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…
According to a top Russian government official, the country is cooperating with friendly nations about the potential use of stablecoins for making international payments. This news comes after some of the prominent institutions in the Russian Federation agreed that the country needs to work on legalizing crypto cross-border payments in light of the Western sanctions….
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…
Animoca Brands is one of the major platforms within the crypto-blockchain industry and it wants to gain even more ground within the sector. In recent years, Animoca Brands has gained so much name in the world of blockchain and metaverse gaming. For this purpose, the brand has collaborated with multiple blockchain and metaverse-based companies. Animoca…
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…
Thousands of global computers have been invaded by crypto mining malware. This particular malware has been running since 2019 and is using these computers for mining the privacy coin Monero (XMR). Crypto mining malware Last Monday, a report was published by Check Point Research, which shed light on the activities of a cryptocurrency mining malware,…
A set of crypto regulations has been finalized by the government of Iran. A government official said that the administration had ratified a ‘comprehensive and detailed’ law. It is aimed at providing a regulatory framework for crypto, which includes their mining and authorized usage. Crypto regulations in Iran The Industry, Mines, and Trade Minister of…
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…
LUNA 2.0 drops 80% within hours of listing. The token is in the innovation phase on Binance, the world’s leading crypto exchange. While publishing this content, LUNA 2.0 traded at $5.75. The LUNA 2.0 went live on 28 May, and multiple wallets received the token’s airdrop. The chain started with an initial price of $0.30…
Filecoin (FIL) has declined on its charts since September 2021. Buyers haven’t triggered any trend-shifting rally for approximately nine months now. Moreover, current market sentiments are visibly favoring bears. Such cases would see FIL dropping towards all-time lows on May 12. The prevailing indications show the altcoin will likely extend the squeeze phase around the…
The Africa Blockchain Report 2021 by Standard Bank and CV VC (Crypto Valley Venture Capital) revealed that African cryptocurrency businesses experienced more venture capital in 2022 Q1 than in 2021 Q1. Compared to the same timeframe in 2021, blockchain companies in Africa raised about $91 million in 2022 Q1, translating to a 1,668% cash inflows…
Solana has currently traded inside a consolidation phase. Despite recovery outlooks on the charts, the altcoin trades around value areas last witnessed in August 2021. SOL recorded lateral price actions over the past couple of days. Presumptions are SOL would experience a trend shift following a consolidated phase. The technical picture revealed positive price movements…
The past couple of weeks had Bitcoin hitting 16-month levels as the digital asset space saw colossal sell-offs. Combined with the TerraUSD stablecoin crisis, bears remained in the front seats, and they canceled any upside attempt within no time. With the antique financial advice of dip-buying, market players might be looking for hidden gems in…
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…
A new report shows the Dogecoin competitor, Shiba Inu, primed for massive declines this year, as most market players indicate ‘sell.’ Finder, a blockchain data platform, revealed that 73% of surveyed panelists supported the narrative that investors need to sell Shiba Inu. Finder interviewed 36 financial technology experts in April. The general narrative is that…
Though Litecoin isn’t a frontrunner within the cryptocurrency world, market players know it for being present no matter the case. The alternative token remains relevant due to its minimal and expansive use case. To date, traders/investors have backed on the use cases to recover losses. Litecoin Secures New Audience Another leading Canadian company introduced Litecoin…
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…
Avalanche’s price outlook displays a bearish picture. Prices plunged towards the $37 mark. AXAX’s support sits at $36.4. Avalanche’s (AVAX) price outlook favors bears as it noted another drop within the past day. The market has maintained bearishness since May 5, 2022. The previous 24 hours saw AVAX at a loss again as bears stopped…
