Recent trends show a significant uptick in investor interest in spot Bitcoin exchange-traded funds (ETFs) in the United States. During a recent trading week, these funds experienced an astounding influx, garnering over $1 billion in new investments across eleven US-based products. This surge illustrates a renewed faith in Bitcoin’s growth potential, especially following the Federal
Crypto
The cryptocurrency landscape is often dictated by macroeconomic factors, and recent U.S. inflation data provided a welcome boost, propelling Bitcoin to heights not seen in nearly two months. This surge, where Bitcoin briefly touched $66,500, serves as a potent reminder of the digital currency’s volatility and the outsized influence that economic indicators can have on
In a significant international enforcement maneuver, U.S. authorities have publicly charged two Russian nationals, Sergey Sergeevich Ivanov and Timur Shakhmametov, for their alleged involvement in a sophisticated cryptocurrency money laundering operation. This marks an escalation in the U.S. government’s ongoing battle against cybercrime, particularly pertaining to the illicit activities based out of Russia. The charges
Bitcoin, the pioneering cryptocurrency, has shown remarkable resilience recently, surging past the $64,000 mark. This significant leap has brought it above its 200-day moving average, a critical indicator for many traders and investors. Such movements often signal bullish trends in the market. Moreover, indicators like the Relative Strength Index (RSI) are also trending positively, suggesting
As cryptocurrency becomes an increasingly important topic in the political arena, the way politicians are evaluated for their support of the industry can be influential in shaping public perception and policy. A recent incident involving Stand With Crypto, a digital asset lobby group backed by Coinbase, exemplifies the dynamic and sometimes contentious relationship between cryptocurrency
The landscape of cryptocurrency is in constant flux, but a recent report by CoinShares sheds light on the pivotal role played by Ethereum (ETH) in this dynamic ecosystem. According to findings released on September 24, two primary areas—marketplaces and stablecoins—are fundamental to Ethereum’s current prominence. While the network is undeniably influential in these domains, the
Shiba Inu (SHIB) has recently captured the spotlight in the cryptocurrency world, witnessing an impressive price increase of 35% over the past week. This surge has propelled its market capitalization beyond the $11.5 billion mark, establishing SHIB as the 14th largest cryptocurrency, while retaining its position as the second-largest meme coin, trailing behind Dogecoin. Such
On December 2, Roman Storm, a prominent figure associated with Tornado Cash, is set to face trial in New York on three significant money laundering charges. This development follows U.S. District Judge Katherine Polk Failla’s rejection of his motion to dismiss the charges, a ruling that sheds light on the complexities at the intersection of
The political landscape of New York City is currently reeling from a host of corruption allegations that have ensnared Mayor Eric Adams. Once hailed as a beacon of hope for New Yorkers after his election in 2021, Adams’ tenure is now marred by federal scrutiny, which has led to significant resignations from his administration. This
Recently, LINK, the native cryptocurrency of the Chainlink decentralized oracle network, has experienced a notable price surge. This uptick has been primarily driven by robust on-chain activity and a growing sense of confidence among investors. According to insights from blockchain analytics firm Santiment, technical indicators suggest a favorable trend for LINK, indicating that the cryptocurrency