LBANK INFO CRYPTOCURRENCY

Ripple advocate, John Deaton has gone all in, placing a substantial bet on XRP’s value by flooding his crypto holdings with XRP tokens. This is despite the significant risks associated with the cryptocurrency due to its legal battle with the US SEC.  Deaton Pumps Crypto Portfolio With XRP Pro XRP Lawyer, John E. Deaton has stated in an X (formerly Twitter) post that he presently holds more XRP tokens than Ethereum in his crypto portfolio. The XRP advocate has decided to focus the majority of his holdings on Bitcoin (BTC), Ripple (XRP) , and Ethereum (ETH) , with Bitcoin being his most substantial investment among the three.    “To people’s surprise, back then, I owned 10X more in BTC than XRP and 3-4X more in ETH than XRP. Today, I still own more in BTC than XRP but now I own significantly more in XRP than I do ETH,” Deaton stated. Deaton said that he has been an active supporter of XRP in the legal battle between the cryptocurrency and the United States Secur...

Shiba Inu Layer 2 network Shibarium , which is built atop the Ethereum blockchain, was launched a few months ago to much anticipation. However, there have been a lot of fluctuations in the performance of the Layer 2 network which could have an adverse effect on the SHIB price . New Blocks Created Crashes The number of blocks created on a network usually reflects how much the network is being used. If activity rises, so will the number of blocks being created. Now, if the activity on the blockchain drops, then it is selected in a drop in the number of new blocks, which is a problem the Shibarium network has run into. According to data from ShibariumScan , the number of new blocks created on the network is down over 38% in just two days. Block creation had been steady for the better part of October, leading into November where it peaked on November 7. On this day, a total number of 17,212 blocks were created on the network. However, in the days following this, the number of new bloc...

There’s an eight day window between Nov. 9 and Nov. 17 where all 12 spot Bitcoin ETF filings could be approved by the SEC, according to Bloomberg ETF analysts James Seyffart and Eric Balchunas. from Cointelegraph.com News https://ift.tt/q1M37jE via IFTTT

Gemini will be restricting its UK users to sending only to 58 virtual asset service providers that are registered under the Travel Rule starting Nov. 17. A Trezor analyst argues the measures will go against the principles of Bitcoin and financial freedom. from Cointelegraph.com News https://ift.tt/06hq9wR via IFTTT

The crypto regulation landscape in the United States witnessed a defining year in 2023, as evidenced by the United States Commodity Futures Trading Commission’s (CFTC) recent enforcement report . According to the commission, half of all enforcement cases pursued during the fiscal year were tied to the burgeoning digital asset market. As detailed in the CFTC’s statement, the Division of Enforcement (DOE) launched roughly 96 enforcement proceedings over the fiscal year. These cases spanned various  infractions , including fraudulent schemes, market manipulation, and other serious violations that affect both the digital asset and swaps markets. Collectively, these efforts by the CFTC culminated in a substantial sum of more than $4.3 billion in fines, restitution, and disgorgement orders, highlighting the financial impact of regulatory breaches. Digital Assets In The Regulatory Spotlight As disclosed in the report, the CFTC’s enforcement arm launched 47 distinct actions, accountin...

According to Arthur Hayes, the former CEO of BitMEX, China could be closely monitoring how the United States navigates the spot Bitcoin Exchange-Traded Fund (ETF) pressure through its “proxy asset manager,” Hong Kong. Taking to X on November 6, Hayes, who is not new to controversy, said competition is, after all, “amazing.” Should there be an economic war between the two economic powerhouses, the founder added, then Bitcoin, the world’s largest cryptocurrency by market cap, will benefit. Is Hong Kong Watching The United States? Hayers was responding to a news report shared widely on X suggesting that Hong Kong could be mulling approving spot crypto ETFs as part of their quest to be an Asia central hub. Still, as it is, it is not immediately clear which coin the Securities and Futures Commission (SFC) will eventually allow the trading of its complex derivatives, including an ETF. Even so, considering the angle taken by Hayes, should the Hong Kong regulator ape the Securities and Ex...

Moody’s Analytics will use machine learning and a host of indicators to compile and analyze large-cap stablecoins and identify probable depeggings. from Cointelegraph.com News https://ift.tt/IDUj5dK via IFTTT