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John Deaton, the attorney representing XRP holders, has put forward a compelling argument that could potentially result in a 99.9% legal victory for Ripple in its ongoing legal battle with the SEC. Deaton’s Analysis challenges the prevailing belief that the SEC’s stance in the Ripple case is evenly split 50-50. Instead, he contends that the advantage heavily favors Ripple , resembling a 90-10 split in their favor. If Ripple ends up facing penalties of $20 million or less, this interpretation could lead to a resounding legal win for the company. Deaton’s perspective has been prompted by a recent post by Stuart Alderoty, the Chief Legal Officer of Ripple. It highlighted another legal setback for the SEC in the ongoing lawsuit. This viewpoint resonates with the sentiment prevalent in the cryptocurrency community. Several have been viewing a potential settlement of $20 million as a positive outcome for Ripple. This assessment takes into consideration the broader imp...

In an unexpected turn of events, Bitcoin, the world’s leading crypto currency, has mounted a significant comeback. It rekindled optimism within the crypto currency market. On Oct. 23, Bitcoin orchestrated its most substantial single-day rally in over a year, briefly breaching the $35,000 threshold. This sudden surge in value was triggered by enthusiastic responses from traders. This was following reports of BlackRock’s iShares Bitcoin ETF (IBTC) making its debut on the Depository Trust & Clearing Corporation (DTCC) website. The news of IBTC’s listing on the DTCC website injected a fresh wave of enthusiasm into the cryptocurrency space, reinforcing Bitcoin’s resilience and its capacity to elicit excitement in the market. Bitcoin’s resurgence has also fueled discussions about its future trajectory. According to experienced trader and analyst Peter Brandt, Bitcoin may be on a course to achieve new all-time highs. However, this feat will come to be by t...

The entire industry as well as several prominent firms have been betting big on Bitcoin’s spot exchange-traded funds [ETF]. Interest in Bitcoin spot ETFs has surged to unprecedented levels. It is evidenced by a global Google search volume for “spot Bitcoin ETF” that is nearing a five-year high of 100. This surge in online searches is a clear indicator of the growing public fascination with these investment vehicles. It also reflects increased awareness and a surge in participation. Source Similarly, the term “ Bitcoin ETF ” has experienced a notable resurgence. It reached a value of 39, the highest level since the introduction of ProShares’ futures-based ETF two years ago. This heightened search activity underscores the rising interest not only among retail investors but also among institutional players who are actively seeking information about Bitcoin spot ETFs and their potential impact on the crypto currency market. Market participants are gro...

Visa’s executive, Akshay Chopra, has unveiled the significant impact of the company’s partnerships with cryptocurrency exchanges, resulting in billions of dollars in payment volume. During a panel discussion at the Blockchain Economy Dubai Summit, Akshay Chopra, Visa’s Vice President, Head of Innovation and Design, spoke with Cointelegraph reporter Ezra Reguerra. He underscored the pivotal role that Visa cards have played in bridging the gap between traditional fiat currencies and the world of cryptocurrencies in recent years. Chopra pointed out that despite the growing interest in crypto currencies, their use for everyday transactions, such as buying a cup of coffee, remains far from widespread. To address this challenge, Visa forged partnerships with 75 leading crypto currency exchanges in 2021, enabling them to issue Visa cards . This initiative opened up a network of approximately 80 million Visa-affiliated merchants, extending the reach of crypto currency paymen...

How to Change the Bitcoin Address on the Cash App: A Guide In recent years, Bitcoin has become increasingly popular as a digital currency, and Cash App has emerged as a convenient platform for buying, selling, and storing crypto currencies. If you’re new to Cash App or unsure how to change your Bitcoin wallet address, this comprehensive guide will walk you through the process step-by-step. Whether you want to complete Bitcoin wallet verification, obtain a new Cash App Bitcoin wallet address, or even change your existing address, we’ll cover all the essential information you need. Also read: What Bank Does the Cash App Use? Source: Best Market Understanding Bitcoin Wallet Addresses Before we dive into changing your Bitcoin wallet address on the Cash App, let’s first understand what a wallet address is. A Bitcoin wallet address is a unique identifier that allows you to send and receive Bitcoin securely. It consists of a combination of letters and numbers...

