Bitcoin’s price has been volatile in recent days, with the bulls currently in control. As the price hovers around $61,000, it’s important to consider how weekends can affect price action. Weekends typically see lower trading volume compared to weekdays, leading to thinner liquidity in the market. This lack of volume can result in more significant
Binance, the world’s leading cryptocurrency exchange, has announced that it will temporarily suspend TON deposits and withdrawals on August 26 for wallet maintenance. However, trading of the altcoin will remain unaffected during this time. The maintenance is scheduled to last for approximately two hours, after which all services will be resumed. Binance has assured users
Ripple, a prominent name in the cryptocurrency industry, has recently announced its plans to introduce a stablecoin known as Ripple USD (RLUSD). The aim is to create a bridge between the world of crypto and traditional finance. Ripple’s CEO, Brad Garlinghouse, believes that this stablecoin could revolutionize the way these two worlds interact with each
The DeFi Education Fund and the Blockchain Association recently submitted an amicus brief in support of a legal challenge against the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT). This database, operational since April, aims to track all securities trades across US markets, raising significant privacy and security concerns for participants in the digital
In a recent development, a US federal judge has denied the request made by crypto exchange Kraken to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC). This lawsuit alleged that Kraken was operating an unregistered securities exchange. The SEC’s complaint also accused Kraken of acting as an unregistered securities exchange, broker, dealer,
In a surprising turn of events, former Binance CEO Changpeng ‘CZ’ Zhao has been moved from FCI Lompoc II to the RRM Long Beach halfway house in California. This move has sparked confusion among users who wrongly assumed that he had been released. However, it is essential to clarify that CZ remains in custody, with
Pi Network, a cryptocurrency project introduced in 2019, has been gaining traction with its unique approach to mining digital assets on mobile devices. Unlike traditional Proof-of-Work (PoW) algorithms, Pi Network utilizes the energy-efficient Stellar Consensus Protocol (SCP) developed by the Stellar Development Foundation. This move aims to address the high electricity consumption associated with PoW
The recent surge in the price of Cardano (ADA) has sparked a wave of optimism among investors, with many hoping to capitalize on the gains. However, on-chain data suggests that a significant portion of Cardano investors might be inclined to secure their profits rather than hold on to their positions. Despite the price gain of
The FBI’s recent decision to utilize NFTs in returning $1.14 million to victims of the CluCoin fraud marks a significant shift in how law enforcement agencies interact with victims of financial crimes. By leveraging the innovative technology of NFTs, the FBI aims to streamline the process of victim restitution while minimizing the potential for further
As the month of August comes to a close, Bitcoin investors are left to reflect on the tumultuous journey the cryptocurrency has taken them on. The month started on a high note, only to be quickly clouded by multiple crashes that sent shockwaves throughout the market. The first week of August saw a staggering 30%