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In a recent legal development, a US judge ruled that Ripple ’s XRP should not be classified as a security, effectively resolving the dispute between XRP and the SEC. Following this decision, the price of XRP experienced a significant surge in the market. The outcome was seen as a crucial victory for Ripple , concluding the extended lawsuit. However, XRP hasn’t reached the price anticipated by many. The statement comes from renowned crypto lawyer John E Deaton . In one of his recent tweets, Deaton stated that the price didn’t reach a favorable level as expected by many after the prolonged lawsuit came to an end. Also read: Shiba Inu (SHIB): Exploring Drivers of 20% Price Explosion It’s all about expectations. Unless we were in a full bull market – led by #Bitcoin – I never believed XRP would hit an ATH, even after a good ruling and I said that when asked about my expectations on price (although I did expect it to break $1 tbh). But unt...

A Drop Below $1500 On ETH Price? These back-to-back transfers have ignited discussions about potential market implications and the motives behind these substantial movements. Also, concerns have arisen that heightened whale activity might exert downward pressure on the price of ETH , possibly leading it to breach the $1,500 level. Presently, the ETH coin price is trading at $1,647.75, experiencing a minor drop of less than 1% over the last 24 hours. Its market capitalization of $198.05 billion. advertisement Even though the above data signals that Whales are getting rid of their ETH holdings, an interesting trend emerged during the recent market downturn. While smaller traders were offloading their holdings, prominent players within the crypto landscape were seen accumulating ETH . This accumulation has led to an increased concentration of ETH supply, with the top 10 addresses now controlling more than 35% of the total supply. However, this elevated concentra...

The U.S. Department of Justice (DOJ) has launched an investigation into Visa in regard to its tokenization technology pricing methods. In particular, the investigation is related to the firm’s merchant fee policies for proprietary cardholder data protection technology. The DOJ is currently looking into Visa’s practice of charging merchants additional fees if they choose not to utilize the company’s proprietary “tokenization” technology. Tokenization involves swapping out sensitive card information for less-usable tokens to increase payment security. Also Read: Visa to Share CBDC Expertise with Azerbaijan Central Bank These questions came to light more than two years after the DOJ first engaged Visa in an antitrust investigation. Moreover, Mastercard recently reached a settlement in a case identical to this one concerning its tokenization techniques. The Sherman Antitrust Act, a crucial statute against monopolistic behavior, has been a focus of the...

In Cointime Economics, the time Bitcoin has been held is considered when it is transacted, giving hodlers’ transactions greater weight. ARK Invest and Glassnode have released white papers describing a proposed framework for analyzing Bitcoin on-chain metric s. The new method is called Cointime Economics and introduces a new measure – the coinblock – to represent the state of the Bitcoin (BTC) network.  Cointime Economics can be used to represent Bitcoin’s economic state in place of outstanding supply. The use of the new system may improve valuation metric s and provide a new analytical tool to measure Bitcoin activity, according to authors David Puell of ARK Invest and James Check of Glassnode. They said: “The importance of a single bitcoin should vary based on the last time it moved. Upon its transfer, for example, the information value of a bitcoin that had been unmoved for 10 years is more important than one that had been unmoved for 1 week.” The reasoning behind this supposition...

Bitcoin’s (BTC) price has been struggling around the $26,000 mark over the past week, but with the recent incline, more investors have shifted to self-custody. The flagship cryptocurrency finally gained bullish traction with a 1.5% rise in the past 24 hours — the upward momentum came while the BTC price dropped below the $26,000 mark six times over the past week. BTC whale activity and supply on exchanges – Aug. 24 | Source: Santiment Moreover, Bitcoin is trading at $26,460 with a $515 billion market cap at the time of writing. The asset’s 24-hour trading volume also rose by 5.4%, reaching $16.4 billion.  You might also like: China sentences former party official to life in prison for enabling crypto mining According to market intelligence platform Santiment, the Bitcoin whale activity has slightly declined. The number of whale transactions consisting of at least $100,000 and $1 million worth of BTC dropped from 9,372 and 1,337 to 6,760 and 1,314, respectively....

