Tag: Issues

UK FCA Issues Hundreds of Warnings Against Crypto Companies and Exchanges

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The UK’s Financial Conduct Authority (FCA) is ramping up its push to police the crypto industry, issuing warnings to unregistered exchanges and seeking legal action against companies serving UK residents or promoting digital assets in the country. The FCA issued hundreds of warnings against unlicensed crypto exchanges in October, including Elite Bit Markets, Nexure Gainbit, Plux Crypto and HTX.  On Tuesday, the agency filed a lawsuit against HTX for promoting crypto services to UK residents, a spokesperson for the FCA confirmed to Cointelegraph. The FCA also said: “We have seen…

Michael Saylor Issues Rally Cry To Bitcoin Army: “Starve The Bears!”

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Michael Saylor’s latest push to steady Bitcoin holders arrived as markets wobbled this week. A 15-second clip and a fresh corporate buy were timed closely, and both landed while investors were still digesting a sharp pullback that pushed Bitcoin near $102,000 before a rebound. Related Reading Saylor Issues Viral Warning According to a short cinematic video titled “Don’t Feed The [Bitcoin] Bears,” Saylor used a playful metaphor — “Ursus Bitcoinius, the Bitcoin Bear” — to urge holders not to reward bearish chatter. Based on reports, Strategy, formerly MicroStrategy, also announced…

$231K Bitcoin? Citibank Issues Bold Short-Term Crypto Prediction

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Citibank has issued fresh 12-month price targets for Bitcoin and Ethereum, laying out a wide set of possible outcomes that range from steep drops to large gains. Related Reading According to the bank’s latest note, Bitcoin’s base case sits at $181,000, while a bearish scenario puts it at $82,000. A bullish run could push Bitcoin to $231,000 within a year. Citi Lays Out Wide Range Based on reports, Citi is avoiding a single forecast and instead gives three clear paths for Bitcoin. The bank’s bearish mark of $82,000 represents a…

Bitcoin faces quantum risk: Solana co-founder issues warning

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Solana co-founder Anatoly Yakovenko has warned that Bitcoin developers must prepare for a potential quantum computing breakthrough that could render the network’s current security measures outdated. Summary At the All-In Summit, Solana co-founder Anatoly Yakovenko reignited debate over Bitcoin’s long-term security. There’s a “50/50” chance that quantum computers could break its cryptographic defenses within five years. Rapid advances in AI show how quickly theory can become reality. The question is not just if Bitcoin must migrate to quantum-safe cryptography—but when. According to Yakovenko, who was speaking at the All-In Summit…

Expert Who Nailed 2024 Bitcoin Top Issues New Call For $208,000

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CryptoQuant chief executive Ki Young Ju has revived a cycle-top debate with a fresh model-based call that puts Bitcoin’s upper bound at roughly $208,000 per coin. Sharing CryptoQuant’s “Price Prediction Based on Realized Cap” dashboard on X, Ki wrote: “Nobody cares about my calls anymore, but just saying I’m bullish on Bitcoin. Too much capital inflows onchain. Way too much.” The post reprises his data-driven commentary from early 2024, when he argued that “#Bitcoin could reach $112K this year driven by ETF inflows, worst-case $55K.” That framework came conspicuously close:…

Expired Futures Cost StoneX $20K as New York Mercantile Exchange Issues Penalty

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StoneX Financial will pay a $20,000 fine after a CME Group panel found the firm failed to manage a customer’s natural gas futures trade properly, letting a short position run past the contract’s expiration. The violation involved the handling of a customer’s short position that extended beyond the contract’s expiration, raising questions about the firm’s compliance procedures. Join IG, CMC, and Robinhood at London’s leading trading industry event! Expired Contract and Rule Breach The New York Mercantile Exchange Business Conduct Committee found that on November 26, 2024—the last trading day…

Solana Eyes Massive Breakout, But Analyst Issues Crucial Warning

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Solana (SOL) could be near the long-awaited price discovery phase after climbing to a seven-month high. However, an analyst suggested investors remain cautious, as the market rally is “closer to the end than the beginning.” Related Reading Solana Eyes Last Major Resistance On Friday, Solana reached a seven-month high of $241.84 after breaking out of its consolidation range earlier in the week. The cryptocurrency had been trading within the $120-$220 price range since the start of February, failing to reclaim the range’s high during the recent short-term recoveries. The ongoing…

Tether Issues $2B USDT as Crypto Markets Decline, Largest Mint in 9 Months

Key Notes CEO Paolo Ardoino attributes the mint to Binance’s cross-chain swap from Tron to Ethereum without corresponding burns yet recorded. The timing mirrors December’s $2 billion mint during Bitcoin’s pullback from its $100,000 milestone breakthrough. Historical patterns suggest potential Bitcoin recovery toward $118,000 ahead of the September 17 Federal Reserve meeting. Tether, the issuer of the largest stablecoin by market capitalization, USDT, just minted $2 billion worth of the token on the Ethereum network. This is the single largest mint by the company since December 2024, sending positive waves…

Smarter Web Issues 21M Shares to Boost Growth

Key Notes Smarter Web Company has launched a new 21M share offering. Trading of the new shares on the Aquis Stock Exchange is expected around September 9. Proceeds will fund growth, with directors accepting minor dilution in exchange for stronger capital. The Smarter Web Company has signed a new subscription agreement to issue 21 million ordinary shares, doubling down on a fundraising strategy first used in June. The company said most shares from the earlier deal have already been placed, and the fresh round will further strengthen its balance sheet…