Day: April 26, 2024

SEC sues Bitcoin mining firm Geosyn over unregistered $5.6m securities offering

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The SEC is suing a Bitcoin mining company Geosyn, alleging that the firm engaged in an unregistered securities offering, raising over $5.6 million through deceptive practices. The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Geosyn Mining, a Texas-registered Bitcoin mining firm, alongside its founders Caleb Joseph Ward and Jeremy George McNutt, alleging their involvement in an unregistered and fraudulent securities offering. According to the lawsuit, between November 2021 and December 2022, the defendants raised more than $5.6 million from about 64 investors “through the sale of…

Bitcoin’s halving unlikely to affect price in next 18 months, Kaiko says

Bitcoin’s halving won’t spark a lasting bull run over the next 12-18 months, relying on new investors through spot ETFs in the U.S. and in Hong Kong. The highly anticipated fourth Bitcoin halving is expected to have a less significant impact on the cryptocurrency’s trajectory over the next 12-18 months, according to analysts at Kaiko. Contrary to earlier expectations, the decrease in miners’ rewards from 6.25 BTC to 3.125 BTC may not serve as the primary catalyst for Bitcoin‘s growth, according to a recent research report from the Paris-based blockchain…

Crypto Bull Run Set To Return Next Week, Predicts Arthur Hayes

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Arthur Hayes, co-founder and former CEO of the cryptocurrency exchange BitMEX, took to X to provide a detailed analysis of the US economic landscape and its potential effects on the crypto market. With a reputation for incisive commentary and a deep understanding of both traditional and digital finance, Hayes’s insights are closely watched by industry participants. Why The Crypto Bull Run Will Return As Soon As Monday In a post, Hayes noted a significant increase in the Treasury General Account (TGA), which he attributed to an influx of approximately $200…

XRP, ETH communities seize Kelexo Stage 2 presale opportunities

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid market shifts, XRP and ETH communities capitalize on the Kelexo Stage 2 presale, highlighting its promise in the burgeoning defi sector. The burgeoning Decentralized Finance (defi) space is witnessing a surge of interest in Kelexo (KLXO), a peer-to-peer lending platform built on the Ethereum (ETH) blockchain.  This excitement coincides with the launch of Kelexo Stage 2 presale, attracting investors, particularly those holding established cryptocurrencies like Ripple (XRP) and…

Brazilian Neobank Nubank Introduces New Crypto Wallet Features for Bitcoin, Ether and Solana

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Nubank, a Brazilian neobank, has introduced new features for its cryptocurrency customers. The Sao Paolo-based organization recently enabled deposits and withdrawals of bitcoin, ether, and solana in its cryptocurrency service, broadening the use cases of its platform. Before, the company only allowed users to purchase, hold, and sell cryptocurrency assets. Nubank Enhances Cryptocurrency Features: Opens […] Original

Spot Ethereum ETFs reportedly facing potential SEC denial

The SEC is anticipated to deny applications for spot Ethereum ETFs following discouraging meetings with issuers. The U.S. Securities and Exchange Commission (SEC) is expected to reject applications for spot exchange-traded funds (ETFs) tied to the price of Ethereum, the second-largest crypto by market value. According to a Reuters report, U.S. financial firms don’t expect spot Ethereum ETF approval to happen in May, citing discouraging meetings with the watchdog in recent weeks. Thus far, VanEck, ARK Investment Management, and seven other issuers have submitted filings with the SEC to list…

85% Of Altcoins In “Opportunity Zone,” Santiment Reveals

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The on-chain analytics firm Santiment has revealed that over 85% of all altcoins in the sector are currently in the historical “opportunity zone.” MVRV Would Suggest Most Altcoins Are Ready For A Bounce In a new post on X, Santiment discussed how the altcoin market looks based on their MVRV ratio model. The “Market Value to Realized Value (MVRV) ratio” is a popular on-chain indicator that compares the market cap of Bitcoin against its realized cap. The market cap here is the usual total valuation of the asset’s circulating supply…

Ethereum Price Faces Crucial Test: Will $3,200 Withstand The Pressure?

Ethereum price is attempting a recovery wave above the $3,125 zone. ETH must clear the $3,200 resistance to continue higher in the near term. Ethereum extended losses and tested the $3,075 support zone. The price is trading below $3,180 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support at $3,140 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below the $3,125 support. Ethereum Price Faces Resistance Ethereum price struggled to recover and…