In a landmark decision aligning with its 16th sanctions package, the European Union has targeted Garantex, a cryptocurrency exchange based in Russia. This move underscores the EU’s commitment to curtailing financial avenues that facilitate Russia’s evasion of sanctions amid the ongoing Ukraine conflict. The European Council’s announcement on February 24 highlights Garantex’s involvement in helping
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Cardano (ADA) finds itself straddling the precarious line between bullish potential and bearish sentiment, currently trading just below the $0.80 mark. This critical price point serves as both a psychological and technical level, one that has previously shown the capacity to foster significant movements in price. After weeks marked by heightened volatility and considerable selling
Ethereum, the second-largest cryptocurrency by market capitalization, is at a crucial juncture as it attempts to navigate the turbulent waters of the crypto market. Over the past week, the price has been oscillating between the $2,650 and $2,750 range, leading to an atmosphere of indecision among investors. This sideways trading pattern has raised several questions
The ever-evolving landscape of cryptocurrency, particularly Bitcoin, continues to attract the attention of investors, analysts, and traders alike. Bitcoin, the pioneer of digital currencies, is currently entrenched in a phase of significant volatility and uncertainty. Recent analyses suggest that Bitcoin’s price may be set for a downward trajectory, with expert opinions diverging on the timeline
Citadel Securities, a significant player in traditional finance, is reportedly setting its sights on the burgeoning cryptocurrency market as it prepares to dive into crypto market-making. As outlined by a Bloomberg News report dated February 24, the firm seeks to offer enhanced liquidity on some of the industry’s largest platforms, including Coinbase, Binance, and Crypto.com.
The cryptocurrency landscape has once again been rocked by a significant security incident, as the stablecoin bank Infini fell victim to a massive theft exceeding $49 million in USDC. This breach, primarily attributed to the misuse of administrative privileges retained by a former developer, serves as a stark reminder of the vulnerabilities in the crypto
Bitcoin’s recent performance has raised eyebrows in the cryptocurrency space, as it has fallen below the crucial 100-day moving average, which currently stands at $98,000. This dip signals an increase in selling pressure, albeit accompanied by a notable decline in trading volume. Such low activity diminishes the possibility of significant price movements in the near
In the tumultuous realm of cryptocurrency, platforms that promise effortless trading often find themselves mired in controversy. The latest episode surrounds OX.FUN, a crypto derivatives exchange entangled with the disgraced founders of Three Arrows Capital, Su Zhu and Kyle Davies. Recently, the exchange has faced scrutiny for alleged financial misconduct, casting a shadow over its
As the cryptocurrency market continually shifts, Bitcoin finds itself in a tumultuous situation, downtrending to below the $96,000 mark after showing some stability over the preceding weekend. This latest dip reflects a troubling trend that has left investors rattled, particularly after a week marked by volatility and uncertainty. Bitcoin’s struggles encapsulate the larger state of
Recent economic reports have unveiled significant vulnerabilities within the U.S. economy, as indicated by the service-sector PMI reaching its lowest point in over two years. This downturn sparks newfound scrutiny over the sustainability of economic growth. In the coming week, we are set to receive critical data on GDP and the Personal Consumption Expenditures (PCE)