Ethereum, the second-largest cryptocurrency by market capitalization, is currently attempting to recover from its recent decline. However, the price is facing strong resistance at the $1,600 level, raising concerns about a continuation of the downward trend. ETH is slowly moving higher towards the $1,600 resistance zone, indicating a potential recovery. However, it is important to
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The price of BANANA coin experienced a volatile day in the market, with an 18% gain at one point, only to settle at a modest 2.57% increase later in the day. This raises questions about its short-term and long-term prospects. Various technical indicators provide insights into the market conditions of BANANA coin. The 20-day EMA
The U.S. Securities and Exchange Commission (SEC) has filed an objection to a part of the reorganization plan put forward by bankrupt cryptocurrency firm Celsius. The plan involves the employment of Coinbase, a prominent crypto exchange, as the distribution agent responsible for returning funds to former users affected by Celsius’ collapse. However, the SEC has
Hong Kong’s Securities and Futures Commission (SFC) is implementing new measures to strengthen investor education and enhance investor protection. The move comes in the wake of the JPEX debacle, which raised concerns about the city’s regulatory procedures and highlighted the need for stricter oversight in the virtual asset trading space. One of the key changes
As the cryptocurrency market grapples with volatility and uncertainty, Dogecoin (DOGE) finds itself trapped in a prolonged period of stagnation. This stagnant phase, lasting for over a month, reveals the ongoing battle between bulls and bears for control of the market. DOGE enthusiasts and investors eagerly await cues for the coin’s next move. Upon meticulous
Bitcoin (BTC) has been experiencing a period of price weakness following the recent decision by the United States Federal Reserve to keep interest rates unchanged. Additionally, the correlation between Bitcoin and the U.S. Dollar Index has reached its lowest point since September 2022, indicating an increasingly inverse relationship. However, there are also hopeful indicators, such
In recent years, the cryptocurrency industry has faced increasing legal challenges and controversies in South Korea. Financial authorities are now taking steps to implement stringent eligibility reviews for major shareholders of cryptocurrency exchanges, reflecting the standards upheld in the banking sector. These measures aim to address the involvement of major shareholders in fraudulent and market-manipulative
Transparency and accountability are crucial in the rapidly evolving world of cryptocurrency trading. Hong Kong, a prominent global financial hub, has been taking steps to establish itself as a trusted and regulated center for digital asset trading. However, recent events, such as the JPEX scandal, have highlighted the need for greater oversight and regulation in
The past week has been characterized by caution among Bitcoin traders, as the price action has remained relatively quiet. This sense of caution has not only impacted the price but has also led to a significant decline in trading volumes across major crypto exchanges. Both spot Bitcoin trading and Bitcoin derivatives have witnessed a substantial
Upbit, one of South Korea’s leading cryptocurrency exchanges, has been hit by a major setback due to fraudulent activities involving counterfeit tokens. The exchange had to suspend all withdrawals and deposits of Aptos’ native token APT after discovering that scammers had generated fake APT tokens. The fraudulent activities not only affected the deposit and withdrawal