US judge slaps $36M fine on man for 5-year crypto investor fraud

The court order demands approximately 85% of the significant fine to be paid back to victims of William Koo Ichiokas fraudulent scheme.

View Details

UK Parliament Introduces Bill to Recognize Bitcoin and Crypto as Personal Property

The new legislation aims to provide legal clarity and protection for Bitcoin and digital asset owners.

View Details

Dogecoin Price Decline Looms As Bears Cut Short Recovery: Key Levels To Watch

Dogecoins recent recovery has been abruptly halted by renewed bearish pressure, paving the way for a potential further decline. After attempting a rebound, the bears have regained control of the market, pushing DOGE back toward its previous low of  $0.0914. As the crypto asset’s price moves towards this level, speculations are whether it will break or experience a rejection and begin to move upward. This article delves into providing an analysis of Dogecoin’s recent price action to identify and examine key support and resistance levels that traders and investors should watch to understand the potential direction of DOGE’s movement.  At the time of writing, DOGE’s price was down by over 5.13%%, trading at about $0.1043, with a market capitalization of more than $15 billion and a trading volume of more than $787 million. In the last 24 hours, the market capitalization of SOL has decreased by 5.22%, while trading volume has increased by 4.26%. Overview Of DOGE’s Recent Price Action Analyzing the recent movements and trends in DOGE’s price reveals that: On the 4-hour chart, the crypto asset is actively bearish and trading below the 100-day Simple Moving Average (SMA). DOGE’s price has been consistently bearish since after the disruption of its recovering move at $0.1069 and is currently attempting a move towards its previous low of $0.0914. Also, with the formation of the 4-hour William alligator, although Dogecoin is currently rising, there is a possibility that it may begin to drop again as both the alligator lip and teeth are presently trending below the alligator jaw. On the 4-hour chart, it can be observed that the price of DOGE is still bearish as it is still trading below the 100-day SMA. Even though the price is attempting a short-term pullback by dropping a bullish candlestick, the crypto asset may extend its bullishness in the long run. Additionally, the 4-hour William alligator indicates more bearishness for the crypto asset as both the alligator lip and teeth are actively trending below the jaw. Key Support Levels To Monitor For Dogecoin Presently, DOGE is attempting a downward move toward its previous low of $0,0914. If the asset’s price reaches this level and closes below, it will continue to move downward to test the $0.0745 support level and probably head on to test the $0.0559 support level and other higher levels if the $0.0745 support is breached.  However, if the price reaches $0.0914  and fails to close below, it will start to rise toward the $0.1293 resistance level. Should it break above this resistance point, it will continue to move upward to test the $0.1491 level. Furthermore, Dogecoin might witness a further rise to test the $0.1649 mark and other levels on the chart if it breaks below the $0.1491 level. Featured image from iStock, chart from Tradingview.com

View Details

LayerZero On The Rise: ZRO Bullish Momentum Points To New Highs

LayerZero (ZRO) is currently experiencing strong bullish momentum, positioning itself for potential new highs in the future. This sustained upward trend indicates growing investor confidence and increased market interest in the platform’s capabilities.  As ZRO continues to gain traction, technical indicators suggest that this momentum could drive the price to unprecedented levels. Traders and investors are closely monitoring this movement, anticipating further gains and strategic opportunities as LayerZero pushes toward new market peaks. This article delves into providing an in-depth analysis of ZRO’s current bullish momentum and its potential to reach new highs. By examining current price performance and technical indicators, this article seeks to provide strategic advice for investors looking to capitalize on ZRO’s potential growth. ZRO was trading at around $4.15 and was up by 36.66% with a market capitalization of over $456 million and a trading volume of over $816 million as of the time of writing. There has been a 24-hour increase of 36.62% and 152.75% in ZRO’s market capitalization and trading volume respectively. Analyzing The Current Bullish Trend Of ZRO A technical analysis of ZROs price action on the 1-hour chart reveals that the crypto asset is actively bullish and trading above the 100-day Simple Moving Average (SMA). Since facing rejection at the $2.69 support level, ZRO has been consistently bullish and is currently attempting to break above the $4.28 resistance level. The formation of the 1-hour William alligator signals that the price of ZRO may continue to extend its bullish trend as both the alligator lip and teeth are currently trending above the jaw after a successful cross above it. On the 4-hour chart, it can be observed that ZRO is actively bullish. Although the price is attempting a short-term pullback by dropping a bearish candlestick, the crypto asset may extend its bullishness in the long run. Additionally, the 4-hour William alligator indicates more bearishness for ZRO as both the alligator lip and teeth are actively trending above the jaw after moving above it. ZRO Price Forecast Analyzing potential future possibilities of ZRO’s price movement reveals that if the digital asset breaks above the $4.28 resistance level, it may move higher to challenge its all-time high of $5.62. If this level is breached, ZRO might move on to create a new all-time high. However, if the price of ZRO experiences rejection at the $4.28 resistance level, it will begin to descend toward the $3.27 support level. Should the asset breach this level, it may continue to decline to test the $2.69 support level and possibly move on to test other higher levels if it breaches the $2.69 level. Featured image from Adobe Stock, chart from Tradingview.com

