Bitcoin has experienced a notable amount of selling pressure in the past week, leading to a decline in its value by almost 5% according to data from CoinGecko. This bearish pressure has caused the price of the premier cryptocurrency to drop to around $65,000 on Friday, June 14th, marking its lowest level in nearly a
The SEC commissioner Mark Uyeda recently expressed his acknowledgment of the potential benefits associated with asset tokenization, including the tokenization of securities. According to Uyeda, representing asset rights with a digital token on a blockchain can offer enhanced security, transparency, and immutability. Moreover, he highlighted that tokenization eliminates the need for intermediaries, streamlining transactions and
The New York Attorney General’s (NYAG) office recently announced the conclusion of its settlement with Gemini, the cryptocurrency exchange, resulting in the recovery of $50 million for users affected by the defunct Gemini Earn program. As part of the settlement, users will receive the recovered funds in their accounts without the need for any further
Leading crypto analyst TechDev has recently provided valuable insights into the future trajectory of Bitcoin. According to TechDev, Bitcoin has not yet reached its full potential in the current market cycle, indicating that more price surges are on the horizon for the flagship cryptocurrency. In a recent social media post, TechDev highlighted the importance of
XRP price recently failed to maintain above the crucial support level of $0.4840. This resulted in a decline in price, testing the $0.4750 support zone. Currently, XRP is trading below the $0.4880 level and the 100-hourly Simple Moving Average. Additionally, there is a bearish trend line forming with resistance at $0.4880 on the hourly chart
Dogecoin is currently displaying bearish signs below the $0.150 resistance zone against the US Dollar. The price is struggling to maintain its position above key support levels, indicating a potential downtrend in the near future. The price of DOGE is currently trading below the $0.1450 level and the 100-hourly simple moving average. Additionally, there was
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
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
