Bitcoin (BTC) is moving towards a vital area following the Wall Street open on June 16 as the recovery from three-month lows continues. The data from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $26,000 on Bitstamp. The BTC price built on an overnight rebound from its lowest levels since early March amid ongoing regulatory
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The EU’s official journal has published the Markets in Crypto Assets (MiCA) regulation, which is a significant milestone for the regulation of the crypto industry. Janet Ho, Head of Policy for Europe at Chainalysis, has warned cryptocurrency companies to start preparing for MiCA as soon as possible to ensure regulatory compliance. While the new policy
Revive Token ($REVIVE) has made an explosive entrance since its launch on decentralized exchanges (DEXs) last Wednesday. Based on the joke of crypto degens needing to revive their poorly performing crypto portfolios, the token was trading at around $0.0009, representing a rise of over 500% since its launch. At its peak, $REVIVE spiked up to
Binance, a cryptocurrency exchange, announced on June 13th that it will convert “zombie assets” into stablecoins to safeguard users’ assets from being “stuck in limbo.” “Zombie assets” are delisted cryptocurrencies whose networks are no longer supported by the exchange. However, Binance did not mention which stablecoin these assets would be converted into. Recently, a few
On June 13th, Bitcoin (BTC) returned above $26,000 as it tried to reclaim support after the daily close. Despite ongoing legal action in the United States and macroeconomic data releases, Bitcoin remained in a narrow range throughout the week. Traders, including Crypto Tony, warned of the potential risks of deep trades while noting the upside
Meme coins have been known to be some of the most profitable investments for investors worldwide. Shiba Inu is a meme coin that investors have relied on for huge profits for some years. However, investors now seem to be doubtful of its potential and price action going forward. The question that arises is whether or
The US House Financial Services Committee Chair, Patrick T. McHenry, intends to hold a vote on a bill that would regulate digital assets by the middle of July. The bill in question, the Digital Asset Market Structure Discussion Draft, would classify cryptocurrencies as either a security or a commodity and regulate exchanges. Additionally, it would
The recent SEC lawsuits against Binance and Coinbase have raised concerns about the future of web3 in the United States. However, the House Financial Services hearing on “The Future of Digital Assets” provided insights into the potential future of digital assets in the country. During the hearing, witnesses discussed the need for regulation, the impact
Traditionally, work has been associated with brick-and-mortar office spaces and rigid nine-to-five schedules. However, recent years have brought about a significant change in this paradigm. Technology has opened up a new path, deviating from conventional employment towards the flexibility of freelancing. With the internet’s rapid proliferation and the digitization of work, freelancing has become a
On June 12, Bitcoin (BTC) remained stable despite a brief macroeconomic data jolt, with the cryptocurrency circling around $26,000 and avoiding significant volatility. The latest United States Consumer Price Index (CPI) print came in lower than expected, causing a brief spike towards $26,500. While this was seen as a boon to risk assets, crypto markets
