The recent movement in the price of Ethereum has shown signs of recovery as it started a decent wave from the $3,050 zone. Currently, ETH is trading above $3,350 and the 100-hourly Simple Moving Average, indicating a positive momentum in the market. There was also a break above a major bearish trend line with resistance
Uzbekistan’s National Agency for Prospective Projects (NAPP) has recently declared a significant change in the fee structure for individuals involved in the crypto market within the country. This decision, made on March 19, 2024, is expected to lead to a doubling of revenue in the sector. The objective behind revising the fee structure is to
In a recent development, the Commodities and Futures Trading Commission (CFTC) has given the green light to Coinbase Derivatives Exchange to list futures contracts tied to Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC). This move marks a significant step forward for the cryptocurrency market, as these new listings are set to go live and
As the United States Securities and Exchange Commission (SEC) Chair Gary Gensler faces increased scrutiny over his leadership, the recent hearing by the U.S. House Committee on Financial Services (HCFS) highlighted various concerns regarding the agency’s direction. Members of the committee expressed significant concerns about the SEC’s rapid implementation of new rules and insufficient comment
Bitcoin, the flagship cryptocurrency, is currently experiencing a trend that suggests further growth in the ongoing bull market. Despite the recent price decline, key fundamentals indicate a strong potential for Bitcoin’s value to rise in the future. Data from the on-chain analysis platform, CryptoQuant, indicates a significant drop in the supply of Bitcoin on exchanges
Solana (SOL) experienced a brief wobble in the market with an 11% dip early in the morning, causing concerns about a potential crash. This came just hours after surpassing Ethereum in 24-hour trading volume. Despite this setback, SOL has stabilized somewhat, with losses now standing at 4.1% and currently trading at around $171. The fluctuation
Coinbase Inc. has found itself in the midst of a legal battle against the U.S. Securities and Exchange Commission (SEC) as they seek to establish clear regulatory guidelines for the crypto industry. Notable supporters, including Paradigm, the Crypto Council for Innovation, and other organizations, have submitted amicus briefs to the circuit court in support of
The recent sharp decline in the price of Bitcoin has sent shockwaves through the cryptocurrency community. Prominent figures such as Alex Krüger have highlighted several key factors contributing to this significant drop. According to Krüger, the crash can be attributed to excessive leverage in the market, Ethereum’s negative influence due to ETF speculations, a decrease
In a recent development, Sequence, a blockchain-based Web3 game development platform, has teamed up with Google Cloud to offer gaming tools and solutions to Google Cloud users. This strategic collaboration aims to simplify the complexities of Web3 technology and provide a seamless experience for both developers and players. According to Jack Buser, Director for Games
In a groundbreaking collaboration, Australian venture capital firm King River Capital, along with blockchain gaming firm Immutable and Polygon Labs, have come together to launch a $100 million gaming fund. This fund, named the “Inevitable Games Fund,” is set to revolutionize the gaming industry and provide high growth opportunities for investors. According to data from
