In the ever-evolving landscape of cryptocurrency, market fluctuations often hinge on the performance of leading players like Bitcoin (BTC) and Ethereum (ETH). Recent trends observed this week, however, indicate that altcoins might be ready to reclaim the spotlight, demonstrating resilience amid overarching market skepticism. Following notable declines, with Bitcoin dropping to around $55,500 and Ethereum
In a significant move for the cryptocurrency market, Coinbase, one of the largest cryptocurrency exchanges in the United States, has unveiled its new Wrapped Bitcoin product, known as cbBTC. This launches a new chapter for Bitcoin enthusiasts, as it transitions to a more versatile asset that bridges the gap between traditional Bitcoin holdings and decentralized
The ongoing scrutiny of the Securities and Exchange Commission (SEC) has reached a new level, leading to a joint investigation initiated by several Republican lawmakers. This inquiry casts a shadow over the agency’s hiring practices and raises questions about its commitment to impartial regulatory oversight. On September 11, a letter from key committee leaders, including
eToro, a prominent trading platform, has announced significant changes to its operations in the wake of a $1.5 million settlement with the U.S. Securities and Exchange Commission (SEC). This decision, which affects the availability of digital assets for U.S. customers, stems from the SEC’s investigation that uncovered eToro’s offering of crypto assets classified as securities
In a significant move anticipated to reshape the landscape of cryptocurrency trading in the U.S., eToro, a popular financial services firm known for its user-friendly platform, will soon halt trading of nearly all cryptocurrencies. This revelation comes on the heels of a stern directive from the U.S. Securities and Exchange Commission (SEC), which has identified
The cryptocurrency market has witnessed no shortage of volatility in recent months, particularly with Bitcoin, the flagship asset of the crypto world. After exhibiting a distressing bearish trend for the entirety of last month, early indications of recovery have surfaced this week. While this uptick offers a breath of fresh air to investors, it is
The crypto community is once again abuzz with speculation following the recent redemption of 177,693 Solana (SOL) tokens, worth approximately $23.75 million, from a wallet tied to the defunct FTX exchange and its sister company, Alameda Research. This transaction, highlighted by blockchain analytics firm PeckShield, signals a possible selloff and raises questions about the future
The Commodity Futures Trading Commission (CFTC) has recently taken a stand against the surge in crypto scams known as “pig butchering” by partnering with federal and private organizations. These scams have resulted in billions of dollars in losses due to a lack of awareness and understanding among consumers. The CFTC’s campaign focuses on arming consumers
In a recent YouTube video, Benjamin Cowen, the founder of ITC Crypto and a prominent crypto analyst, has made some striking predictions regarding the future price movements of Ethereum. Cowen has drawn a potential correlation between the price declines of Ethereum and the rising unemployment rates in the United States. Historically, Ethereum has seen price
The acquisition of a Physical Crypto Asset Trader (PFAK) license by Tokocrypto, a subsidiary of Binance, from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) has marked a significant milestone for the exchange. This development positions Tokocrypto as the third exchange in Indonesia to receive the PFAK license, out of a total of 35 prospective crypto
