Biggest Blockchain Patent Holder & Pro Crypto Alibaba Faces $2.8B Fine Amid Growing Fallout With Gov
Alibaba, the largest e-commerce company in China and the biggest blockchain patent holder was fined $2.8 billion for anti-trust activities by the Chinese government. The fine was imposed after the market monopoly investigation which indicated that Alibaba was punishing retailers for selling the same goods on other platforms.
🔥Ethereum Market Outlook Super Bullish as TVL in ETH 2.0 Soars Above $8B
Recent on-chain data from Glassnode reveals that the total value in dollar terms of Ethereum deposits locked in the network’s proposed Proof-of-Stake (PoS) model, Ethereum 2.0 has attained a new all-time high (ATH) of $8,049,974,417.34. At present, the global crypto market cap is worth $2.06 trillion, up 3.65% in the past 24 hours.
💼XRP Volume Surpasses 2017 Levels as token Price Register 20% Surge
XRP has finally joined the bull run along with other altcoins recording a 3-year high above $1 for the first time after 2018. The altcoin has continued its surge this week recording a 20% surge over the past 24 hours and also surpassed the all-time-high volume of 2017.
💼🔥Bitcoin Price Surge Above $61,000 Leads to $500 Million In Short Liquidations
Earlier today, Bitcoin (BTC) registered a solid 5% breaking past all resistance and surging above $61,000 for the very first time since March 13. At press time, Bitcoin is trading at a price of $60,793 with a market cap of $1.139 trillion.
As it turns out, with the latest BTC price surge, nearly $500 million worth of Bitcoin shorts were liquidate across exchanges as per the data by ByBt.
📈XRP Eyes $1.35 As Bulls Hold Key Support
-XRP holds strong support after 100% increase in 7 days
-Clear Bull Pennant has formed on XRP Chart
-Ripple wins access to SEC's internal documents on BTC & ETH
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