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
Crypto
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
The US jobs report released on Friday fell short of the general expectations for over 160,000 new job positions to be filled. Instead, the report revealed that local employers added 142,000 new jobs in August, a number lower than the anticipated figure. This disappointing job growth trend is concerning as it indicates a slowdown in
Toncoin (TON) has experienced a significant downturn since reaching its peak in June. The once-promising cryptocurrency saw its price drop by 40%, leaving a large majority of investors at a loss. This sharp decline comes in the wake of negative news surrounding the arrest of Pavel Durov, the founder and CEO of Telegram, the messaging
One of the key narratives that has been shaping the crypto market is the discussion around crypto whales, who are large holders of bitcoin and other major cryptocurrencies. These whales have a significant impact on prices, causing concern within the community about market manipulation. Social media platforms have been buzzing with fears of whales manipulating
The Future Forward USA PAC, which is in support of Vice President Kamala Harris’s presidential campaign, has recently announced that they will be accepting crypto donations through Coinbase Commerce. This decision follows some initial confusion caused by comments made by Coinbase’s CFO, Alesia Haas, during the Citigroup’s 2024 Global TMT Conference in New York. Haas
