BTC/USD
COINGAPE | Published on 2023-03-28 | 3 hours ago
1
COINGAPE | Published on 2023-03-28 | 3 hours ago

Crypto News: The Commodities Futures Trading Commission (CFTC) lawsuit against crypto exchange Binance changed the narrative in the market, but it remains to be seen if the move still has enough legs to affect a major downtrend in cryptocurrency prices. Although the news of the lawsuit led to significant drop in Bitcoin price, it continues to hold resistance above the $26,600 level. Meanwhile, the crypto community is debating about the impact of CFTC action, which was in complete contrast to how the U. S. Securities and Exchange Commission (SEC) viewed major cryptocurrencies. Also Read: XRP Lawyer: After CFTC, SEC Could Sue Binance Over Securities Offerings The Binance lawsuit came just under a week after the SEC issued a Wells Notice to Coinbase, in what is turning out to be a spree of enforcement actions against crypto businesses. The notice was about concerns surrounding the listed digital assets, their staking services, and other things. Binance CFTC Lawsuit FUD Over? Despite the FUD around Binance lawsuit, the Bitcoin price managed to hold above the strong support level of $26,600. Crypto trader Crypto Tony warned about this crucial level after the Binance news was out. Meanwhile, Alex Kruger, another trader, said CFTC’s enforcement actions traditionally did not have any major impact on the crypto market. “CFTC actions historically have no bite. Binance news brought some welcome short term volatility but is unlikely to start a trend.” Although the Bitcoin price dropped by 0.60% over the last 24 hours, the global crypto market cap increased by 0.32% in the same period. Also Read: Ethereum’s Next Big Upgrade “Shapella” Coming This April; ETH Price Poised To Rally? The post Binance CFTC Lawsuit Has Enough To Affect Major Crypto Downtrend? appeared first on CoinGape.
Read full article on COINGAPE

There are no comments yet.
Authentication required

You must log in to post a comment.

Log in
INVESTING.COM | Published on 2023-03-28 | 4 hours ago
2
INVESTING.COM | Published on 2023-03-28 | 4 hours ago
There are no comments yet.
Authentication required

You must log in to post a comment.

Log in
BITCOIN.COM | Published on 2023-03-28 | 5 hours ago
3

Xrp rose to a fresh five-month high on Tuesday, as prices climbed for a fourth straight session. The token moved to its highest point since November, which comes despite a red wave sweeping over cryptocurrency markets. The global market cap is down 2.35% as of writing. XRP XRP, formerly ripple, rose for a fourth consecutive session on Monday, as prices hit their highest point in five months. XRP/USD surged to an intraday high at $0.5029, less than 24 hours after falling to a low of $0.4573. As a result of the move, XRP hit its strongest point since November 6, breaking out of a ceiling at $0.4950 in the process. Looking at the chart, the 14-day relative strength index (RSI) moved to a one-week high, with a current reading of 68.87. This is marginally below resistance at 69.00, and close to a recent seven-month high at 74.00. Earlier gains in XRP have already begun to ease, with bulls seemingly securing gains around this ceiling. Monero (XMR) During today’s red wave, monero (XMR) was a notable token to fall, as prices moved to a five-day low. Following a high of $163.98 to start the week, XMR/USD slipped to a bottom at $149.85 earlier in today’s session. The drop sees monero fall by as much as 7%, edging closer to a long-term support point at $146.00 in the process. Whilst price has yet to reach this floor, the RSI collided with a support point of its own at the 49.00 mark. Bulls have since pushed the index higher, with price strength now tracking at 50.08, which comes as XMR moved away from earlier lows. Currently, monero is tracking at $154.03, with a move towards a ceiling at $156.00 a strong possibility. Register your email here to get weekly price analysis updates sent to your inbox: Do you expect monero to move higher in upcoming days? Let us know your thoughts in the comments.
Read full article on BITCOIN.COM

There are no comments yet.
Authentication required

You must log in to post a comment.

