Cardano (ADA) is currently trading just below a critical resistance level at $0.33 after a period of uncertainty in the market. Despite the overall downturn, there are some indicators showing growing optimism among investors, with a portion of the market accumulating ADA at these levels. This accumulation suggests that investors may anticipate a reversal soon.
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
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
John is a dedicated writer and enthusiast in the dynamic world of cryptocurrency. Despite not initially choosing the digital asset industry, he has become fully engrossed in it for over two years. John takes great pride in producing original pieces that demystify the complexities of blockchain technology and provide insights into the latest trends in
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
Ethereum (ETH) is currently facing significant selling pressure and fear after a 23% decline, bringing its price down to yearly lows at $2,200. One major concern for investors is the ongoing underperformance of ETH compared to Bitcoin, a trend that has persisted since September 2022. Since then, Ethereum has fallen 44% against Bitcoin. This dramatic
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
The recent crash in the Bitcoin and crypto market has sent prices plummeting across the board, leading to a rapid decline in sentiment among investors. This has caused the Fear & Greed Index to drop into the Extreme Fear territory, indicating that investors are hesitant to invest in the market. However, this shift in sentiment
Trading in the financial markets can be daunting for many individuals, as it requires constant attention, quick decision-making, and the ability to handle stressful situations. However, with the emergence of trading bots, the process has become much more efficient and less time-consuming. These automated tools utilize algorithms to analyze market data and execute trades automatically,
Recent developments in the crypto market have shown that Ethereum has entered oversold territory. This is seen as a bullish sign for the second-largest cryptocurrency by market cap, with analysts predicting a potential price rally that could see Ethereum reaching as high as $6,000. Crypto analyst Titan of Crypto recently suggested on social media that
