The recent transfer of 1,500 Ether (ETH) and 250 billion Shiba Inu (SHIB) tokens by bankrupt crypto lender Voyager Digital to Coinbase has caused quite a stir in the crypto community. Valued at approximately $2.77 million and $2.7 million respectively, these transfers have sparked suspicion and speculation among observers. With Voyager’s crypto wallet holdings dropping
In the world of decentralized exchanges (DEX), the stability of stablecoins plays a crucial role. Recently, the leading ZKSYNC DEX stablecoin USD+ experienced a destabilization that caused seismic price moves. This event has raised concerns among traders and investors as stablecoins, including USD+, become increasingly mainstream. Additionally, the emergence of government-issued central bank digital currencies
The cryptocurrency market is no stranger to unexpected fluctuations, and recently, XRP has experienced a remarkable surge in trading volume. With an impressive increase of $3 billion reported by Messari, this surge reflects the cryptocurrency’s enduring appeal, adaptability to market trends, and potential to disrupt traditional finance. However, this surge has left market analysts puzzled,
Coinbase, one of the leading cryptocurrency exchanges, has made its official entry into the Canadian market. To facilitate its expansion, Coinbase has formed a strategic collaboration with Peoples Trust Company, a subsidiary of the Peoples Group. This collaboration introduces Interac payment rails, allowing for seamless Canadian Dollar deposits and withdrawals for Coinbase users based in
The Securities and Exchange Commission (SEC) under the chairmanship of Gary Gensler is facing significant regulatory hurdles in approving a Bitcoin spot ETF application. Former SEC attorney John Reed Stark believes that these concerns revolve around the prevention of fraud and the protection of investors. However, what makes this situation even more complex is the
In a recent post, crypto lawyer James Murphy expressed his belief that the amicus brief filed by six law scholars in support of Coinbase is “devastating” for the U.S. Securities and Exchange Commission (SEC). This legal document, filed by experts in securities law and related fields, challenges the SEC’s “investment contract” theory and provides a
Shiba Inu (SHIB) coin has recently taken the cryptocurrency community by storm, surpassing even the top 10 established cryptocurrencies with its impressive 15% increase in value. This surge in price can largely be attributed to the coin’s burning rate, which has experienced a significant upturn in the past 24 hours. With 111,799,146 SHIB tokens burned,
In a recent development, U.S. Senator Cynthia Lummis has come out in support of Coinbase’s motion to dismiss the U.S. Securities and Exchange Commission (SEC) lawsuit. In her amicus brief, Lummis highlights the ongoing debates in Congress surrounding crypto regulation and argues that it should be left to Congress to develop fair and balanced regulations.
In the past 24 hours, both Shiba Inu and Pepe have shown an impressive 8% increase, outperforming the wider crypto market. This surge comes at a time when the SEC’s decision on the Ark Bitcoin ETF has been delayed, causing the overall market to trend slightly downwards. Notably, some analysts have observed a pattern where
Chainlink (LINK) has garnered significant attention in recent weeks, thanks to its positive price movement and promising on-chain developments. Crypto analyst Ali Martinez recently shared some insights on the token’s potential price action, particularly highlighting the establishment of a robust support zone for LINK. According to Martinez, a strong support zone has formed for Chainlink
