Bitwise Chief Investment Officer Matt Hougan believes the recent regulatory scrutiny could work in Coinbase’s favor and benefit the company in its fight against the SEC. The US SEC recently issued a Wells Notice to Robinhood Crypto, indicating potential enforcement action for securities violations. According to Hougan, these regulatory investigations are playing a significant role in shaping the competitive landscape among cryptocurrency exchanges, and are particularly benefiting Coinbase. In a post on social media platform X, Hougan argued that the strict regulatory environment unintentionally creates a competitive advantage for Coinbase by building an artificial moat around its operations. These advantages…
Author: Crypto Flexs
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“Congress should enact new legislation to avoid legal challenges, but it is unclear whether that will actually happen,” Baumann added. Gensler has directly stated that cryptocurrencies do not need custom laws or guidelines, given his views on cryptocurrencies, banning Bitcoin, and that everything walks and talks like a security.
Bitcoin (BTC) price hit $65,000 in the early Asian trading session on May 6, with the 50-day exponential moving average (EMA) maintaining immediate support for BTC.The BTC/USD pair rose 3.45% from its May 6 low of $63,340 to an intraday high of $65,523, according to data from Cointelegraph Markets Pro and TradingView.BTC/USD daily chart. source: TradingViewBTC is about 15% above the two-month low of $56,500 it reached last week on May 1, as concerns about stagflation in the U.S. economy sent investors into risk-off mode. BTC’s recovery has created a bullish weekly candle with the Bitcoin funding ratio returning “to…
Victoria, Seychelles, May 6, 2024, Chainwire Bitget Wallet, one of the largest Web3 wallets and full-stack DeFi platforms, has officially integrated support for the pioneering Bitcoin staking protocol, Babylon Testnet. With this development, users will be able to discover and connect to the Babylon Testet from the app and browser extension versions of Bitget Wallet, streamlining the Bitcoin staking process for users. this complete Seamlessly manages token and asset transfers and allows secure interaction with decentralized applications (DApps). To connect to the Babylon testnet, users simply search for and add the network on the BitGet Wallet homepage. The Babylon testnet…
DeFi • May 6, 2024, 1:10 PM EDT Posted 1 minute ago In ~ Ethereum layer 2 protocol Arbitrum has surpassed $150 billion in trading volume on decentralized exchange Uniswap. Arbitrum is the first layer 2 DEX to pass the threshold of Uniswap Labs. wrote in a social media post on Monday. As of early May, Arbitrum’s cumulative swap trading volume reached $150.2 billion.Blockchain data tracker DeFiLlama shows that Arbitrum’s Total Value Locked (TVL) is $2.64 billion, making it the largest layer 2 in TVL and the 5th largest protocol in TVL after layer 1 Solana, BSC, Tron, and Ethereum.…
According to BitMEX co-founder Arthur Hayes, the next few months will provide an ideal opportunity to accumulate cryptocurrencies before the next phase of the bull market begins. “For people who have fiat and extra cash that they want to allocate to crypto, this is the perfect opportunity,” Hayes told Cointelegraph in an exclusive interview, referring to the current limited-scope market. According to Hayes, inflationary monetary policy will play a major role in pushing Bitcoin (BTC) and the broader cryptocurrency market higher later this year. “Major economies around the world will print significantly more money between now and the next 18…
May 6th Bitfinex Alpha | BTC Noisy, But Volatility Eases Post time: 10:55h On Bitfinex Alpha Posted by Tammy subscribeTo Bitfinex Alpha! Want to receive Alpha from Bitfinex every week? subscribe In the Bitcoin market, we continue to see traders adapting to new supply rates of BTC in the market through mining and seeking price balance as they absorb increasingly complex messages about inflation and interest rates from macroeconomic indicators.Last week, BTC fell to new local lows before a sharp correction, and the past week has seen volatile market sentiment despite major altcoins holding steady above their April lows. A…
Kaiko’s analysis shows that meme coins such as Pepe (PEPE) and Dogwifhat (WIF) are driving the use of leverage among altcoin traders. The post Meme Coins Are Dominating Altcoin Leverage, Kaiko Report appeared first on Crypto Briefing.
Phishing attacks within the cryptocurrency industry fell 46% in April to $38 million, the lowest level of the year. according to to security company Scam Sniffer.Notably, this is consistent with CertiK’s findings that cryptocurrency-related abuse and fraud plummeted to an all-time low of $25.7 million in April.Phishing Attacks in AprilBase, the Ethereum layer 2 network backed by Coinbase, has seen a 145% surge in phishing incidents over the past month, reaching $8.2 million, according to research by Scam Sniffer. Two of the top 10 single thefts occurred at this chain, accounting for 21% of total thefts for the month.Top 10…
AVAX price is rising above the $36.50 resistance. Avalanche could move higher if there is a clear move above the $40.00 resistance zone. AVAX price is rising from the $30.50 support zone against the US dollar. The price is trading above $35.00 and the 100 simple moving average (4-hours). On the 4-hours chart of the AVAX/USD pair, a breakout occurred above the main bearish trendline with resistance at $34.00 (data source from Kraken). The pair could continue to rise if it stays above the $36.30 and $35.50 support levels. AVAX price aims higher After a steady decline, Avalanche’s AVAX found…