Bitcoin experienced a rollercoaster ride last week, starting with an attempt to reach $60,000 on Tuesday, only to be met with strong resistance that pushed it back down to $55,500 by Wednesday. The situation worsened with another lower high on Thursday, bringing the price down to $55,200 on Friday in anticipation of the US jobs
admin
In a groundbreaking case in Scotland, the authorities have seized £110,000 from John Ross Rennie, a 29-year-old individual. This incident has significant implications as it is the first time that proceeds of crime legislation have been used to confiscate cryptocurrency as physical cash. Rennie, from Cambuslang, was convicted of possessing stolen goods after being involved
The U.S. Federal Reserve recently issued a cease-and-desist order against United Texas Bank (UTB) for 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. The central bank’s examination in May 2023 revealed shortcomings in UTB’s board oversight and
Opeyemi is not just a writer, he is an enthusiast in the exciting and unique cryptocurrency realm. His foray into this digital asset industry has kept him absolutely drawn for over two years now. What sets Opeyemi apart is his ability to create unique pieces unraveling the complexities of blockchain technology and sharing insights on
Ethereum has been experiencing a significant downturn, with a sharp decline in price following a pullback to the lower boundary of a broken wedge pattern. This decline has been further confirmed by the formation of a death cross, where the 100-day moving average crosses below the 200-day moving average. The overall sentiment in the market
The cryptocurrency market has been experiencing volatility, but that hasn’t stopped large investors from actively participating. Data analysis from Santiment has identified the top ten crypto projects with the highest increase in whale activity, focusing on transactions valued at $100,000 or more. Let’s delve into the projects that have seen a surge in whale activity
Ethereum (ETH) has been facing significant selling pressure recently, with its price plummeting by 23% to yearly lows of $2,200. One of the main reasons behind this decline is the diminishing on-chain activity of Ethereum. The total transaction fees on the Ethereum network have been on a downward trend, mainly due to lower fees following
Following the recent Bitcoin and crypto market crash, prices have taken a deep dive into the red zone, causing a rapid decline in sentiment among crypto investors. This has led to the Fear & Greed Index plummeting into the Extreme Fear territory, indicating that investors are hesitant to invest in the market at this time.
Recent developments in the cryptocurrency market have shown that Ethereum has entered oversold territory. This is seen as a bullish sign for the second-largest cryptocurrency by market cap, with the potential for a price rally that could see it reach as high as $6,000. Analysts like Titan of Crypto have suggested that Ethereum is ready
Trading bots have become a popular tool for traders in the financial markets. These automated programs use complex algorithms to analyze market data and execute trades without human intervention. They are designed to make trading easier and more efficient, especially in fast-paced and volatile markets. Trading bots are particularly beneficial in certain situations that can
