BTC & ETH Drops as UK CPI Hits after Ages

Bitcoin Ethereum  BTC & ETH Drops as UK CPI Hits after Ages  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The post BTC & ETH Drops as UK CPI Hits after Ages appeared first on Coinpedia Fintech News  Bitcoin and other major cryptocurrencies fell due to poor UK performance in broader equity markets. With Bitcoin dropping below $27k during Asia trading and markets reacted to poor UK inflation figures. UK surprises as CPI (Customer Price Index) rose to 6.8% since 1992, surpassing the forecast of 6.2%. UK banks ongoing pressure in an interest rate hike, Bitcoin drops 2% in the past 24 hours, trading below the $27k resistance level and reversing earlier gains. Ether traded around $1,800 while SOL & BNB tokens show a loss.

2023-05-25Industriya

Ethereum Has Dual Regulatory Potential as Commodity and Security

Ethereum  Ethereum Has Dual Regulatory Potential as Commodity and Security  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Dan Berkowitz, a former commissioner of the CFTC and former general counsel at the SEC, hinted that it is possible to categorize Ethereum as both a commodity and a security.  As cryptocurrencies grow more popular, there is a rising need for clarity about their legal status, as many people see them differently based on the regulatory provisions within their jurisdiction. In what seems like an addition to the ongoing talks about the regulatory status of Ethereum, Dan Berkovitz, a former commissioner of the Commodities Future Trading Commission (CFTC), said in an interview on the May 23 edition of the unchained podcast that Ethereum could be a security and, at the same time, a commodity.  According to him, Ethereum can fall under the Securities and Exchange Commission (SEC) and the CFTC regulatory provisions. While the former is making efforts to classify Ethereum clearly but tilts towards regarding it as a security, the latter regard it as a commodity.  Explaining CFTC and SEC Overlapping Definitions  Speaking further, he examined the definitions the two regulatory bodies provided for securities and commodities and identified some shared characteristics. According to the CFTC‘s provision, a

2023-05-25Ethereum

Vitalik Buterin’s pre-crypto game makes waves on Ethereum’s IPFS Network – Cryptopolitan

crypto Ethereum  Ang pre-crypto game ni Vitalik Buterin ay gumagawa ng mga wave sa IPFS Network ng Ethereum – Cryptopolitan  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  In the ever-evolving landscape of crypto and blockchain technology, there are few names that stand out as prominently as Vitalik Buterin. As the co-founder of Ethereum, Buterin has been instrumental in shaping the future of decentralized applications and smart contracts.  However, it is not just his contributions to the world of finance that have garnered attention; Buterins foray into the realm of games has been making waves in the crypto community, captivating audiences, and setting new standards for innovation.  Vitalik Buterin, co-founder of Ethereum, has introduced his followers to a “real-time strategic game” dubbed Slasha. Buterin on Tuesday referred to it as a “totally random fun thing” and encouraged his followers to try it.  Vitalik Buterin provided a brief description of the game and disclosed that he had created it in 2011, prior to his involvement in the cryptocurrency industry. In the game, players assume the role of commanders, directing their armies against the evil forces of a wicked wizard and his demon minions.  Ganap na random na nakakatuwang bagay:  Kumuha ako ng larong ginawa ko sa aking pre-crypto days

2023-05-25Ethereum

Ethereum price is pinned below $1.9K, and data suggests that is unlikely to change in the short–term

Ethereum  Ang presyo ng Ethereum ay naka-pin sa ibaba $1.9K, at iminumungkahi ng data na malamang na hindi magbago sa panandaliang panahon  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Ether‘s price has been stuck below $1,920 for the past 16 days, which is especially concerning since the latest breakout attempt on May 6 lasted less than 24 hours. Excluding this brief price pump, Ether’s (ETH) journey below $1,920 was initiated on April 21, over 30 days ago.  One can likely blame the Ethereum network‘s $8.80 average transaction fee for investors’ diminished appetite, but the macroeconomic environment has also played an important role. On May 22, JPMorgan Chase CEO Jamie Dimon said it is impossible to predict the outcome of the Federal Reserves monetary policy, designed to curb inflation.  As CNN reported, Dimon added:  “Youre already seeing credit tighten up because the easiest way for a bank to retain capital is not to make the next loan.”  The uncertainty surrounding the United States debt ceiling standoff between Joe Biden‘s administration and the U.S. Congress is the probable cause for the worsening sentiment among institutional investors toward cryptocurrencies. According to CoinShares’ latest “Digital Asset Fund Flows Report,” outflows across digital asset investment products hit $232 million over the

