Ethereum is currently undergoing a recovery wave from its recent low of $1,565 against the US Dollar. While this may seem like a positive sign, there are potential obstacles that could impede its progress. One major challenge is the $1,600 resistance level, which Ethereum must surpass in order to continue its upward momentum. However, given
Crypto influencer Ben Armstrong, formerly known as BitBoy Crypto, experienced a highly unfortunate turn of events while streaming live on YouTube. What started as a planned livestream from a special location quickly escalated into a situation that led to Armstrong’s arrest by the police. Armstrong had shared on X earlier in the day that he
The U.S. Securities and Exchange Commission (SEC) has raised objections to Celsius’ proposed reorganization plan, which involves cryptocurrency exchange Coinbase acting as a distribution agent to return funds to former users affected by the company’s bankruptcy. The SEC argues that Coinbase’s role goes beyond the typical duties of a distribution agent. Furthermore, the regulator points
Banana Gun, a Telegram bot created to facilitate token purchases on the Ethereum Network, has experienced a rollercoaster ride in the market. Throughout the day, the token saw an 18% increase at one point, only to settle for a modest 2.57% gain later. This volatile performance raises concerns about the short and long-term prospects of
The price of Bitcoin (BTC) has been under pressure in recent weeks, with the United States Federal Reserve interest rate decision sparking weakness in the market. However, there are several factors at play that could determine the future direction of the world’s largest cryptocurrency, as bulls and bears continue to battle for dominance. The Impact of
Dogecoin (DOGE) has found itself trapped in a continuous period of stagnation, showcasing the ongoing battle between bulls and bears for market dominance. This prolonged phase of inactivity has persisted for over a month, indicating a short-term consolidation stage. Amidst the turbulence in the cryptocurrency market, DOGE enthusiasts and investors are eagerly searching for clues
Hong Kong’s Securities and Futures Commission (SFC) has implemented new measures aimed at enhancing investor education and strengthening the regulatory framework in light of recent incidents, such as the JPEX debacle. The SFC aims to improve transparency, combat fraud, and establish a dedicated channel for sharing information on suspicious activities of Virtual Asset Trading Platforms
Cryptocurrency trading has gained significant popularity in recent years, with Hong Kong emerging as one of the key players in this market. However, the industry has faced its fair share of challenges, as evidenced by the recent JPEX scandal. The Securities and Futures Commission (SFC) has taken steps to regulate the sector by issuing licenses
Financial authorities in South Korea are taking steps to enforce strict eligibility reviews for major shareholders of cryptocurrency exchanges. This move aims to mirror the standards upheld within the banking sector and address the increasing legal turmoil surrounding prominent domestic exchanges like Bithumb and Upbit. The Financial Intelligence Unit (FIU) under the Financial Services Commission
South Korea’s leading cryptocurrency exchange, Upbit, recently found itself facing a major crisis after being targeted by fraudulent activities involving counterfeit tokens. As a result, the exchange was forced to suspend all withdrawals and deposits of Aptos’ native token, APT. This incident not only raised concerns about the security of digital asset exchanges but also
