Update crypto market news now and other interesting

Today, bitcoin prices are still trading at the level of $17,000 – $17,350, while Ethereum is at $1,250. Other digital tokens are down, on the other hand, the market value has only increased by 0.2% in the last 24 hours.

Economic conditions during this period remained poor, referring to Elon Musk’s post on Twitter yesterday that if the Fed raises interest rates again next week, the recession could get worse.

ref. Elon Musk on Twitter 

• Whale transfers enormous XRP

In the Ripple market segment, reports reveal that Ripple whales have moved over 143 million XRP coins from unknown wallets. In total, it has been valued at over $55 million. According to Whale Alert.

ref.  Whale Alert on Twitter

Earlier in December last year, there was also such a massive XRP transfer, with over 100 million XRP being moved, while the XRP price now at $0.387959 hasn't changed much in the last 24 hours, according to CoinGecko.

• FTT investors have been charged with violating securities laws

After ex-FTX founder Sam Bankman-Fried was investigated for fraud, FTX's coin investors (FTT) were accused of violating securities laws, but law firm Schall Law Firm stepped in to help investors dispute the allegations.

CEO Binance, Mr. CZ, and CEO Tether see SBF as wanting to shake up the crypto market to salvage the FTX web trading that is currently in the process of bankruptcy.

Source link:  AMBCrypto // cointelegraph 

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