The ongoing legal battle between the US Securities and Exchange Commission (SEC) and Coinbase has taken a contentious turn, with the SEC firmly opposing Coinbase’s motion to compel additional discovery. The dispute revolves around Coinbase’s extensive requests for documents, which the SEC argues are irrelevant and overly burdensome. Key Points Against Coinbase’s Motion In a
Recently, Binance CEO Richard Teng disclosed that the exchange experienced record inflows and one of its highest trading volumes during a jittery market on Aug. 5. Teng highlighted that amidst the macroeconomic climate and market downturn, Binance recorded a net inflow of $1.2 billion in just 24 hours, according to DefiLlama’s CEX Transparency metrics. Additionally,
Despite the recent significant price decline of XRP in the wider crypto market, on-chain transaction data indicates that large holders, or ‘whales,’ are taking advantage of the lower prices to accumulate more tokens on various exchanges. Recent data from the whale transaction tracker Whale Alerts reveals an intriguing accumulation pattern among XRP holders. Within the
Uniswap (UNI) has recently experienced a 13% rebound, pushing its price above the critical $5.6 level. This rebound has sparked optimism among investors and traders as they wonder whether the bulls can sustain this momentum and drive the price even higher. At the time of writing, UNI is trading at around $5.77 with a market
Aayush Jindal’s journey in the financial markets began at a young age when he exhibited a natural aptitude for deciphering complex systems and unraveling patterns. His insatiable curiosity for understanding market dynamics led him on a path towards becoming an esteemed authority in the fields of Forex and cryptocurrency trading. With over 15 years of
Jan van Eck, the CEO of VanEck, has been vocal about his bullish stance on Bitcoin. He firmly believes that Bitcoin is on track to reach an impressive price target of $350,000, citing a surge driven by adoption rates comparable to gold. In an interview with Fox Business, Van Eck confidently predicted the significant price
Recently, the price of Bitcoin took a significant hit, dropping below the $50,000 mark causing panic among investors. However, a recovery wave has been observed with Bitcoin now back above $55,000. Despite this positive movement, the cryptocurrency is facing several hurdles near the $58,000 zone. Bitcoin has managed to start a recovery wave above key
In a recent analysis, a popular Bitcoin analyst identified a crucial breakout point for Bitcoin amidst a bearish market price action. Even as Bitcoin’s price has been on a downward trend, several significant price levels have been established in recent months. These levels could provide valuable insights for traders regarding Bitcoin’s potential future movements. One
Recently, the price of Bitcoin has experienced a significant decline, dropping below the crucial $55,000 support zone. This sharp downturn has seen Bitcoin lose over 15% of its value, sparking concerns among investors and traders. The downward trend started when Bitcoin failed to maintain support levels at $56,500 and $55,000, leading to a bearish momentum
Senator Cynthia Lummis of Wyoming recently voiced her concerns over the Biden administration’s proposal to implement a 30% tax on Bitcoin miners. She claimed that such a high tax rate could hinder innovation and drive mining operations overseas, impacting both economic and national security interests. In response, Lummis released an “orange paper” outlining her objections