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Coinbase, one of the leading cryptocurrency exchanges, has recently submitted a comment letter to the US Securities and Exchange Commission (SEC) expressing strong opposition to the agency’s proposal to expand the definition of “exchange” to include decentralized exchanges (DEXs). The company, along with other industry players, has voiced concerns about the potential negative impact of
Ethereum has emerged as the frontrunner in the cryptocurrency market, reaping the benefits of the recent market downturn. Investors have seized the opportunity presented by the price weakness, resulting in a substantial inflow of $155 million over the past week. This surge in investment has propelled Ethereum’s year-to-date total inflows to an impressive $862 million,
Recently, a crypto analyst known as ‘Sensei’ made waves in the industry with a bold prediction for Bitcoin. The analyst suggested that Bitcoin could potentially reach $72,000 in the near future. This forecast was based on a bullish surge in Bitcoin’s price following what many believed to be a bear trap in the market. Sensei
The latest data from crypto asset manager CoinShares has revealed a significant uptick in investor confidence in the crypto market. According to the ‘digital asset fund flows weekly report,’ digital asset investment products saw a total of $176 million in inflows last week. This surge in inflow signals a strong positive sentiment across the board,
A recent analysis by a CryptoQuant analyst suggests that Ether (ETH) could be gearing up for a rally in the near future. This prediction is based on metrics observed in the cryptocurrency’s futures market. Following a significant liquidation event, the analyst, Shayan, believes that ETH may experience a price rally as the market stabilizes, and
Binance, the world’s largest cryptocurrency exchange, recently announced the delisting of six altcoins from its platform. This decision has had a significant impact on the prices of these assets, leading to sharp price drops in a short period of time. Binance periodically reviews each digital asset listed on its platform to ensure that they meet
Cryptocurrency analyst CryptoCon recently highlighted a technical indicator that has accurately predicted local highs for Bitcoin in this current bull run. According to CryptoCon, Bitcoin could potentially reach $109,236 by the end of the year based on this indicator. This prediction is based on the trend of Bitcoin hitting local tops one month ahead of
XRP, the native token of Ripple, experienced a significant price rally of 20% last week, reaching almost $0.64. This surge was attributed to a court ruling in the Ripple v SEC case, where the company was ordered to pay a $125 million fine, a significant reduction from the initial demand of $2 billion. Despite a
Recently, Binance, the leading cryptocurrency exchange globally, confirmed that the Venezuelan government has restricted access to its website. This action came following the controversial presidential election results in the country. In a post on August 10, Binance mentioned that similar to other companies in various sectors in Venezuela, including social media platforms, their pages were