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Analyzing Ethereum: Key levels to monitor in technical assessment
21.11.2023
Technical analysis is pivotal in cryptocurrency trading, furnishing invaluable insights for traders navigating the volatile waters, particularly in futures trading scenarios. With Ethereum’s present valuation at $1938, comprehending the nuances of technical analysis becomes indispensable...
Kraken faces charges by the SEC for unregistered operations
21.11.2023
The US Securities & Exchange Commission, also known as the SEC, has charged Kraken for offering services that were not registered under law. Kraken Inc. and Kraken Ventures Inc. allegedly have been found engaging in functions of securities exchange, dealer, broker, and clearing agency. This...
Bittrex Global is winding down its operations
21.11.2023
Bittrex Global has announced that it will wind down its operations effective December 4, 2023, at 18:00 UTC. The venture has urged its users to log in to their accounts and withdraw funds as soon as possible. That is the last date and time for customers to trade assets, following which...
Dogecoin Price Prediction as $1 Billion Trading Volume Comes In – Are Whales Buying the Dip?
21.11.2023
The Dogecoin price has dropped by 5% in the past 24 hours, slipping to $0.077208 as the cryptocurrency market as a whole barely moves today. Despite the dip, DOGE has risen by 2.5% in the past week and by 27% in the last 30 days, with the meme token up by 10% since the beginning […]
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Centralized Provider Problem Causes Nationwide Digital Payment Meltdown in Spain: Users Turn to Crypto and Cash
21.11.2023
A problem with Redsys, a third-party platform used in all of Spain, caused a meltdown for almost all of the digital payment options in the country, leaving citizens without means of payment for hours. The incident left stores without the possibility of using credit and debit cards for receiving...
Crypto community responds to Kraken lawsuit, Deaton slams ‘dishonorable’ Gensler
21.11.2023
The crypto community, including prominent industry lawyers and U.S. Senator Cynthia Lummis, is sounding off about the new lawsuit filed by the U.S. SEC against cryptocurrency exchange Kraken
Tencent, Huawei Make Bold Moves in Web3 Amid China’s Crypto Constraints
21.11.2023
Source: LT/Adobe Tencent and Huawei, two major Chinese tech giants, are making notable strides in the Web3 space despite the country’s stringent regulations on cryptocurrency trading. At the Staking Summit in Istanbul, a two-day conference featuring top minds in proof-of-stake (PoS)...
SEC Sues Kraken: Crypto Exchange Plans to ‘Vigorously Defend’ Its Position in Court
21.11.2023
The U.S. Securities and Exchange Commission (SEC) has sued cryptocurrency exchange Kraken for the second time this year, alleging that the crypto trading platform operates as an unregistered securities exchange, broker, dealer, and clearing agency. Kraken disagreed with the securities...
Senator Cynthia Lummis Slams SEC for its “Ruling by Enforcement” Approach Following Kraken Lawsuit
21.11.2023
Source: Sen. Cynthia Lummis’ website Senator Cynthia Lummis has criticized the Securities and Exchange Commission (SEC) for its current approach to cryptocurrency regulation. In a recent post on X (formerly Twitter), the senator accused the agency of relying on a “ruling by enforcement”...
Bitcoin Price Prediction: BTC Surge Over $37,000 Amid Record Transactions
21.11.2023
In a remarkable turn of events, Bitcoin’s price surged to $37,444, marking nearly 1% increase on Tuesday, signaling robust investor confidence and market dynamics. This notable ascent coincides with significant developments in the cryptocurrency sphere, including Tether’s unprecedented...
How does XRP bridge the gap in global financial transactions?
21.11.2023
In recent years, XRP has revolutionized the world of global financial transactions due to various outstanding and appealing features such as blazing-fast speed in executing transactions, improved profitability for investors, etc. As a notable and fast-thriving digital asset, the way XRP makes...
SEC Accuses Kraken of Operating Unregistered Platform, Kraken Responds
21.11.2023
Source: Kraken The U.S. Securities and Exchange Commission (SEC) has initiated legal proceedings against the cryptocurrency exchange Kraken, claiming it has been operating an unregistered securities trading platform. The SEC filed the lawsuit in North District of California against the parent firms...
Singapore Unveils Plan to Ensure Seamless Financial Transactions Across Digital Asset Networks
21.11.2023
The Monetary Authority of Singapore’s managing director has outlined the central bank’s plan to ensure seamless financial transactions across digital asset networks. “Currently, there is a proliferation of digital asset networks,” the head of Singapore’s central bank said....
Binance Faces $4 Billion Demand From US Justice Department to Settle Criminal Case: Report
21.11.2023
Cryptocurrency exchange Binance is reportedly facing a $4 billion demand from the U.S. Department of Justice (DOJ) in order to settle a criminal case. The Justice Department has been investigating Binance on allegations related to money laundering, bank fraud, and sanctions violations. US DOJ Wants...
Blockchain Association files support in suit to lift Tornado Cash sanctions
21.11.2023
The crypto advocacy group said OFAC must act within its statutory authority by sanctioning bad actors, not open-source software tools
Tether Freezes $225 Million in USDT After DOJ Investigation, Calling It ‘Largest-Ever Freeze of USDT’
21.11.2023
Tether has announced the “largest-ever freeze of USDT in history.” In collaboration with crypto exchange Okx, Tether froze $225 million in USDT following an investigation by the U.S. Department of Justice (DOJ). The tokens were allegedly linked to an international human trafficking...
Bitcoin Achieves Lifetime Record With Over 710,000 Daily Transactions Confirmed on Sunday
20.11.2023
On Sunday, November 19, 2023, Bitcoin achieved a historic milestone, registering the highest number of daily transactions ever confirmed within a 24-hour span. A significant 710,579 transfers were confirmed by miners that day, including a significant portion of 475,249 Ordinal inscriptions. Bitcoin...
Celsius’ Path to Recovery Hindered by SEC Challenges: Report
20.11.2023
Source: Pixabay Bankrupt cryptocurrency lending company Celsius’ recovery plan has hit a road block with the US Securities and Exchange Commission. Coindesk reported on Monday that the SEC wants more information about the bankrupt crypto lender’s assets, citing a source familiar with the matter....
Dfinity Foundation and Singularitynet Partner to Transform Decentralized AI with Blockchain Integration
20.11.2023
The Dfinity Foundation and Singularitynet have announced an initiative to merge the Internet Computer blockchain with Singularitynet’s marketplace. This collaboration aims to transform the accessibility and transparency of decentralized large language models. By integrating these advanced...
Bittrex Global announces all trading will be disabled as it winds down operations
20.11.2023
The announcement came roughly nine months after U.S.-based crypto exchange Bittrex said it would shutter operations in response to the country’s regulatory environment