No chart pattern is more common in trading than the double bottom or double top. Double top and bottom patterns in the chart occur when the underlying crypto asset – Bitcoin price moves in a similar pattern to the letter “W” (double bottom) or “M” (double top). A double top...
The U.S. Commodity Futures Trading Commission asked a Manhattan federal judge to enter a final judgment against a purported cryptocurrency trader Michael Ackerman and his two companies Q3 Holdings LLC and Q3 I LP in connection with wire fraud and misappropriation of customers funds. Together, restitution and the fine would...
BitGo, a U.S. based crypto firm that offers both custodial and non-custodial digital wallet management services has agreed with OFAC to remit $98,830 towards the settlement of a violation of the sanctions compliance program. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) found that between 2015 and 2019,...
Asset manager VanEck has filed for a new Bitcoin exchange-traded fund (ETF). After Bitwise’s ETF rejection by the SEC last year, VanEck withdrew its application and now has filed for a new fund, called the VanEck Bitcoin Trust. It is essential for Bitcoin ETF’s approval to have a representative price...
A pretrial conference on the SEC vs Ripple case has been set for Feb 22, 2021. The pretrial is a conference prior to the actual trial ordered by the court to discuss the issues of the case.The U.S. district couth of New York Southern will facilitate the meeting telephonically in...
The Securities and Exchange Commission (SEC) announced on Tuesday it has filed the lawsuit against Ripple Labs Inc. and two of its executives – Ripple CEO Brad Garlinghouse and cofounder Chris Larsen- for raising over $1.3 billion through an unregistered, ongoing digital asset securities offering. In response, Brad Garlinghouse, the...
The U.S. Treasury Department’s financial crimes unit – FinCEN – is seeking to address gaps in cryptocurrency transaction reporting by requiring financial institutions and crypto exchanges to report the movement of crypto funds above certain amounts. Under the new proposed rule from the Financial Crimes Enforcement Network (FinCEN), financial institutions...
The Securities and Exchange Commission (SEC) announced on 22 Dec that it has filed the lawsuit against Ripple Labs Inc. and two of its executives – Ripple CEO Brad Garlinghouse and cofounder Chris Larsen- for raising over $1.3 billion through an unregistered, ongoing digital asset securities offering. As per the...
The cryptocurrency market is experiencing the return of bears. For over two weeks, Bitcoin is holding in extreme danger zones. With the largest cryptocurrency trading under crucial support levels, the traders are mostly cautious regarding the near-term price trend of Bitcoin, seemingly waiting for Bitcoin (BTC) to establish a clear...
Mt Gox was a Bitcoin exchange based in Tokyo, Japan that went bankrupt and halted all withdrawals in Feb 2014 after more than 850,000 BTC were supposedly lost to hackers, with 200,000 bitcoins recovered 2 weeks later. At the time, Bitcoin was trading at around $700 and Mt Gox was...
