Cryptocurrency

Coinbase’s CEO Brian Armstrong previously said that the U.S. Securities and Exchange Commission had requested it to suspend all trading activities except for Bitcoin (BTC) in an interview with the Financial Times.The CEO’s announcement generated widespread discourse across various platforms, triggering crucial conversations about crypto regulation and its impacts on market dynamics. Armstrong expressed his concerns about the SEC’s actions, suggesting that it “could potentially stifle innovation and limit the freedom and growth of the burgeoning crypto industry.”Both the SEC and Coinbase went public later in the day to clarify previous statements.A Coinbase representative clarified to DL News that “prior to litigation, the SEC did not at any point request that Coinbase delist any specific assets,” noting that the FT article was inaccurate, while the SEC spokesperson confirmed that the agency “does not ask companies to delist crypto assets.”“In the course of an investigation, the staff may share its own view as to what conduct may raise questions for the commission under the securities laws,” they added.This article was originally published on Crypto.news More

Being overzealous about any kind of innovation can also contribute to its stalling, or even failure if other factors don’t align. The mentality of assuming new technology is perfect and wondering why everyone hasn’t caught up to its genius is outdated. Not only does it create an adversarial relationship when inevitabilities, such as regulation, arise, but it also diminishes the motivation to improve on new applications to maximize their value.Continue Reading on Coin Telegraph More

On July 31, Ethereum core developer “eric.eth” reported that “today has produced some of the largest MEV reward blocks in Ethereum’s history,” adding it was caused by the exploit of Curve Finance stable pools on July 30.Continue Reading on Coin Telegraph More

Bitcoin Gold went from $13.38 on July 30 to $21.41 today, July 31 — a 60% rise in one day, CoinMarketCap data shows.While the increase in price is notable on its own, the increase in volume has also drawn a lot of attention. The volume went from about one million when the price was about to start increasing on July 30 to $347 million on July 31 — a 34,600% increase.Despite the sharp value increase, Bitcoin Gold’s current price of $19.08 is still a far cry from its all-time high of nearly $500 reached in 2017. The current price is over 95% lower than its record price.Bitcoin Gold has never fully recovered after its fell victim to a successful 51% attack and a double spend. It was largely inactive even before the attack, with the GitHub repository of its official client lying mostly dormant since 2019.Bitcoin Gold client contributions chartThere is no clear reason for the sudden rise in Bitcoin Gold’s price, with the most likely culprit being pure speculation. BTG is currently trading over its resistance at $19.05, and its support is at $13.25 — which provides a possible technical explanation for a trader’s rise in interest in this coin.This article was originally published on Crypto.news More

Speaking at a campaign event in New Hampshire on July 31, DeSantis reiterated his plans of banning central bank digital currencies, or CBDCs, should he win the Republican nomination and presidential race and take office in 2025. The Florida governor added he planned to end U.S. President Joe Biden’s “war on Bitcoin and cryptocurrency” should he win the presidency.Continue Reading on Coin Telegraph More

Losses for July totaled $486 million, more than six times the total from 2022:Continue Reading on Coin Telegraph More

However, this bullish mood did not benefit Bitcoin (BTC) as it largely remained range-bound in July and is on track to end the month with a loss of more than 3%. The biggest question troubling traders is when will Bitcoin’s range break and in which direction.Continue Reading on Coin Telegraph More

While the current market performance may lead investors to believe that a recession has been avoided, there are three metrics that have been able to consistently predict recessions over time. These leading economic indicators are key economic variables that tend to move ahead of changes in overall economic activity, providing an early warning system for changes in the business cycle. Let’s dig into three of these indicators and explain how investors can interpret them.Continue Reading on Coin Telegraph More