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The US Securities and Exchange Commission (SEC) has expressed concerns over the status of Circle’s stablecoin, USDC, as the company aims to go public through a multi-billion dollar initial public offering (IPO). Regulatory documents cited by Barron’s on June 18 reveal that the SEC’s worries primarily revolve around the potential classification of USDC and other
Brazil’s Special Department of Federal Revenue is taking steps to ensure that foreign crypto exchanges are operating in compliance with local regulations. The tax department will be collecting information from these exchanges to understand how they interact with local service providers. This move comes after regulations were introduced in 2019, requiring companies to provide specific
The cryptocurrency market has seen a significant shift in investor sentiment in recent weeks, with outflows from digital asset funds totaling $600 million for the week ending June 14. This marks a stark contrast to the preceding five weeks, which saw a consistent influx of funds into the market. The outflows were particularly concentrated in
Aayush Jindal is a prominent figure in the world of financial markets, with a wealth of experience spanning over 15 years in Forex and cryptocurrency trading. His reputation as a trusted advisor and senior market expert has garnered him a following of investors worldwide, who rely on his keen insights and astute chart analysis to
FLOKI, a competitor to Shiba Inu, has been showing outstanding performance in the market this year. With its price more than doubling in 2024, it has attracted a significant amount of investment into the meme coin. However, amidst all the hype surrounding FLOKI, there are warnings of a potential price crash looming on the horizon.
The recent price decline of Bitcoin has sparked concerns about a prolonged bear market in the cryptocurrency world. However, amidst the pessimism, there are faint whispers of optimism that suggest a potential reversal might be on the horizon. One of these glimmers of hope comes from the Bitcoin Taker Buy Sell Ratio, a metric that