Ethereum is at a pivotal juncture, experiencing a state of prolonged consolidation just beneath key resistance thresholds. Over the past week, the cryptocurrency has been trading within a tight price range of approximately $2,650 to $2,750. This stagnation has fostered a growing sense of uncertainty among traders and investors, as ETH seems to struggle to
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In a decisive move reflecting the European Union’s ongoing efforts to curb financial flows supporting Russia’s military operations, Garantex, a crypto exchange based in Russia, has become the focus of targeted sanctions. Announced on February 24, as part of the EU’s 16th sanctions package in response to the Ukraine crisis, this action highlights the growing
In a pivotal moment for the cryptocurrency industry, Robinhood Crypto has unveiled that it is no longer under investigation by the U.S. Securities and Exchange Commission (SEC). Authorities decided to close the inquiry on February 21, 2024, signaling a notable shift in the regulatory landscape. The SEC’s decision not to pursue enforcement actions against Robinhood
The rapid evolution of digital assets is reshaping the financial landscape, igniting discussions among regulators, banks, and other stakeholders about the future of these digital currencies. The ongoing debate highlights the critical balance between regulation and innovation in the financial sector. Recently, a coalition of influential banking organizations has made a compelling case before the
Cardano (ADA) finds itself at a precarious position, hovering just below the crucial $0.80 mark. The cryptocurrency has recently endured significant volatility, coupled with a palpable selling pressure that has affected investor sentiment. However, beneath this bear market façade lies a sense of cautious optimism as investors speculate about a potential rebound. In the larger
In the realm of blockchain technology, Berachain is making headlines with its remarkable rise within a mere 20 days post its Mainnet launch. As an Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain, Berachain has quickly established itself as a formidable player in decentralized finance (DeFi). Surpassing established competitors like SUI, Avalanche, and Arbitrum, Berachain achieved
Citadel Securities, a significant player in the financial markets, is reportedly setting its sights on the burgeoning world of cryptocurrency market making. According to a recent Bloomberg News report, the firm is exploring opportunities to enhance liquidity on well-known cryptocurrency exchanges such as Coinbase, Binance, and Crypto.com. This strategic move appears to be aimed at
The recent security breach at the stablecoin bank Infini has sent shockwaves through the cryptocurrency community. With over $49 million in USDC stolen, the incident not only highlights vulnerabilities in decentralized finance (DeFi) but also serves as a cautionary tale about the importance of robust security protocols. On-chain tracking platforms revealed that the breach stemmed
As Bitcoin continues to navigate the complexities of the cryptocurrency market, analysts hold mixed views about its near-term trajectory. The volatility inherent in crypto trading has placed Bitcoin in a precarious position, which has led experts, including crypto analyst Hamed_AZ, to present a spectrum of possibilities. Notably, the sentiment among multiple analysts leans towards the
Recently, Bitcoin’s value has experienced a notable decline, slipping below the crucial 100-day moving average, now situated at $98,000. This downturn is raising eyebrows as it inches closer to the pivotal support level of $95,000. Such a movement is often indicative of increased selling pressure, but what makes the current situation particularly intriguing is the