Shiba Inu and XRP Among Top Three Most Traded Cryptocurrencies on WazirX in India
Shiba Inu (SHIB) and Ripple-affiliated XRP coins were among the three most traded digital currencies on the WazirX exchange in India in June, according to a tweet from the exchange. The tokens were trading alongside Bitcoin, which remains the leading cryptocurrency in terms of market capitalization and trading volume.
Analysts Identify XRP Buy Signal and Crucial Support/Resistance Levels for Potential Breakout
Market analysts have identified a buy signal for XRP, with crucial support and resistance levels highlighted. The TD Sequential indicator has presented a buy signal for XRP on the 3-day chart, indicating a potentially favorable opportunity for investors.
UK Regulator Shuts Down 26 Unauthorised Crypto ATMs in 2023 Crackdown
The UK's Financial Conduct Authority (FCA) has announced that it has shut down 26 unauthorised cryptocurrency automated teller machines (ATMs) since the start of the year.
Bitcoin's Price Rebounds Above $30,000 Support Level Amidst Uncertainty Over US CPI and PPI Release
Bitcoin's price has recovered and is now back above the $30,000 support level after a brief dip over the weekend. The cryptocurrency is currently trading at $30,500 with a market capitalization of $592 billion and a trading volume of $15 billion.
South Korean Prosecution to Launch Joint Investigation Team for Virtual Asset-Related Crimes
South Korean prosecutors are set to launch a joint investigation team dedicated to virtual asset-related crimes at the end of July.According to the JoongAng Ilbo on July 11th, the prosecution plans to hold an inauguration ceremony for the team in line with the appointment of new prosecutors later this month.
Bitcoin Rises Above $30,000 as Standard Chartered Predicts $120,000 by 2024
Bitcoin held above US$30,000 in Tuesday morning trading, with Standard Chartered predicting the token will reach US$120,000 by the end of 2024. Other top 10 non-stablecoin cryptocurrencies also moved higher, with Matic token leading the rally.
Canadian House of Commons Committee Recommends Recognition of Blockchain as Emerging Industry
A report from the Canadian House of Commons Standing Committee on Industry and Technology has recommended that Canada acknowledge blockchain as an emerging industry and take necessary steps to support it. The report highlights the potential uses of blockchain technology, including cryptocurrency, supply chain management, and non-crypto financial innovations. Witnesses estimate that 16,000 Canadians were employed in the blockchain industry in 2020, with 13,000 working for cryptocurrency firms in 2022. The report calls for increased regulatory clarity and the development of a national strategy in collaboration with industry participants, particularly in regards to stablecoin regulation.
A Giant Whale Transferred 1,327 BTC to Binance for About 40 Million U.S. Dollars
According to the monitoring of Ember, a data analyst on the chain, a giant whale address transferred 1,327 BTC (about 40 million US dollars) to Binance half an hour ago. These BTCs were proposed by him from Binance on June 28. The address also withdrew 750 BTC (~$22 million) from Binance on the afternoon of April 30, and then transferred it back to Binance in the early hours of May 1. Three hours after he transferred back to Binance, BTC dropped from $29,400 to $28,500.
Bitcoin Whales and Sharks Accumulate $2.14 Billion Worth of BTC Despite Sideways Trading
Bitcoin whales and sharks, who own between 10 BTC and 10,000 BTC, have purchased around $2.14 billion worth of the cryptocurrency since June 17, despite its flat trading between $30,000 and $31,000. These investors now own 13.02 million BTC, worth over $391 billion.
Crypto Companies Seek Regulatory Clarity and SEC Oversight Reform in Draft Bill Lobbying Effort
Crypto companies are lobbying Congress for support on a proposed bill that would provide regulatory clarity for the industry and limit the power of the SEC. The bill, drafted by Republican chairs of the House Financial Services and Agriculture committees, would define when a cryptocurrency is a security or a commodity and expand the Commodity Futures Trading Commission's oversight.
