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Gemini ‘razor-thin’ liquidity pushes XRP price to momentarily hit $50

A price glitch on Gemini saw the value of Ripple’s XRP rise above $1 on Aug. 10 after the crypto exchange relisted the digital asset, according to data from the exchange. Numerous cryptocurrency traders on the X social media platform, formerly known as Twitter, independently verified that the XRP token’s value peaked at $50 on […] The post Gemini ‘razor-thin’ liquidity pushes XRP price to momentarily hit $50 appeared first on CryptoSlate. дальше »

2023-8-11 13:09


Binance Labs invests $5M in Curve DAO Token following $60M July hack

Binance Labs said on Aug. 10 that it has invested $5 million in Curve DAO Token (CRV) in an attempt to bolster the DeFi platform following an attack. Yi He, Co-Founder of Binance and Head of Binance Labs, said: “Given the recent events that have impacted the protocol, Binance Labs has offered our full support […] The post Binance Labs invests $5M in Curve DAO Token following $60M July hack appeared first on CryptoSlate. дальше »

2023-8-11 05:00


DCG labels Gemini lawsuit as ‘character assassination’ in motion to dismiss

Digital Currency Group (DCG) filed motions to dismiss the lawsuit brought against it by crypto exchange Gemini, according to an Aug. 10 court filing. DCG described the Gemini lawsuit as a continuation of the exchange’s public relations “character assassination” campaign started by its co-founders, Cameron and Tyler Winklevoss. дальше »

2023-8-11 00:55


Ripple legal chief refutes immediate SEC right to appeal pivotal XRP ruling

Ripple (XRP) chief legal officer Stuart Alderoty said the U.S. Securities and Exchange Commission (SEC) does not have the right to appeal the XRP ruling yet, according to an Aug. 10 tweet. Alderoty made this statement in response to a letter sent by the SEC outlining its intention to file a motion asking the Court […] The post Ripple legal chief refutes immediate SEC right to appeal pivotal XRP ruling appeared first on CryptoSlate. дальше »

2023-8-10 14:22


Bitcoin futures surge suggesting fresh capital entering market

Quick Take A sharp increase in futures open interest occurred on Aug. 9 to a level seen just seven times this halving cycle, thus registering one of the largest single-day surges ever. An impressive addition of over 32,000 Bitcoin was channeled into futures open interest contracts,  pushing the open interest close to the year-to-date highs. дальше »

2023-8-10 13:00


Rep. Maxine Waters criticizes PayPal’s stablecoin, demands regulation on par with financial institutions

Democratic U. S. Congresswoman and House Financial Services Committee Ranking Member Maxine Waters criticized PayPal’s stablecoin on Aug. 9. Waters said in a statement: “I am deeply concerned that PayPal has chosen to launch its own stablecoin while there is still no Federal framework for regulation, oversight, and enforcement of these assets. дальше »

2023-8-10 04:00


VCs firms face class action amid allegations of abetting FTX fraud

A class action complaint, recently filed on Aug. 7, implicates several venture capital firms, painting a grim picture of alleged gross financial mismanagement and deceptive practices. The plaintiffs, representing a class of impacted investors, allege that the group assured customers that their assets belonged solely to them and would not be transferred to FTX. дальше »

2023-8-9 14:38


House Financial Services Committee chair renews call for stablecoin legislation after PayPal’s PYUSD announcement

Representative Patrick McHenry, (R-NC), chair of the  U. S. House Financial Services Committee Chairman, endorsed PayPal’s recently-announced stablecoin on Aug. 7. McHenry said in a statement: “[PayPal’s] announcement is a clear signal that stablecoins—if issued under a clear regulatory framework—hold promise as a pillar of our 21st century payments system. дальше »

2023-8-8 04:00


Coinbase Files Motion To Dismiss SEC Lawsuit – Here’s Why

Prominent crypto exchange Coinbase is currently seeking to dismiss the allegations leveled against it by the United States Securities and Exchange Commission (SEC).  On Aug. 4, lawyers representing Coinbase submitted a motion to dismiss at the US District Court for the Southern District of New York, claiming the exchange does not offer securities and operates […] дальше »

2023-8-5 19:00