The long-running legal battle between the Securities and Exchange Commission (SEC) and Ripple is one step closer to an end with the Commission’s latest filing. The court is expected to give its judgment soon enough, as both parties have filed all necessary briefs. What The SEC’s Latest Filing Is About The Commission filed a letter […]
The post Shiba Inu Struggles Despite 400% Jump in Whale Transactions: What to Expect from SHIB Price Next? appeared first on Coinpedia Fintech News
During Bitcoin’s climb to May’s high of $71.1K, the meme coin sector proved to be the most profitable, trending tokens by market capitalization yielding returns over 40%. However, as the price of Bitcoin settled back to around $69K in recent hours, several meme coins are facing a strong rejection from sellers. Interestingly, SHIB price failed …
The First District Court of Appeals in Florida has nullified an Emergency Suspension Order (ESO) issued by the Office of Financial Regulation against Binance.US, according to a court filing on May 22. Earlier this year, Florida’s regulator banned Binance.US from serving its residents, citing “immediate danger” to the public as the reason for its decision. […]
The post Florida court overturns Binance.US suspension order appeared first on CryptoSlate.
There's been tension among members of the Ethereum developer community – even though the ETH price is mooning due to growing anticipation that U.S. regulators might give the green light to spot ether ETFs.
Market observers are conflicted over what could happen following SEC approval of a spot Ether ETF.
The SEC has decided to take on half the crypto industry at once. That could be a fatal error given the industry’s combined legal firepower.
Nasdaq files an updated 19b-4 form for BlackRock's Ethereum ETF, a key step in the SEC's approval process for spot crypto trading.
The post Nasdaq refiles for BlackRock’s proposed Ethereum spot ETF appeared first on Crypto Briefing.
The Labour Party has been silent on crypto, but said it is interested in promoting tokenization in the country.
The Intercontinental Exchange will pay a penalty for failing to timely inform a cyber intrusion. The enforcement action affected several ICE subsidiaries, including the New York Stock Exchange.
The House of Representatives is set to vote on H.R. 4763, but U.S. President Joe Biden and SEC Chair Gary Gensler oppose the crypto-focused legislation.
An analyst has explained how Polygon could see a rally of around 17% if the cryptocurrency’s price breaks above this level. Parallel Channel May Reveal What Could Be Next For Polygon In a post on X, analyst Ali has discussed about a parallel channel that Polygon has been consolidating inside during the last few weeks. The “parallel channel” here refers to a technical analysis (TA) pattern that’s drawn using two parallel trendlines. This pattern’s upper line joins successive tops in the asset while the lower one connects bottoms. While the price is inside the region bounded by these two lines (the “channel”), it’s probable to stay trapped in it, only consolidating sideways. Related Reading: Analyst Says $71,000 Bitcoin Move Is Only Halfway Through, Here’s Why Naturally, retests of the upper line can likely result in reversals back to the downside, while the lower one may act as a source of support, helping the coin bottom out and regain an uptrend. There are different types of parallel channels in TA, like the ascending and descending ones, where the channel is slopped upwards or downwards. In the context of the current topic, though, a parallel channel parallel to the time axis is of interest. This means consolidation inside this channel occurs between the same top and bottom levels. Like with other consolidation patterns in TA, a break out of the trendlines of the parallel channel can also suggest a continuation of the trend in that direction. More specifically, a surge above the pattern can suggest bullish momentum for the asset, while a drop under the channel may spell a bearish outcome instead. Now, here is a chart that shows how the parallel channel that Polygon has been consolidating inside has looked like over the past month: From the above graph, it’s visible that Polygon has been stuck in consolidation inside this parallel channel since the cryptocurrency crash last month. The asset has made some attempts at the upper level, but so far, all of them have failed, with the coin unable to find any break. MATIC is currently floating near the level, so another retest may be coming up soon. Related Reading: Bulls In Control: Ethereum Longs See Biggest Candle Ever After ETF News If the Polygon price surges above the channel this time, it may enjoy some sustained bullish momentum. “A breakout above $0.76 could trigger a 17% surge, pushing $MATIC to $0.88!” notes Ali. This price target is based on the fact that the crash last month, which threw the asset into this consolidation, occurred starting from around that level. Given this potential retest of the upper line of the channel, it now remains to be seen how the cryptocurrency performs in the coming days. MATIC Price Polygon almost touched the $0.76 upper level of the channel yesterday, but the coin has since observed a pullback, and it’s now back down to $0.72. Featured image from Shutterstock.com, charts from TradingView.com
The cryptocurrency exchange landscape is a battlefield of trust. With centralized platforms still reeling from high-profile scandals like FTX and Celsius, any misstep can send user loyalty plummeting. Nexo, a platform that had recently emerged relatively unscathed, now finds itself in hot water after a surprise fee increase sparked outrage amongst its customer base. Related […]
AI-generated content creates a huge online disinformation threat. Blockchain can help verify and authenticate that what is being said is true, says William Ogden Moore, Research Analyst at Grayscale Investments.
The benefits of transparency, security, and efficiency could be useful in dozens of industries when sourcing and managing supply chains, says Julie Lamb, Head of Events at Crypto Mondays.
