France has been known as a hub for crypto businesses over the past decade, attracting giants like Binance and Crypto.com to set up their European headquarters in the country. This is largely due to favorable tax rates, a talented workforce, and clear regulations in the crypto sector. However, with the recent French elections and increasing
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The recent cancellation of Meta’s next-gen mixed-reality headset has sent shockwaves through the tech community. CEO Mark Zuckerberg and other executives made the decision to halt the development of the headset due to high costs associated with advanced OLED display technology. This move raises the question: was this cancellation a necessary strategic decision or a
The recent charges filed by the US Securities and Exchange Commission (SEC) against crypto lending firm Abra highlight the company’s failure to register its crypto asset lending product, Abra Earn. This oversight led to Abra selling nearly half a billion dollars of securities to US investors without complying with registration laws. The lack of transparency
The US Securities and Exchange Commission has pushed back against Hex founder Richard Heart’s efforts to have the $1 billion securities fraud lawsuit against him dismissed. The SEC argued, in a brief filed in a New York federal court, that Heart’s motion to dismiss does not adequately address the allegations in the complaint and disregards
Recently, crypto analyst @XForceGlobal shared a new video chart analysis focusing on Cardano (ADA), a cryptocurrency that many are currently overlooking as a “dinosaur coin.” In the analysis, XForceGlobal provided an in-depth look at Cardano’s current position within the Elliott Wave cycle, suggesting that ADA is on the brink of entering a strong upward phase
In the wake of Pavel Durov’s arrest in France over the weekend, a surge of celebrities and well-known public figures have come forward to show their support for the embattled entrepreneur. The list of supporters includes high-profile names such as Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson. Durov’s arrest in France on
Cardano, one of the leading cryptocurrencies in the market, has announced a delay in the highly anticipated Chang hardfork to September 1, 2024. This decision has been made to allow major platforms like Binance more time to prepare for the upgrade. Founder Charles Hoskinson mentioned that while the Chang upgrade is technically ready, giving additional
Ethereum (ETH) appears to have weathered the storm, with key metrics pointing towards a potential new all-time high on the horizon. According to data from Glassnode, Ethereum’s market value to realized value (MVRV) currently sits at its lowest pricing level of $1,687. This suggests that the worst may be over for the second-largest cryptocurrency by
Bitcoin Exchange-Traded Funds (ETFs) have been on a remarkable streak recently, with over $500 million flowing into the largest US-based products in the last trading week. On the contrary, Ethereum ETFs are facing challenges, characterized by low trading volumes and frequent withdrawals. The beginning of the month was rocky for spot Bitcoin ETFs, as they
In the volatile world of cryptocurrencies, it is not uncommon for market corrections to trigger panic among investors. The recent Bitcoin crash below $50,000 on August 5 is a prime example of this phenomenon. Many short-term holders, defined as investors who hold onto their assets for a brief period, were quick to liquidate their positions
