Court allows most SEC claims to proceed in Binance suit
Judge Amy Berman Jackson, however, dismissed the SECs claim that BNB is traded illegally on secondary markets, citing the Ripple decision.
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Judge Amy Berman Jackson, however, dismissed the SECs claim that BNB is traded illegally on secondary markets, citing the Ripple decision.
Crypto analyst Crypto Patel has recently shared an optimistic outlook on Ethereum’s price trajectory, predicting significant movements based on upcoming ETF decisions. ETH is currently displaying strong bullish patterns, including a falling wedge and bull flag, along with a notable bounce off critical support levels. However, the anticipation surrounding the Securities and Exchange Commission (SEC) […]
Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has announced the opening of a new office in Miami. This expansion comes as the company faces setbacks with the Securities and Exchange Commission (SEC) temporarily halting their plans for an initial public offering (IPO). The Miami office is expected to serve as a hub [...]
The post Gemini Expands to Miami Following Judge’s Decision to Halt SEC Case appeared first on Crypto Breaking News.
In a recent development, Democratic senators have criticized the Department of Justice (DOJ) for its decision to shut down a specialized unit focused on investigating crypto-related crimes. The move has sparked concerns among lawmakers regarding the DOJ’s commitment to combating illicit activities in the cryptocurrency space. The Senate Democrats expressed their dismay over the closure [...]
The post Democrats criticize DOJ’s decision to disband crypto crime unit as a ‘grave mistake’ appeared first on Crypto Breaking News.
South Korea is making strides towards the approval of a Bitcoin ETF, taking inspiration from Japan’s successful implementation. The country is closely observing Japan’s example in order to develop its own framework for a potential Bitcoin ETF. The South Korean government recognizes the growing demand for crypto investment products and sees the opportunity to regulate [...]
The post South Korea Nears Bitcoin ETF Decision, Taking Cues from Japan appeared first on Crypto Breaking News.
Brazil’s Data Protection Authority, known as ANPD, is closely monitoring developments in the world of cryptocurrency payments. With the increasing popularity of digital currencies, the ANPD is taking proactive steps to ensure that data protection standards are maintained in this rapidly evolving landscape. Cryptocurrency payments present unique challenges when it comes to data privacy and [...]
The post Brazilian Data Watchdog Affirms Decision to Prohibit Global Cryptocurrency Transactions appeared first on Crypto Breaking News.
The Securities and Exchange Commission (SEC) has announced a postponement in its decision regarding Fidelity’s Ethereum exchange-traded fund (ETF) options. This delay comes as the SEC continues to review the proposal put forth by Fidelity for an ETF that would track the price of Ethereum, a popular cryptocurrency. Fidelity Investments, a well-known financial services company, [...]
The post SEC delays decision on Fidelity Ethereum ETF, creating uncertainty for investors. appeared first on Crypto Breaking News.
Cryptocurrency exchange Binance has reconsidered a decision to delist some privacy tokens in several European markets. The leading coin trading platform will continue to offer trading in these digital assets after revising their classification to comply with EU regulations. Binance to Continue Support for Certain Privacy Coins Despite Earlier Intentions to Remove Them The world’s
The post Binance Abandons Planned Delisting of Some Privacy Coins in EU Markets appeared first on BTC Ethereum Crypto Currency Blog.
In a groundbreaking decision earlier this month, the Southern District Court of New York determined that institutional sales of XRP conducted directly by Ripple constitute securities sales. However, intriguingly, XRP sales on secondary markets, specifically crypto exchanges, do not. A verdict that has sparked a ripple, pun intended, in the crypto space, potentially creating waves [...]
The post Decoding Ripple’s Ruling: A Potential Tsunami for the SEC appeared first on Crypto Breaking News.
On June 22, 2023, Bitgo, a digital assets firm and crypto custodian, declared the termination of its planned acquisition of custodian Prime Trust. The company cited a “considerable effort” in attempting to chart a course for Prime Trust’s future. Bitgo Cancels Prime Trust Acquisition A fortnight prior, Bitgo announced its intention to acquire Nevada-based crypto [...]
The post Bitgo Abandons Acquisition of Prime Trust Amidst Nevada-Based Custodian’s Ongoing Uncertainty appeared first on Crypto Breaking News.
The US Federal Reserve just raised its interest rate, announcing a 25 basis point hike on Wednesday afternoon. With this, the Fed has pushed the federal funds rate to the 4.75%-5% range, its highest level since October 2007. In a press release, the Fed noted the rate hike was down to fact that the US …
<p>The post deVere Group CEO says Fed’s “Big Decision” on rate hikes was really no decision at all first appeared on CCNC | Cryptocurrency Newscast.</p>
The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placed it into FDIC receivership on [...]
The post Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow appeared first on Crypto Breaking News.
Investing in cryptocurrency is a risky venture, especially if you have no idea how to research and analyze the market.
Continue reading 10 Best Crypto Analytic Tools For Investors In 2022 at DailyCoin.com.
