TL;DR Breakdown The recent Arbitrum price analysis shows a decrease in price. Price levels have dropped down to $1.16 today. Support for ARB is present at $1.08. Today, the Arbitrum price analysis points towards a decline in its value. The bears have been continuously adjusting their downtrend cycle, which is clearly visible on the price charts. The market has been predominantly influenced by the downtrend, leading to a dismissal of any potential upward price movement following a price spike, as the gains made are swiftly erased by selling pressure. The bearish momentum has experienced a notable surge, as indicated by the latest update showing a decrease in price to $1.16. This suggests that a further downtrend is imminent, and it is anticipated that the future may bring unfavorable conditions for the cryptocurrency market in the coming days. ARB/USD 1-day price chart: Arbitrum experiences its first drop after yesterday’s spike The 1-day Arbitrum price analysis chart is indicating an unexpected bearish trend in the market. This downturn has disrupted the previously sustained bullish momentum. Despite this, the coin still managed to…

TL;DR Breakdown Circle Singapore has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) for digital payment token services, enabling them to offer various financial services in Singapore. The license solidifies Circle Singapore’s reputation as a responsible and well-regulated player in the digital financial technology sector and allows them to provide institutional customers access to USDC, a digital dollar stablecoin. Circle Singapore’s receipt of the MPI license follows strategic initiatives, including partnerships with Tribe and establishing their office in Singapore, reaffirming their commitment to driving financial technology innovation in the region. Circle Singapore, an affiliate of Circle Internet Financial, has announced the successful acquisition of its Major Payment Institution (MPI) license for digital payment token services in Singapore. The Monetary Authority of Singapore (MAS) granted the license, allowing Circle Singapore to provide various financial services, including digital payment token services and cross-border and domestic money transfers within the city-state. Circle Singapore’s MPI license is a significant milestone for the company and positions it as a trusted and well-regulated operator in the digital financial technology sector….

TL;DR Breakdown The U.S. SEC has proposed a freezing order on $2.2 billion of U.S. customer assets held by BinanceUS, citing potential misappropriation risks by founder Changpeng Zhao. The SEC alleges that BinanceUS and Zhao engaged in unregistered securities sales and commingled investor funds with their own. With over $2.2 billion of U.S. customer assets under scrutiny, BinanceUS and its founder, Changpeng Zhao, face allegations by federal regulators who believe these funds are under “significant risk” of misappropriation. The U.S. Securities and Exchange Commission (SEC) voiced its concerns and accusations in a recent legal filing, stating that immediate action must be taken to prevent possible illicit activities by Zhao and associated entities. The security freeze proposal: Federal regulators’ preventive approach This concern has motivated the SEC to propose a freezing order on the substantial assets under BinanceUS’s control. The regulator’s legal representatives have advocated for this action as a preemptive measure to mitigate potential capital flight risks. They’re calling for a swift judgment that allows U.S. customer assets to be repatriated and frozen, thus averting unauthorized transfers by Zhao or…

TL;DR Breakdown The Philippines Securities and Exchange Commission (SEC) is adopting a careful approach to creating a legal framework for the crypto industry. The SEC Chairman, Emilio Aquino, affirms the need for robust investor protection in the forthcoming crypto regulations. A partnership has been formed between the SEC and the University of the Philippines Law Center to draft guidelines for digital assets. Amidst the shimmering waters of the Pacific and the lush greenery of the archipelago, a sophisticated dance of regulation and freedom unfolds in the Philippines, one of Southeast Asia’s rapidly accelerating economies. After the global market failures in 2022, the country’s financial watchdog, the Philippines Securities and Exchange Commission (SEC), has opted for patience and precision over haste in the journey toward crypto regulation. The chairman of the Philippines SEC, Emilio Aquino, shed light on the story behind the delay. The regulatory body had initially planned to publish the crypto legal framework in 2022, a deadline that was later revised. This decision came after the catastrophic FTX exchange collapse, which rippled shockwaves through the global crypto community. According…

TL;DR Breakdown Elliptic Firm and its Investigative arm say that users of Atomic Wallet have fallen victim to Lazarus, the notorious North Korean cybercrime group.  So far, $35 million has been stolen in bitcoin, ether, tether, Dogecoin, Litecoin, BNB coin, polygon, and Tron-based USDT. The stolen assets are being laundered using specific services, such as the Sinbad mixer, which has also been used to launder the proceeds of Lazarus Group Hacks in the past. Elliptic, a blockchain intelligence firm, said in a blog post on Tuesday that users of Atomic Wallet may have fallen victim to Lazarus, the notorious North Korean cybercrime group. Reportedly, illegal funds from the $35 million Atomic Wallet hack have been transferred to a crypto aggregator that is favored by North Korea’s most notorious cyber-hacking group. The Lazarus Group financial terror hits the crypto industry hard Lazarus Group is a North Korean cybercrime organization known for its cyber exploits, and it has been blamed for a number of attacks since 2010. The entity is thought to be funded by the North Korean government and consists of…

