The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has recently imposed sanctions on several entities and individuals in the financial services and technology sectors of the Russian economy. This move comes in response to reports of these entities engaging in activities that enable the evasion of US sanctions, particularly in the
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As Ethereum (ETH) strives to reach the $4,000 price milestone, it faces a pivotal moment marked by regulatory challenges from the US Securities and Exchange Commission (SEC). Analysts are divided on the impact of potential regulatory intervention on Ethereum’s trajectory. Captain Faibik’s analysis suggests a bullish pattern in ETH’s four-hour candlestick chart, indicating a possible
The collaboration between Avalanche, Alipay+ D-store, and its e-wallet partners in Southeast Asia marks a significant step towards revolutionizing the traditional voucher programs. The Web3-enabled voucher program aims to offer users up to 50% discounts on milk teas from renowned brands, with plans to expand to over 2,000 outlets. This innovative approach not only enhances
Doctor Profit, a respected cryptocurrency analyst, has recently shared his insights on Bitcoin’s current trajectory. While many in the crypto community have expressed concerns about the recent performance of Bitcoin, Doctor Profit remains optimistic about the future of the leading cryptocurrency. In his analysis, he delves into key factors such as Life Cycle Assessment (LCA),
CommEX, a crypto exchange that once took over Binance’s operations in Russia, has recently declared its decision to close its operations in the country. The announcement came after Binance’s exit from the Russian market in September 2023, with a projected timeline of one year for the process to be completed. CommEX Russia shared in a
Bitcoin’s price has been experiencing a period of sideways consolidation around the significant $60K price level. Although there was a surge towards the all-time high of $73K, the price has since corrected and found support between the 0.5 ($62K) and 0.618 ($59.5K) Fibonacci retracement levels. This consolidation phase has increased buying pressure, leading to a
In a recent statement, Binance revealed its decision to terminate support for Tron network-based USD Coin (USDC) stablecoins by April 5. This move comes after Circle’s withdrawal from the Tron blockchain, prompting Binance users to withdraw their assets or convert them to USDC on other networks within a two-week window. With less than two weeks
The recent surge in popularity of SOLGraph, a spin-off of the Graph token on the Solana network, has caught the attention of investors in the volatile meme coin market. SOLGraph stands out from other meme coins by offering actual utility as the settlement layer for a new SocialFi project on the Google App-store. Despite experiencing
The recent escape of Nadeem Anjarwalla, a Binance executive detained by Nigerian authorities, has sent shockwaves through the cryptocurrency community. After managing to flee from custody, Anjarwalla’s whereabouts are currently unknown. This incident has highlighted the cracks in the Nigerian security system and raised questions about the ease with which high-profile individuals can evade the
The recent implementation of anti-money laundering regulations in the European Union has sparked a contentious debate regarding the balance between combating financial crime and preserving citizens’ rights to privacy and economic freedom. The regulations have drawn both criticism and support from various stakeholders, leading to a heated discussion on social media platforms. Patrick Breyer, a
When it comes to the future price trajectory of Bitcoin in 2024, analysts are divided between optimism and caution. One of the leading voices in the bullish camp is Cryptoyoddha, a prominent crypto analyst known for his meticulous tracking of historical Bitcoin price movements. According to Cryptoyoddha, each cycle of Bitcoin follows a similar pattern:
The legal battle between Ripple and the US Securities and Exchange Commission (SEC) is reaching its trial phase scheduled for April 23. However, before reaching this crucial point, both parties have been required to address certain court requirements. Recently, the entities demonstrated a collaborative effort by filing a joint letter to tackle sealing issues related
In a recent development, U.S. District Judge Robert Shelby found the Securities and Exchange Commission (SEC) guilty of serious misconduct in the legal action against Utah-based cryptocurrency firm DEBT Box. The judge accused the SEC of a “gross abuse of power” in handling the case and highlighted multiple instances of “bad faith” conduct. This decision
