Author: News Room
The return of KuCoin to the Play Store in India despite recent legal issues marks a significant development for Indian crypto investors. Despite facing charges from the U.S. Department of Justice (DOJ) for violating anti-money laundering laws and a lawsuit from the U.S. CFTC over its ETH margin trading, KuCoin is making efforts to continue its operations. 𝗛𝘂𝗴𝗲 𝗡𝗲𝘄𝘀 𝗳𝗼𝗿 𝗜𝗻𝗱𝗶𝗮𝗻 𝗖𝗿𝘆𝗽𝘁𝗼 𝗨𝘀𝗲𝗿𝘀 🔥🔥#KuCoin is back on the Play Store after being the first FIU-complaint foreign #Crypto exchange in 🇮🇳 India pic.twitter.com/OfCKhPzbe1 — Wise Advice (@wiseadvicesumit) April 3, 2024 However, data from Kaiko shows that the impact of these charges…
A CoinLedger study discovered that cryptocurrency portfolios increased in value by an average of $2,804 this year as the industry raced toward its previous 2021 peak. The crypto tax and portfolio management software provider analyzed a database of over 500,000 investors to map out popular tokens and solutions being leveraged amid a bull run underpinned by institutional interest and retail demand. According to CoinLedger, users hold the most unrealized gains primarily in crypto’s top two digital assets: Bitcoin (BTC) and Ethereum (ETH). The two tokens have grown over 57% and 45% year-to-date (YTD) per TradingView. BTC YTD chart | Source:…
On April 2, David Spika, Chief Market Strategist at Turtle Creek Wealth Advisors, shared his insights on CNBC’s “Power Lunch” regarding the investment dynamics between Bitcoin and gold, especially against the backdrop of the current fiscal situation in the US and global economic conditions. Spika opened by addressing the anomaly in gold’s performance amidst expectations of a soft landing and a favorable stock market rally. He attributed gold’s resilience partly to the fiscal situation in the US, including the near $2 trillion deficit and the burgeoning total debt, projected to hit $40 trillion. He believes this scenario makes gold an…
The WorldCoin (WLD) price is navigating through a tumultuous phase, highlighted by the 30-day Market Value to Realized Value (MVRV) Ratio plummeting to -14.98%, which might suggest the asset is undervalued. Despite this, the prevailing market dynamics are prompting holders to consider selling their holdings to mitigate losses. Analyzing WorldCoin’s Market Sentiments Currently, WorldCoin is in a challenging situation, as evidenced by the 30-day MVRV Ratio’s significant drop to -14.98%. While such a decrease typically indicates an undervaluation — often forecasting a potential price recovery — the ongoing market trends suggest a different story may unfold. The recent sharp decline…
Bitcoin Cash (BCH) experienced a notable fluctuation in its value surrounding its most recent block reward halving, initially dropping to $565 just before the halving but later recovering to around $676, marking an 11% increase for the day and nearly 20% for the week. The halving event, which reduced the reward for Bitcoin Cash miners […] Read the full article here
An analyst and trader is issuing a warning on Bitcoin (BTC) amid the flagship crypto asset’s double-digit pullback from an all-time high reached last month. The analyst pseudonymously known as Rekt Capital tells his 71,300 YouTube subscribers that Bitcoin is currently experiencing a correction ahead of the halving scheduled to occur in a little over two weeks. “So this pre-halving retrace began around 30 days before the halving and so we are in the thick of the danger zone… Because we’re still in the danger zone anything can still go. This is still volatility that’s supposed to get us closer…
A new report from CoinGecko shed light on the meme coin industry, as the top ten tokens by market capitalization accounted for 1312.6% in returns in Q1 2024, turning the meme coin sector into the most profitable of all crypto narratives. Moreover, the report states that out of the ten largest memecoins by market cap, three were new tokens that launched in March —Brett (BRETT), BOOK OF MEME (BOME), and cat in a dogs world (MEW). BRETT provided the highest returns with 7727.6%. The second coin with the largest returns is dogwifhat (WIF), Solana’s first dog-themed memecoin, which surged 2721.2%…
The government of a country may have Bitcoin as a reserve asset. Governments worldwide own an estimated 569,070 Bitcoins, which amounts to 2.69% of the total supply. In 2021, El Salvador became the first country to make BTC a legal tender and mandated all local businesses to accept payments in BTC. According to the experts, the lesser developed countries could use Bitcoin ownership as a strong driver to establish a vibrant ecosystem and create infrastructural solutions to facilitate the integration of cryptocurrencies into the real economy. Bitcoin ownership by countries can promote wider crypto distribution and reduce crypto concentration, thus…
The March-end recovery in Shiba Inu price failed to break past the $0.0000328 barrier amid the broader market correction. The bearish downturn plunged the coin value to $0.0000262, registering a 20% weekly loss. This retracement phase led by a downsloping trendline hints the SHIB price is poised for further downfall. Read the full article here
Argentina’s top financial regulator says that it wants to “work together” with the nation’s crypto industry as it steps up its control over the sector. In an official government release, the National Securities Commission of Argentina (CNV) called its new registry of crypto exchanges and service providers “simple.” It also claimed the registry does away with “formalities and absurdities.” Argentina Regulator: Trying to Placate Crypto Sector? Argentina’s rate of crypto adoption has accelerated in recent years in response to rampant inflation. Previous governments have attempted to cap foreign currency buying. This has driven many people in the nation to stablecoins…