View Details

Nigerian crypto star out on bail following police detention

Industry watchers are closely monitoring the case for signs of how Nigerian authorities will handle similar cases, which could impact the countrys growing cryptocurrency sector.

View Details

MiCA and Its Impact: What You Need to Know about the EU's Latest Crypto Regulation

The European Union is set to become the worlds rstsignicant jurisdiction with a tailored, comprehensive crypto law through itsMarkets in Crypto Assets regulation (MiCA), which will take effect in 2024.This legislation promises to provide legal certainty and introduce compliancechecks to enhance its consumer protection efforts.

Compliance-Related Updates and the Key Provisions of MiCA

Transparency and disclosure: Crypto issuersmust publish detailed white papers outlining the specics of the crypto-assets,including potential risks and environmental impacts. These white papers must betransparent, fair, and non-misleading.

Consumer protection: Providersmust act in the best interest of their clients, offering transparentinformation about pricing, fees, and risks associated with crypto-assets. Cryptoassets must be kept separate from providers' own assets, and client complaintsmust be handled promptly and effectively.

#MiCA, the Markets in Crypto-Assets Regulation, is the most comprehensive cryptocurrency regulation in the world. It was recently adopted by the European Parliament and is expected to come into force in 2024.Let's read more about it pic.twitter.com/dWxSPcSnwx

Market integrity: MiCAincludes measures to prevent market abuse, such as insider trading andmanipulation. It mandates the public disclosure of inside information andenforces strict rules against the unlawful dissemination of insiderinformation.

Prudential requirements: Providersmust maintain adequate nancial resources, including meeting minimum capitalrequirements and having recovery plans to address potential nancialdiculties.

Transition period: Atransitional regime allows existing crypto-asset service providers to continueoperating while they apply for the new MiCA licenses. This period extends until2026, providing time for adaptation to the latest regulations.

Regulating Stablecoins

A significant portion of MiCA focuses on stablecoins,cryptocurrencies tied to the value of other assets, like traditionalcurrencies. In MiCA, stablecoins are categorized as "e-money tokens"(EMTs) if they are linked to the value of a at currency or"asset-referenced tokens" (ARTs) if they are linked to other assets.These tokens must maintain appropriate reserves and be well-managed.

The regulations become stricter as the use of these tokensincreases. To prevent them from undermining the euro, stablecoins not pegged toan EU currency are prohibited from exceeding 1 million daily transactions. Therules also apply to algorithmic stablecoins, like TerraUSD, which use automatedcoding to maintain their value.

The application of MiCA to non-fungible tokens (NFTs)remains to be seen, and regulators may need to examine each token individuallyto determine if it is unique or interchangeable.

This decision could have far reaching consequences with regards to how NFTs are marketed and resold as it may play a key role in determining if it is a security per the Howey Test. Must read. https://t.co/QodwOJqlcB#NFT #legal #law #crypto

Incentives for the European Crypto Industry

The EU crypto industry has largely supported MiCA,recognizing the high stakes of noncompliance, which could result in penaltiesreaching millions of euros or up to 12.5% of annual turnover. In return,licensed crypto providers receive a "passport" to operate across amarket of 450 million people and gain clarity on regulatory expectations.

