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The Securities and ExchangeCommission (SEC) filed a lawsuit against the Ripple Labs organization in December 2020, throwing a spanner in its growth plans. crypto exchanges had frozen their clients' Ripple balances and halted trading of the token. Soon, all the U.S. But the bumps have evened out over time.
Its purpose is to move money across international borders with low fees, fast transactions, and unbreakable security. They also tend to come with unfavorable exchange rates, keeping more money in the payment processors' pockets. The courts have sided with Ripple, and the SEC might not file an appeal of that verdict.
Securities and ExchangeCommission (SEC) launched a lawsuit against Ripple Labs and some of its top executives in December 2020. billion of cash investments by creating a new security, which wasn't registered with the SEC as you would a new stock, bond, or convertible debt papers. billion today.
The bulls had originally expected XRP to gain more traction as more companies routed their gross payments, remittances, and foreign exchange transactions through Ripple's blockchain. Ripple claimed its ledger could provide its customers with secure, instant, and "nearly free global financial transactions of any size with no chargebacks."
Securities and ExchangeCommission (SEC) lawsuit over the past four years. It says its blockchain can process real-time gross payments, remittance transfers, and currency exchange transactions at a faster rate with much lower fees. XRP's price jumped earlier this month after Ripple finally settled its SEC lawsuit.
SEC settlement The one catalyst that seems most likely is some form of settlement with the Securities and ExchangeCommission (SEC) this year in an ongoing lawsuit involving Ripple , the company behind the XRP crypto token. The SEC is adamant that XRP is a security, not a cryptocurrency.
The differences between XRP and other cryptocurrencies XRP is the native cryptocurrency of Ripple, a blockchain ledger which is used as a cheaper, faster, and more secure alternative to the widely used SWIFT (Society for Worldwide Interbank Financial Telecommunication) protocol for money transfers. To make matters worse, the U.S.
The crypto market experienced an avalanche this week, as the Securities and ExchangeCommission's (SEC) long-running lawsuit against Ripple (CRYPTO: XRP) finally reached an end. How did the SEC's lawsuit against Ripple Labs work out? District Judge Analisa Torres issued a ruling firmly in Ripple's favor.
Many cryptocurrencies plunged in 2022 as rising rates, the collapses of high-profile exchanges and tokens, and regulatory threats drove investors toward safer investments. Securities and ExchangeCommission (SEC) approved the first 11 spot price exchange-traded funds ( ETFs ) for Bitcoin this January.
Solana (CRYPTO: SOL) has taken investors on a wild ride since its first block was created on March 16, 2020. Securities and ExchangeCommission (SEC) recently cleared the way for the first spot price Ether ETFs to file their public listings. The cryptocurrency launched at $0.95 Image source: Getty Images.
trillion was sent by corporations across borders in 2020, according to consulting firm Oliver Wyman. A major red flag is Ripple's ongoing battle with the Securities and ExchangeCommission (SEC). The SEC is seeking $2 billion in penalties and fines from Ripple. The market for this is truly huge, as $23.5
Consider what happened during the previous altcoin season, which lined up nicely with the start of the previous Bitcoin halving cycle in May 2020. The approval of spot Ethereum ETFs The other big factor would be SEC approval of new spot Ethereum exchange-traded funds (ETFs) similar to the new spot Bitcoin ETFs.
That entire process makes it similar to a digital version of precious metal, so it's the only cryptocurrency that can be officially classified as a commodity instead of a security by the U.S. Securities and ExchangeCommission ( SEC ). Besides energy efficiency, PoS tokens have two key advantages over PoW tokens.
The SEC vs. Ripple story so far Let's start with a quick synopsis. The Securities and ExchangeCommission (SEC) launched a lawsuit against Ripple Labs and a few key executive (including CEO Brad Garlinghouse) in December 2020. Image source: Getty Images.
For the past few years, Ripple has been dealing with back-and-forth with the Securities and ExchangeCommission (SEC), which first sued Ripple in December 2020, claiming XRP should be regulated as a security. It also means that XRP can only be traded on regulated exchanges.
