In an effort to regulate the rapidly expanding crypto industry, the European Banking Authority (EBA) has introduced comprehensive guidelines concerning recovery plans for asset-referenced tokens (ARTs) and e-money tokens (EMTs) under the Markets in Crypto-Assets (MiCA) regulation. The guidelines aim to ensure the stability and reliability of these digital tokens by setting out strict requirements
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Coinbase recently raised concerns over the SEC’s proposed $2.6 billion budget for the 2025 fiscal year. A representative from Coinbase highlighted the lack of focus on real crypto rulemaking and regulatory clarity, criticizing the emphasis on enforcement rather than creating workable regulations. This critique stems from the SEC’s history of using a significant portion of
The recent price crash in Bitcoin, dropping from $69,000, has left many investors uncertain about the cryptocurrency’s future. However, according to analyst CryptoCon, the Bitcoin price is still holding strong above $67,000, indicating bullish sentiment in the market. The analysis suggests that Bitcoin is gearing up for a significant price jump, with potential for further
The Commodity Futures Trading Commission (CFTC) Chair, Rostin Behnam, recently expressed confidence in the agency’s ability to take on more responsibilities related to cryptocurrency markets. During a hearing before the Senate Committee on Appropriations, Behnam dismissed concerns that the CFTC might be overextending itself by expanding its authority to cover crypto commodities. He emphasized that
The Bitcoin market is currently experiencing a shift in investor behavior, with short-term traders entering the scene in large numbers. According to a recent report by Bitfinex Alpha, there has been a significant increase in the number of short-term holders in the market, with holdings rising by nearly 55% since January. This surge in speculative
Bitcoin’s price saw a significant increase above $68,500, even testing $70,000, before experiencing a major bearish reaction. The cryptocurrency started to decline from the $70,000 resistance zone and is currently trading below $68,550 and the 100 hourly Simple Moving Average. There is a connecting bullish trend line with support at $67,500 on the hourly chart
The aftermath of the $4.5 billion SEC settlement involving Terraform Labs has left Terra in a state of transition. Terraform Labs CEO Chris Amani announced that Terra will now become a community project as the company prepares to wind down its operations. Amani emphasized the importance of the community taking over ownership of the chain,
Crypto analyst Dave the Wave has recently provided a bullish narrative for Bitcoin, despite the recent setback in its price. He suggested that based on his logarithmic growth channel (LGC) indicator, Bitcoin could potentially rise to as high as $300,000 in the long term. Looking at the chart he shared, it is expected that this
XRP, like many other cryptocurrencies, has been experiencing a rollercoaster ride in terms of market volatility. Recently, the digital asset saw a temporary uptick in its price after facing a prolonged period of downward pressure. This temporary recovery has sparked some hope among traders and investors, but the overall market conditions remain turbulent and uncertain.
In a recent development, the Zimbabwean government has taken a proactive step in understanding and regulating the virtual asset industry in the country. A committee has been set up to collect data from crypto companies operating within Zimbabwe. This initiative aims to provide a detailed insight into the size and scope of the crypto industry