Ethereum’s price is currently attempting to recover from the $2,400 zone, but faces a significant challenge at the $2,550 level. In order to continue moving higher in the near term, ETH must successfully clear this resistance point. After experiencing losses and testing the $2,400 support, Ethereum started a recovery wave above the $2,450 level. The
Bitcoin, the leading cryptocurrency in the market, has experienced significant declines in its price recently. Despite initial expectations of a bullish run, Bitcoin has struggled to maintain its price above the $60,000 threshold. The prolonged bearish performance of Bitcoin has raised concerns among crypto analysts, with some predicting a potential crash below $40,000. A crypto
Recently, the US Securities and Exchange Commission (SEC) charged and settled with hedge fund Galois Capital Management LLC over a private fund managed by the firm that primarily invested in crypto. This statement was published on Sept. 3. The SEC charges are related to Galois Capital allegedly failing to comply with client asset safeguarding requirements,
The recent actions of the Nigerian government towards Tigran Gambaryan, the detained American executive of Binance, have sparked outrage and condemnation from Binance CEO Richard Teng. The treatment of Gambaryan, as highlighted in a viral video, has raised serious concerns about his well-being and the lack of compassion shown by the authorities. In the viral
WazirX has surprised its users by starting the second phase of its fiat currency withdrawal process well before the initial target date of Sept. 9. This move comes as a result of a major security breach that rocked the exchange, leading to the loss of over $230 million in user assets. CEO Nishal Shetty took
US Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda recently addressed the need for specialized S-1 registration forms specifically tailored for digital asset securities. Speaking at the Korea Blockchain Week 2024 event on Sept. 3, Uyeda emphasized the importance of updating the SEC’s regulatory tools to better address the unique features of digital assets.
The recent drop in the XRP price to $0.55 can be attributed to various factors, one of them being Ripple’s token unlocks. According to Whale Alert, Ripple unlocked a total of 1 billion XRP tokens ($559 million) from its escrow wallet on September 1. This monthly token unlock consists of 500 million XRP, 200 million
Congressman Wiley Nickel from North Carolina has taken a bold stance against the US Securities and Exchange Commission (SEC), accusing the agency of eroding trust in the regulatory system through its “regulation by enforcement” tactics. Nickel’s recent social media post condemned the SEC’s approach as a “blatant abuse of power” that could potentially stifle digital
The US Securities and Exchange Commission (SEC) recently filed a document expressing its concerns regarding the proposed repayment plan in the ongoing FTX bankruptcy case. The plan, which involves repaying creditors using stablecoins or other digital assets, has raised red flags for the SEC. By reserving the right to challenge these transactions under federal securities
Bitcoin has shown signs of recovery after experiencing a downward trend. The price started to rise from the $57,200 zone, signaling a potential bullish movement. However, there are key resistance levels at $60,200 and $61,150 that the cryptocurrency might struggle to surpass. The hourly MACD for Bitcoin is now gaining momentum in the bullish zone,