The Securities and Exchange Commission (SEC), led by Gary Gensler, began investigating Ethereum’s security posture last year, according to an April 29 court filing from Consensys.The filing reveals that Enforcement Directorate Gurbir Grewal approved ordering a formal investigation into ‘Ethereum 2.0’ in March 2023. This formal order gave SEC staff broader authority to investigate and subpoena individuals and entities involved in ETH trading. .It added:“The formal order is premised on the SEC’s delegation of information showing possible offers and sales since at least 2018 for certain securities, including but not limited to ETH, for which there is no registration statement…
Author: Crypto Flexs
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If the price of Bitcoin falls below $60,000, more pain could begin ahead, according to Standard Chartered Bank.“With BTC falling below $60,000, the path to the $50,000-$52,000 range has now reopened,” Geoffrey Kendrick, head of foreign exchange and digital assets research at Standard Chartered Bank, said in a statement to The Block on Wednesday. He said: “The drivers seem to be a combination of cryptocurrency-specific macros and broader macros.”Cryptocurrency-related concerns include five consecutive days of outflows from a U.S. spot Bitcoin exchange-traded fund and the recent lackluster response to the launch of a spot Bitcoin and Ether ETF in Hong…
According to OKX’s schedule, RUNECOIN deposits will begin at 3:00 AM (UTC) on April 30, 2024. Spot trading for the Runecoin/USDT pair will begin at 10:00 AM (UTC) on the same day. Additionally, users will be able to withdraw their Runecoin holdings starting May 1, 2024 at 10:00 AM (UTC). RSIC•GENESIS•RUNE (RUNECOIN) is built on the Runes protocol and represents the first Pre-Rune airdrop for early adopters of Ordinals. This unique asset opens up opportunities for individuals to participate in Bitcoin and contribute to the development of a more decentralized future. With a total supply…
Cape Town, South Africa, April 30, 2024, Chainwire Pioneering digital artist Andries Odendaal unveils his first generative art collection, FABRIK. Commissioned by NFTfi co-founder Stephen Young, this free mint represents nearly three years of artistic and technical advancement. With a limited edition of 1024 NFTs, FABRIK is designed as a token of gratitude. NFTfi Community We aim to redefine the boundaries of generative art. What is FABRIC? FABRIK is the culmination of almost three years of artistic and technical development. At the core of FABRIK are advanced algorithms that can create a variety of complex artistic outcomes using simple geometric…
Solana (SOL) is down 16.56% in 7 days. Technical indicators provide sell signals. Despite update attempts, the Solana network is still facing congestion. The recent downturn in the cryptocurrency market is affecting most tokens, including Solana. High-performance blockchains are showing a noticeable decline after months of strong performance. Coupled with the decline are worsening technical issues and ongoing congestion issues that still plague the network despite recent updates. Learn more Solana’s tech decline, time to sellSolana’s recent decline reflects the overall downturn in the cryptocurrency market. On Tuesday, April 30, Solana was trading at $128.41, with a daily decline of…
join us telegram A channel to stay up to date on breaking news coverage Meme Coin has become a magnet for investors seeking explosive profits. Their quirky nature and viral popularity often lead to high price volatility, especially after major Bitcoin events such as halving. These trends suggest that meme coins may experience significant price fluctuations in the coming months. Here are five meme coins investors should explore and potentially invest in. Cats in a Dog’s World (MEW) The cat of the dog world, represented by the symbol MEW, has featured prominently in the current bull market with a market…
On April 30, Judge Richard Jones sentenced Zhao to four months in prison, going against the recommendation of the U.S. Department of Justice (DOJ) to sentence Zhao to three years in prison. London-based financial services lawyer Rabya Anwar told crypto.news that the stories of Zhao and FTX founder Sam Bankman-Fried were “interconnected” after the U.S. government took action against both within a short period of time. She explained: “Zhao may have mentored Bankman-Fried before the breakdown of their relationship in the past, but the way these two industry leaders conduct their respective businesses is completely different. Bankman-Fried is accused of…
After a successful launch, Frontier passed its 100,000th block earlier this week. Some interesting statistics from the first block are: First 50 block times (seconds): Immediately after creation, it took 29 seconds for the second block to appear, and the next two blocks took 31 and 29 seconds to appear. As the final genesis block becomes known, it’s no surprise that miners are messing around with their settings. After these first blocks, we see block times dropping significantly due to attacks from larger miners, with a limit of 1 second enforced by the consensus protocol. Now let’s look at the…
Bitcoin price took a hit and even surged below $60,000. A daily close below the $60,000 support zone could give BTC some bearish momentum. Bitcoin began another downtrend and was trading below the $61,200 range. The price is trading below $62,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a connecting bearish trendline forming at resistance $60,400. The pair could fall further if it fails to recover above $60,400 and above $62,000 this week. Bitcoin price has reached support level Bitcoin price began another decline below the $62,500 support level.…
Bitcoin (BTC) hit a multi-month low on May 1, with traders losing $500 million due to market instability.BTC/USD 1-day chart. Source: TradingViewBTC price decline approaches $57,000BTC price losses increased during the Asian session, with BTC/USD hitting $57,082 on Bitstamp, according to data from Cointelegraph Markets Pro and TradingView.That marked the lowest level since February and pushed second-quarter losses to more than 20%.BTC/USD monthly returns (screenshot). Source: CoinglassU.S. Treasury Secretary Janet Yellen’s hawkish fiscal policy moves combined with legal rulings against cryptocurrency exchange Binance and its founder Changpeng Zhao have contributed to worsening sentiment toward cryptocurrencies in general. I did.Cointelegraph previously…