The XRP price slips below the $0.49 mark today, amid ongoing legal battles between Ripple and the U.S. Securities and Exchange Commission (SEC). Although there is a gloomy sentiment noted in the broader market, the recent XRP slip also reflects investor apprehensions amid regulatory uncertainty. As the lawsuit unfolds, investors clamor for clarity on the future of Ripple’s native cryptocurrency, XRP, The post Ripple Lawsuit Update: XRP Dips Amid Ongoing SEC Battle, What’s Next? appeared first on CoinGape .
The SEC’s case against Ripple alleges that the company raised over $1.3 billion through the sale of XRP tokens, which the SEC claims are unregistered securities. The SEC argues that Ripple’s XRP sales, particularly the $728.9 million in direct institutional sales, set the expectation that investors would profit from Ripple’s efforts to develop the XRP The post SEC vs Ripple Lawsuit: Explainer & Timeline appeared first on CoinGape .
The world’s largest cryptocurrency Bitcoin continues to trade under pressure as the BTC price repeatedly failed to break past the resistance levels of $64,000. As of press time, BTC is trading at $60,990 with a market cap of $1.2 trillion. Bitcoin Price Eyes A Drop Under $52,000 In a recent analysis, crypto analyst Ali Martinez The post Bitcoin (BTC) Price Drop to $51,970 Coming If It Fails To Reclaim This Level appeared first on CoinGape .
In a surprising turn of events, the Layer 3 blockchain network known as Degen Chain has experienced a significant disruption, halting block production for over 11 consecutive hours and counting. This unexpected pause has left the crypto community bewildered, with the cause of the stoppage remaining shrouded in mystery. The sudden and prolonged interruption in The post Layer 3 Blockchain Degen Chain Halt Block Production For Hours, Here’s All appeared first on CoinGape .
Pro-XRP lawyer Bill Morgan responded to the recent announcement of Infinite Block, a Korean virtual asset service provider, joining as a validator in the XRP Ledger (XRPL). Moreover, he emphasized the significance of this development within the XRPL ecosystem. Morgan, known for his advocacy of Ripple and XRP-related initiatives, expressed his views on the matter. The post XRP Lawyer Reacts To South Korea’s Infinite Block Joining As XRPL Validator appeared first on CoinGape .
In his latest interview, Ripple CEO Brad Garlinghouse stated that the U.S. government’s next target in the crypto space would be Tether (USDT). As the U.S. government has been working to bring stablecoin regulations, it could potentially go after dominant players like Tether. However, hours later, Tether CTO Paolo Ardoino came with an explanation stating The post Breaking: Tether CTO Slams Ripple Chief Garlinghouse on USDT Remarks appeared first on CoinGape .
As the crypto market crash continues, investors prepare for the unpredictable rollercoaster ride that comes with it. This week, leading cryptocurrencies such as Bitcoin and Ethereum have experienced losses, ending up in the red zone with substantial decreases in their worth. Let’s explore the top crypto losers as we begin this week, examining their recent The post 4 Top Crypto Losers of the Start of the Week appeared first on CoinGape .
In a significant development, Chinese authorities have dismantled a major crypto exchange fraud operation, seizing approximately 2.14 billion yuan ($300 million) and apprehending six individuals involved in the illicit scheme. Notably, the crackdown, led by the Public Security Bureau of Panshi City, Jilin Province, underscores China’s proactive stance against crypto-related crimes. Meanwhile, the operation targeted underground banks The post China Cracks Down On $300M Crypto Exchange Fraud, Arrest 6 appeared first on CoinGape .
The founder of Uniswap, Hayden Adams, has unleashed a scathing critique aimed at the Biden campaign’s strategy, particularly regarding its stance on cryptocurrencies. Adams’ remarks come amidst a backdrop of escalating tensions between regulatory bodies and crypto advocates, including the U.S. Securities and Exchange Commission (SEC) and Senator Elizabeth Warren. As the cryptocurrency landscape continues The post Uniswap Founder Weighs-In On Biden Administration’s Crypto War Amid Campaign appeared first on CoinGape .
Against the backdrop of a price correction experienced by Shiba Inu over the past week, the meme coin continued a downside momentum today, May 13, piquing significant investor attention. Amid this slumping price action, a whale was noted to be moving a whopping 100 billion SHIB to Coinbase, one of the globally leading CEXs. This The post Shiba Inu’s Price Tanks 4% Amid 100B SHIB Moved To Coinbase, What’s Next? appeared first on CoinGape .