Cryptocurrency news
It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase https://elmergernaleartworks.com/. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Cardano.
This Brave integration has brought back fresh hopes in the Cardano community, especially after ADA’s recent dip. As of now, ADA price is currently trading around $0.79, down 4% today. Still, many traders see this as a healthy correction, not a warning sign.
Crypto intelligence tracker DefiLlama data shows that Cardano’s chain DEX trading volume has constantly fallen since early December and currently reads $3.06 million on Tuesday. This fall in volume signaled decreased user activity and liquidity in the ADA blockchain, indicating a bearish outlook.
Recent developments have strengthened Cardano’s market position, particularly its addition to Grayscale’s Digital Large Cap Fund and integration with Brave browser’s wallet system. These partnerships have significantly expanded ADA’s potential user base, with the Brave integration alone connecting Cardano to over 86 million users worldwide.
Cryptocurrency news etrscrypto
“Bitcoin attracted $557 million in inflows, a decrease from the prior week, likely due to continued hawkish signals from the US Federal Reserve. Short-bitcoin products saw a fourth consecutive week of inflows, totaling $5.8 million, reflecting investor positioning amid recent price gains,” read an excerpt in the report.
As Ethereum and other altcoins recorded positive flows, Solana bucked the trend. It posted up to $0.89 million in crypto outflows. This aligns with a recent trend of declining TVL (total value locked), plunging 64%.
Nevertheless, Ethereum saw the highlight of last week’s crypto inflows. According to the CoinShares report, crypto inflows into Ethereum reached $205 million. This was a notable climb from the previous report’s $1.5 million.
“Bitcoin attracted $557 million in inflows, a decrease from the prior week, likely due to continued hawkish signals from the US Federal Reserve. Short-bitcoin products saw a fourth consecutive week of inflows, totaling $5.8 million, reflecting investor positioning amid recent price gains,” read an excerpt in the report.
As Ethereum and other altcoins recorded positive flows, Solana bucked the trend. It posted up to $0.89 million in crypto outflows. This aligns with a recent trend of declining TVL (total value locked), plunging 64%.
Nevertheless, Ethereum saw the highlight of last week’s crypto inflows. According to the CoinShares report, crypto inflows into Ethereum reached $205 million. This was a notable climb from the previous report’s $1.5 million.
Sec cryptocurrency news
In 2022, the SEC increased the size of its Cyber Unit by 66%, from 30 to 50 officials, and renamed it the Crypto Assets and Cyber Unit as it expanded its crypto enforcement efforts. The many cases brought after this expansion suggest the unit has its work cut out for it. Notoriously a crypto-sceptic, Gensler has repeatedly told interviewers since the January 2024 launch of spot bitcoin exchange-traded funds (ETFs) that “the whole field is rife with abuses and fraud.”
Monday’s filing in the U.S. District Court for the District of Columbia said the SEC approached Binance asking for the pause. The regulator said the work of a new crypto task force launched by Acting Chairman Mark Uyeda that’s supposed to improve ties to the crypto industry “may impact and facilitate the potential resolution of this case.”
That rule book will clear up the question at the heart of the lawsuits: Which crypto assets should be classified as securities, the specific type of investment product over which the SEC has jurisdiction, and in what context?
Cryptocurrency news predictions
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Harris hasn’t been particularly outspoken on the topic of cryptocurrency, but the Biden administration has taken a tough stance on crypto and focused on areas such as consumer protection and industry transparency. Crypto industry insiders are hopeful Harris’ younger age and her connections in her technology-friendly home state of California will make Harris more open to supporting digital assets.
“While we approved the listing and trading of certain spot bitcoin shares today, we did not approve or endorse Bitcoin,” SEC Chair Gary Gensler said in a statement back in January.”Investors should remain cautious about the myriad risks associated with Bitcoin and products whose value is tied to crypto.”
“We’re actually having these conversations in real-time—I’m extremely confident in the fact that they will get it pushed through, we’d love to see it on the president’s desk. We’re well on our way to achieving the presidents’ goal. We are moving extremely quickly and effectively.”
Among the 10 largest cryptocurrencies by market capitalization, XRP (XRP) was the best July performer with a 26.9% gain. Toncoin (TON) was the worst performer of the month but remains up 21.5% overall in the past three months.
