Latest news with #CardanoADA
Yahoo
03-06-2025
- Business
- Yahoo
Japan Drives Cardano Trading Surge as Price Battles $0.70 Resistance
Geopolitical tensions and regulatory uncertainty continue to shape cryptocurrency markets as Cardano ADA experiences volatile price action between $0.664 and $0.690. Despite strong network fundamentals, including surpassing 110 million total transactions, ADA faces downward pressure amid broader market concerns about inflation and monetary policy decisions. Technical Analysis ADA-USD exhibited a volatile 24-hour trading range of 0.026 (3.85%), forming a consolidation pattern between $0.664 and $0.690. Significant resistance encountered at $0.690 with high-volume rejection during the 01:00 hour. Strong support established at $0.665 with notable buying pressure emerging at the 10:00 and 12:00 hours. 4-hour moving average suggests a slight bearish bias, with price currently testing mid-range level around $0.672. Clear resistance zone formed around $0.676, with peak volume during the 13:36-13:40 period. Pullback to $0.668 at 14:00 established a new support level, with immediate buying pressure pushing prices back above $0.671. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Yahoo
30-05-2025
- Business
- Yahoo
Fastex Expands U.S. Presence With Los Angeles Office
Fastex, a Dubai-based crypto exchange, is expanding its presence in the U.S., building out an office in Los Angeles, California. According to a Thursday announcement, Fastex will offer spot crypto trading services of tokens including bitcoin BTC, ether ETH, Cardano ADA, Solana SOL and its native utility token, Fasttoken FTN, to both retail and institutional investors in the U.S. Fastex's American expansion comes as the U.S. continues to overhaul its approach to crypto regulation under President Donald Trump's administration. Since Trump took office in January, the U.S. Securities and Exchange Commission (SEC) has retreated from the so-called regulation-by-enforcement approach to crypto it took under former Chair Gary Gensler, dropping a host of open investigations and closing ongoing litigation against crypto exchanges. In an interview with CoinDesk at Bitcoin 2025 in Las Vegas, Fastex's Chief Legal Officer and board member Vardan Khachatryan said that the SEC's softened stance toward crypto regulation played a major role in the exchange's decision to expand in the U.S., though he acknowledged that there is still no concrete legal framework for crypto in the country. 'There has been enough of a policy change, at least in terms of [how the U.S. government is] viewing things, that allowed us to go for this,' Khachatryan said. 'It's still kind of a risk, but it's a lower risk.' With a host of crypto companies returning to the U.S. due to the Trump Administration's crypto-friendly policies, cities like New York are hoping to attract companies expanding to the U.S. to set up shop in their jurisdictions. But, while Khachatryan said New York would be 'the right place to be in terms of headquarters,' he said that, for now, the prospect of obtaining a BitLicense — the notoriously difficult-to-obtain crypto license issued by the New York Department of Financial Services (NYDFS) — is prohibitive. 'I hope that things will change a bit,' Khachatryan said. New York City Mayor Eric Adams, who has branded himself the 'Bitcoin Mayor' in an attempt to lure crypto companies to New York, called for the end to the BitLicense regime during a speech at Bitcoin 2025 in Las Vegas on is currently headquartered in Dubai, in the Dubai International Financial Centre (DIFC). Khachatryan said the exchange is currently working on obtaining a license from Dubai's Virtual Assets Regulatory Authority (VARA). After expanding in the U.S., Khachatryan said the exchange also has its eyes on a Latin American expansion, starting with Brazil, followed by Argentina and Mexico. Inicia sesión para acceder a tu cartera de valores
Yahoo
28-05-2025
- Business
- Yahoo
EToro Adds DOGE, XRP, SHIB and 9 Others in U.S. Crypto Push After Nasdaq Debut
Trading platform eToro (ETOR) has expanded its crypto offerings in the U.S., adding 12 new digital assets including Dogecoin DOGE, Cardano ADA and XRP XRP, the company said Wednesday. The additions bring the total number of cryptocurrencies available to U.S. users to 15. The new tokens also include Aave AAVE, Chainlink LINK, Compound COMP, Ethereum Classic ETC, Litecoin LTC, Uniswap UNI, Stellar XLM, Shiba Inu SHIB, and Yearn Finance YFI. Previously, U.S.-based users could only trade Bitcoin BTC, Bitcoin Cash BCH and Ethereum ETH on the platform. The move is part of eToro's push to widen its footprint in the U.S. market and to meet retail demand and match offerings from larger players like Coinbase (COIN) and Robinhood (HOOD). The announcement comes just weeks after eToro made its public debut on Nasdaq, marking the first U.S. crypto firm to go public after months of trade tensions and shaky markets. Stablecoin issuer Circle, who has long had plans to go public, filed for its initial public offering on Tuesday. Despite the turbulent macro backdrop, eToro's IPO was well-received. The company raised around $310 million, surpassing expectations and signaling investor interest in the combined stock and crypto trading platform model. Shares are modestly lower on Wednesday at $64.15, but remain nicely above the IPO price of $52. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
