Despite a brief uptrend pushing XRP above $0.50, the cryptocurrency has experienced a mild decline in the past 12 hours. However, this movement managed to eliminate its weekly losses, positioning XRP as the only top cryptocurrency in the green within the same time frame. There has been a surge in open interest (OI) surrounding XRP,
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Crypto analyst and trader Tyler Durden recently expressed his strong bullish sentiment towards Ethereum (ETH). He emphasized that the rise of ETH to $10,000 was inevitable and that traders should align themselves with this upward trend. Durden highlighted in a social media post that betting on Ethereum reaching $10,000 was the most asymmetric play in
The Founder and Chief Investment Officer of Ikigai Asset Management, Travis Kling, recently shared his insights on the current state of Bitcoin and the broader cryptocurrency ecosystem. Kling highlighted that Bitcoin is currently about 10% off its all-time highs and noted that the timeline appears to be on the verge of cannibalism. Despite the NASDAQ
Born and raised in Edo State, Nigeria, Godspower Owie credits his upbringing to the strong influence of his three siblings. From a young age, they served as his idols and mentors, guiding him through life’s complexities and teaching him valuable lessons along the way. However, it is his parents that he describes as the true
The rise of Bitcoin-based NFTs has been nothing short of impressive, with the network now ranking third in all-time sales behind only Ethereum and Solana. Data from the NFT tracker CryptoSlam reveals that Bitcoin NFTs have reached a total sales volume of $4.29 billion, surpassing the previous record held by the Ronin blockchain. This achievement
The recent turbulence in the cryptocurrency market has led to a significant change in investor behavior. Bitcoin, traditionally considered the safest asset in the digital currency ecosystem, has seen a surge in dominance, reaching a nine-week high of 57%. Altcoins, on the other hand, have suffered the most in the market sell-off, with projects like
The recent announcement by the SEC regarding Ethereum 2.0 has brought about a significant shift in the cryptocurrency market. The SEC has closed its investigation into Ethereum 2.0 and has determined that sales of ETH are not securities transactions. This decision follows a letter from Consensys seeking clarity on the classification of ETH, which was
The US Securities and Exchange Commission (SEC) has expressed apprehensions over the status of Circle’s stablecoin, USDC, as the company moves forward with plans to go public in a multi-billion dollar initial public offering (IPO). This information was reported by Barron’s on June 18, citing regulatory documents that shed light on the SEC’s concerns regarding
Recently, there have been reports circulating about the Financial Supervisory Service (FSS) of South Korea instructing registered crypto exchanges to evaluate the tokens listed on their platforms. This directive is in line with the Virtual Asset User Protection Act, which requires exchanges to adhere to strict compliance measures and regularly assess the tokens they list.
Recently, Brazil’s Special Department of Federal Revenue announced that they will begin collecting information from foreign crypto exchanges in order to ensure that their operations are in compliance with local regulations. This move comes as a response to the need to regulate the growing crypto market in the country. The Deputy Secretary of Inspection, Andrea