On-chain data suggests that Bitcoin might face a significant resistance level at $28,100, based on historical patterns. Analyzing the realized price of short-term holders (STHs), it becomes evident that when the BTC spot price approaches this level, it sets the tone for the future trend of the cryptocurrency. This article delves into the potential implications
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In a recent letter to U.S. District Judge Lewis A. Kaplan, attorneys for FTX founder Samuel Bankman-Fried argued that their client’s constitutional rights were being violated due to the lack of adequate access to evidence against him. Federal prosecutors had proposed providing Bankman-Fried with an offline laptop and limited internet access inside a courthouse cellblock,
Hong Kong has taken a significant step towards fostering a regulated and favorable environment for cryptocurrency trading. With the recent launch of retail trading services by HashKey Exchange, cryptocurrency traders in Hong Kong now have access to a locally based exchange. This move comes after HashKey was granted Type 1 and Type 7 licenses by
In a recent filing, U.S. prosecutors addressed the complaints raised by former FTX CEO Sam Bankman-Fried and his legal team regarding the government’s handling of discovery materials. Bankman-Fried had objected to the timing and volume of the materials provided, citing his inability to review them due to his imprisonment. This article critically examines the prosecutors’
The Ripple community is buzzing with excitement as the company’s CEO and founder unveils plans for an extravagant celebration to commemorate their momentous victory against the US Securities and Exchange Commission (SEC). This victory not only signifies a notable win for Ripple, a leading global payments network, but also represents a significant milestone for the
Circle’s CEO, Jeremy Allaire, has announced that the United States dollar stablecoin, USD Coin, will be launching natively on the Base network in the coming week. This new version will replace the current USD Base Coin (USDbC) that is currently being used by most users. When Coinbase’s Base network was launched on August 9th, there
The highly-anticipated launch of a spot Bitcoin exchange-traded fund (ETF) in the United States could potentially take place right before Labor Day, according to Bloomberg Intelligence. The US Securities and Exchange Commission (SEC) is expected to respond to several applications from prominent asset managers, including BlackRock, Bitwise, WisdomTree, VanEck, and Invesco, in the coming days.
In a significant ruling on August 29, 2023, the United States Court of Appeals for the District of Columbia Circuit overturned a Securities and Exchange Commission (SEC) order, delivering a long-awaited victory to Grayscale Investments LLC in their lawsuit regarding the conversion of their Bitcoin Trust into a spot Bitcoin exchange-traded fund (ETF). The SEC
Crypto’s newest decentralized social media (DeSo) app, friend.tech, has found itself in hot water recently due to its decision to punish users who opt for forks or copycat versions of its tokenized social media platform. In an Aug. 28 tweet, the official friend.tech X account stated, “To make sure loyal users are rewarded fairly during
Binance, one of the leading cryptocurrency exchanges, has recently announced its decision to halt 39 liquidity mining pools due to its latest assessment. The platform has stated that these pools will cease operation on September 1, 2023, after failing to meet the assessment’s standards. This move comes as Binance aims to review listed liquidity pools
