The Markets in Crypto-Assets (MiCA) regulation introduced by the EU has had a significant impact on the digital asset market, not only affecting companies within the EU but also global firms involved in Euro transactions. One of the most noticeable effects of this regulation is the decrease in new exchange listings. According to data from
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Ethereum price is currently on a path towards a potential recovery. The price of ETH is gradually climbing above the $3,000 mark, showing some positive movement. Additionally, the price is above the key 100-hourly Simple Moving Average, indicating a bullish trend. There is also a short-term declining channel or a bullish flag forming with resistance
Bitcoin’s price is currently showing signs of a slow but steady increase above the $56,500 level. The cryptocurrency might see a bullish momentum if it manages to clear the $58,500 resistance zone. The recent recovery wave pushed the price above $57,000, with the 100 hourly Simple moving average providing support. As per technical indicators, there
The weekend saw a significant drop in the Bitcoin 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 for the pioneer cryptocurrency in the last two years, causing the market to lose billions of dollars. Despite this, Bitcoin
In a recent interview with Bloomberg, Bitwise’s Chief Compliance Officer, Katherine Dowling, expressed optimism about the approval of spot Ethereum ETFs. She mentioned that these ETFs are “close to the finish line” and indicated that discussions with the SEC have been productive. Dowling highlighted the SEC’s receptiveness to conversations regarding new products, signaling a positive
The sentencing for two senior FTX executives, Gary Wang and Nishad Singh, has been scheduled for later this year. Wang, who served as the former CTO and co-founder of the defunct exchange, will be sentenced on November 30. Meanwhile, former engineering director Singh’s hearing is set for October 30. Judge Lewis Kaplan, who oversaw the
The recent guilty plea from Paxful Inc. co-founder and former CTO Artur Schaback has shed light on the company’s failure to maintain an effective anti-money laundering (AML) program. According to the Department of Justice, Schaback’s negligence allowed criminal activities such as money laundering, sanctions violations, fraud, romance scams, extortion schemes, and prostitution to thrive on
The Republican Party has taken a noteworthy step by including Bitcoin and cryptocurrencies in their official platform for the upcoming 2024 election. This move reflects a shift within the party towards embracing digital assets and blockchain technology. Former President Trump’s recent statements have played a role in shaping the party’s stance on crypto, signaling a
The recent volatility in the Bitcoin market has left many investors uncertain about the future direction of the cryptocurrency. Analysts like Jacob Canfield have been studying historical patterns in Bitcoin’s pricing trends to make predictions about potential future movements. Canfield’s analysis suggests that Bitcoin may be on the verge of retesting yearly open levels, 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 and proficiency in providing technical analysis have made him a trusted advisor and senior market expert to investors worldwide. Aayush’s journey to success began at a young age, where his