2023-05-24Ethereum

Elon Musk Asks Not To Bet The Farm On Crypto And Dogecoin

“Im not advising anyone to buy crypto or bet the farm on Dogecoin,” said Tesla and Twitter CEO Elon Musk during a virtual conference hosted by the .  Musk also agreed that he remains a fan of Dogecoin meme coin, saying  Elon Musk Warns Investors of Putting All Money in Crypto or Dogecoin  Sa panahon ng CEO Council Summit in London, Elon Musk Nagbahagi a rare piece of advice for investors to avoid putting all their money on crypto or Dogecoin. Elon Musk advising crypto enthusiasts and Dogecoin fans is slightly in contrast to his recent stance on crypto and Dogecoin.  Elon Musk just gave his current views on crypto on an interview with WSJ  Elon Musk hinted at integrating Dogecoin for payments on Twitter and even accepting DOGE as payment for the Twitter Blue subscription. Dogecoin created as a joke now has a market capitalization of $10 billion, entering the top 10 cryptocurrencies.  He even changed the iconic Twitter logo from “blue bird” to Dogecoin logo recently to show his support for the meme coin. However, Musks massive support for Dogecoin caused a $258 billion racketeering lawsuit accusing him Musk of running a pyramid scheme. In April, he urged the court to dismiss the lawsuit.  In

2023-05-24Industriya

Crypto Exchanges Are Experiencing a Big Drop in Asset Inflows

The amount of digital assets being moved into centralized crypto exchanges has fallen to its lowest level for this market cycle.  On May 23, on-chain analytics platform Glassnode reported that major asset inflows to crypto exchanges are currently at a cyclical low. Furthermore, they are at the lowest value since the start of the last bull market at $1.65 billion.  Glassnode commented on the low liquidity at the moment, and its correlation to crypto exchange flows:  “With exchanges being the primary destination for market speculation, a large compression in inflows highlights the fact that structural market liquidity remains extremely low.”  It added that this was compounded by the removal of major market makers. Earlier this month, global market makers Jane Street and Jump Crypto axed their U.S. trading plans due to the ongoing regulatory crackdown.  Crypto exchange flow across major assets – glassnodeCrypto Exchange Liquidity Falling  The data suggests that low liquidity could induce higher market volatility. Earlier this week, BeInCrypto reported that higher volatility was on the horizon following a tightening of price ranges.  Moreover, Glassnode confirmed the findings stating that this could also be a catalyst for more volatility.  “With an increasingly illiquid market, with very thin order books, the likelihood of market volatility largely increases.”  Exchange

2023-05-24Industriya

Binance Removes Top Crypto AUD Trading Pairs

Binance, the worlds largest cryptocurrency exchange, has announced the removal of several trading pairs, including those involving the Australian Dollar (AUD), from its platform. The announcement comes amid ongoing regulatory challenges faced by the exchange, particularly in Australia. Binance has been under investigation by the Australian Securities and Investment Commission (ASIC) regarding its operations and compliance with local regulations.  Binance Halts Spot Trading Pairs  In the blog post titled “Notice of Removal of Trading Pairs,” they revealed that the following spot trading pairs would be removed and cease trading on specific dates and times:  At 2023-05-26 03:00 (UTC): APT/BRL, AMP/BTC, BEL/ETH, FIS/BRL, GAL/ETH, GMT/BRL  At 2023-05-26 05:00 (UTC): APE/AUD, AVAX/AUD, AXS/AUD, DOT/AUD, FTM/AUD, LINK/AUD, SAND/AUD, SHIB/AUD  At 2023-05-26 06:00 (UTC): GMT/GBP, JASMY/BTC, KP3R/BNB, REI/BNB, SANTOS/BRL, STMX/BTC, XTZ/BNB  Binance clarified that users would still be able to trade the affected assets on other available trading pairs within the platform. Additionally, the exchange announced the termination of Trading Bots services for the mentioned spot trading pairs on the respective dates and times.  Binance Licence Cancelled In Australia  The removal of AUD trading pairs, scheduled to take effect on May 26, 2023, is seen as a strategic move by Binance in response to the regulatory challenges it faces in the country.  ASIC

