Coinbase, a leading cryptocurrency exchange platform, recently submitted a comment letter to the US Securities and Exchange Commission (SEC) expressing strong opposition to the agency’s proposed expansion of the definition of “exchange” to include decentralized exchanges (DEXs). In the letter addressed to SEC Secretary Vanessa A. Countryman, Coinbase’s Chief Legal Officer Paul Grewal raised significant
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Recent data from the cryptocurrency futures market has led a CryptoQuant analyst to predict a potential rally for Ether (ETH) in the near future. Following a significant liquidation event, historical trends suggest that ETH may experience a price rally as spot buying pressure increases and markets stabilize. Despite a recent dip in ETH price, which
It is evident from recent reports that the Venezuelan government has restricted access to Binance’s website in the aftermath of the controversial presidential election results. Not only is Binance affected, but several other websites belonging to companies from various industries in Venezuela have also faced similar access restrictions. This move by the government raises concerns
XRP, the cryptocurrency associated with Ripple, saw a significant price increase last week following a court ruling in the Ripple v SEC case. This surge brought XRP’s price to almost $0.64 with a market capitalization of over $35 billion. However, despite this initial success, the price of XRP has since experienced a slight decline, currently
As bitcoin experiences a downward trend, analysts are closely examining technical indicators and signals to determine the direction in which it may move next. According to CoinGlass, a crypto derivatives data provider, the liquidity heatmap indicates key first-test lines at approximately $56,800. A bounce off this level could lead to testing higher prices, while a
Samsung has recently announced its partnership with Illuvium at Gamescom 2024, with the aim of transforming home entertainment by integrating Web3 technology. This collaboration is set to bring the Illuvium gaming world directly to living rooms through Samsung’s innovative Web3 TVs, allowing players to immerse themselves in the three core games – Overworld, Arena, and
Over the weekend, Bitcoin’s price movements have calmed down significantly, with the asset hovering around $61,000. This stability comes after a period of intense volatility that saw the cryptocurrency plummet from $66,000 to $49,500 within a few days. While Bitcoin managed to recover some ground and briefly surged to almost $63,000, it retraced back slightly,
Gemini co-founder Tyler Winklevoss recently took to X to express his disapproval of Vice President Kamala Harris’ supposed “reset” of her crypto stance, labeling it as a “scam”. This critique follows Winklevoss’ previous criticism of Harris for skipping a roundtable discussion with crypto leaders. In his post, Winklevoss specifically pointed out the Federal Reserve’s enforcement
Semilore Faleti is a talented cryptocurrency writer who has made a name for himself in the field of journalism and content creation. With a specialized focus on blockchain technology and digital assets, Semilore has demonstrated a deep understanding of the complexities and intricacies of the cryptocurrency space. His dedication to educating and informing his audience
Recently, Ripple found itself in the midst of a legal battle with the SEC over alleged violations of securities laws. The lawsuit concluded with the company being ordered to pay a $125 million fine, significantly less than the initial $2 billion demanded by the regulator. This outcome was viewed by many in the industry as