Arguably, it was not until 2020, when blockchain upstart Solana (CRYPTO: SOL) appeared, that Ethereum saw its first legitimate rival. The SEC and regulatory risk Finally, there's the pesky little matter of the Securities and ExchangeCommission (SEC). And, as such, it had an incredible first-mover advantage.
Securities and ExchangeCommission (SEC) since December 2020, this token disconnected from broader price trends in the crypto market for a while, but is back to mirroring the price changes of Bitcoin (CRYPTO: BTC) rather closely in the long term. Next, Bitcoin halved its rewards again on May 11, 2020.
Reliance on a single catalyst XRP is reliant on a single catalyst right now: resolution of its long-running court case with the Securities and ExchangeCommission (SEC). But then, when the SEC announced that it might appeal the ruling, XRP promptly gave back all of its gains within a month. If not XRP, then what?
But then came a long, bitter, and confusing court battle with the Securities and ExchangeCommission (SEC) that started in December 2020, and it's been downhill ever since. The SEC was looking for more than $2 billion in fines and penalties, so XRP investors have been spinning this as a victory for Ripple.
The Securities and ExchangeCommission (SEC) sued the Ripple Labs organization just before the holidays in 2020, arguing that Ripple and its leaders made $1.3 billion by offering an unregistered digital security. If the legal outcome is unfavorable, it would almost certainly damage Ripple's price.
Securities and ExchangeCommission announced that it charged BlackRock – the largest money manager in the world, with nearly $10 trillion in assets – for failing to properly disclose to its customers $75 million of investments it made in the entertainment industry. The story itself is fit for a Hollywood blockbuster.
Now that the initial euphoria around the new spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) has started to fade, it's time to move on to the next major catalyst for Bitcoin : the halving event in April. So it didn't come as much of a surprise when the SEC finally approved the spot Bitcoin ETFs on Jan.
Shares of Serve Robotics (NASDAQ: SERV) , an autonomous sidewalk delivery company, soared 187% on Friday after artificial intelligence (AI) chip leader Nvidia disclosed via a filing with the Securities and ExchangeCommission (SEC) that it owns a 10% stake in the relatively new public company. million shares outstanding.
Meet an exchange-traded fund (ETF) that is heavily invested in Nvidia and -- believe it or not -- offers an ultra-high yield of 8%. JPMorgan Chase launched the fund in May 2020 to give investors monthly distributions, exposure to equity markets, and relatively low volatility. Actually, yes. Image source: Getty Images.
Dogecoin was launched as a parody of Bitcoin (CRYPTO: BTC) in 2013, and Shiba Inu was created to poke fun at Dogecoin in 2020. Its blockchain also hosts ShibaDEX, a cross-chain decentralized exchange (DEX) which acts as an official cryptocurrency wallet for its own tokens. Second, the U.S.
Securities and ExchangeCommission (SEC) recently approved the initial filings for the first spot price Ether ETFs. In 2022, it launched ShibaDEX, a cross-chain decentralized exchange (DEX) which served as an official crypto wallet for its own tokens. Its price soared to an all-time high of $0.000086 on Oct.
Due to its blazing fast speeds and lower transaction costs, Solana has been considered a potential "Ethereum killer" ever since it launched back in 2020. But the bigger story seems to be the hype over a spot Ethereum exchange-traded fund (ETF). And, yes, Solana had a major network outage in February that rattled investors.
The elephant in the courtroom Above all else, Ripple investors keep a close eye on the lawsuit launched by the Securities and ExchangeCommission (SEC) three years ago. The final verdict of the SEC lawsuit will be game-changing. Is the token more properly known as XRP setting up for a rocket launch?
Moreover, the approvals of the first spot price exchange-traded funds (ETFs) for Bitcoin and Ether , Ripple 's victory against the U.S. Securities and ExchangeCommission (SEC), and Bitcoin's halving in April all brought more bulls back to this segment of the market. AST has a market cap of $5.2
Tom Lee, managing partner and Head of Research at Fundstrat Global Advisors, believes the combination of recently approved spot Bitcoin exchange-traded funds (ETFs), the recent halving of Bitcoin block subsidies, and the eventual easing of monetary policy (lower interest rates) could push Bitcoin to $150,000 by 2025 and $500,000 by 2029.
