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
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
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
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
The XRP price has recently shown signs of a decent recovery wave, surpassing the $0.4850 mark. This positive movement is further supported by the fact that the price has reclaimed the 100-hourly Simple Moving Average, indicating a potential for further upsides in the near future. After finding support at $0.4600, XRP price has initiated a
The current state of Polkadot (DOT) is not looking so bright, as the cryptocurrency is facing a significant decline. This downward trend is being fueled by a combination of factors such as market-wide volatility, negative investor sentiment, and regulatory pressures. As the price of DOT continues to drop, investors are advised to be cautious and
Throughout history, currencies have played a vital role in organizing and advancing societies. From bartering systems to standardized coins and paper money, the evolution of currency has defined the human experience. However, recent decades have witnessed a shift in the financial landscape, with many areas of the world facing financial chaos. The transition to fiat