The United States Securities and Exchange Commission has extended its window to approve or disapprove spot Bitcoin (BTC) exchange-traded fund (ETF) applications from asset managers WisdomTree and One River. According to separate Friday filings, the SEC will push the deadline for approving or disapproving a rule change allowing shares of the WisdomTree Bitcoin Trust and One […]
According to archived records, 4,833 decentralized autonomous organization (DAO) treasuries held $10.8 billion on April 15, 2022. Over the course of 309 days, by February 19, 2023, the treasuries dwindled to $8.8 billion. However, during the past 90 days, there has been a significant surge, with the funds held by DAO treasuries increasing by 144% [...]
The post DAO Treasuries Surge: From $8.8B to $21.5B in 90 Days, Marking a 144% Increase appeared first on Crypto Breaking News.
The Chairman of the Federal Reserve, Jerome Powell, recently discussed the possibility of a digital dollar during a virtual panel organized by the Bank of International Settlements. Powell presented a cautious approach, pointing out that a digital dollar raises significant policy issues around privacy, cybersecurity, and financial stability. While Powell emphasized that the Fed is [...]
The post Federal Reserve Chair Announces Decision Against Launching Digital Dollar appeared first on Crypto Breaking News.
AI tools are revolutionizing learning and research in today’s digital age by providing sophisticated capabilities and effective solutions. These tools make use of artificial intelligence to speed up various tasks, increase output and offer insightful data. Consensus, QuillBot, Gradescope, Elicit and Semantic Scholar are five well-known AI tools that are frequently used in the learning [...]
The post 5 AI tools for learning and research appeared first on Crypto Breaking News.
Just like the Pope is Catholic, Bitcoin is volatile. Today, it may be even more so. The ECB is due to announce its latest interest rate decision at 9:15 AM Eastern time in what sets up as one of the most pivotal of the year (this is the second time I have used that pun …
<p>The post Bitcoin, crypto, Nasdaq await interest rate decision as banking turmoil promises extra volatility first appeared on CCNC | Cryptocurrency Newscast.</p>
On-chain data shows a Bitcoin metric is approaching a crucial retest that can make or break a rally. Will the bulls come out on top? Bitcoin Short-Term Holder Realized Profit/Loss Ratio Is Nearing 1 Level According to data from the on-chain analytics firm Glassnode, a successful retest here would be constructive for the price of the asset. The indicator of interest here is the “realized profit/loss ratio,” which measures the ratio between the profits and losses that Bitcoin investors throughout the network are realizing right now. The metric works by going through the on-chain history of each coin being sold to see what price it was last acquired at. If this previous price for any coin was less than the BTC value that it’s now being sold/moved at, then the coin’s sale is said to be realizing some amount of profit. Naturally, the opposite case would imply that loss realization is occurring with the coin’s movement. The metric takes the sum of all such profits and losses being harvested in the market and finds the ratio between them. When the value of this ratio is greater than 1, it means that the market as a whole is realizing some amount of profit currently. On the other hand, values under this threshold imply losses are more dominant in the sector right now. In the context of the current discussion, the realized profit/loss ratio for the entire market is actually not the metric of focus, but the version specifically for the “short-term holders” (STHs) is. The STHs are one of the two major groups in the Bitcoin market and include all the investors who have been holding onto their coins since less than 155 days ago. Related Reading: Bitcoin Stuck In Historically Tight Range, Calm Before The Storm? Here is a chart that shows the trend in the 7-day exponential moving average (EMA) BTC STH realized profit/loss ratio over the last couple of years: The value of the metric seems to have been going down in recent days | Source: Glassnode on Twitter As displayed in the above graph, the 7-day EMA Bitcoin STH realized profit/loss ratio has been above 1 during the past few months, suggesting that profit realization has been the dominant force. This naturally makes sense, as the rally occurred during this period, which would have made it so that these investors would be in plenty of profits. Recently, however, the metric has been going down as the price has observed a decline. From the chart, it’s visible that the indicator is now closing in toward the 1 mark. The 1 line has historically held immense significance for the market, as it serves as the point where the STHs are just breaking even on their selling. During bearish periods, this line has usually provided resistance to the price of Bitcoin, while it has switched to being a support point during bullish regimes. The reason behind this interesting pattern lies in the fact that investors look at their break-even mark very differently between the two types of markets. Related Reading: Chainlink (LINK) Whale Transfers Spike, Bearish Sign? In a bearish environment, investors see the break-even mark as an ideal exiting point, as that way, they can at least avoid getting into losses. Thus, a lot of selling takes place at the level, leading to the price feeling resistance. Similarly, the investors look at the level as a profitable buying opportunity during rallies, so they participate in some buying at it. Obviously, if the current rally has to have any chance at going, this retest of the 1 level would have to be successful. If a breakdown happens here, however, then a bearish regime might return for Bitcoin. BTC Price At the time of writing, Bitcoin is trading around $26,000, up 1% in the last week. BTC has been moving sideways | Source: BTCUSD on TradingView Featured image from iStock.com, charts from TradingView.com, Glassnode.com
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