For the past eleven weeks, investors have withdrawn money from blockchain stocks due to growing anxiety over Bitcoin‘s halving event. With miners now earning only 3.125 Bitcoins as rewards instead of the previous 6.25 Bitcoins, concerns about profitability are mounting. This trend has resulted in a significant $9 million withdrawal from blockchain equities. The potential … Read more
After a court verdict in the Southern District of New York on April 19th, 2023, the SEC is pursuing $4.7 billion in civil penalties against Terraform Labs and its founder Do Kwon. The court had previously determined that they had deceived investors. Courtlistener Additionally, the SEC seeks a judge’s approval for an injunction barring Kwon … Read more
A phony letter, claimed to be written by Senator Elizabeth Warren, proposed a 1% tax on cryptocurrency assets valued over $500,000. Unwitting crypto investors fell for the deception. During that period, there wasn’t any discovered letter asking President Biden to back Senator Warren’s proposed legislation concerning cryptocurrencies, despite their intention to enhance the US financial … Read more
Two lawyers from the Securities and Exchange Commission (SEC), Michael Welsh and Joseph Watkins, stepped down from their roles following allegations of negligence in a high-profile crypto case involving Debt Box, a Utah company. (Source: Bloomberg) More recently, Robert Shelby, the SEC director, faced disciplinary action for the first time in his career. This came … Read more
According to economist Henrik Zeberg’s belief, Bitcoin (BTC) may hit a price range of around $110,000 to $115,000 within the next few months. TGH Special Guest | Henrik @henrikZeberg shares his Melt-up then Meltdown Narrative. — TradeGATEHub (@TradeGateHub) April 16, 2024 He is inclined to view the monthly RSI as a model of bullish cycles. … Read more