The post Terraform Labs Faces Injunction Order To Limit Its Operations Amidst US User Access After SEC Ruling appeared first on Coinpedia Fintech News Terraform Labs, the company headed by criminally charged Do Kwon that caused the million-dollar crypto crash in 2021, announced that it will restrict US users from accessing certain products and features starting next week. The move is a response to the Securities and Exchange Commission’s injunctions following a court ruling against the firm and its former CEO, Do Kwon, who is still held back in Montenegro. Key Restrictions and Regulatory Compliance The SEC has proposed a conduct injunction that may require Terraform Labs to limit its operations within the US. This could involve geoblocking or restricting US users from accessing specific products and services. However, Terraform Labs has not yet provided detailed information on which features will be affected. Withdrawing Liquidity and Restructuring Terraform Labs will withdraw $23.8 million in liquidity from various platforms, including Astroport, Ura, and White Whale. The withdrawals, scheduled for April 26, involve several LUNA pairs. This liquidity shift is a measure taken by Terraform Labs to restructure its capital following the SEC’s ruling, suggesting further changes to come. Earlier this year, a court found Terra and its former CEO, Do Kwon, liable for fraud following a trial that began in March 2023. The SEC has proposed penalties totalling $5.3 billion, marking one of the most substantial fines in the history of the cryptocurrency industry. The fines include a $4.2 billion disgorgement penalty and additional civil penalties for both Terraform Labs and Do Kwon. Continued Legal Challenges and US Restrictions Terraform Labs’ compliance with the SEC’s expected injunction will likely shape the company’s future activities within the US. The SEC’s ruling has significant implications, particularly for US-based users. Following its Chapter 11 bankruptcy in January 2023, Terraform Labs has faced ongoing financial struggles, and this latest ruling further complicates its operational capabilities. Wider Industry Impact The Terraform Labs ruling has broader implications for the cryptocurrency industry. It highlights regulatory compliance and the potential for stricter enforcement by the SEC. These recent developments could set a precedent for other companies operating within the cryptocurrency space, emphasizing the importance of adhering to regulatory frameworks.
The post Legendary Trader Turns Millions: From WIF to Boden & BONK, Sets Sights on PUPS & POPCAT Next! appeared first on Coinpedia Fintech News Renowned investor Paulo.sol has emerged as a standout figure in the cryptocurrency market, accumulating significant profits through strategic investments in various digital assets. According to insights from blockchain tracking platform LookonChain, paulo.sol realized remarkable gains of $9.51 million on WIF, $7.04 million on Boden, and $6.28 million on BONK, reflecting a track record of success in the digital asset space. What a legend!paulo.sol has realized profits of $9.51M on $WIF, $7.04M on $boden and $6.28M on $BONK.1/ Let's dig into his trades to see what he's buying. pic.twitter.com/2axUwHb3el— Lookonchain (@lookonchain) April 26, 2024 Breaking Down Paulo.sol’s Profits The journey of paulo.sol’s trading success begins with the strategic identification of promising tokens. Back in November 2023, paulo.sol seized an opportunity with BONK, purchasing the token during a period of low prices and selling at opportune highs, resulting in significant profits totaling approximately $6.28 million. Timing is Key Moreover, paulo.sol demonstrated a knack for timing with subsequent investments. On December 4, 2023, paulo.sol turned attention to WIF, followed by a well-timed entry into $boden on March 6, 2023, during notable price surges. 3/ On Dec 4, 2023, paulo.sol spotted $WIF and bought it.On Mar 6, paulo.sol spotted $boden and bought it.paulo.sol did not buy $WIF and $boden when they first went online, but paid attention to and bought heavily when they first rose sharply. pic.twitter.com/122Pkmn52g— Lookonchain (@lookonchain) April 26, 2024 These calculated moves contributed to paulo.sol’s current holdings of 12.87 million $boden, valued at around $7.6 million, and 1.87 million $WIF, valued at approximately $5.7 million. Recent Investments in PUPS & POPCAT Notably, paulo.sol’s recent ventures into PUPS and POPCAT coins highlight ongoing investment strategies. Today, paulo.sol invested $1.77 million to acquire 4.3 million $POPCAT for $0.42 per token. 5/ We noticed that paulo.sol is buying $PUPS and $POPCAT recently.He spent $1.77M to buy 4.3M $POPCAT at $0.42 today.And he has spent $5.97M to buy 101,712 $PUPS at $59 since Apr 11, becoming the largest holder of $PUPS on #Solana. pic.twitter.com/ewYcbiCaoo— Lookonchain (@lookonchain) April 26, 2024 Furthermore, since April 11, paulo.sol has acquired 101,712 $PUPS, becoming the largest holder of $PUPS on the Solana blockchain with an investment of $5.97 million. Paulo.sol’s success highlights the potential for significant gains in cryptocurrency trading, fueled by market insights and strategic decision-making.
