Global #cryptocurrency

Shiba Inu (SHIB) has been grappling with a persistent downtrend since March, leading to a significant erosion of investor confidence. This prolonged decline has seen many investors retreat from the asset, resulting in diminished trading volumes and market activity.

In the global push to regulate cryptocurrencies, Ghana has emerged as a proactive player by drafting new guidelines for digital assets.

In a landmark decision, the Dubai Court of First Instance has recognized salary payments in cryptocurrency as valid under employment contracts, marking a significant shift in the UAE’s judicial approach to digital currencies.

Recently, Turkey’s regulatory authorities updated the list of firms applying for crypto business licenses, increasing the count from 47 to 76. This expansion sees heavyweight additions such as Coinbase, KuCoin, and Gate.io joining already approved major exchanges like Binance, Bitfinex, and OKX.

In a groundbreaking decision, the Dubai Court of First Instance has validated the use of cryptocurrency for salary payments under employment contracts. This ruling marks a significant departure from previous judicial attitudes, signaling a growing acceptance of digital currencies within the UAE’s legal and economic landscape.

U.S. Senator Ted Cruz has notably increased his investment in Bitcoin, as revealed in his recent official financial disclosure dated August 13, 2024. Cruz's Bitcoin holdings have surged to as much as $100,000, demonstrating a significant escalation from his initial investment made on January 25, 2022.

​Ethereum (ETH) has recently been trading 25% above its eight-month low of $2,112, which was reached on August 5, 2024. Despite this rebound, notable analysts are suggesting that the altcoin may face significant downward risks in the near future.

Recent election disclosures have shed light on former President Donald Trump’s significant involvement in the cryptocurrency and NFT markets. According to filings, Trump holds between $1 million and $5 million in Ether (ETH).

In a notable shift towards digital asset investments, South Korea’s National Pension Service (NPS) has acquired 245,000 shares of MicroStrategy, valued at $33.75 million, during the second quarter of this year.

Recent data from Arkham Intelligence reveals a significant transaction involving 10,000 BTC, valued at approximately $600 million, which has been transferred to Coinbase Prime, the institutional arm of the well-known cryptocurrency exchange.

Alabama Representative Mike Shaw, R-Hoover, has announced his intent to introduce legislation aimed at regulating cryptocurrency and blockchain technology in the state.

Ethereum (ETH) is currently exhibiting several bearish signals, driven by technical analysis, on-chain data, and recent market activities. The cryptocurrency has recently crossed a crucial resistance level and is now trading at $2,622, marking a 4% decline over the past 24 hours.