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DOGE, the native cryptocurrency of the Dogecoin blockchain, continues to consolidate near the $0.10 per token mark, despite a rise in trading volumes since the start of the week. According to CoinGecko, Dogecoin trading volumes were around $800 million in the last 24 hours. Meanwhile, according to TradingView citing Binance exchange data, the number of Dogecoin tokens traded on Monday hit its highest level since last Wednesday of above 134 million. Compared to Dogecoin trading volumes prior to Elon Musk’s recent takeover of Twitter in late October, that is elevated. Prior to the takeover, Binance trading volumes (as per TradingView) were routinely in the 10-30 million tokens per day range. But compared to recent weeks, where daily trading volumes have been in 100s of millions of tokens, Monday’s volumes aren’t anything to shout home about. Indeed, normal volumes are in fitting with Dogecoin’s price consolidation – trading volumes usually...

Source: AdobeStock / VideoFlow Dubai, a jurisdiction in the United Arab Emirates (UAE), prohibited by law the issuance of privacy coins such as monero (XMR) and zcash (ZEC), as well as any activity related to them. According to the new set of crypto regulations,  "The issuance of Anonymity-Enhanced Cryptocurrencies and all VA Activity[ies] related to them are prohibited in the Emirate." The regulator defines these "Anonymity-Enhanced Cryptocurrencies" as "Means a type of Virtual Asset which prevents the tracing of transactions or record of ownership through distributed public ledgers and for which the VASP has no mitigating technologies or mechanisms to allow traceability or identification of ownership." The document titled 'The Virtual Assets and Related Activities Regulations 2023' was published on February 7, stating that it set out the regulatory framework governing virtual assets and all related activities in the nation, ...

Source: Allexxandarx/Adobe South Korea has taken a major step towards bringing crypto into the mainstream as the country’s main financial regulator introduces new guidelines on security tokens. Under the new guidelines, security tokens, defined as financial assets issued by a centralized party and tokenized on a blockchain, will be brought into a regulated environment with the same rules that applies to the country’s traditional financial market. The new guidelines were published by South Korea's Financial Services Commission (FSC) on Monday. Stablecoins exempted According to FSC, stablecoins will not be defined as security tokens under the new rules. It is also clear that tokens with no centralized issuer, in other words those that are sufficiently decentralized, will fall outside the scope of the new regulations. “[…] digital assets corresponding to securities must be issued and distributed in compliance with all securities regulations unde...

Source: TradingView The terra luna classic price has dropped by 3.5% in the past 24 hours, falling to $0.00018462 following losses for the overall cryptocurrency market this weekend. Its current price represents a 5% gain in a week and an 18% increase in the last 30 days, with the altcoin benefitting from a number of proposals from the Terra Luna Classic community to boost its price. And with LUNC's 24-hour trading remaining elevated at just over $150 million, there remains enough liquidity for the coin to witness further gains in the near term. Of course, it may need to correct downwards a little further before it resumes rising. Terra Luna Classic Price Prediction as $150 Million Trading Volume Comes In – Here are Key Levels to Watch LUNC's indicators suggest that the token may have to fall a little before rising again. Its relative strength index (purple) teeters around the 50 mark, having dropped to nearly 30 over the weekend, suggesting that it has mo...

Source: TradingView The XRP price has gained by 1% in the past 24 hours, reaching $0.402474 after Ripple published its Q4 Markets Report. Its current level marks a 3.5% increase in a fortnight and an 18% rise in the last 30 days, with Ripple's latest report revealing that it sold just over $220 million in XRP in the fourth quarter, helped by demand for its on-demand liquidity product. While these positive results have barely nudged the XRP price (at least for now), they indicate that demand for Ripple's services -- and for XRP -- is strong even as the company remains embroiled in its long-running legal battle with the SEC. And with this case entering its end phase, such demand could increase exponentially if Ripple secures a positive outcome. XRP Price Prediction as Ripple On-Demand Liquidity Product Surpasses $200 Million XRP Tokens Sold – XRP Pump Incoming? XRPs chart reveals an altcoin that may be about to rally. After beginning a decline towards 50, its ...

Source: AdobeStock / kaliantye The latest report by the security-focused ranking platform CertiK revealed two individuals behind a several-million-dollar-heavy scam – and there is a twist to the duo’s partnership. The report explained that “a number” of scammers had been using a phishing kit known as ‘Monkey Drainer’ over the last couple of months. This type of scam uses the technique called ‘ice phishing’, tricking users into giving the fraudsters full access to their funds. Now, says CertiK, thanks to a November 2022 incident, two wallets used by two scammers in this type of fraud have been discovered – and this revealed two names: Zentoh and Kai. The platform stated that, “Our investigation has determined with a high degree of confidence Zentoh and Kai were behind a fake Porsche NFT website. This site, which utilized the Monkey Drainer tool, was active for approximately two weeks through mid to late Nove...

So far 2023, Bitcoin (BTC) is seeing an impressive 40% YTD return rate and briefly crossing back above $23,000; suggesting that it may be leaving its bear phase from 2022 behind. Can it continue its winning streak, and if not, what are some of the other best cryptos to buy today? Increased capital inflow and a wave of enthusiasm from retail investors seems to have overshadowed any fears about regulations or bankruptcies, as Bitcoin could be seeing the first signs of being a hedge against a weakening dollar as investors jump back into risk assets. Even though governments are implementing rules for cryptocurrencies on a global scale, there still remains optimistic sentiment towards Bitcoin and other cryptos, and perhaps even some relief that regulatory clarity is around the corner. In the current thriving market conditions, what are some of the best cryptos to buy today? Based on fundemental and/or technical indicators, MEMAG, APT, FGHT, AXS, and CCHG may be worth t...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com . Revolutionary new move-to-earn fitness platform FightOut’s token presale just hit a massive milestone. The crypto start-up has now raised a massive $3.03 million via the sale of its FGHT token. FGHT is the token that will power FightOut’s web3 ecosystem and investors need to move quickly if they want to secure their tokens before the price goes up. According to FightOut’s website, investors only have five days to get tokens at the cheapest presale price of 0.0166 USDT. After five days, the price will begin gradually rising to a maximum price of 0.0333 USDT when the presale ends on the 31 st of March. 0.0333 is the price that FGHT will then list on centralized cryptocurrency exchanges (CEX) in early April. FightOut has already secured listings with LBank Exchange and BitForex. Investors who get ...