The cryptocurrency market is always full of excitement and uncertainty, with Bitcoin being the focal point of most discussions. Recently, crypto analyst Daan Crypto brought attention to a Bitcoin Rainbow Chart, offering valuable insights into the current price action of the leading cryptocurrency. This article aims to delve deeper into the analysis and provide a
The United States Federal Bureau of Investigation (FBI) recently issued a warning about the increased level of attacks from North Korean hackers targeting the cryptocurrency industry and companies connected to digital asset investment products. These attacks are not your typical cyber threats; they are highly sophisticated social engineering tactics that can easily deceive even the
Since the Merge two years ago, Ethereum has been struggling to maintain its performance relative to Bitcoin. Once hailed as ultra-sound money, the reputation of ether (ETH) has taken a hit, with the coin teetering on the edge of undervaluation. The transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus mechanism on September 15, 2022, marked
The recent downturn in Bitcoin’s market price has left many investors feeling uneasy, as the digital currency has fallen to its lowest price since the early August massacre. With the asset down by 7% in the past seven days, it begs the question: what will it take for Bitcoin’s price to rebound again and when
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
In the world of cryptocurrency, Cardano (ADA) is currently facing a critical resistance level at $0.33 amidst a backdrop of fear and uncertainty. Despite the overall downturn in the market, on-chain data from IntoTheBlock suggests that there are investors who view this as a potential buying opportunity. This growing optimism is evidenced by the fact
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
Opeyemi is a writer who has found his passion in the world of cryptocurrency. While he may have not originally planned to enter the digital asset industry, his enthusiasm and dedication to understanding blockchain technology have kept him engaged for over two years. Opeyemi’s interest in the cryptocurrency market goes beyond simply looking at price
