The recent developments in the ongoing saga between Nigeria and Binance have seen the country dropping tax charges against the exchange’s executives. This decision came after the Federal Inland Revenue Service (FIRS) of Nigeria withdrew the tax evasion charges against Tigran Gambaryan, Binance’s head of financial crime compliance, and Nadeem Anjarwalla, the exchange’s director for
Crypto
Bitcoin (BTC) has experienced a 4.5% decrease in value over the past week, reaching a monthly low of $65,000. This drop in value can be attributed to a surge in selling activity from mining entities. According to a recent report by CryptoQuant analysts, Bitcoin mining entities have been transferring a higher volume of BTC to
Recently, Bitcoin took a significant dip to a monthly low of $65,000 on June 14th. This marked a 5% decrease from the previous week. Despite this short-term volatility, the overall trend shows that Bitcoin has been consolidating since early March. Analysts have noted that Bitcoin’s price range has been relatively stable, with only an 8.3%
Ripple has announced its plans to launch a stablecoin called Ripple USD (RLUSD) in 2024 on both the XRP Ledger and Ethereum. This stablecoin is expected to act as a bridge between traditional finance and the cryptocurrency industry. Despite the excitement surrounding this development, there has been criticism from the United States Securities and Exchange
In May, KuCoin exchange’s research arm released a report on the performance of cryptocurrencies, noting a total of $1.02 billion in new investments. This amount represented a slight decrease from the previous month, highlighting a 6.4% decline from April’s total of $1.09 billion. Despite this slight decrease, the report indicated a broader scale increase of
Blockchain intelligence firm TRM Labs has reported a concerning trend in the first four months of 2024 regarding cryptocurrency deposits into crypto addresses linked to Chinese drug precursor manufacturers. The data shows that these deposits more than doubled compared to the same period in 2023, with over $26 million in cryptocurrency flowing into these networks
Ethereum faced a 4.4% loss this week as sellers dominated the price action, pushing it to the key support level of $3,500. Although this pullback could be seen as a normal retest following a significant breakout after the ETF confirmation, the failure to breach the $4,000 resistance for the second time this year raises concerns.
Bitcoin has seen its fair share of ups and downs in recent times, but according to prominent brokerage firm Bernstein, the future looks bright for the leading cryptocurrency. In a recent report, analysts at Bernstein revised their long-term price forecast for Bitcoin, setting it at an impressive $200,000 by the end of 2025. This new
Bitcoin has experienced some turbulent price movements in the past few days, with the asset dropping to $65,000 for the first time in about a month. The primary cryptocurrency had a positive start to the week, surging to $70,000 on Monday. However, things took a turn on Tuesday amid concerns about the US CPI numbers
The Bitcoin market is currently experiencing an expiry event with around 20,000 Bitcoin options expiring, amounting to a notional value of $1.35 billion. While today’s expiry event is relatively small compared to previous weeks, a much larger expiry event is scheduled for June 28, with $6.7 billion worth of derivatives expiring. The current put/call ratio