The Chain LINK [ LINK ] network appears to be breaking away from the broader cryptocurrency market, showing signs of independent growth. During September, this asset witnessed a noteworthy 20% increase in its value. Currently, LINK is trading at $7.26, having experienced a 1.4% daily gain. It’s worth highlighting that the past two weeks have been particularly significant for this asset, as it climbed from a low of $6.53 to reach a peak of $7.30. But what triggered this rally? Numerous factors have contributed to the recent uptrend in this asset. Santiment observed that the level of LINK available on exchanges has been a significant factor. According to the on-chain analytics company, whenever LINK is transferred to exchanges, it has historically triggered positive price movements. Earlier this month, LINK’s supply on exchanges reached a peak for 2023, hitting 17.2%. Furthermore, this supply has now decreased to 16.4%, a development that is generally seen as favorable f...

Banq, a subsidiary of the Nevada-based crypto custodian Prime Trust, has filed for bankruptcy in a US bankruptcy court in Nevada, shortly after BitGo signed a letter of intent to purchase Prime Trust’s parent company.  Banq files for bankruptcy with $5 million in liabilities  Banq filed for Chapter 11 bankruptcy in the U.S. bankruptcy court in the district of Nevada, with the filing stating that the firm has around $17.72 million in assets and liabilities worth over $5.4 million.  The bankruptcy filing also noted that $17.5 million worth of assets were sent to Fortress NFT Group founded by three of Banq’s former top executives including the firm’s founder Scott Purcell, in an “unauthorized transfer.”  You might also like: Distressed Bittrex to borrow bitcoin to fuel bankruptcy proceedings Banq previously filed a lawsuit against Purcell, Prime Trust’s former chief legal officer George Georgiades, another ex-Prime Trus...

A recent Citi report provides an in-depth Analysis of the growth, challenges, and regional variations in the adoption of digital assets and distributed ledger technology (DLT) over the past year. On Aug. 23, Citi presented a comprehensive Analysis of the developments and challenges faced by the digital assets and distributed ledger technology (DLT) sector. Despite the setbacks of 2022, particularly for some crypto firms like FTX, the research offers an optimistic perspective on the evolution of DLT and digital assets. The report points out that a larger number of companies are now engaging with and showing interest in DLT and digital assets. The data shows a significant jump, from 47% of firms in 2022 to 74% in 2023. This increased engagement has led to the management of billions of USD through DLT platforms, involving over 20 major global financial institutions. You might also like: Terra blockchain shuts down its website to prevent phishing Interestingly, the challen...

The crypto verse has gained a global presence. While Twitter remains a favorite among crypto enthusiasts, other social media platforms are also rising in prominence. Notably, TikTok has been a hub for various crypto -related content. According to a recent study by CoinGecko, the top 15 crypto-related hashtags on TikTok have collectively garnered an impressive 115 billion views. Amid the multitude of hashtags, #crypto has risen as a standout performer. Boasting a remarkable 4 million posts, this hashtag has accumulated an astonishing 30 billion views, solidifying its position as one of the platform’s most widely-viewed hashtags. #Cryptocurrency, however, has comparatively fewer views. The term has still been used on 2 million posts with 10 billion views. Bitcoin tops crypto TikTok It looks like the king coin is a favorite among TikTok users. Bitcoin has amassed an impressive 5 million posts that have accumulated a total of 28 billion views through the hashtags #bitcoin and #bt...

The cryptocurrency landscape has witnessed numerous changes in recent years, with both positive and negative implications. One such negative aspect is the substantial decline in retail trade volume on Coinbase over the past three years. This is concerning, considering that the interest of retail investors in the crypto market has generally grown during this period. Source As seen in the above image, the institutional interest or trade volume on Coinbase has been soaring. Meanwhile, retail trade volume plummeted all the way from 40% down to 14% i.e 65% over the course of three years. But what is the reason behind this drastic drop? Also Read: Crypto Volume on Binance, Coinbase Dips 50%-70% Analyzing Coinbase’s decline in retail investors Coinbase has implemented fee increases for smaller traders to counterbalance the decline in trading volume. However, customers have started to voice their concerns and push back against Coinbase’s higher fees for smaller cry...

