year, it would spend all of its validator’s
In an effort to boost market transparency, the Financial Services Commission (FSC) of South Korea has mandated that beginning in 2024, crypto firms that issue or possess cryptocurrencies include particular crypto disclosures in their financial statements. The new law mandates that cryptocurrency enterprises disclose their coin’s revenues, volume, and market
