U.S. District Court Judge Robert Shelby concluded the hearing by stating that the U.S. Securities and Exchange Commission (SEC), also known as the SEC, acted in bad faith against The Debt Box. The Utah judge added that the agency abused the judicial process. This is a case related to ‘The Debt Box’ case, which the committee filed with the court in July of last year, that is, in July 2023. It is claimed that the company quickly liquidated its bank account and attempted to leave the country. The court has now ordered the SEC to pay the company’s legal fees,…
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Bitcoin’s move back below $63,000 has provided a clearer view of support and resistance levels leading up to next month’s halving. Bitcoin (BTC) and cryptocurrency analyst Ali-Charts has identified three important prices that act as support levels for the world’s largest digital asset. $61,100, $56,685 and $51,530 would cushion Bitcoin against further declines, according to on-chain observers citing Glassnode data. Conversely, after BTC hit a new all-time high on March 14, the following resistance levels were $66,990 and $72,88, according to CoinGecko. The cryptocurrency hit a high of $73,737 after weeks of massive inflows into its U.S. spot Bitcoin ETF…
Posted 1 minute ago In ~ Tornado Cash developer Alexey Pertsev is accused of laundering $1.2 billion in illicit funds through the platform, according to an indictment obtained by DL News in the Netherlands. The indictment alleges that Pertsev is involved in money laundering on Tornado Cash and cites 36 transactions on the platform that it claims are illegal. One such transaction was 175 ETH, reportedly derived from the Ronin Bridge hack, and the blockchain popularized by the Web3 game Axie Infinity lost 173,600 ETH, among other assets, to exploits worth a total of $590 million in March 2022. Pertsev…
The cryptocurrency industry is putting pressure on the U.S. Securities and Exchange Commission (SEC) to establish clear rules and regulations for the cryptocurrency market. Major players including Paradigm, the Crypto Council for Innovation and the U.S. Chamber of Commerce argued with the district court to uphold Coinbase’s appeal to the SEC to provide specific guidance for the cryptocurrency industry. Crypto Industry Challenges SEC’s Regulatory Approach in court filing Paradigm’s filing on Monday expressed interest in the case, highlighting the SEC’s continued refusal to issue final rules and guidance regarding cryptocurrencies, tokens and related trading platforms. Paradigms’ legal team explained: enforcement…
A leading international cross-border bank; Standard Chartered I made another optimistic prediction for Ethereum. According to analysts at the bank, ETH could rise to all-time highs due to the potential introduction. Spot ETH Exchange Traded Fund (ETF). ETH price expected to rise to $14,000 Analysts at Standard Chartered Bank said: Optimistic outlook for ETHThe second-largest cryptocurrency is expected to skyrocket exponentially to $14,000 by 2025. Analysts elaborated in a note Monday. key elements This could lead Ethereum to its expected price target. In particular, the potential Ethereum Spot ETF approved The announcement by the U.S. Securities and Exchange Commission (SEC)…
introduction Cryptocurrency is a hot topic in today’s digital world and many people are looking to invest in this new form of digital currency. One cryptocurrency that is gaining popularity is GothicCoin. In this article, we will delve into the secrets of GothicCoin and provide you with the ultimate guide to understanding and investing in this digital currency. What is Gothic Coin? GothicCoin is a decentralized digital currency that aims to provide a secure and private way to transact online. It uses blockchain technology to ensure the security and integrity of transactions, making it a trustworthy form of digital currency.…
join us telegram A channel to stay up to date on breaking news coverage Bonk prices have plummeted 20% in the last 24 hours. Traded for $0.00002141 As of 8:05 a.m. EST, trading volume was down 2% to $315 million. Despite experiencing a recent decline in value, BONK still maintains a significant presence in the cryptocurrency space, boasting a market capitalization of approximately $2 billion and gains of 260% over the past month. Bonk price indicates a bounce of a double bottom pattern. BONKUSDT Analysis by Tradingview Bonk prices are on a downtrend after hitting an all-time high following a…
Posted 1 minute ago In ~ Grayscale Investments is looking to add staking to its proposed branch. Ethereum ETH -9.64% According to the preliminary proxy statement, the exchange-traded fund Statement filed Tuesday. In its “Consent Request Statement,” Grayscale proposed four items to investors, including creation and redemption processes associated with cash and the ability to stake Ethereum through trust. “We believe that the ability for backers to have the Trust stake their Ethereum holdings in return for consideration will allow the Trust to preserve the value of the Trust’s assets by mitigating inflationary pressures caused by Ethereum’s Proof-of-Stake protocol. .For…
introduction:Cryptocurrencies have come a long way since their inception, and more and more businesses are recognizing their benefits and embracing them as an integral part of their operations. The growing adoption of digital assets among both small and large businesses can be attributed to the numerous benefits they offer, including lower transaction fees, improved security, and access to a larger customer base.However, seamlessly integrating cryptocurrencies into a business’s existing infrastructure can present several challenges, as the rapidly evolving digital asset landscape requires adaptability and a deep understanding of market trends.In this informative blog post, we will provide valuable insights and…
like reported According to Fortune Magazine, the cryptocurrency market is experiencing significant volatility, with Bitcoin (BTC) experiencing a sharp decline that is having a domino effect on other cryptocurrencies. The recent decline in Bitcoin price and Grayscale’s GBTC outflow have raised concerns among investors. Bitcoin suffered a 14% correction in ATH Bitcoin has fallen 14% since reaching its highest level. Best ever (ATH) was at $73,700 last week and briefly reached $62,483 on Tuesday morning. However, it recovered and stabilized around $64,900, just below $65,000. This decline was due to a record-breaking outflow of over $640 million from Grayscale’s Bitcoin…