<img alt="" class="webfeedsFeaturedVisual wp-post-image" height="214" src="https://coinedition.com/wp-content/uploads/2023/04/coinbase-3-380x214.jpg" style="display: block; margin-bottom: 5px; clear: both;" width="380" /><p>Attorney and cryptocurrency advocate John Deaton recently praised Coinbase for supporting privacy-preserving protocols like Tornado Cash and Whai Amicus Brief and taking on the Securities and Exchange Commission (SEC) in the Ripple case. Deaton argued that court cases will play a significant role in developing the sector. “As some of us have been saying for [&#8230;]</p>
<p>The post <a href="https://coinedition.com/coinbase-wins-praise-for-legal-advocacy-in-xrp-and-tornado-cash-case/" rel="nofollow">Coinbase Wins Praise for Legal Advocacy in XRP and Tornado Cash Case</a> appeared first on <a href="https://coinedition.com" rel="nofollow">Coin Edition</a>.</p>

Coinbase Wins Praise for Legal Advocacy in XRP and Tornado Cash Case

Coinbase News: In a recent back-to-back interviews on Wednesday, Coinbase’s Chief Executive Officer Brian Armstrong defended the company against a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Armstrong argued that the lack of clear guidelines in the United States for the cryptocurrency sector was the underlying issue. He further emphasized his willingness 
The post Breaking: Coinbase CEO Ready To Challenge SEC Lawsuit In U.S. High Court appeared first on CoinGape.

Breaking: Coinbase CEO Ready To Challenge SEC Lawsuit In U.S. High Court | Coingape

Bitcoin keeps moving sideways in a tight range as regulatory pressure in the U.S. mounts with two lawsuits against major crypto exchanges. The number one crypto by market cap could yet see crab-like price action, but the bulls could catch a break in the short term, according to an analyst. Related Reading: LDO Leads Top Coins, Registers 6% Gains In One Day As of this writing, Bitcoin (BTC) trades at $26,500 with a 2% profit in the last 24 hours. In the previous week, BTC recorded a 2% loss. In contrast, other cryptocurrencies in the top 10 by market cap recorded similar price action except for Binance Coin (BNB), which recorded a 14% loss over the same period. Positive Outlook For Bitcoin Price? According to analyst Ali Martinez, the price of Bitcoin could see further appreciation. Over the week, the cryptocurrency has retraced but stayed above critical resistance. Despite the unfavorable and uncertain macro conditions and regulatory environment, crypto market investors continue to battle to determine a clear direction. In this context, Martinez stated the following for BTC’s price using the TD Sequential Indicator, as seen in the chart below: The TD Sequential presents a buy signal on the hourly chart, which could see $BTC rebound to $27,000 – $27,300. Still, #BTC must avoid an hourly close below $26,360 because it could lead to a downswing to $25,800. Despite the forecast, uncertainty could be the most critical factor, rendering the buy sequence ineffective. A break above the $27,000 to $27,300 levels could hint at a positive outlook for BTC traders in the short term. Conversely, $26,000 and $26,300 are still critical support levels, as the 200-weekly moving average (WMA) sits around that area. Bulls must defend this average to prevent the price from declining further, possibly into the low $20,000. As a positive sidenote, the spike in volatility in the previous trading sessions contributed to a cleanse in Open Interest (OI). Per a separate analysis, over $800 million in OI was wiped out as BTC took liquidity in both directions. Related Reading: SEC Files Emergency Action Application To Freeze Binance.US Assets Often, when OI is taken out and overleveraged positions are closed, the market is less incumbent to trend in a single direction. A pseudonym analyst stated: We’ve seen quite the volatility over the past 48 hours. In total, we’ve seen over $800M+ in Open Interest being wiped out during this time. High leverage has been flushed out towards both sides. Liquidity taken. Up to spot to take determine the direction from here. Cover image from Unsplash, chart from Tradingview

Bitcoin 24-Hour Volatility Soars, Why Bulls Could Win Fight In Short-Term

In a move to streamline its buy, sell & convert service, Binance.US has announced a reduction in the number of supported convert trading pairs, bringing the total to 226.

Binance.US pauses OTC trading, removes numerous trading pairs

Gather ’round, ye internet dwellers and basement warriors! It’s time to strap in and take a wild plunge into the deliciously chaotic world of Degens & Dragons. The pre-Mint Sale to get into the tournament starts on June 8th. We’re talking about a Web3 project where decorum is left at the door, and survival is […]

Orange Comet Labs Unleashes Degens & Dragons Game

"It does give us that legal certainty that we needed, but it’s just really a part of the story," Kraken's EU policy head said.

Will MiCA Jumpstart Crypto in EU? It's ‘Too Early To Tell’, Says Circle

According to blockchain data, centralized exchange volumes have fallen to an all-time low, with DEXs rising in popularity in the cryptocurrency market.

Centralized Exchange Volumes Hit Record Low, Kraken Outage, Binance.US Faces Difficult Times

Investors are left wondering whether this rally is a mirage as they await the Fed's next interest rate decision on June 14.

Dr. Komal Sri-Kumar, president of Sri-Kumar Global Strategies, sits down with Maggie Lake to discuss the Bank of Canada's historic rate hike, what it could mean for the next Fed decision, and why the bond market is sending a very different message from equities. 

In the second half of today's extended show, we'll dive into the current market risks and how investors can protect themselves.
You can find more of Dr. Sri-Kumar's work here: https://t.co/ozsbAS3qSB

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Pause, Skip, or Hike? with Sr. Sri Kumar

Tucker Carlson just returned to Twitter with a brand new show. In his first show since leaving Fox News Tucker took aim at Ukraine's corrupt president, main stream media propagandists, and gives us a glimpse into why he was silenced at Fox. Patrick Lancaster joins us with an execlusive report from the Belgorad region which has been under constant shelling over the past few days. 

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Lightning for businesses is a talk moderated by Austin Mitchell - Synota with panelists Graham  Krizek - Voltage & Alex Leishman - River

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I have impersonators all over social media pretending to be me, so they can get something they want from you whether thats your phone number for SIM Swaps, BTC or ETH for project reviews they cant offer or whatever. If I'm reaching out to you anywhere on the web, chances are HIGH that it's not really me unless I live video verify via Zoom. I'll say your name live, maybe even sing a song. 

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Intro Credit: https://twitter.com/naiivememe/status/1666313083638398976

⏰ *Timestamps:*
0:00 Intro
2:05 Bitcoin Analysis
6:15 SEC Escalates Case
7:33 DeFi Surges!
9:05 Cramer x Gensler
10:56 Coinbase Fights Back
12:50 Yellen on Crypto
14:28 Senators Unite!
15:24 Final Thoughts

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Watch previous BTC video: 
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Watch this video again because it's awesome: 
https://youtu.be/YR9qbTQ0-qM

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