In a significant move influenced by regulatory scrutiny, eToro’s U.S. arm has announced it will discontinue trading the majority of its cryptocurrency assets, following a new directive from the Securities and Exchange Commission (SEC). This decision stems from allegations that the platform has been operating in violation of federal securities laws since at least 2020.
Crypto
In a significant development within the cryptocurrency landscape, Coinbase, the leading trading platform in the United States, has launched its Wrapped Bitcoin product, known as cbBTC. This new asset comes as part of a strategic move to enhance the financial ecosystem by allowing Bitcoin holders to engage with decentralized finance (DeFi) applications on the Base
In a notable development within the cryptocurrency landscape, a wallet tied to the now-defunct FTX and its affiliate, Alameda Research, has recently redeemed a substantial quantity of Solana (SOL) tokens. The specific amount redeemed totaled 177,693 SOL, valued at about $23.75 million. This move, highlighted by blockchain analytics firm PeckShield, has raised eyebrows among investors
This past week witnessed a significant decline in the values of leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH), with prices slumping to approximately $55,500 and $2,200, respectively. In the wake of these declines, market analysts widely anticipated a continuation of the bearish trend that has plagued the cryptocurrency sector for some time. However, contrary to
Over the past two weeks, bitcoin has been on a rollercoaster ride, experiencing a market correction of approximately 11%. Despite briefly rebounding to $58,000, the leading cryptocurrency still has a way to go before reaching its all-time high levels. On-chain Data Insights According to on-chain data from the blockchain market intelligence firm Santiment, there has
In a surprising turn of events, Fintech bank Nubank has made the decision to suspend trading for its cryptocurrency, Nucoin. This decision has sparked questions about the bank’s financial stability and has left many investors wondering about the future of Nucoin. Nubank made the announcement in a blog post on September 10, stating that Nucoin
In a recent analysis, ITC Crypto founder and CEO Benjamin Cowen pointed out a wedge chart pattern in the current cycle of ETH prices. This pattern bears resemblance to similar patterns observed in previous cycles, albeit on a much larger scale. Cowen highlighted that the ETH/BTC structure bottomed out after an interest rate cut in
Bitcoin recently experienced a significant daily surge, jumping from $53,600 to over $58,000. One of the key factors behind this surge could be attributed to the US spot Bitcoin ETFs, which were introduced in mid-January. These ETFs have had a noticeable impact on Bitcoin’s price movements, with positive flows leading to price increases and negative
Bitcoin (BTC) faced a significant drop in price over the weekend after the release of August nonfarm payrolls (NFP) data, which failed to meet analysts’ expectations. This led to a rapid decline of nearly 5% in BTC’s price, causing it to fall below the $54,000 range, its lowest level since early August. The broader crypto
The United States Federal Bureau of Investigation (FBI) has recently issued a warning to the public regarding aggressive attacks by North Korean hackers on the crypto industry and companies associated with digital asset investment products. These attacks are not your typical cyber threats; they consist primarily of sophisticated social engineering tactics that even those well-versed