Even after collecting more than 40% in the months of May and July, the $4,000 level remains elusive for Ethereum. The fact that Altcoin was unable to clear this level indicates that this is a resistance to beat as Ethereum continues its uptrend. It also shows that Altcoin has the power to keep this $4,000 from breaking, and one market expert has a unique interest in keeping the price under $4,000, due to a hedge fund. Ethereum over $4,000 makes sense for options traders At X Post, trader and market analyst Glengoodman has announced another angle against the beatdown, which…
Author: ₿e Proud
Key Takeaways The SEC and Ripple have agreed to withdraw their appeals in the XRP litigation, ending a major phase of their legal battle. The district court’s ruling that XRP sales on public exchanges are not securities transactions remains in effect. Share this article The US Securities and Exchange Commission (SEC) and Ripple Labs have filed to dismiss their respective appeals in the long-running XRP case, a move that will formally close one of the highest-profile crypto enforcement actions in crypto history, the SEC announced Thursday.In an Aug. 7 joint stipulation lodged in the US Court of Appeals for the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Dogecoin’s name is written in golden letters in meme coin lore. After all, it was the first major meme coin that really showed to the world that humor and finance can indeed blend, and blend beautifully, and that an investment opportunity doesn’t need to titillate a Harvard graduate’s intellect to be wildly profitable. Currently trading at $0.2202, $DOGE has climbed a chunky 27% over the past month. With a new altcoin bull run seemingly on the horizon, speculation is rife on whether this dog-themed token could turn…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin took a symbolic step into the US central bank on Thursday as President Donald Trump nominated Dr. Stephen Miran, the White House Council of Economic Advisers chair, to fill a vacant seat on the Federal Reserve Board of Governors through January 31, 2026, pending Senate confirmation. The short-term appointment follows the early resignation of Governor Adriana Kugler and gives the White House an immediate voice at the Board while a longer-run personnel shuffle—most notably the question of who succeeds Chair Jerome Powell when his chairmanship ends…
Robert Keele said this week that he has stepped down as xAI’s head of legal after just over a year, saying he wants to spend more time with his children. In his announcement, Keele also acknowledged “daylight between our worldviews” with boss Elon Musk, who hasn’t commented on Keele’s exit. “I love my two toddlers and I don’t get to see them enough,” Keele wrote, posting the news on both X and LinkedIn. Despite calling his time at the AI startup “incredible” and working with Musk “the adventure of a lifetime,” he said he couldn’t keep “riding two horses at…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure PEPE Coin, like the rest of the crypto market, has seen its price beaten down toward June lows once again after an explosive month of July. This has set the meme coin on another bearish path that could end up in a crash of the $0.00001 resistance. However, with the new week, there have been some positive changes, and indicators are starting to point toward a possible recovery that could send the price doubling. PEPE Enters Consolidation Phase The PEPE price is trending dangerously close to the…
Key Takeaways Stephen Miran, a Bitcoin advocate and current CEA chair, has been nominated by Trump as a temporary Fed governor. Miran supports pro-crypto innovation and is critical of excessive financial regulations. Share this article Stephen Miran, chair of the Council of Economic Advisers (CEA), known for his pro-innovation and Bitcoin views, will temporarily join the Federal Reserve Board after President Donald Trump named him to replace Adriana Kugler, who is set to step down on Friday. “It is my Great Honor to announce that I have chosen Dr. Stephen Miran, current Chairman of the Council of Economic Advisors, to…
As the US Congress continues to work on crypto-related legislation, some industry leaders disagree on which version of the market structure bill will provide the much-needed clarity to the sector. Paradigm Champions Senate’s Crypto Bill On Thursday, several industry players discussed the differences between the US Congress’s versions of one of the landmark crypto bills. Following the passage of the GENIUS Act, the sector is now focused on the key market structure legislation, which is expected to offer the long-awaited clarity and protection for the industry. Notably, the House of Representatives introduced and already passed the Digital Asset Market…
India’s Income Tax Department has intensified its efforts to curb tax evasion in the cryptocurrency sector, sending more than 44,000 notices to traders who failed to disclose their virtual digital asset (VDA) transactions in their income tax returns. Indian Tax Watchdog Ups The Ante In a recent session of the Rajya Sabha (Upper House of the Parliament), India’s Minister of State for Finance, Pankaj Chaudhary, revealed that the Central Board of Direct Taxes (CBDT) had launched enforcement actions against non-compliant crypto users. These include reassessment notices, surveys, and search-and-seizure operations under the Income Tax Act, 1961. To promote voluntary compliance,…
Key Takeaways President Trump issued an executive order prohibiting financial institutions from debanking based on political or religious beliefs and lawful business activities. The order also addresses banking restrictions faced by crypto companies, requiring federal regulators to review and remediate discriminatory policies. Share this article President Donald Trump on Thursday issued an executive order that seeks to prevent financial institutions from cutting off accounts or services based on political, religious biases, or lawful business activities.The order is aimed at ensuring fair access to financial services for all Americans. It focuses on eliminating discriminatory ‘debanking’ practices and enforcing objective, risk-based banking…