Day: November 14, 2024

The FTX Co-Founder Proved Assistance to the US Authorities

FTX co-founder Gary Wang, convicted of misusing funds at a fictitious crypto exchange, may face punishment after his case goes to trial. On Nov. 13, prosecutors in the U.S. District Court for the Southern District of New York filed a brief alleging that Wang provided significant assistance in the investigation of crimes related to FTX, as well as in the prosecution of Sam Bankman-Fried and several other cases. The government’s attorneys noted the importance of Wang’s testimony at the trial of Bankman-Fried, who was sentenced to 25 years. They also…

Solana ‘God Candle Is Close’ As It Breaks From Crucial Resistance – Top Analyst

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Este artículo también está disponible en español. Solana recently broke its yearly high at $210, sparking a surge in trading activity as the altcoin now attempts to consolidate above this key level. This period of volatile price action highlights Solana’s strong position within the market, as investors watch for signs of a further breakout.  Top analyst and investor Immortal recently shared an insightful technical analysis comparing Solana’s chart to Bitcoin’s historical price movements, suggesting that Solana’s next breakout may be imminent. Related Reading As the market reaches new highs, Solana’s…

Analyst reiterates ‘Buy’ rating on Bitfarms stock despite selloff

H.C. Wainwright & Co. analysts reiterated their “Buy” rating on Bitcoin mining company Bitfarms.  This rating follows a 15% decline in the stock price after Bitfarms announced delays to its year-end 2024 expansion targets, according to a note shared with crypto.news. While Bitfarms reported positive third-quarter results with revenue growth of 8% to $44.9 million, the company announced it would delay its hash rate goal—measuring its computing power in Bitcoin (BTC) mining — of 21 exahashes per second (EH/s) from late 2024 to early 2025. It also withdrew its 2025…

Crypto Enforcement Shackles May Take Time to Resolve

While an incoming chairman appointed by Trump, a recent crypto convert, could effectively clear the decks of future enforcement actions, dealing with the many cases already being litigated is a stickier prospect. Turning the SEC ship could take several months into 2025 — maybe longer. And even then, the lawyers say, dramatic case dismissals might not even happen. Source

MicroStrategy’s (MSTR) Michael Saylor Touts Positives of BTC Reserve

The idea of the U.S. buying strategic assets isn’t new, reminded Saylor, pointing to the acquisition of Manhattan, the Louisiana Purchase and the buying of California and Alaska in the 19th century. All resulted in multi-trillion dollar returns for the county, he said. There have also been several other strategic purchases made in the history of the nation like gold, oil, grain and helium, noted Saylor. Source

Vaneck’s Matthew Sigel Sets Bitcoin Target at $180,000

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Matthew Sigel, head of digital assets research at Vaneck, projects a significant upward trajectory for bitcoin, setting a target price of $180,000. Bitcoin Could Reach $180,000 by Next Year, Says Vaneck’s Sigel Sigel’s outlook on bitcoin (BTC) remains bullish, fueled by what he identifies as indicators of a continued rally. Following recent price surges, he […] Original

18 GOP AGs sue SEC as Gensler hints resignation

Donald Trump’s promise of a U.S. SEC without Gary Gensler may be realized ahead of schedule amid state lawsuits and resignation chatter. Wall Street’s top cop-on-the-beat has been accused of “unconstitutional overreach” and “unfair persecution” of the $3 trillion cryptocurrency industry, according to a lawsuit signed by 18 Republican Attorneys Generals. The lawsuit alleges that the United States Securities and Exchange Commission and its commissioners, led by chair Gary Gensler, overstepped their jurisdiction and disregarded state economic autonomy. JUST IN: 🇺🇸 18 US states are suing the SEC for unconstitutional…

Solana Surges As Momentum Resumes, Is $240 the Next Stop?

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Solana (SOL) is gaining momentum once more, with bullish energy pushing it higher as it aims for the next major resistance at $240. Following recent consolidations, SOL has surged onto traders’ radars with renewed buying interest, sparking optimism that the climb will continue. With market sentiment turning increasingly favorable and technical indicators pointing toward further gains, all eyes are on SOL’s potential to break through its next significant threshold. Could this be the start of a rally that propels Solana to new heights? As bullish momentum builds, this article delves…

Bitcoin Price (BTC) Falls Following Jerome Powell Comments

The price of bitcoin (BTC) fell about 1.5% to $88,300 in the minutes following Powell’s comments. The price at press time had dipped a bit further to $88,000, down 3.2% over the past 24 hours. Ether (ETH) is down by a similar amount. The broader CoinDesk 20 Index, however, is up 0.5% over the same time frame. It’s being led by a 13% advance for Ripple’s (XRP), perhaps cheered by remarks from Securities and Exchange Commission Chair Gary Gensler which could be interpreted as his planning to quietly exit his…