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In the recent analysis by ITC Crypto founder and CEO Benjamin Cowen, a wedge chart pattern was identified in the current market cycle of Ethereum. This pattern bears resemblance to previous cycles in 2019, albeit on a much larger scale. Cowen pointed out that the ETH/BTC structure hit a bottom after an interest rate cut
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Investors and gamers alike are turning to pre-market trading as a way to gain early access to sought-after game tokens. This type of trading, seen in games such as Hamster Kombat, Catizen, WatBird, and X Empire, provides individuals with the opportunity to acquire tokens before they are released to the general public. Pre-market trading involves
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The Digital Chamber (TDC) has taken a bold step by urging Congress to pass legislation that would categorize certain non-fungible tokens (NFTs) as consumer goods rather than financial products. This move comes in response to the Securities and Exchange Commission’s (SEC) recent enforcement actions, particularly towards NFT marketplace OpenSea. TDC argues that NFTs designed for
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The Bitcoin price predictions have been a topic of hot debate, with varying thoughts on whether the cryptocurrency will reach new all-time highs after the recent crash. While bearish sentiments persist, there are analysts who are optimistic about bullish trends ahead for the pioneer cryptocurrency. The Bullish Camp Prediction Bernstein analysts have joined the bullish
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Bitcoin experienced a significant surge in price recently, jumping from a daily low of $53,600 to over $58,000. One of the possible reasons behind this surge could be attributed to the impact of US spot Bitcoin ETFs. These ETFs, which were established in mid-January this year, have been observed to play a crucial role in
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The US Securities and Exchange Commission (SEC) has been facing criticism regarding its Staff Accounting Bulletin No. 121 (SAB 121). Commissioner Hester Peirce recently expressed her ongoing concerns about the regulation, questioning its implications and effectiveness. This comes in light of a speech by SEC Chief Accountant Paul Munter, where he reiterated the Commission’s unwavering
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