The new laws set up "enhanced" due diligence and customer checks for crypto firms.
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The post Crypto Price Predictions: Price Targets for Bitcoin, Ethereum, and Altcoins Unveiled appeared first on Coinpedia Fintech News Armando Pantoja, a well-known figure in the cryptocurrency community, recently shared his bullish price targets for 11 cryptocurrencies over the next 12 to 18 months. His predictions cover a wide range of coins, including major players like Bitcoin and Ethereum and altcoins like SHIB and DOGE. The altcoin market is opening at a better prospect as Santiment reported that over 85% of altcoins are in the historical “opportunity zone.” Bitcoin’s price has struggled around $64,800 after its fourth halving on April 20, while altcoins, especially meme coins and layer-1 cryptos, have outshined Bitcoin in the past week. This has sparked speculation about the onset of the alt season. Shiba Inu To $0.001 by 2024 Among all, Pantoja has a more bullish outlook for SHIB. Since SHIB performed remarkably well during the last bull run, In 2021, SHIB experienced an unprecedented surge of 884,400%, stirring the market sentiment and giving maximum profit to early investors. This historical milestone suggests that SHIB has the potential for explosive growth within relatively short periods. My #crypto price targets for 2024-2025$BTC: $100k-$250k$ETH: $10k-$15k$XRP: $3-$6$SHIB: $0.001+$DOGE: $1$SOL: $500-$1000$AVAX: $100+$ICP: $100+$INJ: $100-$200$PRO: $10-$20$HBAR: $5-$10— Armando Pantoja (@_TallGuyTycoon) April 24, 2024 However, talking about the ongoing bull market in the crypto space, analysts call for a positive prospect for 11 crypto assets poised to gain traction and increase in value. With growing mainstream adoption and institutional interest in digital assets, investors have renewed optimism regarding the potential for significant price appreciation. Starting with Bitcoin, Pantoja expects the leading cryptocurrency to experience significant growth, with its price potentially ranging between $100,000 and $250,000 during the upcoming bull cycle. This optimism is fueled by recent developments such as the SEC’s approval of a spot Bitcoin ETF, which has boosted investor confidence and contributed to Bitcoin’s recent all-time high. Moving on to Ethereum, Pantoja predicts a substantial increase in its price, projecting it to surpass $10,000 for the first time. He believes Ethereum’s performance will not only benefit from the overall bullish sentiment in the market but also reflect its fundamental strengths as a leading smart contract platform. Moving on to SOL (Solana), AVAX (Avalanche), ICP (Internet Computer), INJ (Injective Protocol), and PRO (Provenance), Pantoja predicts prices exceeding $100, with some potentially reaching even higher levels. For XRP, he anticipates a price range of $3 to $6, highlighting the potential for significant gains in the coming months. Similarly, he expects DOGE to reach $1, reflecting continued interest in meme coins and the broader cryptocurrency market. Being realistic he keeps HBAR at the $5 to $10 range as it is going slow and steady. Pantoja’s positive prediction has lifted investor spirits for diversifying portfolios. Yet, only time will reveal how high these altcoins can go in the current bull market.
The post Solana Price Fails To Break Out Its Bearish Influence! What’s Next? appeared first on Coinpedia Fintech News The SOL price has displayed a strong bearish trend since the month started, resulting in this altcoin recording a correction of approximately 30% in valuation. Moreover, the rising bearish trends have created a Fear, Uncertainty, and Doubt (FUD) like situation among its investors. The Solana price continues its struggle to break out of its key resistance level at $156.25, indicating a strong liquidation point for the altcoin on that level. Moreover, it has formed a negative pattern in the 1D time frame, suggesting a negative price action for the altcoin in the coming time. TradingView: SOL/USDT Furthermore, the price has displayed a correction of 0.25% within the past seven days and 26.52% over the past 30 days. The EMA 50-day acts as a resistance to the price chart, highlighting a strong bearish influence for the SOL token in the cryptocurrency space. The Relative Strength Index (RSI) shows a constant decline, indicating an increase in the selling pressure within the crypto space. Moreover, the averages display a high possibility of a bearish convergence, suggesting a negative price action for the altcoin in the coming time. Will Solana Price Reclaim $200? If the bulls regain momentum, the SOL price will test its resistance level of $156.25 by the coming week. Maintaining the price at that level will set the stage for the Solana token to attempt to test its upper resistance level of $180 in the coming time. However, if the bears hold power over the bulls, the SOL price will fall to test its support level of $127. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $100 in the coming time.
UK businesses must focus on payment innovation, as new research reveals that 49% of firms have not invested in payment solution updates.
The investment firm sold 237,983 BITO shares worth $6.7 million at Thursday's closing price of $28.22 from its Next Generation Internet ETF (ARKW)