According to SEC officials, illegal crypto tokens are still on some exchanges. This will cause stricter crypto rules. The US Securities and Exchange Commission (SEC) has been advocating for the regulation of cryptocurrencies since 2017, stating that it has the authority to supervise numerous digital tokens and the platforms that facilitate their trade. However, the …
SEC Declares Crypto Tokens Illegal for Sale on Exchanges Read More »
Despite Hong Kong’s steady development in bitcoin usage, mainland China’s anti-crypto position in terms of local legislation has not altered. Some Chinese state-affiliated banks are progressively opening bank accounts in Hong Kong to accommodate crypto customers. In April, CPIC Investment Management, a China government-backed corporation based in Hong Kong, established two Bitcoin funds. According to …
According to Coinglass statistics, the futures market has a fairly balanced spread of long and short orders. Besides, the buyer-side edge remains pretty insignificant. At the same time, the Binance BTC/USDT order database displays a strong resistance level to selling at US$29,000. It could easily serve as a target for Bitcoin bulls to beat. The …
Bitcoin and Ethereum markets awaiting the FRS decision Read More »
Last week, the Bitcoin market consolidated. While putting the bulls in a difficult position, it brought great joy to the bears. Crypto investors expressed concerns about how Bitcoin’s swings may impact the market. Bitcoin attempted to re-escape from the present $30,000 resistance level. However, the bear’s readiness prevented the price from moving higher. As a result …
Bitcoin price failed to maintain $30k volatility zone Read More »
The crypto winter has passed. Therefore, Bitcoin is on its way to thriving, according to a Standard Chartered paper issued on Monday. According to the bank, the world’s largest digital currency by market cap might reach $100,000 by the end of 2024. It will mark a 268% rise from current levels. Standard Chartered’s Geoff Kendrick …
Standard Chartered: Bitcoin might rise 268% to $100,000 Read More »
A week of concerns about additional US bank failures and a potential recession is almost over. Remarkably, Bitcoin increased in Friday morning trade in Asia to hover above US$29,500. Therefore, some observers claim that new interest in the world’s largest cryptocurrency as a safe haven asset is emerging. Simultaneously, Ethereum dipped slightly but remained above …
A week of crypto turmoil: Bitcoin rises, Ethereum falls Read More »
When the price of BTC and ETH fell from all-time highs in 2022, the cryptocurrency market saw severe turmoil. These sharp declines forced numerous recognized companies into bankruptcy. Such insolvency included lending platform Celsius Network and cryptocurrency hedge fund Three Arrows Capital. The crypto exchange FTX stood as the backbone of the industry while at …
Bitcoin dropped 3.8 percent in the previous 24 hours to trade at $28,958. The asset lately enjoyed a terrific run, posting a small rally to $30k. According to Coinglass, most BTC liquidated positions were long, surprising most investors. Ethereum is now trading below $2000 for the first time in weeks, with a 5.57 percent drop …
Fed inflation anticipation: Bitcoin’s major fall Read More »
Ethereum’s much-awaited Shanghai upgrade, also known as the Shanghai-Capella hard fork, will present itself on Wednesday. Following this, users will have access to the $31 billion worth of ether (ETH) that has been placed in the blockchain since December 2020. The investors highly praised the upgrade as being long-term positive for the native token of …
Prior to Ethereum Shanghai Upgrade, BTC ruled the crypto market Read More »
Bitcoin price is weakening, yet major uptrend support is still there The bitcoin price surged past $29,000 but then made a smaller correction and is now stabilizing above the pivot mark of $28,000. The world’s largest crypto has accelerated its upward movement above the $28,500 obstacle, albeit only slightly, and is currently trading above both …
Bitcoin price is weakening, yet major uptrend support is still there Read More »
As ETH burning picks up speed, Ethereum sets a record for supply deflation The burning of Ethereum is growing in volume. Because of this, the issue has experienced the largest level of deflation ever, which is reducing the quantity of ETH. The supply of Ethereum is depleting at its quickest rate ever. Inflation has reached …
Is New York America’s most anti-crypto state? Crypto laws have long been the most ambiguous in the United States, particularly in New York. The enforcement tone has been notably tough under New York Attorney General Letitia James. New York is widely regarded as one of the most anti-crypto states in the United States. Mostly because …
Bitcoin and Other Crypto Drop The news that Binance, by far the biggest cryptocurrency exchange in the world, is being sued by American regulators caused traders of digital assets to become more cautious, which led to a decline in the price of bitcoin and other cryptocurrencies on Tuesday. Yet, that is not the only …
Tether has excess reserves for the USDT stablecoin of $1.6 billion This is significant information for the cryptocurrency corporation Tether, which claims to have extra reserves of around $1.6 billion to sustain its USDT stablecoin. Speaking of which, Paolo Ardoino, the chief technical officer at Tether, thinks that USDT is turning into the safest asset …
Tether has excess reserves for the USDT stablecoin of $1.6 billion Read More »
$30k For Bitcoin? Fed Introduces New Weapon To Save Foreign Banks The price of bitcoin is once again trading above $28,000, displaying an extraordinarily strong trend that points to future gains as the American banking crisis intensifies into a global banking crisis. The US Federal Reserve has restarted the money printer, which is …
$30k For Bitcoin? Fed Introduces New Weapon To Save Foreign Banks Read More »
