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Bitcoin's (BTC) market dominance has traditionally been viewed as a key indicator of its market strength. Currently, the metric is at a multi-year high above 51%. Bitcoin dominance. Source: Coinmarketcap.comHowever, a closer analysis suggests that the concept of "Bitcoin dominance" might not be as informative as it seems, especially when considering
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"These investment schemes are often marketed as a unique opportunity to earn lucrative profits and secure generational wealth through blockchain technology, a metaverse, liquidity and staking pools, a tokenized skyscraper and digital assets purportedly convertible to physical gold," the Texas agency described in its emergency cease-and-desist order. Original Source
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It is worth noting that the SEC’s action come only days after BlackRock unveiled its ticker symbol (IBTC) in anticipation of the approval of its spot Bitcoin Exchange Traded Fund (ETF). The US Securities and Exchange Commission (SEC) recently fined BlackRock Advisors LLC, a subsidiary firm of BlackRock Inc (NYSE: BLK),
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The Hong Kong Monetary Authority (HKMA) is taking a decisive stance against cryptocurrency-related companies that falsely present themselves as banks. Hong Kong cracks down on crypto businesses The HKMA has issued a stern warning to cryptocurrency-related firms that are misrepresenting themselves as banks or describing their products as deposits. According to HKMA,
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Earlier this week, Genesis and its parent company, Digital Currency Group, said more than 230,000 retail creditors who used Gemini’s Earn program stand to be made “nearly whole” under a proposed remuneration deal to be voted on later this year. Earn was offered to customers of the Gemini crypto exchange,
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Active user count can be a misleading metric for measuring the state of a crypto ecosystem as a small group of users can generate a significant portion of activity across multiple wallets, argues the co-founder of a blockchain analytics provider.0xScope’s co-founder and chief data scientist, Philip Torres, told Cryptox amid
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Fintech investment adviser Titan Global Capital Management has agreed to a cease-and-desist order by the United States Securities and Exchange Commission (SEC), along with censure and penalties after the agency pressed charges against it relating to advertising and compliance failures.According to the SEC, the New York-based firm made misleading claims
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto fintech Helio Lending will face a non-conviction bond after falsely claiming it held an Australian credit license. On Aug. 17, the Australian Securities and Investments Commission (ASIC) stated in a press release that crypto fintech Helio
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a bid to regulate the communication of information regarding crypto-related products, the Financial Conduct Authority (FCA) has introduced new rules that specifically target companies operating in the United Kingdom. This directive, as stated in a notice
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A federal judge overseeing the lawsuit between Binance.US, Binance Holdings Limited and CEO Changpeng “CZ” Zhao and the United States Securities and Exchange Commission (SEC) has denied a motion that could have stopped the financial regulator from issuing public statements related to the case.In a June 26 ruling in the
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