Log in
COINGAPE | Published on 2023-03-28 | 6 hours ago
4
COINGAPE | Published on 2023-03-28 | 6 hours ago

Crypto News: The Commodity Futures Trading Commission’s (CFTC) lawsuit on crypto exchange Binance made waves in the market. But the CFTC’s views on crypto classification is becoming a much bigger debate as US regulators continue enforcement actions on crypto businesses. Meanwhile, the crypto market is perceiving this as a fight between the two regulatory agencies, the CFTC and the U.S. Securities and Exchange Commission’s (SEC). The Bitcoin price saw some drop in reaction to the Binance CFTC lawsuit on Tuesday. Also Read: FTX Founder SBF Charged For Bribing $40 Million To Chinese Officials; Here’s Why XRP Lawyer Thinks SEC Might Eventually Prevail XRP lawyer John Deaton thinks major cryptocurrencies like Ethereum could be classified as securities as they could be framed as investment contracts. He said so when asked if CFTC’s position of major cryptocurrencies being commodities could act as precedent if the agency acts first. Deaton stated the example of Ethereum saying any asset can be packaged as an investment contract and the SEC could thus come in with a lawsuit against Binance saying Ethereum is a security. “CFTC can call ETH a commodity in its suit Vs Binance and we will probably see the SEC file a case Vs Binance claiming its using ETH as a security regarding any staking/yield associated w/ETH. Any asset can be packaged and offered/sold as an investment contract. Also Read: Second Largest Crypto Exchange Announces Hong Kong Expansion Reacting to the CFTC lawsuit news, Binance CEO Changpeng Zhao (CZ) reminded the community to ignore the FUD surrounding the regulatory action. In a latest, CZ shared his response to the US senators inquiry, in an effort to be transparent in regulatory dialogue. The post XRP Lawyer: After CFTC, SEC Could Sue Binance Over Securities Offerings appeared first on CoinGape.
Read full article on COINGAPE

There are no comments yet.
Authentication required

You must log in to post a comment.

Log in
COINGAPE | Published on 2023-03-28 | 8 hours ago
5

On Tuesday, U.S. prosecutors released a new indictment against Sam Bankman-Fried, who is the founder of the now-bankrupt FTX cryptocurrency exchange. The charges against him include conspiring to violate anti-bribery provisions of the Foreign Corrupt Practices Act. This law prohibits American businesses and individuals from offering or giving bribes to foreign officials to obtain or retain business. SBF Charged In Bribery Conspiracy Bankman-Fried has been accused by federal prosecutors in Manhattan of directing the transfer of cryptocurrency worth a minimum of $40 million to Chinese government officials for their personal benefit. The United States government alleges that the 31-year-old crypto mogul orchestrated the transaction with the purpose of unfreezing Alameda Research’s trading accounts, which held over $1 billion worth of cryptocurrency — that had been frozen by Chinese authorities. Read More: XRP Gains While Top Cryptos Bleed; Ripple Lawsuit Ruling Coming In? In a legal proceeding, prosecutors requested that U.S. District Judge Lewis Kaplan schedule a court hearing for Bankman-Fried to be arraigned on a new 13-count indictment. Bankman-Fried had previously pleaded not guilty to eight counts related to the bankruptcy of FTX. The charges accuse him of stealing billions of dollars in customer funds to cover losses at his crypto-focused hedge fund, Alameda Research. This is a developing story and is being frequently updated.   The post Breaking: FTX Founder SBF Charged For Bribing $40 Million To Chinese Officials; Here’s Why appeared first on CoinGape.
Read full article on COINGAPE

There are no comments yet.
Authentication required

You must log in to post a comment.

Log in
INVESTING.COM | Published on 2023-03-28 | 9 hours ago
6
INVESTING.COM | Published on 2023-03-28 | 9 hours ago
There are no comments yet.
Authentication required

You must log in to post a comment.

Log in
COINGAPE | Published on 2023-03-28 | 10 hours ago
7
COINGAPE | Published on 2023-03-28 | 10 hours ago