Future Directions for Crypto Regulation in Europe

MiCA will take effect on December 30, 2024, with stablecoinprovisions starting six months earlier in June to allow time for industry andregulators to prepare. However, MiCA is not the nal chapter in cryptoregulation.

Other EU laws impacting the crypto sector address moneylaundering, tax avoidance, bank capital, cybersecurity, and distributed ledgertechnology-based securities trading. Future regulations may build upon thecategories established by MiCA. By mid-2025, the European Commission will report on the needfor additional laws to address NFTs and decentralized nance.

Under upcoming MiCA rules some stablecoins will face restrictions as unauthorized stablecoins.Binance won't delist any unauthorized stablecoins on spot but will limit their availability for EEA users only on certain products, such as launchpool and earn, and will propose

In light ofrecent market turmoil, some argue for stricter regulations, suggesting a shift from MiCA's tailoredapproach to one more closely aligned with conventional securities regulations.Time will tell!

View Details

Abra, CEO Barhydt settle with 25 US states over licensing violations

Other states can join in the settlement, which will see up to $82.1 million returned to customers.

View Details

Bitcoin Rejection At $62,498 Signals Bearish Dominance, Here Are Possible Outcomes

Bitcoin recently faced a significant rejection at the $62,498 resistance level, underscoring the prevailing bearish dominance in the market. This failure to break through a critical threshold highlights the strength of selling pressure and raises concerns about potential downward trends.  The rejection at this key level signals caution among traders and investors, prompting a reassessment of market strategies. As bearish momentum persists, this analysis explores the possible outcomes for Bitcoin’s price movement and the broader implications for the cryptocurrency market. As of the time of writing, the market capitalization of Bitcoin is over $1.2 trillion, with a trading volume of over $27 billion. The cryptocurrency price is currently up by 1.2%, trading at roughly $61,582. Despite a 31.26% increase in market capitalization, there has been a 35.43% decrease in trading volume over the last day. Technical Indicators: Signs Of Continued Bearish Pressure BTC price on the 4-hour chart is still actively bearish and trading below the 100-day Simple Moving Average (SMA). Currently, Bitcoin is attempting a downward move after a rejection at $62,498, which is represented by a blue line on the chart. The formation of the 4-hour William Alligator signals that the price of BTC may extend its bearish trend as there is no successful cross of both the alligator lip and tooth above the alligator jaw. On the 1-day chart, it can be observed that Bitcoins price is making a huge drop after being rejected for the second time at the $62,498 level, thereby signaling more bearishness even as it continues to trade below the 100-day SMA. Additionally, the 1-day William alligator also indicates more bearishness for BTC. After a successful cross of the alligator lip and teeth below the alligator jaw, they have been maintaining a good spread from each other. It should be noted that the crypto assets price, from an overall point of view, is actively bearish. Given the formation of the price action and indicators on both the 4-hour and the 1-day chart, it can seen that the bears are currently dominating the market. Potential Scenarios: Whats Next for Bitcoin? An analysis of potential future scenarios for BTCs price movement following the rejection reveals that if Bitcoin continues to move downward and break below the $60,152 support level, it may move lower to test the $58,523 support level and probably move on to test other lower levels if the price breaches this level. However, if there is a rejection at the $60,152 support level, Bitcoin may start moving upward toward the $64,515 resistance level. If this level is breached, the crypto asset may experience more price growth toward the $71,909 resistance level and possibly other levels above. Featured image from iStock, chart from Tradingview.com

View Details

William Miller Spearheads Launch Of Pioneering OkayCoin Staking Protocol

Los Angeles, USA Today, OkayCoin, a frontrunner in cryptocurrency staking solutions, marked a significant milestone with the announcement of the upcoming launch of its proprietary OkayCoin Staking Protocol. Under the visionary leadership of CEO William Miller, the new protocol is set to revolutionize the way users engage with staking, enhancing both the profitability and […]

View Details

Tokenizing money is the greatest innovation after fiat Tether co-founder

Stablecoins like Tether do not offer interest yields right now, but with tokenized fiat, that could be possible one day, co-founder William Quigley said.

