Crypto news
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Cryptocurrency
Crypto Update (Dec 21, 2024): Bitcoin Surges to $97k
The cryptocurrency market is witnessing a promising recovery after experiencing setbacks over the past 48 hours. As of today, the market capitalization has climbed by 1.34%, reaching an impressive $3.4 trillion. This resurgence is accompanied by a significant uptick in trading volumes, which have surged by 10.25% to $291.27 billion. This marked increase in activity indicates a renewed sense of optimism among investors, as reflected in the Fear & Greed…
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Cryptocurrency
Current Crypto Update (Dec 21, 2024): Bitcoin Surges to $97,000
The cryptocurrency market is showing signs of recovery after recent setbacks. With the market capitalization recording a 1.34% increase over the last 24 hours, the total valuation has now reached an impressive $3.4 trillion. This positive momentum is further underscored by a significant 10.25% rise in trading volumes, which now stand at $291.27 billion. Such trends reflect growing optimism among investors, as indicated by the Fear & Greed Index, which…
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Cryptocurrency
SEC Charges Tai Mo Shan with Deceptive Practices Toward Terra Investors
Cryptocurrency has emerged as a beacon of financial independence for many, offering unprecedented opportunities and challenges. However, for others, the world of crypto is fraught with uncertainties and scandals that can have a disruptive impact on the ecosystem. One such saga involves the SEC’s charges against Tai Mo Shan Limited, a subsidiary of Jump Crypto Holdings LLC, for allegedly misleading investors regarding the stability of Terra USD and the sale…
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Cryptocurrency
SEC Alleges Tai Mo Shan Misled Terra Investors
Unraveling the Cryptocurrency Conundrum: From Financial Freedom to Scandal Cryptocurrency has been hailed as a potential pathway to financial freedom, offering promising opportunities for those willing to navigate its volatile landscape. However, for some, the journey through the crypto world can be fraught with challenges, particularly when scandals arise. One such controversy involves the U.S. Securities and Exchange Commission (SEC) charging Tai Mo Shan Limited, a subsidiary of Jump Crypto…
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Cryptocurrency
Considering Buying ETH? Ethereum Whales Acquire $28.5M in Ether
Ethereum (ETH), recognized as the second-largest cryptocurrency globally by market capitalization, is demonstrating a promising upward trajectory after experiencing a noticeable price downturn in recent days. This optimistic outlook is fueled by investors and long-term holders who have taken advantage of the dip to buy more ETH, indicating a robust belief in its potential. Crypto Whales Boost Ethereum Holdings with $28.5 Million Acquisition In a recent development, crypto whales have…
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Cryptocurrency
Is It the Right Moment to Invest in ETH? Ethereum Whales Acquire $28.5M in Ether
Ethereum Poised for Continued Growth: A Detailed Analysis Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is exhibiting signs of continued upward momentum following a recent dip in its price. This optimism is largely driven by savvy investors and long-term holders who are strategically purchasing Ethereum during these lower price points. Significant Accumulation by Crypto Whales In a notable development, Lookonchain, a blockchain transactions tracker, recently highlighted on social media…
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Cryptocurrency
$164 Million in Cardano (ADA) Withdrawn: A Buying Opportunity?
Cardano’s native token, ADA, has captured the interest of the cryptocurrency community, despite experiencing a notable decline in its value. Over the past 48 hours, ADA’s price has plummeted by over 30%. Nevertheless, the increasing engagement from long-term holders and traders on platforms like Binance suggests a potential recovery in the token’s market performance. $164 Million ADA Outflow: A Significant Market Movement As of December 20, 2024, Coinglass’s on-chain metrics…
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Cryptocurrency
$164 Million ADA Outflow: A Potential Buying Opportunity?
The Rise and Resilience of Cardano’s ADA: An In-Depth Analysis In the dynamic world of cryptocurrencies, ADA, the native token of the Cardano blockchain, has captured the attention of many crypto enthusiasts. Despite experiencing a sharp price decline of over 30% in just 48 hours, ADA’s potential for recovery remains a topic of interest. This interest is particularly fueled by long-term holders and active traders on platforms like Binance, suggesting…
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Cryptocurrency
EU’s MiCA Crypto Rules Might Influence Market Liquidity: Bloomberg
The introduction of new European Union (EU) regulations regarding cryptocurrencies is poised to transform the digital tokens market by the year’s end, with significant implications for stablecoins such as Tether’s USDT. As the EU aims to foster a more controlled and secure environment for digital assets, several crypto exchanges have already delisted the prominent stablecoin USDT to comply with the Markets in Crypto-Assets (MiCA) regulations. While these regulations are intended…
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Cryptocurrency
EU’s MiCA Crypto Rules May Affect Market Liquidity: Bloomberg
The introduction of new European Union (EU) crypto regulations, scheduled to take effect by the end of this year, is already making waves in the digital asset market. These regulations particularly impact stablecoins such as Tether’s USDT, which have been delisted by many crypto exchanges across the EU in an effort to align with the Markets in Crypto-Assets Regulation (MiCA). While the primary objective of these regulations is to enhance…
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