A Thai lawmaker is seeking a court order to shut down Facebook in the country by the end of the month, accusing the platform of supporting fraudulent investment schemes. Source
Thailand Warn Meta to Rein in Crypto Scams or Face Expulsion
Month: August 2023
Bitcoin On-Chain Data Suggests Price Is Top Heavy, What It Means
After the Bitcoin price crash last week, on-chain data reveals a picture that points to a โtop-heavyโ price. Glassnodeโs latest insights shed light on the current market dynamics, where a significant chunk of the BTC spot supply finds itself with a cost basis either near or surpassing the prevailing price. โHere we see that 12.8% (2.48M BTC) of the supply fell into an unrealized loss this week, setting a lower low on this metric. This suggests that โtop heavinessโ in spot markets may also be a factor in play,โ commented…
Shiba Inu Plans Shibarium's Public Restart Days After Botched Launch
CryptoX – Cryptocurrency Analysis and News Portal Test blocks on the network are processing as normal after developers blamed the earlier stoppage on unprecedented demand. Original Source The post Shiba Inu Plans Shibarium's Public Restart Days After Botched Launch appeared first on CryptoX. CryptoX Portal
Fintech advisor Titan to pay $1m over SEC crypto charges
The US SEC has charged a New York-based investment adviser Titan with misleading disclosures related to client crypto assets. The US Securities and Exchange Commission (SEC) has declared formal charges against Titan Global Capital Management. The basis for these allegations centers around Titanโs purported failure to provide accurate disclosures surrounding their clientsโ crypto assets due to non-compliance. A press release on Aug. 22 reveals that the said non-compliance events took place between August 2021 to October 2022. Today we announced charges against Titan Global Capital Management USA for using hypothetical…
FTXโs Sam Bankman-Fried prosecutors submit proposed jury instructions for trial
United States prosecutors have put forward their proposed instructions to the jury ahead of the October trial for FTX co-founder Sam Bankman-Fried. The lengthy 100-page Aug. 21 filing breaks down how prosecutors would like presiding Judge Lewis Kaplan to instruct the jury in Bankman-Friedโs case based on previous jury instructions the New York District judge has given in other cases. Each of the seven charges Bankman-Fried faces โ relating to fraud and money laundering conspiracy along with wire, commodities and securities fraud โ were broken down. For each charge, prosecutors…
Firms have mere hours to deflect cyber attacks, warns cybersecurity CEO
Palo Alto Networks CEO Nikesh Arora has urged companies to modernize their cybersecurity systems, cautioning that bad actors have become much faster at breaching company defenses than ever before.ย Speaking to Jim Cramer on CNBCโs โMad Moneyโ on Aug. 21, the cybersecurity firm CEO said that companies with outdated security systems need to take particular heed, as cybercriminals are only getting faster. โItโs important for us to make sure weโre ready to deflect the stuff in hours, not in days,โ Arora explained. He stressed that outdated cybersecurity solutions need modernizing,…
Mysterious Bitcoin wallet becomes 3rd largest BTC holder in 3 months
A mysterious Bitcoin wallet has surged up the ranks to become the third largest holder Bitcoin (BTC) in the world in just over three months, with the timing sparking some wild theories about its owner. According to data from crypto statistics platform BitInfoCharts, the wallet address first received Bitcoin on March 8. Over the course of the next three months and two weeks, the wallet had accrued a staggering 118,000 BTC โ worth $3.08 billion at current prices. The mysterious wallet has accrued 118,000 BTC in less than four months.…
Bitcoin (BTC) Prices Indicate Overselling, Relative Strength Index Suggests
“Bitcoin closed the [last] week with a notable drop below its 200-week and 200-day moving averages, signaling a shift to a bearish trend. From current levels near $26,000, the following area of decline appears to be the last pivot area at $24,700,” Kuptsikevich said in an email. Source
Ethereum Price Key Indicators Suggest Rising Selling Interest Below $1,700
Ethereum price is struggling to recover above the $1,700 resistance against the US Dollar. ETH could start a fresh decline if it stays below $1,700 and $1,720. Ethereum is struggling to recover above the $1,700 and $1,720 levels. The price is trading below $1,700 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,680 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it stays below the $1,700 level in the near term. Ethereum…
LTC, XRP and XLM prices grow as crypto market turns green
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ripple (XRP), Litecoin (LTC) and Stellar (XLM) gained bullish momentum over the past 24 hours as the global crypto market cap turned green after last weekโs โbloodbath.โ According to data from Santiment, the social volumes of LTC, XRP and XLM have skyrocketed over the past 24 hours. This led to short-term gains for the three cryptocurrencies, leading the top altcoins. ๐ After #crypto market caps dropped sector-wide last week, several #altcoins are scratching their way back,…