The social media landscape is constantly evolving, and one platform that has been making waves recently is X. Formerly known as Twitter, X has been grabbing headlines with its innovative approach to digital interactions. In a groundbreaking move, X has obtained a regulatory license that allows it to process cryptocurrency payments in the United States.
After the recent legal victory of Ripple Lab against the US Securities and Exchange Commission (SEC), XRP experienced a decline, testing its 4-month support line at $0.4240. However, the cryptocurrency has displayed resilience by reclaiming its important psychological level of $0.50 and reentering its previous consolidation or accumulation zone. This renewed stability has ignited optimism
Securities and Exchange Commission (SEC) Chairman Gary Gensler is set to testify before Congress twice in September. These testimonies, scheduled for September 12th and September 27th, come in the wake of mounting criticisms and accusations from lawmakers, particularly Republicans, regarding Gensler’s approach to digital asset regulation. One of the primary concerns raised by lawmakers, including
Sui Network’s attempted recovery rally seems to be crumbling after facing a double-barreled rejection from the descendant lower trendline. This has left many investors wondering if Sui Blockchain is on the brink of collapse. The rally, which saw a 40% surge in SUI price over the course of 7 days, was triggered by a bounce
In recent developments, the founder of FTX, Samuel Bankman-Fried, is facing challenges in accessing crucial evidence against him, which his legal team argues is a violation of his constitutional rights. The attorneys contend that the proposed provision of an offline laptop and occasional internet access inside a courthouse cellblock is insufficient to review the extensive
U.S. prosecutors have recently responded to the complaints raised by Sam Bankman-Fried, the former CEO of FTX. In a filing on August 29, the prosecutors addressed the objections made by Bankman-Fried and his legal team regarding the government’s provision of discovery materials just before the trial. However, a critical analysis of the prosecutors’ response reveals
The social media giant, X, formerly known as Twitter, is making notable progress in its quest to integrate cryptocurrencies into its services. With the recent acquisition of a currency transmitter license in Rhode Island, X is moving closer to its vision of becoming an all-encompassing “everything app” similar to China’s WeChat. Under the leadership of
Bitcoin exchange netflow analysis shows a recent trend of negative values, indicating that investors have been withdrawing their coins from exchanges. The exchange netflow metric, which measures the net amount of Bitcoin moving into or out of centralized exchange wallets, is calculated by subtracting outflows from inflows. Positive values suggest that more coins are moving
On August 29th, Decred (DCR/USD) unveiled the latest version of Bison Relay, v0.1.8, which revolutionizes the decentralized e-commerce landscape. This game-changing support system offers a decentralized alternative to traditional platforms like Shopify, empowering users and reshaping the dynamics of online retail. One of the key features of Bison Relay v0.1.8 is its embrace of decentralization,
Bitcoin (BTC) price experienced a significant increase, rising by 5% and reaching a two-week high above $28,000. This surge came as a result of a positive court ruling in favor of Grayscale Bitcoin Trust (GBTC) against the U.S. Securities and Exchange Commission (SEC). The decision by U.S. Court of Appeals Circuit Judge Neomi Rao has