Ethereum (ETH), one of the leading cryptocurrencies, has captured the attention of investors recently, particularly in terms of its potential trajectory against Bitcoin (BTC). Despite enduring a prolonged bearish period, where it has been described with phrases like “the ultimate shitshow of this cycle,” some analysts are suggesting that a significant rally could be on
Ryan Salame, a former executive of the now-infamous cryptocurrency exchange FTX, finds himself in a precarious legal situation that raises questions about the integrity of the judicial process. Following his 2023 guilty plea to charges related to campaign finance and money-transmitting crimes, Salame has admitted to providing false statements during his plea hearing. This admission
In a significant development within the cryptocurrency trading sector, eToro’s U.S. branch will halt trading in most cryptocurrency assets within the next six months, as mandated by an order from the Securities and Exchange Commission (SEC). This decision emerges from claims that eToro has been in breach of federal securities laws since 2020, bringing to
The crypto landscape is no stranger to volatility, and the recent activity surrounding a wallet linked to the collapsed FTX exchange and its affiliate, Alameda Research, serves as a reminder of this turbulent environment. A movement involving the redemption of 177,693 Solana (SOL) tokens, valued at approximately $23.75 million, has emerged as a focal point
In the rapidly evolving landscape of digital storage solutions, GhostDrive emerges as a formidable contender within the decentralized Web3 space. This innovative platform has captured the attention of over 740,000 monthly users, signaling a promising shift from conventional Web2 storage services. By leveraging the capabilities of the TON (The Open Network) blockchain and functioning as
In a significant development within the United States political landscape, lawmakers have initiated a joint inquiry into the Securities and Exchange Commission (SEC), raising serious allegations concerning the potential politicization of its hiring practices. This investigation, as outlined in a letter directed to SEC Chairman Gary Gensler, seeks to unearth whether political affiliations may have
In a significant regulatory development, eToro, a well-known trading platform, is set to scale back its cryptocurrency offerings after agreeing to a $1.5 million settlement with the US Securities and Exchange Commission (SEC). The SEC’s investigation unveiled that eToro had been enabling U.S. customers to trade crypto assets classified as securities since 2020, and it
In September 2024, the UK took a bold step toward creating a regulatory framework for digital assets with the introduction of “The Property (Digital Assets etc) Bill.” This legislation, which categorizes digital assets such as Bitcoin and non-fungible tokens (NFTs) as personal property, aims to provide essential legal clarity for asset owners and a set
Bitcoin has recently experienced a recovery, lifting spirits among its investors who have faced a turbulent market over the previous month. This respite from bearish trends is encouraging, but it raises important considerations regarding the sustainability of this rally. Price movements in cryptocurrencies, especially that of Bitcoin, are often influenced by various support and resistance
The cryptocurrency market is often marked by volatility, especially for major players like Bitcoin (BTC) and Ethereum (ETH). This week saw Bitcoin dipping to around $55,500 and Ethereum dropping to $2,200, leading to widespread pessimism among investors. However, an unexpected bullish turn among altcoins has redefined the narrative, showcasing the potential of smaller projects to
In an exciting development for cryptocurrency enthusiasts, Coinbase, the largest U.S.-based cryptocurrency trading platform, has officially launched its Wrapped Bitcoin product, known as cbBTC. This initiative marks an important step in expanding Bitcoin’s utility in the decentralized finance (DeFi) sector. The cbBTC tokens are live on two significant blockchains: Base and Ethereum. This launch follows
The recent acquisition of a Physical Crypto Asset Trader (PFAK) license by Tokocrypto, a subsidiary of Binance, from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) marks a significant milestone for the company. This development positions Tokocrypto as the third exchange in Indonesia to receive the PFAK license, indicating its strong commitment to regulatory compliance and
The cryptocurrency market has been witnessing Bitcoin stuck in a downtrend, struggling to break above key resistance levels. However, a recent fundamental analysis conducted by crypto analyst Kaleo sheds light on Bitcoin’s healthy position. This analysis contrasts the current market dynamics with the previous halving cycle, indicating a positive outlook for Bitcoin’s future. Kaleo’s analysis
Fintech giant Nubank recently made headlines by announcing the suspension of trading for their cryptocurrency, Nucoin. This move has sparked discussions and raised concerns about the bank’s financial stability in the market. Effective immediately, Nucoin can no longer be bought or sold within the bank’s app, according to a blog post released on September 10.
