The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to escalate, with Ripple firing back against the SEC’s hefty civil penalty demands. This week’s developments shed light on the ongoing debate surrounding cryptocurrency regulation and the SEC’s enforcement strategies. Ripple Seeks “Appropriate” Penalty: On June 13th, Ripple’s lawyers filed…
The past week in the cryptocurrency world has been a whirlwind of dashed hopes and plummeting prices. What began with anticipation of a triumphant rise fueled by easing inflation data quickly morphed into a brutal shakeout, leaving investors reeling. Bitcoin’s Broken Wings: Bitcoin (BTC), the undisputed king of crypto, took a nosedive, tumbling over 2%…
Tether CEO Paolo Ardoino argues that Bitcoin is the only truly decentralized cryptocurrency among the thousands currently in existence. In a recent interview at the Bitcoin-centric conference BTC Prague, Ardoino emphasized Bitcoin’s unique qualities. Centralized Control vs. Algorithmic Rule Ardoino highlights the distinction between Bitcoin’s decentralized nature and the more common centralized structure of other…
Juan Leon, a senior crypto research analyst at Bitwise, anticipates that the dual demand for AI and cryptocurrency will shape the global economy more profoundly than is currently expected. Anyone observing the crypto industry or Wall Street has likely seen AI technology gradually gaining prominence in mainstream discussions, with companies like Nvidia leading the charge….
Circle, a leader in digital currency, is expanding its Web3 Services to the Solana blockchain. This move aims to empower developers building applications on Solana by providing them with essential tools. “We’re thrilled to introduce Circle’s Programmable Wallets to the Solana ecosystem,” Circle said in a statement. “This will allow developers to create secure, scalable,…
Investors in Bitcoin ETFs are selling their shares for the second day in a row, likely due to upcoming economic reports that could impact the market. According to data, these spot Bitcoin ETFs listed in the US saw a net outflow of $200 million on Tuesday. This is the highest outflow since early May, when…
The merger of tokens planned by the Artificial Superintelligence Alliance (ASI), which combines SingularityNET, Fetch.ai, and Ocean Protocol, has been rescheduled for July 15th. Despite the delay, ASI leaders remain optimistic about the future of superintelligence. While the merger faces a short postponement, SingularityNET and ASI founder Ben Goertzel told Cointelegraph that “superhuman superintelligence” could…
U.S. inflation showed signs of cooling in May, with the Consumer Price Index (CPI) coming in flat compared to forecasts of a slight increase. This positive news sent shockwaves through the cryptocurrency market, particularly Bitcoin (BTC), which jumped nearly 4% to $69,400 in the last day. Inflation Eases, Rate Cut Hopes Rekindled: The lower-than-expected inflation…
Investors in U.S.-listed spot Bitcoin ETFs pulled out a combined $65 million on Monday, ending a record 19-day streak of inflows, according to data. This shift comes amidst a broader market downturn and key economic events on the horizon. Grayscale’s GBTC led the outflows with $40 million, continuing its trend as the worst performer since…
Tether, the company behind the world’s biggest stablecoin USDT, is aiming to invest heavily in technology. Their venture capital arm is looking to make deals worth $1 billion over the next year, according to CEO Paolo Ardoino. Ardoino highlighted artificial intelligence (AI), financial infrastructure, and biotechnology as their key investment areas. This focus aligns with…
Bitcoin prices bounced back on Tuesday afternoon, reaching $67,300 after dipping to $66,177 earlier in the day. This marked the first time this month that Bitcoin fell below $67,000 and its lowest point since mid-May, according to CoinDesk data. Despite the rebound, Bitcoin remains more than 3% lower compared to its high of $69,711 from…
In a move to protect users, the Solana Foundation has booted a group of validator operators from its delegation program. These operators were caught engaging in “sandwich attacks,” a deceptive practice that exploits users on the network. How Do Sandwich Attacks Work? Imagine you’re trying to buy a stock. A malicious actor might spot your…