Browsing: Cryptocurrency news

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Early in the day, the VeChain (VET) market had strong bearish momentum, which successfully drove the price down to a 24-hour low of $0.01631. However, VeChain’s inclusion by Coinbase, which increased transparency across the whole crypto industry, offset the negative trend. As a result, the bulls raised the VET price to a seven-day high of $0.01857 before running into resistance. However, as of the time of publication, the bullish trend was still in control of the market, causing a 6.32% increase to $0.01799. VeChain’s upbeat attitude was considerably enhanced by the Coinbase connection, bringing in more consumers and buyers. As…

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With a focus on India specifically, Xapo Financial Institution has announced that it is expanding its operations and services in South Asia. The Gibraltar-based cryptocurrency-friendly bank offers customers a hybrid banking experience that combines traditional banking services with crypto products like Bitcoin and stablecoins. According to a press release from Xapo Bank, the bank will start accepting clients from all over South Asia, including India, as part of its efforts to expand internationally. Given the region’s rapidly expanding population and need for crypto services, the banking institution regarded it as a lucrative market. The expansion of Xapo Bank into South…

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Regulators are quite careful when it comes to digital assets all over the world. Regions like Europe, on the other hand, are concentrating on the regulatory element. On the other hand, countries like China have implemented a strict crypto crackdown. In recent research, the International Monetary Fund showed how outright prohibiting crypto assets would not be the best long-term strategy for mitigating risks. The report specifically mentioned. Although a few nations have outright outlawed crypto assets due to their hazards, this strategy might not be successful in the long run. cryptocurrency laws Instead, the international organization wished for nations to…

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Famed analyst Bluntz, known for making accurate forecasts, recently offered some fascinating information with his 223,000 Twitter followers on the possible growth of Solana (SOL), a standout competitor to Ethereum. According to Bluntz, SOL might experience a significant uptick, possibly doubling in value. Additionally, the expert spots a positive development for Bitcoin. Solana has successfully completed a three-wave Elliott wave correction sample and has bounced back from a large assist degree, according to Bluntz’s assessment. According to the Elliott Wave Concept, market trends follow a five-wave pattern, whereas corrections show a three-wave pattern. Bluntz suggests that SOL has the potential…

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Although Ethereum has not been able to hold the $1,900 level for the time being, indicators point to a bright future and a potential increase to the $2,100 level. At the time of writing, the price of Ethereum is roughly $1,877. It recently overcame the 50-day exponential moving average (EMA) resistance level but was rejected at $1,932. Despite this modest setback, it’s crucial to look at the bigger picture, with a focus on transaction costs and provide dynamics, both of which are indicators of the community’s health and investor sentiment. The quantity of declining ETH supply on exchanges is a…

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Financial watchdogs all over the world have been putting pressure on the crypto industry to comply with regulations. They have continued to grow their business in spite of this. Additionally, Crypto.com has been active, and it appears that Spain is its most recent location. The exchange recently reported on its blog that it had received a Virtual Asset Service Provider [VASP] registration from the Bank of Spain, allowing it to conduct business there. Crypto.com now has the opportunity to offer its extensive variety of products and services to customers in Spain after purchasing the VASP registration from the Bank of…

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The popular cryptocurrency and stock trading app Robinhood intends to broaden its product offering by acquiring bank card company X1. The $95 million purchase will provide Robinhood a fresh source of revenue and improve its relationships with current users. Robinhood aims to improve the ecosystem of its financial services with the aid of the income-based bank card from X1 and special options like rewards, a risk-free trial, and one-time use playing cards. Robinhood has been successful in diversified its business portfolio. As part of its continued efforts to expand outside of its primary trading platform, Robinhood has made significant headway…

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The leading cryptocurrency exchange Binance has made a risky move in the face of impending enforcement action by the US Securities and Change Fee (SEC). It has properly asked Amy Berman Jackson to prevent SEC attorneys from publicly claiming that the company and its CEO, Changpeng Zhao (CZ), had handled their American customers’ property improperly. As Binance seeks authorized safety, allegations circulate. Binance’s petition draws attention to an SEC press release in which Gurbir Grewal, the director of SEC Enforcement, claims that CZ and Binance have unrestrained control over customer property, allowing them to mix or reroute this property as they want.…

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Several altcoins have outperformed the main cryptocurrency throughout June as Bitcoin rises amid a flurry of spot Bitcoin ETF applications from major institutional players. In the previous week, Stacks (STX) experienced a spectacular 72.3% growth, followed by Pepe Coin (PEPE) and Conflux Community (CFX), which posted 67.8% and 43.8% increases, respectively. While experiencing noteworthy gains ranging from 26.6% to 38.9% growth, Kadena (KDA), Bitcoin Money (BCH), and Ordinals (ORD) also had positive developments. PEPE has soared to report a remarkable 481.92% acquisition over the past 30 days. RUNE, STX, and BCH all performed well, increasing by 81.5%, 25.9%, and 23.9%,…

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The XRP neighborhood is humming with excitement and enthusiasm on the world of digital money. Three significant occurrences are approaching that could have a significant impact on the future of XRP, the digital currency linked to Ripple. These occurrences include the resolution of the legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC), a potential increase in the price of XRP, and a potential change in the leadership of the SEC. Decision in the lawsuit: XRP’s safety standing. The ongoing legal conflict between Ripple and the SEC is at the center of the story. According to the SEC,…