Bitcoin (BTC) has recently seen a resurgence in its price, with indicators pointing towards the beginning of a long-awaited bull market. Market intelligence platform Santiment reported a positive change in Bitcoin’s price movements, with the cryptocurrency reaching $57,600 this week. This marks a significant increase as Bitcoin had been struggling with price declines in the
The cryptocurrency market has been experiencing some promising signs of recovery lately. Ethereum, one of the leading digital assets, has made modest gains in the past 24 hours after a sharp decline last Friday. The price of Ethereum, which plummeted to $2,154, is now nearing the $2,400 mark, sparking optimism among investors. Market expert Jesse
In 2019, Cardano experienced a significant drop of 57% when the Federal Reserve decided to cut rates. Now, with another rate cut on the horizon, the cryptocurrency faces a similar setup that could potentially lead to major downside. It is important to note that in 2019 the rates were at 2.39% and the public debt
The Commodity Futures Trading Commission (CFTC) recently announced a collaborative effort with federal and private organizations to combat the alarming increase in crypto scams known as “pig butchering.” These scams have resulted in significant financial losses due to a lack of awareness and understanding among consumers. The regulator’s campaign is focused on educating the public
The Law Commission of the United Kingdom (UK) Parliament recently proposed the Property (Digital Assets, etc.) Bill on Sept. 11, which aims to legally recognize digital holdings. This groundbreaking legislation seeks to categorize crypto, non-fungible tokens (NFTs), and carbon credits as personal property under British law. It represents a significant milestone in British legal history
Samuel Edyme, commonly known as HIM-buktu, is not your average web3 content writer and journalist. His journey into the crypto universe did not begin with a successful investment, but rather with a scam. Despite falling victim to a Ponzi scheme that used crypto as payment, Edyme did not retreat. Instead, he emerged stronger and more
The much-anticipated airdrop for the Rocky Rabbit Telegram game is set to take place on September 23, 2024, on The Open Network (TON). This event marks a significant milestone in the game’s development as it rewards loyal players and paves the way for more advanced gaming features. Players who have actively engaged with the game’s
Jameson Lopp, a co-founder of CasaHODL, recently uncovered a devious phishing scam targeting users of the popular cryptocurrency exchange Gemini. The scam involves fraudulent emails claiming that there has been a security breach at Gemini, prompting users to transfer their funds to a malicious address. The scammers even go as far as providing a fake
Industry experts are bullish on the future potential of Ethereum, with ITC Crypto founder Benjamin Cowen and MN Consultancy founder Michaël van de Poppe both identifying positive indicators for the cryptocurrency. Cowen pointed out a wedge chart pattern similar to previous cycles, indicating a potential breakout, while van de Poppe highlighted a bullish divergence and
The Nigerian court has elected to postpone its decision regarding the bail application for Tigran Gambaryan, an executive from Binance, until October 9. This decision comes after both sides presented their arguments in court. Gambaryan’s lawyer, Mark Mordi, advocated for his client’s release on the basis of medical concerns, emphasizing his deteriorating health conditions. Gambaryan,
Zurich Cantonal Bank, one of Switzerland’s leading financial institutions, has made a bold move by entering the crypto waters in Europe. On September 4, 2024, the bank announced the launch of Bitcoin and Ethereum trading services for its customers. With total assets under management worth $235 billion, Zurich Cantonal Bank is now offering 24/7 cryptocurrency
The article discusses the Bitcoin price prediction for the year 2030, based on the outcome of the US presidential elections. According to crypto analyst Thomas, Bitcoin is expected to reach $1 million by 2030 regardless of whether Donald Trump or Kamala Harris wins the elections. This prediction is significant as it highlights the potential growth
Investors and gamers alike are increasingly turning to pre-market trading as a means to gain early access to sought-after game tokens within the Telegram ecosystem. With games such as Hamster Kombat, Catizen, WatBird, and X Empire offering the opportunity for traders to acquire tokens before they are publicly available, it’s important to delve into what