Kraken Facing SEC Probe, Crypto Donations Flow to Help Turkey & Syria
1 min read•Kraken is under investigation by the US Securities and Exchange Commission for possible rules violations in certain offerings to US investors.
•Crypto donations are being made to help Turkey and Syria after Monday’s earthquake.
•EminiFX CEO is set to plead guilty for his role in an alleged Ponzi scheme.
Kraken Under SEC Investigation
Kraken crypto exchange is under investigation by the U.S. Securities and Exchange Commission (SEC) as to whether rules were broken in certain offerings to U.S. investors. The probe is at an advanced stage, and a settlement could be announced in coming days.
Crypto Donations for Turkey & Syria
The global crypto industry has quickly rallied support and more than $9 million in crypto aid for areas worst-impacted by Monday’s earthquake in Turkey and Syria, which resulted in over 7,000 deaths and 25,800 injuries.
EminiFX CEO Pleads Guilty
The CEO of cryptocurrency and forex trading platform EminiFX is now expected to plead guilty for his role in an alleged fraud that federal prosecutors say duped investors out of $59 million.
BTC/USD Movement
In the last session, the Bitcoin-Dollar pair plummeted 1.2%, with support at 225091 and resistance at 237211 according to Stochastic-RSI, indicating an oversold market currently in a negative zone.
ETH/USD & XRP/USD Movement
Similarly, Ethereum-Dollar pair plummeted 1.2% with RSI giving a negative signal while Ripple-Dollar dove 1.2% with ROC also giving a negative signal both having support levels at 1590 & 03848 respectively while their respective resistance levels are 1717 & 0 4142 respectively