Congressman Wiley Nickel of North Carolina has recently raised concerns about the US Securities and Exchange Commission’s (SEC) approach to regulation. He argues that the agency’s “regulation by enforcement” strategy is detrimental to the trust in the regulatory system. Nickel believes that this approach, which he describes as a “blatant abuse of power,” could potentially
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Bitcoin price has recently started a recovery wave from the $57,200 zone, showing signs of potential upward movement. The price is currently attempting to surpass key resistance levels at $60,200 and $61,150, which could determine the future direction of BTC. The hourly MACD is gaining pace in the bullish zone, indicating a positive momentum for
The recent price volatility of Bitcoin, including a dip below $50,000 last month, has caused a ripple in the market. Despite this setback, CryptoCon, a prominent crypto analyst, remains optimistic about the future of Bitcoin. He believes that the current price corrections are just a temporary pause in what will eventually be a sharp rise
In recent months, decentralized exchanges (DEX) have experienced a decline in spot trading volume, contrasting with the rise in volume seen by centralized exchanges. According to data from DefiLlama and The Block, DEX recorded $179 billion in spot trading volume last month, marking a 9% decrease from the previous month. On the other hand, centralized
The US Securities and Exchange Commission (SEC) recently expressed concerns regarding the proposed repayment strategy in the FTX bankruptcy case. The plan, which involves repaying creditors through stablecoins or other digital assets, has raised eyebrows at the SEC. In a court filing on August 30, the SEC stated that while it is not definitively declaring
The recent court appearance of Binance executive Tigran Gambaryan in Nigeria shed light on the ongoing legal battle he is facing. Gambaryan’s legal team made a fresh bail request on the grounds of his deteriorating health in prison. They cited several health issues, including a herniated disc, pneumonia, malaria, and tonsillitis, as reasons for the
The Qatar Financial Centre (QFC) in Doha recently announced the introduction of a new regulatory framework for digital assets. This framework aims to create a secure and transparent digital asset ecosystem within the QFC, aligning with international standards. It provides a legal and regulatory foundation for digital assets, covering various aspects such as tokenization, smart
OKX SG, a Singaporean entity of the crypto exchange OKX, recently obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows businesses to operate without transaction limits, making it a highly sought-after accreditation in the country. To qualify for the MPI license, companies must meet strict criteria, including
Bitcoin has recently experienced its second worst monthly close in 2024, with an 8.6% loss in August. This is only surpassed by the losses in April, when the price dropped by 14.76% in a single month. The market has been hesitant, showing mixed feelings among investors heading into September. Forecast for Bitcoin Price Some analysts
Bitcoin’s price volatility has been evident over the past few days, with the cryptocurrency fluctuating between $57,127 and $59,076. The dropping prices have raised concerns among investors about the overall trajectory of Bitcoin in the current market. The looming threat of a US recession is adding to the tension, as the cryptocurrency has not yet
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