Recently, the company Abra and its CEO William Barhydt were involved in a settlement with 25 US state regulators for providing crypto trading services without the necessary licenses. The agreement included a waiver of monetary penalties totaling $250,000 per jurisdiction in exchange for $82 million in customer refunds. Abra also agreed to cease accepting crypto
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Nigeria’s Securities and Exchange Commission (SEC) recently issued a 30-day ultimatum for crypto exchanges and digital asset traders to re-register their businesses. The warning came with a stern message of enforcement actions against non-compliance. This initiative is part of the Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers (VASPs) aimed at bringing the
Bitcoin, the digital gold that has been dominating the cryptocurrency market, is facing a critical juncture as it encounters a slight dip in its price after a remarkable performance in the first part of 2024. Breaking through the significant $71,000 mark was a significant achievement, but the current price hovers around the crucial $61,000 support
Bitcoin recently faced a significant rejection at the $62,498 resistance level, highlighting the prevailing bearish dominance in the market. This failure to break through a critical threshold has led to concerns about potential downward trends. As of the time of writing, the market capitalization of Bitcoin is over $1.2 trillion, with a trading volume of
Aayush Jindal is a prominent figure in the financial markets, with a wealth of experience spanning over 15 years in Forex and cryptocurrency trading. From a young age, Aayush showed a natural aptitude for decoding complex systems and identifying patterns. His insatiable curiosity for understanding market dynamics fueled his journey to becoming a respected advisor
Ethereum has recently seen a recovery wave from the $3,230 zone, climbing above $3,350. However, the digital asset is now facing a notable obstacle at the $3,420 mark. Despite starting an upside correction from the $3,240 support zone, Ethereum remains below $3,420 and the 100-hourly Simple Moving Average. There is a crucial bearish trend line
Spot Bitcoin ETFs have been experiencing outflows for seven consecutive days, coinciding with a decline in the Bitcoin price. This suggests that institutional sell-offs and miner sell-offs may be directly linked to the recent trend of fund outflows. The outflows have averaged around $100 million daily, totaling approximately $1.2 billion pulled out from the funds
In a recent development, a US bankruptcy court has given FTX the green light to collect votes on a liquidation proposal that would compensate customer claims with cash. The plan, which is based on crypto prices at the time of FTX’s collapse in November 2022, has sparked controversy among some customers who argue that they
Aayush Jindal is widely recognized as a luminary in the world of financial markets, with an impressive track record spanning over 15 years in Forex and cryptocurrency trading. His expertise is unparalleled, especially in providing technical analysis to investors globally. Aayush’s keen insights and astute chart analysis have positioned him as a trusted advisor and
Aayush Jindal is a prominent figure in the financial markets, with an extensive background spanning over 15 years in Forex and cryptocurrency trading. Known for his exceptional skills in technical analysis, Aayush has established himself as a trusted advisor and senior market expert, guiding investors worldwide through the complexities of modern finance with his insightful
