Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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Analyst Christopher Irons thinks the news confirms his view that regulatory intervention has shifted from unnecessary to an absolute necessity. There is no option for SEC but to interfere since the investigating law firm is the bank's client and represented before too.
Therefore, Geo Investing does not trust the company's investigation into the matter and is not ready to take Banc of California's word on the matter.
The latest developments came on the back of a blogger writing an article on Seeking Alpha that alleged the company executives had painful ties with Galanis, who faced charges of pump and dump in 2015.
In a note to clients, Irons stated, "Statements made in Banc of California's 8-K exhibits filed with the Securities and Exchange Commission on October 19, 2016 should be scrutinized at length by regulators and investors considering new evidence that was presented on Thursday by blogger Aurelius. If regulators find these statements half as potentially deceiving as I do, they should step in with subpoena power and get to the bottom of exactly what is going on with the management of Banc of California."
At last check, Banc of California was down 1.03 percent at $13.51.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.