A recent case in Scotland has made headlines as £110,000 in cryptocurrency, approximately $144,384, was seized from a 29-year-old man named John Ross Rennie. This marks a significant moment as it is the first time proceeds of crime legislation have been utilized to confiscate cryptocurrency as physical cash. The case was settled at the High
Crypto
United Texas Bank (UTB) has recently found itself in hot water with the U.S. Federal Reserve due to significant deficiencies in its governance, particularly related to anti-money laundering (AML) laws and risk management. Despite being one of the few remaining American financial institutions catering to crypto companies, UTB’s shortcomings in board oversight and compliance regulations
As the crypto market remains uncertain and volatile, some large investors are making moves that have caught the attention of data intelligence firm Santiment. Santiment’s analysis has revealed the top ten crypto projects that have experienced a surge in whale activity. These whales are defined as investors carrying out transactions valued at $100,000 or more.
Ethereum’s recent performance has been lackluster, with a noticeable bearish trend dominating the market. Following a pullback to the lower boundary of a broken wedge pattern, coupled with the formation of a death cross, investor sentiment has been dampened. The lack of strong inflows into spot ETH ETFs has only served to underscore this negative
Toncoin (TON) had seen a significant surge earlier in 2024, reaching an all-time high of nearly $8.20 in mid-June. However, the cryptocurrency’s momentum began to wane towards the end of August, with its current trading price at around $4.80, marking a 40% drop from its peak. This downward trend in TON’s price can be attributed
The recent release of the US jobs report on Friday fell short of expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000 or more. This data, coupled with the figures from July and June, brought the three-month average to a mere 86,000 – a stark contrast to the 202,000 new
The percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has recently reached its lowest level for the year, echoing a similar pattern last observed in October 2023. This metric plays a crucial role in analyzing investor behavior within the cryptocurrency market. In June, 99% of Bitcoin UTXOs were in profit, but this number has
The crypto market is constantly influenced by a variety of factors, including news, trends, and community discussions. One of the significant narratives that have shaped the market this year is the focus on crypto whales – large holders of bitcoin and other major cryptocurrencies. These whales have a substantial influence on crypto prices, which has
In a surprising turn of events, the Future Forward USA PAC, which is in support of Vice President Kamala Harris’ presidential campaign, has announced that it will now be accepting cryptocurrency donations through Coinbase Commerce. This development comes after initial confusion caused by comments made by Coinbase’s Chief Financial Officer, Alesia Haas, during Citigroup’s 2024
Ripple recently announced a new partnership with South Korea’s Yonsei University as part of its University Blockchain Research Initiative (UBRI) program. This collaboration marks the 58th global partnership for Ripple, with a focus on blockchain research and technology. Yonsei University will specifically focus on areas like artificial intelligence, finance, information systems, and management, highlighting the