View Details

Bitcoin: This Indicator Flashes Green For The First Time Since January 2024

According to the candlestick arrangement in the daily chart, Bitcoin is moving inside a range. BTC is also down roughly 20% from the all-time high at spot rates. Though the series of lower lows posted in the past few trading days is bearish, one analyst is upbeat, expecting an encouraging recovery in the sessions ahead. This Indicator Flashes Green: Time For Bitcoin To Rally? Taking to X, the analyst notes that the 50-day Williams %R oscillator is turning from oversold territory, signaling that the bear run could end. Historically, the indicator has accurately signaled buying opportunities whenever it turns from oversold territory. The Williams %R oscillator is a crucial technical indicator chartists use to assess momentum and identify potential oversold or overbought conditions. When the indicator falls below -80, it suggests the asset being analyzed is oversold, potentially indicating a buying opportunity. Conversely, when it rises above +20, it may mean that the asset is overbought, prompting the trader to adjust their strategy accordingly. Related Reading: Newbie Bitcoin Whales Buying 200,000 BTC Per Week, Data Shows Since the beginning of 2023, the analyst observes that the 50-day Williams %R oscillator mapping Bitcoin prices has dipped into oversold territory on four occasions. Notably, each time the oscillator reversed from this zone, BTC prices rose in tandem.  Now, with the Williams %R oscillator returning from the oversold territory roughly ten days ago, the analyst is optimistic. It returned from the oversold territory in January 2024, preceding the bull run in Q1 2024.  If past performance is anything to go by, BTC is likely ready for a leg up. Considering the extended sideways movement and lower lows since prices peaked in mid-March 2024, this development will be a massive boost for the coin. Does BTC Stand A Chance After Extended Consolidation? The asset has become more dynamic since the approval of spot Bitcoin exchange-traded funds (ETFs). Broader market conditions, such as regulatory changes, macroeconomic trends, and investor sentiment increasingly influence it.  Subsequently, this dynamism can impact the accuracy of technical indicators like the Williams % R oscillator. This tool lags and doesn’t factor in events in real time. Therefore, while the oscillator has been reliable in the past, it may not necessarily accurately predict the future cycle. For this reason, the coming days and weeks will be crucial for Bitcoin. If the price breaks out of its current range upwards, it could lend credence to the bullish interpretation. Related Reading: Brace For Impact: Mt. Gox Set To Inject 142,000 BTC And 143,000 Bitcoin Cash Into The Market- Heres When Currently, BTC is in a narrow range. According to the daily chart, support is at $56,500, and resistance is at $66,000. Feature image from DALLE, chart from TradingView

View Details

XRP Price Shoots For 20% Surge To $2.51 Amid Pullback To Breakout Zone

The XRP price is eyeing a surge of 20% as it looks to reach a major resistance zone at $2.50, providing a bullish outlook for the altcoin. This projection comes amid XRPs pullback to retest the breakout zone, with a confirmation of this breakout likely to lead to new highs.  XRP Price Eyes 20% Surge To $2.51 In a TradingView post, crypto analyst Liam indicated that the XRP price could soon rally to the key resistance level at $2.15803. The analyst highlighted $2.29387 and $2.40995 as the other key resistance levels for the altcoin. Meanwhile, he mentioned that $2.18880 and $2.08373 are the key support zones to keep an eye on.  Related Reading: Crypto Analyst Says XRP Is Dead Sentiment Is A Lie, Reveals The Truth Liam also commented on the current XRP price action and what needs to happen for the altcoin to reach this $2.51 target. He noted that the altcoin recently broke above a key consolidation range but is now pulling back to retest the breakout zone. If the support between $2.18880 and $2.08373 holds, then the altcoin could initiate a strong bullish rally towards the resistance zones, with $2.51803 as the major target.  The crypto analyst advised market participants to closely monitor price action around the retest zone. He claimed that a strong bullish rejection from support could offer a high-probability long opportunity toward the higher targets.  The XRP price currently boasts a bullish outlook, with the broader crypto market witnessing a reversal from recent lows. XRPs fundamentals also support a price. CME Group recently announced plans to launch XRP futures contracts in May, while ProShares Trust XRP ETF could launch soon, which would also provide institutional investors with exposure to the fourth-largest crypto by market cap.  $2.24 Is Also A Major Resistance To Keep An Eye On Crypto analyst CasiTrades suggested that $2.24 is another major resistance level to keep an eye on for the XRP price.  She noted that this level has been a key focus for weeks. XRP recently broke above this level as it surged to $2.27 but faced strong rejection, and is now looking to retest $2.24 as resistance. Related Reading: XRP Vs. Bitcoin: Ripple Drops Bombshell On Which One Is Better CasiTrades asserted that price remains vulnerable to deeper support until it can reclaim and close above $2.24. On the bullish side, the analyst claimed that this is a critical area that needs to be respected to keep bullish momentum intact. Crypto analyst Dark Defender assured that XRP will continue to climb to the top. His accompanying chart showed that the altcoin could reach as high as $8 in this market cycle.  At the time of writing, the XRP price is trading at around $2.28, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

