Bitcoin (BTC) recently experienced a significant drop in price after the release of August nonfarm payrolls (NFP) data, which failed to meet market expectations. This led to a sharp decline in BTC’s price, plummeting nearly 5% to trade below the $54,000 range, reaching its lowest level since early August. The market saw a liquidation of
Crypto
In a recent announcement, the United States Federal Bureau of Investigation (FBI) has highlighted the relentless attacks by North Korean hackers on the crypto industry. These attacks are characterized by their aggressive and sophisticated social engineering tactics, making them a significant threat to companies associated with digital asset investment products. Despite the awareness of cybersecurity
Ethereum, once hailed as a revolutionary platform in the world of cryptocurrencies, has seen a significant decline in performance relative to Bitcoin since the Merge two years ago. This decline has sparked concerns about the future of ether (ETH) and its potential fall into undervaluation territory. Blockchain analytics platform CryptoQuant has identified several key factors
The cryptocurrency market saw a tumultuous week with Bitcoin experiencing significant price fluctuations. Despite initially moving towards the $60,000 mark, Bitcoin faced rejection and dropped sharply to $55,500 by mid-week. This downward trend continued with the price falling to $52,800 before a minor recovery pushed it back above $54,000. Altcoins Follow Suit Altcoins also witnessed
Bitcoin’s market price has experienced significant fluctuations, dropping to its lowest point since the early August massacre when it fell below $50,000. This downward trend started after the spot Bitcoin ETFs were approved in the US, increasing demand for the cryptocurrency. Despite a previous crash, where BTC plummeted but later rebounded to $65,000, it seems
In a groundbreaking case in Scotland, £110,000 was seized from 29-year-old John Ross Rennie, marking the first time that proceeds of crime legislation have been used to confiscate cryptocurrency as physical cash. This case was settled at the High Court in Edinburgh, where Rennie of Cambuslang was convicted of possessing stolen goods following a violent
The U.S. Federal Reserve recently issued a cease-and-desist order against United Texas Bank (UTB), uncovering significant deficiencies in the bank’s governance. These deficiencies primarily revolved around the bank’s adherence to anti-money laundering (AML) laws and its risk management practices related to virtual currency customers and foreign correspondent banking. The order was a result of an
As the cryptocurrency market experiences its usual volatility, there seems to be a surge in whale activity among large investors. Data analysis from Santiment has identified the top ten crypto projects that have seen a significant increase in high-value transactions, defined as those worth $100,000 or more. These whales are making waves in the market
Ethereum has been experiencing a significant downturn, characterized by a sharp drop in price after retracing to the lower boundary of a broken wedge pattern. This decline is further exacerbated by the formation of a death cross, where the 100-day moving average crosses below the 200-day moving average. These technical indicators point to a bearish
Bitcoin’s Unspent Transaction Outputs (UTXOs) in profit percentage has recently hit a low point, signifying a potential rally in the cryptocurrency market. This decline in UTXOs aligns with the current downward trend of Bitcoin’s price and the broader crypto market. Analysts suggest that this could be a crucial indicator of an incoming bullish movement for
