The US Securities and Exchange Commission (SEC) recently charged and settled with hedge fund Galois Capital Management LLC over a private fund that was primarily investing in cryptocurrencies. The charges were related to Galois Capital’s alleged failure to comply with client asset safeguarding requirements, particularly with regards to crypto assets that were considered securities by
Trading
The U.S. Securities and Exchange Commission recently imposed charges against Galois Capital, a crypto-focused advisory firm that held client assets at FTX. As a result of their actions, Galois has agreed to pay a civil penalty of $225,000, which will be distributed to affected investors. The SEC found that Galois failed to ensure that the
Samuel Edyme, also known as HIM-buktu, is not your average web3 content writer. His path into the world of cryptocurrency was not paved with success stories, but rather with a painful lesson from a Ponzi scheme. Despite falling victim to a scam early on, Edyme did not give up. Instead, he used this setback as
Cardano recently underwent the highly anticipated Chang upgrade on its Layer-1 blockchain. This update brought significant changes to the platform, including on-chain voting, Delegate Representatives, improved smart contract capabilities, and a new governance structure with cost model enhancements. Despite these advancements, Cardano (ADA) has seen a decrease in price, triggering concerns among investors. At the
Bitcoin, the leading cryptocurrency, experienced a significant drop in value from $59,076 to $57,127 during the early Asian trading session, highlighting its vulnerability to external factors. One of the looming threats is the US recession, which has instilled palpable tension in financial markets. This is particularly crucial for Bitcoin, as it has yet to undergo
Arthur Hayes, the co-founder and former CEO of BitMEX, recently shared his bearish outlook on the crypto market in his latest article titled ‘Boom Times… Delayed.’ He predicted a potential decline in Bitcoin’s price to under $50,000, attributing this downtrend to broader macroeconomic factors and market dynamics. Hayes pointed out that the actions of the
The recent price volatility of Bitcoin, including a dip below $50,000 last month, has caused concern among investors. However, despite this setback, some experts are optimistic about the future of Bitcoin. CryptoCon, a popular crypto analyst, believes that the bull run is still on track. According to CryptoCon, once the current price corrections stabilize, Bitcoin
The Ethereum market is experiencing a shift in dynamics, with rising exchange reserves indicating a potential new distribution phase. The CryptoQuant’s Ethereum Exchange Reserve metric has been on the rise, tracking the amount of ETH held in exchange wallets. This uptick in the metric suggests that traders are transferring their ETH to exchanges in preparation
Bitcoin (BTC) has faced unexpected challenges this year, with its price dropping below the $60,000 mark after initial expectations of a steady increase. The prolonged bearish performance of the cryptocurrency has raised concerns among analysts, with some predicting a further decline below $40,000. This has sparked debates within the crypto community about the future trajectory
In recent times, the cryptocurrency market has experienced a lackluster performance, with a noticeable decline in whale activity across major digital assets. Santiment’s latest analysis reveals that both Bitcoin and Ethereum have witnessed a significant drop in transactions exceeding $100k. During the active period of March 13-19, Bitcoin recorded 115.1k transactions valued at over $100k