In recent developments, cryptocurrency exchange OKX has taken significant steps toward regulatory compliance following a hefty settlement of over $500 million with U.S. authorities. This settlement was pivotal, marking a clear acknowledgment of past compliance shortcomings. OKX’s CEO, Star Xu, openly admitted to the firm’s oversights but maintained that U.S. clients constituted a minor segment
Bitcoin (BTC), the leading cryptocurrency by market capitalization, has recently experienced a significant downturn, dropping below the $95,000 mark. This decline comes as broader market volatility seems to be in play, causing analysts and investors alike to scrutinize the cryptocurrency’s performance closely. As February draws to a close, many experts believe that Bitcoin needs to
Over the past 24 hours, Bitcoin’s value has significantly declined, sinking to just above $90,000—its lowest point since mid-January. This steep drop marks a reduction of more than $9,000 from the cryptocurrency’s recent peak of $99,500, recorded last Friday. The recent volatility leads to an observable trend of increased liquidations in the market, with the
On February 21, 2024, Robinhood Crypto received the long-awaited news that the U.S. Securities and Exchange Commission (SEC) would not be pursuing any enforcement action against the platform, effectively closing a preceding inquiry initiated in May of the same year. The cessation of this investigation coincides with a notable transformation within the SEC, indicating a
Ethereum, the second-largest cryptocurrency by market capitalization, finds itself at a pivotal juncture as it grapples with a protracted phase of consolidation. Trading within a narrow range of $2,650 to $2,750 for over a week, the digital asset appears to be caught in a web of uncertainty and indecision. As the broader cryptocurrency market remains
In a decisive move to bolster its sanctions regime amid ongoing geopolitical tensions, the European Union has targeted Garantex, a cryptocurrency exchange operating out of Russia, as part of its expansive 16th sanctions package. Announced on February 24, these sanctions aim to disrupt financial operations that support Russia’s military activities linked to the invasion of
Cardano, one of the leading cryptocurrencies, is currently trading at approximately $0.78, grappling with the effects of recent volatility and a general bearish sentiment permeating the broader digital asset market. Following a steep decline where the price dropped over 20% within a week, ADA has demonstrated some signs of resilience, managing to recover by more
Berachain, an EVM-compatible Layer 1 blockchain, has made waves in the crypto community with its impressive performance following the Mainnet launch just 20 days ago. Surpassing notable competitors such as SUI, Avalanche, and Arbitrum, Berachain achieved a remarkable Total Value Locked (TVL) of $3.27 billion, before experiencing a slight pullback. This development secured its position
Citadel Securities, a prominent financial firm known for its prowess in market making, is reportedly set to make strategic forays into the cryptocurrency market. According to a Bloomberg News article released on February 24, the company is keen on establishing itself in the crypto domain in a manner similar to its operations in traditional financial
Bitcoin has recently faced pressure, slipping below its 100-day moving average of $98,000. This dip raises concerns among investors, especially as it nears the key support level of $95,000. Notably, the cryptocurrency has shown weakened trading activity that does not indicate strong momentum from either buyers or sellers. In an environment where market participation is
