The Securities and Exchange Commission (SEC) in Thailand has proposed that a ban be imposed on crypto lending and staking activities and that people not be permitted to engage in them. The regular has now opened up the proposal for comments from the public and also noted that the reason behind the ban would be…
The head of the Russian government instructed the finance ministry and central bank in Moscow to come to an agreement on how to develop the digital asset market in Russia by December 1st. They should also work with other regulators in order to develop common legislation that can be used for regulating the digital asset…
The Financial Services Regulatory Authority (FSRA) is the financial regulator for the Abu Dhabi Global Market. It recently disclosed six principles that will be used for developing regulations for virtual assets and their supervision. While the FSRA said that these principles would not be legally binding, they should be regarded as a complement to the…
September 9 had proven to be a day of hope and joy for the Ether (ETH) investors as its price recorded a significant rise. For a while, Ether had found it difficult to push through the $1,700 level, which is the overhead resistance mark for the second-largest cryptocurrency. However, on September 9, Ether was able…
The chairman of the US Securities and Exchange Commission (SEC) has instructed his staff to begin fine-tuning compliance for crypto intermediaries and tokens. According to the SEC chair, most of the crypto tokens that are in circulation are categorized as securities. Crypto tokens are securities Last Thursday, there was an SEC Speaks conference at the…
Last week, the tax authority in Argentina (AFIP) discovered three different clandestine crypto mining operations, which were located in the city of Cordoba and San Juan. Just one of these mining farms had mining equipment worth $600,000 and the institution was able to track them due to the high electricity consumption. Illegal crypto mining The…
The trading price of Ether (ETH) is currently hovering in a particular range. The range is the 20-day EMA and the H&S pattern. The trading price of $1,605 is the 20-day EMA for Ether and the H&S value is at a lower level. This means that the trading price of ETH is moving within a…
The new Prime Minister of Britain, Liz Truss had previously stated that cryptocurrencies should be welcomed in such a manner that their potential is not affected. Truss beat Rishi Sunak, the former finance minister of the United Kingdom, who intended to make the country crypto-friendly. New PM The race to become Britain’s prime minister had…
On Monday, the largest crypto trading platform in the world by trading volume, Binance announced that it would be removing USDC from the list of its spot trading pairs. Not only is it removing the stablecoin, but it also warned its users that three types of stablecoins would be automatically converted into BUSD if those…
Mikhail Mishustin, the Prime Minister of Russia, was full of praise for digital assets as a payment method, as he said that they could help the country in achieving financial independence. However, the leading government official also encouraged the use of the Russian ruble for making international settlements. Foreign trade During a session that was…
Indeed, web3 and decentralized finance (DeFi) capabilities are among the blockchain pillars making most chains attractive to investors. Early adopters that joined the space are working to strengthen their footing. Polygon is among such platforms. The Polygon Village Created as a one-stop platform for developers to build and enhance projects, Polygon Village will use vouchers…
NEAR’s escalated devaluation within the past seven weeks dragged the alternative token to discover new multi-month lows on the charts. However, the crypto rose gradually beyond the 23.6% mark as bulls finally triggered a downward channel breakout. For now, Near Protocol surge as the broad market sees improved sentiment. The buying momentum uptick might welcome…
Bitcoin’s downtrends since April have meant a massive impact on Loopring’s price actions. LRC traded beyond $1 in March this year before being swiftly forced to surrender the territory claimed in March to bears. While publishing this content, the alternative token hovered 64% down from March high. Moreover, LRC might experience more declines in the…
Decentraland price lost some momentum after recording upsurges for two successive sessions. The alternative token opened lower before inching high amid sustained buying pressure. The increasing volume supported the current price movements as the market structure remains oversold. MANA saw its price retreating from higher-value areas after two successive sessions of uptrends. A bullish pattern…
Thursday trading sessions saw Bitcoin breaking beneath two crucial support barriers amid escalated bloodbath in the market. While its recent fall emerged because of a higher-than-anticipated US inflation stat, other factors send participants out of the crypto market. Bitcoin lost approximately 15% over the previous 24 hours to change hands near $26,848. The world’s leading…
Axie Infinity buyers attempted to cool the intensified sell-off condition by securing reliable footing near the $28 mark within the past couple of days. As the retracement dragged to token towards multi-month lows, AXS chalked this phase in a downside channel within the previous month. The nearest floor remains crucial in detecting future price actions…
The cryptocurrency market sees a rough start to May. The space encountered two massive dips following announcements by Fed Reserve. The latest crash saw the market losing 3.7% of its value. Besides that, there’s new data that emerged and might worry investors. Stablecoins, USD Coin, and Binance USD show enormous volumes today. Surprisingly, the assets…
Cardano has its price staying above its last support zone. The alt seems primed for a more than 40% downside move. Though upward possibilities exist, they need substantial participation by bulls. Cardano’s price appears ready for massive downward actions from the $0.76 vicinity. Everything seems to support crashes for the token. From Ichimoku, Volume Profile,…
Bitcoin saw a plummet on Wednesday, losing a vital support floor and catalyzing colossal liquidation of the cryptocurrency marketplace. The crypto’s recent slump seems directly tied to the crash in US tech stocks. The previous 24 hours saw Bitcoin losing 5% of its value, changing hands near $38.5K at this publication. On the other part,…
Zilliqa maintained downward trends since the $0.230 ATH on 1 April. A recovery past $0.16 may offer ZIL what it needs to retest the range’s topside boundary at $0.133. A daily candle close beneath $0.097 will cancel the bullish narrative. Zilliqa (ZIL) presents an impressive recovery following the latest sell-off. This outlook shows bulls defending…
Ethereum stretched upward past $3,080 and $3.1K. ETH trades above $3,050 and 100hr SMA. ETH/USD’s 1hr chart shows a move past a crucial bearish trend-line with resistance at $3,060. ETH should clear the levels at $3,120 and $3,130 for extended upside in the short term. Ethereum gained momentum beyond the resistance of $3,050. A clear…
The crypto market crashed today, alts such as Avalanche and Cardano tumbling more than Bitcoin. The world’s leading crypto lost more than 7% to $39,417. Remember, BTC has never crashed beneath $40K since 16 March. Ethereum, the 2nd-largest digital coin by market value, lost over 6% to lose the $3,000 mark. Also, the meme crypto…
Buyers shifted the trend to their favor as Shiba Inu climbed higher from the January lows. For now, sellers appear to build tension around the resistance zone at $0.024. (We will multiply SHIB’s prices by 1000 to ensure concision). A decisive close beneath the long-term Point of Control (liquidity range) would see the DOGE competitor…
Bitcoin climbed towards the $48K highs last week before retracing to trade beneath $44,000 at this publication. Though the bellwether crypto plunged into a demand zone, it isn’t clear whether a bullish BTC might trigger highs for XRP. Bears appear strong around the $0.88 – $0.92 range. The remittance token can plummet to the $0.75…
Ethereum kick-started massive declines from the resistance area at $3,530. The price now hovers beneath $3,400 and 100-hourly SMA. ETH/USD’s 1hr chart shows a massive bearish trend-line emerging with resistance at $3,460. The altcoin might encounter massive hurdles around $3,425, then $3,450. Ethereum launched a sharp drop from the $3,530 level. The 2nd-largest crypto by…
