Ethereum (ETH) price experienced a setback as it dropped back to the $3,400 support level after briefly surpassing $3,500 on Monday. The delay in the price surge is attributed to the SEC’s postponement of the expected full approval for Ethereum ETF applications to July 8. Analysts were initially anticipating approval by July 2, but the
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Galaxy Digital CEO Mike Novogratz recently discussed the future of cryptocurrency regulation in the US, regardless of the outcome of the 2024 presidential election. He emphasized the importance of bipartisan support for the crypto sector, stating that it cannot afford to have one party supporting it while the other opposes it. Despite some opposition from
Bitcoin’s price has recently experienced a 15% dip since reaching an all-time high in mid-March. Despite this decline, several important indicators suggest that a renewed bull run could be on the horizon. One key metric to consider is the Fear and Greed Index, which measures investor sentiment based on various factors. A ratio above 50
SBI Holdings, a renowned financial services company based in Tokyo, Japan, has made a strategic move by announcing the launch of an NFT minting service on the XRP Ledger for the upcoming World Expo 2025. This initiative is part of the ‘EXPO 2025 Digital Wallet’ project which aims to revolutionize the way attendees interact with
Billionaire investor Mark Cuban has recently advocated for changes to Form S-1 to make it easier for token-based companies to register with the SEC. This suggestion comes after SEC Commissioner Mark Uyeda criticized the agency’s current approach to crypto disclosure filings as “problematic.” Form S-1 is a registration statement required by the SEC for domestic
The year 2024 has seen a significant rise in the value of Bitcoin and Ethereum, making them the most profitable assets in the first half of the year. These cryptocurrencies have outperformed traditional investments such as the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. One of the key factors contributing to
Arthur Hayes, the co-founder of BitMEX, recently shared an insightful analysis in his essay titled “Zoom Out,” where he highlights the resemblance between the economic turbulence of the 1930s-1970s and the current financial landscape. By delving into these historical economic patterns, Hayes suggests that there is a blueprint for anticipating the potential resurgence of the
Binance.US, the American branch of the popular crypto exchange Binance, is gearing up for the next phase of its legal battle with the Securities and Exchange Commission (SEC). Despite their efforts to dismiss the SEC’s allegations, a US District Judge upheld the majority of the charges against Binance on June 28. This decision has set
Charles Hoskinson, co-founder of Cardano, recently expressed his concerns regarding the decreasing utility of artificial intelligence (AI) models. He attributed this decline to the alignment training that often accompanies AI censorship practices. AI censorship involves the use of machine learning algorithms to filter out content deemed objectionable, harmful, or sensitive. This practice is predominantly employed
Recently, Bitcoin has been experiencing significant volatility, bouncing back from a crash below $60,000 only to struggle to surpass key resistance levels such as $63,500. Despite efforts to stabilize above $61,000, bearish sentiment still prevails in the market. One crypto analyst, Alan Santana, has even predicted a further price crash in the near future. According
The Bahamas is taking steps to boost adoption of its central bank digital currency (CBDC) known as the “Sand Dollar” by providing access through commercial banks. This move aims to make it easier for individuals to utilize the digital currency for various transactions. Governor of the Central Bank of The Bahamas, John Rolle, mentioned that
In a recent development, Silvergate Capital agreed to a settlement of $50 million with the Securities and Exchange Commission (SEC) while facing demands from the Federal Reserve governors and California financial regulators for an additional $63 million in fines. The SEC accused Silvergate Capital, its subsidiary Silvergate Bank, and two executives of providing false information
The recent revelation by VanEck’s Head of Digital Assets Research, Matthew Sigel, regarding the company’s Solana spot ETF proposal betting on Donald Trump’s victory in the US presidency raises interesting questions about the impact of political leadership on regulatory decisions. The deadline for VanEck’s application coincides with the aftermath of the US Presidential elections in
In the ever-evolving world of cryptocurrency, analysts are constantly looking for new technical patterns to predict the future price movements of various digital assets. Recently, a crypto analyst uncovered a unique falling wedge pattern in the Cardano price movements, hinting at a potential substantial rebound for the cryptocurrency. This discovery has sparked optimism among investors