At a recent fundraiser, former US President and current Republican Presidential candidate Donald Trump declared himself the “crypto president,” according to attendees. Trump positioned himself as a robust advocate for cryptocurrency, taking a stance against Democratic regulatory efforts. The event, which took place at the Pacific Heights home of tech venture capitalists David Sacks and…
The legal battle between the SEC and Ripple continues to cast a shadow over the cryptocurrency market. Investors are anxiously waiting for the court’s decision on whether Ripple’s XRP sales to institutional investors violated US securities laws. A potential loss for Ripple could result in a hefty fine and a court order (injunction) restricting them…
While Bitcoin fell short of $70,000 this week, analysts predict a fresh record is on the horizon. “A new all-time high for Bitcoin is inevitable,” declared Markus Thielen, CEO of 10x Research, in a June 7th note. Thielen identified a nearing completion of a bullish “head and shoulders” chart pattern. This could trigger “a surge…
Fidelity Investments is scoring wins on revenue-sharing agreements with exchange-traded fund (ETF) managers following a controversial fee policy. Investors use Fidelity’s platform to buy ETFs, and ETF managers typically charge fees. Fidelity wanted a slice of that pie. The company struck deals with nine ETF issuers who were previously facing potential surcharges for their funds…
A crypto project called Gemholic faces accusations of stealing investor funds after moving a large sum of money and vanishing from social media. Gemholic ran a decentralized exchange (DEX) named GemSwap on the ZkSync network, a layer-2 scaling solution for Ethereum. In April 2023, an expert discovered that Gemholic accidentally locked 921 ETH (around $1.7…
Ripple CEO Brad Garlinghouse believes the U.S. Securities and Exchange Commission (SEC) will approve exchange-traded funds (ETFs) for XRP, along with other cryptocurrencies, by next year. In a recent interview, Garlinghouse discussed the changing landscape of crypto regulations in the U.S., attributing the shift towards approving crypto ETFs to the SEC’s string of court defeats….
Binance, the world’s leading cryptocurrency exchange by trading volume, announced a significant achievement: surpassing 200 million registered users globally on June 8th. This number dwarfs reported figures from any competitor, though it’s important to note these are self-reported by Binance. Marking the occasion, Binance took to social media, highlighting the 200 million mark as a…
Good news for crypto buyers! Mastercard users can now once again purchase cryptocurrencies on Binance, the world’s largest exchange. This comes after Mastercard had disabled the option in August 2023. The previous suspension coincided with legal troubles for Binance in the US. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC)…
In a move to boost its global cryptocurrency presence and attract institutional investors, Robinhood, the popular trading platform (HOOD), announced an agreement to acquire Bitstamp, a well-established crypto exchange. The all-cash deal valued at $200 million is expected to finalize in the first half of 2025, subject to regulatory approvals. This strategic acquisition will allow…