Monthly archives: October 2022

The chief executive of Ripple Labs is sounding off against the U.S. Securities and Exchange Commission (SEC), saying that the regulatory agency doesn’t care about those it harmed with its XRP lawsuit. Ripple CEO Brad Garlinghouse tells his 662,000 Twitter followers that the SEC’s lawsuit isn’t about upholding the law, but rather consolidating power. “My …

Continue reading “Ripple CEO Brad Garlinghouse Slams SEC, Says Regulator Has No Regard for Those Harmed by XRP Lawsuit”

FTX CEO Sam Bankman-Fried is backing an idea suggested by Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero aimed at protecting small-scale investors.  Romero wants to adopt a new retail investor definition that would allow the agency to treat regular crypto traders differently from institutional investors and provide them with more limits and protection.  …

Continue reading “FTX CEO Sam Bankman-Fried Supports ‘Knowledge Tests’ for Retail Traders To Get Into Risky Trading Strategies”

Developers have begun testing a new sidechain on the XRP Ledger (XRPL) that make the blockchain compatible with the Ethereum network. In a blog post from RippleX, a community of XRPL developers, the firm says that blockchain development company Peersyst Technology is currently testing an Ethereum Virtual Machine (EVM) compatible sidechain for XRPL. The project …

Continue reading “Ripple Begins Push To Bring Ethereum-Compatible Sidechain to XRP Ledger”

A crypto trader has stepped into the spotlight in an effort to clear the air on how Mango Markets, a Solana-based decentralized finance (DeFi) trading platform, recently lost $100 million. Avraham Eisenberg, who runs a trading firm and describes himself as a “digital art dealer,” went public on Saturday as the brains behind the “legal” …

Continue reading “Crypto Trader Admits Involvement in Solana-Based DeFi Protocol’s Recent $100,000,000 Loss”

Perhaps one of the most captivating signs of the industry’s maturity is the increasing amount of court cases in which crypto companies fight back against perceived regulatory abuses. Last week saw some major advancements in that direction.  Digital asset manager Grayscale has filed its opening brief against the United States Securities Exchange Commission to challenge …

Continue reading “The crypto industry fights regulators in the courts: Law Decoded, Oct. 10–17”

The United States equities markets have made a bullish start to the new week. The S&P 500 is up about 2.60% and the Nasdaq Composite has rallied more than 3%. This indicates that the markets have shrugged off September’s high inflation reading and shifted focus onto the third-quarter earnings. The stock market’s recovery could pave …

Continue reading “Price analysis 10/17: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB”

On Monday, developers of the Terra ecosystem, which consists of Luna Classic (LUNC) — formerly known as Terra (LUN, TerraUSD (USTC), and Luna 2.0 (LUNA), proposed a revised expansion program for allocating 95 million LUNA ($248 million). As told by Terra, the new proposal is designed to incentivize development in the Terra ecosystem and fix …

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Ether (ETH) price has been unable to close above $1,400 for the past 29 days and it has been trading in a relatively tight $150 range. At the moment, the $1,250 support and the $1,400 resistance seem difficult to break, but two months ago, Ether was trading at $2,000. The current price range for Ether …

Continue reading “2 key Ethereum price indicators point to traders opening long positions”