SEC’s Crypto Crackdown is the Best Thing that Ever Happened to the Industry- Here’s Bloomberg’s Reason – Coinpedia Fintech News

US regulators and the crypto market seem to be on an exhilarating rollercoaster ride, destined for a high-stakes showdown. The future of many issuers and intermediaries hangs in the balance, as they could soon be thrust out of business or forced to seek refuge abroad. Bloomberg’s editors have boldly declared the SEC’s crypto crackdown as the “greatest thing to ever […]

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Litecoin Moves In Range, But Risks Drop To Low Of $73.09

The price of Litecoin (LTC) is falling as it deviates from the moving average lines. Long-term forecast of Litecoin price: bearish The cryptocurrency asset experienced an upward correction but was unable to cross the moving average lines. Buyers tried to keep the price above the $92 resistance on April 25 and 29, but they failed to do so. As LTC […]

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ARK Invest spends Int'l Workers' Day by buying $8M in Coinbase shares

ARK Invest, the investment management firm founded by legendary investor Cathie Wood, has celebrated International Workers’ Day by buying shares of the cryptocurrency exchange Coinbase. On May 1, ARK purchased 129,604 Coinbase (COIN) shares for its ARK Innovation exchange-traded fund (ARKK), according to an investor notification seen by Cointelegraph. The investment company also bought 23,456 COIN stocks for the ARK […]

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Bitcoin Is Crashing, But Transactions At New All-Time Highs

In a day when Bitcoin prices are crashing, posting worrying drops from April 2023 peaks, the underlying network is processing record transactions. Bitcoin Prices Dropping, But Why? Dune Analytics data on May 1 shows that the platform is processing record transactions which, if going by historical performance, would typically point to demand. In a normal scenario, this demand could translate […]

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What the Gensler hearing means for US crypto regulation and policy

Gary Gensler, the United States Securities Exchange Commission (SEC) chair, recently appeared before the U.S. House of Representatives Financial Services Committee for a hearing regarding his leadership of the regulatory agency.  The hearing, with Gensler as the only witness, promised to be unpleasant for the SEC chair, with the federal agency’s actions during Gensler’s leadership since spring 2021 coming under […]

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AVAX Smart Contracts Hit 6-Month High

AVAX has been expanding its reach in various areas over the past few months, but one aspect that has seen tremendous growth is its smart contract deployment.  With this significant milestone, many investors and traders alike are speculating whether this development could be the catalyst that propels the Avalanche Network native token’s price to new heights.  Will this newfound growth […]

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More crypto exchanges list Pepe following trading frenzy

On May 1, cryptocurrency exchange OKX announced that it would be listing meme token Pepe at 17:00 Hong Kong Time (HKT) and open Pepe withdrawals on May 2 at 17:00 HKT. In supporting the listing decision, OKX staff wrote:  “Pepe the Frog is a cartoon character and internet meme created by cartoonist Matt Furie. Pepe was designed to be a […]

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