[ad_1] In a significant legal setback for one of the crypto industry’s biggest exchanges, a California judge has ruled that cryptocurrency platform Kraken must face a lawsuit brought by the US Securities and Exchange Commission (SEC). Kraken Faces Uphill Legal Battle The SEC alleges that Kraken has been operating an unregistered securities exchange, a charge the firm has vehemently denied. But in a Friday ruling, US District Judge William H. Orrick in San Francisco found the SEC’s argument that certain crypto tokens sold on Kraken’s platform constitute “investment contracts” and therefore securities subject to the agency’s oversight to be “plausible.”…
Author: dfrancis36
[ad_1] Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the…
[ad_1] Crypto analyst Javon Marks has just highlighted FLOKI as a digital asset that could register an impressive growth. In a post on X, Marks noted that if FLOKI confirms a so-called Hidden Bull Divergence, gains of over 96% can be expected. Related Reading This technical pattern implies an upsurge once the FLOKI breaks above $0.000276 resistance. If level breaks up, Marks thinks FLOKI may rise to $0.000546, and with “more room to climb.” That is an overall optimistic view, which aligns with a more comprehensive view given by crypto price prediction platform CoinCodex, projecting its value to increase by…
[ad_1] Chinese authorities revealed they extradited the suspect of a “mega economic crime” with the help of Thai law enforcement. The man is alleged to be the mastermind behind a $14 billion pyramid scheme involving cryptocurrencies, which makes his extradition the first related to economic crimes between the two countries. Crypto Scammer Extradited From Thailand On Friday, China’s Ministry of Public Security (MPS) announced the successful extradition of Zhang Moumou from Thailand as part of the “Operation Fox Hunt.” The operation was a collaborative effort between the Chinese embassy in Thailand, Thai authorities, the MPS, and relevant domestic departments to…
[ad_1] Bitcoin is beginning to show signs of a potential upward trend as several on-chain metrics are turning positive. These metrics, which often serve as indicators of future price movements, paint a picture of growing optimism in the market. One of the key indicators supporting this positive outlook is the exchange inflow/outflow data, which reveals a shift in sentiment toward Bitcoin. Despite some notable large-scale Bitcoin transfers by the defunct exchange Mt. Gox and significant movements by miners to over-the-counter (OTC) desks, the overall inflow of Bitcoin into crypto exchanges has sharply declined in the past few days. Bitcoin Exchange…
[ad_1] A widely followed cryptocurrency analyst believes Bitcoin (BTC) is on the verge of rallying to fresh record highs. Pseudonymous analyst Bluntz tells his 270,000 followers on the social media platform X that he thinks Bitcoin has started a fresh five-wave surge that could propel BTC to a new all-time high after taking out resistance at $62,000. The trader practices the Elliott Wave theory, which states that a bullish asset often witnesses a five-wave upside move before a significant correction. Says Bluntz, “We got the breakout, pretty confident this is the all-time high run starting now.” Source: Bluntz/X Based on…
[ad_1] Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and…
[ad_1] Yesterday, Bitcoin (BTC) spiked over 6% following Federal Reserve Chairman Jerome Powell’s announcement that they are adjusting its policy and hinting at a potential 25bps rate cut at the next meeting on September 18. This unexpected news has fueled Bitcoin’s recent volatility, with prices swinging unpredictably in the past weeks. Related Reading Crucial on-chain data from CryptoQuant is providing a glimmer of optimism. According to the data, traders are positioning for further price appreciation. As the market digests the Fed’s new stance, all eyes are on Bitcoin to see if this could mark the beginning of a new bullish…
[ad_1] On Thursday, the crypto community on social media site X (formerly Twitter) speculated that Binance co-founder and former CEO Changpeng Zhao, commonly known as CZ, had been released from prison a month before the end of his four-month sentence. However, recent reports have revealed a different story. CZ Shifted To Long Beach Facility Contrary to the circulating rumors, Zhao has not been entirely freed from incarceration. Instead, he has been transferred to an administrative facility in the Greater Los Angeles area just 38 days before his scheduled release from custody. According to information from the US Federal Bureau of…
[ad_1] A report by Steno Research states that the decentralized finance (DeFi) summer on Ethereum and the crypto market could return as early as 2025. Four years after the fondly remembered DeFi summer of 2020, the total value locked (TVL) in protocols can hit an all-time high by early next year. However, the return of DeFi summer rests on two key factors. Lower Ethereum Fees Crucial To Attract Investors Ethereum (ETH) has historically led the DeFi wave, boasting the highest TVL locked into its protocols among all other smart-contract blockchains. According to DeFiLlama, the TVL locked in Ethereum-based protocols currently…