Altcoins

Aave and Similar Projects Could Be Safe From SEC Clampdown, Says Coin Bureau Host – Here’s Why

A popular analyst known for his deep-dive research is exploring how looming regulation might impact the crypto industry. In a new strategy session, the Coin Bureau host known as Guy tells his 2.09 million YouTube subscribers about which factors the U.S. Securities and Exchange Commission (SEC) might use to determine if a digital asset ought […]

The post Aave and Similar Projects Could Be Safe From SEC Clampdown, Says Coin Bureau Host – Here’s Why appeared first on The Daily Hodl.

Altcoins

SEC Targeting All US-Based Crypto Exchanges in Widespread Securities Investigation: Report

The U.S. Securities and Exchange Commission (SEC) is reportedly investigating every US-based crypto exchange platform, including Binance. According to a new Forbes report, a US Senator Cynthia Lummis staffer is revealing that the regulatory body is looking into all 40 US-based crypto exchanges, including the world’s biggest crypto exchange platform Binance, for potential violations of […]

The post SEC Targeting All US-Based Crypto Exchanges in Widespread Securities Investigation: Report appeared first on The Daily Hodl.

Altcoins

Binance Delists Ethereum-Based Token After SEC Declares It an Unregistered Security in Coinbase Complaint

The US arm of crypto exchange Binance removed Amp (AMP) on its platform as federal regulators claim that the Ethereum (ETH) token is an unregistered security. In a new statement, the exchange says that out of an abundance of caution, it will stop supporting the native token of the AMP blockchain effective August 15th. Binance […]

The post Binance Delists Ethereum-Based Token After SEC Declares It an Unregistered Security in Coinbase Complaint appeared first on The Daily Hodl.

Altcoins Crypto News Ethereum

While the Bear Market’s Claws Drag ETH Prices Down, Ethereum Network Fees Remain Low

while-the-bear-market’s-claws-drag-eth-prices-down,-ethereum-network-fees-remain-low

While ethereum prices jumped 61% higher during the last 30 days, the crypto asset’s U.S. dollar value is still down more than 60% lower than ether’s all-time high recorded nine months ago. Amid the market downturn, the network’s average fees have been lower than $5 per transaction and on July 30, at 9 p.m. (ET) More

The post While the Bear Market’s Claws Drag ETH Prices Down, Ethereum Network Fees Remain Low appeared first on BTC Ethereum Crypto Currency Blog.

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Coinbase is Reportedly Facing an SEC Probe into its Cryptocurrency Listings

Amid XRP Lawsuit, Ripple Bosses Tap SEC To Investigate Bitfinex and Tether Parent Company, iFINEX

Coinbase is reportedly under investigation by the United States Securities and Exchange Commission (SEC) with regard to the exchange’s cryptocurrency listings, according to individuals with knowledge of the matter. The SEC is investigating Coinbase over possible securities listings Per a Bloomberg report, the SEC is investigating whether or not Coinbase deliberately listed digital assets that […]

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Cosmos-built EVM-ready blockchain Cronos selects 1st cohort of $100M accelerator

Cronos, the first EVM-compatible layer-1 blockchain built on the Cosmos SDK, announced today the nine participants selected for the first cohort of its flagship $100M-backed Cronos Accelerator Program. The Cronos Accelerator is a 10-week program designed to accelerate the growth of top project teams building on the Cronos chain. The Cronos Accelerator Program is funded by […]

The post Cosmos-built EVM-ready blockchain Cronos selects 1st cohort of $100M accelerator appeared first on CryptoNinjas.

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SEC Regulating The Crypto Sector Will Be A “Nightmare,” Says Billionaire Mark Cuban

Billionaire Mark Cuban warned on Twitter that he faltering sector, whose prices have already been hammered by rising interest rates and recession fears, might face a “nightmare” as a result of tighter SEC oversight. Mark Cuban Throws Jab At SEC Mark Cuban, Shark Tank star and investor, has cautioned that the Security and Exchange Commission’s […]

