Court denies Kraken’s motion to dismiss SEC lawsuit
The SEC alleges Kraken is operating an unregistered securities exchange.
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Ray Dalio believes nations will outlaw Bitcoin if BTC price keeps rising
Ray Dalio, the billionaire hedge fund legend, doesn’t see digital currencies like Bitcoin (BTC) succeeding the way other people do. He expects authorities to clamp down on cryptocurrencies when they see “material” growth.The daily chart of Bitcoin dating back to Jan. 1, 2020. Source: TradingViewMeanwhile, BTC has hugely outperformed Bridgewater year-to-date. Barry Silbert, CEO of…
US House Democratic coalition creates AI working group
Representative Derek Kilmer will chair the Artificial Intelligence Working Group, which is aimed at introducing “sensible, bipartisan” policies for AI technology. 95 Total views 23 Total shares Democrats from the United States House of Representatives have formed a working group on artificial intelligence aimed at introducing new legislation around the nascent tech sector. The 97-member…
Abra settles with SEC over unregistered securities charges
The SEC announced securities charges against the lending platform over its Abra Earn service but also said the firm had settled with pending civil penalties and an injunction.
Uphold exchange denies owing millions to failed crypto lender Cred
Crypto exchange Uphold has denied owing around $784 million to the liquidation trust of bankrupt crypto investment platform Cred.At a court hearing on Jan. 11, Uphold filed a motion to dismiss all counts in the suit served against the firm by Cred in June 2022.Cred was a crypto lending service that filed chapter 11 bankruptcy…
Is the time right for $50K BTC? 5 things to watch in Bitcoin this week
Bitcoin (BTC) is keeping everyone guessing this week as another Monday starts below $50,000.After rangebound movements over the weekend, bulls are still waiting for a decisive attack on the $50,000 mark — could it happen now?Despite optimism from analysts, it seems that not even an “uber dovish” Federal Reserve has the fuel to push BTC/USD…
USDT market share jumps amid economic uncertainty, USDC shrinks
Over the past year, Circle's USD Coin has seen its market share decline from 34.88% to 23.05%. Tether's USDT shows a contrasting picture. 324 Total views 17 Total shares The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a…
Ripple’s Garlinghouse disses Bitcoin’s energy use in advance of Biden administration
With Joe Biden being declared the next President of the United States, Ripple CEO Brad Garlinghouse is making sure his company’s messaging aligns with the new administration. 1138 Total views 10 Total shares Ripple CEO Brad Garlinghouse thinks corporations converting cash to Bitcoin (BTC) could be making a costly mistake as a more environmentally-conscious Biden…
What is market depth in crypto?
Understanding market depth helps traders gauge a particular cryptocurrency’s liquidity and potential price movements.