Circle, a financial technology company, has been facing concerns from the US Securities and Exchange Commission (SEC) regarding its stablecoin, USDC. The company has been in the process of seeking to go public through a multi-billion dollar initial public offering (IPO). The SEC’s worries primarily revolve around the potential classification of USDC and other stablecoins
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Recently, Brazil’s Special Department of Federal Revenue announced its plans to collect information from foreign crypto exchanges to ensure compliance with local regulations. This move comes as part of the tax department’s efforts to understand how these exchanges operate in the country and to uncover any potential illegal activities. Deputy Secretary of Inspection, Andrea Chaves,
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Recently, the Financial Supervisory Service (FSS) in South Korea addressed concerns surrounding the potential removal of various digital assets from local crypto exchanges. Reports had surfaced claiming that the FSS had instructed registered exchanges, like Upbit, Bithumb, and Gopax, to assess multiple tokens on their platforms in accordance with the Virtual Asset User Protection Act.
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The cryptocurrency market has been experiencing some turbulence recently, with significant outflows observed in crypto funds last week. This shift comes after a prolonged period of consecutive inflows, indicating a change in investor sentiment towards digital assets. The outflows in crypto funds, totaling $600 million, were primarily driven by exits from Bitcoin and Solana funds.
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FLOKI, a Shiba Inu competitor, has seen a significant increase in its price this year, leading to a surge in investments in the meme coin. However, one crypto analyst, iMoneyTeam, has warned of a potential price crash for FLOKI, erasing all gains made in recent months. The analysis, posted on TradingView, highlights a bearish iCH
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Bitcoin price has experienced a significant drop, extending its losses and falling below the $65,000 level. This decline indicates bearish momentum in the market and raises concerns about the future price movement of BTC. BTC is currently trading below $66,000 and the 100-hourly Simple Moving Average, emphasizing the bearish sentiment. There is a connecting trend
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The recent price fluctuations in the world’s most popular cryptocurrency, Bitcoin, have sparked concerns among investors about a potential bear market. Despite this, some analysts are noting faint bullish whispers that could hint at a possible reversal in the trend. One crucial metric being closely monitored is the Bitcoin Taker Buy Sell Ratio, which tracks
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