[ad_1] Bybit, a well-known cryptocurrency exchange, said it would stop serving French users on August 2. This was a surprise move that shows how strict regulators are becoming. The decision comes after the Autorité des Marchés Financiers (AMF), France’s financial watchdog, put more and more pressure on the company. Bybit’s operations will be greatly limited, which is a very important time for the exchange and its French customers. Restrictions Pile Up French users will have to deal with a lot of strict restrictions. Bybit has declared all accounts to be “close-only,” which means that users can’t open new positions or…
Author: dfrancis36
[ad_1] Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the…
[ad_1] A popular crypto analyst and trader is warning that Bitcoin (BTC) could suddenly correct much deeper. Pseudonymous analyst Altcoin Sherpa tells his 219,100 followers on the social media platform X that Bitcoin could decline more than 7% from its current value. “If we lose this region [around $62,000], it’s $58,000 in my opinion. That’d be a violent move overall. I still think this area is ok. And if you zoom out on the one day, we’re still in the large trading range of $55,000-$73,000.” Source: Altcoin Sherpa/X Bitcoin is trading for $61,284 at time of writing, down more than…
[ad_1] Solana (SOL) has been on a rollercoaster ride of late, with its its value seeing erratic shifts and even retreating in many instances. Related Reading For Solana, the sharp swings in the market have presented a difficult picture; nevertheless, experts still have optimism. They see this as a passing phase even with the downward pressures. The altcoin’s technical developments point to an interesting future. At the time of writing, SOL was trading at $150, down 6.2% and 17.1% in the daily and weekly frames, data from Coingecko shows. Even within the turmoil, the recent trading volume of $9.80 billion…
[ad_1] Over 20 companies engaged in Bitcoin (BTC) mining, the process of extracting the oldest cryptocurrency for profit, are now listed on global stock exchanges. Wall Street is home to the vast majority of them, and it’s where we find the largest publicly traded BTC miners. But which one is the biggest? Let’s find out!Marathon Digital Holdings (NASDAQ: MARA) is the undisputed leader in the industry, with a market capitalization approaching $6 billion. The company’s stock has gained more than fivefold since its low at the end of the crypto winter, currently trading at around $20 per share.CleanSpark (NASDAQ: CLSK)…
[ad_1] As the 2024 US presidential race heats up, a new frontier for political betting has emerged in the crypto world. Platforms like Polymarket, Kalshi, and PredictIt are seeing a surge in wagers on election outcomes, even as US regulators crack down on these activities. At the heart of this trend is Polymarket, a decentralized finance (DeFi) platform that allows users to bet on everything from election winners to the possibility of alien disclosure. Crypto Betting Frenzy On Polymarket According to a recent Bloomberg report, the amount of open wagers on Polymarket related to US election outcomes has soared by…
[ad_1] Amid the growing adoption of cryptocurrency, the Federal Bureau of Investigation (FBI) has highlighted a worrying trend: scammers masquerading as legitimate cryptocurrency exchange employees. While this scamming process might be old news, the report revealed these scammers might have employed new tactics, highlighting the evolving methods by which these malicious actors attempt to breach user accounts and steal funds. How The Crypto Scammers Operate According to the detailed warnings issued by the FBI, these fraudsters initiate contact through phone calls or electronic messages. After they have been able to get hold of a victim via the call or text…
[ad_1] A widely followed cryptocurrency analyst believes one (DeFi) token in the Ethereum (ETH) ecosystem is setting up for a push to higher levels. The analyst pseudonymously known as Credible Crypto tells his 405,200 followers on the social media platform X that the native asset for the stablecoin-focused decentralized exchange Curve DAO (CRV) is “going so much higher” after entities locked a total of 900 million CRV. “That’s nearly one-third of all CRV that will ever exist (3.3 billion maximum supply) and 43% of existing supply. Most will be locked in perpetuity. That means one-third of all the CRV that…
[ad_1] In a recent interview with Fox News, former President Donald Trump voiced support for using Bitcoin as a tool to help pay down the United States’ $35 trillion national debt as he positions himself for a potential 2024 presidential re-election, while also signaling a notable shift in the Republican party’s stance on digital assets. Trump’s Strategy To Tackle $35 Trillion Debt With Bitcoin “Crypto is a very interesting thing, very high level in certain ways, intellectually very high level,” Trump said. The former president acknowledged the rapid growth and adoption of cryptocurrencies globally, warning that if the US does…
[ad_1] Data shows the sentiment around XRP and Bitcoin is quite bullish currently, something that can actually be to the detriment of their prices. XRP & Bitcoin Among Coins Observing Positive Sentiment Right Now According to data from the analytics firm Santiment, the top cap cryptocurrencies are mainly observing the investors hold a bullish outlook. The indicator of interest here is the “Weighted Sentiment,” which basically tells us about the net sentiment around an asset that’s currently present on social media platforms. The “weighted” in its name comes from the fact that it weighs the sentiment present in the market…