Recently, the price of Toncoin (TON) witnessed a rapid decline, causing investors and traders to worry about the asset’s potential. The bear’s refusal to surrender control can cause TON’s price to drop, increasing the negative market sentiment around it. The entire cryptocurrency ecosystem is always volatile and unpredictable, with many price fluctuations based on various…
The U.S. Congress Democratic committee members are preparing to endorse the Securities and Exchange Commission’s (SEC) stringent regulation of digital assets in their efforts to assert control over the crypto industry. A new memo pointing towards a hearing on digital assets regulation circulated among the Democrat committee, sparking reactions among top crypto leaders. In a…
Eun Young Choi, the first director of the National Cryptocurrency Enforcement Team (NCET), has told reporters that crypto-related crimes have risen significantly in recent years. Through her team, the United States Department of Justice (DoJ) now plans to go after rogue exchanges that knowingly allow criminals to launder money. NCET Wants Exchanges To Be Compliant…
After eight consecutive red daily candlesticks, the Bitcoin price ended the day yesterday (Sunday) with a green daily candle. The Bitcoin and crypto market is entering a week that, while not a macro blockbuster week, could still be trend-setting for the crypto market. Friday in particular could once again be the most important day of…
The largest crypto exchange in the US, Coinbase, has made a notable move regarding the allegation from the US Securities and Exchange Commission on securities law violation. Coinbase engaged a Global Advisory Council for the battle with the SEC. The council comprises heavy hitters from both the political and legal sectors. Coinbase Gets Heavyweights In…
Ripple’s Chief Technology Officer (CTO), David Schwartz, responded to a tweet from a crypto enthusiast, calling the BEN Coin project a 100% rug pull. Schwartz asked the poster why he believed such but still stated his reservations about the new crypto project. So many crypto coins launch daily in the market. However, scam projects and…
In a recent development, the digital asset firm Bakkt delisted 25 tokens used in decentralized finance transactions from its trading platform, Apex Crypto. Bakkt acquired the platform in 2022 with 36 tokens, now 11 after the overhaul exercise. According to the firm, its reasons for delisting the tokens was to follow “up-to-date regulatory guidance.” 25…
OKX Wallet has announced the launch of its new platform, Cryptopedia, and its partnership with protocols, Radiant and Marinade. This announcement would come following wide discussions about the waning influence of Binance, the world’s largest cryptocurrency exchange. OKX Launches Cryptopedia; Partners With Radiant And Marinade In a GlobeNewswire press release dated May 13th, 2023, OKX…
Despite the prevailing bearish trend in the crypto market, venture capital firms consummated several deals worth billions in the first quarter of 2023. Data from PitchBook’s Crypto Report for Q1 2023 disclosed that crypto firms generated $2.6 billion through 353 investment rounds. Though the level of deals from the companies indicated the viability of the…
PayPal share prices are plunging and currently down 80% from 2021 peaks; the largest draw down ever, market data on May 12 shows. PYPL closed the week at $61.69, down 3% from Thursday, March 11. PayPal Shares Crumbling Analysts observe that the decline in PayPal’s stock price has also resulted in a notable shift in…