The recent indictment by the US Department of Justice (DoJ) of Bill Guan, the chief financial officer of Epoch Times, has sent shockwaves through the media industry. Guan stands accused of participating in a sophisticated money laundering scheme that involved funneling over $67 million of illicit funds through cryptocurrency. This indictment serves as a stark
The recent drop in Bitcoin price has left many investors scratching their heads, especially considering the positive news surrounding US-based ETFs. These exchange-traded funds have been a major game-changer in the cryptocurrency industry, allowing retail investors and institutions easy access to Bitcoin’s performance without the hassle of storing keys or passwords. The immediate effects were
XRP, the cryptocurrency associated with Ripple, has been hovering around the $0.52 mark in recent times. Despite this stagnation, analysts are optimistic about a potential rise to $0.70 in the upcoming summer months. DustyBC Crypto and Blockchainedbb are among those who believe that XRP is on the brink of breaking out of its consolidation phase,
The on-chain investigator ZachXBT recently brought to light a case of fraudulent activity involving an early investor in the Solana-based meme coin known as ANDY. The exploiter managed to drain a staggering $2 million worth of meme coins in several transactions, causing a significant plunge in the price of ANDY. The Consequences In the aftermath
The Bitcoin price has been a topic of much discussion recently, especially after hitting the $71,000 level and entering a period of indecisiveness. Analysts and investors are eagerly awaiting the next big move, with predictions ranging from bullish to bearish. One such analyst, Alan Santana, has taken a deep dive into the Bitcoin chart to
FTX, a bankrupt cryptocurrency exchange, recently proposed a reorganization plan that has faced objections from creditors. These creditors, including Ahmed Abd El-Razek, Pat Rabbitte, Noia Capital, and activist Sunil Kavuri, argue that the plan does not meet the requirements of the Bankruptcy Code. According to Kavuri, the plan overlooks property rights issues, fails to pass
Semler Scientific, a medical technology company based in California, has recently made headlines by purchasing an additional 247 BTC for $17 million. This new investment brings their total Bitcoin holdings to 828 bitcoins, which were acquired for a total of $57 million. The company has also announced plans to raise $150 million to further increase
The recent observations made by Philip Swift, the founder of LookIntoBitcoin, regarding the increase in global liquidity have sparked discussions about the potential impact on Bitcoin’s price in the current bull run. Swift emphasized the importance of global liquidity as a key indicator for Bitcoin’s performance, pointing out that it had reached a new all-time
McDonald’s Singapore has taken a bold step into the world of metaverse with the introduction of “My Happy Place,” a digital environment created in partnership with Bandwagon Labs. This innovative platform, accessible through the McDonald’s app, offers users a mix of virtual and real-world experiences, with exclusive benefits for owners of the 2023 Grimace NFTs.
The recent surge in Bitcoin’s price to $70,000 has sparked optimism among investors, especially long-term holders who have seen their investments turn profitable. The positive price outlook is evident in the resurgence of the Coinbase premium, a key indicator of market sentiment among US-based investors. The Coinbase Premium Index (CPI) recently turned positive after being
