In a recent case in Scotland, John Ross Rennie, a 29-year-old man from Cambuslang, was involved in a violent robbery in March of 2020. During the robbery, the victim was forced to transfer 23.5 Bitcoin, valued at approximately £109,601, to the assailants. Rennie was identified as the “technical brains” behind the operation, providing expertise on
Crypto
United Texas Bank (UTB) has recently come under fire from the U.S. Federal Reserve for significant deficiencies in its governance, particularly regarding anti-money laundering (AML) laws and risk management associated with virtual currency customers and foreign correspondent banking. An examination conducted in May 2023 uncovered shortcomings in board oversight and senior management’s handling of compliance
In recent times, Ethereum has been facing a bearish outlook, characterized by a significant downtrend. This negative trend has sparked fear and uncertainty among market participants, leading to a decrease in investor interest. The rejection at the lower boundary of a multi-month wedge and key Fibonacci levels has confirmed the presence of strong selling pressure
As the crypto market remains turbulent and unpredictable, there is a notable surge in whale activity among large investors. Data intelligence firm Santiment has conducted an analysis revealing the top ten crypto projects experiencing a significant increase in whale activity. In this context, whales are referred to as investors who carry out transactions valued at
The percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has recently dropped to its lowest level in the year, resembling the statistics from back in October 2023. This particular decrease in UTXOs aligns with the current downward trend in bitcoin’s price and the broader crypto market. It’s crucial to note that analyzing UTXOs is
Toncoin (TON) was once riding high on a bull run at the beginning of 2024, reaching an impressive all-time high of nearly $8.20 in mid-June. However, the tides quickly turned towards the end of August, leading to a 40% decrease in price, settling around $4.80. The downfall can be attributed to negative news surrounding Pavel
The recent release of the US jobs report has caused a stir in the financial markets, particularly in the cryptocurrency sector. Contrary to general expectations of over 160,000 job positions to be filled, the report revealed that local employers added only 142,000 new jobs in August. This shortfall has led to speculation about the future
One of the key narratives that have shaped the crypto market this year is the discussion around crypto whales – large holders of bitcoin and other major cryptocurrencies. These whales have been noted to have a significant impact on prices, with concerns raised about potential market manipulation during price declines. However, it is essential to
The Future Forward USA PAC, which supports Vice President Kamala Harris’ presidential campaign, has recently made headlines by accepting cryptocurrency donations through Coinbase Commerce. This move signifies a shift in the way political campaigns are funded and could potentially have a lasting impact on future elections. Initially, there was some confusion surrounding comments made by
The recent charges brought forth by the U.S. Securities and Exchange Commission against Galois Capital, a crypto-focused advisory firm, have shed light on the importance of proper custody of client assets in the crypto space. The SEC found that Galois failed to ensure that the crypto held for the private fund it was advising was