Throughout the last year, the U.S. Securities and Exchange Commission (SEC) has identified numerous crypto assets as securities in cases involving Binance, Bittrex, Coinbase, Terra’s Do Kwon, Tron’s Justin Sun, and several more. The aggregate worth of these prominent digital assets, considered securities, currently amounts to $98 billion, making up over 8% of the cryptocurrency…
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The social trading and investment company Etoro declared on Monday that starting July 12, 2023, U.S. customers would be unable to initiate new trades for ALGO, MANA, DASH, and MATIC. The company cited the “rapidly evolving regulatory landscape” as the reason behind the delistings. Etoro Reveals Plans to Delist 4 Crypto Assets Based in Tel…
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According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news follows the SEC’s designation of several crypto assets as securities, including the case against Terraform Labs, which insists…
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Despite facing opposition from the US government, Bitcoin has demonstrated resilience by achieving a nine-month high of $29,182 earlier today and, consequently, setting a new record for 2023. With less than two days remaining before the weekly and monthly candle close, increased market volatility is expected. Given these circumstances, the question arises: What is Bitcoin’s…
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On Wednesday, Federal Reserve Chair Jerome Powell’s remarks caused cryptocurrencies to tumble, resulting in a loss of $34.186 billion or 3.09% for the total cryptocurrency market cap. As of writing, the crypto market is attempting to make a recovery with the total market cap rising by 4.46%, bringing it to $1.17 trillion so far today.…
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The Federal Reserve was facing a tough decision as it weighed the stability of the banking system against economic stability in its interest-rate decision–but decided to hike rates by 25 basis points Wednesday in an effort to continue to curb inflation and give its vote of confidence in the stability of the financial system…. Read…
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Algorand is one of the fastest growing crypto in terms of gains. According to CoinGecko, the token has appreciated by 30% in the last two weeks. With the broader crypto market rallying as Bitcoin breaks its crucial $21,000 resistance, ALGO is set to gain more in the next few days. The Total Value Locked department…
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Near protocol fell to its lowest level in over sixteen months, as bearish pressure intensified on Nov. 21. Overall, cryptocurrencies started the week trading lower, following increased speculation on a prolonged market crash. Algorand was another notable token to fall, dropping by over 11% today. Near Protocol (NEAR) Near protocol (NEAR) dropped to its lowest…
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Algorand has been a notable exception in what has been a relatively bearish start to the weekend. On Nov. 19, the token rose by nearly 10%, as cryptocurrency markets mostly traded lower. Another noteworthy exception was tron, which climbed for a second consecutive day. Algorand (ALGO) Algorand (ALGO) was a notable gainer on Saturday, as…
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Shockwaves have continued to roar across the cryptocurrency market following the demise of FTX, one of the largest cryptocurrency exchanges in the world. Investors and businesses exposed to the now-bankrupt platform have no option but to write off their losses and figure their way out of this unfortunate event…. Read More: Best Crypto to Buy…
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