[ad_1] Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become…
Author: dfrancis36
[ad_1] Prager Metis, the accounting firm that audited FTX, has agreed to pay $745,000 in civil penalties to settle misconduct allegations brought by the Securities and Exchange Commission (SEC) in connection with its audits of the now-collapsed crypto exchange.Repeated Violations by the AuditorThe auditor further agreed to pay another $1.2 million for a second regulatory investigation into auditor independence rule violations during the audit of over 200 companies between 2017 and 2020. The amount includes $1 million in civil penalties and $205,000 in recovery and interest.For its role with FTX, the US regulator highlighted negligence-based fraud in two audit reports…
[ad_1] By being the first Asian bank providing over-the-counter (OTC) crypto options and structured notes, Singapore’s DBS Bank is creating waves in the financial industry. Originally scheduled for Q4 2024, these products will mostly target institutional investors and accredited wealth clients, giving them more investment options connected to significant cryptocurrencies like Bitcoin and Ethereum. The action coincides with notable expansion in the cryptocurrency market; DBS notes an almost 50% rise in total market value during the first five months of 2024. While active trading clients increased by 36% and assets under custody climbed by 80%, the value of digital assets…
[ad_1] Este artículo también está disponible en español. Bitcoin price started another increase above the $58,500 resistance. BTC is back above $60,000 and again struggling to continue higher. Bitcoin is correcting gains from the $61,200 resistance zone. The price is trading above $59,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $60,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could climb again if it stays above the $59,400 support zone. Bitcoin Price Reclaims $60K Bitcoin price remained supported above the $57,500 level. BTC…
[ad_1] A recent buzz on the X (formerly Twitter) social media platform has sparked speculation that the XRP price could hit $1,000. However, a crypto pundit has slammed these overly inflated and seemingly unrealistic predictions, pointing to market capitalization and the coin’s current fundamentals as clear obstacles to such a price surge. Analyst Criticizes $1,000 XRP Price Forecast In an X (formerly Twitter) post on September 13, crypto exchange, Uphold triggered a flurry of discussions within the crypto community by posting, “XRP just hit $1,000. What’s your next move?” The tweet instantly caught the attention of various XRP investors and…
[ad_1] As the crypto community awaits the Federal Reserve’s (Fed) rate cut announcement on September 18, the stakes are high for Bitcoin (BTC) and the broader financial landscape. This upcoming decision marks the first central bank rate cut since the Fed slashed its key rate to near zero in March 2020 amid the COVID-19 pandemic. Will A 50bps Cut Spark A Bitcoin Bull Run? According to CME Group’s FedWatch tool, markets are currently pricing in a 59% chance of a half-percentage-point rate cut and a 41% chance of a quarter-point cut. There’s an overwhelming expectation that by the end of 2024,…
[ad_1] In a well-publicized congressional hearing scheduled on September 18, 2024, former high-ranking United States Securities and Exchange Commission executives are to testify against the agency. Dubbed “Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Assets,” the hearing will center on the divisive SEC policies on crypto, especially under Chair Gary Gensler’s direction. This testimony would most probably give insight into the perceived overreach as well as the lack of clear and explicit guidelines for the crypto industry. Ex-SEC Officials To Testify Against SEC In Crypto Hearinghttps://t.co/xupt7Y4wRk — John Morgan (@johnmorganFL) September 16, 2024 Witnesses And Their Insights…
[ad_1] Bitcoin is at a crucial point after several days of recovery and consolidation. On August 5, it experienced a sharp capitulation event, with the price dropping to a monthly low of $49,577. While some investors remain skeptical, believing Bitcoin hasn’t reached its bottom yet, key data from CryptoQuant suggests that the worst might be over. The broader market is now focused on the Federal Reserve’s upcoming decision on interest rates, which could have a significant impact on Bitcoin’s price trajectory. Investors are cautiously waiting to see if this week’s announcement will bring more certainty to the market. A favorable…
[ad_1] A popular crypto analyst thinks the modular blockchain network Celestia (TIA) will collapse in price over the long term. Pseudonymous analyst Altcoin Sherpa tells his 222,800 followers on the social media platform X that TIA will plunge to below $1 eventually, though he acknowledges it could see some “random short squeezes” before that. “Psyops would be to pump price going into unlocks so all early shorters get rekt; plebs buy this thing and chase, and seed investors slowly get to dump. Wouldn’t hold this thing for a long time, but I’d probably lean towards longing it in the short…
[ad_1] Este artículo también está disponible en español. Cardano (ADA) is finally at stage three of this current market cycle, with analysts foreseeing a massive 4,500% price rally to $15. This projected price increase is set to offer dedicated investors and holders a small window of opportunity to make gains from the popular altcoin. Cardano (ADA) Set Sights On $15 Price Surge Crypto analyst, Remi Benays has announced on X (formerly Twitter) that Cardano is at a crucial stage of this market cycle, characterized by potential price rallies to new all-time highs around $15. Sharing a historical price chart of…