Day: May 8, 2024

Coinbase Legal Chief Urges SEC Chair to Stop Misleading the Market About Crypto Tokens Being Securities

Coinbase’s chief legal officer has publicly urged U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler to stop misleading the market regarding crypto tokens being securities. His request followed Gensler’s repeated assertions that numerous crypto tokens conform to the legal definition of securities, thereby requiring compliance with SEC regulations. Coinbase’s CLO to Gensler: Please Stop […] Source CryptoX Portal

Here’s Why This Analyst Is Predicting A Rise To $360

boss

Recently, a popular crypto trader and YouTuber has predicted a substantial surge in Solana price, forecasting it could reach as high as $360 soon. This prediction is underpinned by a technical pattern on Solana’s chart—a bullish signal suggesting a potential reversal from bearish to bullish momentum. Technical Insights Into SOL Potential $360 Rise According to the trader, CryptoJack on X,  SOL has developed a “rounding bottom pattern” over an extended period, indicating it is on the brink of a significant breakout. Notably, the ’rounding bottom’ pattern, characterized by a gradual…

How I Brought the Machankura Bitcoin App to Africa

Exploration, I think. That’s the major thing. A lot of people are saying, “Okay. I’ve heard about this Bitcoin thing. So how do I use it?” So a lot of people create an account and then look around, and then you’re like, “Oh, okay. This person hasn’t came back.” And then an all-time high comes around, and then that person is back again. Source

ECB’s Joachim Nagel Urges Central Banks to Evolve: ‘We Need to Work on Our Business Model’

Joachim Nagel, President of the Deutsche Bundesbank and Member of the Governing Council of the European Central Bank (ECB), has raised concerns about central banks’ business model. “If part of your core product is loosening attractiveness then you have to think about another new core product,” he stressed. ‘We Need to Speed up on All […] Source CryptoX Portal

Traders Discuss Why Memecoins Are 2024’s Biggest Narrative

boss

Journalist and host Laura Shin interviewed crypto traders Ansem and Kel, known on X as blkoiz06 and Kelxyz, for her Unchained Podcast.  They discussed why memecoins had become the most profitable crypto trade this cycle and what the future might hold for the sector. Is There Value In A Memecoin? To begin with, Shin asked the traders whether there was substance in tokens based on memes, as it has been a big argument against them. To Ansem, people “think too hard” about the value of memecoins as projects. Moreover, he…

The FCC’s Net Neutrality Ruling Is Good News for Web3 Startups

This principle has made possible a long list of home-grown internet applications that live at the endpoints and run on the network. Many, like YouTube and Netflix, or Zoom and Facetime, are core components of American (and global) social and work life. Without net neutrality regulations, network providers could have stopped Zoom or Facetime from ever coming into being, favor their own services over any potential new entrants, and pick and choose who they compete with, if you can even call that competition. Source

Japanese crypto exchange Coincheck sets Q3 as deadline for going public on Nasdaq

Coincheck is advancing its merger with Thunder Bridge Capital Partners IV, now aiming to go public on Nasdaq by Q3. Japanese cryptocurrency exchange Coincheck has submitted a confidential draft registration statement on Form F-4 to the U.S. Securities and Exchange Commission (SEC) in a bid to proceed with its planned merger with Thunder Bridge Capital Partners IV, Inc, a special purpose acquisition company. In a press release on May 7, Coincheck said the draft still remains subject to review and comment by the SEC, noting, however, that the proposed merge…