The first spot Bitcoin ETF The first major event is the arrival of a spot Bitcoin exchange-traded fund (ETF) for the U.S. The good news is that Securities and ExchangeCommission (SEC) approval of the first spot Bitcoin ETF could come as soon as Jan. The future of your investment portfolio could depend on it.
Every quarter, institutional money managers with at least $100 million invested in the markets are required to file a form 13F with the Securities and ExchangeCommission (SEC). With such an enormous portfolio, this particular exchange-traded fund only comprises about 0.30% of the entire Citadel fund.
His company is one of the world's largest holders of Bitcoin, thanks to a Bitcoin accumulation strategy launched back in August 2020. For one, the SEC might decide that it will never approve a spot Bitcoin ETF. 30, MicroStrategy held 174,530 Bitcoins acquired at an average price of $30,252. What could possibly go wrong?
With that in mind, Chhugani and Kendrick believe two catalysts will turbocharge Bitcoin demand in the coming months: the recent approval of spot Bitcoin exchange-traded funds (ETFs) and the halving event next month. They offer direct exposure to Bitcoin without the hassle of cryptocurrency exchanges and blockchain wallets.
Recently filed Forms 13F show that two high-profile hedge fund managers sold shares of Nvidia during the second quarter while reallocating capital to the iShares Bitcoin Trust (NASDAQ: IBIT) , an exchange-traded fund (ETF) that tracks Bitcoin (CRYPTO: BTC). stock exchanges. David Shaw at D.E. Shaw sold 12.1 Meanwhile, he bought 2.4
Today, however, XRP is trading for under $1 and is still mired in an ongoing lawsuit with the Securities and ExchangeCommission (SEC). To some extent, I'm chalking it up to the Bitcoin exchange-traded fund (ETF) hype. Unlike XRP, it doesn't have an SEC case hanging over its head.
From fiscal 2020 to fiscal 2024 (which ended in June 2024), Supermicro's revenue grew at a compound annual growth rate (CAGR) of 45% as its adjusted earnings per share ( EPS ) rose at a CAGR of 68%. in fiscal 2020 to 14.2% Securities and ExchangeCommission (SEC). in fiscal 2024.
The SEC ordered the company to pay a $17.5 million fine for "improper accounting" back in 2020. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The review remains ongoing.
But Bitcoin (CRYPTO: BTC) brought the cryptocurrency market roaring back to life in recent months as two potential tailwinds caught investors' attention: the pending approval of spot Bitcoin exchange-traded funds (ETFs) and the reduction in Bitcoin mining rewards later this year. The first catalyst has already come to fruition.
The analysts recently revised their year-end price target to $90,000, up from $80,000, due to the tremendous demand for spot Bitcoin exchanged-traded funds (ETFs) and the impact of the halving event anticipated next month. In other words, they make it much easier for retail and institutional investors to add Bitcoin to their portfolios.
Metric 2020 2021 2022 2023 (Forecast) Revenue $4 million $150 million $118 million $365 million Net Income (Loss) ($10 million) ($36 million) ($687 million) $24 million Data source: Marathon Digital. That decline coincided with soaring energy prices, and its net loss widened by 19x in 2022.
Data shows that the number of tokens available on exchanges increased until March 2020 (Bitcoin's last halving), peaking at nearly 3.2 Some of Wall Street's biggest names, including BlackRock , Fidelity, and Franklin Templeton , are awaiting approval to sponsor spot Bitcoin exchange-traded funds (ETFs). million coins.
Well-known short seller Hindenburg Research released a report in late August alleging account malpractice at Supermicro, something the Securities and ExchangeCommission already fined Supermicro $17.5 million for in 2020. However, I only let it take up around 1% of my portfolio, as there's a lot of risk involved.
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