Author: Zethe King

In order to increase the usability and adoption of cryptocurrencies around the world, Coinbase is on a mission to assist modernize the financial system. In order to support this initiative, Coinbase has introduced the Coinbase International Exchange, which enables institutional users in qualifying non-US jurisdictions to trade perpetual futures contracts settled in USDC. Users will have access to a high level of client protection, a strong risk management framework, and high-performance trading technology through Coinbase’s global perpetual futures exchange. Coinbase is committed to collaborating with stringent international authorities to create new solutions and goods that take advantage of its strict…

BITCOIN SEES RELIEF AFTER A HEAVY REJECTION FROM $31,000 Bitcoin has had a sharp retrace to $26,978 following from an exhausted topping structure seen from the last few weeks. Bitcoin was able to hold itself firmly above the $26,628 price point, as this was a ceiling from a resistance earlier in the year, and now has seemed to turn to support for the time being. This price action follows uncertainty behind the cryptocurrency market and the litigation seen in the United States. BITCOINS’ WEEKLY ANALYSIS The chart seems indicate a relief rally coming in and providing bulls with some recourse,…

COINBASE PUSHES BACK Investors are full of FUD(Fear, Uncertainty, and Doubt), and are uneasy since the SEC, under the guise of Gary Gensler, has not yet categorized cryptocurrencies as commodities, yet mostly securities, that have to “come in and comply.” The Administrative Procedure Act (“the APA”) requires the SEC to respond to Coinbase’s rulemaking petition “within a reasonable time.” If the SEC says no to our rulemaking petition, which it has the right to do, then Coinbase would be allowed to challenge that decision in court and explain in that formal setting why rulemaking is required. So it’s important for…

This enforcement action against BITTREX is part of a broader crackdown by the SEC on cryptocurrency exchanges and other players in the crypto industry. As the SEC intensifies its enforcement efforts, businesses in the cryptocurrency sector will need to be diligent in adhering to securities rules and regulations. Bittrex is accused of allowing users to trade cryptocurrencies that were deemed securities without registering with the SEC or obtaining exemptions. “We are disappointed with the SEC’s decision to bring an enforcement action against Bittrex as part of Chairman Gensler’s larger crusade to drive cryptocurrency out of the United States. The impact…

BITCOIN TRENDING BACK TO SUPPORT AS THE DOLLAR TAKES BACK SOME GROUND LOST LAST WEEK The U.S. Dollar has seen a snark retracement back up to the top of its trendline, hitting resistance and slowly making its way back to the 101.864 region. The past 2 opening days for the stock market, as given way to the dollars bounce off of its previous low, seen Feb 1st 2023. This as acted as support and is currently holding the dollar afloat above the 101 region. Bitcoin at the time of writing, sits at $29,445, down 2.72% in the last 24 hours.…

Ethereum chart by TradingView ETHEREUM SEES RALLY FOLLOWING SHANGHAI UPGRADE Ethereum pushes through $2,000 in lieu of the Shanghai Upgrade on Wednesday. The upgrade to the system allowed and activated the removal of more than 17.4 million ETH. This is from the new implementation of Ethereum’s proof-of-stake blockchain, and now for the first time since its launch in December 2020, investors may remove their stake. Its successful launch of the upgrade removed doubts of sell off, and also problems with the blockchains upgrade. ETH has hit a high of 12.10% gains late Thursday night, citing the price of $2,130. ETH dominance has risen…

BITCOIN SLASHES THROUGH 30K AS THE NEARLY 3 WEEK TREND GIVES WAY! Bitcoin late Monday night into Tuesday morning, can be seen sitting at $30,053 at the time of writing. Indicated in the chart above, it can be deduced that Bitcoin had been poised to breakout of its trend. The bullflag had formed and reiterated itself based on the more neutral RSI (Relative Strength Index.) As the month has past, citing the banking crisis no less than 30 days ago, crypto has been seen as a hedge against the failing lenders and banks. While most analysts sight there is no…

ENFORCEMENT AND UNDERSTANDING GARY GENSLER AND HIS HISTORY Gary Gensler began his career as a financial analyst at the U.S. Department of the Treasury in the 1980s, where he focused on policy and financial markets. After leaving the administration, Gensler lectured at the Sloan School of Management at Massachusetts Institute of Technology and advised the Obama-Biden Transition Project. Also, after the financial crisis of 2008, he started advocating for financial reform. President Barack Obama proposed Gary Gensler in 2009 for the role of Chairman of the Commodities Futures Trading Commission (CFTC), which he held until 2014. Gensler oversaw the implementation…

WHY THE US DOLLAR? The US dollar is one of the most powerful currencies in the world and it has been the global reserve currency for decades. However, there is growing concern that the dollar may be on the verge of collapse. The demise of the US dollar could have significant implications for the global economy, and it is important to understand the potential causes and effects of such an event. There are several factors that could contribute to the demise of the US dollar. The most significant is the treasury printing a seemingly endless supply of money. The simple…

BITCOIN CORRECTS IN PRICE AS CZ BINANCE’S RED NOTICE ALLEGATIONS FLOAT AROUND Within the last 24 hours, a rumor has been floating around the market about a Red Notice for the Binance Founder and CEO, CZ Changpeng “CZ” Zhao, from Twitter user, Cobie. This was unable to be backed fully so the information was deemed unjust and non-informative. Bringing to light within the trend above, it seems Bitcoin’s price has been steadily recovering, compressing itself into an apex that looks geared for continuation to the upside. Some are citing the economic turn that the Federal Reserve may have to complete…