Crypto analyst Daan Crypto recently shared insights from a Bitcoin Rainbow Chart, shedding light on the crypto’s current price action. According to the analyst, Bitcoin needs to maintain its position above $60,000 to initiate a bullish reversal. The chart indicates that Bitcoin is currently trading in the dark green region, struggling to stay within the
Recently, the United States Federal Bureau of Investigation (FBI) issued a concerning alert regarding the aggressive attacks from North Korean hackers targeting the crypto industry and companies associated with digital asset investment products. These attacks are not only advanced but also involve sophisticated social engineering tactics that are challenging to detect, even for individuals well-versed
The Merge that Ethereum underwent two years ago has had a significant impact on its performance relative to Bitcoin. Once known for its reputation as ultra-sound money, ether (ETH) is now facing the possibility of falling into undervaluation territory. Blockchain analytics platform CryptoQuant has pinpointed the major drivers behind Ethereum’s underperformance post-Merge, including inflationary supply
Cardano (ADA) is currently trading just below a critical resistance level at $0.33 after a week of intense fear and uncertainty in the market. Despite the ongoing downturn, there are certain metrics that indicate a growing optimism among some investors. It seems that a portion of the market is accumulating ADA at these levels, suggesting
Bitcoin’s market price on crypto exchanges recently fell to its lowest price since the early August massacre, dropping below $50,000 for the first time since spot Bitcoin ETFs were greenlighted in the US and began to see actual demand. This significant drop has raised concerns among investors and traders alike about the future direction of
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
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
