The recent failure of Bitcoin to break above the $72,983 resistance level has triggered a downward trend in its price. Currently, Bitcoin’s price is hovering around $67,635, showing a slight increase of 0.14%. However, the rejection at the resistance level has caused the price to drop from $71,942 to $66,785. Additionally, the price has moved
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Mastercard has recently introduced its Mastercard Crypto Credential, aimed at simplifying and securing blockchain transfers through the utilization of easy-to-remember aliases. This new offering, which enables users on popular exchanges such as Bit2Me, Lirium, and Mercado Bitcoin, marks a significant step towards enhancing transaction simplicity and security, ultimately driving the adoption of cryptocurrencies. The launch
In the midst of a broader market recovery, the XRP Ledger (XRPL) has experienced a surge in network activity across various metrics. According to Messari’s latest report, active addresses and transactions on the XRPL increased by 37% and 113% quarter-over-quarter (QoQ) respectively. This uptick in activity can be attributed to a concentrated group of around
DMM Bitcoin, a prominent Japanese cryptocurrency trading platform, was the target of a devastating hack on May 31st, resulting in the loss of approximately $305 million worth of Bitcoin. The exchange confirmed that 4,502.9 bitcoins were stolen from their systems, causing significant disruption and financial damage. Despite acknowledging the attack, DMM Bitcoin has been hesitant
As investor confidence in the crypto market grows, Bitcoin seems to be reaping the benefits of this positive trend. Despite some fluctuations in its price, the premier cryptocurrency has seen a continuous accumulation among large-scale investors. Even though Bitcoin fell below the $70,000 mark at the end of May, recent on-chain data suggests that faith
The recent approval of Ethereum Spot ETFs by the US Securities and Exchange Commission (SEC) has created a stir in the financial markets. Several prospective issuers have filed amended versions of their S-1 forms, indicating a potential surge in interest in launching Ether Spot ETFs. This development follows a directive from the commission that required
President Joe Biden recently made headlines by vetoing H.J. Res. 109, a resolution aimed at overturning the SEC’s controversial SAB 121 rule. In his statement, Biden defended SAB 121 as a representation of the SEC staff’s technical expertise, emphasizing the importance of the rule in protecting consumers and investors. Biden also highlighted a political divide
Coinbase recently filed a closing brief with the US Court of Appeals for the Third Circuit, contesting the SEC’s refusal of its rulemaking petition. The crux of the issue lies in a singular sentence in the SEC’s order that “disagreed” with Coinbase’s claim that current SEC regulations are impractical for digital asset companies. Coinbase asserts
Speculation is swirling around the launch date of US spot Ethereum ETFs, with Bloomberg ETF analyst Eric Balchunas suggesting that a launch by the end of June is a “legit possibility.” While a mid-June launch may be a “long shot,” Balchunas anticipates that the latest date for the launch could be July 4. These expectations
The U.S. District Court for the District of Utah recently made headlines by dismissing the Securities and Exchange Commission’s (SEC) case against Digital Licensing, operating under the name Debt Box. This decision was accompanied by an order for the SEC to pay approximately $1.8 million in attorney and receivership fees. In response to the court’s
Crypto analyst Nick from the Cheeky Crypto YouTube channel has made an extremely bullish prediction for Cardano (ADA). According to him, Cardano could potentially reach a price of $38 in the future, although he acknowledged that this may not happen in the near term. One of the key factors driving this prediction is Cardano’s technological
A recent announcement has brought together two leading entities in the cryptocurrency and blockchain technology space – OKX and Immutable. The strategic partnership aims to capitalize on the capabilities of Immutable’s zkEVM solution, which is a cutting-edge technology built on top of Ethereum’s Virtual Machine (EVM). By combining the security and reliability of Ethereum with
In the current cryptocurrency market, there has been a surge in meme coin launches, many of which have raised concerns due to their questionable ties. Lookonchain’s data has shed light on the risks associated with trading meme coins, especially those backed by celebrities. A recent example is American celebrity Caitlyn Jenner’s JENNER token, which was
In a groundbreaking move, SEC commissioner Hester Peirce put forth a visionary proposal on May 29 for a shared digital securities sandbox between the US and the UK. This innovative idea aims to extend the existing joint digital securities sandbox (DSS) of the Bank of England and FCA to include US firms. The implications of