Altcoin News by Thebittimes.Com

U.S. Securities and Exchange Commission (SEC) chair Gary Gensler continues to draw the ire of Republican lawmakers who support cryptocurrency. Tom Emmer, the majority whip in the U.S. House of Representatives, and Ohio Congressman Warren Davidson, are sponsoring a legislative effort aimed at removing Gensler from leadership. The legislation seemingly addresses worries about the commission’s priorities and Gensler’s scrutiny of crypto-related companies. In June, Emmer announced support for Davidson’s SEC Stabilization Act—a significant move toward restructuring the SEC. The bill aims to remove Gensler from office, citing concerns about his leadership and the SEC’s structure. Emmer and Davidson say they are acting to support American investors and efficient capital market functioning. The SEC Stabilization Act introduces key provisions to address these concerns: it proposes an additional sixth commissioner and the creation of an Executive Director oversee...

Cardano (ADA) price is near $0.37, a key support area for the coin as altcoins decline.  An analyst says the 4-hour chart shows a potential buy signal for ADA. A rebound for Cardano could also be helped by a flip in on-chain metrics. As cryptocurrencies pulled back on Monday, Cardano ( ADA ) saw its price drop below $0.38 again, pushing the altcoin to a support level seen as price s rose last week. But is ADA poised for a rebound? A crypto analyst shared the forecast below on X. Analyst points to ADA buy signal While the overall declines across the market might see sellers attempt at extending their grip, a crypto analyst says a potential buy signal for ADA is formed on the 4-hour chart. What technical indicators support the analyst’s take? Here’s the prediction. “ Look how the 100-EMA on the 4-hour chart has acted as a rebound zone for $ ADA while the $0.396 level acts as a stiff resistance ,” Ali noted in a post on X. ...

The ‘Stand With Crypto’ initiative, backed by Coinbase, has quickly garnered the support of over 100,000 individuals aiming to amplify the voices of crypto advocates in policy discussions across the United States. In the past few weeks, more than 100,000 people have joined ‘Stand With Crypto‘, an initiative supported by Coinbase, to advocate for cryptocurrency in the United States. The nonprofit’s website allows users to get in touch with policymakers and help understand their individual views on crypto. So far, 80,000 individuals have donated more than $2 million to support the cause. Half of the donation came from Coinbase CEO Brian Armstrong. All in 2 months: 100K+ crypto advocates mobilized. Congress contacted 16K+ times. Founders visited DC, advocating for pro-crypto policies. Momentum’s growing and we’re just getting started. Join the movement https://t.co/FAvYNzkmox  #StandWithCrypto pic.twitter.com/oRA3xisnft — Stand With Crypto️ (@standwithcry...

Atari has teamed up with Pixels.com for physical NFT artworks and Investopedia has given a rundown on NFT tax law. NFT music on Winamp Old school classic PC-friendly media player Winamp has rolled out support for Ethereum and Polygon-based music nonfungible tokens (NFTs) in the latest update of its desktop player. Winamp has been around since 1997 and was one of the most popular media players for PC users but has since been overtaken by Windows Media Player and Apple’s dominant iTunes. It has a reputation for support ing a wide range of media files, and in the latest update announcement on Dec. 7 the Winamp team noted that NFT support is officially live and ready to go. @winamp I have fond memories of Winamp from back in my youth. Are we ever going to see a official integration with @Spotify? I'd love some sweet early 2000's visualizations with my beats — Sjoerd Stottelaar (@sjoerds) December 6, 2022 Users can now connect their Metamask wallets from a host of browser...

On October 22, the bullish trend starts at the support price of $4.33. And since then, the bullish momentum increases on a daily basis. But the bulls market hits its peak on October 30 and 31 when the market changes direction in favour of the bears. However, the bearish price did not go too far as PancakeSwap bulls were able to quickly find new support at $4.45 on November 3. Then, bulls target the $5.000 price level. PancakeSwap Market Price Statistic: CAKE/USD price now: $4.616  CAKE/USD market cap: $706,590,793  CAKE/USD circulating supply: 144,263,606.18  CAKE/USD total supply: 341,497,183  CAKE/USD coin market ranking: #66 Key Levels Resistance: $5.000, $5.500, $6.000 Support: $4.000 $3.500, $3.000 PancakeSwap Market Price Analysis: The Indicators’ Point of View The Bulls market is able to maintain the price above the Simple Moving Average of the Bollinger indicator. The current price which is around $4.616 is the place where the bulls wi...