Day: September 24, 2024

Ahead of today’s Congressional hearing on SEC oversight, Republicans urged Gensler to repeal SAB 121

Republican lawmakers have strongly requested that the U.S. Securities and Exchange Commission repeal a controversial rule for banks that deal with crypto. Yesterday, Sept. 23, a group of more than 40 members of Congress sent signed letters to the heads of four major United States regulators. The letters demand that the regulators communicate across agencies about a particularly controversial SEC bulletin from 2022, known as SAB 121. One of the letters was addressed to SEC Chair Gary Gensler — just a day before Gensler would join all of his fellow SEC…

Survey Shows 34.6% of Young Investors in Brazil Hold Cryptocurrency in Their Portfolios

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A survey conducted by Rico, an investment platform in Brazil, revealed young investors’ preference for cryptocurrency as an investment tool. According to the results, 34.6% of all investors aged 24 to 35 held crypto in their portfolios, making it the fourth most popular investment behind savings, fixed-income products, and stocks. Young Investors in Brazil Have […] Source

Shiba Inu Symmetrical Triangle Pattern Reappears, Why A 200% Rally Is Possible

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Este artículo también está disponible en español. Shiba Inu (SHIB) may be on its way to reclaim former price highs, as a crypto analyst identified as the ‘Charting Guy’ has confirmed the reappearance of a unique symmetrical triangle pattern on the SHIB price chart. A breakout from this symmetrical triangle could see Shiba Inu potentially rallying above 200% from its current price.  Shiba Inu Triangle Pattern Points To Breakout On September 23, Charting Guy took to X (formerly Twitter) to unveil a new trend pattern in Shiba Inu’s price chart.…

Bitcoin Price (BTC) Rises on China and U.S. Easing Campaigns

Shortly after, the latest figures showed a sizable jump in the U.S. M2 money supply in August. The combination of easier China and U.S. monetary policies and rising money supply appeared to be the catalyst for bitcoin’s sustained rise throughout afternoon trading. Gold too, liked the news, jumping 1.4% to yet another record high of $2,690 per ounce. Source CryptoX Portal

Bitcoin Pushes Past $64K as Monetary Ease Expectations Grow

Shortly after, the latest figures showed a sizable jump in the U.S. M2 money supply in August. The combination of easier China and U.S. monetary policies and rising money supply appeared to be the catalyst for bitcoin’s sustained rise throughout afternoon trading. Gold too, liked the news, jumping 1.4% to yet another record high of $2,690 per ounce. Source

Ex-Alameda Research CEO Caroline Ellison Sentenced to Two Years in Prison

Nevertheless, FTX was one of the greatest financial frauds ever perpetrated in this country, he noted, and cooperation wasn’t enough to spare Ellison a spot in prison. “In a case this serious, to be literally a ‘get out of jail free’ card is not something I can see my way through to,” Kaplan said, before asking Ellison to rise and receive her sentence of 24 months in prison. Because the crime is federal, Ellison will serve at least 75% of her sentence before being eligible for parole. Source

Popcat Climbs By 35% – $1 Target Within Reach

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Popcat (POPCAT) is spearheading the movement to bring attention to Solana’s memecoins. Many of these projects are proving the critics wrong, despite others doubting their “shelf life.” In the wake of Bonk’s ascent and its intention to introduce a Bonk ETP, Popcat has gained attention due to its most recent performance. Notably, CoinCodex has taken notice and has predicted that POPCAT’s price would grow significantly as long as its trading volume keeps increasing. Trade Volume Record Popcat’s trade volume increased by more than 128% in the last day, propelling it…

Early Ethereum Investor Prints 837,964% Gains, Deposits ETH to Crypto Exchange Kraken: Lookonchain

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An original Ethereum investor has suddenly moved millions of dollars of ETH after remaining inactive for years, according to blockchain tracking firm Lookonchain. Lookonchain notes that the whale participated in Ethereum’s 2014 initial coin offering (ICO) when they received 150,000 ETH at the Genesis block. According to the blockchain tracking firm, the initial investment that cost just $46,500 is valued today at about $389.7 million – translating to an increase of 837,964%. The holder just woke up after more than two years of dormancy to send 3,510 ETH, valued at…

TrustToken (now Archblock), TrueCoin Settle With U.S. SEC Over Fraud Accusations in Stablecoin

“TrueCoin and TrustToken sought profits for themselves by exposing investors to substantial, undisclosed risks through misrepresentations about the safety of the investment,” said Jorge G. Tenreiro, acting chief of the SEC’s Crypto Assets & Cyber Unit, in a statement. “This case is a prime example of why registration matters, as investors in these products continue to be deprived of the key information needed to make fully informed decisions.” Source