Tag: SEC

Bitcoin (BTC) Price Tumbles Below $59K Amid Inflation Worry, SEC Lawsuit

In mid-afternoon U.S. trading, bitcoin (BTC) was lower by about 4% over the past 24 hours. At $59,000, the price has returned to levels not seen since the U.S. Federal Reserve unexpectedly slashed its benchmark interest rate by 50 basis points in mid-September. Altcoins outperformed somewhat, with the broad-based crypto benchmark CoinDesk 20 Index declining just under 3% during the same period. Ether (ETH) dropped 3.5%, while only decentralized exchange Uniswaps’s token (UNI) had positive return during the day on news about the platform’s own layer-2 plans. Source

SEC Sues Crypto Market Maker Cumberland DRW

As one example, the SEC alleged, Cumberland promoted ATOM through, “An email sent to counterparties on February 20, 2023 stated: ‘At the moment, one of the smaller gainers in the sector, outside of ETH and EOS, has been ATOM. ATOM is up ‘only’ 53% YTD, despite strong fundamentals and a healthy developer community; it’s a name where we expect to see a catchup rally if crypto remain buoyant.’” Source

Ripple Plans ‘Cross-Appeal’ in SEC Case to Preserve Its Arguments

“I don’t think that folks who are paying attention should be much distracted by these efforts to create confusion, because I think the judge got it right, and I think they should welcome the opportunity for the court of appeals to roll on this issue and finally, bring the clarity that we need,” Alderoty said about the appeals court taking up the case – though, he added, the U.S. “really needs a policy solution” from legislators rather than court rulings. Source

Crypto.com Files Suit Against SEC Over Expanded Jurisdiction Claims

Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), challenging the regulator’s authority over the sale of digital assets on secondary markets. The lawsuit, filed in the United States District Court for the Eastern District of Texas, alleges that the SEC is unlawfully extending its jurisdiction to include most digital tokens […] Source CryptoX Portal

SEC filing underway, Bitcoin rewards app Fold adopts FLD ticker

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Bitcoin financial services company Fold app has submitted an S-4 SEC filing to the US Securities and Exchange Commission in preparation to go public with its IPO. The Fold app submitted its S-4 SEC filing on Oct. 7. An S-4 filing is a statement created with the SEC by a publicly traded company undergoing a merger or acquisition. In the case of Fold, it announced last July that it plans to go public by merging with FTAC Emerald Acquisition. According to the document, if the merger is approved and recognized…

XRP Takes A 16% Hit In SEC Lawsuit Drama, But Analysts See Hope

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Este artículo también está disponible en español. With about 16% of its value lost in October 2024 alone, XRP, the native coin of Ripple, has been under heavy assault this month. The US Securities and Exchange Commission’s (SEC) fresh appeal in its continuous action against Ripple is driving the price drop. Investors are left wondering about XRP’s future as the legal question of whether it qualifies as a security looms over the token like a dark cloud. Related Reading Hope is mixed with skepticism, as some analysts are nearly optimistic…

Bollinger Bands Indicate XRP Price Surge Ahead Despite SEC Challenges: Expert

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

XRP Macro Charts Signal Explosive Bull Surge Amid SEC Appeal

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Este artículo también está disponible en español. In a technical analysis shared with his followers on X, crypto analyst Bobby A (@Bobby_1111888) provides a bullish prediction for XRP despite the US Securities and Exchange Commission’s decision to appeal the ruling in its case against Ripple Labs. Amid the regulatory turmoil, Bobby’s interpretation of the macro charts suggests a bullish outlook for XRP, contradicting the potential bearish sentiment stirred by the SEC’s latest legal maneuver. Bobby contrasts the immediate market reactions typically triggered by high-profile legal news with the actual long-term…

Analyst Keeps $7.50 XRP Target Despite SEC Appeal Vs. Ripple

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Este artículo también está disponible en español. Yesterday, Wednesday, the United States Securities and Exchange Commission (SEC) formally extended the XRP lawsuit against Ripple by filing a Notice of Appeal regarding Judge Torres’s ruling. Following this news, the price of XRP plunged by more than 10%. However, crypto analyst Egrag Crypto (@egragcrypto) maintains that the bullish setup remains unchanged, with a target of $7.50 still in place for this bull run. Why $7.5 Is Still Possible For XRP Price Egrag’s analysis, shared via X, emphasizes resilience in the XRP pricing…