Tag: cryptocurrency exchange

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Lawmaker Criticizes Biden-Harris Administration’s Approach to Defi Regulation

September 11, 2024

House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing. He criticized the Biden administration’s regulatory approach and urged Congress to keep discussions open on supporting defi innovation. Hill noted that current regulatory frameworks were created for a system reliant on centralized intermediaries, not the decentralized, peer-to-peer…
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Ethereum Price Eyes Bullish Momentum: Is a Breakout Imminent?

September 11, 2024

Ethereum price is attempting a fresh increase wave above $2,300. ETH might gain bullish momentum if it clears the $2,400 resistance zone. Ethereum is attempting a recovery wave above the $2,300 zone. The price is trading above $2,330 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at…
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China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals

September 11, 2024

China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese central bank digital currency (CBDC) have been conducted in 17 different areas, accumulating a total transaction value of…
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FCA Files First Charges Against Unregistered Crypto ATM Operator in UK

September 11, 2024

The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is accused of running a network of crypto ATMs that processed £2.6 million in transactions without registration, violating anti-money laundering…
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Bitcoin Price Battles to Extend Gains: Will It Clear $58K?

September 11, 2024

Bitcoin price started a decent increase above the $56,500 resistance. BTC is now struggling to clear the $58,000 resistance and is consolidating gains. Bitcoin is attempting a fresh increase from the $52,500 support zone. The price is trading above $56,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming…
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Ethereum Whales Allocates $2.1 Million Across Sui and New ETH Gambling Casino ICO Mpeppe (MPEPE)

September 10, 2024

Ethereum (ETH) whales are eyeing promising opportunities to diversify their portfolios. Recently, a group of ETH whales allocated a significant $2.1 million across Sui (SUI) and the new Ethereum-based gambling casino ICO, Mpeppe (MPEPE). This move has sparked widespread interest within the crypto community as investors explore the future potential of both projects. Let’s dive…
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Bitcoin Sees 2 Consecutive Heikin Ashi Signals On The Weekly Chart, What This Means

September 10, 2024

Crypto analyst Jesse Olson has highlighted the second consecutive Heikin Ashi signal on the Bitcoin (BTC) weekly chart. This comes despite Bitcoin’s recent rise to as high as $58,000, which suggests that a bullish reversal might be on the horizon.  What The Heikin Ashi Signal Means For Bitcoin While highlighting the second consecutive Heikin Ashi…
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Will Polkadot Accept This Major Request From A RWA Platform? DOT Down 65%

September 10, 2024

Centrifuge, a real-world asset (RWA) solution and a Parachain, has a plan for Polkadot, a smart contracts platform. In a proposal, the RWA platform suggests that the newly created Polkadot Community Foundation allocates $3 million USDC to their T-Bill pool. This pool is held within the Anemoy Liquid Treasury Fund and aims to serve multiple…
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Glassnode Reports Rising Bitcoin Hashrate, ETF Outflows, and Lower Investor Engagement

September 10, 2024

Glassnode’s latest report reveals a persistent rise in Bitcoin’s hashrate despite falling revenues for miners. Concurrently, investor engagement with exchanges and trade volumes are showing a notable decline, reflecting reduced appetite for speculation. Miners Persist Amid Bitcoin Market Challenges as Investors Reduce Activity Bitcoin miners continue to demonstrate resilience, as highlighted in Glassnode’s onchain report.…
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Ramp Network Expands Crypto Services to All 50 US States

September 10, 2024

Ramp Network, a fintech company, has extended its cryptocurrency purchasing services to encompass all 50 U.S. states, including the District of Columbia. This growth, Ramp explained on Tuesday, broadens its user base by adding support for 17 more states, making it easier for users to buy and sell digital currencies. Ramp Network Covers 50 States,…
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