Author: Yeek.io

The U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against Coinbase Global Inc., marking a significant progress in the ongoing debate over cryptocurrency regulation.The lawsuit, originally filed in 2023, accused Coinbase of operating as an unregistered securities exchange. Coinbase has consistently denied these allegations, asserting that its business practices adhere to existing legal standards.The case has been dismissed pending final approval, expected next week. Source: CoinbaseWhat was the lawsuit all about?The SEC filed its lawsuit against Coinbase in 2023, alleging that the exchange facilitated the trading of unregistered securities.The agency argued that Coinbase should have registered…

  An analyst stressed that HYPE could fall to $13 as it breached a symmetrical price action pattern. Intraday traders are over-leveraged at $21.17 on the lower side and $22.79 on the upper side. With a notable price drop in the past 24 hours, Hyperliquid [HYPE] tops the loser list and has now reached a crucial level. This decline in HYPE appears to have shifted overall market sentiment to the bearish side due to the formation of bearish price action. HYPE’s technical analysis and price action  According to AMBCrypto’s technical analysis, HYPE has recently broken down from a symmetrical price action…

Legal expert Jeremy Hogan has predicted that the Ripple vs. SEC saga could end in the first half of this year. This came as the analyst commented on the Commission’s agreement to end its lawsuit against Coinbase and how this could also impact the Ripple case.  Legal Expert Reveals Timeline For Potential Ripple Vs. SEC Settlement In an X post, Hogan predicted a settlement in the Ripple vs. SEC could happen sometime in April or May. However, the legal expert admitted that an earlier resolution could definitely be in play following the Commission’s agreement to drop its two-year legal battle…

HK Asia Holdings Limited, a top investment firm in Hong Kong, is the latest to join the Bitcoin buying spree among institutions and companies. The firm purchased around 7.88 $BTC on February 20, bringing its total Bitcoin holdings to 8.88 $BTC. Put together, HK Asia had to shell out around $97,021 per $BTC, or $862K in total. It’s worth noting that this is the second time the firm has purchased Bitcoin this month. It bought 1 $BTC on February 16, which immediately skyrocketed its share price. It rose by nearly 100% in just one day. From $2.85 at February 14’s…

Ethereum price remains in a bear market, and three risky chart patterns suggest that it may experience a 20% crash soon. Ethereum (ETH), the second-biggest coin in crypto, retreated to $2,670 on Monday, down by over 35% from its highest level in December. Its performance happened as it faced substantial competition in the blockchain industry. Most of this competition is coming from popular layer-1 networks like Berachain (BERA), Solana (SOL), and BNB Smart Chain (BNB).  Ethereum is also losing market share to layer-2 blockchains like Base and Arbitrum, that have become popular because of their lower costs. For example, DEX…

Homepage > News > Finance > Nigeria amends laws to tax digital assets Nigeria plans to amend its taxation laws to target digital assets as the sector continues to grow despite a massive crackdown in 2024. The Securities and Exchange Commission (SEC) is leading the push to tax digital asset transactions and expects lawmakers to pass the new laws by the end of March. A proposed bill that sits in parliament “will ensure that all eligible transactions on regulated exchanges are brought into the formal tax net,” the agency told Bloomberg. Nigeria implemented a new licensing framework for digital asset…

Solana price is about to form a death cross pattern, pointing to more downside as its decentralized exchange volume, active users, and revenue crash. Solana (SOL) token has dived to $159, its lowest level since Nov. 6, and 46% from its highest level in February. This crash has happened as the ecosystem faces major challenges amid the meme coin price weakness. The total market cap of all SOL meme coins has moved from $25 billion in January to $9.8 billion. Most highly popular tokens like Dogwifhat, Official Trump, and Pudgy Penguins have shed billions in value. This trend has affected…

Oxinfin hacker buys 17,696 ETH worth $49.5 million.  Ethereum investors remain optimistic despite a 3.49% decline over the past day. Over the past week, Ethereum [ETH] has been in the middle of scandals. Following the hack of Bybit days ago, investors’ concerns were shortly addressed, with the ETH supply on the exchange becoming stable again. However, there has been another hack. Hacker buys 17,696 ETH worth $49.5 million In the past day, another concern has faced Ethereum. This follows a new account that was created, and 49.5 million DAI spent on buying 17,696 ETH tokens. At first, Lookonchain reported this…

Este artículo también está disponible en español. In a new research report shared on X, Joe Consorti, Head of Growth at Theya, has dispelled ongoing rumors alleging that the Bitcoin price is being artificially held down. Consorti lays out a comprehensive examination of on-chain data, pointing to the normal cyclical behavior of long-term holders (LTHs) and their profit-taking patterns as key drivers of bitcoin’s current trading dynamic. Is The Bitcoin Price Currently Manipulated? One of the core arguments Consorti addresses is the suspicion that “the boring period of consolidation” might be engineered through hidden market forces. In his words: “Claims…

Hackers, allegedly linked to North Korea’s Lazarus Group, exploited a weakness in Bybit’s multisig cold wallet system. They drained 401,346 ETH, worth about $1.13 billion, from the platform’s hot wallet. The breach caused Bybit’s total reserves to drop by $5.2 billion, raising concerns about its financial stability.Bybit moved quickly to secure emergency funding. On-chain data showed that deposits and withdrawals returned to normal soon after the attack. Now, Zhou has confirmed that Bybit’s ETH holdings are fully backed at a 1:1 ratio with client assets.The exchange plans to release an audited Proof-of-Reserves (POR) report soon. The report, using a Merkle…