NFTickets could potentially allow airlines and events to increase their revenue through resales on the secondary market.
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Pantera Capital's CEO suggests Blockchain growth will continue despite economic turmoil
The venture capitalist predicted blockchain would perform based on its own fundamentals, similar to Amazon and Apple.
Why is the crypto market down today?
Crypto prices keep falling, but why? This year’s market crash has turned most winning portfolios into net losers, and new investors are probably losing hope in Bitcoin (BTC).
Investors know that cryptocurrencies exhibit higher than average volatility, but this year’s drawdown has been extreme. After hitting a stratospheric all-time high at $69,400, Bitcoin price crumbled over the next 11 months to an unexpected yearly low at $17,600.
That’s a nearly 75% drawdown in value.
Ether (ETH), the largest altcoin by market capitalization, also saw an 82% correction as its price tumbled from $4,800 to $900 in seven months.
Years of historical data show that drawdowns in the 55%–85% range are the norm after parabolic bull market rallies, but the factors weighing on crypto prices today differ from those that triggered sell-offs in the past.
Why is the crypto market down today?
Crypto prices keep crashing, and it seems like there’s no bottom in sight. Here are three reasons why cryptocurrency prices keep falling.
Lawyers for Celsius investors file motion to have interests represented in court
The legal team requested the court appoint a committee representing certain shareholders or the case could end up "inappropriately and inequitably skewed in favor of the customers."
XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable?
XRP price posted a sharp rally against Bitcoin (BTC) on continued optimism about a potential settlement between Ripple, a San Francisco-based blockchain payment firm, and the U.S. Securities and Exchange Commission (SEC).
Settlement rumors fuel XRP price boom
On Sep. 23, the XRP/BTC pair surged to 0.00002877 — its best level in 13 months — from 0.00002132, a 35% price rally versus Bitcoin in one day. Meanwhile, the same timeframe saw XRP rising as much as 42% against the U.S. dollar.
XRP/BTC and XRP/USD daily price chart. Source: TradingViewThe big price leaps in the XRP market started appearing after Ripple and SEC filed motions for a summary judgment with the court on Sep. 12 regarding their ongoing legal battle over allegations that Ripple committed securities fraud.
In other words, Ripple and SEC agreed that the court should use available evidence to reach a verdict by December 2022 on whether the blockchain firm illegally raised funds by selling XRP, and thus avoiding trial.
XRP's price has boomed approximately 75% and 60% versus Bitcoin and the dollar, respectively, since Ripple's court filing, fueled by optimism of a possible win for Ripple.
XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable?
XRP price posted a sharp rally against Bitcoin (BTC) on continued optimism about a potential settlement between Ripple, a San Francisco-based blockchain payment firm, and the U.S. Securities and Exchange Commission (SEC).
Settlement rumors fuel XRP price boom
On Sept. 23, the XRP/BTC pair surged to 0.00002877 — its best level in 13 months — from 0.00002132, a 35% price rally versus Bitcoin in one day. Meanwhile, the same timeframe saw XRP rising as much as 42% against the U.S. dollar.
XRP/BTC and XRP/USD daily price chart. Source: TradingViewThe big price leaps in the XRP market started appearing after Ripple and SEC filed motions for a summary judgment with the court on Sept. 12 regarding their ongoing legal battle over allegations that Ripple hcommitted securities fraud.
In other words, Ripple and SEC agreed that the court should use the available evidence to reach a verdict on whether the blockchain firm illegally raised funds by selling XRP by December 2022, and thus avoid a trial.
XRP's price has boomed approximately 75% and 60% versus Bitcoin and the dollar, respectively, since Ripple's court filing, fueled by optimism of a possible win for Ripple.
XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable?
The XRP price rally appears to be driven by a "buy-the-rumor" frenzy in a potential lawsuit win for Ripple versus the SEC.
El Salvador's Bitcoin decision: Tracking adoption a year later
El Salvador made history last year in September by making BTC a legal tender. One year later, the falling BTC prices and delayed Volcanic bonds have fueled skepticism.
Post offices adopting NFTs leads to a philately renaissance
Nonfungible tokens are being used to reinvigorate post stamp collecting in Austria and the Netherlands.
Is the bottom in? Crypto community shares their thoughts
From waiting for Bitcoin prices to go lower to hoping that the fun goes on, community members shared their thoughts on crypto prices.
China accounts for 84% of all blockchain patent applications, but there's a catch
China’s push for blockchain technology gained steam after 2019 when President Xi Jinping called for corporations from tech giants to become industry leaders in the nascent tech.
IRS to summon users who don't report and pay tax on crypto transactions
The summons requires M.Y. Safra Bank to submit information about taxpayers who failed to report and pay their taxes on crypto.
GitHub unbans Tornado Cash repositories following OFAC guidance
Ethereum developer Preston Van Loon encouraged GitHub to fully restore Tornado Cash’s repositories after partial unbanning.
GitHub unbans Tornado Cash repositories following OFAC guidance
Ethereum developer Preston Van Loon encouraged GitHub to fully restore Tornado Cash’s repositories after partial unbanning.
BTC mining firm Compute North files for bankruptcy
Compute North’s hosting partners Compass Mining have stated that the firm will continue to operate business as usual at this stage.
Israeli crypto exchange receives capital markets license in country first
Earlier this week, the Israeli crypto exchange became the first crypto firm in the country to receive a license enabling it to work with local banks.
CTFC slammed for 'blatant regulation by enforcement' over Ooki DAO case
The CFTC’s actions have even been met with strong pushback from its own commissioner, while others have drawn comparisons to the SEC’s regulation by enforcement tactics.
CTFC slammed for 'blatant regulation by enforcement' over Ooki DAO case
The CFTC’s actions have even been met with strong pushback from its own commissioner, while others have drawn comparisons to the SEC’s regulation by enforcement tactics.
Rep. Warren Davidson: Stablecoin bill has 'outside chance' of finalizing this year
Earlier this week, new draft legislation on stablecoins came to light aimed at “endogenously collateralized stablecoins.”