Day: September 19, 2023

Bitcoin Price Rejected Above $27K amid Spike in Address Activity to This Year’s High

Heightened Bitcoin demand by institutional investors amid the incoming halving event in about six months has kept the bullish narrative alive. Against all odds, Bitcoin (BTC) price rallied above $27K for the first time In September, thus rejuvenating hopes for altcoin bullish sentiment. According to the latest crypto oracles, Bitcoin price scaled as high as $27.4K on Monday but has since retraced and stabilized around $26.8k during the early Asian market on Tuesday. The sudden Bitcoin spike follows last week’s close on a positive note and upcoming high-impact news later…

SEC Accuses Binance.US of Refusal to Cooperate with Investigation, Receives Approval to Unseal or Unredact Case Documents

The SEC has received approval to unseal several documents to further its Binance.US investigation and accused the company of noncooperation. The United States Securities and Exchange Commission (SEC) has accused BInance.US of refusing to fully cooperate with its ongoing investigation. According to the SEC, Binance.US is deliberately providing inadequate or unclear information as part of the investigation. In a September 14 court filing, the SEC said BAM, Binance.US’ holding company, has only submitted 220 documents as part of the discovery process. The SEC added that most of the documents “consist of…

Solana Eclipsing Ethereum? Analyst’s Top Altcoin Pick Emerges

Solana (SOL) has captured the attention of former Goldman Sachs executive Raoul Pal, who recently declared it one of his standout altcoin choices and a potential contender to Ethereum’s dominance. In a new interview, Pal highlighted Solana’s unique strengths, emphasizing its unrivaled speed and performance, qualities that have even prompted payments giant Visa to choose it as their platform of choice. Pal unveiled his enthusiasm for SOL, dubbing it one of his foremost altcoin choices and a contender for the most promising project outside of Ethereum. The crypto luminary also…

Weak competition in AI race could hurt consumers: UK watchdog

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There is a “real risk” that the artificial intelligence industry could develop in a way that could end up with only a few firms dominating the market, while consumers are bombarded with harmful information, according to the United Kingdom’s competition watchdog.  In a report published Sept. 18, the Competition and Markets Authority looked into AI Foundation Models, concluding that while AI has the potential to change how people live and work, “these changes may happen quickly and have a significant impact on competition and consumers.” The competition regulator cautioned that…

A&T Capital loses major financial backer in retreat from crypto

Ant Group, the Chinese fintech giant, is reportedly set to divest its investment in A&T Capital, marking a significant retreat from a $100 million venture central to its crypto strategy. This announcement represents a step back from a $100 million venture that had been a key component of its strategy in the volatile digital asset landscape, as sources familiar with the situation have disclosed. A&T’s crypto investments Since April 2021, A&T has made notable investments into major crypto players, including Matrixport and Amber Group (the digital-asset lenders) and ConsenSys, the…

XRP Price Prediction – Will It Break Through This Key Resistance and Rally?

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Ripple’s token price is rising above $0.50 against the US Dollar. XRP price could start a fresh rally if it clears the $0.515 and $0.525 resistance levels. Ripple’s token price is attempting a move above $0.515 and $0.525 against the US dollar. The price is now trading above $0.500 and the 100 simple moving average (4 hours). There is a connecting bullish trend line forming with support near $0.500 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might gain bullish momentum if there is…

Lawyer who laundered $400M from OneCoin scam denied new trial: Report

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The lawyer responsible for laundering $400 million from the OneCoin fraud has been denied a motion seeking a new trial, despite a prosecution witness having perjured themselves in the trial against him in 2019. According to a Sept. 18 report from Bloomberg, 54-year-old lawyer Mark Scott argued that he didn’t know OneCoin was a fraudulent operation at the time and should not be charged for his role in setting up the fund that laundered money for OneCoin founder Ruja “Cryptoqueen” Ignatov.  Scott was found guilty of money laundering and bank…

Ethereum Price Faces Another Rejection – Can Bulls Save The Day?

Ethereum price climbed above $1,650 but failed to surpass $1,670 against the US Dollar. ETH trimmed gains and now consolidating near the $1,630 zone. Ethereum struggled to clear the $1,670 resistance. The price is trading above $1,630 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $1,628 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $1,620 support zone to start a fresh increase in the short term. Ethereum Price Revisits Support Ethereum’s…