SHIB price surges post-upgrade despite facing resistance. Overbought signals hint at a possible SHIB pullback. Rising trading volume and RSI momentum suggest SHIB’s bullish potential. Shiba Inu (SHIB) market has enjoyed bullish momentum after Shibarium’s fourth upgrade on August 22, with bulls taking the upper hand. However, early in the day, bullish strength faded, resulting in a negative plunge to a 24-hour low of $0.000007744 before support reemerged. However, buyers battled back and wiped out the negative trend, sending the SHIB price soaring to an intraday high of $0.000008279 before encountering resistance. The bulls were still in charge of the Shiba Inu (SHIB) market at press time, resulting in a 3.60% gain from the 24-hour low to $0.000008222. A break over the $0.000008279 resistance level might establish SHIB’s next target at $0.0000085 while failing to do so could result in a retest of support at $0.0000078. SHIB’s m...

A whale recently sold 10,600 Ether worth $17.2 million. Even though the whale has an overall profit of $10.8 million on ETH , he suffered a $2.9 million loss on the latest transaction. Lookonchain pointed out that the whale’s success rate was 22%. Out of the 18 tokens traded, merely four fetched him positive ROIs. He lost nearly $5 million by trading two other tokens. A whale dumped 10,600 $ETH($17.2M) at a price of $1,622 7 hrs ago, with a loss of $2.9M. The whale traded a total of 18 tokens, and only 4 tokens were profitable, with a win rate of 22%. He currently has a profit of $10.8M on $ETH, but lost $3.6M on $PDT and $1.3M on $MPL. pic.twitter.com/GzPl8WyHx6 — Lookonchain (@lookonchain) August 23, 2023 When it comes to Ethereum, why is the whale selling instead of accumulating? Is he sensing a price dip? In this article, we will delve into the market conditions and analyze what to expect from ETH going forward. Also Read: Ethereum is Down 30% Against Bitco...

Bitcoin’s (BTC) price , was quite bearish today and was still below the $30,000 threshold at $26,014.3,  and down by around 0.02% since yesterday. Other well-known altcoins, Cardano (ADA), Polkadot (DOT), and Solana (SOL), also experienced losses on the other side of the border. advertisement Ethereum is trading at $1,634.6, with almost 1.71% decrease in the last 24 hours. Among other prominent cryptocurrencies, the XRP coin price observed a dip of 0.02%. Solana also faced a reduction, with its price plummeting by 2.18%. On the other hand, Polygon (MATIC), which traded on green lines a few days back, is up only by more than 0.01% since the last day.  Polkadot coin price saw a decrease of almost 0.57% in its price, in one day.  The realm of meme cryptocurrencies tells a different story. In the past 24 hours, Dogecoin’s price witnessed an increase of around 0.09%, while Shiba Inu’s token price is up by almost 3.65%, in the ...

Bullish SEI price prediction ranges from $0.2 to $20. Analysis suggests that the SEI price might reach above $0.2. The SEI bearish market price prediction for 2023 is $0.1420. What is SEI? Built upon a layer-1 blockchain architecture using the Cosmos SDK framework, the SEI network is tailored specifically for high-frequency trading applications. The Twin Turbo Consensus enables the network to process transactions at lower transaction costs and at industry-leading throughput. The company behind the SEI network, SEI Labs announced the launch of their mainnet on August 15, 2023, and just a day after that they registered SEI on multiple exchanges. Although many DExs suffer the exchange trilemma of maintaining scalability, decentralization, and capital  efficiency, SEI could maintain stability by leveraging the Cosmos SDK and Tendermint Core. Table of contents What is SEI? SEI Market Overview SEI Current Market Status SEI Price Analysis – Bolling...