Recently, Coinbase CEO Brian Armstrong announced that one million individuals have joined the ‘Stand With Crypto’ movement to advocate for the cryptocurrency industry. This surge in support has been attributed to various factors, including the threat of a Whitehouse veto and recent bipartisan victories in Congress. Armstrong highlighted the non-partisan nature of the movement and
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The recent indictment of Bill Guan, the chief financial officer of Epoch Times, by the US Department of Justice has sent shockwaves through the media industry. Guan stands accused of participating in an elaborate international money laundering scheme involving cryptocurrency, with millions of dollars of illicit funds allegedly funneled through the media company. According to
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently seen a dip below the 4-hour Simple Moving Average (SMA). This technical indicator holds significance for traders and investors alike, as it is often used to assess short-term market momentum. When a cryptocurrency’s price falls below the 4-hour SMA, it can indicate a potential shift
In recent days, the price of bitcoin has been on a rollercoaster ride, with sharp drops in value that have left many investors puzzled. Despite the ongoing inflows into US-based ETFs, bitcoin experienced a significant drop of over three thousand dollars in just a few hours. This raises the question of what exactly caused this
Ripple’s XRP has been maintaining a price level around $0.52 recently, lacking significant price movements compared to other leading cryptocurrencies. The market cap of XRP has struggled to surpass the $30 billion mark during this period of consolidation. However, analysts have contrasting opinions regarding the future of XRP’s price. Some analysts, such as DustyBC Crypto
Recently, a well-known on-chain investigator brought to light a case of fraudulent activity involving an early investor in the Solana-based meme coin, ANDY. The exploiter was able to siphon off approximately $2 million worth of meme coins in a series of transactions, causing the price of ANDY to plummet by over 20% in just one
The Bitcoin price has reached a stagnant point after soaring to $71,000, lingering in a state of uncertainty. Such periods often precede major movements in price, but predicting the direction of these movements is a daunting task. Crypto analyst Alan Santana has delved into the Bitcoin chart to forecast the potential trajectory of the price.
Creditors of the bankrupt cryptocurrency exchange FTX have raised concerns over the proposed reorganization plan, stating that it does not meet certain requirements of the Bankruptcy Code. The objection, submitted by FTX creditors including Ahmed Abd El-Razek, Pat Rabbitte, Noia Capital, and activist Sunil Kavuri, highlights issues such as property rights, the best interest test,
California-based med-tech company Semler Scientific has recently made waves in the industry by announcing its purchase of an additional 247 BTC for a total of $17 million. This brings the company’s total bitcoin holdings to 828, which were acquired for $57 million in total. Semler Scientific is also looking to raise $150 million in order
Philip Swift, the founder of LookIntoBitcoin, recently pointed out the significant increase in global liquidity, which has just reached a new all-time high (ATH). According to Swift, global liquidity hitting a new ATH is a crucial indicator of how Bitcoin can rise in the current bull run. Swift emphasized that global liquidity is the “most