View Details

EU Parliament Adopts AML Laws Regulating Bitcoin Based On Questionable Assumptions

On Wednesday, the European Parliament adopted a new AML package increasing crypto asset service providers reporting requirements for anonymous payments. But it appears that the packages crypto laws are largely based on assumptions, not facts.

View Details

Bitcoin Enters the Conversation within the German Parliament

German Bitcoin Youtuber Roman Reher, and CEO of terahash.energy GmbH Kristian Kläger speak in German Parliament after Joana Cotar, independent MP, puts Bitcoin on the parliament's agenda.

View Details

Tether Appoints New CFO Amid Push for Greater Transparency

Tether Holdings has appointed Simon McWilliams as its new CFO as part of its efforts to enhance transparency and regulatory compliance.

The post Tether Appoints New CFO Amid Push for Greater Transparency appeared first on Kanalcoin.

View Details

Kraken Gains EMI License: What It Means for UK Crypto Traders, Report

Kraken has recently been granted an authorization from the FCA to operate as an Electronic Money Institution (EMI). This license enables Kraken to issue the electronic money which would enable the faster and convenient deposits and withdrawal of funds from the platform to the users in United Kingdom. Kraken’s UK Expansion Plans The new authorization […]

View Details

EU lawmakers push for stricter rules on anonymous crypto transfers

European Union lawmakers have adopted new draft legislation that would impose a 1000 euro ($1,083) cap on anonymous crypto asset transfers in a bid to combat money laundering and terrorist financing. According to a European Parliament statement published on March 28, the limit would apply to a crypto asset transfer in cases when a customer [...]

The post EU lawmakers push for stricter rules on anonymous crypto transfers appeared first on Crypto Breaking News.

View Details

CRYPTO MILESTONE: European Union Approves New Regulatory Scheme for Crypto, Adds Crypto in Fund Transfer Rules

The Markets in Crypto-Assets (MiCA) regulation aims to regulate the issuance and provision of crypto assets & stablecoin services in Europe.

The post CRYPTO MILESTONE: European Union Approves New Regulatory Scheme for Crypto, Adds Crypto in Fund Transfer Rules appeared first on BitPinas.

View Details

Europe Approves New Crypto Rules

The Markets in Crypto-Assets (MiCA) regulation aims to regulate the issuance and provision of crypto assets & stablecoin services in Europe.

The post Europe Approves New Crypto Rules appeared first on BitPinas.

View Details

National Exchanges Reportedly Pause Operations in Venezuela, as Attorney General Confirms Crypto Watchdog Sunacrip Involvement in Oil Sale Schemes

National cryptocurrency exchanges have paused their activities in Venezuela according to reports, as the anti-corruption probe on national crypto watchdog Sunacrip and unlawful oil sales continues in the country. Tarek William Saab, attorney general, confirmed the involvement of the institution in a parallel scheme that involved the sale of Venezuelan oil to third parties, mentioning [...]

The post National Exchanges Reportedly Pause Operations in Venezuela, as Attorney General Confirms Crypto Watchdog Sunacrip Involvement in Oil Sale Schemes appeared first on Crypto Breaking News.

View Details