In a groundbreaking case in Scotland, a total of £110,000 has been confiscated from 29-year-old John Ross Rennie, marking the first instance in which proceeds of crime legislation have been utilized to seize cryptocurrency as physical cash. This case was finalized at the High Court in Edinburgh, shedding light on the growing issue of crypto-related
Crypto
The U.S. Federal Reserve recently issued a cease-and-desist order against United Texas Bank (UTB), a financial institution known for catering to crypto companies. The central bank pointed out significant deficiencies in UTB’s governance, particularly in relation to anti-money laundering (AML) laws and risk management connected to virtual currency customers and foreign correspondent banking. This action
Ethereum has been facing a bearish trend recently, with a notable decline in its price following a pullback to the lower boundary of a broken wedge pattern. This decline has been further exacerbated by the formation of a death cross, where the 100-day moving average crosses below the 200-day moving average. These factors have instilled
In the midst of the volatile crypto market, large investors are ramping up their activities, as revealed by data intelligence firm Santiment. The analysis highlights the top ten crypto projects experiencing a surge in whale activity, defining whales as investors carrying out transactions worth $100,000 or more. This trend sheds light on the shifting dynamics
Toncoin (TON) started the year on a high note, experiencing a significant bull run that led to its price reaching a new all-time high of nearly $8.20 in mid-June. However, the party didn’t last long as the asset began losing momentum towards the end of August. Currently, TON is trading at around $4.80, marking a
The recent decline in the percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has raised concerns among investors and analysts in the cryptocurrency market. This decrease in UTXOs aligns with the plummeting price of Bitcoin (BTC) and the broader decline in the crypto market. Analysts have started interpreting this metric as a potential sign
Investors in the cryptocurrency market are constantly bombarded with news, trends, and community discussions that shape their investment decisions. One significant narrative that has been dominating the market is the influence of crypto whales – large holders of bitcoin and other major cryptocurrencies. These whales have the power to move the market significantly, causing both
Recently, the Future Forward USA PAC, a supporter of Vice President Kamala Harris’ presidential campaign, made waves by announcing that they would start accepting crypto donations through Coinbase Commerce. This move sparked interest and raised questions about the increasing role of digital currencies in political funding. During the Citigroup’s 2024 Global TMT Conference in New
Bitcoin’s price slipped to below $56,000, triggering concerns among investors about its future trajectory. According to Arthur Hayes, co-founder of BitMEX, the largest cryptocurrency could decline even further to $50,000 in a worst-case scenario. Hayes’ bearish outlook extends to altcoins as well, with the potential for steeper losses looming on the horizon. The broader macroeconomic
The recent charges levied by the U.S. Securities and Exchange Commission against Galois Capital, a crypto-focused advisory firm that custodied client assets at FTX, have highlighted significant shortcomings in the firm’s practices. In response to the SEC’s findings, Galois has agreed to pay a civil penalty of $225,000, which will be distributed to investors who
