Over the past seven years, the world of cryptocurrency has seen a significant increase in lobbying expenditures, according to a recent study by Social Capital Markets. The research has unveiled a staggering 1,386% surge in lobbying spend by crypto companies, jumping from $2.72 million in 2017 to $40.42 million in 2023. This exponential growth highlights
Aayush Jindal, a prominent figure in the financial markets, has dedicated over 15 years to mastering the intricacies of Forex and cryptocurrency trading. His journey began at a young age, where he displayed a natural talent for deciphering complex systems and patterns. This innate curiosity for understanding market dynamics propelled him towards becoming a trusted
Recently, Coinbase, Ripple, and Andreessen Horowitz (a16z) have revealed their plans to send representatives to both the Republican National Convention (RNC) and the Democratic National Convention (DNC). This move demonstrates their commitment to advocating for policies that are favorable to the cryptocurrency industry. Politico reported on July 15 that these firms will first present their
Russia’s Ministry of Finance has put forth a proposal allowing traditional exchanges to facilitate digital asset trading for a select group of investors, as per a report by Interfax on July 10. The government’s draft response to proposed regulations suggests the potential creation of specific rules for conducting organized trading in digital currency, which would
In a recent development, South Korean lawmakers have put forth a bill to postpone the implementation of the crypto gain tax until 2028. This decision comes amid the prevailing negative sentiments surrounding the crypto industry. The ruling political party introduced the bill on July 12, highlighting concerns about the current investment sentiment towards virtual assets.
Despite recent bearish trends in the Bitcoin market, JP Morgan, an American multinational finance company, has maintained a bullish stance on the outlook for the cryptocurrency. The bank has announced a timeline for the conclusion of ongoing BTC liquidations, predicting a subsequent rebound in the market. In a research report released recently, JP Morgan suggested
Aayush Jindal’s journey in the world of financial markets began at a young age, where he showcased a natural aptitude for deciphering complex systems and unraveling patterns. This early interest in market dynamics fueled his curiosity and set him on a path towards becoming a luminary in the realms of Forex and cryptocurrency trading. Over
Aayush Jindal is a distinguished figure in the realm of financial markets, with a career spanning over 15 years in Forex and cryptocurrency trading. Known for his exceptional expertise in technical analysis, Aayush is a trusted advisor to investors worldwide, providing them with keen insights and astute chart analysis to navigate the complex landscapes of
Ethereum has witnessed a significant surge in price, breaking above the crucial $3,250 resistance zone. This bullish momentum has propelled ETH past $3,300, indicating a strong potential for further upside movement in the near future. The price action is currently above $3,250 and is supported by the 100-hourly Simple Moving Average. A connecting bullish trend
In recent trading sessions, Bitcoin has shown a strong uptrend, breaking through key resistance levels and climbing towards the $63,200 mark. This surge in price is a bullish sign for the cryptocurrency market as a whole, indicating potential further gains in the near future. Looking at the technical indicators, the hourly MACD for Bitcoin is