First Mover Americas: Bitcoin Soars Past $30K The latest price moves in bitcoin (BTC) and crypto markets in context for April 11, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto marke CryptoX Portal
The Securities and Exchange Commission said in March that it was planning to add additional staff to the unit. Source
XRP (XRP) rose 2.1% to $0.52 on April 11, extending its daily gains from $0.50 alongside a broader cryptocurrency market rally as traders pinned hopes on easing inflation data into April 12. XRP price: lackluster volumes raise risk of 25% correction XRP’s upside move brought it closer to breaking out of its prevailing bull pennant range with a price target of $0.65. XRP/USD daily candle price chart. Source: Tradingview However, lackluster volumes accompanying XRP’s gains hinted at a potential price correction in the future. That could mean a short-term pullback toward…
The U.S. Securities and Exchange Commission’s Investor Advisory Committee has advised the SEC to “aggressively” assert authority over crypto assets that are securities. The advisory committee believes that “virtually all, if not all, crypto tokens are securities,” urging the regulator to “make crypto asset-related enforcement a top priority.” SEC Urged to ‘Aggressively’ Assert Authority Over Crypto Securities The U.S. Securities and Exchange Commission (SEC) Investor Advisory Committee (IAC) submitted its view on the regulation of crypto assets to the SEC on Thursday. The committee was established under Section 911 of…
Japan-based decentralized autonomous organization (DAO) Sushi’s head chef Jared Grey and his counsel stated that as far as they know, no one associated with Sushi has violated U.S. federal security laws, while providing reassurance that he is cooperating with the United States Securities and Exchange Commission (SEC) subpoena. In an April 8 statement, Grey answered the most commonly asked questions from the community in an FAQ format regarding the subpoena served to him, suggesting it is unknown what actions the SEC will take towards others associated with Sushi in the future.…
Crypto-friendly Congressman Tom Emmer has slammed U.S. Securities and Exchange Commission (SEC) chair Gary Gensler for his approach to cryptocurrency regulation, labeling him as a “bad faith regulator.” Great interview by @laurashin with @GOPMajorityWhip! Congress is working in their districts this week and next, but expect a VERY busy last 2 weeks of April for crypto policy as legislation and oversight of the regulators ramps up. Stay tuned https://t.co/ZSsTFJ9pt7 — Ron Hammond (@RonwHammond) April 7, 2023 During an April 7 appearance on the Unchained podcast hosted by author and crypto…
The United States Securities and Exchange Commission is moving forward with a resolution to the case against a former product manager at Coinbase Global accused of insider trading. In an April 3 filing in U.S. District Court for the Western District of Washington, the SEC said it had reached “an agreement in principle” with Ishan Wahi. The former Coinbase employee — along with his brother Nikhil Wahi and associate Sameer Ramani — allegedly used confidential information he obtained from the crypto exchange in order to profit off new listings of…
US government agencies have been actively encouraging similar ideas associated with financial literacy since 2003 when April was formally appointed the National Financial Capability Month. The United States Securities and Exchange Commission (SEC) has revealed a series of education events focussing on underrepresented communities and others- but indicated that competitors should be educated to practice caution while using crypto. In an April 3rd announcement, the SEC disclosed that it would talk to communities including high school students, members of the military, investors along with native Americans to publicize financial literacy.…
The United States Securities and Exchange Commission has announced a series of educational events targeting underrepresented communities and others — but suggested participants would be taught to “exercise caution” on crypto. In an April 3 announcement, the SEC said it will reach out to groups including high school students, members of the military, older investors, and native Americans in an effort to promote financial literacy. However, the financial regulator suggested its approach at such events could include “how to avoid becoming a victim of fraud” using cryptocurrencies. The SEC cited…
Over the past week, the share price of COIN by Coinbase, a cryptocurrency exchange platform, plummeted by around 15%. The dip comes days after Coinbase announced it received a Wells notice from the Security Exchange Commission (SEC). The regulator believes the exchange may be involved in a possible “violation of investor-protection laws.” Coinbase’s announcement of a potential lawsuit has impacted its market performance. Consequently, crypto users are looking for alternative high-potential altcoins for 2023. Amid the market gloom, DigiToads is among the cryptocurrency attracting many investors with its wide variety…