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Cardano (ADA) is currently facing a challenging period as its price hovers near the critical support level of $0.3389. The overall cryptocurrency market has been feeling the pressure of a bearish trend, and ADA is no exception to this downward movement. This decline in Cardano’s price is influenced by a combination of macroeconomic factors, market
Abra, along with CEO William “Bill” Barhydt, recently settled with 25 US state regulators for offering crypto trading services without the necessary licenses. The settlement, announced by the Conference of State Bank Supervisors (CSBS) on June 26, involved the regulators forgoing monetary penalties in exchange for $82 million in customer repayments. Settlement Details As part
Recently, Nigeria’s Securities and Exchange Commission (SEC) issued a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses. This ultimatum was accompanied by a warning of enforcement actions against those who fail to comply. The SEC introduced the Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers (VASPs) as part
Bitcoin, the pioneer cryptocurrency, is currently facing a critical juncture in its journey as it struggles to maintain its price above the $61,000 support level. This comes after a remarkable surge in the first half of 2024, where it breached the significant $71,000 mark, eliciting appreciation and speculation from the investor community. Conflicting Views The
Bitcoin recently faced a significant rejection at the $62,498 resistance level, highlighting the prevailing bearish dominance in the market. This failure to break through a critical threshold has raised concerns about potential downward trends. The rejection at this key level signals caution among traders and investors, prompting a reassessment of market strategies. As of the