Bitcoin, the leading cryptocurrency, has found itself in a precarious position as it grapples with a recent price retracement from its peak of $66,000. Currently trading approximately 4% lower, Bitcoin is still hovering around a significant level of $63,000, which may offer a lure for bullish investors. However, the potential for a more profound correction
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As the landscape of cryptocurrency continues to evolve, regulatory bodies face the challenge of determining how to apply traditional financial laws to digital assets. Recently, the U.S. Securities and Exchange Commission (SEC) decided to pursue an appeal against Ripple Labs in what has become a landmark case for the crypto industry. Filed on October 2
In the ever-evolving landscape of financial trading, few have left as significant an impression as Aayush Jindal. With over 15 years of dedicated experience in Forex and cryptocurrency trading, Aayush has emerged as an influential figure whose insights resonate across the globe. His technical analysis skills are not merely a tool but an art form
In the ever-evolving world of cryptocurrencies, Bitcoin remains at the forefront of investor attention and market speculation. As we navigate through September, Bitcoin’s market value has shown signs of volatility, culminating in its position just below the critical $65,000 threshold. The fear and greed index, a barometer for market sentiment, has oscillated back from greed
In a landmark ruling, the United States Court of Appeals for the District of Columbia Circuit declared that prediction markets permitting betting on U.S. elections are legitimate. This decision, rendered on October 2, comes after a significant challenge posed by the U.S. Commodity Futures Trading Commission (CFTC). The regulator sought an emergency administrative stay against
In a significant development within the cryptocurrency landscape, Gemini announced its decision to halt operations in Canada by December 31, 2024. This decision was communicated to customers via an email on September 30, indicating that all accounts would be closed, and users are advised to withdraw their assets within the next 90 days. Such a
In an announcement on October 1, Ripple achieved a crucial milestone by receiving in-principle approval from the Dubai Financial Services Authority (DFSA). This endorsement positions Ripple as the inaugural blockchain-based payment service provider to obtain a license from the DFSA, paving the way for new prospects within the United Arab Emirates (UAE). This accomplishment not
As the calendar flipped to October, Bitcoin entered the month with a starkly negative performance, shaking the expectations of many investors. Having experienced significant price gains in the weeks leading up to this transition, the cryptocurrency faced abrupt setbacks as September wrapped up. Investors were ample in their optimism that October would set the stage
The landscape of financial technologies is rapidly evolving, with distributed ledger technology (DLT) at the forefront of this transformation. In the UK, the Financial Conduct Authority (FCA) and the Bank of England have taken significant steps to harness this innovation through the launch of the Digital Securities Sandbox (DSS). This initiative is poised to revolutionize
In a move that has stirred considerable discussion in the cryptocurrency community, Kraken, one of the leading cryptocurrency exchanges, has announced its decision to cease support for Monero (XMR) in the European Economic Area (EEA). This decision, set to take effect on October 31, 2024, comes in response to evolving regulatory requirements in Europe. According
