Despite the sluggish performance of XRP in terms of price, a crypto analyst by the name of Javon Marks has made bold predictions regarding the potential price breakout for the native token of the XRP Ledger. Marks believes that XRP could see an impressive surge of up to 42,263%, reaching a target price of $280
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The DeFi Education Fund and the Blockchain Association have united to challenge the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT). The main argument presented in their amicus brief focused on the significant privacy and security concerns posed by the CAT, especially for participants in the digital asset market. They claimed that the CAT
In a recent development, a US federal judge has denied crypto exchange Kraken’s request to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC) over allegations of operating an unregistered securities exchange. This decision comes after Kraken requested a dismissal of the case filed by the SEC in November. The regulator’s complaint accused
The XRP price is currently hovering around the $0.60 mark, which is seen as a psychological barrier for many traders. Despite the general market uncertainty, XRP has shown interesting price movements that have caught the attention of many cryptocurrency enthusiasts. While some investors are still bearish on XRP, there are others who are anticipating a
The month of August brought significant volatility to the Bitcoin market, with the cryptocurrency experiencing multiple crashes throughout the month. The first week of August saw a 30% crash in the price of Bitcoin, leading to a market-wide decline that particularly affected altcoins. While there has been some recovery since then, the Bitcoin price has
The Indian government is taking a proactive approach towards regulating the crypto sector by introducing comprehensive regulations. It has been reported that the government is gearing up to release a consultation paper in the coming weeks to solicit feedback from stakeholders. This initiative underscores the government’s commitment to establishing a regulatory framework for digital currencies
Coinbase recently announced its support for the Ethereum layer-2 network Polygon’s upcoming token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). The exchange is set to begin migrating the Polygon ticker from MATIC to POL starting August 26th. The migration process from MATIC to POL will be completed by Coinbase on behalf
Despite consolidating above the $2,550 resistance, Ethereum is facing challenges in gaining bullish momentum above the $2,650 level. The price is currently trading above $2,600 and the 100-hourly Simple Moving Average, but it is struggling to make a significant move towards higher levels. The hourly MACD for ETH/USD is gaining momentum in the bullish zone,
Bitcoin is currently experiencing a phase of consolidation above the $60,000 zone. This stability is a positive sign for the cryptocurrency market, as it indicates a potential for further gains in the near future. The price of Bitcoin is holding steady above $59,500 and the 100 hourly Simple Moving Average, showing strength in its current
The cryptocurrency market has witnessed several bull and bear cycles over the years, with the Bitcoin price being subjected to these fluctuations. PlanB, a prominent crypto analyst, has conducted an analysis of previous cycle performances to predict the future trajectory of Bitcoin’s price. By examining past trends, PlanB has suggested that the current bull run