COINDESK DAILY: Bitcoin's 200-Day Average Nearing Record High; Ripple Rejects SEC’s Ask of $1.95B Fine
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 23 April 2024
⏱️ 2 minutes
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Summary
Host Jennifer Sanasie breaks down the latest news in the crypto industry from recent actions in bitcoin's 200-day average to Ripple Labs rejecting SEC’s ask of $1.95 billion fine.
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"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as bitcoin's 200-day average is on track to challenge its previous peak of $49,452 from February 2022. Plus, Ripple Labs has opposed the SEC’s proposal seeking a nearly $2 billion fine against the company and Crypto.com is postponing its South Korea Launch.
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This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.
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Transcript
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| 0:00.0 | Bitcoin's 200-day average is approaching a record high. It's on track to challenge its previous |
| 0:07.3 | peak of $49,452 from February 2022. This is a strong bullish indicator with past data |
| 0:15.5 | showing the most intense phase of the bullish cycle unfolds after the average surpasses its previous peak. |
| 0:22.8 | In November 2020, six months after the third halving, Bitcoin's 200-day simple moving average rose to its |
| 0:28.8 | then highest. And by mid-April 2021, Bitcoin had rallied to four and a half times. Bitcoin was at around |
| 0:35.9 | $66,500 as of 10 a.m. Eastern time. And the CoinDesk |
| 0:40.9 | 20 index was at 2,329 points relatively unchanged today. Ripple Labs filed its opposition on Monday |
| 0:49.4 | against the U.S. SEC's proposal to ask a New York judge to impose a nearly $2 billion fine against the company. |
| 0:56.1 | Ripple's lawyers wrote that the remedial requests are more evidence of the administrative |
| 1:00.3 | overreach that has beset the case and in turn asked that the court deny the SEC's request |
| 1:06.0 | and impose a civil penalty of no more than $10 million. |
| 1:10.3 | Ripple Labs is the company behind the XRP ledger blockchain. |
| 1:15.2 | And crypto.com postponed their South Korea launch after reports of a money laundering probe. |
| 1:20.6 | A local news outlet reported on Monday that the exchange was facing an urgent on-site inspection over money laundering concerns. |
| 1:27.5 | The report said that South Korea's financial intelligence unit under the Financial Services |
| 1:32.1 | Commission had discovered issues related to anti-money laundering data. |
| 1:37.1 | Crypto.com shared a statement with CoinDesk that said the exchange, quote, maintains the |
| 1:41.8 | highest anti-money laundering standards in the industry. |
| 1:44.9 | They added that they will use the opportunity to educate regulators on their policies and |
| 1:50.6 | processes. That's it for CoinDesk Daily. Get more updates on CoinDesk.com and we'll see you next time. |
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