Ripple Labs has pledged another $25 million to Fairshake, a political action committee (PAC) that supports candidates who promote cryptocurrency-friendly policies. This brings Ripple’s total contribution to Fairshake to $50 million, making it the PAC’s largest donor. Ripple’s Political Strategy Fairshake supports candidates from both major political parties who advocate for laws that encourage crypto…
Deaton’s Criticism of Gensler Prominent XRP attorney John Deaton has been outspoken in his criticism of SEC Chairman Gary Gensler’s regulatory approach. Deaton argues that Gensler’s actions against companies like Ripple, LBRY, and Coinbase have been harmful and antagonistic. He believes that the SEC’s relentless pursuit of Ripple executives has created a negative impact on…
Changing Perceptions Following the approval of Bitcoin spot ETFs, a survey by Grayscale reveals a significant shift in American voters’ attitudes towards cryptocurrencies. Bitcoin as a Future Investment Two-thirds of Bitcoin owners view it as an investment in blockchain technology’s future. Over 65% of voters consider Bitcoin a future investment, while 53% see it as…
Bitcoin Dominance Bitcoin remains the king of crypto, with over 50% of the market value. This dominance limits the growth potential for altcoins. Altcoin Season Index The Altcoin Season Index, which measures the outperformance of altcoins against Bitcoin, currently sits at 35. An index value of 75 indicates the start of an altcoin season. Ethereum’s…
Crypto whales have been snapping up Chiliz (CHZ), an Ethereum-based fan engagement token, sending its trading volume to its highest level in 22 months. Whale Activity According to analytics firm Santiment, whale addresses holding at least 10 million CHZ tokens have accumulated 42.67 million CHZ in the past month. This surge in whale activity has…
Rare Admission of Guilt JPMorgan Chase has admitted to failing to monitor billions of orders from traders and clients, a violation of regulations designed to detect market misconduct. The bank has agreed to pay a $100 million fine to the Commodity Futures Trading Commission (CFTC). Previous Fines This is not the first time JPMorgan has…
The London Stock Exchange (LSE), one of the world’s largest, has started trading exchange-traded notes (ETNs) for Bitcoin (BTC) and Ethereum (ETH). What are ETNs? ETNs are similar to exchange-traded funds (ETFs), but they are debt-carrying vehicles that track an index instead of being backed by underlying assets. Fully Backed ETPs Two of the approved…
Researchers from the European Union (EU) have identified a promising trend: the convergence of blockchain technology and artificial intelligence (AI). Benefits of the Blockchain-AI Combo According to the EU’s Blockchain Observatory and Forum (EUBOF), blockchain and AI can complement each other in several ways: Secure and Transparent Data for AI: Blockchain can safeguard AI data,…
Argentina’s interest in Bitcoin has been making headlines, but experts are saying to hold your horses. Milei’s Election and Crypto Curiosity When Javier Milei, a Bitcoin supporter, became president in late 2023, it sparked excitement about Argentina embracing the cryptocurrency. The government has made some small moves towards crypto, but it’s not a full-on adoption….
Medical device company Semler Scientific has made a bold move by investing $40 million in Bitcoin. Shifting Cash Reserves Semler Scientific has joined the ranks of companies like MicroStrategy by adding Bitcoin to its treasury reserves. Chairman Eric Semler believes Bitcoin is a reliable store of value and a hedge against inflation. Excess Cash Optimization…
