XRP surges after Ripple ‘victory,’ Trump Jr. crypto platform plans, and more: Hodler’s Digest, Aug. 4-10
XRP surged 26% after Ripple scores a ‘victory,’ Donald Trump Jr. reveals plans to launch crypto platform: Hodler’s Digest
Posts published on August 10, 2024 go to media archive 1/2
Cronos Surprises With 12% Uptick – Can Investors Sustain The Rally?
Cronos is currently riding the bullish wave, seeing significant gains despite the momentum of the general market slowing down. According to Coingecko, the token is up more than 12% since last week, going against the grain of the general market…
Jamie Dimon Says US Recession Still on the Horizon as JPMorgan Increases Forecast
JPMorgan Chase CEO Jamie Dimon reiterated his belief that a recession remains the most likely outcome for the U.S. economy. Dimon pointed to various uncertainties such as geopolitics, housing, and spending. Meanwhile, JPMorgan has raised the…
Putin Signs Law to Regulate Crypto Mining in Russia
Russian President Vladimir Putin has enacted legislation to formally regulate the cryptocurrency mining sector in Russia, with the law set to take effect in November. This legislation establishes a regulated framework for mining operations…
Solana: Consolidation Phase Starts As Token Movement Plateaus
After the market’s astonishing recovery, Solana (SOL) has entered another consolidation phase leading to lower volatility which gives the bulls much-needed rest after capturing huge gains. According to Coingecko, the token is down a measly 2% in…
Peru Issues VASP Regulation, Strengthens AML/TF Requirements
The Superintendence of Banking and Insurance (SBS) of Peru, has issued a resolution that forces VASPs to implement Know Your Customer (KYC) and anti-money laundering (AML) measures as part of a compliance plan. The resolution is in line with FATF…
IBM’s new ‘Lightweight Engine’ could be a game changer for fintech
JP Morgan just rolled out ChatGPT to 60,000 employees, demonstrating the demand for generative AI in the financial services sector.
Economist Art Laffer Slams US Economic Policies, Warns of Dollar’s Decline as Global Reserve Currency
Economist Art Laffer, known for his work on supply-side economics, has expressed concerns over the future of the U.S. dollar in a recent interview. Laffer argues that current U.S. economic policies are leading to the dollar’s decline, making…
Cardano Eyes $0.3389: Can Bulls Sustain ADA Above This Critical Level?
Cardano (ADA) is approaching a critical juncture as it eyes a retest of the key $0.3389 support level. In recent trading sessions, ADA‘s price has previously risen above this level and is currently dropping for a second retest thereby raising…
Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff
The assets in question were evidently given to Tether as collateral.
IRS Unveils Overhauled Crypto Tax Form With No Address Disclosure Requirements
The U.S. Internal Revenue Service (IRS) has unveiled an updated Form 1099-DA for reporting digital asset transactions, introducing key changes that may address past criticism and privacy issues. This new version, reportedly set to be partially…
Bitcoin Set For Critical Price Resistance Encounter – Analyst
The price of Bitcoin has continued to maintain an impressive recovery trajectory following an earlier dip in the week, which saw the asset trade below the $50,000 price mark. The crypto market leader was greatly affected by a widespread decline in…
Spot Bitcoin and Ethereum ETFs Shed Millions in Friday Trading
During Friday’s trading sessions, U.S. spot bitcoin and ethereum exchange-traded funds (ETFs) experienced significant outflows, with $89.73 million exiting the BTC ETFs and $15.71 million flowing out of the ETH ETFs. Bitcoin and Ethereum…
Apple used Google’s chips to train its AI — where does that leave Nvidia?
Nvidia’s shrinking market cap could signal a shift in the generative AI developer’s market.
XRP Price Enters Wave 3, Crypto Analyst Puts Top At $36.76
Crypto analyst Dark Defender provided an in-depth analysis of XRP price action using the Elliot Wave Theory. In his analysis, the analyst revealed what to expect from the crypto token and where its price is eventually headed. XRP Could Rise To As…
Over a Dozen 11-Year-Old Bitcoin Wallets Awaken, Transferring Millions
In recent days, as bitcoin edged past the $60,000 mark after dipping below $50,000 on Monday, Aug. 5, a couple of intriguing dormant bitcoin transfers have surfaced from wallets established in 2013. The first case involved an individual who moved…
Wazirx to Reverse All Trades Made After Withdrawal Freeze
Indian crypto exchange Wazirx has decided to reverse all trades made after withdrawals were halted following the recent cyberattack. The exchange announced that this process will take place over the next few days, with all users’ portfolio…
Ethereum Open Interest Drops 40% In August – What’s Happening?
Several large-cap assets, including Bitcoin and Ethereum, struggled to make a mark in the past week, as the general market suffered a steep downturn in prices. According to various analyses, the market was negatively impacted by some recent macro…
QCP Capital: Bitcoin Bounces Back Above $60K as Ethereum Struggles
QCP Capital reports that bitcoin (BTC) has shown a strong recovery this week, stabilizing above the $60,000 range after a sharp drop below $50,000 on Monday. In contrast, the firm highlights a significant liquidity shift in ethereum (ETH), raising…
Nigerian activist receives local support in legal fight to use crypto
This lawsuit comes amid the Nigerian government’s increasingly hostile stance toward cryptocurrencies.
NFT Sales Hit $95.42M With Ethereum Dominating, but Market Participation Shrinks
Between Aug. 3 and Aug. 10, 2024, non-fungible token (NFT) sales experienced a 6.29% increase from the previous week, hitting a total of $95.42 million. However, the number of participants in the NFT market saw a sharp decline, with buyers dropping…
XRP Market Cap Explodes By 23% In A Day As Whale Appetite Soars
The show’s star today is XRP as in the last 24 hours its market value has risen by 23%. The crypto space is buzzing as we speak, and this makes altcoin owners so upbeat. XRP Shows The Way XRP is exploding in price given how it controls the…
Online Gaming Veteran: Top Tech, Strong Marketing Key to Web3 Growth and Adoption
While the biggest blockchain bridge hacks have centered on private key mismanagement, according to Joshua Tobkin, CEO of Supra, smart contract errors and cryptography implementation issues also contribute to cybercriminals’ success. Tobkin…
Harris campaign’s crypto ‘reset’ questioned amid Fed crackdown
Critics argue that the US Federal Reserve’s actions are a significant overreach and could stifle innovation in the cryptocurrency sector.
Is Bitcoin Headed For A Rally Or Ruin? This Key Price Point Could Decide
Although Bitcoin has seen a noticeable rebound following its negative price performance on the red Monday witnessed this week, the asset now appears to be at a critical juncture, according to prominent crypto analyst Benjamin Cowen. Cowen…
Gemini urges CFTC to withdraw proposed rule on event contracts
Gemini co-founder Cameron Winklevoss believes that cryptocurrency prediction platforms offer a level of integrity that other platforms can’t match.
SEC and Ideanomics settle crypto revenue reporting fraud charges
According to the report, all parties involved have agreed to settle the charges without admitting or denying the SEC’s findings
Crypto Scam? PolitiFi Token RTR Plummets 95% After Trump Family Denies Link
This week, a new PolitFi token made the headlines amid the crypto market recovery. Restore The Republic (RTR) caught the attention of investors after rumors of being linked to the Trump family surged. The Trump-themed token saw a massive surge…
Grayscale Forecasts Bitcoin To Retest All-Time Highs By 2024 End If US Avoids Recession
The Bitcoin market experienced a major downturn earlier this week attributed to concerns regarding the US economic outlook and increased volatility in the broader financial markets. Notably, Ethereum’s performance lagged, potentially…