[ad_1] Stuart Alderoty, the Chief Legal Officer (CLO) of prominent blockchain company Ripple, has criticized the US over its inaction in the establishment of clear crypto regulations. This development underlines the continuous calls for the economic superpower to form a stable regulatory framework for digital assets amidst consistent enforcement actions by the US Securities and Exchange Commission (SEC). US Has Failed In Good Crypto Regulation, Alderoty Says In an X post on Friday, Stuart Alderoty shared his experience at the recent Point Zero Forum in Zurich, Switzerland, themed “Mastering the Maze: Implementing Global Digital Asset Regulations.” The Ripple CLO stated he…
Author: dfrancis36
[ad_1] Crypto analyst Rekt Capital has provided insights into when the price of Bitcoin will reach its cycle highs. His analysis has provided reassurance that the flagship crypto is still far from a market top despite its recent decline to new lows this week. Related Reading When Will Bitcoin Peak In This Bull Run Rekt Capital mentioned in an X (formerly Twitter) post that Bitcoin could peak in this cycle sometime in mid-September or mid-October 2025 if history were to repeat itself. The analyst noted that Bitcoin peaked 518 days after the halving event during the 2017 bull run and…
[ad_1] The cryptocurrency market continues its summer swoon, with major coins like Bitcoin tumbling to four-month lows. Chainlink (LINK), a key player in the decentralized oracle network space, has been especially hard-hit, dropping 25% since the beginning of June. But is this a buying opportunity, or the precipice of a steeper decline? Related Reading This Chart Pattern Looms Large Technical analysts are scrutinizing Chainlink’s chart, with a particular focus on the dreaded “Head and Shoulders” pattern. This formation, characterized by a central peak flanked by two smaller ones, often signals a trend reversal from bullish to bearish. Analyst Ali Martinez…
[ad_1] Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and…
[ad_1] An official at the Central Bank of Nigeria (CBN) has stated that Binance operated illegally in multiple ways in the West African nation. This development comes amidst the ongoing legal trial of the prominent crypto exchange in Nigeria. Binance Violated Naira Trading Policy – CBN Official In April 2024, the Nigeria Economic Financial Crime Commission (EFCC) launched a lawsuit against Binance and its executive Tigray Gambaryan, accusing both parties of tax evasion, currency speculation, and money laundering of about $34.4 million. Following an adjournment from June, the legal proceedings of this case resumed on Friday with the prosecution counsel…
[ad_1] Venture capital (VC) firm, Multicoin Capital, has recently announced its commitment to support pro-crypto Republican lawmakers with a substantial donation of up to $1 million worth of Solana (SOL) tokens. The firm aims to bolster the presence of crypto-friendly candidates in the US Senate by matching all donations of Solana tokens to the Sentinel Action Fund. Solana Donations In a social media post on Friday, Multicoin Capital announced its special contribution to the Sentinel Action Fund, a political action committee focused on electing candidates who support cryptocurrency. The company pledged to match all SOL token donations made within the…
[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] Bitcoin remains under immense liquidation pressure at press time. After two days of lower lows, not only did bears reject $63,000 but cratered below May 2024 lows today. BTC Drop Purging Speculators, Markets Shifting To Spot Trading Amid the fear gripping the market following this wave of liquidation, one analyst took to X, saying the collapse of bulls this week was necessary. According to Ki Young Ju, the founder of CryptoQuant, a crypto analytics platform, the Bitcoin market has been futures-driven for “a long time.” BTC market futures-driven for long | Source: @ki_young_ju via X Though the degree has…
[ad_1] As Bitcoin faces strong headwinds, breaching two critical support levels at $60,000 and $56,500 in quick succession, it may, on the surface, appear that fear is gripping the market. There are reasons to be afraid, especially for coin holders leveraging BTC in decentralized finance (DeFi) protocols, looking to take out loans using the asset as their collateral. Fear Is Yet To Grip The Bitcoin Market Even as prices plunge, one on-chain analyst, taking to X, argues that the market is relatively composed and fear and panic haven’t fully gripped it yet. Pointing to the Bitcoin Daily Realized Profit Loss…
[ad_1] As the US presidential election approaches, crypto traders and analysts are speculating that a victory for Donald Trump in November could significantly boost the Bitcoin price to new heights, according to a report by the Financial Times. Despite expectations of a post-Halving rally, BTC has struggled to gain momentum since April, facing various factors such as sales of seized assets by US and German authorities and the overhang of $9 billion in Bitcoin and Bitcoin Cash (BCH) sales from the defunct Japanese exchange Mt Gox. However, market participants are increasingly discussing the possibility of a “Trump trade” that could…