Crypto News

 Bitcoin Crashes To 7 Days Low, Ethereum And XRP Also Drop

Despite having a boom week, Bitcoin, the most valuable cryptocurrency, sank to its seven days low. Several other altcoins that had also been rallying dropped, including the second-largest coin, Ethereum, which fell over 5%, XRP fell by 4%, and ADA took the lead with 6%. Over the last nine days, Bitcoin has seen positive momentum. From a low of $19,230 to a high of $24,280, the leading cryptocurrency has increased in value by more than 26% since July 12. Related Reading | TA: Ethereum Stuck In Key Range, Why $1,480 Is The Key Nonetheless, BTC’s most recent rise failed to surpass the biggest barrier standing in the way of Bitcoin reaching the $30K price level. Instead, the price of bitcoin began a new downward trend after failing to stabilize above the $23,000 level.  BTC reversed its gains and fell below the $22,000 mark. The price is currently at $21,917.87, down more than 3% from the day before but up 5.2% from the previous week. Its current market capitalization is $418.68 billion, with a 24-hour low of 2.62%. Furthermore, Ethereum lost ground along with BTC and other cryptocurrencies as it could not maintain the $1600 level it had reached earlier in the week. CoinMarketCap data show that its price fell to $1,547.89 over the last day, a decrease of 2.5%. With Ethereum, ADA and XRP Also Experience A Decline During the past 14 days, ETH has outperformed. From the low of $1,008 on July 12 to the month’s high of $1,664 on July 23, it rose gradually. In addition, since the Merge’s announcement date, ETH has increased by over 15.0% during the past seven days, and over the preceding 14 days, the currency has seen a notable increase of 32.3%. Moreover, the eighth-largest cryptocurrency, Ripple (XRP), dropped by 4.9% during the course of the last day, reaching $0.346754, as per data from CoinMarketcap. Additionally, with a drop of 4.70% over the last 24 hours, it also lowers its market worth to around $16.735 billion. The cryptocurrency markets maintained above their respective support levels throughout the last weekend. So, from July 18, there was a bullish surge in the price of XRP, giving the impression that it would overcome any obstacles. But unfortunately, XRP saw a sharp decline at the start of the new trading week. Since it could not reach $0.4 levels, the current market movement had little effect on the price of XRP. Related Reading | TA: Bitcoin Price At Clear Risk of Sharp Drop, Indicators Turn Red On the other side, Cardano’s price had dramatically increased to reach $0.55 and had long since overtaken XRP. However, the bears rapidly pulled both assets, demonstrating their strength over the bulls. However, ADA couldn’t maintain its position at over $0.55. It is trading at $0.493943 right now with a loss of 6.4%, and still, it is heading downward. Featured image from Flickr, chart from Tradingview.com  

Crypto News

Polygon (MATIC) Looks Set For A Retracement After Recent Gains

Polygon (MATIC) has been sky-high and gliding over the past month. Analysts are looking at a retracement to $0.58 if the coin goes below $0.77.    Polygon, self-proclaimed as “Ethereum’s Internet of Blockchains” looks ready for a major move after it has skyrocketed in market value as seen in the past weeks. On the flipside, there is still a strong support zone that may anchor the coin to hold its price. MATIC is currently set in anticipation of a correction but is still has to break the support line. It has been on an upswing and has spiked by more than 200% after it bounced back from a low of $0.32 and reaching a high of $0.98 as seen in July 18. Suggested Reading | Solana (SOL) To Hit $166 By 2025, Despite Current Bearish Conditions MATIC Sell Signal Strong The token looks like its basking on what is referred to as an overbought terrain. A sell signal has been remarkable in the Tom DeMark (TD) Sequential indicator on MATIC’s daily chart. It shows green nine candlesticks or forming a bearish pattern which shows a correction. The weak outlook was supported with the two red candlesticks that appear to be trading below the other red candlestick. Despite its passive movement, MATIC has Parabolic SAR, a strong support cluster, and also the retracement seen at $0.77, and the 100-day moving average keeping it all stable. A daily candlestick that would slide below the critical line may trigger a downward pressure and lead to a correction of 22% at $0.58. MATIC total market cap at $6.87 billion on the daily chart | Source: TradingView.com MATIC To Regain Strength, Move Towards $1.20 If MATIC can breach its July 18 high set at $0.98, then that can shake off its weak outlook. Once it slices through that critical resistance level, MATIC will regain the strength to move closely towards the $1.20 200-day moving average. The token has been getting a lot of eyeballs as it gets ready to upgrade to a multi-chain platform and also as it soared higher over the past month. The entire crypto market has been recovering over the past couple of weeks; and MATIC price has also recouped and risen as a result. Polygon is on track to roll out quicker and more affordable Ethereum transactions. The future looks promising for Polygon as it works its way up to become a multi-chain network, its involvements with NFT, and also with its collaborations and projects with Stripe, Disney, and Adidas. Suggested Reading | Cardano (ADA), After 35% Spike, Locks On Next Target: $0.55 Featured image from VOI, chart from TradingView.com