The U.S. Securities and Exchange Commission has announced new charges against Galois Capital, a crypto-focused advisory firm that custodied client assets at FTX. As part of a settlement, Galois has agreed to pay a civil penalty of $225,000, with the funds being distributed to affected investors. The SEC found that Galois failed to ensure that
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The US Securities and Exchange Commission (SEC) recently charged and settled with hedge fund Galois Capital Management LLC regarding a private fund primarily invested in crypto. The charges are related to Galois Capital’s failure to comply with client asset safeguarding requirements, specifically with crypto assets that were classified as securities. The firm agreed to pay
Bitcoin’s recent price volatility, including a crash below $50,000 last month, has significantly slowed down the momentum of the bull run many analysts are anticipating. Despite the price lull, a certain crypto analyst believes that the Bitcoin bull run is still on track, predicting a sharp rise to over $100,000 once current price corrections stabilize.
The anticipation in the mobile gaming community is palpable as the release of Rebel Skies, a game developed by Faraway Games, draws near. Set to debut in October 2024, this game is not just another addition to the mobile gaming landscape; it represents a significant shift in the way games are played and experienced. By
The US Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda recently addressed the need for specialized S-1 registration forms specifically designed for digital asset securities. During his talk at the Korea Blockchain Week 2024 event on Sept. 3, Uyeda highlighted the challenges posed by the current regulatory tools in addressing the unique features of
The Ethereum market has recently experienced a shift, with rising exchange reserves indicating a potential new distribution phase. The CryptoQuant Ethereum Exchange Reserve metric tracks the amount of ETH held in exchange wallets, and when this metric increases, it often suggests that traders are preparing to sell their ETH, leading to increased supply pressure and
Bitcoin’s price was initially expected to steadily increase this year, leading to a bullish market outlook. However, the reality has been quite different, with severe price declines pushing Bitcoin below the $60,000 threshold. This has raised concerns among crypto analysts, with some predicting a potential crash below $40,000. A crypto analyst known as ‘Magog PhD’
The latest analysis by Santiment has revealed a significant decline in whale activity across major crypto assets, such as Bitcoin and Ethereum. The number of transactions valued at over $100k has dropped noticeably from the highly active period of March to August. Bitcoin, which previously saw 115.1k transactions, now only accounts for 60.2k transactions, showing
The recent video of Tigran Gambaryan, the American executive of Binance who has been detained by the Nigerian government since February, struggling to walk into a courtroom has sparked outrage. Binance CEO Richard Teng has strongly condemned the harsh treatment of Gambaryan, emphasizing that he deserves to be allowed to go home for medical treatment
The Open Network and its native token, TON, are facing a series of challenges, with the most recent being a dramatic price plummet. Following last week’s outages due to high demand for DOGS, TON’s price dropped by over 90% in just a matter of minutes on CoinMarketCap. This steep decline, as shown in the graph,