XRP News: Ripple’s native token, is trading under uncertainty of being landing under the category set by the U.S. Securities and Exchange Commission (SEC) of ‘Securities’. However, data depicts that the XRP price is decoupling from the ongoing market sentiments. XRP Beats Bitcoin, Ethereum XRP emerged as one of the top gainers in the bleeding crypto market over the past 24 hours. XRP price is up by over 7% while the biggest of the cryptos like Bitcoin (BTC) and Ethereum prices declined by 4% and 2.7%, respectively. Ripple’s native token has managed to surge by 43% on the Year to Date (YTD) while facing legal troubles from the US SEC. XRP is trading at an average price of $0.487, at the press time. However, its 24-hour trading volume spiked by 150% to stand at $3.1 billion. As per the data provided by WhaleAlert, around 200 million XRP tokens (approx worth $97 million) were moved by several crypto whales over the past 24 hours. However, the biggest transaction recorded by the tracker has been of moving 150 million XRP (approx worth $73.3 million). Read More XRP News Here… Also Read: Binance CEO CZ Replies To US Senators Inquiry, Shares Response A crypto whale went on to accumulate 22.1 million XRP (approx worth $10.55 million) from the Bitso crypto exchange. The post XRP Gains While Top Cryptos Bleed; Ripple Lawsuit Ruling Coming In? appeared first on CoinGape.
Read full article on COINGAPE

There are no comments yet.
Authentication required

You must log in to post a comment.

Log in
THE CRYPTONOMIST | Published on 2023-03-28 | 11 hours ago
8
THE CRYPTONOMIST | Published on 2023-03-28 | 11 hours ago

SPONSORED POST* As we emerge from last year’s extended bear market, crypto owners are starting to consider fresh investment approaches. In the current climate, the most popular strategy by far is arbitrage, due to its effortlessness, its exceptionally low risk and potentially huge returns. The ABC of Crypto Arbitrage So, what’s the general idea? Crypto arbitrage is an investment strategy that profits from brief windows in which a digital currency is available across exchanges at different prices simultaneously. What causes these price differences? Temporary price differences can have a variety of causes, such as disparities in trading volume and liquidity between bigger exchanges and smaller ones. How do crypto owners make money from arbitrage? In essence, arbitrage involves buying a product for the cheapest available price in one marketplace and then selling it for a higher price elsewhere. This can be done manually, but in the case of crypto arbitrage your best bet is a bot. An algorithm integrated with multiple exchanges, will simultaneously track hundreds of cryptocurrencies, 24/7, looking for price differences. When it finds a disparity, it will buy the coin on the exchanges where the price is lowest and then, within a split-second,  sell it on the exchange where the price is highest to make a profit. These bots are able to work top speed executing a huge volume of arbitrage trades at once, on your behalf, to optimize your revenue potential. Arbitrage vs. Other Strategies When compared with other types of trading strategies crypto arbitrage is considered exceptionally low risk, primarily because you are not opening positions on exchanges, as you would if, for example,  you were swing trading. Whichever direction prices are moving, you can still make money from price disparities. Also, in contrast to simply HODLing, with arbitrage, in a downturn, you needn’t wait for the market to recover but can earn a profit from day one, potentially reaching well over 100% a year.   The upside of arbitrage Risk is minimal since a sudden market shift can’t wipe out your profits, making arbitrage a great hedge against falling prices. Profits are reliable and consistent, occurring just as frequently in a bear or bull market. Automated arbitrage requires no financial knowledge or effort, since you needn’t spend time analyzing the market, then formulating, or implementing strategies. Profitability and Security High profits and airtight security are by far the most important factors when picking a service provider and in both these areas, one crypto arbitrage platform stands out from the crowd. ArbiSmart , launched in 2019, is a leading financial services hub, operating with full EU authorization that has a stellar reputation as a trusted, transparent custodian of crypto capital. ArbiSmart supports 30 different FIAT and cryptocurrencies, from Euro and USD to Bitcoin and Dogecoin, and has a vast selection of arbitrage investment plans, where funds are locked and used to trade crypto arbitrage on your behalf. The plan contracts can be for brief periods of just one month or 3 months, or for longer periods of 18 months, 2, 3, or 5 years, with a higher profit percentage, the longer the time frame for the plan. ArbiSmart generates the highest profits of any legitimate competitor in the arbitrage space, of up to 147% a year, regardless of market conditions. The precise amount you earn will depend on your account level, which is based on how much RBIS, the native token you hold. So, more RBIS means a higher arbitrage profit on investment plan balances USD, XRP, ETH or any other supported currency. You can choose to open a balance in RBIS for an even higher APY. For those who want low risk, low effort investing for a sky-high, reliable return in 2023, arbitrage is the ultimate investing strategy. Want to start earning, beginning today? Open an arbitrage investment plan now! *This article has been paid for. The Cryptonomist did not write the article or test the platform.  
Read full article on THE CRYPTONOMIST

There are no comments yet.
Authentication required

You must log in to post a comment.

