Bitcoin (BTC) has encountered difficulties in breaking above the $31,800 mark, resulting in a 6.3% correction down to $29,700. This price action has raised concerns among investors that ongoing regulatory developments and macroeconomic headwinds could drive Bitcoin below the $29,000 level, last observed on June 21. In terms of Bitcoin futures, there has been increased
The Financial Stability Board (FSB) has recently unveiled its finalized global regulatory framework for crypto-asset activities. This framework comes as a response to the inherent volatility and structural vulnerabilities observed in the crypto industry, as well as the risks posed by the deepening connection between cryptocurrencies and traditional finance. The FSB’s main objective is to
National Australia Bank (NAB) recently announced that it has prevented over A$270 million ($184 million) in customer payments due to concerns about potential scams. While these efforts to combat scams are commendable, there are concerns about the impact these restrictions may have on the growth of the cryptocurrency industry in Australia. This article explores the
In 2021, a retail investing community called Wall Street Memes burst onto the scene, quickly gaining traction and becoming a powerful force in the world of retail investing. This movement was born out of small investors uniting against Wall Street, challenging major financial institutions and driving up the prices of heavily shorted stocks like GameStop
Cryptocurrency enthusiasts have long been debating the future of Bitcoin (BTC), and recent on-chain data from crypto analytics firm Glassnode sheds light on the growing demand for the digital asset at the $30,000 price level. Despite the price of BTC hovering around this mark, buyer behavior indicates a significant interest in the largest cryptocurrency in
Terra Luna Classic (LUNC) has been making headlines as the top-performing coin of the day, with a nearly 4% increase in the past 24 hours and an impressive 8% surge over the last seven days. The recent disclosure of LUNC holdings by Binance CEO, Changpeng “CZ” Zhao, has ignited renewed excitement within the Terra Luna
Cathie Wood’s Ark Invest, the renowned investment management firm, has been making headlines recently with its strategic moves in the cryptocurrency market. One notable development is their decision to sell off a significant portion of their Coinbase shares, the popular crypto exchange. This article aims to analyze Ark Invest’s recent actions and shed light on
Republican Presidential candidate Ron DeSantis has made a bold pledge to put an immediate stop to the implementation of a central bank digital currency (CBDC) if he assumes office. In an interview with Blaze Media, DeSantis expressed his deep concern about the potential threat a CBDC poses to American liberty. He vows that on his
In a recent development, a representative known as Eeon has made an extraordinary attempt to become involved in an ongoing securities case involving Binance. Eeon, alongside a group of affected customers, filed a document arguing that they should be recognized as relevant parties in the matter at hand. They claim that a court order issued
Cardano (ADA) has witnessed a remarkable surge in price within the past 24 hours, fueled by the ripple effect of Ripple’s recent legal victory against the U.S. Securities and Exchange Commission (SEC). Traders have been closely examining the implications of this ruling on the broader cryptocurrency market, leading to a surge in ADA price by
