In recent weeks, Ethereum has shown signs of a subtle recovery in the midst of a generally bearish crypto market, with the altcoin following Bitcoin’s modest uptrend. While Ethereum’s price has seen a slight increase of 0.2% over the last 24 hours, there is a parallel trend developing that could have a significant impact on
Recently, a crypto analyst known as ‘More Crypto Online’ has shared his thoughts on the future trajectory of Cardano (ADA). Contrary to the expectations of a rally, he believes that the altcoin is poised for further decline. According to the analyst, Cardano is currently in its 3-wave corrective rally based on the Elliot Wave Theory.
Cryptocurrency analyst and trader Rekt Capital recently made a fascinating discovery regarding Bitcoin’s price trend. He pointed out that the current price action of Bitcoin closely resembles that of a bull cycle that occurred eight years ago. This revelation has sparked interest among investors and analysts, as it suggests that Bitcoin may be on the
Robinhood Markets Inc. has joined the ranks of crypto trading platforms facing legal action from the Securities and Exchange Commission (SEC). The company disclosed in a Form 8-K filing that it received a Wells Notice from the SEC on May 4. The SEC staff indicated a “preliminary determination” to recommend filing a lawsuit alleging violations
In the rapidly evolving landscape of the crypto industry, regulatory oversight plays a crucial role in shaping the competitive dynamics among leading exchanges. Bitwise Investments CIO Matt Hougan recently shed light on how the current regulatory environment may inadvertently be benefiting US crypto exchange Coinbase. He suggested that the stringent regulatory requirements create an “artificial
The Friend.tech decentralized blockchain social network has experienced a sudden drop in its token value, with $FRIEND plummeting 4.3% in the last hour. This decline follows a 50% crash on its debut, indicating a rocky start for FRIEND holders. The speculative nature of the cryptocurrency market, coupled with the recent cooling enthusiasm for Bitcoin ETFs,
Robinhood’s crypto division recently found itself in hot water after receiving a Wells Notice from the US Securities and Exchange Commission (SEC) on May 4. The Gary Gensler-led Commission staff had been actively investigating Robinhood’s “cryptocurrency listings, custody of cryptocurrencies, and platform operations” before recommending an enforcement action against the company. This move led to
In recent years, there has been a significant increase in interest in metaverse commerce. This emerging trend involves the sale of physical goods through virtual platforms. The metaverse is essentially a virtual world where users can interact in real-time through avatars. It acts as a parallel universe within the internet, allowing people to socialize, play
Blockchain analytics company Elliptic has recently announced significant progress in utilizing artificial intelligence (AI) to detect money laundering in Bitcoin. Through a collaboration with researchers from the MIT-IBM Watson AI Lab, Elliptic has been able to identify illicit proceeds deposited at cryptocurrency exchanges, uncover new patterns of money laundering transactions, and identify previously unknown illegal
The surge in popularity of meme coins in the crypto market has sparked concerns among industry players regarding the regulatory environment. Chris Dixon, a general partner at Andreessen Horowitz (a16z), has questioned the US regulatory system’s approach to meme coins and their thriving existence. He highlighted the disparity between meme coins, which are primarily used