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Cartier Family Member Indicted for Using USDT to Launder Hundreds of Millions in Drug Trafficking Money
[May 7, 2024 11:37 AM] Maximilien De Hoop Cartier, a descendant of the family famous for their French luxury goods Cartier, has been indicted for his participation in a network that allegedly used several shell companies to launder drug trafficking money proceeds using…
Positive Market Turn: US Bitcoin ETFs See Substantial Inflows After Last Week’s Outflows
[May 7, 2024 9:36 AM] According to statistics, U.S. spot bitcoin exchange-traded funds (ETFs) saw their second consecutive day of positive inflows after recording approximately $378.3 million on Friday. During Monday’s trading sessions, the U.S.-based bitcoin…
Polymarket Bets Reflect Low Confidence in Ethereum ETF Approval by SEC
[May 7, 2024 7:33 AM] According to a wager on the decentralized betting platform Polymarket, the likelihood of a spot ethereum exchange-traded fund (ETF) gaining approval from the U.S. Securities and Exchange Commission currently stands at just 7%. This forecast…
Chainalysis Named Council Member of MENA Banking Group’s Digital Asset Lab
[May 7, 2024 5:20 AM] Chainalysis, a blockchain analysis firm, has been appointed as a council member of Digital Asset Lab. The firm will use its expertise to assist Emirates NBD’s lab in understanding market trends and client needs. The Digital Asset Lab’s…
Australian Tax Office seeks data from 1.2M crypto exchange users: Report
[May 7, 2024 4:51 AM] The personal and crypto-transaction related details could help identify users who failed to report their tax obligations, according to the Australian Tax Office.
Nigerian officials proposed secret crypto settlement, claims Binance CEO
[May 7, 2024 3:33 AM] Binance CEO Richard Teng says the Nigerian government has set a dangerous precedent after inviting company executives to meetings before detaining them.
Nigeria to ban peer-to-peer crypto trading in naira
[May 7, 2024 3:20 AM] Nigeria’s SEC is set to launch a new regulatory framework for crypto exchanges and custodians “in the coming days.”
Revolut debuts dedicated crypto exchange for UK users
[May 7, 2024 3:05 AM] Revolut announced its new Revolut X crypto trading platform for U.K. retail users, which it claims will offer fixed low fees and easy fiat-to-crypto conversion.
Philippines Regulator to Unveil Cryptocurrency Regulatory Framework in Second Half of 2024
[May 6, 2024 11:47 PM] Emilio B. Aquino, chairperson of the Securities and Exchange Commission in the Philippines, announced plans to introduce a regulatory framework for cryptocurrency in the latter half of 2024. Aquino expressed optimism that tech giants Apple and…
Investment Firm Franklin Templeton Believes Solana Will Become the Third Largest Crypto Asset
[May 6, 2024 9:26 PM] Franklin Templeton, a leading investment firm with over $1.5 trillion in assets under management (AUM), believes Solana has the potential to become the third-largest cryptocurrency in the market. The firm praised the resilience of the project, its…
Bitcoin Cash Prepares Adaptive Blocksize Limit Upgrade, Commits to Network Scaling
[May 6, 2024 7:33 PM] Bitcoin Cash, the usability-focused Bitcoin hard fork, is preparing to perform a blockchain-wide upgrade slated to happen on May 15th. The upgrade implements the adaptive blocksize limit algorithm, allowing the network to adapt to future increases…
Analysts Stand Firm on $150K Bitcoin Price Forecast Citing ‘a Healthy Cycle’
[May 6, 2024 5:16 PM] Global asset management firm Alliance Bernstein’s analysts have reaffirmed their bullish outlook on bitcoin, predicting a rise to $150,000 by 2025. They view the recent price correction as a healthy cleanup of market excesses. Additionally…
NEAR Price Rally: 9% Surge Recaptures Key Level, Records 160% TVL Growth In Q1
[May 6, 2024 4:00 PM] Decentralized application (dApp) platform Near Protocol exhibited notable growth in key metrics during the first quarter (Q1) of 2024, driving its native token NEAR to reclaim a crucial key level and paving the way for a potential retest of its…
Top AI Crypto Assets Rebound Despite Recent Month-Long Decline
