Recent analyses from crypto experts are shedding light on the current bearish sentiment permeating the Bitcoin trading landscape. Notably, crypto analyst Ali Martinez has brought attention to the concerning trend among Binance’s top traders, revealing that over half (51.41%) are shorting Bitcoin. This bearish outlook suggests a collective expectation of declining prices for the leading
The world of cryptocurrency is often plagued by skepticism, rumors, and intense scrutiny, particularly surrounding the actions of major exchanges and asset managers. A recent wave of allegations regarding Coinbase, one of the largest cryptocurrency exchanges, has ignited a discussion about trust within the industry and the impact of institutional players on Bitcoin’s value. Eric
In a significant development in the cryptocurrency sector, eToro, a prominent trading platform, has announced a substantial halt in its digital asset trading operations following a settlement with the U.S. Securities and Exchange Commission (SEC). This decision stems from an investigation that uncovered eToro’s facilitation of trading crypto assets deemed as securities by U.S. law
The case of Ryan Salame, a former executive at the now-defunct cryptocurrency exchange FTX, has taken a turbulent turn that raises unsettling questions about the integrity of the legal process. Salame’s recent admission of providing false testimony has not only jeopardized his prior guilty plea but also uncovered a murky landscape of potential consequences for
The current state of Bitcoin’s market position may seem bleak, as it struggles to break above key resistance levels. However, a recent analysis by cryptocurrency analyst Kaleo suggests that Bitcoin is actually in a healthy position. This analysis compared Bitcoin’s performance since the recent halving cycle to its performance after the previous halving in 2020.
The Commodity Futures Trading Commission (CFTC) has recently taken action to address the growing prevalence of crypto scams referred to as “pig butchering.” These scams have resulted in significant financial losses for victims, highlighting the need for increased awareness and education in the cryptocurrency space. The CFTC has partnered with various federal and private organizations
The cryptocurrency market is currently experiencing a period of recovery, with Ethereum (ETH) making significant gains in the past 24 hours. After a steep decline last Friday, with ETH’s price dropping to $2,154, the digital asset is now steadily approaching the $2,400 mark. This upward trend has sparked optimism among investors, who are closely monitoring
The Law Commission of the United Kingdom (UK) Parliament has recently introduced the Property (Digital Assets, etc.) Bill in an effort to legally recognize digital holdings. This proposed legislation aims to categorize crypto, non-fungible tokens (NFTs), and carbon credits as personal property under British law. This significant development marks a historic moment in British legal
Recently, Jameson Lopp, co-founder of CasaHODL, raised a red flag about a new phishing scam that is specifically targeting users of the popular cryptocurrency exchange, Gemini. The scheme involves a fake data breach notice that tricks users into transferring their funds to malicious actors under false pretenses. Lopp’s warning sheds light on the deceptive tactics
Zurich Cantonal Bank, one of the leading Swiss financial institutions, recently made waves in the crypto world by launching Bitcoin (BTC) and Ethereum (ETH) trading services on September 4, 2024. This move signifies a significant step towards integrating digital assets into traditional banking services. With total assets under management amounting to $235 billion, Zurich Cantonal
