Cryptocurrency News Today TheBitTimes.com

Crypto prices are rallying, with Bitcoin (BTC) rising more than 5% to near $30k. Total market cap is up more than 4% to $1.17 trillion, with over $46 billion added in the past 24 hours. Ethereum and XRP have also spiked, above $1,600 and $0.52 respectively as ETF talk and Ripple news buoy markets. The global cryptocurrency market capitalization is up 4.6% to above $1.17 trillion, with about $46.5 billion added to the crypto market cap in the past 24 hours. The global 24-hour trading volume was about $88 billion, according to data from market aggregator CoinGecko. Why are crypto prices rising? A spike in crypto prices today is the reason behind the uptick in the total cryptocurrency market cap. As can be seen in the heatmap below, the upward trend for Bitcoin (BTC) and across the altcoin market, has fueled the jump in total market cap. Crypto market heatmap. Source: Coin360 The injection of volatility in the sector is likely the flip in sentiment am...

Chris Larsen, the co -founder and executive chairman of Ripple Labs Inc., believes San Francisco was once poised to become the global blockchain capital. Unfortunately, Larsen now believes this status was lost amid hostile US government policy and regulatory crackdowns. In a Sept. 6 report, Larsen believed the US government killed San Francisco, the city where Ripple, the crypto payments company, calls home, from being what it could have been. He attributes this to the Biden administration deciding they wanted to push this industry offshore. As a result, London, as evidenced by a16z’s opening of a new office in the city; Singapore, and Dubai have all become larger hubs for blockchain.  Nevertheless, numerous blockchain companies are still based in the US and have faced regulatory scrutiny from the Securities and Exchange Commission (SEC). Fortunately, despite the SEC’s attacks, Ripple Labs came out victorious on July 13, proving that the blockchain company did not violat...