Cryptocurrency Daily Thefoxposts.com

Join Our Telegram channel to stay up to date on breaking news coverage The Biconomy price prediction may begin to follow the bullish movement, therefore, if the price rises further, the coin may create additional gains. Biconomy Prediction Statistics Data: Biconomy price now – $0.38 Biconomy market cap – $200.5 million Biconomy circulating supply – 525.1 million Biconomy Coinmarketcap ranking – #159 BICO/USD Market Key Levels: Resistance levels: $0.45, $0.50, $0.55 Support levels: $0.30, $0.25, $0.20 BICOUSD – Daily Chart BICO/USD is currently trading around the $0.38 level as the coin crosses above the 9-day moving average. If the coin maintains the bullish movement, the closest resistance could be located at $0.40. Meanwhile, if the market increases, additional resistance can be found above the upper boundary of the channel. Biconomy Price Prediction: BICO/USD May Go Bullish As revealed by the daily chart, it is obvious that the Bico...

Multinational electronics corporation Samsung has collaborated with cryptocurrency exchange Crypto.com. With the partnership, the duo will provide crypto asset trading on Galaxy Fold Z devices. Crypto.com is releasing a set of new updates for Galaxy Z Fold mobile users that will include investment resources and tools for those interested in dabbling with crypto trading and getting acquainted. Once the updates are made available, Galaxy Fold Z users will be able to view and compare the prices of various cryptocurrencies. The large screen will allow the users to understand the price fluctuations better and make clearer, quicker decisions. According to the details in the official statement, the new feature is expected to enhance productivity and also provide enhanced Analysis capabilities. Crypto.com is also the first exchange to provide such a feature for Galaxy Fold Z devices. Eric Anziani, President and Chief Operating Officer of Crypto.com, stated: Together, ...

The two biggest American Oil firms, Exxon Mobil and Chevron, reported strong earnings growth on Friday, despite low Oil prices. In the first three months of the year, Exxon made $11.4 billion in profit, which is an 11% decrease from the final quarter of 2022. Rival Chevron posted earnings of $6.6 billion, primarily due to its profitable fuel sales division. Chevron’s performance beat analysts’ forecast by 4.4%. Exxon, on the other hand, was anticipated to hit profits of $10.3 billion. Compared to the same quarter the previous year, Chevron’s net income increased marginally by 5%. Profits were also significantly higher than their quarterly average over the previous ten years.  Kathy Mikells, Exxon’s chief financial officer, stated, “It was a record first quarter coming after a record year and that’s despite the fact that energy prices came down.” The strong results coincide with recent drops in the price of petroleum and natural gas. The drop in Oil prices is attribut...

Coinbase Asserts No Rules Were Broken During the course of the 14-minute video, CEO Brian Armstrong emphasized that the company was ready to defend their position in court, however, they are open to a “true dialogue to a workable path forward” for the larger crypto sector. While speaking about the Wells Notice received last month, Armstrong was quoted as saying: advertisement A Wells Notice at this stage, when there is not a clear rulebook, is not constructive and it’s not good for America. Read More: Google & Polygon Join Forces To Boost Network Growth, MATIC Price Set To Rally? Chief Legal Officer Paul Grewal provided a list of a few pointers to demonstrate the company’s compliance with the securities law. These pointers highlight that the company does not list securities, follows a “robust process” as outlined by the SEC, and that it rejects over 90% of the crypto assets during an internal review prior to getting l...

Join Our Telegram channel to stay up to date on breaking news coverage Coinbase, the top US crypto exchange, has filed a lawsuit against the Securities and Exchange Commission (SEC), hoping to prompt the regulatory body to provide regulatory clarity for the cryptocurrency industry. Coinbase Files Lawsuit Against SEC for Regulatory Clarity in the Crypto Industry In a narrow action, Coinbase has requested a US federal court to press the SEC to respond to its previous rulemaking petition within seven days. In July of last year, Coinbase urged the SEC to formulate and implement regulations that could determine the classification of digital assets as securities and provide guidance on the application of securities laws to such assets. Coinbase maintained that the absence of a well-defined and practical regulatory framework in the US was hindering the efficient operation of the market. Coinbase is asking the SEC to provide clarity on the treatment of staking services. However, the...

First Republic Bank Fears Collapse According to recent statements released by the financial institution, First Republic is attempting to unload between $50 billion and $100 billion in debt instruments as part of its “strategic options” to resolve the massive capital outflow. However, the White House is still concerned whether it has the bandwidth to find a way out from insolvency, as reports by Financial Times note that officials from the Biden Administration, the Federal Reserve, and the Treasury Department met with the bank’s top executives in the past few days. Read More: Binance Hits Snag As New China-Link Emerges; Are US Customers In Trouble? Moreover, according to reputed Fox journalist Charles Gasparino, bankers working at First Republic Bank claim that the government would take over the failing bank through “receivership” — similar to bankruptcy in the private sector — after the bank has exhausted all alternatives including asset sal...

