Coinbase, one of the leading cryptocurrency exchanges globally, faces a lawsuit from US regulators, hot on the heels of similar legal action against Binance, another industry heavyweight. The Securities and Exchange Commission (SEC) accused Coinbase of operating illegally without prior registration, a mandatory requirement for securities trading firms in the US. Considering this recent macroeconomic…
Read more
The U.S. Securities and Exchange Commission announced today that it has filed charges against Binance, the world’s largest cryptocurrency exchange, for violating federal securities laws. The SEC alleges that Binance mismanaged billions of dollars of client funds and deceived regulators and investors. How might this affect the selection of the best cryptos to buy now?……
Read more
The cryptocurrency market has been affected this week by uncertainty surrounding the U.S. debt ceiling vote and potential interest rate hikes. While legislation to raise the debt ceiling and cut government spending was introduced in the House of Representatives on Tuesday, the market remains on edge due to the bill’s unclear fate until it is…
Read more
Conservative Republicans are opposing the bipartisan agreement to raise the U.S. debt ceiling, which could result in a U.S. default if it doesn’t pass its first test in Congress. Both President Joe Biden, a Democrat, and the leading Republican figure in Congress, House Speaker Kevin McCarthy, anticipate the requisite votes to enact the bill before…
Read more
Enthusiasm for Pepe coin (PEPE), a Pepe the frog meme coin that exploded onto the scene in mid-April and went on to claim a market capitalization of around $1.8 billion at its all-time high, continues to wane. PEPE was last changing hands in the mid-$0.0000014s, down around 70% form its all-time high price in the…
Read more
Since listing on OKX and ByBit, one of the world’s largest centralized cryptocurrency exchanges, four days ago, both Turbo Coin (TURBO) and Il Capo of Crypto (CAPO) token have fallen sharply. TURBO, a meme coin created by generative artificial intelligence (AI) model GPT-4, which also powers viral AI chatbot ChatGPT, was last changing hands around…
Read more
The minutes from the Federal Reserve’s early May meeting reveal a lack of consensus regarding future interest rate changes, bringing an air of uncertainty to markets today. Officials expressed indecision about whether to continue raising rates or maintain the status quo. In light of this uncertain macroeconomic backdrop, what are the best cryptos to buy…
Read more
Tether, the largest stablecoin issuer and one of the most controversial companies in crypto, announced a new investment strategy today: the company will allocate up to 15% of its reserves to buy and hold Bitcoin. The strategy moves away from Tether’s long-held conservative investment approach and shows that the company believes that Bitcoin is the…
Read more
In a financial landscape characterized by soaring volatility, Bitcoin, the flagship cryptocurrency, is demonstrating a shift from its bullish trajectory that had set the tone for the year. Today’s trading pattern shows a notable pullback from last month’s high of $31,046, presenting a murky market sentiment. Given this state of flux, what are the best…
Read more
Bitcoin has dipped below the $27,500 mark, effectively neutralizing the gains previously sparked by U.S. inflation data. This trend has been developing over the last month, ever since Bitcoin peaked above $30,600 in mid-April. Given the ongoing bearish market trend, what are the best cryptos to buy now? Data collated by Santiment suggests a decrease…
Read more
