US SEC Legal Officer Warns Of More Crypto Scrutiny In Sept
The legal officer warned other regulators that the US SEC may escalate enforcement actions this month. Jake Chervinsky, the Chief Legal Officer of VariantFund, suggested that the market may experience an increase in US SEC enforcement actions by the end of September. Despite the criticisms of executives, United States regulators persist in their obstructed approach […]
Nvidia Rejects DOJ Subpoena Claims After NVDA Stock Decline
Nvidia denies receiving a subpoena from the DOJ, which contradicts previous reports and eases the concerns that triggered a 10% decline in the NVDA stock price. Nvidia has denied allegations that the U.S. Department of Justice (DOJ) issued a subpoena to the AI processor giant, a rumor that precipitated a significant stock market decline yesterday. […]
Pepe Coin Whale Accumulates 9 Tln Coins, Price Rally Next?
A Pepe Coin whale amassed 9 trillion coins, starting speculation of a potential PEPE price breakout. Besides, a recent analysis suggests a potential rally of 260%. Investors are currently focusing on a recent monster transaction in Pepe Coin, which has resulted in a 1% increase in the price of PEPE. According to reports, a whale […]
US SEC Fines Galois Capital for FTX Crypto Custody
The US SEC has charged Galois Capital Management, a fund adviser, with failing to correctly custody client assets. The charges for Galois Capital Management include holding investor funds with the now-defunct cryptocurrency exchange FTX. According to reports, the collapse of FTX resulted in the capital management firm losing approximately half of its assets. US SEC […]
Bitcoin network hashrate Peaks new all-time high
Bitcoin network hashrate, a closely related yet distinct metric, is currently at 89.4 trillion and historically high levels. On September 1, 2024, the Bitcoin network hashrate, the total computing capacity that secures the Bitcoin network, reached a new all-time high of over 742 exahashes per second (EH/s). The Bitcoin network hashrate has been consistently increasing […]