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
Crypto
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
The US jobs report released on Friday fell short of general expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000. This disappointing figure brought the three-month average to 86,000, significantly lower than the 202,000 seen in the same period the year before. While the job addition numbers were underwhelming, the
Toncoin (TON) has experienced a significant drop in price since its peak in June, currently trading at around $4.80, which is 40% lower than its highest point. The decline in price can be attributed to negative news surrounding the arrest of Pavel Durov, the founder and CEO of Telegram, the messaging app associated with TON.
The crypto market is highly sensitive to news, trends, and community discussions that shape narratives around various topics. One of the leading topics that have significantly impacted the community is the narrative surrounding crypto whales – large holders of bitcoin and other top cryptocurrencies. These whales have a massive influence on crypto prices, which has
The Future Forward USA PAC, a supporter of Vice President Kamala Harris’s presidential campaign, has recently announced that they are now accepting cryptocurrency donations through Coinbase Commerce. This announcement comes after some initial confusion caused by comments made by a Coinbase executive at a recent conference. The clarification made by a spokesperson for the exchange
The recent charges brought by the U.S. Securities and Exchange Commission against Galois Capital, a crypto-focused advisory firm, highlight a crucial oversight in the firm’s operations. The SEC found that Galois failed to ensure that the crypto assets held by the private fund it was advising were secured with a qualified custodian. Instead, the firm