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On June 12, 2023, eToro US announced significant changes to its cryptocurrency offering for US customers in response to the rapidly evolving regulatory landscape. eToro, a social trading and multi-asset brokerage company, is renowned for its platform that enables users to observe, copy, and execute their own trades.
Leading retail trading platform eToro has announced a temporary halt on the purchase of four cryptocurrencies, Algorand (ALGO), Decentraland (MANA), Polygon (MATIC), and Dash (DASH), for its customers in the United States. The decision comes in response to recent lawsuits by the United States Securities and Exchange Commission (SEC) that label these tokens as securities.
The social trading and investment company Etoro declared on Monday that starting July 12, 2023, U.S. customers would be unable to initiate new trades for ALGO, MANA, DASH, and MATIC. The company cited the “rapidly evolving regulatory landscape” as the reason behind the delistings.
eToro emphasized that the changes will only affect U.S. customers and assured its commitment to the crypto industry.
The firm said it remains a “supporter” of the crypto sector and suggested that the move was purely to avoid any potential regulatory non-compliance.
The brokerage eToro is cutting off US customers from four crypto tokens newly deemed securities by the SEC.
The move follows a similar pull-back from stock and crypto trading app Robinhood.
The move follows a similar pull-back from stock and crypto trading app Robinhood.
Stock and crypto trading platform eToro said in a June 12 email shared with CryptoSlate that it would limit access to certain crypto positions for users in the U.S. In its message, eToro said that users based in the U.S.
The MANA Price crash serves as a stark reminder of the potential consequences of regulatory scrutiny.
Top Artificial Intelligence-based Coins are trading in red as the entire crypto market slumps amid the ongoing regulatory turmoil. AI crypto tokens, which have gained popularity recently, are basically digital assets that users can leverage to get access to AI technology.
Decoupling from the broader market sentiment, the Metaverse coin has experienced significant growth for nearly two weeks. These meta coins on a recovery streak are gradually reclaiming higher ground, offering traders the opportunity to take long entries.
Metaverse tokens, including The Sandbox (SAND) and Decentraland (MANA), rose as much as 6% in the past 24 hours, amid rumors of Apple Inc‘s (NASDAQ:AAPL) possible entry into the world of virtual and augmented reality headsets.
As anticipation surges ahead of the annual Apple Worldwide Developers Conference (WWDC), whispers of the potential unveiling of Apple's extended reality (XR) headset are creating a palpable sense of excitement. Apple's XR headset is expected to transform the tech giant's legacy radically, setting a new benchmark for the rapidly evolving world of consumer technology.
The Metaverse has experienced subdued interest since its peak in 2021, causing cryptocurrencies related to it to experience sharp falls. However, these three cryptocurrencies have interesting formations that could lead to future price increases.
In today's crypto market analysis, we spotlight the tokens making significant strides and those navigating through challenging waters. Today's victors include SingularityNET (AGIX), Kava (KAVA), Injective Protocol (INJ), XinFin Network (XDC), and Blockstack (STX).
In a week filled with positive developments, the metaverse market has witnessed a surge in value, with various metaverse tokens experiencing notable gains ranging from a solid 2% to an astounding 28%.
News inside the crypto market: prices, analysis, performance and latest news on SpongeBob (SPONGE), Decentraland (MANA) and Amp (AMP) coins below.
Today's cryptocurrency market features Render Token (RNDR), Synthetix (SNX), Mask Network (MASK), Axie Infinity (AXS), Optimism (OP), and Lido DAO Token (LDO) as the top gainers. On the contrary, Pepecoin (PEPE), Conflux (CFX), Casper (CSPR), Ripple (XRP), Decentraland (MANA), and Toncoin (TON) are on the losing end.
Decentraland (MANA) price gained 12% in the past week. Will Apple's recent Metaverse play trigger a more bullish MANA price action?
Decentraland (MANA) is currently ahead of the rest of the crypto market after seeing almost double-digit gains in the last day. This incredible recovery comes at a time when the broader crypto market is following in the steps of Bitcoin and shedding most of its first quarter's gains.
The cryptocurrency market saw net outflows of $2.6 billion over the last 24 hours and currently stands at $1.12 trillion — down 0.2% from $1.13 trillion. During the reporting period, the Bitcoin (BTC) and Ethereum (ETH) market caps fell 0.6% and 0.4% to $520.51 billion and $217.14 billion, respectively.
Decentraland (MANA) is visibly leading the altcoin charge today following its meteoric price growth over the past 24 hours. Within that time frame, the metaverse-focused token has jumped by 10.26% atop a spot price of $0.5193, sending a very bullish signal to the broader ecosystem that imbued utility can always propel a token to new heights.
In the constantly shifting landscape of the cryptocurrency market, Decentraland (MANA), Render Token (RNDR), Optimism (OP), Ripple (XRP), The Sandbox (SAND), and Conflux (CFX) have outperformed others and emerged as today's top gainers. On the other hand, Kava.io (KAVA), XinFin (XDC), Bitcoin SV (BSV), Flare (FLR), and Rocket Pool (RPL) have seen the other side of the market and faced losses.
