Tag: Firm

Mystery celeb memecoin scam factory, HK firm dumps Bitcoin: Asia Express

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Rumored Shenzhen celeb memecoin factory A mysterious memecoin factory in Shenzhen is rumored to be behind a wave of memecoin scams, allegedly launching over a dozen tokens a month. Brazilian football legend Ronaldinho Gaúcho has been swept into the controversy on Chinese social media. On March 3, Ronaldinho announced the launch of his own memecoin on BNB Chain. Within hours, it skyrocketed to a peak market cap of $30 million, only to come crashing down to around $3.7 million, according to CoinGecko data. Ronaldinho’s X account posts video of the…

SEC agrees to drop lawsuit against Cumberland DRW, says firm

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The US Securities and Exchange Commission will dismiss its case against the Chicago-based Cumberland DRW, the crypto trading firm says. “Today we signed a joint filing to be made with the Securities and Exchange Commission (SEC) dismissing its case against Cumberland DRW,” Cumberland wrote in a March 4 X post.  Cumberland said the filing was agreed in principle between Cumberland DRW and SEC staff on Feb. 20 and is currently awaiting the agency’s approval.  It’s the latest crypto-related lawsuit the SEC has agreed to drop. It has previously dropped cases…

Bitcoin ‘Won’t Stop at $150K’ This Year, Research Firm Chief Says

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Este artículo también está disponible en español. A well-known market analyst believes Bitcoin is on track to reach new highs this year. Tom Lee, the co-founder of Fundstrat Global Advisors, expects the cryptocurrency to do “better than $150,000” by the end of 2025. Related Reading His latest comments come as Bitcoin struggles with recent volatility but remains a popular investment choice among institutional and retail traders. The co-founder of Fundstrat expressed his opinions on CNBC’s Squawk Box, referencing a variety of favorable fundamentals for the price of Bitcoin. Bitcoin Volatility…

This Bitcoin Range The Next Key Resistance, Analytics Firm Says

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The market intelligence platform IntoTheBlock has revealed where the next major obstacle for Bitcoin could lie, according to on-chain data. Bitcoin Has A Major Supply Wall Between $95,400 & $98,200 In a new post on X, IntoTheBlock has discussed about how the various BTC price ranges are looking in terms of on-chain resistance and support. In on-chain analysis, the strength of any support or resistance range is assumed to lie in the amount of supply that was last purchased/transacted by investors at price levels falling in said range. That is,…

Yuga Labs says SEC has dropped its investigation into the NFT firm

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Non-fungible token (NFT) conglomerate Yuga Labs says the US Securities and Exchange Commission has closed its investigation into the company. “After 3+ years, the SEC has officially closed its investigation into Yuga Labs,” the company said in a March 3 X post. “This is a huge win for NFTs and all creators pushing our ecosystem forward. NFTs are not securities.” Bloomberg first reported in October 2022 that the SEC opened a probe into Yuga Labs to determine if certain NFTs were more like traditional stocks and, therefore, securities under US…

Crypto Storage Firm BDACS to Use Ripple Custody for Institutional XRP, RLUSD Holdings

Shaurya Malwa Shaurya is the Co-Leader of the CryptoX tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap,…

Bitcoin Mega Whales The Primary Sellers During Price Crash, Analytics Firm Reveals

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Este artículo también está disponible en español. The market intelligence platform IntoTheBlock has revealed how the largest of Bitcoin holders have been the ones applying selling pressure amid the price decline. Bitcoin Mega Whales Have Been Reducing Their Supply Recently In a new post on X, IntoTheBlock has discussed the latest trend in the Bitcoin supply held by the whales. The ‘whales‘ broadly refer to the entities who own more than 1,000 tokens of the cryptocurrency. Related Reading At the current exchange rate, this amount converts to a whopping $88.9…

Best Crypto to Buy as Top Hong Kong Investment Firm Buys More Bitcoin

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HK Asia Holdings Limited, a top investment firm in Hong Kong, is the latest to join the Bitcoin buying spree among institutions and companies. The firm purchased around 7.88 $BTC on February 20, bringing its total Bitcoin holdings to 8.88 $BTC. Put together, HK Asia had to shell out around $97,021 per $BTC, or $862K in total. It’s worth noting that this is the second time the firm has purchased Bitcoin this month. It bought 1 $BTC on February 16, which immediately skyrocketed its share price. It rose by nearly…

South African Firm Altvest Capital Adds Bitcoin to Treasury

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A South African investment firm, has invested in bitcoin as a treasury strategy, aiming to bolster financial resilience and shareholder value. Altvest Capital to Invest Only in Bitcoin A South African alternative investment firm, Altvest Capital Ltd., announced its first investment in bitcoin (BTC) as part of a strategic treasury management initiative. The Johannesburg Stock […] Original

South African public firm Altvest Capital seeks $10m to adopt Bitcoin as treasury asset: report

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The Johannesburg-headquartered Altvest Capital is seeking regulatory approval to raise $10 million, to make Bitcoin its primary reserve asset. Altvest Capital is planning to become the first listed company in Africa to adopt Bitcoin (BTC) as its primary treasury reserve asset. In a Feb. 21 interview with Bloomberg, Altvest Capital chief executive Warren Wheatley said the company has already bought one Bitcoin and is now asking regulators for approval to raise around $10 million by selling shares. Wheatley noted that no final decision has been made yet on whether to…