In the past 24 hours, Bitcoin’s price has taken a turn for the worse, dropping to a 2-week low of $57,100. This recent slump comes after a period of highs just a week ago, when the asset climbed to over $65,100, charting a multi-week peak. However, Bitcoin failed to maintain its momentum, gradually losing value
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Authorities in the UK have taken a stern stance against individuals operating Bitcoin ATMs without proper registration. One such case involves Habibur Rahman, a 37-year-old resident of Langdon Crescent, East Ham, who was recently charged with this offense. Following a raid by Kent Police at a gadget shop in Chatham, Rahman was arrested on April
The payments industry has witnessed tremendous growth over the past five decades, becoming one of the largest and fastest-growing sectors globally. However, a significant issue plagues the industry – the reliance on outdated technology rails that are over 50 years old. As time goes on, these outdated systems become increasingly inefficient, posing challenges for both
Bitcoin, the renowned cryptocurrency, has garnered immense attention and speculation over the years. With its inception dating back 15 years, Bitcoin has stood the test of time, consistently executing new blocks of transactions every ten minutes without fail. The robustness of Bitcoin’s blockchain technology has proven to be highly secure, as it has never been
In a groundbreaking move, the Singapore-based cryptocurrency exchange Crypto.com has joined forces with Standard Chartered, a multinational banking giant, to provide fiat services to retail users on a global scale. This partnership aims to revolutionize the way users interact with cryptocurrencies by offering seamless banking and payment solutions. Initially, the new fiat services provided by
Recent research conducted by TRM Labs has uncovered a troubling trend in the world of cryptocurrency ATMs. The data shows that the level of illicit activity at these ATMs is significantly higher than in the broader crypto industry. This has raised concerns among law enforcement agencies and regulators worldwide, who are now turning to blockchain
The demand for bitcoin (BTC) in the United States has experienced a significant increase following Federal Reserve chair Jerome Powell’s recent comments at the Jackson Hole symposium. This surge in interest has led to a rise in Bitcoin’s value, as evidenced by the spike in the Coinbase Premium, which reached its highest level since July
The highly-anticipated 2024 bitcoin bull run has not unfolded as expected, despite the initial surge that saw the asset surpass its previous all-time high from 2021. While there was optimism surrounding the potential for bitcoin to reach $100,000, the momentum has stalled along the way. Various factors have contributed to the lackluster performance of bitcoin
The U.S. Securities and Exchange Commission (SEC) recently filed charges against two brothers, Jonathan Adam and Tanner Adam, for orchestrating a Ponzi scheme that defrauded over 80 individuals of a staggering $60 million. The complaint, lodged in the United States District Court for the Northern District of Georgia, revealed that the siblings had falsely claimed
The crypto world is built on the idea of decentralization, with the goal of reducing the influence of a few entities. However, recent data has shown that popular project tokens like Polygon (MATIC) and Shiba Inu (SHIB) are facing high concentrations of holdings among the top wallets. This level of centralization can lead to increased
