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Coinbase CEO Brian Armstrong stated that the SEC's attitude towards the cryptocurrency industry changed last year. Lawsuits filed against Coinbase and Binance have been a topic of discussion in the industry.
Armstrong addressed questions regarding the lawsuit and expressed that they have not observed any risks concerning customers and banking partners. He mentioned that the SEC classified 13 assets as securities. Armstrong also confirmed that stake services will continue and that things will return to normal after the court cases conclude.
#BTC #BNB #UBXS #crypto
Armstrong addressed questions regarding the lawsuit and expressed that they have not observed any risks concerning customers and banking partners. He mentioned that the SEC classified 13 assets as securities. Armstrong also confirmed that stake services will continue and that things will return to normal after the court cases conclude.
#BTC #BNB #UBXS #crypto
Has the Bad Days Ended for Bitcoin (BTC)? What's Next?
Bitcoin (BTC), which has gained more than 5% in the last three days, is gradually recovering.
In the upcoming period, if Bitcoin manages to close above its major upward trend for three consecutive days, it may target the $31,000 level.
In the coming days, if no negative news such as SEC lawsuits emerge again, BTC could surpass the $31,000 resistance and potentially appreciate up to $38,000.
Please note that cryptocurrency markets can be highly volatile, and predictions about future price movements are speculative and uncertain. It's essential to do thorough research and consider multiple factors before making any investment decisions.
#BTC #BNB #UBXS #crypto2023
Bitcoin (BTC), which has gained more than 5% in the last three days, is gradually recovering.
In the upcoming period, if Bitcoin manages to close above its major upward trend for three consecutive days, it may target the $31,000 level.
In the coming days, if no negative news such as SEC lawsuits emerge again, BTC could surpass the $31,000 resistance and potentially appreciate up to $38,000.
Please note that cryptocurrency markets can be highly volatile, and predictions about future price movements are speculative and uncertain. It's essential to do thorough research and consider multiple factors before making any investment decisions.
#BTC #BNB #UBXS #crypto2023
New Post from CZ on SEC Settlement
Amidst the ongoing tension between SEC and Binance, CZ has shared a new social media post regarding the matter.
As developments regarding the settlement between Binance US and SEC emerge, Binance CEO Changpeng Zhao continues to make social media posts about the issue. CZ posted a new tweet regarding the ongoing negotiations between the exchange and the regulatory body, emphasizing that user funds on Binance are secure and will continue to be so.
CZ's Assessment of the Settlement!
Following the settlement between Binance US and the SEC, Binance's CEO CZ expressed his views on Twitter:
"While we disagree with the SEC's emergency relief request entirely, we are pleased to resolve the dispute on mutually acceptable terms. User funds have always been and will continue to be safe and secure on all platforms under Binance."
CZ highlighted that there is no trust issue with Binance and that there won't be any, continuing to instill confidence in investors.
#BTC #BNB #UBXS #crypto2023
As developments regarding the settlement between Binance US and SEC emerge, Binance CEO Changpeng Zhao continues to make social media posts about the issue. CZ posted a new tweet regarding the ongoing negotiations between the exchange and the regulatory body, emphasizing that user funds on Binance are secure and will continue to be so.
CZ's Assessment of the Settlement!
Following the settlement between Binance US and the SEC, Binance's CEO CZ expressed his views on Twitter:
"While we disagree with the SEC's emergency relief request entirely, we are pleased to resolve the dispute on mutually acceptable terms. User funds have always been and will continue to be safe and secure on all platforms under Binance."
CZ highlighted that there is no trust issue with Binance and that there won't be any, continuing to instill confidence in investors.
#BTC #BNB #UBXS #crypto2023
What's happening with Ethereum?
Ethereum (ETH) touched $1,770 and pulled back, can it pave the way for altcoin gains?
ETH made a rising trend structure from the $1,620 level and managed to reach $1,770. However, a slight pullback in BTC and selling pressure on ETH brought the price down to $1,736. To sustain the continued rise in altcoins, critical levels to watch in ETH are $1,777, $1,844, $1,915, and $2,020.
In the event of a negative turn in fundamental analysis, key levels where buyers may come into play for ETH are $1,620, $1,588, and $1,532. If the price movement at $1,532 fails to generate upward momentum, the selling wave for altcoins could intensify.
Please note that cryptocurrency markets are highly volatile, and price predictions carry uncertainties.
#BTC #ETH #Ethereum #UBXS
Ethereum (ETH) touched $1,770 and pulled back, can it pave the way for altcoin gains?
ETH made a rising trend structure from the $1,620 level and managed to reach $1,770. However, a slight pullback in BTC and selling pressure on ETH brought the price down to $1,736. To sustain the continued rise in altcoins, critical levels to watch in ETH are $1,777, $1,844, $1,915, and $2,020.
In the event of a negative turn in fundamental analysis, key levels where buyers may come into play for ETH are $1,620, $1,588, and $1,532. If the price movement at $1,532 fails to generate upward momentum, the selling wave for altcoins could intensify.
Please note that cryptocurrency markets are highly volatile, and price predictions carry uncertainties.
#BTC #ETH #Ethereum #UBXS
In 2018, CZ said: "Amid the chaos, Binance has stayed true to its core values. We've worked hard to increase the freedom of money around the world without sacrificing security and ease of use. We've worked hard to protect our users and our community. We're focused on two of the best we know: BUIDL and adoption" said.
We cannot avoid market volatility. But by working to create a better world powered by blockchain, we can't let that control us.
Take your job seriously. Take life seriously. But don't take yourself too seriously. Make the most of your simulation.
#BNB #BTC #UBXS #crypto
We cannot avoid market volatility. But by working to create a better world powered by blockchain, we can't let that control us.
