Ripple objects further extensions in lieu of frozen XRP markets

October 20th, 2021

The latest update in the XRP lawsuit saw Ripple file an opposition to the SEC’s letter seeking a two-month extension of the Court-ordered expert discovery deadline, dragging the case further into the new year. Ripple noted that while it agreed to extend the deadline for rebuttal expert reports to November 12, expert discovery should not…

Solana, Ripple Price Analysis: October 18, 2021

October 18th, 2021

The cryptocurrency market is dotted red and green, but as reported, Bitcoin’s winning streak has remained intact. Despite Bitcoin rising to levels above $62,000, most altcoins are exhibiting consolidation movements. For instance, Ethereum is stuck below $4,000, notwithstanding the support at $3,800. Shiba Inu bulls are not ready to give up control, as they push…

SEC marks Ripple response as “misleading” in the RFAs dispute

October 14th, 2021

After losing its extensively stretched “privileged documents” argument, the SEC has now switched to three new words – “burdensome”, “irrelevant”, and “duplicative” to tackle every argument thrown at them. The latest update in the XRP lawsuit saw the plaintiff file an opposition against the defendant’s response to SEC’s protective order request in the RFAs dispute….

Ethereum, Shiba Inu Price Analysis: October 11, 2021

October 11th, 2021

Bitcoin has not slowed down the uptrend since the breakout at $44,000 toward the end of September. Its consistent upward action has impacted the market positively, with altcoins like Ethereum lifting above various key levels. As analyzed earlier, Bitcoin closed the weekend session above $56,000, as bulls boost toward $60,000. The demand for the bellwether…

Solana, Axie Infinity Price Analysis: October 5, 2021

October 6th, 2021

Cryptocurrencies inched a notch higher on Tuesday, with Bitcoin retuning above $50,000 for the first time since early September. Ethereum lifted above $3,500 but still lags action to $3,600. Similarly, Dogecoin came out of slumberland following several failed attempts; the meme-based coin currently trades above $0.25. Nonetheless, some crypto assets have not accrued as many…

Hong Kong Halts Evergrande Stocks Trading, Here’s How Crypto Market Could React?

October 4th, 2021

China’s infamous real estate giant Evergrande’s trouble seems to see no end as earlier today Hong Kong suspended trading of the Evergrande stocks along with several other property developer stocks. Evergrande is currently on a selling spree to avoid defaulting on its debt. The Chinese real-estate giant is now looking to raise $5 billion from…

Is The China FUD Going to Be A Boon for DeFi? Data Says So

September 29th, 2021

The recent crackdown by China and its decision to declare crypto transactions illegal has proved to be a boon for decentralized exchanges and the DeFi space. While a majority of the crypto market has been under selling pressure, these DeFi blue chips have seen a major boost in on-chain activity. Data provider Santiment notes that…

Coinbase’s Deleted Tweet Fuels Speculations About Bitcoin ETF, Here’s the Truth

September 29th, 2021

Coinbase Inc., the world’s leading public crypto exchange tweeted an official blog titled “Coinbase Report: Expect Growth in crypto Fund and SEC Approved ETF Soon.” However, the tweet was deleted soon after giving fire to speculations about possible Bitcoin ETF approval by SEC in October. The speculation mill believes the recently deleted tweet is a…

China Crypto Crackdown: Exchanges that gave in to the Regulators

September 27th, 2021

Amid the expanding Chinese Crypto crackdown, many exchanges have waved the white flag to the regulators. While the authoritarian government stands a strong ground against the decentralized sphere, the crypto platfroms suffer another blow with every new anti-crypto law. Two of the world’s largest cryptocurrency exchanges, Huobi and Binance have given up the fight for…

China Injects $19 Billion to Bail Out Evergrande, Here’s How Crypto Market Can Benefit

September 22nd, 2021

The Chinese Real Estate giant Evergrande has defaulted on its debt payment and the fear of the company’s payment default has led to a collectible slump in the financial market world over. Many believe the crypto market’s downturn over the past week was also influenced by the same as investors rushed to liquidate their crypto…