In a noteworthy development for the cryptocurrency landscape, asset manager Bitwise has filed for an XRP exchange-traded fund (ETF) in Delaware. This filing represents an essential pivot toward institutional investment in XRP, the digital asset associated with Ripple. The news was reported by Fox Business correspondent Eleanor Terrett, who pointed out the registration of an
Crypto
In a startling case that underscores the vulnerabilities of digital finance, Evan Frederick Light, a 21-year-old from Lebanon, Indiana, has confessed to executing an extensive cryptocurrency theft that has impacted nearly 600 victims across the globe. The crime, amounting to over $37 million, involved a meticulous plan characterized by deceit and technical know-how. On September
The tumultuous relationship between regulatory agencies and the cryptocurrency industry has reached a new chapter with the recent appeal filed by the U.S. Securities and Exchange Commission (SEC) in the ongoing lawsuit against Ripple Labs. This action highlights the intense scrutiny that blockchain technologies, particularly tokens like XRP, are facing as they navigate the complex
On October 1, an Iranian missile strike on Israel sent shockwaves through global markets, leading to a sudden drop in Bitcoin prices. The cryptocurrency noticed a drastic decline of nearly $4,000 within a single day, as it plummeted from just over $64,000 to around $60,000. Although Bitcoin has experienced slight recovery, trading at approximately $61,700
In an era where the cryptocurrency market is often dictated by volatile sentiments and swift price corrections, Ripple’s XRP stands as a remarkable outlier during the downturn observed on September 30, 2023. While leading cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) faced setbacks, XRP bucked the trend and managed to achieve a
As the cryptocurrency landscape continues to evolve, it finds itself increasingly riddled with scams that exploit both seasoned investors and newcomers alike. One alarming incident that emerged recently involved a fraudulent application masquerading as WalletConnect, a protocol that facilitates secure interactions between cryptocurrency wallets and decentralized applications (dApps). This case not only highlights vulnerabilities within
At the recent 2024 Tsinghua PBC Chief Economist Forum, a pivotal discussion emerged regarding China’s position on cryptocurrency, prompted by insight from former Vice Minister of Finance, Zhu Guangyao. His remarks usher in a crucial moment where the emphasis is not merely on the potential threats posed by the nascent industry but also on the
In a significant move to regulate the cryptocurrency market, Taiwan’s Financial Supervisory Commission (FSC) has unveiled a new policy that permits professional investors to access foreign cryptocurrency exchange-traded funds (ETFs) through local brokers. This regulation, as reported in a late September press release, is poised to reshape the landscape of cryptocurrency investments in Taiwan, ensuring
On September 27, Bitcoin (BTC) experienced a notable surge, jumping to $66,500—a price point it hadn’t reached since late July. This moment was laden with optimism among investors, so much so that discussions around the cryptocurrency were predominantly bullish. Yet, almost paradoxically, the euphoria was short-lived. Shortly after reaching this local high, Bitcoin experienced a
In a significant recent event, Binance, the world’s foremost cryptocurrency exchange, collaborated with Indian authorities to expose and dismantle a fraudulent yet seemingly legitimate online gaming application known as Fiewin. This app touted the premise of allowing users to earn income through engaging in mini-games. Unbeknownst to many, it was actually a sophisticated scam that