Action Financial News

As Bitcoin (BTC) struggles to hold its ground at the crucial $30,000 mark, the digital currency's on-chain data suggests that a price decrease may be imminent.

Friday April 28th 2023 – yPredict is a comprehensive AI-driven system designed for traders, quants, analysts, and developers to predict prices in financial markets – currently in presale.

Friday April 28 2023 – Web3 portal Launchpad (LPX) has started its presale with a bang – raising $142,000 in the space of a few minutes.

The XRP price has risen by 3% in the past 24 hours, climbing to $0.473787 as the cryptocurrency market as a whole posts a 1.5% return over the same period.

WASHINGTON — Coinbase said on 27 April it would fight the Securities and Exchange Commission over the agency's claim that much of its business is illegal and try to convince a court that Wall Street regulators lack the authority to oversee cryptocurrency markets.

The Swiss National Bank will hold its annual general meeting in Bern on Friday against a backdrop of protest over its action on climate change and its role in the emergency sale of Credit Suisse to Swiss rival UBS.

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A recent report revealed that Apple has removed the Bitcoin whitepaper from the latest Macbook, macOS Ventura 13.4 beta 3.

The world's first comprehensive regulation for the crypto sector, MiCA requires firms in the sector to obtain a license in order to offer their services in the bloc and to meet money laundering and terrorist financing rules."Significant" service providers will also have to disclose their energy consumption in order to tackle the sector's carbon footprint.A separate vote of 529-29 waved through Transfer of Funds regulation, requiring crypto firms to identify their customers.MiCA will now be introduced in phases, beginning next July.EU financial services commissioner Mairead McGuinness called on other parts of the world to follow the EU's lead, adding: "We believe had FTX been captured under the EU's jurisdiction, many of its practices would not have been permissible under MiCA." Anna Carrier, legal consultant at Norton Rose Fulbright warns that firms will need to take swift action: "With a relatively short implementation timeframe and a need for technical secondary legislation to be developed before MiCA becomes applicable, the industry faces some busy months ahead."

A court in the British Overseas Territory of Gibraltar has ordered several crypto exchanges to assist in the investigation of the collapsed crypto trading firm Globix.

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GameFi has been a hot topic in 2023, but strong early year performance by tokens in this vertical has flipped to bleed out price action with Gods Unchained (GODS) among the worst hit.

As climate change begins to bite, nations around the world are desperately embracing emerging technologies that aim to tackle shifting weather patterns. 

Generative Ai technologies such as ChatGPT and Google BART are supercharging our understanding of on-chain data, market sentiment, and coin analysis - with unhinged power igniting a frenzy around AI-powered trading application and platforms.

A Commodity Futures Trading Commission official said Tuesday that she hopes to find a «path forward» in the regulator's legal battle with crypto exchange Binance, noting that no decision has been taken yet on whether to settle the case or take it to court.

The SEC did not provide a public response but has since taken a tougher stance on the crypto sector, taking action against several firms and sending a Wells Notice to Coinbase itself in connection with the exchange’s listing of potential unregistered securities. In recent days Coinbase CEO Brian Armstrong has expressed his frustration with the regulatory regime and publicly flirted with the idea of moving the firm's headquarters out of the US.Now, Coinbase has filed an action to "compel the SEC to respond yes or no to our July 2022 petition asking the SEC to use its formal rulemaking process to provide guidance for the crypto industry," says chief legal officer Paul Grewal in a blog.Continues Grewal: "From the SEC’s public statements and enforcement activity in the crypto industry, it seems like the SEC has already made up its mind to deny our petition.

A group of venture capital firms including Tiger Global and Union Square Ventures on Tuesday set up an alliance aimed at making private tech investing more climate-friendly.

Despite a sensational run for top memecoins like Dogecoin (DOGE) and Pepe (PEPE) in recent weeks, Shiba Inu (SHIB) continues to face a woeful 2023 characterised by bleed-out price action.

In this article

Markets are facing uncertainty, with Bitcoin (BTC) entering a 10th day of retracement consolidation after sustained pressure at $31,100 finally broke to the downside.

The world of crypto can be a daunting place to adventure in and with the inherent risk of capital, figuring out how to distinguish a good project from a bad one could be the difference between a bumpy ride or a smooth journey.