Whales on the $XRP network have been accumulating the cryptocurrency even at a time in which the cryptocurrency’s price keeps on surging ahead of a potential ruling on the U.S. Securities and Exchange Commission’s lawsuit against Ripple and two of its executives. According to blockchain analytics firm Santiment,...
Amid deteriorating trade volumes on the exchange, Coinbase is now sued for patent infringement over crypto transfer technology. In a complaint filed on Thursday, Veritaseum Capital accused Coinbase of patent infringement. Veritaseum is a company that builds blockchain-based, peer-to-peer capital markets as software. It alleged that Coinbase’s operations violate Veritaseum’s intellectual property rights.
On-chain data shows some old Bitcoin supply has recently been moved into exchanges, something that could be bearish for the crypto’s price.
The stock price of crypto exchange Coinbase has dropped significantly on Friday after negative outlook by analysts. The COIN price is currently down 3.63% during the day, which is the lowest level in last two months. While the trade volume on the crypto exchange continues to fall, Coinbase is faced with lowered outlook. Analysts trimmed down their outlooks for the cryptocurrency market.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The Vasil upgrade was announced to be a success by IOHK. This upgrade “will bring significant performance & capability enhancements”, and IOHK described it as the most ambitious program of work they’ve undertaken. On the price charts, the past few days have seen the price register sizeable...
Celsius, a bankruptcy ridden digital asset lending company is dealing with legal trouble amid the crypto downturn. However, its shareholders have now filed a motion to set up a committee in order to get the required representation.
Despite an largely dull cryptocurrency market, Ripple (XRP) appears to be an exception of sorts. In an environment that is largely driven by a negative price momentum, XRP has recently shown great price jump. One clear reason could be the possibility of a final verdict and closure of the SEC Vs Ripple case in upcoming days. To support this theory, major technical metrics are on a bullish pattern and hence there is chance of further rally. There is a strong...
The total number of transactions conducted on the Solana ($SOL) network has surpassed the 100 billion mark, at a time in which institutional investor bets on the cryptocurrency keep trickling in, despite the ongoing bear market. According to data from Solana’s blockchain explorer, the network has now processed a total...
Bloomberg commodity strategist Mike McGlone has recently said that Bitcoin ($BTC) and U.S. Treasury bonds are both dropped to “extreme discounts” amid the Federal Reserve’s hawkish moves to tame inflation. According to a tweet McGlone shared with his over 50,000 followers on the microblogging platform, he believes the...
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