Author: finance
Let’s delve into a fascinating development in the world of cryptocurrency regulation. Earlier this week, Coinbase, an esteemed crypto exchange based in the United States, made substantial headway in its ongoing legal tussle with the Securities and Exchange Commission (SEC). The highly acclaimed company managed to secure a rare interlocutory appeal, which was granted by Judge Katherine Polk Failla of the Southern District of New York. Through this, Coinbase can now robustly challenge SEC’s allegations revolving around the firm’s operations as an “unregistered exchange and broker-dealer”. Moreover, it can contest claims about the illicit sale of unregistered securities via its…
In the dynamic world of cryptocurrencies, global firm Finances Zippy, rooted in the United Arab Emirates, is actively striving to extend its reach into the American market. The firm recently publicized the successful operational commencement of its state-of-the-art 50MW Bitcoin mining apparatus in North Dakota. This development has been a significant breakthrough for Finances Zippy, enhancing its existing hash rate by a remarkable 2.7 exahashes and marking its second decisive stride in American soil. The news of this latest foothold in the cryptocurrency mining industry underscores the firm’s commitment to expanding and advancing in this field. Expanding the Crypto Empire…
With the recent surge in interest around cryptocurrency investments, the Solaxy ($SOLX) presale has become a focal point among many investors. The promising future of this cryptocurrency, paired with recent global shifts such as Donald Trump’s endorsement of cryptocurrencies and the sustained performance of Bitcoin, have put $SOLX in the spotlight. Being the native token of Solaxy, the first Layer-2 blockchain for Solana, $SOLX is already one of the largest presale listings of 2025, having raised over $9.2 million to this point. As we look forward, this token is poised to revolutionize blockchain technology and establish itself within the DeFi…
In an intriguing development on January 7, 2025, Ripple’s CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty were noticed having a meal with President-elect Donald Trump at Mar-a-Lago. The news became a hot topic when Garlinghouse and Alderoty both shared a photo with Trump on their social media platforms, gaining substantial attention in no time. The Ripple-Trump Dinner: What was Discussed? Garlinghouse expressed his excitement about the dinner with Trump and Alderoty, hinting at a strong start to 2025. Alderoty, choosing to add a hint of humor to his post, mentioned the high quality of the beef bourguignon they…
As the dawn of 2025 approaches, emerging cryptocurrency ventures find themselves contemplating the immense potential of their rapidly expanding market. Ever wondered whether we’ve reached the zenith of the crypto market yet? Or does it still hide miraculous surprises beneath its wings? Recently, Fidelity, the globally renowned investment behemoth, pointed out that the journey towards universal adoption of crypto has just set its sail. Drawing analogies with digital commodities, the report suggests we’re on the verge of a technological revolution akin to the internet’s integration with mobile phones and wireless technology. Essentially, what Fidelity implies is that the crypto market…
Acclaimed author of ‘Rich Dad Poor Dad,’ Robert Kiyosaki has never shied away from making audacious financial prophecies, and his latest standpoint on Bitcoin’s plunge is no different. Through his social media platform X (formerly known as Twitter), on the 8th of January, Kiyosaki redefined Bitcoin’s recent fall below $100,000 — dropping to $95,000 before stabilizing at $96,000 — as an exceptional investment opportunity than a reason for worry. Kiyosaki’s Strategy: “Purchase at Dips, Hold Firmly” Rather than harboring fears like most investors, Kiyosaki took advantage of the situation and began accumulating Bitcoins. Considering that only 21 million coins will…
When it comes to examining Bitcoin’s price fluctuations, the cryptocurrency’s recent net flow activity on Binance provides key insights. Recently, the BTC Binance netflow has shown a negative trend, which could have significant implications for its price. This article delves into what this recent change could mean for Bitcoin’s future trajectory. An Overview of Binance’s Recent Bitcoin Netflow A CryptoQuant Quicktake post recently highlighted an intriguing development. It focused on the 14-day simple moving average (SMA) of Bitcoin’s Exchange Netflow on Binance, a leading cryptocurrency exchange. The Exchange Netflow is an essential indicator that monitors the net movement of a…
The recent cryptocurrency market slowdown on January 7th has left many bullish traders decimated, particularly those with long positions. Recordings show a massive liquidation of over $630 million in the span of 24 hours. This downward trend carried over to January 8th, leading to an increased sense of uncertainty, though some investors perceive this as an opportunity to potentially increase their holdings at lower prices. Cryptocurrency Market Turbulence Referring to the data sourced from CoinGlass, $631.52 million was liquidated from long positions alone. This substantial amount accounts for the majority of all input lost in the last 24 hours, totalling…
Dive into the buzz surrounding Bitcoin (BTC) as it breached the psychologically important $100,000 mark, sparking a wave of bullish sentiment that anticipates the digital asset achieving new all-time highs in the weeks ahead. This surge of optimism is fueled by Bitcoin reclaiming a crucial price point, leading to intense speculation about its future trajectory. Market watchers are on high alert, scrutinizing bearish chart patterns for signs of invalidation that could hint at the bullish trend’s continuation. Is The Head-And-Shoulders Pattern Set to Crumble? The head-and-shoulders pattern, a bearish configuration on the daily chart, has been a focal point throughout…
The cryptocurrency market has been witnessing notable excitement since Bitcoin broke the $100K barrier entering 2025. This surprisingly bullish development has fuelled positive sentiments among traders, while the jury is still out on the duration and sustainability of this market trend. Amidst such a debate, an interesting revelation by CryptoQuant CEO, Ki Young Ju, points to a potentially longest bull cycle in Bitcoin’s history, suggesting a significant shift in market dynamics and participation. Bitcoin is currently enjoying the spotlight, with its surge past the $100K psychological barrier, paving the way for an exciting and possibly transformative year. As the first…