Bitcoin’s price saw a significant drop on Friday, only to bounce back slightly on Saturday and maintain a position above $54,000 since then. The cryptocurrency had been on a bullish trend earlier in the week, nearing $60,000 on Tuesday. However, a sharp rejection sent it tumbling to $55,500 by Wednesday. This was followed by another
Crypto
A recent case in Scotland has caught attention due to the groundbreaking move to seize £110,000 from a 29-year-old individual, John Ross Rennie. This marks the first instance where proceeds of crime legislation have been employed to confiscate cryptocurrency as physical cash. The case was settled at the High Court in Edinburgh, raising eyebrows and
Recently, the U.S. Federal Reserve took action against United Texas Bank (UTB) due to significant deficiencies in its governance, particularly in its adherence to anti-money laundering (AML) laws and risk management related to virtual currency customers and foreign correspondent banking. An examination conducted in May 2023 revealed shortcomings in board oversight and senior management’s handling
Recently, Ethereum has experienced a significant bearish trend, characterized by a sharp decline in price after retracing to the lower boundary of a broken wedge pattern. This decline has been further emphasized by the formation of a death cross, indicating a bearish market sentiment among investors. The lack of inflows into spot ETH ETFs has
The cryptocurrency market has been known for its volatility, and as it continues to experience dips and unpredictable movements, large investors are still actively involved in the space. Data intelligence firm Santiment recently conducted an analysis revealing the top ten crypto projects that have seen a significant increase in whale activity. These whales are investors
Toncoin (TON) has experienced a significant downturn in its price, dropping by 40% from its peak in June. This sharp decline has left a large portion of investors at a loss, with nearly 80% of holders currently seeing their investment in the red. The negative news surrounding the arrest of Pavel Durov, the founder and
The recent data on Bitcoin Unspent Transaction Outputs (UTXOs) in profit indicates a significant decline, reaching its lowest point in the year. This decline is in line with the current downward trend in Bitcoin’s price and the broader cryptocurrency market. According to analysts, this could signal an upcoming massive rally in the market. The analysis
The recently released US jobs report fell short of expectations as the anticipated 160,000 job positions were not met. This news created uncertainty in the market, leading to a surge in Bitcoin price to $57,000. The lackluster job growth numbers highlighted concerns about the direction of the US economy and shed light on what actions
The cryptocurrency market is highly influenced by news, trends, and community discussions on various topics. Understanding these narratives is crucial for investors looking to make informed decisions that can safeguard their portfolios and investments in digital assets. Santiment, a crypto research and intelligence platform, has identified several key narratives that have shaped the market dynamics
The Future Forward USA PAC, which supports Vice President Kamala Harris’ presidential campaign, has recently announced that they are now accepting cryptocurrency donations through Coinbase Commerce. This decision comes after a clarification was made following comments made by Coinbase’s Chief Financial Officer, Alesia Haas, during Citigroup’s 2024 Global TMT Conference in New York. Initially, there