Day: June 23, 2024

SEC Demands $102M From Ripple, Dems Reportedly Prepare for Crypto Roundtable, and More — Week in Review

The U.S. Securities and Exchange Commission (SEC) is seeking a $102.6 million penalty from Ripple in the XRP case. Meanwhile, the Biden administration, along with Mark Cuban and Representative Ro Khanna, are preparing for a crucial crypto roundtable. A Bank of America report reveals that younger wealthy investors are increasingly favoring cryptocurrencies over traditional investments. […] Source CryptoX Portal

XRP 6-Year Trendline Draws To A Close, 1,500% Rally Seen

boss

As the major pieces begin to fall into place, XRP may now be in a position where things are going well for its future price trajectory. While XRP enthusiasts are still reeling in amazement over Ripple’s recent win in court, a crypto analyst has dropped a bullish XRP price prediction that investors can look forward to. According to the analyst known as Jaydee, XRP is getting close to skyrocketing into new price territories. Related Reading Analyst Predicts XRP Rally To $7.5 XRP days of trading less than $1 may be…

Bitcoin Network Adapting Despite Experiencing Growing Pains, Says Early BTC Investor

boss

Although Bitcoin-based decentralized applications (dapps) have been known to replicate or copy Ethereum dApps, Jeff Yin, founder of Merlin Chain, believes there is a growing impetus to build bitcoin dapps that are distinguishable from ether-based dapps. Yin, however, noted that the synchronization between bitcoin-based dapps and the Ethereum Virtual Machine (EVM) dapps still benefits the […] Original

Former Microsoft Engineer Predicts a Gradual Shift in Blockchain Development Focus Toward Vertical Scaling

While wrapped digital assets have enabled the bridging of assets and expanded their utility, their perceived need for custodianship reintroduces centralization risks and trust dependencies. This contradicts the decentralized ethos of blockchain technology, according to Chris Li, founder and CTO of Ava Protocol. Attaining Utility While Preserving the Core Principles of Decentralization Li told Cryptox.trade […] Source CryptoX Portal

19 Million Chainlink Tokens Transferred To Exchanges

boss

The cryptocurrency market witnessed severe bearish pressure over the past week, and the price of Chainlink (LINK) wasn’t an exception. The altcoin has continued to struggle with its torrid form, losing nearly 10% of its value in the last seven days. Interestingly, the bears seem to still be in control at the moment, with the latest on-chain revelation suggesting that there might be further downside for the LINK price over the next few days. Are Chainlink Investors Offloading Their Assets? Popular crypto analyst Ali Martinez revealed in a post on…

Prime Suspect in $2.2M Crypto Fraud Faces Up to 20 Years in Prison

The U.S. Department of Justice (DOJ) announced on Friday that Robert Wesley Robb, 46, from Colorado, pled guilty to wire fraud for deceiving investors with false promises about a Maximum Extractable Value (MEV) cryptocurrency trading bot. Robb solicited investments via social media, claiming high returns and pressuring individuals to invest quickly. On Sept. 8, 2023, […] Source CryptoX Portal

South African Tax Authorities Scrutinize Crypto Traders Amid Compliance Uncertainty

South African crypto traders have reportedly started receiving notices from the South African Revenue Service (SARS) indicating that their tax affairs are under review. The revenue collector is gathering information from various crypto-asset exchanges to assess compliance. Traders who fail to provide requested information could face criminal charges under the Tax Administration Act. SARS may […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Social Media Sends Coin On 300% Rip

boss

Floki, the self-proclaimed Dogecoin rival with a Shiba Inu mascot, is shaking off recent market jitters with a surge in social media buzz and exciting ecosystem developments. While the broader cryptocurrency market remains volatile, Floki appears to be carving its own path, fueled by a passionate online community and strategic expansion plans. Related Reading Floki TA Shows Bullish Pattern Technical analysts are taking notice of a bullish chart pattern forming around Floki. Jonathan Carter, a prominent crypto analyst, identified an ascending triangle pattern, a technical indicator that often precedes a…

Understanding Oscillators in Bitcoin Trading: A Technical Analysis Guide

boss

In the realm of bitcoin trading, technical analysis can play a significant role, with oscillators being pivotal tools. Oscillators, developed over decades, assist traders in making informed decisions by analyzing price momentum and market conditions. This article delves into the history and usage of key oscillators leveraged in bitcoin trading. Oscillators and Why They Matter […] Original

Nigerian Regulator Amends VASPs Rules; Threatens Enforcement Against Noncompliant Entities

The Nigerian securities regulator said on June 21 that it had amended the digital asset rules to expand their scope and introduced an accelerated process for onboarding virtual asset service providers. The Accelerated Regulatory Incubation Programme provides VASPs with insights into the Commission’s expectations before they fully commence operations. Regulator Threatens Enforcement Action Against Non-Compliant […] Source CryptoX Portal