Bitcoin (BTC) faced a significant decline in price over the weekend after the release of August nonfarm payrolls (NFP) data. The price dropped by nearly 5% to trade below the $54,000 range, hitting its lowest level since early August. This downward trend in price led to the liquidation of $200 million in long positions, contributing
Crypto
The recent alert issued by the United States Federal Bureau of Investigation (FBI) has shed light on the aggressive attacks carried out by North Korean hackers against the crypto industry. These attacks are not just random acts of cybercrime but are carefully planned and executed using sophisticated social engineering tactics. Even individuals within the crypto
In the world of cryptocurrency, Ethereum has long been considered a major player alongside Bitcoin. However, in recent years, Ethereum’s performance relative to Bitcoin has shown a significant decline. This decline has been attributed to various factors, signaling potential challenges for the future of Ethereum. Transition from Proof-of-Work to Proof-of-Stake One of the major events
Over the past week, Bitcoin experienced a tumultuous journey in terms of price fluctuations. The digital asset initially surged towards the $60,000 mark on Tuesday, only to face a sharp rejection that sent it spiraling down to $55,500 by Wednesday. This downward trend continued as another lower high on Thursday brought the price further down
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 the implementation of spot Bitcoin ETFs in the US. Following this dip, BTC has seen a 7% decrease in the past seven days, indicating that bears may be back in
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
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,
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