The Bitcoin price slipped below $60,000 level on Wednesday in wake of US Consumer Price Index (CPI) inflation data that supported the case for the US Federal Reserve to start cutting interest rates next month. The CPI rose MoM pace of 0.2% and a YoY pace of 2.9% in July, more or less in line...
Moreover, the analysts looked at the metric called the Accumulation Trend Score (ATS). It assesses a weighted balance change across the market. The ATS also suggests a return to the accumulation-dominant behavior. What’s more, the ATS hit its highest possible value, “suggesting significant accumulation throughout the last month.” Long-Term Investors Are Accumulating Wealth Moving towards...
The company confirmed that the collateral intended to secure the AEUR stablecoin’s peg is now part of the bankruptcy proceedings, with no preferential treatment. Despite ongoing efforts to expedite the withdrawal of these funds and transfer them to other banking partners, the situation still needs to be determined. Consequently, onboarding new clients and issuing and...
Under Russian law, crypto exchanges have no legal status and are not regulated by any Russian governmental body. 🇷🇺 President Vladimir Putin appointed his aide and former bodyguard Alexei Dyumin to oversee Russia’s military response to the Ukrainian surprise attack in the Kursk region, a federal lawmaker said More updates here https://t.co/StoxlqNtYK pic. .com/u2IklmNKlb —...
Positive Financial Results The timing of the move will raise eyebrows in South Korea’s vibrant crypto community. This week, Bithumb announced a deal with NH that allows its customers to open crypto wallet-linked bank accounts via its exchange platform. Bithumb has also unveiled positive financial results for the second quarter of the financial year. Buoyed...
Following recent state regulatory changes, Coinbase Hawaii has relaunched, empowering residents to buy, sell, and manage various cryptocurrencies on its platform. Hawaii’s progressive stance on crypto regulations, particularly the June 28 decision to lift the money transmitter (MT) license requirement for crypto firms, paved the way for this development. While an MT license is no...
This surge in activity, however, has sparked controversy among the platform’s users. Tyler Stockfield, also known as ANΦN on X, expressed frustration in response to Pump.fun’s tweet, questioning the value of the platform’s current state. “How is this a good thing anymore?” he wrote, criticizing the platform’s focus on generating fees at the expense of...
Market Impact and the Future of Mt. Gox Claims Despite anticipation surrounding a potential sell-off of these distributed assets, the market has remained relatively stable. No significant price drop has been observed. The Mt. Gox exchange, once the world’s largest Bitcoin exchange, collapsed in 2014 after losing 850,000 BTC in a massive hack, leading to...
The suspicious sell order, interpreted as a potential red flag for market manipulation, has fueled fears of whale manipulation. This practice, often called spoofing, involves large-volume traders placing a series of orders above or below the current market price. These orders, intended to artificially move the market in a desired direction, are then often canceled...
As the Democratic presidential nominee, Vice President Kamala Harris may escalate the Biden administration’s strict cryptocurrency regulations, based on recent industry reports and expert analysis. Kamala Harris Advisor Choices Signal Potential Crypto Crackdown Harris has reportedly engaged Brian Deese and Bharat Ramamurti, former economic advisers in the Biden administration, known for opposing the Clarity for...