Author: Crypto News Live

The divergence between transaction count and transfer volume in May indicated that retail investors were dominant. The number of coins in self-custody continued to rise steadily. The crypto space was wrecked by one of the biggest implosions ever in May 2022 – the collapse of Terra [LUNA] token, marking the beginning of the bloody bear market. Prices of top digital assets went downhill and were yet to recover from the shock. Are your BTC holdings flashing green? Check the Profit Calculator Typically, situations like this put to the test the resiliency of individual investors who are the first to leave the…

Financial trading platform eToro issued new guidelines barring US customers from buying four crypto assets that were recently deemed securities by the United States Securities and Exchange Commission (SEC) in lawsuits against Coinbase and Binance. While eToro did not explicitly cite the securities regulator’s action as the reason for the latest changes in its crypto offering, it did emphasize the “rapidly evolving regulatory landscape.” In doing so, eToro joins the likes of Robinhood as the industry faces the SEC’s enforcement hammer. eToro’s Latest Update According to the new update, eToro said its US customers will no longer be able to…

The SEC added that until and unless it decides to propose new guidelines, Coinbase must follow current law. It was only last week that the agency charged Coinbase and Binance with securities violations. The U.S. Securities and Exchange Commission (SEC) said it hasn’t made a decision on Coinbase’s rulemaking petition yet. However, its staff members think that it will make a recommendation within 120 days, i.e. four months. The regulator made these remarks while responding to a court order on whether it was taking any action on rulemaking as asked in Coinbase’s petition filed earlier, even as it was suing…

NFT liquidity has taken a dive as marketplaces fight fiercely for a smaller pooler of traders and investors. In response to the trends, some marketplaces are offering incentives to keep traders on their platforms. Will it work? NFT liquidity refers to the ease and availability of buying and selling non-fungible tokens (NFTs) in the market. When NFT liquidity is high, willing buyers and sellers are plentiful, facilitating smooth and active transactions. On the other hand, low liquidity signals a drop in trading activity and a challenge in finding counterparties for trades. NFT Daily Trade Volume Continues to Fall According to…

TL;DRICYMI: The SEC is claiming that the XRP token is a security (think: a stock) and should be regulated as such. Ripple begs to differ.It’s a big deal! Because if the SEC can prove this with XRP, they’ll use the legal precedent to rip through the US crypto industry.A transcript from a speech made by former SEC Director William Hinman in 2018 was just made public, which has affected the public’s perception of the case.Hinman didn’t consider ETH a security, suggesting Ethereum (and, perhaps, tokens like it) should not be regulated by the SEC.As a result, a whole bunch of…

Join Our Telegram channel to stay up to date on breaking news coverage Billionaire investor Mark Cuban recently criticized the United States securities regulator, accusing them of failing to establish a clear registration process for cryptocurrency firms. According to Cuban, the “Framework for ‘Investment Contract’ Analysis of Digital Assets” document by the United States Securities and Exchange Commission (SEC) does not provide any registration guidelines, creating confusion about what qualifies as a security in the crypto industry. Mark Cuban Criticizes US SEC’s Lack of Clarity on Cryptocurrency Registration Process In a tweet posted on June 11, Mark Cuban voiced his…

A brand new artificial intelligence (AI) startup dedicated to rival ChatGPT creator, OpenAI, raised $113 million in seed funding, bringing up its valuation to $260 million within two months of inception.Former AI researchers — previously working for Google DeepMind and Meta — co-founded Mistral AI, in May 2023 to develop open-source generative AI models. Arthur Mensch, the co-founder and CEO of the company said that the first round of funding “will give us the resources and network we need to start rolling out a new model of generative artificial intelligence.”Prior to co-founding Mistral AI, Mensch was a research scientist at…

An analyst who nailed the 2018 bear market bottom for Bitcoin (BTC) believes that the crypto king’s correction is not yet over. Pseudonymous crypto strategist Bluntz tells his 223,000 Twitter followers that he expects Bitcoin to go on a quick bounce before resuming its downtrend. According to the trader, Bitcoin’s bearish chart suggests that more bad news stories could be in store for the crypto space. “Now that price action has unfolded a bit longer, I think sub-$24,000 is probably likely. It definitely feels like some kind of sideways-running triangle forming here on the four-hour (chart) with the underlying trend…

The second-largest meme coin, Shiba Inu (SHIB), has experienced a drop in value amid the recent crypto bearish sentiments and regulatory crackdown in the United States. However, Shiba Inu whales have been increasing their accumulation, hinting at a potential rebound. This article explores the current state of SHIB and its prospects for the future.Shiba Inu Hit by Bearish WavesShiba Inu’s value plummeted by over 16 percent following the onset of the crypto regulatory crackdown in the United States. This drop was exacerbated by a sustained decline in crypto liquidity, causing the 24-hour trading volume of SHIB to fall below $100…

We’ve come a long way since the world’s first NFT was minted in 2014. Since then, projects like CryptoKitties, Rare Pepes, and CryptoPunks have revolutionized the industry — both creatively and financially. NFT sales have skyrocketed in response, and many of the most famous and well-known NFTs have brought in millions of dollars. To record the most notable milestones, we’ve compiled a list of the most expensive NFT art pieces ever sold. But before we begin, it’s important to know that we’re only highlighting the biggest single NFT sales in this article. The list doesn’t include open editions, which are…