Cryptocurrency firms are showing a reluctance to operate in the UK due to burdensome regulatory processes, leading to a significant drop in registration applications with the Financial Conduct Authority (FCA). Law firm Reed Smith’s analysis revealed that the past three years have seen a drastic decrease in applications, with only 29 received between May 2023
BNB is currently facing increasing bearish pressure, indicating a potential drop towards the $500 mark. The cryptocurrency is struggling to break free from the downward trend, leaving investors wondering about its future trajectory. Delving into the technical indicators and market sentiment can provide insight into whether BNB will be able to overcome these challenges or
Aayush Jindal is not just another name in the financial markets; he is a luminary whose expertise has been honed over 15 years of dedicated service in the realms of Forex and cryptocurrency trading. From a young age, Aayush displayed a natural aptitude for unraveling complex systems and deciphering patterns, setting the stage for his
Bitcoin price has remained relatively stable above the $58,500 support zone, showcasing a sense of resilience in the face of market fluctuations. However, the struggle to break through key resistance levels has hindered any significant upward movement in price. BTC has faced challenges in surpassing the $60,200 and $61,500 resistance levels, leading to a stagnant
Ethereum has been experiencing a difficult time trying to break above the $2,600 resistance zone. Despite starting a recovery wave from the $2,400 mark, ETH is struggling to gain momentum in order to make a significant move above this crucial level. One positive aspect is the break above a key bearish trend line with resistance
Recently, Telegram CEO Pavel Durov found himself in legal hot water, being charged with multiple offenses by the Paris Judicial Court. These charges include serious allegations such as complicity in managing an online platform used for illegal transactions by organized crime groups, money laundering, and failure to cooperate with authorities by providing necessary information. As
The recent announcement by OpenSea CEO, Devin Finzer, regarding the Wells Notice received from the US Securities and Exchange Commission (SEC) has sent shockwaves through the NFT community. The SEC’s classification of NFTs as securities has raised concerns about the future of digital art and collectibles. Finzer’s statement expressing surprise at the SEC’s actions highlights
Cryptocurrency exchanges Binance and Bybit have recently teased the launch of new products related to Solana, hinting at a possible entry into the Solana liquid staking market. Binance’s official X account shared a mysterious message “BNSOL” followed by “coming soon,” while Bybit introduced a new product “bbSol” on its platform. The lack of specific details
Bitcoin price has entered a consolidation phase near the $58,500 level after testing the $58,000 zone and experiencing a minor recovery. The current price is below $62,000 and the 100 hourly Simple Moving Average, indicating a bearish sentiment in the market. A major bearish trend line is forming with resistance at $60,200 on the hourly
The recent decline in Ethereum’s price has been significant, with the cryptocurrency trading below $2,550 and the 100-hourly Simple Moving Average. This downward trend has raised concerns among investors and traders alike, as ETH struggles to maintain its value in the volatile crypto market. Despite a minor recovery wave above the $2,420 and $2,440 levels,