Recently, the US Securities and Exchange Commission (SEC) made a groundbreaking decision by accepting a proposal with exceptions for certain institutions affected by the controversial Staff Accounting Bulletin No. 121 (SAB 121). This move by the SEC has allowed banks and brokerages to adopt new business practices that provide exceptions to the crypto accounting compliance
Bitcoin price has faced a series of challenges in breaking through key resistance levels, particularly in the $59,500 to $60,000 range. Despite making attempts to surpass these levels, BTC has consistently struggled to maintain upward momentum. With Bitcoin now trading below $57,500 and the 100 hourly Simple moving average, the immediate resistance is around $57,750.
Aayush Jindal has emerged as a prominent figure in the financial markets, with over 15 years of experience in Forex and cryptocurrency trading. His expertise in technical analysis and chart interpretation has solidified his reputation as a trusted advisor and senior market expert for investors globally. From a young age, Aayush demonstrated a natural talent
Aayush Jindal is a prominent figure in the financial markets, boasting over 15 years of experience in Forex and cryptocurrency trading. His reputation as a trusted advisor and senior market expert is well-deserved, as he possesses unparalleled proficiency in technical analysis. Since a young age, Aayush has demonstrated a natural talent for deciphering complex systems
Ethereum price has shown positive momentum, extending its increase above the $3,120 resistance zone. The digital currency could soon aim for a move above the $3,200 resistance. The price is currently trading above $3,080 and the 100-hourly Simple Moving Average, indicating a bullish trend in the short term. Hourly MACD for ETH/USD is losing momentum
During a recent hearing, Judge Katherine Polk Failla scrutinized Coinbase’s efforts to subpoena SEC chair Gary Gensler in the SEC’s legal battle against the company. Failla expressed dissatisfaction with Coinbase’s request, particularly highlighting the inclusion of Gensler’s statements before assuming the role of SEC chair in 2021. Coinbase’s lawyer defended the request by explaining that
Recently, the US House of Representatives made a significant decision regarding SEC Staff Accounting Bulletin 121. Despite receiving majority support for overturning SAB 121, the House failed to achieve the necessary two-thirds majority to counter President Joe Biden’s earlier veto. It is noteworthy that several Democrats changed their stance on the issue since an earlier
In a recent turn of events, the US Securities and Exchange Commission (SEC) has officially closed its investigation into stablecoin issuer Paxos. This decision comes after over a year of uncertainty surrounding the potential enforcement action against Paxos Trust Company regarding the Binance USD (BUSD) stablecoin. On July 11, Paxos announced that it had received
Bitcoin (BTC) has recently shown a successful break above its bearish trendline, signaling a strong bullish momentum in the market. This development has sparked optimism among traders and investors, raising the question of whether BTC can sustain its current momentum and reach the coveted $60,152 mark. With a market capitalization exceeding $1.1 trillion and a
Aayush Jindal, a prominent figure in the financial markets, has been honing his expertise in Forex and cryptocurrency trading for over 15 years. His journey into the world of finance began at a young age, fueled by a natural aptitude for decoding complex systems and uncovering patterns. His insatiable curiosity for market dynamics led him