The recent flash crash has had a significant impact on the price of Ethereum, leaving it at its lowest point in the past week, below $2,200. As the market attempts to regain some momentum, questions arise as to the triggers of this crash. While several factors may have contributed, one of the most prominent causes
The cryptocurrency market has been experiencing significant volatility in the past 24 hours. Bitcoin, the leading cryptocurrency, has seen a sharp decline towards the $40,000 region amidst a wider cryptocurrency sell-off. However, despite this volatility, Bitcoin has shown relatively slight variations, indicating a phase of equilibrium after recent price spikes. This article analyzes the current
In a recent filing, the U.S. Securities and Exchange Commission (SEC) has requested the court to consider the newly unsealed documents related to Binance and its former CEO Changpeng Zhao’s plea deals with other agencies. This move comes as the SEC seeks to counter Binance and Zhao’s attempt to dismiss the case against them. The
Cardano (ADA) has been one of the standout cryptocurrencies this year, experiencing a substantial price increase of 137% since the beginning of the year. This significant growth has led investors and analysts to speculate about the altcoin’s future price trajectory. With such promising gains, many are wondering if ADA can continue to dominate the market.
The native token of the Polygon network, MATIC, has been making waves in the altcoin market recently. Though it has struggled to break past the $1 mark, there is hope on the horizon. Crypto analyst Ali Martinez has put forward a bullish projection for MATIC’s price in the near future. Martinez points to a symmetrical
The cryptocurrency sector is growing rapidly, but there is a critical issue that many industry experts are now acknowledging – the need to separate exchanges, market makers, and custodians as separate entities. While this practice is common in traditional finance, the cryptocurrency industry has often overlooked it. Caitlin Long, CEO and founder of Custodia, a
The European Union (EU) has emerged as the frontrunner in the global race to regulate artificial intelligence (AI). After three days of negotiations, the European Council and the European Parliament have reached a provisional agreement on what is poised to become the world’s first comprehensive regulation of AI. This landmark agreement has been hailed as
In a groundbreaking milestone for the blockchain data-oracle project, Chainlink (LINK) has witnessed an overwhelming response to its enhanced crypto-staking program. The recent announcement from the company has unveiled that the program has successfully attracted over $632 million worth of its LINK tokens in an astonishingly short period of time. Chainlink Staking v0.2, the latest
The recent momentum in the cryptocurrency market may be cooling off, but Ethereum (ETH) is showing signs of rejecting lower lows, particularly against Bitcoin (BTC). According to insights shared by decentralized finance (DeFi) researcher DefiIgnas, Ethereum could be on the brink of a rally that could potentially lead it to usurp BTC’s current position as
The U.S. Securities and Exchange Commission (SEC) recently held a meeting with Fidelity regarding the firm’s spot Bitcoin ETF application. This meeting, which took place on Dec. 7, involved members of the SEC’s Division of Corporate Finance, Fidelity representatives, and individuals from CboeBZX. The primary focus of the meeting was a proposed rule change that
