Crypto

The post Brazil To Summon Foreign Crypto Exchanges For Information appeared first on Coinpedia Fintech News In the latest development, Brazil’s tax authority is planning to explore foreign crypto exchanges to find out their way of operating in the country and whether its citizens are complying with the country’s new tax laws or not. As per a report from Reuters, the Federal Revenue of Brazil is expected to publish an ordinance summoning these firms for further information. The officials also…

The post Crypto Market Surge As Ethereum (ETH) Delcared As Commodity By SEC, Ends Investigation! appeared first on Coinpedia Fintech News Despite the market leader, the BTC price recorded a correction of 0.51% within the past day, the Ethereum token has surged 3.26% in valuation following the conclusion of the ongoing investigation by the SEC. Furthermore, top Ethereum-based tokens have displayed a similar trend by adding significant valuation in their respective portfolio. Notably, at the time of writing, the price…

The post Stand With Crypto To Endorse 18 Additional House And Senate Candidates! appeared first on Coinpedia Fintech News Stand with Crypto, a crypto and blockchain-focused political action committee (PAC) has recently decided to endorse 18 new House and Senate candidates from both the party to get crypto-friendly allies and to achieve a positive result during the upcoming election which is scheduled during the last leg of this year. Further, it has recently quoted that these endorsed candidates have demonstrated…

Long-term SEC official David Hirsch has announced his departure from the markets regulator. Known for his high-profile cases, Hirsch’s departure might stir relief that will fuel BTC and XRP’s growth. David Hirsch, who headed the United States Securities and Exchange Commission’s (SEC) Crypto Asset and Cyber Unit within the Division of Enforcement, has resigned after nearly nine years of service. According to his post on LinkedIn, his departure marks a significant change within the regulatory agency. Hirsch played a crucial…

Top Crypto whales who massively profited from their $60 million sale of Bitcoin (BTC) at its $69,000 price top in the 2021 bull cycle have returned with their large profits, making notable investments and touting popular Ethereum token ETFSwap (ETFS), to be the next big thing in the industry. Ethereum Token ETFSwap (ETFS) Is The Next Big Altcoin Gem ETFSwap (ETFS), a decentralized platform and viral Ethereum token, is making the rounds and headlines of the industry as top crypto…

Renowned altcoin trader Bluntz, despite his medium-term bearish outlook on WIF, anticipates a substantial short-term rally. He highlights multiple bullish indicators and expects an ABC upward correction, predicting a 50% bounce to around $3-$3.4 before WIF resumes its downtrend. A trader renowned for making timely altcoin predictions believes one memecoin is set for a significant surge. Pseudonymous analyst Bluntz, sharing insights with his 261,500 followers on social media platform X, stated that despite being medium-term bearish on meme token Dogwifhat…

The post Top Analysts Predict Final Crypto Capitulation Before Major Recovery, Comparing 2024 to 2016 appeared first on Coinpedia Fintech News The cryptocurrency market cap continued to shrink, with a drop of around 2.2 percent in the past 24 hours to hover about $2.45 trillion on Tuesday during the New York session. The ongoing cryptocurrency correction, which has triggered heavy crypto liquidation of nearly half a billion dollars, was triggered by the Bitcoin (BTC) price drop below $65k again in…

The post Top Crypto Tokens Stumble As Cryptocurrency Market Hints A Bearish Price Action This Week! appeared first on Coinpedia Fintech News The crypto market has lost 2.47% in valuation from $2.39 Trillion to $2.33 Trillion within 24 hours and has erased $100 Billion from its portfolio this week. Furthermore, Bitcoin has displayed a similar trend by losing 0.98% with a 24-hour low of $64,597.25. On the other hand, Ethereum has plunged below the $3.4K mark, with a correction of…

Crypto funds witnessed outflows last week after recording five weeks of consecutive inflows. According to CoinShares data, digital asset funds saw $600 million in net outflows for the week ending June 14. The outflows were concentrated in Bitcoin and Solana funds, which saw $621 million and $0.2 million exits, respectively. These outflows come amidst a corresponding drop in the price of Bitcoin throughout the week and a more hawkish-than-expected Federal Open Market Committee (FOMC) meeting held during the week. Crypto…