Last week proved to be challenging for Spot Bitcoin ETFs as they struggled to attract significant inflows day after day. The result was consecutive daily outflows throughout the week, indicating a potential decrease in bullish sentiment among institutional traders. This decline in investor interest was reflected in the price of Bitcoin, which dropped to as
In the volatile world of cryptocurrency trading, the price performance of Bitcoin has always been a topic of interest and concern for investors. The recent decline in Bitcoin’s price has sparked conversations within the crypto community, with many large-cap tokens also experiencing reversals in their profits. However, amidst the uncertainty, there is a group of
Dogecoin20, a new and improved version of the popular Dogecoin, has recently closed out its presale with an impressive $37 million raise. Despite this success, the presale for Dogecoin20 is still ongoing, with contributors pushing towards a $10 million hard cap sellout. In just a week, Dogecoin20 has managed to amass more than $7.6 million
The recent surge in the crypto market has brought attention to meme coins like never before. With a significant figure of $280 million raised in a presale for a memecoin on the BNB Chain, it is evident that there is a growing appetite for speculative investments within the crypto community. This substantial amount not only
Bitcoin’s price movements over the weekend have been somewhat underwhelming as the asset has calmed at just over $64,000 after the previous week’s volatility. The altcoins are, in general, also less volatile today, with a few exceptions like Dogecoin, which has surged by around 7%. Last business week started on a highly unfavorable note for
In a devastating turn of events, a 46-year-old housewife from Hong Kong has found herself facing losses of a staggering 7.1 million Hong Kong dollars ($908,000) after falling victim to a fraudulent crypto investment platform. The woman, who remains unnamed, was lured into the scam through a series of deceitful tactics employed by cunning fraudsters.
North Korea has been making headlines due to its involvement in cyberattacks, with the United Nations Security Council revealing that the country earns a significant portion of its foreign exchange earnings through these illegal activities. The council’s report indicates that North Korea’s cyberattack strategy involves compromising digital wallet private keys and seed phrases, leading to
Ethereum has recently experienced significant growth in daily active users and daily transaction volume. Despite this, the price of ETH, Ethereum’s native cryptocurrency, has seen corrections in the past few days. In particular, Ethereum has dropped by over 10% in the last week, trailing behind Bitcoin and the S&P 500. While this downtrend is prevalent
Coinbase, the derivatives arm of the largest American cryptocurrency exchange, recently announced its intentions to launch futures trading contracts for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) by April 1, 2024. This bold move signifies a significant step forward in the world of cryptocurrency trading and marks a new era for these digital assets.
In the midst of escalating inflation and economic instability, Argentinians are turning to Bitcoin as a safe haven, with recent data showing a significant increase in cryptocurrency purchases. The surge in Bitcoin transactions has been particularly notable in the first week of March, with a reported 34,700 weekly purchases in Argentina. This represents a substantial
The price of Ethereum has been on a rollercoaster ride this month, with a promising start followed by bearish pressure. The uncertainty surrounding regulations has added to the negative sentiment surrounding Ethereum, leading investors to question the long-term potential of the coin. One of the key indicators of this lack of confidence is the significant
The meme coin sector has recently experienced a surge in popularity, with certain assets gaining significant traction on social media platforms. While early adopters have reaped substantial profits from tokens like SHIB and WIF, caution is advised due to the inherent volatility in this niche market. Top Performers in the Meme Coin Sector Contrary to
Ethereum, like the rest of the cryptocurrency market, is experiencing a pullback after reaching a new all-time high. The price of Ethereum has been moving downward after setting a new yearly high of $4,094. Currently trading around $3,360, the price is up by 0.64% in the last 24 hours. Looking at the chart, a support
The XRP Ledger (XRPL) has recently integrated automated market maker (AMM) functionality into its decentralized finance ecosystem. This new feature has already shown promising results with the creation of the first AMM liquidity pools supporting pairs such as XRP/USD and XRP/BTC. Automated Market Makers (AMMs) rely on mathematical algorithms to quote cryptocurrency prices and facilitate