Law • August 7, 2024 4:20 PM EDT Posted 1 minute earlier In ~ Ripple will pay $125 million in fines as part of a years-long lawsuit with the U.S. Securities and Exchange Commission, according to court documents.“The SEC’s motion to enter a final judgment and relief is granted in part and denied in part,” the filing, signed by Judge Analisa Torres, reads. “The court enters a final judgment enjoining Ripple from further violations of the securities laws and imposing a civil penalty of $125,035,150.”In July, Ripple CEO Brad Garlinghouse said he expected the outstanding legal issues to be resolved…
Author: Crypto Flexs
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The recent decline in Bitcoin (BTC) on August 5 has wiped out several leveraged trades. Trading firm QCP Capital believes that Bitcoin and Ether (ETH) may have bottomed out in the short term due to panic selling. “It may be time to think about accumulating BTC and ETH spot,” QCP told subscribers to its Telegram channel.However, some other analysts have a different view. According to Markus Thielen, head of research at 10x Research, a good entry point for Bitcoin could be in the low 40,000s, where a major rally is likely to be attempted. Likewise, David Gokhstein, founder of Gokhstein…
Rebecca Moen 08:48 Aug 7, 2024 The Market Corruption Tribunal has found the former chairman and CEO of China Forestry Corporation guilty of false disclosure and insider trading. The Market Fraud Tribunal has found the former chairman and former CEO of China Forestry Holdings Company Limited guilty of market fraud. According to apps.sfc.hk, the tribunal concluded that both executives were responsible for false or misleading information disclosure and insider trading. Misdisclosure and insider trading The court found that the former chairman and CEO intentionally provided false or misleading information to the market. This misconduct…
Chinese investors are finding innovative ways to tap into the digital assets markets and participate in some of the year’s most profitable trends despite Beijing’s ban on cryptocurrency trading. The government has banned crypto amid a blaze of publicity numerous times, including a 2013 ban on banks dealing in crypto, a 2017 ban on initial coin offerings and exchanges, followed by a trading and mining ban in 2021. Despite this, accessing cryptocurrencies in the mainland isn’t that difficult, pseudonymous investor Lowell tells Magazine. Lowell is a recent university graduate who describes herself as a full-time cryptocurrency trader. She had the…
TL;DR (concentrated takeaways)Crypto key management involves understanding and protecting your crypto wallet keys.Key management also includes protecting the various mechanisms (like passwords) that can provide access to your crypto wallet keys.Consider all of the accounts and mechanisms that are used to gain access to your keys both in your wallet(s) and in all backup locations. In the event of a possible wallet compromise, sweep your crypto to a new wallet. Practice this so that you understand the process and could do it quickly. In case you need to restore your wallet on a new device, you should carefully practice restoring…
Former US President Donald Trump’s two sons have made announcements on social media over the past 24 hours about cryptocurrencies and decentralized finance (DeFi).”“We’re about to shake up the crypto world with something big. Decentralized finance is the future. Don’t get left behind,” Donald Trump Jr. posted early Wednesday morning on Twitter, including the hashtag X. “BeDeFiant.” The tweet followed a post Tuesday from Trump’s other son, Eric Trump. “I’m really into crypto/DeFi,” he wrote. “Stay tuned for the big announcement.”The only clue to the announcement was Zach’s apparent connection to Steve Witkoff, a real estate mogul who is friends…
Terryl Dickey Aug 7, 2024 09:45 CoinGecko reports that the COVID-19 crash was far worse than the 2024 sell-off, making it the worst downturn in global cryptocurrency market history. According to recent research by CoinGecko, the Covid-19 crash on March 13, 2020 remains the most severe global cryptocurrency market correction in the past decade. The market saw a dramatic -39.6% drop, with the total cryptocurrency market capitalization plummeting from $223.74 billion to $135.14 billion in a single day. Comparing Crypto Corrections in 2020 and 2024 In stark contrast, the largest cryptocurrency market selloff in…
User activity on Shiba Inu (SHIB)’s Layer 2 (L2) platform, Sibarium, continues to decline, with network demand plummeting to a monthly low on Monday. This comes despite the prolonged decline in the value of Bone ShibaSwap (BONE), the token used to pay transaction fees on the network. BONE’s value has plummeted by more than 11% in the past month, but this hasn’t done much to attract users to L2. Sibarium Fails to Retain Users Shibarium is a L2 blockchain built on top of the Ethereum network, designed to improve the Shiba Inu ecosystem. According to data from Shibariumscan, user activity…
Crypto whales are positioning themselves for the next market expansion of altcoins, according to CryptoQuant’s CEO. Kiyoung Joo told his 358,000 followers on social media platform X that whales are now setting limit orders for altcoins on centralized exchanges (CEX). Ju explains that whales, institutions and other large firms prefer to use limit orders instead of market orders to avoid slippage and get the best possible price. Limit orders are used to buy an asset at a predetermined price. They do not move until the asset reaches the desired level. Market orders, on the other hand, are used to buy…
Bitcoin (BTC) broke above $56,000 at the opening of Wall Street on August 7, raising concerns about a lack of support.BTC/USD 1-hour chart. Source: TradingViewBitcoin Fights Death Cross and Liquidity ShortageAccording to data from Cointelegraph Markets Pro and TradingView, the BTC price rally is stalling, with BTC/USD remaining unchanged from its daily opening price.Bitcoin is still up about $7,000 from its six-month low recorded on August 5, but continues to worry market observers amid uncertainty.After analyzing the order book situation on the exchange, trading resource Material Indicators concluded that the price could move in either direction depending on the current…