Bitcoin experienced a tumultuous week as its price took a nosedive on Friday, only to recover slightly on Saturday and hover above $54,000. Despite briefly approaching $60,000 earlier in the week, the leading cryptocurrency faced a sharp rejection that sent it plummeting to $55,500 by Wednesday. A subsequent lower high on Thursday further dragged BTC
Crypto
Cryptocurrency has been at the center of a recent landmark case in Scotland, where a significant amount of digital assets were seized from a convicted criminal. The case marks a turning point in how proceeds of crime legislation are being used to combat illicit activities involving cryptocurrency. John Ross Rennie, a 29-year-old from Cambuslang, was
Recently, the U.S. Federal Reserve has taken action against United Texas Bank (UTB) due to what they described as “significant deficiencies” in the bank’s governance. These deficiencies were primarily related to the bank’s adherence to anti-money laundering (AML) laws and its management of risk associated with virtual currency customers and foreign correspondent banking. The cease-and-desist
Ethereum has been facing a strong downtrend, causing fear and uncertainty among market participants. The low inflows into spot ETH ETFs have further emphasized this sentiment, indicating reduced investor interest. The appearance of a death cross, where the 100-day moving average crosses below the 200-day moving average, has added to the bearish outlook. Following a
As the crypto market faces ongoing volatility and uncertainty, it is interesting to note the surge in whale activity among certain projects. Data intelligence firm Santiment has provided insights into the top ten crypto projects witnessing a significant increase in whale activity, with investors executing transactions valued at $100,000 or more. One of the standout
The latest US jobs report released on Friday did not meet the general expectations of over 160,000 job positions to be filled. The country’s labor department announced that local employers added 142,000 new jobs in August, falling short of the anticipated 160,000+. This discrepancy in numbers has raised concerns about the state of the US
Toncoin (TON) has recently experienced a significant decline in its price, leaving a large portion of its investors at a loss. The cryptocurrency, which saw a bull run at the beginning of 2024, reached an all-time high of nearly $8.20 in mid-June. However, the price has since dropped by 40% to approximately $4.80. This downward
The percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has recently dropped to its lowest level in the year, a trend last observed in October 2023. This decrease in the metric coincides with the ongoing downward spiral in bitcoin’s (BTC) price and the general trajectory of the broader cryptocurrency market. The report from CryptoQuant
One of the key narratives that have shaped the crypto market this year is the discussion around crypto whales. These large holders of bitcoin and other top cryptocurrencies have been found to exert a significant influence on crypto prices. The fear of market manipulation by whales has been a prevalent topic of conversation in various
The Future Forward USA PAC, a political action committee supporting Vice President Kamala Harris’ presidential campaign, has made headlines by announcing that they will be accepting crypto donations through Coinbase Commerce. This decision came after a statement made by Coinbase’s Chief Financial Officer, Alesia Haas, during Citigroup’s 2024 Global TMT Conference in New York caused
