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
Crypto
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
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 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,
Crypto analyst ‘Titan of Crypto’ recently shared with his 90,000 followers a unique technical pattern that is unfolding in the cryptocurrency market. This pattern involves a golden cross forming between the 100-day moving average and the longer time frame 200-day moving average. Unlike the typical golden cross, which involves a shorter time frame moving average
The Crypto Wealth Report 2024 by Henley & Partners has revealed some staggering numbers in the world of digital assets. The report shows a significant increase of 95% in individuals holding over $1 million in digital assets, totaling at 172,300. This surge comes as the crypto market’s total value has reached $2.3 trillion, marking an
The crypto space has been hit hard by a series of hacks and exploits in recent months, resulting in significant financial losses for investors and users. In just one month, over $313 million was stolen in more than ten separate incidents, with two large phishing attacks accounting for 93.5% of the total stolen funds. These
Recent data from Bitbo, a BTC on-chain analysis platform, reveals that Bitcoin miners experienced a significant decline in revenue generation in August. The figures indicate that mining activities only secured $827 million last month, marking a sharp decrease of over 10% from July’s $927.35 million. This drop becomes even more significant when compared to March
The digital asset investment market experienced a significant setback last week, with a total of $305 million in outflows reported. This negative sentiment was observed across various providers and regions, indicating a widespread impact on the market. CoinShares has attributed this decline to stronger-than-expected economic data from the United States, which has caused a shift
The past 24 hours have not been kind to Bitcoin as the cryptocurrency plummeted to a 2-week low of $57,100. This downward trend has also affected most altcoins, with popular tokens like TON, DOGE, and ADA experiencing a 2-4% drop in value. The recent price actions of Bitcoin have left investors feeling underwhelmed, especially after
