Markets

The new measures will be rolled out in phases, beginning in mid-2024. One of the incoming rules will ban the use of locally issued credit cards to purchase cryptocurrencies. In a bid to safeguard retail investors amidst the growing number of individuals engaging in digital asset usage, Singapore has taken steps to tighten crypto regulations. The Monetary Authority of Singapore (MAS) recently announced these new measures, aimed at curbing risky practices that often serve as incentivization...

After an impressive run along with the rest of the crypto market, Polygon’s native token – MATIC – lost approximately 15% of its value over the past week dragging its price to $0.77. Experts suggest that this level is far below the crucial support zone. If the price continues to stay below this range, there is an increased risk that these holders may begin selling to prevent substantial losses. According to prominent crypto analyst Ali Martinez, MATIC has fallen beneath a...

The crypto market has become part of the global financial landscape, with investors looking to purchase digital assets on different exchanges. However, for investors who value their privacy, buying crypto without completing a form of identity verification process can be challenging, especially with global regulators tightening their oversight of the industry. While the nascent sector is teeming with hundreds of projects that offer crypto trading and swapping services, very...

Dogecoin has climbed 1.93% today and is currently trading at $0.07622. However, it remains down 4% this week after the U.S. Department of Justice (DoJ) fined Binance $4.3 billion and its CEO resigned. Is this a good time to buy Dogecoin, or is it poised for further downside movement? Meanwhile, the new trending presale Meme Kombat continues to garner attention after blasting past $2 million. Dogecoin Pumps With Traders Bullish on Next Move Despite a recent pullback, Dogecoin...

Grayscale officials had previously met with the US SEC representatives to the division of trading and markets to discuss the proposed rule to list and trade GBTC under NYSE Arca. After the United States Department of Treasury purged Binance Holdings Ltd’s operations in the country, the pathway for spot Bitcoin exchange-traded funds (ETFs) was clear. Around the same time, Grayscale Investments, a digital asset management company owned by Digital Currency Group (DCG), was preparing to update...

EOS price is attempting another increase from the $0.638 support against the US Dollar. The price is now trading below $0.700 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.708 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could start a fresh increase if it climbs above the $0.685 and $0.700 resistance levels. EOS price is recovering above $0.660 against the US Dollar,...

Litecoin is holding the key support at $65.00 against the US Dollar. LTC price is now trading below $70.00 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $70.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $70.00 and $71.00 resistance levels. Litecoin price is rising from the $65.00 zone against the US Dollar, like Bitcoin. LTC...

Grayscale Investments, a prominent cryptocurrency asset manager, is making significant strides in its quest to convert its Grayscale Bitcoin Trust (GBTC) into a spot bitcoin exchange-traded fund (ETF). The company recently held a crucial meeting with the Securities and Exchange Commission (SEC) to discuss potential listing matters related to the shares of the product. Grayscale Meets with SEC to Discuss Listing Matters According to a memo published by the SEC, Grayscale...

Richard Teng, the new CEO of the world’s largest cryptocurrency exchange, Binance, is no stranger to the world of finance. His ascent into the new position substantiates rumors that made the rounds earlier this year about him being the right fit for the job amid Binance’s regulatory woes. According to a company blog post, Teng joined the exchange in August 2021 as the CEO of Binance Singapore, with over three decades of experience in finance and the regulatory space. Facts...

Technical Analysis By GreatestTrader Ethereum’s recent forceful upswing encountered resistance upon reaching a critical price region, encompassing the $2K threshold and the upper boundary of an ascending wedge. This resulted in a phase of consolidation correction, retracing towards the 100 and 200-day Moving Averages (MAs). A comprehensive analysis of the daily chart exposes a notable presence of supply in the crucial $2K region, coinciding with the upper boundary of the...