2023-05-24Industriya

Top 10 Crypto Trading Bots to Help You 2x Your Profits

The cryptocurrency market is volatile, and making money can be difficult. However, some cryptocurrency trading bots can assist you in automating your trading and capitalizing on market opportunities. This article will go over the top 10 crypto trading bots that can help you 2x your profits. Lets take a look at it in more detail.  It is critical to understand that not all cryptocurrency trading bots are created equal. Some bots cost more than others, and some offer more features than others. It is critical to select a bot that is appropriate for your needs and budget.  Its also worth noting that no bot can guarantee profits. The cryptocurrency market is volatile, with prices fluctuating rapidly. Even the most sophisticated bots can lose money. It is critical to use a bot as a tool to assist you in making more informed trading decisions, not as a means of getting rich quickly.  If you want to use a crypto trading bot, you should do your research and pick one that is right for you. There are numerous factors to consider, including the cost of the bot, the features it provides, and the exchanges with which it is compatible.  There are no guaranteed strategies for doubling

2023-05-24Industriya

Ethereum Price Trims Gains and Could Revisit Key Range Support

Ang Ethereum ay kasalukuyang gumagalaw nang mas mababa mula sa $1,880 resistance zone.  Ang presyo ay kinakalakal sa ibaba $1,830 at ang 100-oras na Simple Moving Average.  Mayroong isang pagkonekta ng bearish line ng linya na bumubuo sa paglaban na malapit sa $ 1,840 sa oras-oras na tsart ng ETH / USD (data feed sa pamamagitan ng Kraken).  The pair could accelerate lower toward the $1,790 and $1,780 levels.  Ethereum Price Fails Again  Ethereums price attempted a fresh increase above the $1,850 resistance zone. However, ETH bears remained active near the $1,880 level and the price started another decline, similar to Bitcoin.  The price declined from the $1,873 high and traded below the $1,850 support. There was a clear move below the 50% Fib retracement level of the upward move from the $1,792 swing low to the $1,873 high. Ether price is now trading below $1,830 and the 100-hourly Simple Moving Average.  There is also a connecting bearish trend line forming with resistance near $1,840 on the hourly chart of ETH/USD. Immediate resistance is near the $1,830 zone and the 100-hourly Simple Moving Average.  Pinagmulan: ETHUSD sa TradingView.com  The first major resistance is near the $1,840 level and the trend line. A close above the $1,840 resistance could send

2023-05-24Ethereum

International securities regulator proposes framework for crypto assets

The International Organization of Securities Commissions (IOSCO) has proposed the first-ever global approach for regulating the crypto asset and digital markets. This game-changing development aims to fortify consumer protection and uphold market integrity across the expansive and evolving crypto landscape.  In a paradigm shift for crypto finance, IOSCO has proposed a groundbreaking regulatory framework for the crypto asset and digital markets.  International securities watchdog IOSCO unveiled on Tuesday the first global approach to regulating cryptoasset and digital markets, drawing on lessons from last years collapse of the FTX exchange that fuelled concerns over consumer protection.   — SABC News (@SABCNews) Mayo 23, 2023  This significant step, spurred by last years FTX exchange collapse and a call for standardized rules by the crypto industry, has opened the door to a more secure and streamlined global crypto landscape.  Jean-Paul Servais, the Chairman of IOSCO, characterizes the proposed regulations as a “turning point,” marking a concerted effort to address pressing risks to investor protection and market integrity.  With a firm footing in established financial markets safeguards, the IOSCO proposals aim to manage a broad spectrum of potential issues, from conflicts of interest and operational risks to market manipulation.  Filling the regulatory void  IOSCOs policy recommendations, now open for public comment, emphasize

2023-05-24Industriya
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