Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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Ripple CEO Brad Garlinghouse Faces Trial Over Alleged 2017 Misleading Statements As Battle Heats Up
Ripple faces a fresh civil securities lawsuit after Judge Phyllis Hamilton announced her approval and dismissed four allegations around the failure to register XRP as a security. According to the allegation, Ripple’s boss Brad Garlinghouse made a statement in 2017 that allegedly misled people to invest in XRP. The conclusion of Ripple’s (XRP) legal showdown hangs in the balance as Judge Phyllis Hamilton of the U.S. District Court for the Northern District of California approves a fresh civil securities lawsuit…
12 months ago
Ripple CEO Urges U.S. Leadership in Blockchain Amidst Legal Hurdles
Ripple’s CEO calls for U.S. to lead in blockchain despite regulatory challenges. SEC may not appeal recent partial ruling in Ripple’s favor, suggesting case resolution. Despite continuing governmental obstacles and a fresh lawsuit against the company, Ripple CEO Brad Garlinghouse restated his goal for the United States to lead the world in blockchain and cryptocurrencies. Jack The Rippler, a well-known Ripple enthusiast, posted an excerpt from Garlinghouse’s CNBC interview. Garlinghouse voiced worries in the interview about the resistance the U.S.…
12 months ago
BTC Gets $80,000 Price Tag From Binance CEO; Spot Bitcoin ETFs To Drive Rally
The post BTC Gets $80,000 Price Tag From Binance CEO; Spot Bitcoin ETFs To Drive Rally appeared first on Coinpedia Fintech News Binance Chief Executive Officer (CEO), Richard Teng, has given BTC an $80,000 price tag, underscoring the token’s significant growth potential driven by Spot Bitcoin ETFs. Amidst this bullish prediction, ETFSwap (ETFS), an innovative crypto and ETF trading platform, has been projected to soar 108X amid the rising demand for Spot Bitcoin ETFs. Investors Flock To ETFSwap (ETFS) Presale…
12 months ago
Stablecoins To Account For 10% Of Global Economy: Circle CEO
Jeremy Allaire, the CEO of USDC issuer Circle, has predicted that stablecoins are on course to account for 10% of the global economy in the next ten years. Allaire shared his views in a social media post, discussing his perspective on the cryptocurrency market and the growing integration of stablecoins in the global financial ecosystem. The Impact Of The Internet On Crypto According to Allaire, stablecoins are on the cusp of a significant wave of adoption, given their growing acceptance…
12 months ago
Is Solana A Good Buy? Finance CEO Predicts ‘Magnificent’ Autumn Rally
Raoul Pal, the co-founder and Chief Executive Officer (CEO) of Real Vision, a financial media platform, has indicated that Solana is on the brink of reversing its bearish trends. The financial expert has predicted a “magnificent autumn rally” for the cryptocurrency in this market cycle. Solana To Witness Major Autumn Rally Solana’s recent downward trend could potentially signal a great buying opportunity for investors who remain optimistic about the cryptocurrency’s future outlook. Being a popular supporter and long-term investor of…
12 months ago
Binance CEO Sets Bitcoin Price Target Above $80,000 by Year’s End; Explains Why
The post Binance CEO Sets Bitcoin Price Target Above $80,000 by Year’s End; Explains Why appeared first on Coinpedia Fintech News The Federal Reserve’s hawkish stance last week during the FOMC lowered institutional investors’ confidence, leading to major market outflows across all crypto Exchange Traded Products (ETPs). Last week alone, these outflows amounted to about $600 million. Reflecting on these developments, it’s evident that we’re in a different phase now and this could be influencing Bitcoin’s recent decline to around…
12 months ago
BlackRock CEO Endorses Bitcoin as a Safe Haven During Economic Turmoil
Larry Fink highlighted the shift from traditional banking to capital markets for private-sector financing. Bitcoin is gaining traction as a safe haven, with institutional interest increasing due to its higher returns and low correlation with equities. BlackRock CEO Larry Fink addressed the Group of Seven (G7) leaders, emphasizing a significant transformation in the global financial space. He pointed to the growing importance of capital markets as the primary source of private-sector financing, indicating a pressing need for innovative strategies to…
12 months ago
US 2024 Elections: Pro-Crypto Candidates for the WIN? Ripple CEO Comments
The post US 2024 Elections: Pro-Crypto Candidates for the WIN? Ripple CEO Comments appeared first on Coinpedia Fintech News The new political power player is here, and it’s digital. Since 2023, the cryptocurrency industry has poured $150 million into political campaigns, aiming to influence regulations favoring digital currencies. Ripple CEO Brad Garlinghouse recently ignited debate by suggesting that candidates supportive of crypto could see significant financial backing soon. Understanding the Political Impact Garlinghouse’s comments highlight the increasing sway of crypto…
12 months ago
Bitcoin as Safe Haven: BlackRock CEO Exposes Global Economic Crisis
BlackRock CEO Larry Fink recently addressed the Group of Seven (G7) leaders. He highlighted a significant shift in the global financial system. Fink emphasized the growing role of capital markets as the primary source of private-sector financing. This change signals a pressing need for new strategies to unlock financial potential. Larry Fink: The “Growth Dilemma” In a keynote address, Fink highlighted a pressing “growth dilemma” impacting emerging economies and established economic powers. “The International Monetary Fund and the World Bank…
12 months ago