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Bitcoin hits $30.2K August high amid warning longs ‘chasing’ BTC price

Bitcoin (BTC) consolidated at a key flip zone on Aug. 9 as BTC price strength staged a sudden return.BTC/USD 1-hour chart. Source: TradingViewBTC price toys with $29,700 “party” levelData from Cointelegraph Markets Pro and TradingView showed BTC/USD trading near $29,800 after a surge during the previous day’s Wall Street trading

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Hester Pierce strikes back against SEC crypto warning to accountants

Hester Pierce, commissioner of the United States Securities and Exchange (SEC), has raised concerns about the watchdog's recent warning advising accounting firms against taking on non-audit work for crypto clients.In a July 28 tweet, Pierce questioned the recent statement made by the SEC's chief accountant, Paul Munter, warning accounting firms

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SEC’s Gensler Rebuffs Crypto Complaints, Says Gave Ample Warning Before Hitting Binance, Coinbase

“Some additional utility does not remove a crypto asset security from the definition of an investment contract,” Gensler said, though he added that tokens built for exclusive use in their blockchain ecosystems can be exempted from such accusations. “The investing public generally buys these crypto assets, at least in part,

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