Brazil’s Special Department of Federal Revenue has announced new measures to ensure that foreign crypto exchanges are compliant with local regulations. This move signals the government’s commitment to regulating the booming cryptocurrency market within its borders. Unlike local exchanges in Brazil, foreign companies have not been required to report their transactions. This lack of transparency
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Recent reports regarding the South Korean Financial Supervisory Service (FSS) have brought to light the regulatory measures being taken with regards to digital assets on local crypto exchanges. The FSS has made it clear that it is not directly involved in the listing or delisting of virtual assets on exchanges, but rather focuses on establishing
The crypto market recently witnessed a significant shift in investor sentiment as crypto funds experienced outflows totaling $600 million in the week ending June 14. This marked a stark contrast to the previous five weeks, where the sector had seen a consistent inflow of funds. The sudden outflows were primarily concentrated in Bitcoin and Solana
FLOKI, a Shiba Inu competitor, has seen significant growth in 2024, with its price more than doubling in value. This surge in price has attracted a wave of new investments into the meme coin, propelling it to new heights in the market. However, amidst this bullish trend, one analyst has raised concerns about the sustainability
Aayush Jindal, a prominent figure in the financial markets, has amassed over 15 years of experience in Forex and cryptocurrency trading. His journey to success began at a young age, where he showcased a natural aptitude for deciphering complex systems and patterns. This innate curiosity led him on a path of continuous learning and growth,
Bitcoin price has experienced a decline and traded below the $65,000 level, indicating bearish signs in the market. Despite attempts to recover above $66,500, the price remained in a bearish zone and initiated a fresh decline from the $67,256 high. There was a clear move below the $65,500 and $65,000 support levels, leading to a
David Hirsch, the chief of crypto asset enforcement at the SEC, recently announced his departure from the agency after serving almost nine years in various roles. Hirsch expressed pride in the work done by the Crypto Assets and Cyber Unit team under his leadership. Hirsch took over as the head of the SEC’s Crypto Asset
The aftermath of the FTX collapse has led to a new legal battle over millions of dollars in assets seized from Sam Bankman-Fried (SBF) and former FTX executives. Various parties are now vying for control of these assets, which include airplanes, funds in different banks, shares of Robinhood stock, and political contributions connected to FTX
Bitcoin investors have been on an emotional rollercoaster ride lately as the price of the popular cryptocurrency continues to fluctuate. While the Bitcoin Taker Buy Sell Ratio has dipped below one, signaling a bearish sentiment, there are glimmers of hope on the horizon. Some exchanges are showing a rising ratio above one, indicating a potential
Solana recently tested the $138 zone before initiating a recovery wave. In order to start a steady increase, SOL price must surpass the key resistance levels at $150 and $155. Current Price Action Currently, SOL price is aiming for an upside break above the $150 resistance against the US Dollar. The price is currently trading