AltSignals Blog

Ripple’s legal counsel, Bill Morgan, debunks claims of potential government seizure of XRP tokens from Ripple’s escrow accounts. The article explores various technical transfer mechanisms, limitations, and ongoing SEC settlement talks. The settlement reduces Ripple’s fine and dissolves injunction against XRP sales, maintaining Ripple’s escrow structure.

Eric Semler, Chairman of Semler Scientific Inc., expresses confidence in Bitcoin’s potential despite skepticism in the crypto industry about US political support for digital currencies. The firm plans to increase its Bitcoin holdings tremendously over the next few years. Semler views the prevailing doubt in the traditional finance industry as a bullish indicator for Bitcoin. Notably, many hedge fund executives have shown an increasing interest in cryptocurrency investment.

Trading platform moomoo is launching Moomoo Crypto, offering 32 cryptocurrencies for trade. The platform will first be available to existing customers, before rolling out to all users. Moomoo Crypto will use Coinbase’s Crypto-as-a-Service platform for trading access. This initiative places Moomoo alongside traditional online brokers like Robinhood, Interactive Brokers, eToro, and Fidelity that also offer crypto trading.

TikTok has dismissed allegations made by Congressman Brad Sherman that it purchased $300 million in TRUMP memecoins as a bribe. Despite being called out for potentially illegal actions, the social media platform has been granted another 90-day extension in the US. This article explores the claims and the role of TRUMP memecoins in the argument.

TikTok refutes allegations from Rep. Brad Sherman that its owners made a $300 million purchase of TRUMP memecoins in exchange for extending a ban. This news follows a significant misunderstanding, connecting TikTok with GD Culture Group’s plan to acquire up to $300 million worth of shares and Trump memecoins. Find out more about the ongoing controversy and the connection between GD Culture Group and TikTok.

Uber is expanding its AI business by offering data labeling services and technologies to organizations developing AI models. After Metas acquisition of Scale AI, Uber is positioning itself as a major player in the data labeling market, predicted to be worth $17 billion by 2030. The company also recently announced the growth of its AI data platform, providing customized data solutions for more intelligent AI models and agents. This move is part of the race among tech companies for dominance in the fast-evolving artificial intelligence industry.

The Federal Reserve may consider an early interest rate cut fueled by disruptions in global trade and the Middle East. As the US dollar weakens, Bitcoin’s value could see an upsurge. This overview delves into potential reasons behind the central bank’s shift from its current cautious stance, implications on Bitcoin’s price, and the economic factors influencing these possible changes.

Bitcoin recently surged above $110,000, achieving a new record and raising expectations for further growth. This increase is attributed to favorable regulations for stablecoins and growing corporate interest. Bitcoin’s bullish price target is around $120,000 while key support levels to monitor fall at $107,000, $100,000, and $92,000.

Ex-Animoca executive Mehdi Farooq loses significant life savings in a phishing attack involving a fake Zoom update tied to North Korean hacking group, Lazarus. The sophisticated scam disguised as a scheduled Zoom call highlights the growing cybersecurity threat in the crypto industry.