The SEC appeal has thrown a wrench in XRP price prediction. XRP bled 9%, and investors were left with nothing but utter unease. But as Ripple struggles with its unending legal battle with SEC, the crypto market keeps marching on, and analysts have identified two altcoins with top performing crypto: Rollblock and Render. RENDER’s decentralized…
Homepage > News > Business > This Week in AI: OpenAI projects $44B losses; Meta AI expands A recent report from The Information took a look at OpenAI’s financial projections, revealing that the company isn’t expected to be profitable until 2029 when it’s expected to generate $100 billion in revenue. Until then, OpenAI anticipates steep…
Ripple Labs has taken its legal battle with the US Securities and Exchange Commission (SEC) to the next level by submitting a cross-appeal on October 10. This follows the SEC’s own appeal, which was filed earlier on October 2. The SEC’s appeal challenges a court ruling that XRP XRP $0.5375 is not classified as a security when sold on…
Polymarket’s U.S. Election Predictions Unreliable Due to Right-Leaning Bias, Analyst Says In a critical assessment of Polymarket’s U.S. election predictions, WhaleWire analyst Jacob King has raised concerns about the platform’s reliability, attributing its skewed forecasts to a right-leaning bias among its user base. King shared his insights on X (formerly Twitter), highlighting that Polymarket’s favorable…
MicroStrategy aims to become the world’s leading Bitcoin bank, holding 252,220 BTC. The company invests borrowed funds in Bitcoin, expecting 29% annual returns. Saylor’s goal is to grow MicroStrategy into a trillion-dollar bitcoin-driven entity. Michael Saylor, founder and executive chairman of MicroStrategy, in an interview with analysts at research and brokerage firm Bernstein outlined a…
Texas regulators have issued an emergency cease-and-desist order against two individuals accused of promoting a fraudulent cryptocurrency investment scheme. The alleged scheme, tied to Trage Technologies, promised high returns on digital asset arbitrage trading but is accused of misleading investors. Authorities claim the company falsely asserted SEC registration and used illegal multilevel marketing tactics, posing…
A Nigerian court has denied a bail application for Tigran Gambaryan, an executive at Binance Holdings Ltd, citing his trial on money laundering and currency manipulation allegations. The court ruled today (Friday) that Gambaryan’s health condition did not justify his release. Justice Emeka Nwite of the Federal High Court in Abuja noted that illness alone…
Crypto analyst Dima James has predicted an explosive rice rally for the Dogecoin price. Interestingly, the analyst raised the possibility of a price surge to as high as $10 and provided an analysis to show why it is possible. Can The Dogecoin Price Reach $10 Dima James suggested in an X post that the Dogecoin…
Homepage > News > Business > DoJ, SEC charge ‘crypto’ market makers with market manipulation A handful of ‘crypto’ market makers (MMs) have been charged with market manipulation and fraud for artificially inflating the fiat price of a handful of memecoins but also—gasp!—the mighty BTC. On October 9, the U.S. Attorney’s Office for the District…
BitDegree, a leading Web3 educator, is taking a closer look at spot trading on the Binance $3.08B crypto exchange with its latest Mission, offering an engaging way to learn with an opportunity to win prizes. As part of the Mission, participants have the chance to enter a Lucky Draw, where 20 winners will share a prize pool…