Bitcoin, despite being in a downtrend, is actually in a healthy position based on fundamental analysis. A recent study by crypto analyst Kaleo indicates that Bitcoin is displaying more positive dynamics compared to the previous halving cycle. This perspective is quite intriguing given Bitcoin’s struggle to maintain stability above $54,000 and breach the $57,000 mark.
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Lawmakers have raised concerns about the Securities and Exchange Commission (SEC) engaging in politically motivated hiring practices. The joint investigation was initiated by Judiciary Committee Chairman Jim Jordan (R-Ohio), Financial Services Committee Chairman Patrick McHenry (R-N.C.), and Oversight and Accountability Committee Chairman James Comer (R-Ky.). They are seeking to determine whether the SEC violated federal
Bitcoin (BTC) has recently shown signs of a resurgence, with significant price spikes indicating a potential upturn in the market sentiment. As the cryptocurrency retests the $57,000 level, this newfound momentum could potentially lead to a positive price rally, opening the door for further gains in the Bitcoin market. On Tuesday, September 10, Santiment, a
The recent introduction of the Property (Digital Assets, etc.) Bill by the Law Commission of the United Kingdom Parliament marks a significant milestone in the realm of property law. This groundbreaking legislation seeks to recognize digital assets such as crypto, non-fungible tokens (NFTs), and carbon credits as personal property under British law. This move is
Dogecoin (DOGE) is once again facing a critical juncture in its price action after being rejected at the $0.09149 level. This rejection has led to a pullback towards a key trendline, placing the cryptocurrency in a pivotal position. As market watchers eagerly await the outcome, the question remains whether the bulls can regroup and spark
SEC Commissioner Hester Peirce has been vocal about her concerns regarding the SEC’s Staff Accounting Bulletin No. 121 (SAB 121). In a recent speech by SEC Chief Accountant Paul Munter, it was reiterated that the Commission’s stance on SAB 121 has not wavered. Despite the increasing attention on the regulation, the SEC staff maintains that
In response to the hack on WazirX’s systems on July 18, leading global auditor Grant Thornton conducted a comprehensive review of Liminal’s infrastructure. The incident prompted Liminal to launch an internal investigation and engage independent auditors to assess potential vulnerabilities within its own platform. Despite the losses of over $235 million, the firm confirmed that
Bitcoin’s price has recently shown signs of improvement as it surged above the $55,500 resistance level. This positive momentum has led to consolidation, with the potential for further gains if the $58,000 resistance is cleared. The cryptocurrency is currently rebounding from the $52,500 support zone and is trading above $55,500, supported by the 100 hourly
The cryptocurrency exchange industry in the US has witnessed significant changes in recent months, with Coinbase experiencing a sharp decline in market share. According to a report by research firm Kaiko, Coinbase, which dominated over half of the US crypto market earlier this year, has seen its market share fall to 41% in early September,
In a groundbreaking move, the US Securities and Exchange Commission (SEC) imposed a staggering $4.68 billion in fines against crypto companies in 2024. This marked the most aggressive regulatory year in the agency’s history, with the total fines levied since 2013 amounting to $7.42 billion. The significant increase in fines in 2024, accounting for 63%