Crypto News
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A Tesla shareholder filed a lawsuit on Thursday (May 30) accusing CEO Elon Musk of insider trading when he sold over US$7.5 billion of shares of the electric car maker in late 2022, saying the billionaire entrepreneur sold the shares before potentially disappointing production and delivery numbers were made public. Shareholder Michael Perry, in the lawsuit ...
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A former investment banker, who was formerly a registered broker with the Financial Industry Regulatory Authority, was sentenced today to three years and five months in prison for a fraud scheme that resulted in approximately $1.5 million in investor losses and for a separate access device fraud scheme. According to court documents, from November 2020 to ...
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The question “what is a stablecoin” has gained the interest of many crypto fanatics within the cryptocurrency ecosystem. Throughout this crypto guide, we’re going to discuss what stablecoins are, the different types of stablecoins, as well as an overview of use cases. If this is your first time on our website, our team at Trading Strategy Guides welcomes ...
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President Joe Biden vetoed a congressional resolution that would strike down US Securities and Exchange Commission guidance that the crypto industry says has stymied its ability to work with banks. The guidance — known as staff accounting bulletin No. 121 — has also drawn pushback from banks since it was published in 2022. Lenders have said it effectively ...
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U.S. President Joe Biden on Friday vetoed a congressional disapproval of the U.S. Securities and Exchange Commission's accounting bulletin on crypto assets. "By virtue of invoking the Congressional Review Act, this Republican-led resolution would inappropriately constrain the SEC's ability to set forth appropriate guardrails and address future issues," ...
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The impulse made of subwaves [1]-[2]-[3]-[4]-[5] continues forming in Bitcoin's chart as in previous days. The subwaves [1]-[2]-[3]-[4] have formed for now. The first subwave (1) may be developing as part of wave [5]. Correction 4 is presumably completed as part of impulse (1), and the price is now growing in subwave 5, probably to 74,911.17. Trading plan ...
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More weakening: Real (inflation-adjusted) Income and spending was negative in April. The PCE price index remained flat at 0.3 percent for the month and 2.7 percent for the year. ...
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Many central banks are at a critical juncture in their current monetary policy cycles as they assess whether it would be appropriate to embark on an easing phase following one of ...
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It’s been a bit of a weird week as idiosyncratic positioning, rebalancing, and rotation trades have dominated as there wasn’t much to chew on macro-wise. The story in macro was ...
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Bitcoin has been range-bound for several days, indicating a tussle between the bulls and the bears for supremacy. Trading firm Mosaic Asset believes that “loosening financial conditions” could boost a risk-on trade, and Bitcoin could be on the verge of a breakout to the upside. CryptoQuant founder and CEO Ki Young Ju said in a post on X that Bitcoin ...
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The impulse made of subwaves [1]-[2]-[3]-[4]-[5] continues forming in Bitcoin's chart as in previous days. The subwaves [1]-[2]-[3]-[4] have formed for now. The first subwave (1) may be developing as part of wave [5]. Correction 4 is presumably completed as part of impulse (1), and the price is now growing in subwave 5, probably to 74,911.17. Trading plan ...
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It’s been a landmark year for digital assets, but a move into the mainstream is making price swings less wild, diminishing a key attraction for many investors and poised to shake up growth of the biggest revenue source for exchanges such as Coinbase Global Inc. Despite posting higher-than-forecast first-quarter revenue and profit, the largest US crypto ...