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Also Read: MakerDAO’s Bold Move Into Traditional Assets Fuels MKR Token Surge advertisement Meanwhile, the XRP community has been awaiting a response to the ruling from the US SEC officials. In a recent court filing in the Terraform Labs case, the agency indicated that it does not agree with the Summary Judgment and intends to review the decision. This came after Terra cofounder Do Kwon referred to the Ripple judgment as a precedent in the Terra fraud case. Ripple Roasts Gary Gensler Alderoty explained that investment contracts involve a transacting with one party taking money from the other and promise to increase the investment value. He added that the US SEC Chair has been trying to confuse people by saying digital tokens in and of itself can be a digital asset security. “Some (Gary Gensler) have been doing their best to confuse you for years bacause the SEC only has jurisdiction over securities and not otherwise.” Recommended Art

Binance becomes the first exchange to receive Operational MVP License from Dubai. The approved services include virtual asset services to retail and institutional investors. Binance previously received provisional and preparatory licenses from Dubai. Binance’s Dubai subsidiary, Binance FZE, has become the first exchange to receive the Operational Minimum Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). According to the official statement from the firm, this achievement implies Binance can now offer a range of approved services in Dubai, including exchange and broker-dealer services. Initially, these services were accessible to institutional and qualified retail investors. The exchange highlighted that the journey to this accomplishment had been arduous, given that it all started with a provisional MVP license in March 2022, followed by a preparatory MVP license in September of the same year. Now, the Dubai Authority

Insights into the XRP2.0 Token The XRP2.0 token is branded as a cutting-edge cryptocurrency that embodies the essence of technological innovation. Per its self-description, it combines advanced blockchain technology with state-of-the-art encryption algorithms to create a secure and decentralized digital currency. advertisement The cryptocurrency is soaring by 521.76% at the time of writing to $0.0001193. At a time when the broader crypto ecosystem is seeing an encompassing selloff, the upsurge in the price of XRP 2.0 is bolstered by a massive 1449.23% growth in trading volume with a total of more than $6.6 million traded overnight. XRP2.0 Price Chart. Source: CoinMarketCap The embrace of XRP2.0 is one that is best likened to memecoins considering its massive price surge. The current price peg is more than 78% below its All-Time High (ATH) which was set just about 5 days ago. In its relatively short existence, XRP 2.0 has recorded a more impressive Return on I

Bitcoin traders expect downside as BTC price offers a muted reaction to the Fed's "preferred" inflation metric. Bitcoin (BTC) stayed range bound at the July 28 Wall Street open despite further United States inflation data beating expectations. BTC/USD 1-hour chart. Source: TradingView Fed's "preferred" inflation metric points to waning pressure Data from Cointelegraph Markets Pro and TradingView showed BTC price action getting only a modest boost from the Personal Consumption Expenditures (PCE) Index print. This came in below estimates, hinting that U.S. inflation was continuing to subside and copying other data prints from the week. BREAKING: US PCE Price Index comes in below expectations Expected = 3.1% Actual = 3.0% Inflation continues to wane as per this metric pic.twitter.com/61mrcBDON6 — Game of Trades (@GameofTrades_) July 28, 2023 Commenting on its implications, financial commentary resource The Kobeissi Letter noted that PCE represented the Feder

For the better part of the last four days, hackers used Hogan's account to promote fraudulent XRP giveaway scams. The recent flood of scam tweet s on pro-XRP lawyer Jeremy Hogan’s hacked account has finally dried up after nearly four days. Since July 24, the XRP community has been diligently warning others and tagging Twitter’s support after they noticed Hogan’s account tweeting malicious links for a purported XRP (XRP) giveaway. As of 1 am on July 28, all of the XRP-giveaway-related tweets have been deleted, suggesting Hogan has either regained access to his account or that Twitter support has finally intervened. The last tweet sent out from Hogan’s account — now deleted — said that he was “feeling so generous” and offered to return double the amount of XRP sent to his address. This is NOT Jeremy Hogan. The address is a SCAMMER. DO NOT SEND XRP to this address. Please re tweet pic.twitter.com/tQYuUJC3BT — XRPiper (@bagpiperuk) July 27, 2023 On-chain data shows the mentioned

Jul 27, 2023 at 08:17 // Price Author Coin Idol Coinidol.com cryptocurrency market Analysis . The price of Polygon (MATIC) has reached a new low of $0.72. Polygon Price Long Term Forecast: Bearish Polygon price has now fallen to a low of $0.70. Further declines are unlikely as MATIC is trapped between the moving average lines. If the bears break below the 50-day simple moving average, the negative momentum will extend to the lower price area of $0.060. Polygon has been moving in a range between $0.60 and $0.80 since the June 10 price drops, but today the decl

