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The U.S. Securities and Exchange Commission (SEC) has filed charges against crypto trading platform Beaxy and its executives. Additionally, the regulator alleged that the cryptocurrency exchange’s founder raised $8 million in an unregistered crypto token offering and “misappropriated at least $900,000 for personal use, including gambling.” SEC Charges Crypto Exchange Platform Beaxy The U.S. Securities and Exchange Commission (SEC) announced Wednesday that it has filed charges against crypto asset trading platform Beaxy, its founder, and its executives. SEC Chairman Gary Gensler commented: We allege that Beaxy and its affiliates performed the functions of an exchange, broker, clearing agency, and dealer without registering with the Commission and complying with clear, time-tested rules governing those activities. Besides alleging that Beaxy and its executives failed to “register as a national securities exchange, broker, and clearing agency,” the securities watchdog said that it has

Join Our Telegram channel to stay up to date on breaking news coverage The broader crypto market has kept up its surge, adding a 0.98% increase within the last 24 hours. Major crypto assets such as Bitcoin and Ethereum are leading the gains and pushing green while other altcoins follow closely. Despite this overall positive atmosphere in the crypto market, LUNC is struggling to recover, as it has dropped 0.2% in the last 24 hours. A contributing factor to this downturn is the recent arrest of Terra’s co-founder, Do Kwon, for forgery-related crimes. Nevertheless, will LUNC dip further or recover and join its competitors in taking advantage of the market’s bull run to push for a new price level? LUNC Struggles to Find a Foothold At the time of writing, the Terra classic coin is trading at $0.000124, with a trading volume of $48 million in 24 hours. The coin’s value has slumped by 0.02% over the last day. The asset has been consistently declining, with a decrease of 0.4% in th

The “Restricting the Emergence of Security Threats that Risk Information and Communication Technology Act” has been gaining a lot of notoriety in recent weeks. Yet, the legislation, better known as the RESTRICT Act, has cited included proposals that could issue a 20-year jail sentence to US citizens using banned apps. The act has been forwarded to US Congress and is providing panic among digital technology users who value their privacy. Moreover, the proposal places a clear target on VPN users and those in the crypto industry, due to the necessity of their privacy protection. RESTRICT Act Proving Controversial Source: Gallup News Over the last month, with discourse surrounding the banning of Tik Tok, the government has enacted a fight against digital information accumulation. Conversely, that fight has brought forth a new legislative attempts that worry many digital privacy advocates in the country. Specifically, the RESTRICT Act included proposals that could offer a 2

Dogecoin is currently trading at $0.07 after adding an extra ‘zero’ last year due to the harsh bear market. The leading meme coin is struggling to climb above $0.09 since the start of January and has been mostly trading sideways. DOGE is testing the patience of its investors who want to see it skyrocket in price similar to its early 2021 run. However, a rally is out of the cards due to the pressure on the banking sector and the overall financial markets. Will Dogecoin find a breakthrough later this year and inch closer to deleting a ‘zero’? Let’s find out! Also Read: Shiba Inu: You Can Now Become a SHIB Millionaire With Only $10 Dogecoin: What Will DOGE Price Be At the End of 2023? Source: Finbold Dogecoin fell below the $0.1 mark in November last year never to reclaim its previous price spot. The top meme currency is finding it hard to move a Cent up in the indices and is mostly stagnant. The stagnancy has dented DOGE’s prospects among retail investors as no price movements ha

Despite four major banks imploding recently, Bitcoin remains resilient, but questions persist over the long-term sustainability of its ongoing rally. On March 19, the United States Federal Reserve announced that it had entered a joint program with several major central banks — including the European Central Bank, the Bank of Canada, the Bank of England, the Bank of Japan and the Swiss National Bank — to support U.S. dollar cash flow and alleviate strains in global funding markets.  Moreover, Fed Chair Jerome Powell said swap lines — agreements between two or more central banks to maintain a crucial liquidity backstop and ease strains in global funding markets — will remain active until at least the end of April. This could result in the Federal Reserve slowing its rate hikes, which have been cited as a contributing factor to the ongoing banking crisis. Since the beginning of March 2023, several major financial entities, including Silvergate Bank, Silicon Valley Bank (SVB), Signature

