The recent turmoil in the cryptocurrency market has prompted a significant shift in investor behavior towards Bitcoin. Traditionally viewed as the safest asset in the digital currency ecosystem, Bitcoin’s dominance has soared to a nine-week high of 57%. This surge in dominance comes at a time when the market is facing chaos, with altcoins bearing
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The recent decision by the SEC to close its investigation into Ethereum 2.0 has stirred up significant debate within the blockchain community. This development follows a letter from Consensys seeking clarity on the classification of ETH sales as securities transactions. Consensys’s announcement of the SEC’s decision as a victory for Ethereum developers and industry participants
Growing up in Edo State, Nigeria, I was surrounded by a supportive and loving family. My parents and siblings played a significant role in shaping my values and beliefs. They were not just family to me, they were my idols and mentors, guiding me through life’s ups and downs. Their unwavering support and encouragement have
Brazil’s Special Department of Federal Revenue is taking significant steps to regulate foreign crypto exchanges operating within the country. The tax department has announced plans to collect information from these exchanges to ensure their compliance with local regulations. This move comes as a response to the growing concerns regarding the operations of foreign exchanges and
Recent reports have surfaced regarding the Financial Supervisory Service (FSS) in South Korea instructing registered crypto exchanges to evaluate various tokens on their platforms. This directive is in line with the Virtual Asset User Protection Act, which requires exchanges to adhere to strict compliance and conduct regular assessments of listed tokens. The law also mandates
The recent data from CoinShares reveals a significant change in investor sentiment towards crypto funds, with outflows totaling $600 million following five weeks of consecutive inflows. This sudden shift in trend has sparked discussions within the crypto community about the possible reasons behind this exodus of funds from the market. The outflows were primarily concentrated
Bitcoin experienced extreme volatility on Monday, with a significant drop to a new monthly low of $64,000. The altcoins did not fare any better, as many witnessed substantial declines, leading to over 190,000 traders facing losses. The weekend had been relatively stable for the primary digital asset, hovering around $66,000. However, Monday started off on
Crypto analyst Jelle has recently made a bold projection regarding Ethereum’s price, forecasting it to surge to $5,000 by the end of the year. This optimistic outlook comes at a time when Ethereum has been stabilizing above the $3,500 mark, following a correction from its peak in March. Jelle’s analysis points to a pivotal moment
The Securities and Exchange Commission’s (SEC) crypto asset enforcement chief, David Hirsch, made headlines on June 17 when he announced his departure from the agency. After nearly nine years of service at the SEC, Hirsch expressed his pride in the groundbreaking work accomplished by the Crypto Assets and Cyber Unit team under his leadership. Taking
Bitcoin has been experiencing a rollercoaster ride lately, with the price taking a nosedive, sparking concerns of a prolonged bear market. However, amidst the gloom, there are faint whispers of optimism. The Bitcoin Taker Buy Sell Ratio, a metric that monitors the balance between buy and sell orders on exchanges, has shown some interesting trends.
