Day: November 15, 2024

Crypto Vs. Gensler: 18 States File Lawsuit Against SEC Over Alleged Industry Persecution

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For months, the cryptocurrency community has criticized the US Securities and Exchange Commission (SEC) under Chairman, Gary Gensler. Gensler’s aggressive regulatory approach has irked many in the industry, particularly the Ripple executives. Today, critics are taking Gensler to court over what they claim as the agency’s “gross government overreach.” According to Eleanor Terrett of Fox Business, 18 states are already frustrated with Gensler’s management style, affecting the crypto industry. Republican attorney generals, including Kentucky’s Russell Coleman, are leading the lawsuit, arguing that the current SEC chair is bullying the sector.…

Floki whipsaws 14% on Coinbase listing

Coinbase meme coin Floki to its listing roadmap two days after announcing PEPE trading on the largest U.S. centralized crypto exchange. Floki (FLOKI) surged over 21% in one hour as Coinbase posted about upcoming trading support for the  $2.7 billion meme coin. The timing of the news coincided with a market-wide recovery, bolstering FLOKI’s price hike. It’s the second time Coinbase has added crypto’s older meme tokens. On Nov. 13, the exchange listed Pepe-The-Frog-inspired (PEPE). Data showed that PEPE reached a new all-time high shortly after. Social media users speculated…

Goldman Sachs’ Bold Bet: Bank Boosts Its Bitcoin ETF Stake to $710 Million

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The substantial increase in Goldman Sachs’ bitcoin ETF holdings demonstrates the growing interest of institutional investors in bitcoin. Institutional Investments in Bitcoin Keeps Rising The U.S. Securities and Exchange Commission’s (SEC) 13F report for Q3 ending Sept. 30 revealed that Goldman Sachs now owns $710 million in cryptocurrency assets. The 13F report is a mandatory […] Original

Flockerz presale crosses $1.8 Million; geared to be the best meme coin investment

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin hits $90K and meme coins soar, while presale meme coin Flockerz raises $1.8 million amid the buzz. After a frantic week where Bitcoin crossed $90K and meme coin prices exploded, traders are taking a breath and digesting what just happened. But at the same time, the new presale meme coin Flockerz (FLOCK) continues to show demand, with its total raise now sitting at $1.8 million. Could this be…

Major Hindrances To Dogecoin Price Hitting $1 According To This Crypto Analyst

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Este artículo también está disponible en español. A crypto analyst, identified as ‘Trading Jesus’ on X (formerly Twitter), unveiled the roadmap for the Dogecoin price to reach $1. By highlighting Dogecoin’s resistance and support levels, the analyst has underscored the major hindrance to the meme coin hitting the $1 milestone.  Dogecoin Price Roadmap To The $1 Target In his X post, Trading Jesus shared a Dogecoin chart on the 1-hour timeframe showing the support and resistance levels as the Dogecoin price aims for the $1 mark. Currently trading at $0.36,…

Solidion Technology Allocates 60% of Its Cash to Buying Bitcoin

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Solidion Technology follows other institutional investors such as Microstrategy by purchasing bitcoin with a plan for future acquisitions. Strategic Bitcoin Allocation for Solidion Treasury Solidion Technology, a provider of advanced battery materials, announced on Thursday that it had invested a portion of its excess cash reserves in bitcoin. This strategic move aligns with the company’s […] Original

What Does Trump's Win Mean for Crypto?

Donald Trump and the Republican Party at large had a strong 2024 election, winning the presidency, Senate and House. This almost certainly guarantees crypto legislation will advance and become law sometime in the next two years. It also heralds a potentially softer approach from regulators toward the sector. Source

FTX Targets Binance and CZ With $1.8 Billion Clawback

Crypto mogul Changpeng Zhao—notoriously known as “CZ”—may be out of prison, but he’s not out of hot water yet. The bankruptcy estate of former-leviathan FTX has filed suit against Binance and its ex-CEO, CZ, seeking to recoup nearly $1.8 billion in allegedly fraudulent transfers. The following opinion editorial was written by Alex Forehand and Michael […] Source CryptoX Portal

Bank Clients Just Dipped Their Toes Into Bitcoin (BTC) ETFs, but Q4 Could See a FOMO Spike

Other top-tier banks/wealth management operations, including Morgan Stanley, Cantor Fitzgerald, Royal Bank of Canada, Bank of America, UBS and HSBC, didn’t add to or subtract much from their positions. A new entrant was Australian investment bank Macquarie Group, which purchased 132,355 shares of IBIT worth $4.8 million. Wells Fargo, which has a very minor stake in the ETFs, held most of its shares in the Grayscale Bitcoin Trust (GBTC) and Grayscale Bitcoin Mini Trust (BTC). Source