Crypto Whales Add 130 Million More XRP

According to Whale Alert data, whales have added more than 129 million XRP tokens (approx worth $53.1 million) in multiple transactions.

Data depicts that $21.8 million worth of XRP tokens were accumulated from the Bitstamp crypto exchange.

10K Bitcoin Moved To Crypto Exchange

Whale Alert in a tweet on December 1 reported that an unknown wallet moved 10,050 Bitcoin worth over $171 million to the crypto exchange Coinbene at 08:48 UTC. In addition, there are other BTC selloff transactions in the last 24 hours.

Attorney Lists Unresolved Issues In XRP Lawsuit

SEC and Ripple defendants have begun to file their replies to the Motions for Summary Judgment oppositions.

Attorney James Filan informed that the public and redacted versions of these replies are due December 5, 2022. However, it is possible to see these filings sooner in the XRP lawsuit. Read here ahead….

UNI Rallies As Uniswap’s Active Addresses Hit 19- Month High

UNI, the native cryptocurrency of Ethereum-based decentralized exchange (DEX) Uniswap has managed to stand out amid dump.

UNI price jumped by 6% after the successful launch of its new NFT Aggregator. Additionally, the Uniswap active address and network growth has touched a 19-month high to levels last seen on May 4, 2021.

Italy Plans to Introduce 26% Tax on Crypto Gains

After Portugal, another European country is set to toughen crypto regulations and further expand taxation on crypto trading. A provision in Italy’s 2023 budget plan seeks to levy a staggering 26% tax on capital gains derived from crypto trading.

However, this tax slab will be applicable if the crypto profits are larger than 2,000 euros ($2,062.3). Italy’s tax authorities have been seeing cryptocurrencies and tokens as foreign currencies.

SBF Shocked By What Happened This Month

Former CEO of collapsed crypto exchange FTX, Sam Bankman-Fried (SBF) made his first public appearance since the firm filed for bankruptcy.

In the interview, he said that he had a month. While he wasn’t able to do a good job of upholding his responsibilities towards regulators.

Crypto Market Registers Marginal Recovery

The global digital asset market printed green indexes for three days straight. The cumulative market cap is up by 1% over the past day. It now stands at $861 billion. The 24-hour trading vol stands at $47.38 billion which is an increase of 2%.