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Coinbase revealed SEC’s request to suspend trading of cryptocurrencies except Bitcoin before suing the exchange. Before the SEC v. Ripple ruling, Deaton urged everyone to hope the SEC fails. A different outcome in the XRP case might have emboldened a stronger anti-crypto stance among certain political factions. Today, Coinbase revealed the Securities and Exchange Commission’s (SEC) request to suspend trading of all cryptocurrencies except Bitcoin prior to suing the exchange. Prominent attorney John Deaton has stressed the profound implications of the XRP ruling, highlighting its importance in the wake of the SEC’s actions against Coinbase. Now you can truly see just how significant the #XRP ruling was. Over a year ago, I did a video for @CryptoLawUS entitled “Every coin is in danger.” https://t.co/AQJdpHi5Eq — John E Deaton (@JohnEDeaton1) July 31, 2023 According to Deaton, in his video posted over a year ago, he warned about the potential dangers facin

The US Securities and Exchange Commission (SEC) asked Coinbase to halt all crypto trading operations except for Bitcoin (BTC). Financial Times (FT) report cites the San Francisco-based crypto exchange Coinbase’s CEO Brian Armstrong. He claims that SEC’s request came prior to the regulator’s lawsuit against the exchange. On July 6, SEC sued Coinbase for allegedly operating in the US without having the necessary registrations.  Moreover, Armstrong believes that the agency’s demand to halt all digital asset trading activities — with Coinbase offering more than 200 tokens — would have brought “the end of the crypto industry in the US.” “They came back to us, and they said . . . we believe every asset other than Bitcoin is a security. And, we said, well how are you coming to that conclusion, because that’s not our interpretation of the law. And they said, we’re not going to explain it to you, you need to delist every asset other than Bitcoin.” Coinbase CEO Brian Armstrong told FT

Jul 29, 2023 at 11:11 // Price Author Coin Idol Ethereum price (ETH) has remained trapped between the moving average lines. Long-term analysis of the Ethereum price: bearish The moving average lines have not been broken by either the bulls or the bears. If the moving average lines are broken, the largest altcoin will trend. According to the price indicator, the altcoin will fall above $1,800 and then resume its uptrend. In other words, if the resistance at $1,920 and the 21-day line of SMA are broken, the largest altcoin will show a trend. Ether will rise

Crypto.com revealed that the crypto exchange had been registered with the Netherlands’ central bank to offer cryptocurrency services to Dutch customers.  Crypto.com revealed the news in a blog post on July 28. The company obtained registration approval with De Nederlandsche Bank (DNB). It was preceded by a comprehensive review of the crypto exchange’s business and compliance with the Netherlands’ AML and anti-terrorism laws. You might also like: Spain grants virtual asset service provider registration to Crypto.com In contrast, rival crypto exchange Binance left the Dutch market after failing to obtain a registration in the Netherlands. DNB previously warned Binance and later slammed a $3.3 million fine on the company in April 2022 for alleged unlicensed operation in the country. The crypto exchange giant also recently withdrew its licensing application with German regulators. You might also like: Binance to exit Netherlands after failing to obtain registration

Saudi Arabia’s Central Bank (SAMA) and the Hong Kong Monetary Authority (HKMA) recently held a meeting to discuss ways of boosting financial services integration and cooperation.  The July 27 meeting aimed to strengthen the partnership between Saudi Arabia and Hong Kong and enhance their financial systems. The focus was also to agree on tokenization and payment infrastructure. Saudi Arabia and Hong Kong discussion SAMA and HKMA representatives discussed four key focus areas, mainly financial infrastructure development, open market operations, market connectivity, and sustainable development. They also explored supervisory technologies, such as artificial intelligence, machine learning, tokenization, and payment infrastructure.  SAMA and HKMA signed a Memorandum of Understanding (MoU) to collaborate on financial innovation to facilitate joint deliberations. The agreement was signed by SAMA’s governor, Mr. Ayman Alsayari, and HKMA’s chief executive, Eddie Yue. Although the

Jul 27, 2023 at 03:09 // Price Author Coin Idol The price of Litecoin (LTC) has fallen below its moving average lines, indicating that the cryptocurrency remains under selling pressure. Long-term forecast of Litecoin price: bearish When the Litecoin price was stuck between the moving average lines, the bearish momentum slowed down for a week. Yesterday, the bears intensified the selling pressure on the market by breaking below the 50-day line SMA. The price indication has previously suggested that the coin will decline. After the price decline on July 10, Lit

