Ethereum (ETH) has experienced a tumultuous week, with a 6.45% decline adding to its recent struggles. Over the past few months, Ether has disappointed investors with a 16.57% drop in price, leaving many wanting more. The recent sell-off by a crypto whale, who disposed of all 6,714 ETH tokens at a loss despite appearing to
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Former President Donald Trump has recently made headlines by expressing strong support for Bitcoin and cryptocurrencies, a stark shift from his previous skepticism towards digital assets. This unexpected change in stance has caught the attention of crypto enthusiasts and investors alike, sparking speculations about the potential implications for Bitcoin and other virtual currencies as the
The recent performance of Ethereum has closely followed that of Bitcoin, with both experiencing a downtrend in prices. However, upon closer inspection, it becomes apparent that Ethereum may have more bearish fundamentals compared to Bitcoin. This has led crypto analysts to speculate that the second-largest cryptocurrency by market cap could see further declines in the
Monero (XMR) has recently seen a surge in discussions on social media platforms following the announcement of LocalMonero’s closure. This increase in attention comes at a time when governments around the world are making efforts to regulate privacy-focused cryptocurrencies like Monero. The closure of LocalMonero, a peer-to-peer exchange based on Monero, has sparked conversations about
Coinbase’s chief legal officer, Paul Grewal, has brought the issue of cryptocurrencies’ legal status to the forefront by calling out US SEC Chair Gary Gensler for allegedly misleading the market. Grewal argues that the SEC chair’s claims that many digital assets are securities are false, citing previous admissions by the SEC’s own lawyers that cryptocurrencies
The recent crackdown on crypto firms by the Securities and Exchange Commission (SEC) has raised concerns about how the regulatory landscape may inadvertently be favoring US crypto exchange Coinbase. Bitwise Investments CIO Matt Hougan pointed out in a social media post that the current regulatory environment is creating an “artificial moat” for Coinbase’s operations, potentially
Robinhood Markets Inc. is the latest crypto trading platform in the crosshairs of the Securities and Exchange Commission (SEC). The SEC has informed Robinhood that it is considering filing a lawsuit alleging violations of Sections 15(a) and 17A of the Securities Exchange Act of 1934. Section 15(a) prohibits broker-dealers from effecting securities transactions without proper
The rise of meme coins in the cryptocurrency market has sparked debates among industry experts, with Chris Dixon from Andreessen Horowitz expressing apprehensions about the regulatory framework in the US. Dixon questions why meme coins, primarily used for humorous purposes and stemming from online communities’ in-jokes, are allowed to flourish while legitimate cryptocurrency companies and
The recent dip in the price of Bitcoin below the $59,000 support level has sent shockwaves through the cryptocurrency market. Analysts are sounding alarms about the potential for a more significant decline in the absence of a pronounced market capitulation. CryptoQuant, a cryptocurrency analysis platform, reported approximately $120 million in liquidated long positions, indicating a
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