The US District Court for the District of Utah has recently made a decision to dismiss the Securities and Exchange Commission’s (SEC) case against DEBT Box without prejudice. In addition, the court has imposed fines totaling over $1.8 million against the SEC for what it deemed as bad faith conduct. The fines, which will be
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The recent pump of the new Solana meme coin SHIB has caught the attention of many traders in the crypto market. With a staggering 24-hour change of +5,300%, SHIB on Solana is currently trading at a market price of $0.00388. The price action suggests that the token is in a consolidation phase, primed for a
The Rehabilitation Trustee of the defunct crypto exchange Mt. Gox has confirmed that it has not sold its significant Bitcoin holdings despite transferring over 140,000 BTC (approximately $10 billion) today. The trustee clarified in a May 28 statement that preparations to repay creditors were ongoing. According to the firm, the bankruptcy process will compensate creditors
In the world of cryptocurrency, there is a well-known analyst and enthusiast named Crypto Con who has shared a positive sentiment surrounding the future of Bitcoin. According to Crypto Con’s analysis, historical patterns indicate that the price of BTC might skyrocket to $123,832 in the upcoming months. By closely studying past market behavior and trends,
In the bustling world of NFTs, Magic Eden Marketplace has emerged as a vibrant hub for enthusiasts in 2024. Initially focused on the Solana-based NFT sector, this decentralized marketplace has expanded to support Ethereum NFTs and the latest Bitcoin ordinals. With an impressive user count and reputation for low transaction costs, Magic Eden is the
The approval of spot Ether ETFs by the U.S. Securities and Exchange Commission has sparked discussions about the potential impact on the market. According to a report by Kaiko, if Grayscale’s upcoming Ether ETF follows the trend set by the company’s Bitcoin Trust, it could see an average outflow of $110 million per day. The
Ethereum (ETH) is currently experiencing a significant technical breakout, leading the way for a potential market surge. Analysts, such as Jelle, have pointed out that Ethereum has broken out of a bearish pattern, specifically the “falling wedge,” and has successfully turned key resistance levels into support zones. The current push towards the $4,000 mark indicates
Following a crucial week for Ethereum, a technical candlestick arrangement indicates that ETH prices could be gearing up for a significant uptrend in the near future. An analyst points out events in the monthly chart, highlighting the reversal of the ETH/BTC ratio from a multi-year support trend line. Historically, when prices bounce off this line,
The value of the Normie (NORMIE) token plummeted by a staggering 99% in just three hours following a smart contract exploit. This unfortunate event saw the market cap of the token drop from $42 million to a mere $200,000 in a very short amount of time. The developers of the Base meme coin, where Normie
The European Securities and Markets Authority (ESMA) has recently raised concerns regarding Maximum Extractable Value (MEV) as a form of illegal market abuse in the context of the proposed technical standards for the Markets in Crypto-Assets (MiCA) regulation. Patrick Hansen, a well-known figure in the crypto regulation space, has drawn attention to this issue on