Jan Nieuwenhuijs, a gold market analyst, has predicted that gold might exceed prices of $8,000 during the next decade, as the current Ukraine-Russia war, and the worldwide battle against inflation, shift the preference of central banks for foreign currencies to gold. The proposed long-term price model shows that each troy ounce of the metal might touch the $10,000 mark. Analyst Makes Case for $8,000 Gold Prices Jan Nieuwenhuijs, a gold market researcher, has predicted that the price of gold might exceed $8,000 during the next decade, as central banks shift their reserve preferences due to macroeconomic factors and war. Nieuwenhuijs believes that the current conflict between Ukraine and Russia, and the global war against inflation, will trigger a change in the composition of reserves. As part of his Analysis , which considers the historical percentage of gold held by central banks as a key metric, Nieuwenhuijs states: Central banks in aggregate have an unusual faith in foreign excha

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price prediction shows that BTC may fall below the 9-day moving average if it touches the support of the $27,000 level. Bitcoin Prediction Statistics Data: Bitcoin price now – $27,956 Bitcoin market cap – $534.3 billion Bitcoin circulating supply – 19.3 million Bitcoin total supply – 19.3 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $34,000, $36,000, $38,000 Support Levels: $24,000, $22,000, $20,000 The daily chart reveals that BTC/USD may claim more supports if the king coin faces a downtrend with the current consolidation pattern. Moreover, as the coin fails to cross above the upper boundary of the channel, the Bitcoin price may likely see a sharp drop toward the lower boundary of the channel. However, the nearest support may be located at $26,000. Beneath this, other supports could be found at $24,000, $22,

According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC and 351.57 million BUSD have been redeemed. Meanwhile, from March 14 to March 26, the number of tether stablecoins in circulation increased by 6.12 billion. Stablecoin Circulation Changes In recent weeks, the supplies of some stablecoins have decreased while others have increased. Today’s top ten stablecoins include USDT, USDC, BUSD, DAI, TUSD, FRAX, USDP, USDD, GUSD, and LUSD. According to statistics for the last month, USDC, BUSD, and GUSD experienced double-digit reductions in supply. The other top ten stablecoin assets recorded supply increases, with TUSD’s supply doubling or rising 112.3% higher than it was 30 days ago. Top five stablecoins on March 26, 2023. Among other stablecoin assets, li

Monero jumped to a one-month high on Friday, as overall sentiment in crypto markets remained largely unchanged. The global market cap is now trading 0.60% higher at the time of writing. Xrp was back in the red in today’s session, as traders continued to secure recent gains. Monero (XMR) Monero (XMR) has been one of today’s biggest gainers, with prices climbing to a four-week high. Following a low of $152.16 on Thursday, XMR/USD raced to a peak of $163.10 earlier in the day. As a result of the move, XMR climbed to its strongest point since February 20, when the token reached a peak of $168.70. XMR/USD – Daily Chart Looking at the chart, the move came as monero rose beyond a key resistance level at the $155.00 mark. Earlier momentum has somewhat eased, which comes as the 14-day relative strength index (RSI) collided with a ceiling at 58.00 At the time of writing, the index is tracking at 58.84, with XMR marginally lower than its earlier high. It is now trading at $160.65.

