Ripple has expanded its payments network to more than 70 crypto and traditional payout markets. “Accumulatively this adds up to 90% of the global foreign exchange market,” the company explained, highlighting that the Ripple network has facilitated over $30 billion in payment volume to date. Latest Iteration of Ripple’s Payments Solution Ripple announced at its…
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Bitcoin Price Bullish Streak Takes A Break But Bulls Are Not Done Yet
Bitcoin price rallied further above the $37,200 resistance zone. BTC is now consolidating and might aim for more upsides above the $37,600 resistance zone. Bitcoin started a strong increase above the $37,200 resistance zone. The price is trading above $36,200 and the 100 hourly Simple moving average. There is a major bullish trend line forming…
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UBS Allows Crypto ETF Trading for Select Hong Kong Clients
Source: AdobeStock / lenscap50 UBS Group AG has joined rivals such as HSBC Holdings Plc, in extending an invitation to select clients in Hong Kong to trade specific crypto-linked exchange-traded funds (ETFs). The decision aligns with Hong Kong’s recent efforts to establish itself as a digital-asset hub, with the Securities and Futures Commission (SFC) authorizing…
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House Approves Amendment to Limit SEC’s Crypto Enforcement Authority
The U.S. House of Representatives has approved an amendment to the Financial Services and General Government Appropriations Act that limits the authority of the U.S. Securities and Exchange Commission (SEC) to carry out enforcement actions against the crypto industry. “Gary Gensler is as ineffective as he is incompetent,” said Congressman Tom Emmer. “Congress will hold…
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Bitcoin Bulls Gear Up: 200-Day SMA Rise And Historical Trend Signal $50,000 Price Target
In a surprising turn of events, Bitcoin (BTC) has once again defied expectations by reaching a new yearly high, igniting speculation about whether it can break the $40,000 milestone. After a brief consolidation phase, the leading cryptocurrency has regained its bullish momentum, soaring to a peak of $38,000 before retracing to its current trading level…
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Blackrock Files to Launch Ethereum Trust ETF on Nasdaq, Eyes Spot Crypto Market Entry
In a significant development for cryptocurrency investment vehicles, Blackrock Inc., through its subsidiary Ishares Delaware Trust Sponsor LLC, has filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list shares of the Ishares Ethereum Trust on the Nasdaq. Blackrock Dives Deeper Into Crypto With Ethereum ETF Plan Amid Regulatory Clarity After…
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Head of South Korea’s Biggest Crypto Exchange ‘Not Guilty’ of Data Manipulation
Source: vladim_ka/Adobe The head of Dunamu, operator of South Korea’s market-leading Upbit crypto exchange, has been found not guilty of manipulating platform data. Per Chosun Ilbo, the nation’s Supreme Court acquitted the Dunamu Chairman Song Chi-hyung, of fraud charges under the Aggravated Punishment Act for Specific Economic Crimes. Prosecutors alleged Song and a group of…
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Senator Introduces ‘Keep Your Coins Act’ to Protect Right to Use Self-Hosted Wallets
The Keep Your Coins Act has been introduced in the Senate to allow individuals to maintain custody of their cryptocurrencies in self-hosted wallets. The bill also seeks to prohibit federal agencies from “proposing a rule that would impair a person’s ability to act as a self-custodian of digital assets.” Keep Your Coins Act Introduced in…
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Ether Surges to 7-Month High, Outshines Bitcoin on BlackRock ETF Plans; Altcoins Plunge
Bitcoin hit an 18-month high near $38,000 before pulling back sharply.
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Polygon (MATIC) Flying: Is This Program The Primary Catalyst?
MATIC, the native token of Polygon, an Ethereum sidechain, is ripping higher, mirroring the general performance across the crypto scene, spearheaded by Bitcoin (BTC). As of November 9, MATIC is up roughly 5% in the past 24 hours and inching closer to July 23 highs, looking at the candlestick arrangement in the daily chart. This…
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