BTC price is yet to see real volatility kick in as the Fed hikes rates with Chair Powell yet to speak. Bitcoin (BTC) shifted toward $30,000 on July 26 as the United States Federal Reserve delivered a fresh interest rate hike. BTC/USD 1-hour chart. Source: TradingView Bitcoin tames volatility ahead of Powell press conference Data from Cointelegraph Markets Pro and TradingView showed BTC price performance strengthening after the Federal Open Market Committee (FOMC) took rates 0.25% higher. While still fairly quiet, the largest cryptocurrency was still to react to a press conference from Fed Chair Jerome Powell due at 2.30pm Eastern time. This is traditionally the main cue for risk asset volatility, with markets closely watching Powell’s language for signs of future policy changes. "25 BPS is baked in so any deviation from that should yield a logical reaction, but #FED Chair #JPow goes out of his way to telegraph intentions and avoid surprises so don't expect any change from th

Reddit announced the release of the fourth generation NFT avatars, Retro Reimagined. The announcement resulted in a wide range of comments among the community. While a majority of the community criticized the launch, some appreciated it. Reddit, the American social networking platform, recently announced the launch of a new set of NFT collections, the fourth-generation avatars entitled Retro Reimagined, evoking stark criticism from the crypto community. The crypto community exhibited a mixed approach with pessimistic comments overpowering the minority’s optimistic view of the NFT avatars. Reddit released an update on the launch of the NFT collection, which is expected to occur on July 26. The platform proclaimed: Your patience shall soon be rewarded because GEN 4, “Retro Reimagined,” is on the horizon!…we are very excited to announce that Ali Sabet, rojom, gasolyn, StutterVoid, Conall-in-Space, kristyglas, dashikka (to name a few) are back and will be jo

Ripple’s XRP sales have surged in 2023, with the company selling approximately 2.22 billion XRP since the start of the year. XRP’s community influencer Mr. Huber was among the first to draw attention to the increased sales. He revealed that Ripple’s monthly XRP sales have risen 37% since last year. In 2022, Ripple sold a total of 2.75 billion XRP, averaging 230 million monthly. Since the beginning of 2023, the company behind XRP already sold 2.22 billion tokens, which means an average of 315 million monthly. Ripple sold about 2.75 billion XRP in 2022. That's 230 million per month. 2023 it's 315 million. That's 37% more per month. pic.twitter.com/6ykNyWJaD0 — Mr. Huber (@Leerzeit) July 24, 2023 Mr. Huber further notes that the myth surrounding Bitcoin’s perpetual price appreciation might also influence perceptions of XRP. He noticed that the major crypto relies too heavily on miners: “Bitcoin only works if miners can expect to not only offset hardware and energy cos

Lookonchain tweeted earlier today that a whale dumped 16,751 ETH on Binance in the past 24 hours. ETH’s price stood at $1,851.09 after it dropped 1.04% during the last day of trading. Technicals suggested that ETH may drop below $1,840 in the next couple of days. In the past few hours, a whale dumped 16,751 Ethereum (ETH), worth around $30.8M, following the latest market crash. According to a tweet by Lookonchain earlier today, the whale had sent the ETH tokens to Binance and exchanged the tokens for Tether (USDT). Shortly thereafter, the whale withdrew the entire 30.8 million USDT. A whale dumped 16,751 $ETH ($30.8M) after the market crashed. The whale deposited 16,751 $ETH to #Binance and withdrew 30.8M $USDT, the selling price is ~$1,840. Then deposited 30.8M $USDT to #Aave and #Compound through 2 addresses. https://t.co/wZQSXCvIA0 pic.twitter.com/O0FP3Egiy7 — Lookonchain (@lookonchain) July 25, 2023 This whale’s activity took place at a time that sa

Bankrupt US crypto exchange Bittrex has sent an email to customers that still hold funds on the platform, urging them to withdraw “as soon as possible.” Users have until August 31 to move money but are encouraged to do it soon, to give employees “sufficient time to resolve any unforeseen issues.” “Customers who meet the necessary regulatory requirements” can “access their accounts and withdraw any remaining assets,” its email read. Bittrex Inc., the US affiliate of Bittrex Global, began customer payouts to those who don’t have additional legal claims against the firm on June 15. Bittrex Inc. obtained an interim 250 bitcoin loan from parent company Aquila Holdings in order to pay back its customers, despite opposition from the US government — who said the firm still owed them millions for violating sanctions. Warnings to withdraw were first issued when it halted deposits in April. The crypto exchange filed for bankruptcy in Delaware in May, citing regulatory uncertainty. Accordin

