Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly). Some Stops are cited above the 2706 areas. Technical support and potential buying pressure in appreciating ranges from the 1548.52 levels include the 23661, 22793, and 21725 levels. Stops are cited below the 24197.68 level, a downside price objective related to selling pressure around the 30222 area. Traders recently pushed BTC/USD as low as the 24900 area after Stops were elected below a related downside price objective around the 25106.61 area, but bears failed to sustain the downward break.Ī sustained break below the 25462.40 level will elevate bearish pressure as it is another downward price objective corresponding to significant recent selling pressure around the 28184.89 area. Traders have recently found a bid above the 50-bar, 12-hour simple moving average but have been unable to sustain a test and break above the 200-bar, 4-hour simple moving average.
The 26585 area represents a downside price objective linked to recent depreciating activity around the 3024.89 areas. The SEC’s litigation was led by Nick Margida and supervised by James Connor and Olivia Choe.Bitcoin (BTC/USD) experienced a slight bid early in the Asian session as the pair continued to orbit the 26585.66 level after testing the 26917.36 area, an upside price objective associated with recent appreciating activity around the 2493.43 areas. Torrico and Kathleen Hitchins, and it was supervised by Paul Kim, Joseph Sansone, and Carolyn M.
The SEC’s investigation was conducted by Sonia G. Pursuant to Section 203(f) of the Investment Advisers Act of 1940, the SEC’s order bars Kane from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization. The Hydrogen Technology Co., et al., Civil Action Number 22-cv-08284 (LAK), filed in the United States District Court for the Southern District of New York.Īccording to the SEC’s complaint, Kane played a role, starting in January 2018, in effectuating the unregistered offers and sales of crypto asset securities called “Hydro” and perpetrating a scheme to manipulate the trading volume and price of those securities, which yielded more than $2 million for Hydrogen.
#CRYPTO BAR REGISTRATION#
The SEC’s order finds that Kane was also the President, CEO, and Head of Business for Hedgeable, Inc., Hydrogen’s predecessor entity, which was registered with the Commission as an internet investment adviser from 2009 through December 2018, when its registration was terminated.Īccording to the SEC’s order, on April 20, 2023, a final judgment was entered by consent against Kane, permanently enjoining him from future violations of Sections 5(a) and (c) and 17(a) of the Securities Act of 1933 (“Securities Act”), and Sections 9(a)(2), 10(b), and 20(b) of the Securities Exchange Act of 1934 (“Exchange Act”) and Rule 10b-5 thereunder in the SEC’s case entitled Securities and Exchange Commission v. The Securities and Exchange Commission announced settled proceedings instituting a collateral industry bar against Michael Ross Kane, the former CEO of The Hydrogen Technology Corporation.
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