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In a positive development for the crypto industry, the US Securities and Exchange Commission (SEC) plans to end its 20-month-long legal battle against crypto exchange platform Coinbase and withdraw the enforcement case, a shift from the agency’s previous “regulation by enforcement” approach. SEC To Dismiss Coinbase Lawsuit On Friday, Coinbase announced that the SEC’s staff had agreed in principle to drop its lawsuit against the crypto exchange platform. In a video shared on X, the exchange’s CEO, Brian Armstrong, revealed that the US regulator had informed them of their plan to withdraw their litigation against the crypto platform. He explained…
XRP, a prominent altcoin, finds itself trading below the $2.60 mark, having experienced a drop of over 2% in just 24 hours. The cryptocurrency has seen a decline exceeding 8% throughout the past week, erasing all recent price improvements. Market experts suggest a potential rebound if key support levels can be maintained.Is XRP’s Price Correction Coming to an End?What Are the Key Support Levels for XRP?Is XRP’s Price Correction Coming to an End?Analysts are debating whether XRP’s current price slump may be concluding. Following a brief resurgence after a significant drop earlier in the month, XRP has faced further declines.…
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The latest malicious hack on ByBit is officially the largest crypto heist in history.Such events have traditionally had a negative impact on the market, usually in the form of FUD and sell pressure. So, what’s different this time?The ByBit hack has so far not demonstrated any significant impact on the market.Most of the top coins were are still locked in sideways price action which was the case even before the malicious attack.The hack triggered bearish expectations in the market with many investors anticipating significant downside.This was evident by the ratio of liquidations that occurred in the last 24 hours.– Advertisement…
Legendary investor Warren Buffett opined on a wide range of topics in his much-anticipated annual letter to shareholders, including the U.S.’ worsening fiscal problems, advice for the Trump administration as well as his 60-year career at Berkshire Hathaway . Here are the best highlights from Buffett’s 2024 annual letter: The “Oracle of Omaha” revealed that Berkshire last year paid $26.8 billion in taxes, about 5% of what all of corporate America paid. He urged the current administration to spend taxpayers’ money wisely and maintain a stable currency. So thank you, Uncle Sam. Someday your nieces and nephews at Berkshire hope…
Joe McCann, a hedge fund founder with experience of more than 25 years, has been up to some interesting research as far as meme coin investing is concerned. His flagship fund, called the Technology Master Fund, is ranked third in the world in terms of 12-month cumulative returns. This is as of March 2024. When the world was jumping into trending meme coins, McCann developed a pretty unique method of catching the bull by its horns. He merged the traditional Wall Street methods of mitigating risk and the frenzy of the meme market to build a new ‘Meme Street’ investing…
Bears have turned out to be more powerful than bulls at the beginning of the weekend, according to CoinMarketCap.Top coins by CoinMarketCapBTC/USDThe price of Bitcoin (BTC) has declined by almost 2% over the last day.Image by TradingViewOn the daily chart, the rate of BTC is more bearish than bullish. The price is far from important levels, which means any sharp moves are unlikely to happen soon.RelatedIf buyers want to seize the initiative, they need to return above the vital area of $100,000.Bitcoin is trading at $96,497 at press time.ETH/USDEthereum (ETH) has followed the drop of Bitcoin (BTC), going down by 1.98%.Image…
Feb. 22, 2025 9:59 AM ETEli Lilly and Company (LLY) Stock, PFE Stock, JNJ Stock, MRK StockAMGN, BIIB, GILD, GSK, NVS, BMY, RHHBY, TAKBy: Dulan Lokuwithana, SA News EditorAnna MoneymakerPresident Donald Trump has warned a group of major U.S. drugmakers that his administration is set to impose tariffs on pharmaceutical goods, and they should start moving their manufacturing businesses to the U.S., Bloomberg News reported Saturday. Trump made the ADVERTISEMENT: Halo, sobat pencinta slot! pernahkah mendengar istilah “slot gacor”? Kalau tidak, siap-siap jatuh hati sama konsep ini. slot gacor adalah mesin slot yang sering memberi win. Yup, mesin-mesin ini bisa…
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…
A former payroll processing staff member at Bybit, Ho Kai Xin, has recently been sentenced to nine years and 11 months in jail on February 20. The charges stemmed from her fraudulent activities that involved defrauding ByBit Fintech, a Seychelles-based cryptocurrency exchange, of over $5.7 million. The Charges And How The Fraud Happened According to news media Straits Times, Ho was convicted on multiple charges, including cheating, dealing with the proceeds of criminal conduct, and providing false information to authorities. In January, Ho had already served a six-week jail sentence for contempt of court after spending a portion of the…