Day: May 13, 2024

FalconX Settles With CFTC for $1.8M Over Failure to Register as Futures Commission Merchant

However, after the CFTC filed suit against Binance its former CEO, Changpeng “CZ” Zhao for similar offenses in March 2023, FalconX voluntarily “changed and enhanced its approach to collecting customer-identifying information” – including requiring customers to identify the location of the assets’ ultimate beneficial owners, the location of their corporate headquarters, and the location of employees controlling the investor’s Edge account. Source

GameStop Stock And Wolverine Memecoins Explode As Roaring Kitty Returns To The Spotlight

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GameStop, the video game retailer that took Wall Street by storm in 2021, has once again become the talk of the town as its share price surges 100%.  Fueling this rally is the return of the influential social media figure Keith Gill’s “Roaring Kitty.” After a long hiatus, Roaring Kitty’s recent activity on social platforms, including an image and video, has ignited excitement among investors and triggered a renewed frenzy for GameStop’s meme stock and the emerging world of memecoins.  GameStop Memestock Frenzy The meme-stock phenomenon gained widespread attention in…

Investment Firm Makes BTC Its Strategic Reserve

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Early-stage investment firm Metaplanet announced on Monday that it’s adopting Bitcoin (BTC) as its sole “strategic treasury reserve asset.” This audacious decision signals a growing confidence in the controversial cryptocurrency as a legitimate store of value and hedge against traditional economic woes. Related Reading Yen Under Pressure, Bitcoin On The Rise Metaplanet’s decision comes amidst a backdrop of sustained economic pressures in Japan. A weakening yen, coupled with high government debt levels and persistently low-interest rates, seems to have pushed the firm to seek alternative havens for its reserves. Bitcoin,…

Bitcoin Price (BTC) Could Take Direction From Inflation Data This Week

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Of the two, the CPI report is of more import and economists are forecasting that gauge to have risen 0.4% in April, in line with the March advance. The annual pace of headline CPI is seen slowing to 3.4% from 3.5% in March. The so-called core CPI – which strips out food and energy costs – is expected to rise 0.3% in April versus 0.4% in March, with the annual pace falling to 3.6% from 3.8%. Original

Belarusian President Claims Decline in US Dollar and Euro Use Globally

Belarusian President Alexander Lukashenko stated that many nations are reconsidering their use of the U.S. dollar and euro due to recent global financial tensions. Speaking in Minsk, Lukashenko highlighted that this shift is not limited to Belarus and Russia, but is observed worldwide. He attributed the declining relevance of these currencies to the controversy surrounding […] Source CryptoX Portal

Is The Bitcoin Bottom In? Analyst Reveals Key Price Levels

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In his latest technical analysis, veteran crypto analyst Christopher Inks offers a detailed look at the current Bitcoin market structure through a comprehensive chart analysis. The chart, recently shared on X, shows Bitcoin’s price movements alongside several key technical indicators and levels that could signal a potential reversal from its bearish trend. The analyst illustrates Bitcoin’s price action with daily candlesticks over the past few months, pinpointing significant support (S1, S2) and resistance (R1, R2) levels. As of press time, Bitcoin traded at around the $63,000 mark, encapsulated by two…

Notcoin suspends NOT deposits on crypto exchanges

The Notcoin team announced that starting May 14, users will no longer be able to send their tokens to crypto exchanges. The post on X said the next time the Notcoin (NOT) withdrawal option will be available is after the coin’s listing on May 16. ⚡️ Notcoin direct deposits to exchanges will be closed tomorrow (May 14th). The next time withdrawal options (including on-chain claim) will be opened after the listing. Please make sure you have initiated the transfer to exchange if you want to start trading from the first……

U.S. Senators Question Justice Department’s Pursuit of Crypto Mixers Such as Tornado Cash

The DOJ also argued in a court filing that FinCEN’s guidance addressing crypto mixers didn’t address the idea of “control,” a stance that the senators’ letter took issue with. In its filing from last month, the DOJ said anything that facilitates the transfer of funds would meet the legal definition of a “money transmitter,” likening the wallet to a USB cable that transfers data or a frying pan that transfers heat. Source

Why A 100% Rise Is Possible From Here

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While the focus has mainly been on Bitcoin and Ethereum through the downtrend, other smaller altcoins such as Theta Network with much more potential have been flying under the radar. However, crypto investors are no longer ignoring these altcoins and have begun to call out the opportunities in these cryptocurrencies. Theta Network Is Looking At A Breakout Crypto analyst CobraVanguard has called out an interesting formation in the THETA chart that suggests that a massive breakout might be on the horizon. In the analysis which was posted on the TradingView…