The U.S. Securities and Exchange Commission charged Plutus Lending LLC, operating as Abra, in July 2020 with offering and selling unregistered cryptocurrency asset securities in cryptocurrency lending products.According to an official statement from the regulator, the agency alleged that the financial services and technology company was operating as an unregistered investment firm. The SEC complaint focused on Abra Earn, the company’s yield-generating service that allowed U.S. users to earn interest on their cryptocurrencies. Abra allegedly used customer digital assets to “generate its own income and fund interest payments” and offered and sold securities that “did not qualify for an exemption…
Author: Crypto Flexs
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Short-term bias was extremely bullish and potentially overextended. A break above the $0.33 level could see another 25% upside. Sundog (SUNDOG) has had a remarkable run of gains over the past few days. Since Friday, August 23, SUNDOG is up 84% at the time of writing and continues to rise. Technical indicators have also been bullish. Since August 18, the meme coin has gained almost 700%. Breaking through the highs of the $0.262 range was a key development for the token. Sundog reaches the next Fibonacci extension level in the blink of an eye. Source: SUNDOG/USDT on TradingView Since Wednesday,…
Lawrence Jengar 26 Aug 2024 19:14 Gala Music celebrates the one-year anniversary of Earl Sweatshirt & The Alchemist’s ‘Voir Dire’, the groundbreaking NFT album that continues to captivate fans. Gala Music is celebrating the one-year anniversary of its groundbreaking album release. See Speaking Created by rapper Earl Sweatshirt and legendary producer The Alchemist, this groundbreaking collection of 11 unique NFT tracks will be released in August 2023. See Speaking It gave fans a new way to experience and own music. According to Gala News, the collaboration not only pushed the boundaries of how albums…
Apple announced its next product event on Monday, called Glowtime, which will take place on September 9 at the company’s Apple Park headquarters and will be streamed online. As is the case every fall, the company is expected to unveil its next iPhone, the iPhone 16, as well as an update to its iOS operating system.But beyond hardware updates and an aggressive move toward generative AI, the report says: BloombergApple’s Mark Gurman says Apple is working on a “tabletop robot” and a version that can follow a user, which could be similar to Amazon’s mobile Astro robot. Gurman updated a…
Bitcoin (BTC) rose 6.2% on August 23, its first price rally in three weeks, and has since held support at $63,000. Despite this positive price action, BTC derivatives traders appear relatively unmoved, indicating lingering skepticism about the sustainability of this trend. Checking the correlation between Bitcoin and the stock marketSome market participants have cited ongoing macroeconomic factors as the main driving force behind cryptocurrency market trends, and investors are eagerly awaiting the U.S. Federal Reserve’s interest rate decision in September.Given that the Russell 2000 Small Cap Index is currently trading 2% below its all-time high close in July 2024, it’s…
Rumpel Labs will be launching a new decentralized finance (DeFi) protocol in September that will allow users to tokenize and trade airdrop points, the company announced on August 26.Backed by venture capital firms including Dragonfly and Variant, Rumpel said it aims to “improve liquidity and price discovery for off-chain loyalty points, and provide new opportunities for point holders, traders, airdrop hunters, and point issuers.” Rumpel joins other newly launched protocols like Nudge that aim to solve the problems of existing methods of attracting and incentivizing users on Web3. Nudge is building a two-sided marketplace where protocols pay users with incentives…
Disclosure: This article does not constitute investment advice. The content and materials presented on this page are for educational purposes only. Intel Markets has raised over $140,000 in a matter of days, drawing attention to Cardano and Toncoin. Analysts predict it will soon grow tenfold. Intel Markets, a new pre-sale project, has become a focal point for the crypto audience, especially for Cardano and Toncoin stakers. Targeting all types of investors, Intel Markets provides clients with access to new trading tools and rare market opportunities. Top analysts are positive about the project as it has raised over $140,000 in just…
Policy • August 26, 2024 1:28 PM EDT Posted 1 minute earlier ~ in Investment bank TD Cowen argues that we should have more realistic expectations about the passage of cryptocurrency-related legislation next year.Jarrett Seiberg, managing director of TD Cowen’s Washington research group and financial services practice, said there is a growing risk of political gridlock surrounding the cryptocurrency market structure bill, FIT21, and the Senate Agriculture Committee bill. “We believe that optimism is misplaced, as we believe turnout on both bills is declining this year, increasing the risk that the bills will be politically stranded next year,” Seiberg said…
James Ding 26 Aug 2024 18:35 According to AMD.com, AMD has released Ryzen AI Software 1.2, providing developers with new tools and improved hardware support for AI-based applications. AMD has unveiled Ryzen AI Software 1.2, the latest version of its AI software designed to provide developers and independent software vendors (ISVs) with a comprehensive environment for building AI-enhanced applications. According to AMD.com, the release aims to maximize the performance benefits of the Ryzen AI APU hardware architecture, which includes the CPU, integrated GPU (iGPU), and neural processing unit (NPU). New hardware support The Ryzen…
Bybit has placed a warning label on the LUNC/USDC trading pair. The community demands explanation for these decisions. Terra Luna Classic fell 4% after a double-digit rebound. The struggling Terra Luna Classic (LUNC) altcoin has taken another hit after Bybit, one of the largest centralized exchanges, put a warning label on one of its spot pairs. The issue was first reported by Turkish customers, and then by other regional users. The official warning from Bybit is classified as ‘special treatment’, which could result in LUNC being delisted.Will Bybit delist Terra Luna Classic?While the quality control has been imposed on LUNC/USDC,…