Cynthia Lummis voices her support for crypto regulation after the Ripple decision, advocating the Lummis-Gillibrand bill. A Twitter exchange between Lummis and Mr. Huber highlights discrepancies in her statements on crypto classification. The debate intensifies as Lummis initially deems most cryptos as commodities, then later refers to them as securities, causing controversy. United States’ Senator Cynthia Lummis took to Twitter earlier to voice her opinion on the recent Ripple decision. She stated, “The Ripple decision has reinforced the need for Congress to create a regulatory structure for crypto assets.” Lummis further advocated for the Lummis-Gillibrand bill, describing it as a “comprehensive, bipartisan bill that protects consumers while allowing the industry to continue to drive the innovation our economy needs.” However, not everyone agrees with Senator Lummis’s perspective. A Twitter user by the name of Mr. Huber @Leerzeit, responded with a bold

Dogecoin (DOGE) is currently one of the best-performing crypto projects in the market. The popular dog-themed crypto has risen 3.6% over the previous 24 hours and 15.2% in the weekly charts. The project has overtaken Cardano (ADA) to become the 8th largest crypto by market cap. Source: CoinGecko According to the data from IntoTheBlock, the number of Dogecoin (DOGE) holders in profit has increased by 17.99%. Currently, 57% of holders are in profit, while 40% are at a loss and 3% are even. Also Read: Elon Musk To Enable Dogecoin Payments in Twitter’s X? Furthermore, DOGE has also seen a 10% rise in its open interest (OI). According to CoinGlass, futures open interest for DOGE surpassed $500 million for the first time since April 2023. At press time, DOGE OI stood at $512.71 million. Source: CoinGlass Will Dogecoin continue its rally through the summer? Source: Pymnts.com DOGE’s current rally may be attributed to Elon Musk’s Twitter making a transition to X. Moreover, th

Join Our Telegram channel to stay up to date on breaking news coverage The increased attention from institutional investors has been a game-changer for Bitcoin this year. Some analysts even believe that a greater influx of these investors could propel the asset to a 1,000 percent gain in the coming years.  The Big Bucks Keep Coming In  Earlier this month, analysts at top investment bank JPMorgan published a report suggesting that Bitcoin is poised to see record gains in the future if acceptance from institutional investors continues. If this happens, the asset could eventually beat out gold once and for all.  JPMorgan’s paper began with an acknowledgment of Bitcoin’s rise within the past month – a period where the asset moved from the mid-$11,000 level to over $15,000, per data from CoinMarketCap. The analysts rightly attributed much of this rally to the top payment processor PayPal, which announced mid-October that it would provide cryptocurrency transaction services from 2

The Indian Rupee is getting recognized internationally as 22 countries have opened special bank accounts to trade with the INR. Banks from 22 countries opened special Vostro accounts to settle cross-border transactions in the Indian Rupee and ditch the US dollar. The move comes at a time when BRICS and other developing countries are looking to end reliance on the U.S. dollar and promote native currencies like the Indian Rupee and Chinese Yuan. Also Read: BRICS: Warren Buffet Predicts the Future of the U.S. Dollar Vostro accounts allow domestic Indian banks to enable payments from other countries and overseas businesses in the Rupee . Countries that have conducted cross-border transactions with India can open Vostro accounts and initiate remittances in the Rupee . BRICS: 22 Countries Open Special Bank Accounts to Trade in Rupee, Sideline US Dollar Source: istockphoto.com A total of 22 countries have now opened bank accounts and will begin to settle global trade in the INR.

Sam Altman, CEO of OpenAI, launched a new cryptocurrency — Worldcoin Tokens — on Monday 24 July. An iris-scanning device is used to verify people’s identities to ensure privacy and uniqueness. Worldcoin Token won’t be available in the United States. Sam Altman, CEO of OpenAI, launched a cryptocurrency named Worldcoin Token on Monday 24 July. Altman, the American entrepreneur, aims to distribute free Worldcoin tokens (WLD) for everyone through the Worldcoin project in an attempt to solve income inequality according to Semafour. Altman had raised $115 million to fund Worldcoin, and the project had onboarded nearly two million people on its platform in its beta stage, Binance has already listed the WorldCoin token in its exchange platform. ChatGPT upscaled the capabilities of artificial intelligence, and in Altman’s new project he aims to create “an inclusive global cryptocurrency that will be available to anyone who verifies their unique personhood with the

