Recently, the US Securities and Exchange Commission (SEC) charged and settled with hedge fund Galois Capital Management LLC regarding a private fund managed by the firm that primarily invested in cryptocurrency. The SEC accused Galois Capital of failing to comply with client asset safeguarding requirements, particularly with regards to crypto assets that were labeled as
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The recent price volatility of Bitcoin, including a sharp drop below $50,000 last month, has raised concerns among investors. Many analysts were anticipating a bullish run, but the current price corrections have slowed down the momentum. Despite this, one crypto analyst, CryptoCon, remains optimistic about the future of Bitcoin. He predicts a sharp rise to
In the recent trading sessions, Bitcoin experienced a significant drop in price from $59,076 to as low as $57,127. This decline is reflective of the volatile nature of cryptocurrency markets, where prices can fluctuate rapidly within a short period of time. The closing price for the week settled at $57,565, indicating a loss of important
Samuel Edyme, affectionately known as HIM-buktu, is a multifaceted individual in the world of web3 content creation, journalism, and trading. His journey into the crypto universe wasn’t conventional. It started with a scam, a Ponzi scheme that lured him in with crypto payments. However, instead of being deterred by this experience, Edyme emerged stronger and
The anticipation is palpable in the mobile gaming community as the release of Rebel Skies, a new game developed by Faraway Games, approaches. Combining elements of action, real-time strategy (RTS), and deck building, Rebel Skies aims to revolutionize the mobile gaming landscape. With its innovative blend of traditional mobile gaming and blockchain technology, the game
Bitcoin, the leading cryptocurrency, has disappointed investors and enthusiasts with its recent price volatility. Despite initial hopes for a steady price increase and a strong bull run, Bitcoin has struggled to maintain its value, falling below the $60,000 threshold. The prolonged bearish performance of Bitcoin has raised concerns among analysts, with some predicting a potential
The Ethereum market is currently experiencing a shift, with rising exchange reserves indicating a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric, which tracks the amount of ETH held in exchange wallets, has shown an increase in recent times. This could be a sign that traders are moving their ETH onto exchanges in preparation
The crypto market has been experiencing a lackluster performance recently, with a noticeable decline in whale activity across major assets such as Bitcoin and Ethereum. According to a recent analysis by Santiment, the number of transactions valued at over $100k has significantly dropped. For instance, during the active period of March 13-19, Bitcoin recorded 115.1k
Digital asset securities have been gaining traction in the financial industry, presenting unique challenges for regulators like the US Securities and Exchange Commission (SEC). In a recent address at the Korea Blockchain Week 2024 event, SEC Commissioner Mark T. Uyeda called for the development of specialized S-1 registration forms tailored specifically for digital asset securities.
Binance CEO, Richard Teng, has recently spoken out against the Nigerian government’s treatment of Tigran Gambaryan, an American executive of the exchange who has been detained since February. Teng condemned the harsh actions taken against Gambaryan in a post on X, emphasizing the need for him to be allowed to go home for medical treatment