The recent crackdown by Chinese police forces on a large underground banking operation has shed light on the illicit use of the popular stablecoin Tether (USDT) in facilitating transfers totaling up to 13.8 billion yuan ($1.9 billion). The operation, headed by a criminal gang linked to the Chinese import and export business, used USDT to
In recent days, the cryptocurrency market has experienced a surge in prices, with Bitcoin leading the pack. The price of Bitcoin rose from $61,000 to over $67,000, marking a significant increase in value. This sudden spike in price has generated a lot of interest and speculation in the cryptocurrency community. One of the main factors
The Mollars (MOLLARS) ICO for the upcoming store of value altcoin in 2024 is gaining momentum at a rapid pace, with funds raised quickly approaching US$1,500,000. The ICO has already reached 72% completion, leaving a mere 28% of the tokens designated for the presale still available for purchase. This new altcoin has captured the interest
Bitcoin’s price surged by 2.9% on Friday, surpassing $67,000 for the first time since April 24. This upward movement is primarily attributed to the low inflation levels reported in the latest Consumer Price Index (CPI) data. However, Bitcoin’s price is influenced by various factors, one of which could be the increased supply of a specific
One of the key factors that could potentially lead to Dogecoin overtaking Ripple’s market cap is the powerful influence of Elon Musk. With his massive credibility and publicity, Musk has been a vocal supporter of Dogecoin, which has significantly boosted its popularity and value. On the other hand, Ripple lacks a similar high-profile champion, which
The intersection of artificial intelligence (AI) and cryptocurrency has been gaining momentum in recent months. The advancement of AI technology, coupled with the growing popularity of cryptocurrencies, has ushered in a new era of innovation and potential growth. OpenAI, a prominent AI research organization, recently unveiled its latest ChatGPT model, equipped with enhanced voice recognition
The data provided by Coinbase suggests that there is a 30% to 40% chance of the SEC approving spot Ethereum ETFs by the end of the month. This information comes from an Institutional Research Analyst at Coinbase, David Han. Han believes that the correlation between CME futures products and spot exchange rates could play a
In a groundbreaking move, Oklahoma has passed a bill that legally protects the right to self-custody Bitcoin, setting a precedent for other states to follow. The bill, known as HB3594 or the ‘Bitcoin Rights’ bill, was signed into law by Republican Governor Kevin Stitt, ensuring that residents can hold, control, and use digital assets without
The recent fluctuations in the price of Pepe (PEPE) have left many traders scratching their heads. After hitting record highs earlier this week, the price has taken a sharp decline, dropping by 12% from its peak. This has sparked a debate among traders on whether now is the right time to buy the dip or
Crypto Jebb, a well-known crypto analyst, recently brought attention to an inverse head and shoulders pattern on the Bitcoin chart. This bullish pattern has the potential to initiate another rally for the leading cryptocurrency, possibly pushing its price to $100,000. In a video on his YouTube channel, Crypto Jebb pointed out the formation of this