Log in
COINGAPE | Published on 2023-03-28 | 14 hours ago
9
COINGAPE | Published on 2023-03-28 | 14 hours ago

Binance listing a large number of cryptocurrencies with TrueUSD (TUSD) trading pairs and extending support to the stablecoin reportedly related to Tron founder Justin Sun raises questions. Binance on Tuesday said it is adding more TUSD trading pairs amid efforts to replace Binance USD (BUSD). According to an official announcement on March 28, Binance adding more crypto with TUSD trading pairs including XRP, Lido DAO (LDO), Polygon (MATIC), Optimism (OP), Solana (SOL), and SSV. Users can start trading for the LDO/TUSD, MATIC/TUSD, OP/TUSD, SOL/TUSD, SSV/TUSD, and XRP/TUSD trading pairs from March 29 at 08:00 UTC. Also, the new TUSD trading pairs will have zero fees. Binance TUSD Red Flag Risk Amid Lawsuit by US CFTC Multiple reports claimed that TUSD stablecoin is related to Tron founder Justin Sun. The crypto community is concerned over Binance’s extensive support to TrueUSD despite the stablecoin having just a $2 billion market cap. The market cap went from $1.3 billion to 2.08 billion between March 12-13 amid the closure of crypto-friendly Signature Bank. Justin Sun and Binance minted a significant amount of TUSD. Moreover, the US CFTC on Monday filed a lawsuit against Binance and its CEO Changpeng “CZ” Zhao, alleging crypto trading and derivates regulations violation. However, Binance CEO has refused allegations, calling the CFTC suit “an incomplete recitation of facts.” Binance even converted BUSD holdings in the Secure Asset Fund for Users (SAFU) fund for TUSD and USDT after the U.S. regulators ordered Paxos to stop minting BUSD. On March 15, Binance made major changes to its zero-fee Bitcoin trading program and BUSD zero-maker fee promotion, with BTC/TUSD as the only zero-fee spot trading pair starting from March 22. CoinGape earlier reported an overall decline in daily trading volume on Binance after it ended zero-fee trading on all pairs, except TUSD. Bitcoin trading volume for the BTC-USDT pair fell 90% and trading volume from TUSD is relatively low. Also Read: Why the CFTC Case Is Much More Than Just A Passing FUD for Binance? The post Binance Listing Multiple Crypto With TUSD Reportedly Linked To Justin Sun appeared first on CoinGape.
Read full article on COINGAPE

There are no comments yet.
Authentication required

You must log in to post a comment.

Log in
COINGAPE | Published on 2023-03-28 | 14 hours ago
10
COINGAPE | Published on 2023-03-28 | 14 hours ago

Crypto News: The Commodity Futures Trading Commission (CFTC) launched enforcement against Binance, the world’s biggest crypto exchange, and its CEO, Changpeng Zhao (CZ) left the market tumbling. As the U.S. financial regulators’ scrutiny against crypto firms is on a surge experts hint that the industry might shift to different nations for lighter regulations. Susan Friedman, Head of Public Policy at Ripple Labs targeting the Binance case stated that other jurisdictions constructed the entire framework in order to regulate crypto over the past 4 years. However, the CFTC is still struggling. While the rest of the regulators are still not able to answer the same pending questions asked by the industry. She mentioned that amid this situation it is not a question of if industry leaves the US but how fast. Ripple Labs, Chris Larsen, the company’s co-founder, and Brad Garlinghouse, the current CEO are already involved in a legal battle with the U.S. Securities and Exchange Commission (SEC). However, both parties are waiting for a much anticipated Summary Judgement in the XRP lawsuit. Read More Crypto News Here… Stuart Alderoty, Chief Legal Officer of Ripple questions the SEC’s “just come in and register” claims in the recently launched cases. He added that the commission’s jurisdiction overreach needs to be stopped now. The post US Crypto Firms To Migrate Fast After Binance Case, Claims Ripple Policy Head appeared first on CoinGape.
Read full article on COINGAPE

There are no comments yet.
Authentication required

You must log in to post a comment.

Log in