2023 is shaping up to be a painful year for the U.S. Securities and Exchange Commission (SEC) as it finds itself entangled in battles with the ever-evolving and innovative cryptocurrency industry. From Ripple to Coinbase and Tron, the SEC faces fierce opposition with potentially huge consequences. The following opinion editorial was written by Joseph Collement, General Counsel at Bitcoin.com. Ripple Rumble: A Gamble that Could Ripple Through the SEC The SEC’s ongoing legal battle with Ripple Labs is a high-stakes gamble with serious consequences that may soon come to an end. The case is being heard in the Southern District of New York, and if the judge decides to rule in favor of Ripple – even partially – by determining that the company did not violate securities laws, the SEC will suffer a major setback. A ruling in Ripple’s favor would not only damage the SEC’s credibility but also set a precedent for future cryptocurrency cases. It could embolden other cryptocurrency companies t

While Bitcoin is considered a ‘risky asset’ by traditional financial companies, it outperformed a majority of them in 2023. The cryptocurrency markets navigated through the banking crisis that made stocks plummet to weekly lows. The Silicon Valley Bank, Signature Bank, and Credit Suisse closure sent shockwaves across the U.S. markets and tanked leading stocks. A recent comparison from the cryptocurrency education platform CryptoManiaks indicated that Bitcoin delivered better returns this year than the publicly traded companies. According to the data from CryptoManiaks, Bitcoin outperformed 97% of all the S&P 500 companies in 2023. In March, BTC is up 37.06% and has increased by 72% in value since the start of January. Also Read: Exclusive: Bitcoin Might Crash Hard After Reaching $30,000, Says Analyst In addition, Bitcoin delivered better year-to-date (YTD) returns than the 488 (97.6%) of all the S&P 500 companies. Therefore, BTC performed exceptionally well agains

The Chainlink price prediction shows that LINK is hovering at $7.53 as the Relative Strength Index (14) moves to cross above the 60-level. Chainlink Prediction Statistics Data: Chainlink price now – $7.53 Chainlink market cap – $3.8 billion Chainlink circulating supply – 517 million Chainlink total supply – 1 billion Chainlink Coinmarketcap ranking – #20 LINK/USD Market Key Levels: Resistance levels: $9.0, $9.2, $9.4 Support levels: $6.2, $6.0, $5.8 LINKUSD – Daily Chart LINK/USD is trading around $7.53, and once it manages to surpass the potential resistance of $7.5, the next target is located at $8.0 where it could trade near the upper boundary of the channel. However, a push from here could send the price straight to around $8.5, but if the current level fails to hold strong, the Chainlink (LINK) could slip below the support level of $7.0. Chainlink Price Prediction: Is Chainlink Ready for the Upside? Looking at the daily chart, the Chainlink price bulls are dominati

Xrp rose to a two-month high on March 21, despite crypto markets mostly consolidating in today’s session. The token surged by as much as 12% on Tuesday, whilst the global market cap is trading 0.51% higher as of writing. Cardano was also in the green today. XRP XRP, formerly ripple, was one of Tuesday’s biggest movers, as prices rose by as much as 12%. XRP/USD hit an intraday peak of $0.4283 earlier in today’s session, a day after trading at a low of $0.374. As a result of Tuesday’s move, xrp has now moved to its strongest point since January 23, breaking out of a key resistance level in the process. XRP/USD – Daily Chart The aforementioned ceiling was at the $0.402 mark, and came as the relative strength index (RSI) also moved beyond its own ceiling. At the time of writing, the index is tracking at 65.76, which is above a point of resistance at the 57.00 mark Overall, it appears that bulls are attempting to take XRP to a ceiling of 69.00, which could see prices hit their stron

With the crypto economy experiencing significant gains over the past week and the price of ethereum rising 11.9%, the market capitalization of Lido’s staked ether has increased to $10.3 billion. This recent increase has propelled the token’s overall market valuation to the ninth-largest position, according to the crypto market capitalization aggregation website coingecko.com. Lido Finance’s TVL Dominates Defi with a 21.59% Share The value of liquid staking tokens associated with ethereum (ETH) has increased significantly over the last week following ether’s 11.9% gains against the U.S. dollar. In particular, Lido’s staked ethereum token, STETH, now has a market capitalization above the $10 billion range, reaching $10.36 billion on Monday, March 20, 2023. According to coingecko statistics, STETH’s market valuation now ranks ninth, with dogecoin’s (DOGE) market capitalization holding the tenth position. Above STETH is the market valuation of polygon (MATIC) at $10.42 billion. Current