On April 20th, The European Parliament approved the first comprehensive crypto regulation EU-wide, the Markets in Crypto-Assets (MiCA). In the same day, a separate law, the Transfer of Funds regulation, was passed, requiring crypto operators to confirm the identity of their customers in order to halt money laundering transactions. While the crypto regulation worldwide is becoming increasingly strict, Alchemy Pay is rapidly growing and rising in the cryptocurrency payment field as a payment solution provider bridging global fiat and crypto currencies for users in 173 countries. All these achievements started from a forward-looking insight about the revolutionary potential of crypto – the team believe that by creating a seamless gateway between traditional finance and crypto assets, they can make the emerging technology more widely available and provide easier access to financial services for businesses and individuals in different countries and regions. Currently, it has established ...

Join Our Telegram channel to stay up to date on breaking news coverage zkSync -base decentralized exchange (DEX) Merlin has been hacked, resulting in the loss of over $1.82 million worth of stolen funds.  The security breach occurred during a public sale of its mage (MAGE) tokens, which allowed exploiters to drain some $850,000 worth of USD Coin (USDC). The hackers were also able to steal more funds from the liquidity pool on the platform. According to blockchain data, a party in control of the liquidity pool was effortlessly able to withdraw the funds. This suggests that this was not a sophisticated or complicated hack. The team at Merlin has confirmed the incident in a Medium post. The team noted that the security exploit had occurred despite their “best efforts to ensure the safety and security of users’ funds.” Merlin has assured users that they are investigating the incident. Merlin also stated that it is working with security experts to determine t...

Recent local reports have brought to light that Shin Hyun-seong, also known as Daniel Shin, co-founder of Terraform Labs, has been indicted by the Seoul Southern District Prosecutors’ Office on charges of fraud. Along with nine others, Shin is suspected of deceiving investors and accumulating around 460 billion won ($350M) before the Terra project ultimately failed. Daniel Shin Indicted With 9 Other Terra Associates KBS World, a regional South Korean publication, has revealed that ten individuals, including Daniel Shin, have been indicted in South Korea. Although they have not been detained, the suspects have been charged with financial law violations, embezzlement, and fraud. The South Korean authorities suspect that this group of individuals raised 460 billion won ($350M) through unlawful means linked to the Terra blockchain project. According to the KBS report, Shin was responsible for supervising terrausd (UST) (now known as USTC) payments for four years, starting from July...

Based on present data, within the last four months, a mere three block rewards from the year 2010 have been transferred after 13 years of dormancy. This is due to the fact that dormant wallets from that era are becoming a rarity to behold. The latest expenditure of a 2010 block took place on April 22, 2023, at 11:14 p.m. (UTC), when a miner spent 50 bitcoin that was valued at approximately $1.3 million. A historic moment occurred today, as a transfer of 400 bitcoin from 2011 took place, marking the first time in over a decade that these digital assets had been moved. Rare Bitcoin Activity: 985 BTC from 2010 and 2011 Moved in 2023 Block rewards of antiquity from 2010 and 2011 have become increasingly scarce. Only three 2010 blocks were spent this year, along with several ancient bitcoins from 2011. On Jan. 26, 2023, a block reward of 50 BTC was spent at block height 773,723. Around ten bitcoins from 2011 were spent on Jan. 8, 2023, at block height 770,924. Just before the 50 BTC spen...

Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a financial investment product. Despite the recent enforcement action by the U.S. Securities and Exchange Commission (SEC) against Kwon, the South Korean court has determined that LUNC is not a security, further clarifying its position in the matter. Seoul Southern District Court Says LUNC Is Not a Security In its recent ruling, the Seoul Southern District Court noted that it finds it challenging to perceive LUNC as a financial investment product regulated by the Capital Markets Act. The court further explained that the South Korean officials from the Seoul prosecutors office cannot seize Terra co-founder Daniel Shin’s cryptocurrency assets. These findings may come as a relief to Kwon, who is currently in custody in Montenegro after being char...

The popular crypto trader Mac (@MacnBTC) posted a tweet this morning regarding Arbitrum (ARB). In his tweet, Mac shared that ARB’s price is in a downtrend and that he is waiting for the perfect time to rebuy the altcoin. Mac also included a previous tweet in today’s post wherein he stated that he was cutting his losses for ARB and was going to “stay on the sidelines.” $ARB shitting itself will let you know when I start rebuying https://t.co/KioWpE2Ojh — Mac (@MacnBTC) April 23, 2023 ARB currently occupies the number one position on CoinMarketCap’s trending list. The crypto market tracking website shows that the crypto’s price also dropped 7.43% over the last 24 hours. This negative 24-hour performance has pushed ARB’s weekly performance further into the red at -18.11%. As a result, ARB is trading at $1.34 at press time. The altcoin displayed similar performances against the two crypto market leaders Bitcoin (BTC) and Ethereum (ETH) over the last 24 hours. At pr...

Join Our Telegram channel to stay up to date on breaking news coverage The European Union (EU) has made a significant move in the regulation of the crypto sector by finalizing its Markets in Crypto Assets (MiCA) legislation. MiCA Legislation Puts Pressure on U.K. and U.S. to Clarify Crypto Rules The MiCA package will establish the criteria for authorization that crypto service providers and token issuers must comply with, and the member states will enforce it. This legislation differs from the U.K.’s staged approach to regulating crypto, which involves different regulators setting out their own requirements. The implementation of the new regulation by all 27 nations of the EU is expected to exert pressure on other jurisdictions, including the U.K., to accelerate the implementation of their crypto rules, according to industry groups. While the MiCA legislation is not flawless, London-based lobby group CryptoUK says it is an extremely relevant regulatory stack that puts ...