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According to Dune Analytics, OpenSea, the NFT (irreplaceable) marketplace, hit a record $261 million in one-day trading volume in January. The platform also boasts a record 546,000 active users. Benjamin Cohen, managing partner of cryptocurrency fund Web 3 Equities, told Blockworks that when markets expand this fast, it’s reasonable to predict [it] will see huge volatility and corrections. Investors may also be scared off by allegations that the U.S. Securities and Exchange Commission is investigating…

Ripple scored another major victory on Friday as U.S. District Court Judge Analisa Torres denied the SEC's motion to strike Ripple's fair notice defense. As Zy Cryptocurrency reported, the SEC filed a motion last April to strike down Ripple's "make-or-break" fair notice defense, which was designed to allow the court to force the SEC to use some information through a discovery order and prove that the agency "provided Ripple with fair notice that its issuance…

South Korea elected a new president on Wednesday (9), according to the Associated Press. Yoon Seok-yeol of South Korea's Conservative Party won the election. Yoon is a former prosecutor and a staunch cryptocurrency enthusiast – a topic that has dominated the presidential campaign. Among his campaign promises, Yoon has pledged to raise the threshold for the cryptocurrency capital gains tax exemption. In addition, the presidential election has now promised to lift the cryptocurrency cargo industry.…

According to blockchain analytics firm Kaiko, bitcoin ruble trading volume reached its highest level so far this year last week. The overall traffic looks very small compared to Bitcoin’s usual daily volume of $2-40 billion, at around $14.2 million. The majority of the volume associated with Russia appears to be personal hoarding. She explained that this uptake of bitcoin is particularly relevant to the retail sector, where they are actively buying in small quantities. While…

This week, it became known that Goldman Sachs, one of the world's largest investment banks, plans to launch new cryptocurrency services. These will be available to their high value investors and will gain access to bitcoin and ethereum. It is basically a Goldman Sachs options market. It is designed to manage the risk and increase the return of these portfolios (which are essentially volatile). The bank has also filed with the SEC for an Ether…

The cryptocurrency industry has been under tremendous pressure following the sanctions imposed on Russia by the United States and other Western countries. As regulators became concerned about Russia's use of cryptocurrencies to avoid these sanctions, Chainalysis developed tools to ensure that companies could monitor the sanctions and comply with the regulations. Monitoring Sanctions in Cryptocurrencies Chainalysis has released a statement discussing two tools used to monitor the implementation of sanctions. One of the tools is…

The price has again reached the downtrend line, from which we can expect a rebound and a break above the 0.75 level. Sell scenario: A conservative trader can wait until the level is broken and then go short. Riskier traders can trade a bounce off the trend line. —————– ——— Remember, there is no place for luck in trading – only strategy Thank you for the like and the review. [TRADEVIEW]

A group of countries led by the United States is redoubling its efforts to prevent Russia from using cryptocurrencies to evade sanctions. President Joe Biden and G-7 leaders announced new economic measures to further isolate Russia from the global financial system and reduce its economy to "junk status," according to a White House briefing Friday. These actions are expected to increase pressure on Putin to halt his ongoing offensive against Ukraine, which includes revoking Russia's…

XRP, one of the millennial projects in the cryptocurrency space that is considered a cryptocurrency for bankers. In the process of hitting its previous all-time high, the token has struggled to return to that level due to concerns about whether the asset should be considered a cryptocurrency or a security. Earlier last year, the U.S. Securities and Exchange Commission filed a lawsuit against the company. However, while the ruling is still ongoing, the company behind…

ETH likely to end with modest gains despite plunge from weekly high of $2,774The ETH/USD exchange rate is $2,580, up nearly 1% in the last 24 hoursETH pledges in Ether 2.0 contracts have passed the $10 million mark The entire cryptocurrency market fluctuates between panic selling and buying on the downside, and remains sensitive to geopolitical developments. Ether remains under pressure after further heavy buying on the downside as more and more investors hold on…