Ripple CEO claims ETH is above XRP due to SEC

Ripple CEO claims ETH is above XRP due to SEC

Ripple CEO Brad Garlinghouse has said that Ether (ETH) overtook the company’s XRP token by market capitalisation because of the US Securities and Exchanges Commission (SEC). According to Garlinghouse, the US regulator’s approach towards ETH largely encouraged investors, giving it a free pass that enabled the smart contract platform’s native token to overtake XRP in …

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Greenidge Generation Holdings to Expand Into Texas, Acquire South Carolina Site

Greenidge Generation Holdings to Expand Into Texas, Acquire South Carolina Site

Bitcoin mining company Greenidge Generation is eyeing expansion into Texas and buying a site in South Carolina. The Nasdaq-listed firm (NASDAQ: GREE) announced Thursday it is entering into an agreement regarding potentially constructing new data centers in Texas. It also agreed to acquire printing company LSC Communications’ facility in South Carolina. It had originally thought …

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Kazakhstan to Limit Power for Crypto Mining to 100 MW Nationwide

Kazakhstan to Limit Power for Crypto Mining to 100 MW Nationwide

Visit the original article* https://www.coindesk.com/resizer/ZQZQHY667LnmpFILvoy8tMUkPAE=/cloudfront-us-east-1.images.arcpublishing.com/coindesk/VJTPUZL3VJERBEVJI2AJE3BPXM.jpg Kazakhstan’s Ministry of Energy plans to limit the electricity consumption of the the nation’s crypto-mining industry to a total of 100 megawatts as it looks to curb power shortages. All newly authorized plants will be limited to using just 1 MW over two years, according to an Oct. 1 draft …

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Crypto-to-fiat liquidity startup Xanpool raises $27M

Crypto-to-fiat liquidity startup Xanpool raises $27M

Cryptocurrency-to-fiat infrastructure provider Xanpool continues expanding operations in the Asia Pacific (APAC) by securing fresh funding. The Hong Kong-based startup raised $27 million in a Series A funding round led by Valar Ventures, the venture capital firm co-founded by PayPal co-creator Peter Thiel. Other participating investors included crypto-focused venture capital firm CMT Digital as well …

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India

Indian Securities Regulator Bars Financial Advisors From Advising on Crypto

The Securities and Exchange Board of India (SEBI) has issued a circular addressed to investment financial advisors in the country, barring them from offering any financial advice on cryptocurrencies and similar unregulated markets. SEBI in its circular noted that investment advisors have been found involved in unregulated activity by advising clients on crypto market investment. …

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Polygon avoids losses worth $850M; pays out $2M for disclosing vulnerability

Polygon avoids losses worth $850M; pays out $2M for disclosing vulnerability

A Whitehat hacker recently disclosed a critical vulnerability on Polygon, one that could have resulted in losses to the tune of $850 million. However, the Polygon team was quick to assure the community that no user funds were lost due to the exploit. In fact, in return for “responsibly disclosing the bug,” Polygon revealed that …

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TABOO Set to Launch First-Ever NFT Collectibles for Supermodels

TA: Ethereum Dips Turn Attractive, Key Indicators Point Fresh Increase

Visit the original article* https://www.newsbtc.com/wp-content/uploads/2021/04/shutterstock_1476715112-460×307.jpg Ethereum extended its increase above the $4,200 resistance against the US Dollar. ETH corrected gains, but it is well supported above the $4,000 pivot level. Ethereum started a fresh increase above the $4,000 and $4,200 resistance levels. The price is now trading above $4,100 and the 100 hourly simple moving …

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Bitcoin

Bitcoin Retreats Lower, Why There Is Risk of Sharp Decline

Bitcoin price traded to a new all-time high above $66,800 before correcting lower against the US Dollar. BTC traded below $63,000 and it remains at a risk of more downsides. Bitcoin rallied above the $65,000 and $66,000 resistance levels before correcting lower. The price is now trading below $63,000 and the 100 hourly simple moving …

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The Bitcoin Price Could Be Headed Toward Six Figures

The Bitcoin Price Could Be Headed Toward Six Figures

Visit the original article* https://bitcoinmagazine.com/.image/c_fit,cs_srgb,q_auto:good,w_620/MTg0NzIwNzQxOTczOTYwMTY3/bitcoin-returns-after-drawdow-recovery.png The bitcoin price is rebounding from a 56% price drawdown, post a 228% recovery. Historically what comes next is yet another massive recovery The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other …

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This Is Why Bitcoin Flash Crashed By 87% To $8,000 On Binance.US

This Is Why Bitcoin Flash Crashed By 87% To $8,000 On Binance.US

Earlier today, the bitcoin price temporarily dove from $65,820 to a meager $8K on Binance.US, losing some mind-boggling 87% in value before making up those losses in the span of a single minute. Bitcoin Flash Crashes To $8K On Binance.US Bitcoin endured a violent correction on Thursday, but only for Binance’s exclusive United States cryptocurrency …

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