US

Ripple’s potential overseas IPO reflects skepticism towards U.S. regulatory approval. A blockchain researcher predicts that the XRP price will surge if Ripple goes public. With his statement that it makes no sense to go public in the United States, Ripple CEO Brad Garlinghouse has suggested that the business is looking at other jurisdictions for a possible IPO. Garlinghouse hinted at this during a CoinDesk-hosted interview at the 2024 Consensus conference. Directly questioned on Ripple’s IPO intentions, Garlinghouse voiced doubts about…

The post Ripple CEO Considering IPO Outside OF U.S. Until Gensler Is In Chair Position appeared first on Coinpedia Fintech News The legal battle between Ripple and the SEC has intensified as Ripple seeks to keep its financial data confidential amidst the SEC’s pursuit of $2 billion in penalties related to Ripple’s XRP sales. Amidst of this Ripple CEO Brad Garlinghouse drops hints about considering overseas jurisdictions for a potential Initial Public Offering (IPO) during an interview at the 2024…

The post Bitcoin Recover Over Steady US PCE Inflation appeared first on Coinpedia Fintech News The US PCE inflation increased 0.3% in April, in line with market expectations. On a year-over-year basis, the PCE inflation jumped 2.7%. The Bitcoin price however noted a slight recovery, despite the latest inflation data. Following the PCE inflation release, Bitcoin price soared 0.95% to $68,773.23. Notably, The inflation remaining above the Federal Reserve’s 2% target range has dulled the investors’ sentiment so far.

Bitcoin miners in the U.S. spent $2.7 billion on electricity in the early months of 2024. Post-halving in April, the energy required to mine one Bitcoin increased by two times. The Bitcoin mining industry in the United States has seen a sharp increase in electricity usage and costs in the first quarter of 2024. There has been a growing concern for the sustainability and efficiency of the energy sector due to the rising demand for energy. Paul Hoffman, an analyst…

The post Crypto Becomes U.S. Election Issue: Cathie Wood Explains Sudden SEC Approval of Ethereum ETFs appeared first on Coinpedia Fintech News In a revealing interview with Peter McCormack, host of the What Bitcoin Did podcast, ARK Invest CEO and CIO Cathie Wood made headlines by declaring that cryptocurrency has become a pivotal issue in U.S. politics. Wood suggested that this political shift was a key factor in the U.S. Securities and Exchange Commission’s (SEC) unexpected approval of several ether…

Former President Donald Trump is arguably exploring crypto solutions to solve the US debt crisis. While Trump is warming up to crypto, many are skeptical of his intention. US Republican Presidential candidate Donald Trump is reportedly seeking crypto solutions to recover the nation’s $35 trillion debt. Specifically, Trump queried David Bailey, the CEO of Bitcoin Magazine about using Bitcoin to address debt challenges in the US. Donald Trump Seeking Crypto Solutions Bailey, a crypto aide of the Trump campaign, revealed…

Donald Trump is considering cryptocurrency as a potential solution to the soaring US national debt. In a recent discussion, Trump queried David Bailey, CEO of Bitcoin Magazine, about Bitcoin’s ability to address the nation’s $35 trillion debt. Bailey and His Team Advise Trump on Bitcoin Policies Bailey revealed the details of this conversation during a recent X space session, noting that in their initial meeting, Trump inquired if Bitcoin could help alleviate the $35 trillion national debt. Although Bailey had…

Donald Trump promises to stop Joe Biden’s anti-crypto policies and support self-custody of digital assets. Trump’s campaign is now accepting crypto donations, making him the first major candidate to do so. Former U.S. President Donald Trump has made a bold declaration regarding the United States’ position in the cryptocurrency industry. In a recent post, Trump emphasized the necessity for the country to be the frontrunner in this growing sector. Highlighting his commitment to fostering innovation and growth within the crypto…

Republican presidential candidate Donald Trump has once again stated how much he supports cryptocurrencies. Trump supports the freedom of self-custody, adamantly opposing the establishment of CBDC. Former US President and present Republican presidential candidate Donald Trump has once again stated how much he supports cryptocurrencies. The election is coming up later this year, and Trump has made his position on virtual currencies very evident. According to blockchain researcher Collin Brown, the USA will have a major impact on the direction…