In a groundbreaking case in Scotland, a sum of £110,000 was confiscated from 29-year-old John Ross Rennie, marking the first instance where proceeds of crime legislation have been utilized to seize cryptocurrency as physical cash. Rennie, a resident of Cambuslang, was found guilty of possessing stolen goods in connection to a violent robbery that took
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The recent cease-and-desist order issued by the U.S. Federal Reserve against United Texas Bank (UTB) has shed light on the significant deficiencies in the bank’s governance, particularly its adherence to anti-money laundering (AML) laws and risk management related to virtual currency customers and foreign correspondent banking. This order, stemming from an examination conducted in May
Ethereum has been facing a significant bearish trend recently, with a sharp decline in price following a pullback to the lower boundary of a broken wedge pattern. This has been exacerbated by the formation of a death cross, where the 100-day moving average crosses below the 200-day moving average. Such indicators have instilled fear and
In the volatile world of cryptocurrency trading, large investors known as whales play a significant role in market movement. Despite the ongoing fluctuations in the crypto market, data intelligence firm Santiment has identified the top ten crypto projects experiencing a surge in whale activity. Ethereum-based SuperRare One of the projects topping the list is SuperRare,
Opeyemi is not just your regular writer; he is a dedicated enthusiast in the dynamic and captivating realm of cryptocurrency. Despite not initially gravitating towards the digital asset industry, Opeyemi delved into this space over two years ago and has been captivated ever since. His passion lies in creating thought-provoking pieces that demystify the complexities
Ethereum (ETH) is currently facing significant selling pressure and fear after a 23% decline, bringing its price down to yearly lows at $2,200. One major concern for investors is the ongoing underperformance of ETH compared to Bitcoin, a trend that has persisted since September 2022. Since then, Ethereum has fallen 44% against Bitcoin. This dramatic
The recent plummet in Bitcoin and cryptocurrency prices has resulted in a widespread downturn in the market. This has led to a sharp decline in sentiment among crypto investors, causing the Fear & Greed Index to drop into the Extreme Fear zone. This decline suggests that investors are becoming more hesitant to invest in the
In today’s financial markets, trading can be both exhilarating and demanding. The need for quick decision-making and constant vigilance can be overwhelming for many individuals. This is where the use of trading bots comes into play. These automated tools are designed to alleviate some of the burden associated with trading and offer a more streamlined
Recent developments in the crypto market have indicated that Ethereum has entered oversold territory, which could potentially signal a bullish trend for the second-largest cryptocurrency by market cap. Analysts such as Titan of Crypto have pointed out that historically, when the relative strength index (RSI) is in or near oversold territory on the 3-day chart,
The current data reveals that the percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has dropped to its lowest level in the year, a figure last witnessed back in October 2023. This decline in the UTXO metric seems to coincide with the recent downward trend in bitcoin’s price as well as the broader cryptocurrency