US Lawmaker Urges SEC to Go After Major Crypto Exchanges That Traded XRP

U.S. Congressman Brad Sherman has urged the U.S. Securities and Exchange Commission (SEC) to go after major cryptocurrency exchanges that traded xrp, which the regulator deems a security. “It’s easier to go... Read more »

Three Arrows Capital liquidators control $40M of the fund’s assets

Three Arrows Capital (3AC) liquidators Teneo have gained control of assets worth $40 million belonging to the embattled hedge fund, Bloomberg News reported July 21. The liquidators reportedly stated that the fund’s... Read more »

After Rally, Ethereum Looks Primed for Profit-Taking

Key Takeaways Ethereum is currently presenting a sell signal on the daily chart. The bearish formation comes after ETH rallied 40%. A spike in profit-taking could push ETH to the $1,300 support... Read more »

Pro Bitcoin traders are uncomfortable with bullish positions

The previous $19,000 Bitcoin (BTC) support level becomes more distant after the 22.5% gain in nine days. However, little optimism has been instilled as the impact of the Three Arrows Capital (3AC),... Read more »

Bitcoin’s Mining Difficulty Slides 5% Dropping to Levels Not Seen Since March

On July 21, 2022, at 2:14 p.m. (ET) at block height 745,920, Bitcoin’s mining difficulty dropped by 5.01% outpacing the last two epoch changes. The latest downward shift makes it 5% easier... Read more »

Tesla, MicroStrategy, Block’s bet on Bitcoin leads to $5B loss on books in Q2 – Bloomberg

Tesla, MicroStrategy, and Block’s bet on Bitcoin (BTC) led to a combined loss of $5 billion on the books in the second quarter, Bloomberg News reported on July 22. According to the... Read more »

Bitcoin traders eye levels to hold as ‘decision time’ looms for BTC price

Bitcoin (BTC) recovered above $23,000 into July 22 as attention increasingly focused on the upcoming weekly close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price needs to preserve at least $22,400... Read more »

US Lawmaker Slams SEC for Not Regulating in Good Faith — ‘Under Chair Gensler, SEC Has Become Power-Hungry’

A U.S. congressman has slammed the Securities and Exchange Commission (SEC) and Chair Gary Gensler for cracking down on companies outside the SEC’s jurisdiction. The SEC “is not regulating in good faith,”... Read more »

ApeCoin Jumps 36% as Otherside Unveils Its Metaverse

Key Takeaways ApeCoin has surged nearly 36% over the past three days. The spike in volatility coincides with the first demo release of Otherside.  Further upward pressure could help APE hit $7.50.... Read more »

India’s finance minister says punitive crypto taxes will remain in force

Local media outlet Financial Express reported that the Indian government has no plans to reduce taxation on crypto transactions. On April 1, India implemented a 30% tax on income gained from cryptocurrency... Read more »