[ad_1] Binance is finalizing the sale of its majority stake in crypto exchange Gopax to South Korean cloud service provider Megazone, local media publication The Chosun reported. This decision is pivotal for Gopax, one of Korea’s top five won exchanges, as it faces the risk of delisting if governance issues remain unresolved.Enhancing GovernanceCurrently, Binance holds a 72.6% stake in Streami, the operator of Gopax. However, the exchange plans to reduce its stake to around 10% by selling shares to Megazone. This move is reportedly part of the exchange’s initiative to enhance its governance structure, a requirement set by financial authorities…
Author: dfrancis36
[ad_1] While the extradition of Do Kwon has not yet been decided in Montenegro, the spouse of Terraform Labs founder, Ms. Lee scored a major legal victory against the South Korean state. The court ruled that certain real estate shares and officetel subscription rights, previously seized under the name of Ms. Lee should not have been subject to state seizure, as local news outlet Naver reported exclusively today. Do Kwon’s Spouse Wins Big Presiding Judge Joo Chae-kwang of the 12th Civil Division delivered the verdict on June 19, determining that these assets were Ms. Lee’s separate property, acquired independently during…
[ad_1] All eyes are on the upcoming announcement of the US Consumer Price Index (CPI) data for June as the crypto market negotiates choppy waters. This much awaited economic indicator has the power to change investor mood, therefore impacting Federal Reserve policy and maybe affecting world financial markets. Variability In The Market Prior To CPI Announcement Prior to the CPI release, the cryptocurrency market saw considerable turbulence. Blockchain technology’s most prominent token, Bitcoin, has gone up and down in tandem with investor optimism and pessimism. Traders and experts alike are keeping a careful eye on inflation predictions that may influence…
[ad_1] In an analysis shared via X and YouTube, crypto analyst Matt “The Great Mattsby” Hughes highlighted what could be a historic move for the XRP price, based on the Bollinger Bands indicator. Hughes points to an impending squeeze in XRP’s monthly Bollinger Bands, suggesting a potential spike similar to previous rallies where the cryptocurrency saw massive gains. Hughes explained via X: “XRP has one of the tightest monthly Bollinger Band squeezes in its history and in all of crypto right now. The last time it squeezed like that, it shot up 60,000%.” In a YouTube video, the crypto analyst…
[ad_1] The German government transferred another 2,375 Bitcoin worth around $138 million to exchanges on Thursday, continuing its months-long liquidation of seized reserves.JUST IN: 🇩🇪 German Government sent 2,375 more #Bitcoin worth $138 million to exchanges.They are now left with 13,000 BTC. HODL! ✊ pic.twitter.com/80dOE7iWyj— Bitcoin Magazine (@BitcoinMagazine) July 11, 2024 Germany originally obtained nearly 50,000 Bitcoin in 2013 after the Federal Criminal Police Office (BKA) confiscated reserves from the now-defunct piracy website Movie2K. At today’s prices, the stash was worth over $2 billion.Since mid-June, the government has steadily sold portions of its massive Bitcoin trove. Transfers have gone to major…
[ad_1] Bitcoin (BTC) after a successful break above its bearish trendline recently has continued to show strong bullish momentum which may mark a significant shift in market sentiment. As the digital asset continues to strive above the bearish trendline, it has stirred up optimism among traders and investors alike as to whether it can sustain its momentum and achieve the $60,152 mark. In this article, BTC’s recent price formation will be analyzed with the help of some technical indicators to ascertain if it could reach the $60,152 mark and what it could mean for the future of the world’s leading…
[ad_1] Amidst ongoing broader efforts to align the cryptocurrency space with the White House policies, Ripple Chief Executive Officer (CEO) Brad Garlinghouse has publicly criticized the United States Securities and Exchange Commission (SEC) chairman Gary Gensler, underscoring the tensions between the digital asset industry and government regulators. Garlinghouse’s critique centers on what he sees as SEC regulatory overreach and the absence of proper guidelines under the leadership of Gensler. This is because the Ripple executive believes the regulatory watchdog’s strategy toward the crypto landscape has constantly impeded innovations and proved ineffective. A Major Leap For The Cryptocurrency Space In the…
[ad_1] To capitalize on the growing interest in the crypto industry, banking giant Goldman Sachs is preparing to enter the tokenization sector, with three offerings expected to launch later this year. Goldman Sachs Aims To Capitalize On Tokenization Trend According to a Fortune report, Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, revealed the bank’s intentions to expand its crypto offerings, focusing on the tokenization sector. Tokenization involves issuing “real-world assets,” such as money market funds and real estate holdings on public blockchains such as Ethereum or Solana, leading the bank to plan to launch three tokenization projects…
[ad_1] A popular crypto trader thinks one Ethereum (ETH) rival is primed to perform well over the coming months. The pseudonymous analyst known as Altcoin Sherpa tells his 217,800 followers on the social media platform X that he’s “pretty neutral” on Solana (SOL) over the short term but more optimistic on the asset as 2024 winds down. “I still believe $120-170 is a decent region to accumulate SOL overall, and I think this still does pretty well in the second part of the year. Not really expecting this one to move until the overall market environment improves though.” Source: Altcoin…
[ad_1] Driven by a mix of positive elements, Solana (SOL) is seeing a spike in trading activity. This covers big buy orders, institutional investors’ savvy purchasing approach, and the expected release of SOL-based exchange-traded funds (ETFs). Related Reading Whales Consolidate SOL discretely Trading data shows a notable increase in trading volume among key exchanges including Binance, Coinbase, Gate.io, and OKX. However, a more in-depth analysis by Coinact.gg, which is a real-time trading research programme, indicates a pattern that is very intriguing: a “Major TWAP” signal for SOL. Major TWAP Detection alert on $SOL. Larger buyers are accumulating $SOL #Solana. Trading…