Category: Other Crypto News

DeFi Education Fund Drops SEC Lawsuit as Crypto Stance Softens

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Texas-based apparel company Beba and crypto lobby group DeFi Education Fund have withdrawn a 2024 lawsuit against the US Securities and Exchange Commission (SEC) over its approach to airdrops, citing a recent shift in the regulator’s approach to crypto. Beba launched a free token airdrop in March 2024 and, together with the DeFi Education Fund, filed a pre-enforcement challenge against the SEC that year. The lawsuit alleged the regulator had adopted its digital asset enforcement policy without a formal notice-and-comment rulemaking process, in violation of the Administrative Procedure Act. The…

Ex-LA Cop Gets 5 Years for Helping Crypto ‘Godfather’

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A former Los Angeles County Sheriff’s Department deputy has been sentenced to more than five years in prison for helping Adam Iza, a jailed crypto founder dubbed “The Godfather,” extort victims. A California federal court handed Michael Coberg 63 months in prison and an order to pay $127,000 in restitution for helping Iza extort one of his rivals and arrange a drug possession arrest of another person, the Los Angeles US Attorney’s office said on Monday.  Coberg had pleaded guilty in September to conspiracy to commit extortion and conspiracy against…

Dogecoin Surges 6% As Whales Scoop Up 470 Million DOGE

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On-chain data shows Dogecoin whales have gone on a buying spree over the last few days, scooping up 470 million tokens of the memecoin. Dogecoin Has Seen A Rally Back Above $0.10 The cryptocurrency sector has kicked off the new week with a surge and Dogecoin has been no exception as the memecoin has reclaimed the $0.10 level after climbing up by more than 5% over the last 24 hours. The below chart shows how the asset’s recent performance has looked. As is visible in the graph, Dogecoin made a…

Key Indicator Flashes First Bullish Signal In 6 Months

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As the crypto market bounces, a key indicator has flashed a key bullish signal on the Ethereum (ETH) daily chart, suggesting the end of its six-month downtrend could be near. However, some analysts have warned investors of a possible bull trap and a subsequent reversal to new lows. Related Reading Ethereum Eyes Trend Reversal Ethereum kicked off the week by breaking above $2,200 for the first time in weeks, reaching a one-month high of $2,320 on Monday morning. The cryptocurrency has been trading between $1,825 and $2,150 since the early…

SEC has Proposed Narrowing Rule 15c2-11 to Equity Securities Only

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The US Securities and Exchange Commission is pushing to clear up years of confusion over a key broker-dealer reporting rule that prevented certain assets from being quoted by broker-dealers on the over-the-counter (OTC) market.  The SEC Rule 15c2-11 was first adopted in 1971, aimed at reducing fraud in the penny stock market. It requires broker-dealers to maintain up-to-date public information about an issuer before it can publish over-the-counter quotes. In 2021, the rule was reinterpreted to also include fixed-income securities (such as government or corporate bonds), which saw backlash from…

XRP Price Climbs to $1.60 — Downside Seen Limited by Strong Support

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Ethereum Price Upside Run Intensifies — $2,400 Break Incoming?

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Ethereum price started a major increase above the $2,250 zone. ETH is now showing positive signs and might aim for more gains above $2,400. Ethereum started a steady upward move above the $2,250 zone. The price is trading above $2,300 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $2,400 zone. Ethereum Price Rallies Over 10% Ethereum price extended its…

Polymarket Users Threaten Reporter to Change Iran Strike Story

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Prediction markets platform Polymarket says it has now banned and reported users who pressured an Israeli journalist with death threats to amend a news article about an Iranian missile strike that was the subject of a $17 million prediction market.  The Times of Israel military correspondent Emanuel Fabian wrote in a report on Monday that he began receiving messages to change his report about an Iranian missile that struck outside the Israeli city of Beit Shemesh on March 10. “As far as I now understand, the emails I received were…

Another Bitcoin Buy Coming? Saylor Sparks Speculation With ‘Orange Dots’ Post

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A short message from Michael Saylor has once again stirred speculation that Strategy could be preparing another large Bitcoin purchase. Related Reading The company’s executive chairman posted a chart on X showing the firm’s Bitcoin accumulation history alongside the phrase “stretch the orange dots.” Market watchers quickly linked the message to the company’s well-known buying pattern, where similar posts have often appeared shortly before a new acquisition is announced. Familiar Signal Appears Again The chart Saylor shared tracks Strategy’s Bitcoin buying history, with each orange marker representing a completed purchase.…

OpenSea Delays SEA Token Launch Amid Tough Market Conditions

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Nonfungible token marketplace OpenSea has postponed the launch of its native token SEA, initially slated for March 30, citing tough market conditions and it not being market-ready. “The reality is that market conditions are challenging across crypto right now, and $SEA only launches once,” OpenSea CEO Devin Finzer posted to X on Monday.  Source: Devin Finzer The OpenSea (SEA) token, announced in October, was touted as part of OpenSea’s plan to transition into a “trade everything” app across multiple chains, which includes perpetual futures.  The SEA token would enable discounted…