Bitcoin (BTC) experienced a drop below $28,000 on Tuesday, just as markets prepared for the upcoming Federal Open Market Committee (FOMC) decision. During the session, BTC/USD slipped to an intraday low of $27,680.79, coming less than 24 hours after trading at a high of $28,626.28. This move nearly collided with its recent price floor at
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John Deaton, the founder of CryptoLaw and a lawyer representing Ripple, has accused the US Securities and Exchange Commission (SEC) of “exploiting legal uncertainty about crypto” to redefine what should be considered a security under the Howey test. Deaton argues that the regulator’s litigation against crypto companies is pushing the boundaries of what constitutes an
Visa has announced its partnership with the Brazilian central bank to explore blockchain technology-powered usage cases for the prototype digital real. The project aims to design the coins with a view to helping local businesses and is set to launch later this year. The financial platform, created in collaboration with Agrotoken, Microsoft, and Sinqia, is
Bitcoin has been experiencing a bullish run since the beginning of 2023, with prices surging from just over $16,600 to above $30,000 in April. Experts such as Charles Edwards, Geoff Kendrick, and Adam Beck predict that Bitcoin could reach a new all-time high of $100,000 this year. The Rise of AiDoge AiDoge ($AI) is a
Artificial Intelligence (AI) is rapidly developing and has created a buzz in the news lately with new technology being introduced. However, with great power comes great challenges. There are legal issues regarding AI content that need to be addressed before it can be effectively used in the crypto sector. The European Union (EU) is drafting
In April, risky assets showed marginal gains with the S&P 500 Index rising around 1.5% and Bitcoin gaining over 4%. While the recovery in these assets may continue into May, there are concerns that the United States banking sector could face further turmoil, which could lead to a correction in the equity markets. JPMorgan Asset
Dogecoin (DOGE) is currently facing critical challenges in the market, with a price of $0.07796 and a 1.10% decrease. The meme coin has been struggling to recover since its rejection from the topside resistance at $0.10 in April, leading to a 21% retracement. The support level at $0.075 is fragile and may not hold for
The Nigeria Securities and Exchange Commission (SEC) has announced that it will allow the tokenization of assets such as equities, property, and debt. The financial regulator is currently processing applications from digital exchanges and firms that will act as sub-brokers for trading tokenized coins backed by assets, fund managers, tokenized coins issuers, and crowd-funding intermediaries.
The Federal Open Market Committee (FOMC) is set to meet this Wednesday, with many economists predicting a 25 basis point (bps) increase in the benchmark interest rate. However, some market observers anticipate multiple rate cuts in the future due to recent banking industry turmoil in the US. While these speculations exist, there are analysts who
Crypto.com has launched a new AI-powered chatbot named Amy, which has been specifically designed to assist users in their quest to learn more about the cryptocurrency industry. Amy is capable of providing users with “near real-time information” on the latest developments in the crypto world, as well as insights into historical events that have shaped