Take your job seriously. Take life seriously. But don't take yourself too seriously. Make the most of your simulation.
#BNB #BTC #UBXS #crypto
Bold Prediction for Bitcoin from StanChart
Standard Chartered has expressed that the decline in cryptocurrencies has come to an end, and it predicts that Bitcoin could reach the $100,000 level by the end of 2024.
With the topic of Bitcoin halving creating a positive atmosphere for medium-term predictions, ambitious forecasts are starting to emerge.
Standard Chartered stated that the "crypto winter" has come to an end and mentioned that Bitcoin could reach $100,000 by the end of 2024.
Geoff Kendrick, the Head of Digital Asset Research at Standard Chartered, noted that Bitcoin could benefit from several factors such as the recent turmoil in the banking sector, the stabilization of risk assets as the Fed concludes its interest rate hike cycle, and the increasing profitability of crypto mining.
Kendrick stated, "While there are ongoing factors causing uncertainty, we believe that the path to $100,000 has become clearer."
Bitcoin has risen by 66.4% so far this year and surpassed $30,000 for the first time in 10 months in April.
These gains have partially recovered the losses from the cryptocurrency sector in 2022 when trillions of dollars were wiped out due to central banks raising interest rates and the collapse of several crypto firms.
#btc #UBXS #BNB #ETH
With the topic of Bitcoin halving creating a positive atmosphere for medium-term predictions, ambitious forecasts are starting to emerge.
Standard Chartered stated that the "crypto winter" has come to an end and mentioned that Bitcoin could reach $100,000 by the end of 2024.
Geoff Kendrick, the Head of Digital Asset Research at Standard Chartered, noted that Bitcoin could benefit from several factors such as the recent turmoil in the banking sector, the stabilization of risk assets as the Fed concludes its interest rate hike cycle, and the increasing profitability of crypto mining.
Kendrick stated, "While there are ongoing factors causing uncertainty, we believe that the path to $100,000 has become clearer."
Bitcoin has risen by 66.4% so far this year and surpassed $30,000 for the first time in 10 months in April.
These gains have partially recovered the losses from the cryptocurrency sector in 2022 when trillions of dollars were wiped out due to central banks raising interest rates and the collapse of several crypto firms.
#btc #UBXS #BNB #ETH
Bitcoin's Surprise Move...
Under the pressure of consecutive negative news, BTC dipped below a critical support level, creating a bearish sentiment in the market. However, thanks to the effect of the ETF news, it gained 8% in a short period of time. The well-timed ETF news was one of the main factors that pushed BTC from $24,800 to $26,880. Investors and the markets breathed a sigh of relief as BTC made this leap. But can this upward momentum in BTC be sustained?
To answer this question, it is essential to follow both fundamental and technical analysis. Looking at the technical structure of BTC, we see that it broke the downtrend starting from $28,400.
#BTC #BNB #UBXS #crypto2023
Under the pressure of consecutive negative news, BTC dipped below a critical support level, creating a bearish sentiment in the market. However, thanks to the effect of the ETF news, it gained 8% in a short period of time. The well-timed ETF news was one of the main factors that pushed BTC from $24,800 to $26,880. Investors and the markets breathed a sigh of relief as BTC made this leap. But can this upward momentum in BTC be sustained?
To answer this question, it is essential to follow both fundamental and technical analysis. Looking at the technical structure of BTC, we see that it broke the downtrend starting from $28,400.
#BTC #BNB #UBXS #crypto2023
Coinbase Reacts to SEC!
Coinbase has expressed its disapproval of the U.S. Securities and Exchange Commission (SEC) for not responding to questions posed in the U.S. Appeals Court.
As part of its ongoing legal battle, Coinbase has condemned the SEC for failing to answer questions posed in the U.S. Appeals Court. In a letter submitted to the court on June 17, Coinbase's lawyers accused the SEC of not providing direct answers to the court regarding the filings.
Growing Tension between Coinbase and the SEC
Two weeks after filing a lawsuit against Coinbase, the SEC finds itself at odds with the exchange on different issues. Coinbase has shown its reaction to the regulator for not responding to the questions presented to the SEC in the U.S. Appeals Court, leading to discussions and statements in the public domain.
In response to the situation, Coinbase made the following statement:
"When ordered to address the stark inconsistency between its position in this litigation and its actions and statements elsewhere, the SEC still fails to provide direct answers and instead repeats talking points."
The letter came as a response to the SEC's failure to respond to Coinbase's rulemaking petition submitted on June 13. Coinbase also noted that the SEC has even shown a reaction to the progress of the court proceedings.
#BTC #BNB #UBXS #crypto2023
As part of its ongoing legal battle, Coinbase has condemned the SEC for failing to answer questions posed in the U.S. Appeals Court. In a letter submitted to the court on June 17, Coinbase's lawyers accused the SEC of not providing direct answers to the court regarding the filings.
Growing Tension between Coinbase and the SEC
Two weeks after filing a lawsuit against Coinbase, the SEC finds itself at odds with the exchange on different issues. Coinbase has shown its reaction to the regulator for not responding to the questions presented to the SEC in the U.S. Appeals Court, leading to discussions and statements in the public domain.
In response to the situation, Coinbase made the following statement:
"When ordered to address the stark inconsistency between its position in this litigation and its actions and statements elsewhere, the SEC still fails to provide direct answers and instead repeats talking points."
The letter came as a response to the SEC's failure to respond to Coinbase's rulemaking petition submitted on June 13. Coinbase also noted that the SEC has even shown a reaction to the progress of the court proceedings.
#BTC #BNB #UBXS #crypto2023