Shiba Inu, the second largest meme coin, has established itself as a prominent presence in the cryptocurrency world. The team behind SHIB has consistently demonstrated their commitment to its development, as evidenced by initiatives like the Shiba Inu Burn program. The Shiba Inu burn rate has gained a reputation for its fluctuating nature. Some days witness substantial increases, while others see a decline. Despite this variability, the burn rate has remained relatively steady in recent days, with millions of SHIB being burned daily. According to the latest details from Shib burn ’s Twitter account, the burn numbers have gone up to 584,094,053 in the last seven days. In the last 7 days, there have been a total of 584,094,053 $SHIB tokens burn ed and 77 transactions. # shib — Shibburn (@shibburn) July 23, 2023 Shiba Inu burn rate falls to half a billion Details from the tweet reveal that 584,094,053 SHIB were sent to dead wallets in the last seven days. The burn

CryptoRank revealed that Binance is the top exchange launchpad in terms of average ROI. The research platform shared that Binance Launchpad has an ATH average ROI of 183.15x. Kucoin Spotlight, Gate.io Startup, Huobi Primelist and FTX IEOs were also included on CryptoRank’s top 5 list. CryptoRank, a research and Analysis platform, revealed that Binance is the top exchange launchpad in terms of all-time high (ATH) and current average return on investment (ROI). According to the platform, Binance Launchpad’s average ROI stands at around 17.66x. Meanwhile, the ATH average ROI for Binance Launchpad is an incredible 183.15x. Furthermore, the platform has hosted 35 initial exchange offering (IEO) campaigns – raising an applaudable $133.22 million. Ranked below Binance Launchpad are KuCoin Spotlight and Gate.io Startup. According to CryptoRank, these launchpads had respective average ROIs of around 3.47x and 0.586x. Notably, KuCoin Spotlight’s ATH average ROI stands a

FTX filed a fresh lawsuit against former CEO Sam Bankman-Fried (SBF) and his close associates. It is looking to recover over $1 billion in misappropriated funds. The lawsuit lists: Former co-founder SBF Chief technology officer Zixiao “Gary” Wang Former Alameda head Caroline Ellison FTX’s former Director of Engineering Nishad Singh The lawsuit claims that they failed in their fiduciary duties while at the helm, causing the eventual collapse of the cryptocurrency exchange.  FTX alleges that Bankman-Fried and his associates failed to maintain robust financial records. They allegedly carried out various transfers and expenses unchecked and also obfuscated their illegal activities. FTX said these transfers were made when the exchange and its subsidiaries were insolvent, claiming they were aware of the failing financial situation.  You might also like: U.S. authorities to seize $460m Robinhood shares tied to FTX Part of the numerous transfers and transactions listed in

The best NFT games have complete immersion, great UX, tokenized in-game assets, and a liquid marketplace. In this article, we are going to discuss the top NFT games in 2023 and how players can benefit from a robust crypto game, such as Chainers. Interested readers will explore methods of accumulating passive income with NFT beginner crypto games. Top 5 NFT Games in 2023 Get to learn about the 5 best crypto games free platforms and experience rewarding gameplay. 1.   Chainers Chainers is a next-generation Web 3.0 game for fun seekers to immerse themselves in exciting gameplay where they collect, build and own in-game assets. Creativity on Chainers is limitless. The more you build, the wealthier you become. Every day, good players have the opportunity of claiming free NFTs on Chainers. The Chainers game already has over 200,000 players today. The game is also available on AR via New Horizons, where players experience almost real virtual gameplay. All of these features ar

As investors, index funds, and crypto exchanges like Coinbase and Kraken rushed to seek exposure to the world’s four-largest digital asset, momentum built catalyzing a rally to $0.94 – a price level not seen since December 2021. advertisement The token powering the global Ripple payment system saw its market cap jump significantly to $43.5 billion as investors snatched XRP bolstered by improved sentiment and mind-boggling predictions. At some point, the XRP trading volume triumphed over Bitcoin, although it had shrunk slightly to $3.3 billion at the time of writing. XRP Price Homerun to $1 Gains Momentum Following the climb from a lengthy consolidation in the region between $0.45 and $0.5, XRP price trimmed the gains to $0.7 – possibly due to profit-taking among traders who were stuck in the same position for weeks or even months. Recommended Articles Crypto Presale