TL;DR Breakdown The U.S. Court of Appeals ordered the SEC to respond to Coinbase’s petition for clearer crypto regulations. The SEC is suing Coinbase, raising concerns about its approach to crypto regulation. The United States Court of Appeals for the Third Circuit has ordered the U.S. Securities and Exchange Commission (SEC) to clarify its stance on a rulemaking petition from Coinbase, the only publicly-traded cryptocurrency exchange in the United States. The Court asked SEC to respond within a week. This order comes in response to Coinbase’s Administrative Procedure Act challenge filed in April, which sought to compel the SEC to respond to its 2022 petition for formal rulemaking in the digital assets sector. Coinbase’s petition, pending since July, has been a clarion call for clearer regulatory guidelines for the burgeoning cryptocurrency industry in the U.S. The exchange has asked the SEC to answer 50 specific questions concerning the regulatory treatment of certain digital assets, including how tokens are classified as securities. Paul Grewal, Coinbase’s Chief Legal Officer, has been vocal about the need for regulatory clarity, stating that the SEC’s…

TL;DR Breakdown Coinbase CEO Brian Armstrong responded to the SEC lawsuit, voicing confidence in the company’s position and readiness to seek clarity through legal means. Armstrong pointed out that the SEC had approved Coinbase to go public in 2021 and the firm had tried to work within unclear regulatory confines. He highlighted the regulatory confusion with conflicting stances from the SEC and CFTC on defining securities and commodities. Drawing upon an atmosphere thick with tension and marked by regulatory uncertainty, the cryptocurrency powerhouse, Coinbase, now finds itself in the spotlight following charges levied against it by the U.S. Securities and Exchange Commission (SEC). The CEO of Coinbase, Brian Armstrong, responded swiftly and assertively to these allegations, voicing his confidence in the company’s standing and expressing determination to seek clarity through legal channels. His comments came in a long tweet that underscored the urgency and depth of the regulatory conflict in the rapidly evolving crypto sector. He also attached a video that I, personally, enjoyed watching a lot. Coinbase’s legal stance The Coinbase leader began his defense by proudly stating that…

TL;DR Breakdown FTX’s collapsed crypto exchange holds a valuable stake in AI startup Anthropic, which has surged in value and is now worth billions of dollars. Perella Weinberg, the bank handling FTX’s bankruptcy, is considering selling hundreds of millions of dollars’ worth of Anthropic shares, potentially benefiting former FTX customers. Bankers are debating whether to sell the entire Anthropic stake now or retain some for potential future gains amidst the rising valuations in the AI industry. Perella Weinberg, the investment bank handling the bankruptcy of crypto exchange FTX, is reportedly seeking to sell shares in Anthropic, an AI startup that has gained significant value in the AI industry, according to a report by Semafor. The stake in Anthropic, worth around $500 million at the time of FTX’s bankruptcy, is now expected to fetch a substantial nine-figure sum, benefiting former customers. The privately-held company has become a prominent player in the AI boom, particularly with the creation of the Claude chatbot that competes with ChatGPT. Bankers debate selling entire stake or holding back Furthermore, the report stated that Perella Weinberg is…

TL;DR Breakdown The SEC has filed a lawsuit against Binance.US, Binance Global, and CEO Changpeng Zhao, alleging compliance and control failures. The commission has requested a temporary restraining order to freeze assets tied to BAM Management US Holdings and BAM Trading Services, the holding and operating firms for Binance.US. The U.S. Securities and Exchange Commission (SEC) has taken legal action against Binance.US, Binance Global, and Binance CEO Changpeng Zhao, filing a lawsuit that alleges a range of compliance and control failures. In a court filing on Tuesday, the SEC requested a temporary restraining order to freeze assets tied to BAM Management US Holdings and BAM Trading Services, the holding and operating firms for Binance.US. The SEC’s move aims to protect customer assets and prevent the dissipation of funds amid concerns about regulatory evasion and undisclosed financial transfers. Ensuring customer safety and asset preservation In its court filing, the SEC emphasized the necessity of expedited relief to safeguard customer assets. The regulatory body cited years of violative conduct, disregard for U.S. laws, and evasion of regulatory oversight by the defendants as…

Contents hide 1 Alchemy Pay Price Predictions 2023-2032 2 How much is ACH worth? 3 Alchemy Pay technical analysis: ACH gains momentum above $0.02483 3.1 ACH price analysis on a daily chart: Bulls stage a strong comeback 3.2 ACH price analysis on a 4-hour chart: Bulls need to break above the $0.04311 resistance 3.3 What to expect from Alchemy Pay price analysis 4 Alchemy Pay ACH Price Prediction by Cryptopolitan 4.1 Alchemy Pay Price Prediction 2023 4.2 Alchemy Pay Price Prediction 2024 4.3 Alchemy Pay Price Prediction 2025 4.4 Alchemy Pay Price Prediction 2026 4.5 Alchemy Pay Price Prediction 2027 4.6 Alchemy Pay Price Prediction 2028 4.7 Alchemy Pay Price Prediction 2029 4.8 Alchemy Pay Price Prediction 2030 4.9 Alchemy Pay Price Prediction 2031 4.10 Alchemy Pay Price Prediction 2032 4.11 Alchemy Price Prediction by Price Prediction net 4.12 Alchemy Price Prediction by Wallet Investor 4.13 Alchemy Price Prediction by Coincodex 5 What is Alchemy Pay? 5.1 Alchemy Pay Founders 5.2 How Alchemy Pay Works 6 Alchemy Pay Fiat and Crypto Economies 6.1 Businesses: Crypto-fiat B2C and B2B payment 6.2…