It is highly likely that the correction in BNB’s price can be attributed to the lawsuit filed by the U.S. Securities and Exchange Commission against Binance and its CEO, Changpeng “CZ”s Zhao, on June 5, as the decoupling coincides with that event.Continue Reading on Coin Telegraph More
Google Play banned crypto mining apps from its store in 2018 and removed the Bitcoin Blast video game for “deceptive practices” in 2020. Apple’s App Store stated in October that NFTs purchased outside of the App Store cannot offer any special benefits to users in a game, or else the game will be banned. In addition, NFTs sold through Apple’s App Store version of a game must pay a 30% fee to Apple (NASDAQ:AAPL).Continue Reading on Coin Telegraph More
Crypto-native hedge funds are “working towards achieving a new industry dynamic which centres around rebuilding confidence and making their needs heard,” and nearly all of them (93%) expect the market cap to rise over the year, the report found. The majority of them (53%) reported no exposure to FTX or the Terra Luna ecosystem.Continue Reading on Coin Telegraph More
Before this addition, the wallet already offered various functionalities such as buying and selling cryptocurrencies, bridging digital assets across different networks, collecting non-fungible tokens (NFTs), and interacting with blockchain-based websites and applications.The messaging functionality was introduced to address various challenges that users may have faced, including issues such as inadvertent crypto transfers to incorrect addresses, false claims of ownership for .eth usernames, or the presence of fraudulent online profiles on social media platforms.To tackle these concerns and ensure a smooth and secure user experience, Coinbase Wallet has integrated with XMTP, an open protocol and network designed for secure web3 messaging. According to a July 12 blog post, the messaging feature does not operate directly on the blockchain; the messages are transmitted through on-chain addresses. With the new feature, wallet holders can send and receive messages to Ethereum accounts, including those associated with CB.IDs, ENS domains, or Lens profiles.According to Coinbase’s Q1 2023 shareholder letter, the wallet has a global presence, serving users in more than 100 countries, allowing them to conveniently send funds across borders through a single application instead of relying on traditional bank wire transfers that can take days to process.Moreover, introducing the direct messaging feature will facilitate connections among NFT and POAP holders who share ownership of the same asset.This feature could foster new connections that had otherwise been missed. The messaging functionality enables users to communicate directly with NFT owners, providing an opportunity to make offers and strike a deal without intermediaries involved.Following the United States Securities and Exchange Commission’s (SEC) lawsuit against Coinbase last month, Coinbase Wallet gained a target as the company was accused of being an unregistered broker that enables users to conduct trades via third-party platforms, the exchange’s chief legal officer, Paul Grewal, has asserted that Coinbase will continue to operate without significant changes. Even under regulatory scrutiny, Coinbase is still introducing new features. COIN’s stock price has increased by over 50% since the United States Securities and Exchange Commission (SEC) filed a lawsuit alleging that the exchange allowed the trading of unregistered crypto securities.This article was originally published on Crypto.news More
In a June 12 announcement, the CFTC said a judge in the U.S. District Court for the Southern District of Florida issued a default judgment against Todd and Digitex LLC, Digitex Limited, Digitex Software Limited and Blockster Holdings Limited Corporation for failure to register with the CFTC and manipulating the price of the DGTX token. As part of the judgment, the CEO and four companies under his control are banned from “trading in any CFTC-regulated markets” and required to pay $3,912,220 in disgorgement as well as a $11,736,660 civil monetary penalty.Continue Reading on Coin Telegraph More
Martinez tweeted that he has noticed a decrease in stablecoin holdings among crypto investors as they have been converting USDT and USDC for Bitcoin and Ethereum, grabbing those cryptos. This indicates, per the analyst, that there is a higher risk appetite among investors at the moment.As if to confirm that, Glassnode has published a tweet to show that the balance of Bitcoin on centralized crypto exchanges (CEXes) has dropped to a five-year low and now constitutes 2,249,389.489 BTC.At the time of this writing, the leading cryptocurrency Bitcoin is trading at $30,698 after a 0.93% rise within the past 24 hours, according to CoinMarketCap.Still, Martinez believes that watching Ethereum surpass the resistance between the $2,040 and $2,100 levels would be a lot more interesting since, at this price level, one million crypto wallets had bought 27 million ETH. That chart came from IntoTheBlock on-chain data vendor.This article was originally published on U.Today More
The first is a bull flag, which is often spotted in an uptrend, where the price is likely to continue upward.In the case of a bull flag, a resistance break might lead to upside gains roughly the length of the pole. In this case, Kibar highlights the key price barrier to watch out for as he says he is waiting for a breakout confirmation above $31,200.On the other hand, if the support level for the bull flag is broken, the pattern becomes invalidated, and continuation is unlikely. Based on the chart posted by the trader, the $29,500 level was highlighted as critical support.Bitcoin recently resolved a head and shoulders pattern, which appears on a chart as three peaks, with the middle peak being slightly higher than the two sides, forming a head and two shoulders on the left and right.This contributed to its rise past $31,000 in the past week. Per the chart posted by Kibar, Bitcoin is yet to reach the price target of the head and shoulders pattern, which is $34,000.According to , the Bitcoin 14-day price range remains extremely narrow, residing at a value of 4.6%, with only 1.9% of trading hours recording a lower value.With Bitcoin rarely being quiet for such sustained periods, the probability of a volatile move in either direction is enhanced, Glassnode further stated.At the time of writing, Bitcoin was just up 1.02% in the last 24 hours to $30,697.This article was originally published on U.Today More
Chatbots, a potent tool for virtual support, allow for effective and automated user interactions. This article will explain how chatbots may revolutionize organizations’ interactions with their customers and streamline internal operations by providing virtual support.Continue Reading on Coin Telegraph More
