Galaxy Digital’s founder Mike Novogratz shared what an ideal investment portfolio would look like for a young and high-risk tolerance investor during an interview with Bloomberg Wealth, saying that he’d invest in the Chinese giant Alibaba, silver, gold, Bitcoin (BTC), and Ethereum (ETH). “If they were young and had a high-risk tolerance, I’d be buying
Month: July 2023
Pro-XRP lawyer, John E. Deaton, has said that the actions taken by the Securities and Exchange Commission (SEC) against the crypto industry are driven by a broader motive to safeguard corporate capitalism rather than prioritizing the protection of investors. Deaton highlighted what he views as an assault on cryptocurrencies, particularly in relation to the SEC’s
Bitcoin (BTC) further reduced volatility ahead of the July 30 weekly close as traders eyed an exciting long-term bull signal. BTC/USD 1-hour chart. Source: TradingView BTC price makes weekend “slower than ever” Data from Cointelegraph Markets Pro and TradingView followed sideways BTC price action over the weekend, with BTC/USD sticking in a tiny $150 range.
Litecoin price is up 10% this week, and more than 40% since its big brother Bitcoin began soaring amid the banking crisis. This could be barely a glimmer of what’s to come, according to a potential Elliott Wave Principle chart pattern called an expanding ending diagonal. Keep reading to learn all about this pattern, why
The recent flood of scam tweets on pro-XRP lawyer Jeremy Hogan’s hacked account has finally dried up after nearly four days. Since July 24, the XRP community has been diligently warning others and tagging Twitter’s support after they noticed Hogan’s account tweeting malicious links for a purported XRP (XRP) giveaway. As of 1 am on
Brian Korn, a partner at Manatt, Phelps & Phillips LLP, a Los Angeles-based law firm of more than 450 attorneys, has introduced a thought-provoking argument regarding the legal battle between SEC v. Ripple that could have far-reaching consequences for the broader crypto industry’s secondary market. The ruling, which was rendered on July 13, carried some
In a letter to Judge Lewis Kaplan, the United States Department of Justice (DOJ) sought the revocation of Sam Bankman-Fried’s (SBF) bail, accusing him of attempting to tamper with witnesses, including leaking his ex-girlfriend’s diary entries to the New York Times (NYT). These actions, connected to the FTX case, have raised concerns about witness interference.
The Kyrgyz Republic, a central Asian state bordering China, is reportedly growing its cryptocurrency mining powers with support of the local government. Kyrgyz President Sadyr Japarov has given a nod to building a crypto mining farm at a hydroelectric power plant, Kyrgyzstan’s national news agency Kabar reported on July 27. The government of Kyrgyzstan plans
Litecoin price is gaining pace above the $100 zone against the US Dollar. LTC could rise further if there is a clear move above the $105 resistance zone. Litecoin started a fresh increase above the $98 zone against the US Dollar. The price is now trading above $98 and the 100 simple moving average (4
The price of Worldcoin (WLD) has stabilized after a volatile debut across mainstream cryptocurrency exchanges. On July 29, the WLD price rose nearly 6% to $2.35. Still, the token was down 70% from its market debut peak of $7.50. It now appears stuck inside the $2–2.50 trading range, hinting at a growing bias conflict in the
The U.S. Securities and Exchange Commission (SEC) suffered another setback on July 28 as the D.C. Circuit overturned a ruling by the regulator ordering that SPIKES Index securities should be treated as ‘futures’ rather than as ‘securities futures’. The judge panel called the SEC order “arbitrary and capricious.” The decision relates to an order from
The 25 basis point rate hike by the Federal Reserve on July 26 and the subsequent commentary by Fed Chair Jerome Powell failed to catapult Bitcoin (BTC) out of its range. This suggests that the event did not have any surprises and the outcome was already priced in by the markets. The crypto markets continued
Top Stories This Week Crypto bills pass congressional committee in ‘huge win’ for US crypto A key United States House panel has approved a pair of bills that could finally deliver some regulatory clarity to crypto firms in the country. On July 26, lawmakers voted in favor of the Financial Innovation and Technology for the
United States Representatives Gus Bilirakis and Jan Schakowsky penned a formal letter to Apple CEO Tim Cook about concerns related to the California-based company’s App Store, and the potential effect of its guidelines on emerging technologies like blockchain and nonfungible tokens (NFTs). The letter requests information about whether the App Store’s guidelines might inadvertently hinder
Bitcoin (BTC) returned to exchanges en masse on July 27 in a sign that “major volatility” could come next. According to data from on-chain analytics firm Glassnode, intraday BTC exchange inflows have hit multi-month highs. Trader warns of BTC price volatility “spike” BTC price action continues to linger below $30,000, and traders have consistently warned
Litecoin price is attempting a recovery wave from $75 against the US Dollar. LTC could struggle to clear $82 or $85 and might start another decline. Litecoin is slowly moving higher and correcting toward $82 against the US Dollar. The price is now trading above $85 and the 100 simple moving average (4 hours). There
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