The price of XRP has been under extreme pressure over the past few weeks, moving in tandem with general cryptocurrency market movements. The asset has fallen more than 20% so far this month and more than 7% last week. XRP’s overall market capitalization has plummeted to $26 billion over the past few weeks, with the total volume of assets traded on the last day falling by 11%. regulatory issues XRP price has recorded significant losses over the past few weeks due to bearish cryptocurrency market sentiment and regulatory concerns in the sector. Global cryptocurrency market capitalization has been under tremendous…
Author: Crypto Flexs
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The U.S. Securities and Exchange Commission (SEC) has postponed approval of Franklin Templeton Digital Holdings’ spot Bitcoin ETF. However, it has called for public consultation on the risks associated with the product. Franklin’s Bitcoin ETF approval delayed, public input needed In a recently filed filing, Franklin Temptation Digital Holdings announced its intention to list a spot Bitcoin ETF on a stock exchange, as specified by the SEC. “As further described in the Notice,7 the Exchange proposes to list and trade the shares of the Fund, Series Franklin Templeton Digital Holdings Trust (“Trust”) pursuant to BZX Rule 14.11(e)(4). It manages the…
Coinbase warned some users that it had received a subpoena from U.S. regulators related to cryptocurrency exchange Bybit, according to an email sent by the exchange posted on social media. An official familiar with the matter confirmed the authenticity of the email through a message sent to The Block.“No action is required on your part, but Coinbase may respond to the subpoena unless a motion to dismiss or other objection to the subpoena filed in court is served before November 30, 2023. This may include: This includes sending information about the transaction to: Commodity Futures Trading Commission,’ the email said.The…
With how popular crypto has become, some of the world’s biggest nonprofit charitable organizations have begun accepting donations in cryptocurrency, from the Red Cross to the Rainforest Foundation. Ahead, we’ll go into detail about some of the biggest advantages of donating cryptocurrency to charity, how to actually make your donation with crypto, which charities accept it and some important tax benefits to be aware of.In this articleWhy donate crypto?One of the crypto industry’s grandest ambitions is to create a more equitable financial world through the low-cost transfer of value across borders, helping lift the unbanked out of poverty and bring…
The US dollar index jumped to its highest level in five months. This rally occurred as the U.S. economic growth continued. Cryptocurrencies such as Litecoin have an inverse relationship with USD. Litecoin Prices continued to remain under extreme pressure on Tuesday as the US Dollar Index (DXY) surged to its highest level in five months. LTC retreated to the lowest level of $62 and remains near the lowest level since December of last year. US dollar index soars Litecoin and other cryptocurrency prices have come under scrutiny following last week’s incident. On Wednesday, the U.S. Securities and Exchange Commission (SEC)…
In a recent blog post, Ethereum co-founder Vitalik Buterin expressed his views on the ongoing debate surrounding “tech optimism.” This post was particularly prompted by Marc Andreessen’s “Manifesto of Techno-Optimism,” which advocates a passionate embrace of technology, markets, and capitalism as tools to propel humanity toward a brighter future. Andresen’s manifesto stands firmly against stagnation ideologies that emphasize fear of progress and maintenance of the status quo.In particular, Andreessen made the following bold statement:“Because love does not expand, an economy can only be run by money or power. Force tests were run and found to be insufficient. “Let’s just hold…
Bitcoin price is falling below the $37,000 level. BTC may continue to decline towards the $36,000 level or even the $35,000 area in the next session. Bitcoin is in a downward trend and is moving down from the $37,750 resistance. The price is trading below $37,400 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming with resistance near $37,380. A break above the support level of $36,750 could continue the decline for the currency pair. Bitcoin price decline continues Bitcoin price surged into the $38,500 area…
A widely respected cryptocurrency analyst has named two altcoins he is bullish on as Bitcoin (BTC) reclaims the $38,000 range. pseudonym trader The Flow Horse says The 188,000 followers of social media platform “Things I’m optimistic about. Consistent leaders in this movement – SOL and LINK are good examples. Any project that can be substantially related to artificial intelligence. New coin with fewer carts available. “There is no psychologically burdensome bearish price history and no backholder overhang.” Chainlink is trading at $14.58 at the time of this writing, up 2.2% in the last 24 hours. Meanwhile, Solana is trading at…
TL;DRCrypto key management involves understanding and protecting your crypto wallet keys.Key management also includes protecting the various mechanisms (like passwords) that can provide access to your crypto wallet keys.Consider all of the accounts and mechanisms that are used to gain access to your keys both in your wallet(s) and in all backup locations. In the event of a possible wallet compromise, sweep your crypto to a new wallet. Practice this so that you understand the process and could do it quickly. In case you need to restore your wallet on a new device, you should carefully practice restoring your wallet…
The Securities and Exchange Commission (SEC) on Tuesday received new feedback from the public on whether it should approve or disapprove a spot Bitcoin ETF requested by asset manager Franklin Templeton, just weeks after first delaying a decision on the proposed fund. He stated that he wanted to. The move has some analysts noting that regulators appear to be moving quickly. The SEC said it wants more analysis and is “initiating proceedings” to do so. Regulators asked commenters Tuesday about the fund’s relationship with Coinbase, which would serve as custodian if the ETF wins approval, as well as concerns about…