Bitcoin price has experienced another decline after struggling to break the $59,500 resistance level. The bears seem to be gaining strength, especially if the price falls below the $56,000 support. Currently, Bitcoin is trading below $57,500 and the 100 hourly Simple moving average. There is a key declining channel forming with resistance at $58,400 on
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During a recent hearing, Judge Katherine Polk Failla expressed her disapproval of Coinbase’s attempt to subpoena SEC chair Gary Gensler in the ongoing case against the firm. Failla criticized Coinbase’s request, particularly noting that it included Gensler’s statements prior to him becoming SEC chair in 2021. The judge found Coinbase’s arguments to be “speculative” and
The US House of Representatives recently faced a crucial decision regarding President Joe Biden’s veto of the resolution to end SEC Staff Accounting Bulletin (SAB) 121. Despite the majority support for overturning SAB 121 with 228 votes in favor, the House fell short of the two-thirds vote threshold required to override a presidential veto. According
The US Securities and Exchange Commission (SEC) recently concluded its investigation into stablecoin issuer Paxos. The investigation had been ongoing for over a year after the SEC issued a Wells notice against Paxos Trust Company regarding the Binance USD (BUSD) stablecoin. However, on July 9, Paxos received a notice of investigation termination from the SEC,
Bitcoin (BTC) recently made a successful break above its bearish trendline, signaling a possible shift in market sentiment. With a market capitalization exceeding $1.1 trillion and a trading volume of over $24 billion, the digital asset is currently trading at around $58,119, down by 1.37% in the last 24 hours. On the 4-hour chart, BTC
Aayush Jindal is a distinguished figure in the financial markets, with a rich experience of over 15 years in Forex and cryptocurrency trading. He is highly regarded for his exceptional skills in providing technical analysis, serving as a trusted advisor and senior market expert to investors worldwide. Aayush’s deep insights and astute chart analysis have
Ethereum’s price has been fluctuating recently, with the cryptocurrency showing signs of bullish momentum. The price of ETH has surged above the $3,080 resistance level, indicating a potential uptrend. However, in order for this momentum to continue, there needs to be a close above the $3,150 resistance zone. The hourly chart of ETH/USD shows that
In a recent Senate Agriculture Committee hearing on digital commodities oversight, CFTC chair Rostin Behnam expressed openness to the idea of the agency becoming the primary regulator for the crypto industry. The hearing, which took place on July 10, primarily focused on the CFTC’s request for increased regulatory authority. Senator Roger Marshall raised the question
In a recent announcement, Kraken revealed its partnership in the creation of the Blockchain Security Standards Council (BSSC) alongside several key industry players. The BSSC aims to establish standardized security measures across the crypto sector to combat prevalent security threats like fraud, cyberattacks, and protocol exploitation. The organization’s primary objective is to develop consensus-driven security
In a recent social media post, crypto analyst DonAlt has made a bold prediction that Bitcoin will reach a price of $100,000 in the near future. This forecast comes amid growing interest in Bitcoin and the rise of Spot Bitcoin ETFs. Many market experts share DonAlt’s optimism, with projections ranging from $200,000 to $250,000 for
