SEC Strikes Again: Cumberland DRW Charged For ‘Unregistered Crypto Operations’
The US Securities and Exchange Commission (SEC) has stepped up its regulatory scrutiny of the crypto industry by charging Cumberland DRW LLC with operating as an “unregistered dealer”, underscoring the agency’s relentless enforcement approach that has come under increasing criticism from stakeholders and advocates in the digital asset space. Accused Of Trading $2B In Crypto…
Bitcoin’s Path To $80,000 “Melt-Up” In Q4 2024 – Details Inside
In a recent memo shared with clients, Bitwise CIO Matt Hougan emphasized several factors that could cause Bitcoin (BTC) to “melt-up” to $80,000 in the last quarter of 2024. Factors To Propel Bitcoin To $80,000 Hougan highlighted three essential conditions that could push BTC to new all-time highs (ATH) in 2024. First, he pointed to…
US Charges 14 Individuals And Four Crypto Companies In Major ‘Sham Trading’ Scandal
On Wednesday, US prosecutors charged four crypto companies and 14 individuals in what is hailed as the first criminal prosecution targeting financial services firms for market manipulation and sham trading activities within the crypto sector. Allegations Of Price And Trading Volume Manipulations According to a court filing by the US District Court of the District…
Bitcoin Price Surge In 2024 Not Enough To Beat Gold’s Risk-Adjusted Returns – Details Here
According to Goldman Sachs, Bitcoin (BTC) price appreciation in 2024 failed to compensate for its price volatility risks. Meanwhile, gold’s higher risk-adjusted returns reaffirmed its “safe haven” narrative. Despite The Gains, Bitcoin Fails To Outshine Gold The leading digital asset by reported market cap surged from roughly $42,000 at the beginning of the year to…
Only 43 Tokens Have Outperformed Bitcoin This Year, Most Of Them Memecoins
In a year marked by significant volatility in the cryptocurrency market, memecoins have emerged as key players, outperforming Bitcoin (BTC) and the rest of the largest cryptocurrencies in the ecosystem. This trend was underlined by recent insights from market expert Miles Deutscher, who highlighted a presentation by memecoin analyst Murad at the TOKEN2049 conference in…
Ethereum Proposal EIP-7781 Promises Network Performance Boost – Here’s What To Expect
Ethereum Improvement Proposal (EIP) 7781 aims to reduce Ethereum network slot times, expand blob capacity, enhance decentralized exchange (DEX) performance, and lower gas fees. What Is Ethereum Improvement Proposal – 7781? EIP-7781 has garnered attention from the Ethereum (ETH) community due to its potential impact on the smart contract platform. Proposed by Ben Adams, co-founder…