[May 6, 2024 1:11 PM] According to the latest data, the top ten artificial intelligence (AI)-based crypto assets have experienced double-digit declines over the last 30 days. Despite the downward trend, nine out of the top ten saw a recovery this past week, recording…
2014 Bitcoin Whale Awakens, Spends 1,005 BTC Valued at $64 Million After a Decade
[May 6, 2024 11:38 AM] Contrary to several earlier reports, it has been revealed that not only were 687.33 bitcoins transferred from a dormant 2014 wallet on May 6, 2024, but the owner also appears to have expended a total of 1,005.33 BTC, equivalent to almost $64…
This Week’s Crypto Gainers: Worldcoin Leads Surge, ZBC and SEI See Largest Declines
[May 6, 2024 9:22 AM] Although last week saw some progress compared to the previous one, bitcoin has only experienced a slight 2% increase, whereas ethereum has incurred a 1.6% loss during the same period. Among alternative cryptocurrencies, worldcoin (WLD) emerged as…
Study Uncovers Surprising Data: 90% Of Stablecoin Transactions Not Driven By Human Users
[May 6, 2024 8:00 AM] In a recent report by Bloomberg, it has been revealed that more than 90% of stablecoin transaction volumes do not originate from genuine users, according to a new metric co-developed by Visa. Stablecoin Market Faces Data Reality Visa and Allium…
SEC Issues Wells Notice to Robinhood Over Crypto Operations
[May 6, 2024 7:20 AM] A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its…
First Bitcoin-backed synthetic dollar to launch with 25% yield
[May 6, 2024 7:00 AM] USDh is the first Bitcoin-native synthetic dollar with yield-generating capabilities. Is the 25% yield sustainable?
Ethereum Technical Analysis: ETH Bulls Maintain Drive Amid Fluctuations and Uncertainty
[May 6, 2024 6:56 AM] As ethereum trades at $3,135, technical indicators present a nuanced picture for traders. Oscillators largely suggest neutrality with a mix of bullish signals, while moving averages indicate a balance of both positive and negative signals across…
Robinhood crypto business slapped with SEC Wells notice
[May 6, 2024 6:56 AM] The SEC is planning to file an “enforcement action” against Robinhood’s cryptocurrency business, according to the Wells notice.
Nasdaq-listed Tiger Brokers rolls out online crypto trading to Hong Kong
[May 6, 2024 6:31 AM] The Tiger Trade app allows professional traders access to 18 different cryptocurrencies alongside stocks, futures, U.S. Treasury bonds and Bitcoin ETFs.
Turkish crypto bill: 5 things to know before it’s introduced
[May 6, 2024 6:18 AM] Turkey was expected to introduce crypto legislation in early 2024, but the local parliament is yet to report on the process.
Bitcoin Technical Analysis: Bulls Challenge Upper Resistance
[May 6, 2024 6:09 AM] Bitcoin’s price movement on May 6, 2024, showcases a complex dance of volatility and potential, captured vividly across various time frames and technical indicators. With an intraday range swinging from $63,657 to $65,489, traders grapple…
Kenyan President Requests Bitcoin Miner Marathon Digital to Review Nation’s Cryptocurrency Regime
[May 6, 2024 5:21 AM] The Kenyan President William Ruto recently revealed that his government has appointed Bitcoin mining company Marathon Digital as its consultant to review its cryptocurrency regime. The U.S.-based Bitcoin miner is reportedly set to discuss…
FTX addresses transferred $8.3M one day before amended proposal deadline
[May 6, 2024 5:01 AM] The transfer occurred a day before FTX debtors were set to release a new restructuring plan for the exchange.
Analysts: Gold Rush In China Is Propping Prices Up
[May 6, 2024 3:28 AM] The interest and high demand for gold products in China is one of the factors that is propping the price of the precious metal up in international markets. Several analysts believe that the loss of confidence in traditional investment options in…
Bitcoin privacy will survive despite CoinJoin closure — zkSNACKs CEO
[May 6, 2024 3:28 AM] The impending closure of zkSNACKs’ CoinJoin service has been described as a setback for Bitcoin developers and privacy proponents.
Satoshi-era dormant Bitcoin address wakes up after 10 years
[May 6, 2024 2:35 AM] According to a Chainalysis report, there are a total of 1.75 million dormant BTC addresses inactive for over a decade.