Cryptocurrency

Garlinghouse was confident enough in Ripple’s position to suggest that the company is prepared to take the fight to the U.S. Supreme Court if necessary. He cited historical instances where regulators have been defeated in the country’s highest court, implying a strong precedent that could work in Ripple’s favor.In his discussion, Garlinghouse drew parallels between Ripple’s legal challenges and those faced by Grayscale, where a judicial opinion criticized the SEC for its conduct, describing it as “arbitrarily and capriciously.” This criticism adds to a growing chorus of voices calling for a revamp of how the U.S. approaches cryptocurrency regulation.The Ripple CEO also pointed out the stark contrast between America’s cautious approach to crypto policy and other nations’ ability to attract investment through clear and transparent regulations. He warned that the United States risks losing its potential dominance in the burgeoning crypto industry if it continues on its current regulatory path.Despite these challenges, Garlinghouse remains optimistic about the future of cryptocurrency regulation in the U.S. He believes that within ten years, regulatory reforms could significantly foster the growth of cryptocurrency, benefiting the industry and positioning the United States as a leader in this space.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

From comparing price points for Bitcoin (BTC) and Ether (ETH) in 2022 to sharing their Thanksgiving conversations about BTC, crypto users exchanged their musings on X (formerly Twitter) for the holiday.Continue Reading on Cointelegraph More

The ARK Next Generation Internet ETF (ARKW) sold 36,168 GBTC shares on Nov. 22, offloading a total of 697,768 GBTC since Oct. 23, according to ARK’s daily trading data seen by Cointelegraph.Continue Reading on Cointelegraph More

The move is part of Citycon’s broader efforts to enhance its liquidity and manage debt more effectively. In April 2023, the firm increased its credit facilities to €650 million with the goal of repurchasing bonds to mitigate the impact of rising interest rates on its earnings. This proactive financial management reflects the company’s commitment to maintaining a robust balance sheet amidst fluctuating market conditions.Additionally, in December 2022, Citycon embarked on a divestiture strategy, selling €120 million worth of non-core assets and engaging in negotiations for further sales amounting to €380 million. This strategy aligns with the company’s focus on prime assets located in urban areas across the Nordics and Baltics, particularly those adjacent to public transportation networks, which comprise a portfolio worth approximately €4.2 billion.CFO Bret McLeod expressed satisfaction with the favorable terms of the new green loan, noting its positive influence on the company’s balance sheet tactics. The strategic refinancing initiative underscores Citycon’s dedication to sustainability and prudent financial stewardship as it navigates the complexities of the real estate market.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

In contrast, Chainlink (LINK), supported by wallets holding LINK in a specific demand area, might exceed its annual high as it trades at $14.34 today. This follows a substantial accumulation by whales on October 17th that contributed to approximately a 125% price increase within roughly one month. Additionally, XRP is positioned to climb to between $0.65 and $0.66 after moving past the midpoint of a descending parallel channel; it is presently valued at $0.612.On another positive note, Skale Network (SKL), which provides Ethereum sidechain technology for scaling solutions, has seen its market cap triple since mid-August from $0.0194 to $0.0601 despite bearish bets from traders through short positions. Moreover, Ethereum (ETH) itself is showing bullish signs with increased address activity not matched by inflows to exchanges, as only 8.24% of its supply is held on exchanges, with ETH’s price standing at $2,013 today.These developments indicate a dynamic and uncertain market where investors are closely watching technical indicators and on-chain metrics to navigate the volatile landscape of cryptocurrency investments.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

Zhao has agreed to pay $150 million as part of his share in the settlement and was released on a $175 million recognizance bond. The legal resolution has led to significant leadership changes at Binance, with Richard Teng taking over as the new head of the exchange. Teng is now seeking to engage with the community on social media, despite having a significantly smaller follower base than Zhao’s 8.7 million.In a turn of events today, Zhao’s account on social media platform X was temporarily restricted after he changed his profile name to “CZ BNB.” He criticized the platform’s bot detection algorithm, which led to the suspension of his account, and tagged Elon Musk in his public critique following his resignation from Binance. Zhao humorously addressed the suspension on Binance Square and offered Thanksgiving greetings to his community.Despite these challenges, Binance remains a dominant player in the cryptocurrency market with a daily trade volume of $65 billion. Regulatory scrutiny continues as authorities like the SEC have condemned Zhao for allegedly diverting client funds to his companies, and the CFTC has accused both him and Binance of circumventing federal laws and unlawfully operating a digital asset derivatives exchange.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

To assess whether Ether can sustain its $2,000 price point, one must consider the repercussions of Binance’s recent regulatory challenges following its plea deal with the U.S. Department of Justice (DoJ).Continue Reading on Cointelegraph More

In the fourth hack affecting the HTX (formerly Huobi Global) ecosystem in just two months, the exchange lost $30 million via a hot wallet hack that occurred on Nov. 22. The amount was updated from original reports of $13.6M.Continue Reading on Cointelegraph More