The US Securities and Exchange Commission’s (SEC) controversial Staff Accounting Bulletin 121 (SAB 121) is facing potential obstacles due to an upcoming House Appropriation budget. According to FOX Business reporter Eleanor Terrett, the budget includes a policy rider that prohibits the SEC from using appropriated funds to implement or enforce SAB 121. This could significantly
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The cryptocurrency market is eagerly anticipating a bull run later this year, with Bitcoin and altcoins already showing signs of responding positively. Crypto analyst, Crypto Emily, has shared her predictions regarding the price movements of six major cryptocurrencies, providing insight into what the future may hold for investors. Crypto Emily’s analysis begins with Bitcoin, the
Venture capitalist Chamath Palihapitiya has made a bold prediction regarding the future of Bitcoin. He believes that the cryptocurrency could skyrocket to an unprecedented price of $500,000. This ambitious forecast is based on Bitcoin’s fourth halving cycle, which took place on April 20, 2024. Palihapitiya has conducted an in-depth analysis of historical halving cycles and
XRP price has shown signs of a gradual upward trend from the $0.5080 zone, indicating a potential bullish momentum if it manages to break above the $0.5250 resistance level. The cryptocurrency is currently making efforts to surpass the $0.5120 zone and is trading above $0.5150 along with the 100-hourly Simple Moving Average. A significant development
XRP has been a cause for concern among investors due to its stagnant price movement. Despite the significant bull markets in recent years, XRP has failed to show significant growth. Many have lowered their expectations for this altcoin, but one analyst believes that there may be hope on the horizon. Crypto analyst CryptoManiac101 recently shared
Recently, Ethereum has been facing a downward trend in its price, struggling to maintain above the $3,840 support level. The cryptocurrency has failed to show significant bullish momentum, with the price trading below both the $3,840 mark and the 100-hourly Simple Moving Average. This lack of bullish movement has raised concerns among investors and traders
Binance, one of the world’s leading cryptocurrency exchanges, has announced its decision to limit the availability of “unregulated stablecoins” in the European Union by June 30. This move is in alignment with the upcoming Markets in Crypto-Assets Regulation (MiCA), which is set to have a significant impact on the stablecoin market in the EEA. Binance’s
The crypto industry has been facing a lack of regulatory clarity for years, hindering its growth and development. In a recent blog post titled “How to get regulatory clarity for crypto,” Coinbase CEO Brian Armstrong called for a united effort to secure regulatory clarity by electing pro-crypto candidates and voting out anti-crypto incumbents. The Importance
Despite the recent decline in the price of Bitcoin below the $70,000 mark, crypto analyst Peter Brandt remains optimistic about the future of the pioneer cryptocurrency. According to Brandt’s blog post released on June 2, he predicts that Bitcoin could reach its peak in the current bull cycle with a price surge between $130,000 to
Recently, a user who goes by the name “来日方长” (The Future is Long) revealed a troubling security breach involving their OKX account. The user reported a loss exceeding $2 million as scammers were able to obtain all his personal information through Telegram. This allowed the attackers to access his email account, initiate a password reset,