China News by Thebittimes.Com

On Tuesday, April 21, Paul Atkins was sworn in as the new chairman of the Securities and Exchange Commission (SEC). On Thursday, April 24, the SEC will hold a closed meeting — and many are speculating, could it augur the conclusion of the longstanding Ripple v. SEC case? Sunshine Act notice regarding the April 24 SEC meeting. Source: SEC Despite Ripple Labs Chief Executive Officer (CEO) Brad Garlinghouse’s March 19 announcement that the case was concluded, a binding, legal resolution has not yet been reached.  In the meantime, XRP has experienced negative price action. The token’s price has decreased by 17.64% from a post-announcement high of $2.55 down to $2.10 at press time, with year-to-date (YTD) gains standing at 0.83%. XRP price year-to-date (YTD) chart. Source: Finbold While the token has found a strong zone of support at $2, without a bullish catalyst, a breakout above the crucial $2.20 level of resistance seems unlikely. Let’s examine the likelihoo...

El Salvador’s Bitcoin reserves got bigger today with a new purchase. The country also gave Bitfinex a crypto license to work there. The country’s rules about crypto and its use of Bitcoin make it a leader in Latin America’s digital money world. The government wants more people to use banking and help the economy grow. Also Read: IRS Shocker: Taxes Are “Voluntary” and Crypto Rules Delayed to 2026 Bitcoin Adoption And Crypto Regulations In El Salvador: How Bitfinex’s Crypto License Impacts The Market Source: Watcher Guru El Salvador Expands Bitcoin Holdings The government added to El Salvador’s Bitcoin reserves with its latest big purchase. President Bukele said, “The country’s Bitcoin strategy aims to attract foreign investment, boost tourism, and provide innovative opportunities for local businesses.” Since making Bitcoin legal money in September 2021, these cryptocurrency regulations have changed how money works in the country. Bitfinex ...

The United Kingdom’s Financial Conduct Authority (FCA) has issued a warning that Retardio, a grossly offensive Solana-based memecoin and NFT project, “is not authorised” by the regulator.  Retardio responded by posting a meme that depicts Jeff Bezos in clown makeup.  It appears that the token has no reason to exist except to allow a contingent of Solana-based cryptocurrency traders an asset on which to speculate. Following the announcement from the FCA, the token’s price was buoyed, according to data from DexScreener. The total market capitalization for the project has again breached $100 million . The FCA has been trying to focus more on crypto, asking today for industry feedback on its new discussion paper looking at regulations for the space.  FCA tackles ‘operational backlog’ with 100 crypto staff Read more: TikTok accused of operating as crypto exchange in the UK, report Additionally, the FCA has grown its cryptocurrency-focuse...