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Also Read: Pepe Coin Gets Huobi Backing; PEPE Price To Skyrocket? advertisement Drop In Shiba Inu Burn Rate A Major Concern? Data depicts that Shiba Inu price has been stagnant over the last 60 days. SHIB has failed to breach the $0.00001183 price level since March 3, 2023. The ongoing price decline has left the SHIBArmy disappointed. This directly reflects in plummeting burn rate. According to the tracker, Shiba Inu burn rate has dropped by 70% in the last 24 hours. Only One million SHIB has been to a dead wallet in a single transaction. However, the tracker reported just 2.56 million SHIB being burnt on April 29, 2023. While Zero Shiba Inu coin burn was reported on April 27, 2023. Read More Shiba Inu News Here… Source: Shibburn The cumulative decline in Shiba inu Coin burn rate mirrors the enthusiasm among the SHIB holders regarding its much anticipated metaverse project. Shiba Inu is trading at an average price of $0.000010, at the press ti...

In a recent tweet, Hunter Horsley, CEO of Bitwise Asset Management, shared his frustration with the poor attention given to the US-based crypto, Coinbase, claiming that people are “sleeping” on the crypto business. Horsley argued that while big banks like Goldman Sachs attempt to avoid a “slow death” by investing in technology, APIs, and retail services, Coinbase has already achieved what many banks strive to attain. He points out that the exchange has an exceptional institutional team with 25% of the most significant hedge funds as clients, over 50% institutional volume, and a suite of first-class tech products. The Bitwise CEO also claimed that Coinbase co-invented the USDC payment rail, facilitating $2 trillion in transfers in 2022 Q4 alone. Rant — People are sleeping on Coinbase. Big banks like GS are working to avoid slow death by getting into technology, APIs (Apple deal), more retail services (Marcus), while grappling with the heft of legacy biz, rate exposure, ...

Join Our Telegram channel to stay up to date on breaking news coverage Yesterday, April 27th, The US House of Representatives saw two committee s — Financial Services and Agriculture Committee — hold crypto hearings . The hearings had very similar title s and covered the same ground, coming to similar conclusions. Do the standing securities laws apply to crypto? The Financial Services Committee held a hearing under the title of “The Future of Digital Assets: Identifying the Regulatory Gaps in Digital Asset Market Structure.” The leading speaker was Zachary Zweihorn, the Davis Polk partner. Zweihorn argued that the standing laws for the securities markets do not align with digital asset securities. “We’ve all heard the siren’s call to ‘come in and register.’ It sounds enticingly attractive. But this is an oversimplification that conflates registration, which may theoretically be possible, with compliance, which is not,...

Also Read: Bitcoin Bull Run Imminent? Hong Kong Central Bank Issues Crypto Advisory For Banks advertisement Ripple To Face Legal Threat From XRP Holders The latest hearing in the Zakinov v. Ripple Labs reportedly took place on April 26, 2023. However, around 500 members of the public were allowed to attend the hearing online. The court hearing was for the oral arguments on the request of certifying the class of XRP holders going against Ripple . The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT. Signup Ad Bradley Sostak, an XRP holder for just two weeks asked the court to let him be the lead plaintiff in the class lawsuit actions. However, he wants to act for all the XRP holders involving investors who either owned it or sold it at a loss. Trending Stories ...

Join Our Telegram channel to stay up to date on breaking news coverage Hong Kong’s Securities and Futures Commission (SFC) is set to release guidelines for cryptocurrency exchange licensing in May. The SFC’s CEO, Julia Leung, revealed the news at an event and stated that there have been over 150 responses to the ongoing consultation process for the regulatory framework for crypto entities in the city. The SFC’s CEO stated that the guidelines are part of Hong Kong’s efforts to bolster the region’s growing cryptocurrency industry and support trading platforms offering services to retail investors. With the introduction of these guidelines, Hong Kong is taking a significant step forward in its bid to become a leading cryptocurrency hub in Asia.  The new regulatory framework is set to come into effect on June 1, and it will mandate that crypto platforms register with the authorities of the city. Licensed exchanges will be allowed to offer cryptoc...

Also Read: Coinbase Launches “Stand With Crypto” NFT After Going Against SEC advertisement The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT. Signup Ad As per reports, Hong Kong Securities and Futures Commission Chief Executive Officer Julia Leung in an event stated that licensing guidelines for digital asset trading platforms in May. (THIS IS A DEVELOPING STORY) Trending Stories SOL Price Prediction: Bullish Pattern Sets Solana Price for 22% Rise; Enter Today? 24/7 Cryptocurrency News XRP Price Prediction: XRP Price Coiling Up Before a Massive Move; Enter Now? 24/7 Cryptocurrency News ETH Price Prediction: New Recovery Cycle in Ethereum Price Hints a 10% Rally Ahead 24/7 Cryptocurrency News PEPE Price Prediction: This Chart Patt...