|Day's Range||0.493546 - 0.541433|
|52 Week Range||0.290579 - 0.580400|
|Volume (24hr) All Currencies||2.07B|
Landmark new crypto laws under MiCA may have few short-term benefits without further steps, the report commissioned by EU lawmakers says
There are rumors circulating that Ripple Labs Inc., the U.S.-based technology company that builds XRP infrastructure, may soon settle with the U.S. Securities and Exchange Commission (SEC). The SEC asserts that Ripple distributed 14.6 billion units of a crypto token known as XRP, and sued the company and its executives CEO Brad Garlinghouse and co-founder Christian Larsen for failure to register XRP as security, that being a requirement for the public offering and sale of securities. The question for the court, therefore, is whether XRP can be considered a security, which would determine if Ripple should have registered XRP.
The latest price moves in bitcoin (BTC) and crypto markets in context for May 18, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Metaco will continue to operate as an independent business unit led by CEO and founder Adrien Treccani.
The SEC and Ripple have sparred for months over a set of documents related to Bill Hinman's 2018 speech on securities law and ether.
A U.S. judge ruled in November that the crypto startup had violated securities laws by selling its native LBC token without registering with the SEC.
The U.S. puts politics ahead of policy, Brad Garlinghouse has said at the 2023 Dubai Fintech Summit.
Ripple has continued to sell XRP only in connection with its international transaction product.
The Izz ad-Din al-Qassam Brigades reportedly said the move is to protect donors from harm.
The collapse of Terra continues to reverberate in Do Kwon’s homeland, but there are signs of progress, CoinDesk’s Emily Parker reports.
ALSO: Crypto exchange Bitget's $100 million fund targeting Web3 comes as Hong Kong eases crypto regulations and a number of East Asian countries have been promoting crypto.
The pilot will see the central bank identify the practical application of a national stablecoin and come up with a design to simulate its circulation.
Trading volumes and prices for the two tokens have surged in the past few days on local exchanges.
Bitcoin has fallen below $28,000 as regulatory action against the crypto industry intensifies and the US government announces a schedule to sell 41,490 BTC in 2023.
The latest price moves in bitcoin (BTC) and crypto markets in context for March 31, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
XRP trading made up nearly 50% of all volumes on Korbit, a prominent local exchange.
Holders are taking short-term profits at the widest margin in more than a year, CryptoQuant analysts said.
If the court rules that XRP is a security, it would mean the same for other alternative cryptocurrencies (altcoins) and subject them to stringent supervision. The market, however, expects Ripple to win after CFTC on Monday classified bitcoin as commodity.
Latest crypto market updates on Wednesday.
XRP led gains in major tokens on positive sentiment, but might face a sell-off in coming days.
The U.S. Security and Exchange Commission (SEC) accuses XRP of being an unregistered security in a court case that’s expected to be completed soon.
An artist made great art and learned about Bitcoin.
Some remain upbeat about the medium-term outlook for bitcoin and the broader market.
The cryptocurrency market cap rose by 2% today, with major altcoin ripple roaring past bitcoin in terms of daily gains, as investors await a verdict in the ongoing case between XRP and the Securities and Exchange Commission in the US.
The market saw higher-than-usual volatility this week following the collapse of crypto-friendly banks over the weekend.