The price of Ethereum (ETH) is currently attempting to recover from a low of $1,565 against the US Dollar. However, it may face difficulties in surpassing the $1,600 mark and could potentially resume its decline. As of now, Ethereum is gradually moving higher towards the $1,600 resistance zone. Nevertheless, it remains trading below $1,600 and
The U.S. Securities and Exchange Commission (SEC) has voiced its objection to a portion of the reorganization plan proposed by bankrupt cryptocurrency firm Celsius. The plan involves the use of Coinbase, a well-known crypto exchange, as a distribution agent to return funds to former Celsius users. However, the SEC has raised concerns about Coinbase’s intended
The cryptocurrency market is known for its volatility and unpredictable nature. BANANA Coin, a token on the Ethereum Network, has experienced a rollercoaster ride in the market, with significant price fluctuations in a single day. This article analyzes the various technical indicators and factors influencing the short-term and long-term prospects of BANANA Coin. As investors
Hong Kong’s Securities and Futures Commission (SFC) has taken significant steps to improve investor education and combat fraud in the wake of the JPEX debacle. The financial regulator announced on September 25th that it would be publishing a comprehensive list of licensed Virtual Asset Trading Platforms (VATPs) on its website. This list will provide transparent
The price of Bitcoin (BTC) has been experiencing volatility in recent weeks, influenced by a combination of factors including the United States Federal Reserve interest rate decision and regulatory developments. With BTC currently holding above $26,000, it is evident that the market is still finding its footing in the aftermath of the Fed’s decision to
Financial authorities in South Korea are set to implement stringent eligibility reviews for major shareholders of cryptocurrency exchanges, as per local media reports on September 22. This move comes as a response to the increasing legal issues involving shareholders of prominent domestic exchanges like Bithumb and Upbit. The Financial Intelligence Unit (FIU) under the Financial
Dogecoin (DOGE) has been experiencing an extended period of stagnation, reflecting the ongoing struggle between the bulls and bears for control of the market. This prolonged phase of inactivity has lasted for over a month, indicating a short-term consolidation stage. As the cryptocurrency market remains volatile, DOGE enthusiasts and investors are eagerly searching for signs
Cryptocurrency trading firms in Hong Kong have recently come under scrutiny due to a major fraud case that resulted in significant losses for investors. The Securities and Futures Commission (SFC), the financial watchdog in Hong Kong, has announced that it will publish a list of cryptocurrency trading firms that have applied for licenses to operate
The recent events surrounding South Korea’s leading cryptocurrency exchange, Upbit, have shed light on the vulnerabilities within the digital asset industry. On September 24, Upbit temporarily suspended all withdrawals and deposits of the Aptos native token, APT, after discovering fraudulent activities involving counterfeit APT tokens. This incident has raised concerns about the security and trustworthiness
India’s crypto ecosystem has recently received a significant boost following the conclusion of the G20 summit. The G20, representing some of the world’s most influential economies, has fully endorsed the recommendations from the IMF and FSB as a Synthesis paper, aiming to provide guidance for the policy and regulatory framework for crypto assets. This article