The Commodity Futures Trading Commission (CFTC) Chair, Rostin Behnam, recently expressed the agency’s willingness to take on a more significant role in regulating cryptocurrencies during a Senate Agriculture Committee hearing. The discussion, which took place on July 10, focused on the CFTC’s push for expanded regulatory powers. Senator Roger Marshall raised the question of whether
A crypto analyst known as ‘DonAlt’ has made a bold prediction regarding the future of Bitcoin, foreseeing a surge in its price to $100,000 in the coming years. This optimistic outlook is supported by the increasing inflows into Spot Bitcoin ETFs and various forecasts indicating an impending bull run for the cryptocurrency market. Other market
The formation of the Blockchain Security Standards Council (BSSC) by industry giants like Kraken, Coinbase, and Fireblocks is a significant step towards enhancing security within the crypto sector. The aim of this nonprofit organization is to establish uniform security standards across the industry to address pressing security threats such as fraud, cyberattacks, and protocol exploitation.
The Markets in Crypto-Assets (MiCA) regulation introduced by the EU has sent shockwaves throughout the digital asset market. This new regulation is not only affecting companies within the EU but is also having a global impact on firms involved in Euro transactions. With stablecoin rules already in effect since June, companies are scrambling to adapt
Aayush Jindal, a prominent figure in the financial markets, has amassed over 15 years of experience in Forex and cryptocurrency trading. His journey began at a young age, where he demonstrated a natural aptitude for decoding complex systems and patterns. With an insatiable curiosity for market dynamics, Aayush embarked on a path that would eventually
Over the weekend, Bitcoin experienced a significant drop in price, falling below $60,000 due to rapid selling by major holders such as the German and US governments. This resulted in one of the largest drops seen for the cryptocurrency in the last two years, causing the market to lose billions of dollars. Despite this, Bitcoin
Bitcoin is currently experiencing a slow but steady increase in price, hovering above the $56,500 level. However, the key resistance zone at $58,500 is proving to be a major hurdle for any significant bullish momentum. The price has managed to climb above $57,000 and is currently trading above the 100 hourly Simple Moving Average. A
Aayush Jindal is a prominent figure in the world of financial markets, boasting over 15 years of experience in Forex and cryptocurrency trading. His expertise in technical analysis and chart interpretation has made him a sought-after advisor for investors globally. From an early age, Aayush demonstrated a natural talent for decoding complex systems and patterns,
After experiencing some ups and downs, the Ethereum price seems to be on track for a potential recovery. It is currently hovering above the $3,000 level and the 100-hourly Simple Moving Average, which is a positive sign for the bulls. Additionally, there is a short-term declining channel or a bullish flag forming with resistance near
Katherine Dowling, the Chief Compliance Officer of Bitwise, indicated that spot Ethereum ETFs are nearing approval by the Securities and Exchange Commission (SEC). In a recent interview with Bloomberg on July 9, Dowling mentioned that the SEC has been receptive to discussions regarding new financial products in the cryptocurrency space. She expressed optimism about the