The number of Portuguese people investing in crypto currencies like bitcoin and ethereum has been gradually increasing, reaching around 268,000 individuals recently, according to Triple-A, a digital currency payment facilitator. However, compared to the global population, the interest of the Portuguese public in crypto investments is only half as strong. Crypto assets have gained much attention worldwide, with over 420 million crypto investors. Triple-A’s data shows that more Portuguese people would benefit from crypto currency investments if they had access to such opportunities. When looking at the percentage of the population holding crypto assets, the United Arab Emirates stands out, with 27.67% of its people engaged in crypto holdings. In terms of absolute numbers, India has the highest number of crypto adopters, with 103 million individuals, accounting for 7.10% of its population. China follows with 58 million investors (4.08% of the population), and the United States...

Tether Holdings Limited, the Hong Kong-based company and the issuer of USDT, the world’s largest stablecoin by circulating supply, has frozen an account holding over $4.1 million of the token on Ethereum, on-chain data on June 19 reveals. Tether freezes $4.1 million of USDT on Ethereum Tether froze $4.11 million of USDT on June 19 without explaining, records captured by WhaleAlert on the same day reveal. You might also like: Tether CTO says $1b USDT minted on Ethereum reserved for chain swapping On Etherscan, an analytics platform for tracking ethereum (ETH) and Ethereum-based tokens, records show that the USDT issuer had marked the wallet as frozen. At the same time, the associated address had four tokens in total. Besides the USDT, other assets were labeled as “suspicious.” It could not be immediately verified where the funds were from and why the USDT issuer decided to freeze the account.  On Reddit, a user observed that the frozen account b...

Amidst the ongoing meme coin frenzy, relatively older meme coins like Dogecoin [DOGE] and Shiba Inu [SHIB] continue to remain relevant. The increased number of transactions in these respective networks and adoption proves the same. The Shiba Inu, in particular, has been moving ahead untethered by the advent of new meme coins like PEPE. While the top ten crypto assets experienced a significant decline in terms of large transactions, Shiba Inu (SHIB) was moving in the opposite direction. According to data from IntoTheBlock, the Shiba Inu network noticed a notable increase in large transactions, reaching a value of $9.9 million. This surge occurred within the last 24 hours, representing a significant rise of 43.78%. It is worth noting that a significant portion of these transactions in the Shiba Inu network was attributed to whale investors. Data further indicated that the majority of SHIB holders, accounting for 67.35%, are whales. Retail investors make up 20.44% of the holders, whil...

Although transparency is one of the fundamental traits of cryptocurrencies, scanning a blockchain for transactions can be extremely daunting. Blocktrace, an Austin-based startup, believes artificial intelligence (AI) will speed up blockchain analysis and allow trend detection and anomalies in the cryptocurrency space more conveniently. Blocktrace created a chatbot called Robby the Robot to interact with data on the Bitcoin (BTC) blockchain. They named it after the famous character from the science fiction movie “Forbidden Planet.” Additionally, the company chose Bitcoin (BTC) as the first blockchain for its large sample size and history. MaGruder said that “Bitcoin is a great project to start with, and will likely always be around.” Moreover, the CEO added that Bitcoin (BTC) “has a large pool of user base addresses with a lot of activity.” ChatGPT + Bitcoin, please meet Robby the Robot. As a language model equipped with advanced natural language processing technology, Ro...

The FTX saga continues to take center stage, even though it has been months since the collapse. From Sam Bankman-Fried’s arrest to his bail and the conditions, SBF remained the topic of discussion. Once again, the former FTX chief was making headlines as a U.S. judge was discussing SBF’s bail conditions all over again. SBF currently faces 12 counts after last month’s addition of fresh fraud and conspiracy allegations by the prosecution. On the first eight charges, he entered a not-guilty plea in January 2023. SBF attorneys stated this in a letter to Kaplan on Wednesday. In addition to the fresh allegations, they could want more time than anticipated to analyze the available material and put up a response. Therefore, U.S. District Judge Lewis Kaplan will decide if the fraud trial that is scheduled for Oct. 2 will go as planned or be pushed back. Amidst this, other individuals involved in the case could be taken off the case. Shaquille O’Neal, a form...