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Recently, the price of XRP has experienced a significant drop from $0.66 to around $0.56. This decline has raised concerns within the cryptocurrency community, with many speculating about the potential for further downtrend. The bearish pattern observed on the XRP/BTC pair has added to the pessimism, indicating a possible continuation of the negative trend. Veteran
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Recently, crypto exchange Coinbase has been under fire for allegedly breaching campaign finance laws. The controversy arose when crypto researcher Molly White raised concerns about a $25 million donation made by Coinbase to Fairshake, a crypto Super Political Action Committee (PAC). These allegations have sparked a debate about the legality of the donation and its
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In an exclusive interview, Joey Garcia, the Director and Head of Regulatory Affairs at Xapo Bank, shared his extensive experience and insights into the evolution of cryptocurrency regulation. Garcia’s journey began in 2014 when he was approached by Wences Casares to establish a regulatory framework for cryptocurrencies in Gibraltar. Despite initial challenges and resistance, Garcia
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The recent performance of Ethereum has not been particularly impressive, with a 3% loss in the past week. The inability to maintain support at $3,300 has shifted the current support level to $2,800. This downward trend has been exacerbated by a bearish market sentiment, as indicated by the MACD and RSI indicators. Sellers are currently
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The decentralized finance (DeFi) sector has been experiencing a resurgence, with notable growth in key metrics such as active loans and total value locked (TVL) from their lows in 2023. DeFi lending, a crucial aspect that allows investors to lend their crypto assets in exchange for interest, serves as an important indicator of DeFi participation
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Coinbase, the leading cryptocurrency exchange, has reported a total revenue of $1.449 billion for the second quarter, surpassing market expectations. This marks a significant increase from its revenue of $674.1 million during the same period last year. However, despite the positive revenue growth, total revenue actually saw an 11% decline quarter-over-quarter. In terms of net
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