How Many Ethereum are Left? « Euro Weekly News
May 31, 2023
The SEC noted that Wahi and Nikhil purchased at least 25 crypto assets from Coinbase before listings, out of which nine were securities. The United States Securities and Exchange Commission (SEC) counted another win in regulating the nascent crypto industry through a Coinbase Global Inc (NASDAQ: COIN) insider trading case. According to a press release from the SEC on May 30, former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi plead guilty to conspiracy to commit wire fraud....
Read moreAfter charting a three-week high recently, BTC stalled at around $28,000 but dumped hard in the past several hours. The altcoins have also turned red, with ETH dropping under $1,900. The total market cap is down by over $20 billion in a day. BTC Rejected at $28K Bitcoin fell hard on Thursday to a two-week low below $26,000 but reacted well and recovered almost all losses by the weekend. Sunday saw another minor leg-up that drove the asset to $27,400....
Read moreIn the dynamic world of cryptocurrencies, Ethereum, Big Eyes Coin (BIG), and Dogecoin have emerged as prominent players, each with its unique features and potential. As Ethereum accumulation skyrockets among whales, the question arises: How many Ethereum are left? In this article, we delve into the intriguing world of these cryptocurrencies, comparing their key aspects and shedding light on their native tokens. Let’s explore the landscape of Ethereum, Big Eyes Coin, and Dogecoin to uncover their potential and appeal to...
Read moreIt might seem counterproductive to think about the best cryptocurrency to buy now, given that 2022 was filled with the bad news that negatively affected the general crypto market. In cryptocurrency, market swings can happen anytime; for instance, from June 2019 to March 2020, the cryptocurrency market lost more than 60%. But, such data shouldn’t discourage investors as there are still tokens with high growth potential. Below analysts bring out the top 3 cryptocurrencies with high growth potential in Q1...
Read moreTrading Bitcoin (BTC) is not easy, given the relatively high volatility of the cryptocurrency, its low correlation to other asset classes, and its reaction to various factors that can come from both the crypto industry and traditional finance.Like the U.S. dollar and other fiat currencies, which are mostly driven by macroeconomic factors, cryptocurrencies like Bitcoin can become volatile when the Federal Reserve surprises with its interest rate decision. However, Bitcoin can also react to the collapse of a major crypto...
Read moreThe CEO of Coinbase exchange, Brian Armstrong, expressed his dissatisfaction with the approach of the US lawmakers and the regulators regarding the establishment of clear regulations in the cryptocurrency space. He cautioned that the United States’ restrictive policies could potentially have the way for “adversary nations,” such as China to gain an advantage in the cryptocurrency industry.In a recent op-ed published on 30 May, Armstrong reiterated his concern that the recent volatility in the crypto markets may lead US policymakers...
Read moreTraditional financial firms, including Standard Chartered, Nomura, and Charles Schwab, are busy building or funding new crypto exchange and custody platforms, FT reported on May 31. These well-known Wall Street firms are betting that fund managers are still interested in trading crypto even after last year’s market downturn and the string of crypto scandals. The FTX bankruptcy and Terra ecosystem implosion, among others, highlighted the risk of investing through largely unregulated exchanges. But legacy firms believe asset managers prefer dealing...
Read moreThe SEC noted that Wahi and Nikhil purchased at least 25 crypto assets from Coinbase before listings, out of which nine were securities. The United States Securities and Exchange Commission (SEC) counted another win in regulating the nascent crypto industry through a Coinbase Global Inc (NASDAQ: COIN) insider trading case. According to a press release from the SEC on May 30, former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi plead guilty to conspiracy to commit wire fraud. As a result, Wahi was sentenced to two years in prison and ordered to forfeit 10.97 ETH and 9,440 Tether USDT. Similarly, the US District Court for the Western District of Washington ordered Nikhil to forfeit $892,500 and sentenced him to 10 months in prison. The SEC noted that Wahi and Nikhil purchased at least 25 crypto assets from Coinbase before listings, out of which nine were securities. Notably, the SEC filed the complaints on July 21, 2022, after auditing...
Read moreIt’s been a little over a month since the Arbitrum Foundation drama, where the foundation transferred funds from Arbitrum DAO without the community’s approval, sparking an...
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XRP price has been in a steady uptrend for five consecutive days despite macroeconomic factors weighing on markets. At the...
Ethereum price has been in consolidation mode for the past few days as macroeconomic concerns send investors into conservation mode....
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