Researchers at OpenAI rival Anthropic are peering inside the black box of their model. It could change how we understand generative AI.
Ether {{ETH}} is expected to experience a period of volatility this week after exchange inflows spiked to its highest level since March, according to a report by data provider CryptoQuant.
Quick Take A report compiled by wealth management firm Incrementum, shared by Tuur Demeester, a researcher at Adamant Research sheds light on the growing institutional interest in Bitcoin. The research, titled “The New Gold Playbook,” highlights the increasing resemblance of Bitcoin to gold, supported by various charts. Incrementum’s data show that central bank gold holdings […]
The post Bitcoin market cap nears 10% of gold as institutional interest soars – Incrementum report appeared first on CryptoSlate.
Laszlo Hanyecz is famous for spending 10,000 bitcoin on two pizzas. But his involvement with Bitcoin development goes much deeper than food purchases.
Bitcoin dropping below $60,000 at the beginning of May spooked the market and led to significant volatility across trading products. However, despite the massive volatility in derivatives, the spot market seems to have led most of this recovery, with volumes and inflows helping stabilize BTC at around $66,000 in mid-May. After a choppy few days […]
The post Bitcoin’s surge above $70k sparked exchange inflows appeared first on CryptoSlate.
Singapore, Singapore, May 22nd, 2024, GamingWire Avocado DAO, a leading Web3 gaming guild, is proud to announce the launch of their new event, Bumpathon. This event celebrates the introduction of Bumpies Brawl Quest, an incremental idle game incubated by Avocado DAO. The event will run until May 30, 2024, offering participants the chance to win […]
The post U.S. Biden Administration Seeks Revisions to FIT 21 Bill for Better Consumer Protection, Says It Won’t Veto appeared first on Coinpedia Fintech News
The Biden administration has officially stated its opposition to the Financial Innovation Transparency (FIT) 21 bill in its present form, citing significant concerns over the lack of adequate protections for consumers and investors. Despite this opposition, the administration has expressed a willingness to collaborate with Congress to achieve a more balanced and comprehensive regulatory framework …
Biden opposes the House crypto bill but won't veto it. The White House cites a lack of investor protections in the FIT21 Act.
The post White House opposes FIT21, citing concerns over lack of investor protection appeared first on Crypto Briefing.
Ahead of the House of Representatives vote on FIT21, President Biden did not threaten a veto—unlike the recent SAB 121 bill.
Titan of Crypto, a well-known cryptocurrency trader and expert, in a daring prediction that has drawn the attention of the crypto community, forecasting an impending significant rally for Ethereum (ETH) to unprecedented heights while putting his next price target for the crypto asset at the pivotal $5,300 level. The analyst’s prognosis indicates that Ethereum, fueled by favorable market circumstances and rising investors’ confidence, is poised for massive gains. This forecast comes at the heel of ETH’s recent robust price performance and increasing market optimism. Ethereum Path To Massive Rally In February, Titan of Crypto hinted at the formation of a Bullish Cypher Pattern on Ethereum‘s weekly chart. “Just like for Bitcoin, a bullish cypher pattern is currently playing out on ETH weekly chart as well,” he stated. Related Reading: Ethereum Price Rally: Far from Over, More Gains Ahead! Due to this, the expert pointed out several targets for the asset to reach in the near term, such as $2,410, $2,881, $3,353, and $4,024, indicating a 38.20%, 50.00%, 61.80%, 78.60% upswingm respectively, from the current price then. Earlier this month, Titan of Crypto noted that the bullish cypher pattern has successfully developed, and the aforementioned price targets have all been achieved, suggesting a substantial rally is on the horizon. At that time, the crypto expert underscored that ETH was at the 38.2% Fibonacci retracement level, which he also dubbed the 1st stop ($2,880). Should the coin manage to sustain this level, Titan of Crypto anticipates a move on the upside from the level. However, today, as predicted by the expert, Ethereum performed a flawless recovery from the 1st stop ($2,880) point. As a result, the crypto asset is currently forming a bull flag pattern on the weekly timeframe, citing $5,300 as the next price target for ETH to reach. However, this is not the final destination, suggesting the potential for Ethereum to surge even higher in the upcoming months. With ETH displaying strong price performance, it could mean that the Altcoin season could be coming into play in the near future. Indicator That Suggests A Price Correction On The Downside Although Titan of Crypto anticipates a massive rally for ETH, Ali Martinez has underlined the potential for the asset to decline soon. According to Ali Martinez, the TD Sequential indicator on Ethereum’s 4-hour timeframe on May 15, previously displayed a promising buy signal. This development practically led to a 32% rise in the price of Ethereum. Related Reading: Expert Sets Timeline For When Ethereum Price Will Begin Rally To $10,000 However, now that the ETH Spot Exchange-Traded Funds (ETFs) are generating so much buzz, the indicator has transitioned to a sell signal. Consequently, Ali Martinez predicts a downward correction of one to four candlesticks. At the time of writing, ETH had increased by over 28% in the past week, trading at around $3,728. Despite the recent price momentum, the asset’s market cap and trading volume are down by 1.56% and 28%, respectively. Featured image from iStock, chart from Tradingview.com