Bitcoin (BTCUSD) Continues with Modest Gains Bitcoin is making modest gains as buyers drive the price upward from $91,000 toward the psychological $100,000 level. This week’s bullish market sentiment indicates a sustained upward trajectory, with buyers displaying resilience after last week’s dip from $102,720. Bitcoin Key Levels Resistance Levels: $100,000, $102,720 Support Levels: $91,000, $95,000 […]
eToro, a well-known stock trading platform, is set to discontinue trading for the majority of its crypto assets after reaching a settlement with the United States Securities and Exchange Commission (SEC). The platform faced accusations of running an unregistered brokerage and clearing agency linked to its crypto trading services. As part of the settlement, eToro […]
The U.S. Securities and Exchange Commission (SEC) continues to tighten its grip on the cryptocurrency industry, with recent actions sparking debate and raising concerns among market participants. As the regulatory landscape evolves, crypto companies and advocates are pushing back against what they see as overreach by the federal agency. To start with, U.S. crypto exchange […]
In a significant development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has indicated plans to amend its complaint against Binance, the world’s largest crypto exchange. This move could change how certain digital tokens are classified under securities law. The SEC filed a lawsuit against Binance and its former CEO, Changpeng Zhao, […]
The SEC is not actively considering Ethereum ETF applications, despite having one month until the approval deadline. Industry experts predict that Ethereum (ETH) spot ETFs will probably be rejected by regulators for public trading next month.If denied, U.S. investors may not have access to such products until December 2024 at the earliest, leaving Ethereum behind […]
Coinbase, the American cryptocurrency exchange, has submitted a motion to certify an appeal in response to the lawsuit initiated by the Securities and Exchange Commission (SEC) against the company. On April 12, Coinbase’s legal team lodged a request with the court, seeking approval to pursue an interlocutory appeal in its ongoing case.The central issue revolves […]
In a significant development with potential ramifications for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) is seeking a substantial penalty from Ripple Labs in a landmark case. The SEC has proposed a fine of nearly $2 billion, urging a New York court to assess the severity of Ripple’s alleged misconduct involving unregistered […]
Philippines Securities and Exchange Commission imposes restrictions on Binance access, citing concerns about illegal activities and the protection of investors. The Philippines Securities and Exchange Commission (SEC) has enacted measures to limit local access to the Binance cryptocurrency exchange. This action is a response to concerns regarding Binance’s alleged involvement in illegal activities within the […]
The U.S. Securities and Exchange Commission (SEC) announced on January 18 a delay in its decision regarding Fidelity’s proposed Ethereum spot exchange-traded fund (ETF). This delay pertains to a proposed rule change enabling Cboe BZX to list and trade shares of Fidelity’s intended fund. Originally filed on November 17, 2023, and published for public comment […]
