The current state of the cryptocurrency market is turbulent, with investors turning to Bitcoin as a safe haven during times of uncertainty. Bitcoin’s dominance has reached a nine-week high of 57%, highlighting its appeal as a relatively stable asset compared to the more volatile altcoins. With a market sell-off causing a $110 billion loss in
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Born and raised in Edo State, Nigeria, Godspower Owie grew up among three siblings who served as his idols and mentors, shaping his understanding of life. However, it was his parents who played a pivotal role in his story, standing as the backbone of his support system. In times of both joy and adversity, they
The recent decision by the SEC to close its investigation into Ethereum 2.0 is a significant win for the Ethereum community. This determination that sales of ETH are not securities transactions comes after a letter from Consensys seeking clarity on the matter. Following the approval of ETH ETFs based on ETH being classified as a
Aayush Jindal, a prominent figure in the financial markets, boasts of an impressive career spanning over 15 years in the realms of Forex and cryptocurrency trading. His prowess in providing technical analysis has earned him the reputation of being a trusted advisor and senior market expert to investors globally. From a young age, Aayush displayed
Aayush Jindal, a well-respected figure in the world of financial markets, has accumulated over 15 years of experience in Forex and cryptocurrency trading. His journey to becoming a senior market expert and trusted advisor to investors worldwide began with a natural aptitude for deciphering complex systems and unraveling patterns from a young age. This insatiable
Bitcoin price has continued to plummet, breaking below the $64,500 level. Despite a slight correction in losses, the bears are firmly in control and are aiming for further declines in the market. Bitcoin remains in a bearish zone, trading below the $65,500 mark and the 100 hourly Simple Moving Average. Additionally, a connecting trend line
Ethereum has shown promising signs of a fresh increase from the $3,350 support zone. This marks a significant improvement in the performance of ETH compared to Bitcoin. With this upward trend, Ethereum might aim to climb further towards the $3,650 resistance level. The cryptocurrency has gained momentum from the crucial $3,365 support zone, demonstrating strength
The US Securities and Exchange Commission (SEC) has recently expressed concerns regarding Circle’s stablecoin, USDC, as the company moves forward with plans to go public through a multi-billion dollar initial public offering (IPO). Regulatory documents obtained by Barron’s on June 18 revealed that the SEC has raised issues related to the potential classification of USDC
Brazil’s Special Department of Federal Revenue is taking proactive measures to ensure that foreign crypto exchanges are complying with local regulations. The tax department will be collecting information from these exchanges to understand their operations, interactions with local service providers, and compliance with regulations introduced in 2019. Deputy Secretary of Inspection Andrea Chaves emphasized the
Recently, the Financial Supervisory Service (FSS) of South Korea clarified its role in the removal of digital assets from local cryptocurrency exchanges. Reports surfaced on June 17 alleging that the FSS had directed registered exchanges such as Upbit, Bithumb, and Gopax to assess various tokens on their platforms. This directive was in line with the
