BCSC Exposes LiquiTrade for Operating Unregistered Crypto Trading
- BCSC Exposes LiquiTrade Ltd.: BCSC uncovered LiquiTrade Ltd., a Cayman Islands-based company, operating LATOKEN, an unregistered crypto trading platform in British Columbia.
- Unregistered Trading Platform: LiquiTrade has been facilitating the trading of major cryptocurrencies like Bitcoin and Ethereum without proper registration under British Columbia's Securities Act since 2020.
- Misleading Claims: LiquiTrade advertised LATOKEN as a regulated exchange and a top-40 most trusted exchange, which were found to be misleading during the investigation by BCSC.
- Unauthorized Operations: LATOKEN had over 1.5 million traders and reported more than $300 million daily transactions but lacked the necessary approvals to operate legally in British Columbia.
- Penalties Pending: The BCSC is yet to decide on penalties for LiquiTrade, which may include heavy fines and an operations ban due to unauthorized financial services provision.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 55204.343 | 58857.312 | 62790.063 | 66443.032 | 70375.783 | 74028.752 | 77961.503 |
| Fibonacci | 58857.312 | 61755.057 | 63545.287 | 66443.032 | 69340.777 | 71131.007 | 74028.752 |
About BTC
About the author
