Binance US responded to the court’s decision to allow the SEC lawsuit to proceed, expressing confidence in its position and criticizing the SEC’s regulatory approach. “We remain confident in our position that the SEC’s case is unsupported by the facts or the law, and that the Commission lacks the very authority it is seeking to…
With Bitcoin trading sideways over the past few months, traders are waiting for their signal to re-enter the market before crypto reclaims its bullish momentum from earlier this year. In a Wednesday memo, an analyst from CryptoQuant highlighted one signal worth looking at: stablecoin liquidity. Stablecoins: The Key To Driving Bitcoin Higher “The bottom line…
The Enforcement Division within South Africa’s Financial Sector Conduct Authority (FSCA) has formed a team to investigate individuals or entities operating crypto financial services without proper licenses. Currently, 30 cases are under scrutiny. The FSCA aims to protect the public and maintain industry fairness by taking decisive action against unlawful crypto businesses. The regulator will…
The Central Bank of Nigeria warned local financial institutions against rejecting older or lower-denomination U.S. dollar banknotes. The apex bank said it will take strong action against financial institutions that refuse to accept mutilated or overcirculated local currency banknotes. Older U.S. Dollar Banknotes Still Legal Tender The Central Bank of Nigeria (CBN) has informed registered…
TL;DR Cardano (ADA) rose 4% this week, with one analyst predicting a potential 70% spike due to a bullish pattern. Indicators suggest the asset could see further gains, with some signaling a significant price increase by early 2025. Is It Time for ADA to Shine? Most leading cryptocurrencies have plunged substantially in the past week,…
The current market is cacophonous with updates and predictions, with the BNB Beacon chain unveiling a second sunset upgrade and the Polkadot (DOT) price prediction boasting a potential breakout. But these developments fail to compete with BlockDAG’s meteoric rise in the cryptoverse. Aside from an unprecedented presale price surge of 1,300%, BlockDAG’s X1 Miner beta…
Layerzero has integrated with Flare, a layer one (L1) blockchain, to connect it with 75 other blockchains. This integration aims to broaden the scope of decentralized applications (dapps) and improve data sharing across networks. Flare and Layerzero Partnership Aims to Enhance Dapp Accessibility According to an announcement shared with Bitcoin.com News, this integration represents an…
TL;DR Meme coin DADDY surged 35% after Andrew Tate’s announcement encouraging accumulation. The token faces insider purchase controversy, while rival coin MOTHER’s price has sharply declined. DADDY Heads North Again One of the latest sensations in the meme coin niche – DADDY – saw its price soaring by 35% in the past 24 hours. It…
Despite Bitcoin’s sideways price action, market profitability remains strong, according to a recent report by onchain analysis firm Glassnode. The report highlights significant trends in investor behavior and market conditions that may signal future volatility. Amid Market Fear, Bitcoin Investors Hold Substantial Gains As Bitcoin trades in the $60,000 range, Glassnode noted a palpable fear…
TL;DR Binance will terminate trading for six pairs, including BTC/AEUR and ETH/AEUR, effective July 5, possibly due to poor liquidity or other factors. Despite delisting some pairs, the company has added new ones like WIF/BRL and ZK/USDC, though these are not available to users in certain restricted regions. Binance’s Latest Move The world’s largest cryptocurrency…