Cryptocurrency Analysis and News Portal
By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin and the crypto market saw a significant bounce yesterday, before finding resistance at $19,666 – the
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The overall financial market is discouraging this week. Stocks and cryptos are plummeting as anticipation of the upcoming rate hike grows. The
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The U.S. Securities and Exchange Commission (SEC) has ordered crypto firm Sparkster and its CEO to pay $35 million into a fund for distribution to harmed investors. The securities regulator also charged crypto influencer Ian Balina for promoting crypto tokens without disclosing compensation received. SEC’s Cease-and-Desist Order Against Unregistered Crypto Firm The
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Investment products tied to ETH saw a fourth straight week of outflows in the period ended Sept. 16, with the amount removed exceeding new money added by $15.4 million, according to CoinShares. This was not an across-the-board trend in crypto. Funds that invest in ETH’s bigger rival, bitcoin (BTC), broke
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Sparkster will pay $30 million in disgorgement, $4.6 million in prejudgement interest and a $500,000 civil penalty. The company also agreed to destroy its remaining tokens, remove its tokens from any trading platforms and publish the SEC’s order on its website. Daya will also pay a $250,000 civil penalty. Original Source
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A quick flick through Twitter, any social media investing club, or investing-themed Reddit will quickly allow one to find handfuls of traders who have vastly excelled throughout a month, semester, or even a year. Believe it or not, most successful traders cherry-pick periods or use different accounts simultaneously to ensure
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Celsius (CEL) has been on the headlines recently in line with hearing updates following its filing of bankruptcy and sale of stablecoins. CEL
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The charges, filed in the federal district court in Manhattan, allege that Creative Advancement LLC and Edelman Blockchain Advisors LLC, and their owner, Gabriel Edelman, raised $4.3 million by offering and selling securities to four investors using “false and misleading statements” between February 2017 and May 2021. Those statements included
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“Tron has gained significant traction because the Tron network continues to see continued transaction growth, including for stablecoins, and investors familiar with the Asia-Pacific region have started taking notice,” a Valkyrie spokesperson told CoinDesk in an email. “Avalanche is also seeing increased adoption at a substantial rate, including earlier this
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Nevertheless, there are some potential plays in equity markets, crypto exchange Coinbase (COIN) among them, according to Wall Street analysts. “At current [ether] ETH price/staked ETH we estimate COIN could generate $250MM revenue and $60MM contribution profit annualized,” said investment bank Cowen’s analysts led by Stephen Glagola in a Sept.
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