Shiba Inu, a cryptocurrency that gained popularity as a meme coin, has attracted a significant amount of community interest and engagement in various projects, including the development of the Shibarium network, Puppynet. Throughout 2022, the Shiba Inu team introduced several projects, such as the Shiba Eternity game and the SHIB metaverse, which generated excitement for the upcoming launch of Shibarium . However, the launch of Shibarium faced delays due to various reasons. Also read: Dogecoin (DOGE) Bulls Eye 100% Surge as Price Approaches Critical Resistance Finally, on March 11, the Shibarium ’s Puppynet was successfully launched and has since made substantial progress. Notably, as of July 17, Puppynet had processed over 30 million transactions, reaching a significant milestone for the network. Presently, according to the latest data, the Shibarium Puppynet has achieved another noteworthy milestone. Source: Puppynet Shytoshi Kusama Celebrates Shibarium milesto

Reports on July 21 reveal that OpenSea, a non-fungible token (NFT) marketplace, has introduced a new feature called Deals, allowing users to trade NFTs for other NFTs or Ethereum (ETH).  Powered by Seaport, an NFT protocol, OpenSea said Deals offer users a more flexible and secure way to trade NFTs directly on the platform. Introducing Deals: offer your NFTs for theirs, securely on OpenSea. https://t.co/bTciJLUWDK pic.twitter.com/KR2MLbi7jh — OpenSea (@opensea) July 20, 2023 The introduction of Deals comes as NFT trading volumes have seen a significant decline in recent months. Factors such as the overall bearish trend in the cryptocurrency market and increased competition from other NFT marketplaces have decreased NFT trading activity.  You might also like: OpenSea implements zero fees as it takes on Blur As of June 22, Dune data shows that OpenSea’s average monthly trading volumes stood at roughly $161 million, a deep slump from the over $4.8 billion registered i

Also Read: Solana Introduces Ethereum Virtual Machine Rival “Solang” advertisement Dormant Whale Moves 61K Ethereum As per the data shared by IntoTheBlock, Ethereum has registered the highest inflows into Centralized exchanges (CEXs) over the past two months. This week, more than $383 million worth of ETH got deposited into CEXs. It mentioned that a huge portion of the inflows got registered from a single address. An Ethereum ICO participant’s dormant wallet reportedly woke up after 8 years. The wallet went on to deposit all of its holding 61,216 Ethereum (approx worth $116 million) to the crypto exchange Kraken. The whale wallet received its 61K ETH at Ethereum Genesis on the ICO price of $0.31. WhaleAlert reported that a huge number of Ethereum has been moved by several whales to different crypto exchanges in the last 24 hours. As per the data, whales moved around 93,190 ETH (approx worth $176 million) in multiple transactions. Recom

Kuwait has prohibited all crypto activities and use cases in the country, including payments , mining , and investment. The Central Markets Authority (CMA), Kuwait’s financial regulator, released a circular on July 19. The regulator stated that cryptocurrency was prohibited as a form of payment in the Middle Eastern country. The circular also banned crypto investments. Offering such services to Kuwaiti residents is not permitted.  In addition, the CMA stated that crypto mining was banned in Kuwait. It also forbids local regulators to issue licenses to any person or entity looking to “provide crypto currency services as a commercial business.” You might also like: New York will allow crypto payments for fines and taxes The latest circular follows the conclusions of a study by the National Committee for Combating Money Laundering and Financing of Terrorism. Its goal is to implement the Financial Action Task Force’s (FATF) recommendation 15 of the international requirement

Bitcoin boasts $582 billion in market capitalization, with the digital asset’s cumulative losses in the last seven days amounting to 1.2%. advertisement Bitcoin Price Moves In Tandem With Momentum and Narrative Traders Apart from a select group of altcoins that have been rallying including XRP, XLM, ADA, and SOL, the crypto market is quiet and lethargic. These tokens are outperforming their peers as investors seek exposure following Ripple’s partial win in the long-standing legal battle with the Securities and Exchange Commission (SEC). “In short, we’re seeing a return of investors that had previously been spooked by recent regulatory measures,” Markus Levin, co-founder of XYO Network said in a written statement to CoinDesk. According to the managing Partner of Web3 investment fund Generative Ventures, Lex Sokolin, the lethargy being witnessed is the cyclical nature of the largest crypto. He argues that Bitcoin price often experiences ‘run-ups’ in anticipation

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