After the collapse of FTX in 2022, the Bahamas came under global scrutiny for its lacking crypto regulations. The failure of the $32 billion exchange led to questions about the effectiveness of the country’s regulatory framework and deterred other crypto companies from expanding to the region. The Bahamas Securities Commission recently announced the passing of
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The Elliot Wave theory has gained significant popularity among Bitcoin analysts due to its effectiveness in predicting the future direction of the cryptocurrency’s price. One pseudonymous crypto analyst, XForceGlobal, recently utilized the 5-wave Elliot Wave theory to provide insights into what might occur next for the Bitcoin price. By breaking down the waves and subwaves,
XRP, the digital asset associated with Ripple, experienced a significant price surge on Wednesday, reaching $0.66. This marked an 8% increase over the past 24 hours, with the price jumping from $0.60. The surge in price comes amidst important developments within the XRP ecosystem and renewed optimism among investors. A key factor driving this upward
The cryptocurrency market has seen a surge in volatility in recent days, impacting investor confidence. Bitcoin (BTC) witnessed a price spike to nearly $70,000 on July 29, only to drop below $66,000 the next day and currently hovers around $66,300 according to CoinGecko’s data. The correction in Bitcoin’s price coincided with reports of the US
Cardano (ADA) is facing a crucial moment as it struggles to reverse a recent downward trend. The formation of an inverted hammer on the weekly chart is providing some hope for buyers, indicating a potential shift from bearish to bullish sentiment. However, the confirmation of this pattern is essential for any significant rally to take
Jonathan Mann and Brian L. Frye have taken a bold step by filing a lawsuit against the US Securities and Exchange Commission (SEC). The heart of the matter lies in the classification of NFTs representing digital art as securities under US law. Mann, known for his daily songwriting streak of over sixteen years, created a
Doodles has recently launched their Super Pass on Coinbase’s Base, an Ethereum layer-2 scaling network. This initiative marks a significant evolution for Doodles, shifting from a collection of NFTs to a comprehensive Web3 entertainment company. The Super Pass offers exclusive access to content and interactions with artists on DoodlesTV, a new platform aiming to redefine
Recently, Cardano (ADA) has experienced a significant 300% increase in Exchange Traded Product (ETP) inflows. This unexpected surge in capital from institutional investors has sparked excitement for the cryptocurrency’s potential upward trajectory. CoinShares, a prominent player in the crypto ETP industry, released a report showcasing the fund flows of various digital assets. Among the assets,
Samuel Edyme, also known by the nickname HIM-buktu, is a multi-talented individual with a diverse range of skills. He has made a name for himself as a web3 content writer, journalist, and aspiring trader, showcasing his versatility in various fields. Edyme’s journey into the world of cryptocurrency was not smooth sailing, starting with a Ponzi
BlackRock’s recent announcement that they have no plans to launch a Solana (SOL) ETF in the near future may come as a surprise to some, especially given the success of their Bitcoin and Ethereum spot ETFs. This decision has created an opening for other asset managers to potentially enter the market and compete in this
