Crypto

The U.S. Securities and Exchange Commission recently announced charges against Galois Capital, a crypto-focused advisory firm that held client assets at FTX. The SEC found that Galois failed to ensure that the crypto held by the private fund it advised was with a qualified custodian, instead opting for unqualified platforms like FTX. This decision led
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Bitcoin has recently slipped to under $56,000, continuing its downward trajectory in the market. Arthur Hayes, co-founder and former CEO of BitMEX, has predicted that in a worst-case scenario, the cryptocurrency could drop to $50,000. This bearish outlook is based on broader macroeconomic factors, including actions by the Federal Reserve and dynamics in the US
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The Ethereum market has experienced a significant shift recently, with rising exchange reserves indicating a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric has been a key indicator, tracking the amount of ETH held in exchange wallets. A rise in this metric often signals that traders are moving their ETH onto exchanges in preparation
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Recently, the renowned crypto analyst ‘Titan of Crypto’ shared with his massive following a technical pattern that has never been witnessed before in the cryptocurrency market. This pattern is none other than a golden cross forming between the 100-day moving average and the 200-day moving average. Traditionally, a golden cross occurs when a shorter-term moving
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Last week, the digital asset investment product market experienced a significant outflow of $305 million. CoinShares pointed to this negative sentiment as being widespread among various providers and regions. The reasoning behind this abrupt change in sentiment was attributed to the release of stronger-than-expected economic data from the United States. This data lessened the chances
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