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The frog-themed meme cryptocurrency Pepe (PEPE) has broken a significant milestone in the eyes of its owners. According to the official PEPE Twitter account, the cryptocurrency asset’s holding base has surpassed 125,000. There are currently 128,600 holders in total, including 121,900 on the Ethereum community, 5,700 on the BNB chain, and 997 on the Arbitrum community. Holder percentage continues to be a crucial indicator of interest in a particular crypto asset. A growing token holder base may suggest group progress and assistance, which would suggest long-term success. PEPE is a meme coin with no inherent value or financial return expectations.…

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Robert F. Kennedy, a candidate for president, recently spoke with the New York Post. In the interview, RFK Jr. talks about technology, his support for Bitcoin, and immunization. In his own words, Robert F. Kennedy Jr., “we have policies that support Bitcoin and the freedom to transact.” RFK Jr. has officially endorsed Bitcoin and other cryptocurrencies and gave a speech at the Bitcoin conference in Miami, Florida, back in May. The subject of a presidential candidate’s platform will be raised more as the cryptosphere expands in prominence and usage. RFK Jr. was the first presidential contender to accept donations in…

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Thomas Gorman, Companion at the American regulatory body Dorsey & Whitney, defended the SEC’s investigation of the cryptocurrency industry in a recent interview, asserting that all of its litigation has been “winnable.” Gorman is particularly skilled at defending clients against SEC investigations, enforcement actions, and legal white-collar securities cases. “In my opinion, Gary has a really well-organized agenda. When asked a question by Bloomberg Crypto hosts Matt Miller and Kailey, Gorman responded, “People who find themselves not listening to him are going to regret it. Gorman stated that despite the current market misunderstanding, the fundamentals of digital property have always…

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Anthony Pompliano, the founder of Pomp Investments, claims that the race to develop Bitcoin has already begun, citing BlackRock, the largest investment company in the world, which just filed a BTC spot exchange-traded fund (ETF) application. If approved, this might be the country’s first-ever crypto spot ETF. Pompliano noted that businesses and individuals are vying for a piece of the 21 million Bitcoin that are now in circulation while speaking with CNBC Anchor Brian Sullivan in the “Final Name” portion. Sullivan referred to Bitcoin as a “cool child’s factor” in the part and called BlackRock “the world’s most boring firm.”…

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In his statement at the semi-annual monetary policy hearing of the US House Financial Services Committee, Federal Reserve Chair Jerome Powell said that two additional rate increases this year would be reasonable. Powell added that policymakers anticipate higher interest rates to restrain price pressures and slow US growth. After the FED agreed to stop raising interest rates this month, Powell made the announcement. Additionally, the Federal Reserve has opted to keep interest rates in the 5% to 5.25% range they are currently at. The Federal Reserve made this decision as the first reprieve in the series of interest rate increases…

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The Ukrainian Police were able to stop a cryptocurrency fraud involving the theft of money from several online wallets owned by Ukrainians living in Canada. The thieves have been completing their unlawful activities from two name facilities that they set up on Ukrainian soil in Khmelnytskyi. According to the Ukrainian Police’s official statement, they have mostly been contacting Ukrainian citizens who have settled in Canada. In response to the investigators working on this case, the con artists hired people who spoke fluent English and required them to undergo official training for deceiving the potential victims. The basic strategy was to…

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Despite the ongoing conflict between the SEC and the major cryptocurrency exchanges, analysts believe that bitcoin trading will continue for some time to come. Every day, new projects join the coin market, each of which offers the market new possibilities. Uwerx is a brand-new challenge that will soon hit the market and has features that analysts think might make it one of the biggest challenges out there. Continue reading as we examine the market changes for Chiliz (CHZ) and Fantom (FTM) following the SEC complaint. We will also discuss the success of Uwerx’s presale and the advantages of investing. Chiliz…

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A crypto specialist said on Twitter yesterday that, in the wake of the market leader’s most recent recovery, the price of Bitcoin (BTC) might increase in the range of $36,000 to $40,000. This transfer was predicted by this expert as early as December 2022. Meanwhile, Samson Mow, the CEO of a number of cryptocurrency projects, gave his personal opinions on the future of bitcoin in a separate tweet. As a result of “hyperbitcoinization,” which has the potential to get billions of people onto a Bitcoin Standard, Mow predicted in a tweet that the value of BTC may eventually experience fewer…

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Tether announced that it would soon debut its stablecoin on Kava that is pegged to the US dollar. It is a layer-1 blockchain that aids partners in claiming the speed and scalability they sorely require. The stablecoin for Tether, USD, was last observed trading just above the $1 threshold. The launch will take place on July 3, 2023, according to a statement from Team Tether. They admit that Kava serves as a portal to the cosmos’ ecosystem. The layer-1 blockchain is recognized with having experienced no security issues during the previous four years. According to Paolo Ardoino, the Chief Technical…

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The world’s most valuable cryptocurrency by market cap, Bitcoin, has experienced a remarkable rise, surpassing the $30,000 price mark for the first time since April 19. Legendary trader John Bollinger saw the significant increase and noted, “The primary sample failed, but the second did not,” in reference to the velocity of the cryptocurrency. According to Bollinger’s analysis, there is potential for Bitcoin to continue moving upward. Dave the Wave contributed to the conversation on the turbulence of the stock. His tweet provided analysis of Bitcoin’s monthly shifting common convergence divergence (MACD), which after nearly two years showed a bullish recross.…

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