In a landmark case in Scotland, £110,000 (worth approximately $144,384) has been seized from 29-year-old John Ross Rennie. This marks the first time that proceeds of crime legislation have been used to confiscate cryptocurrency as physical cash. This case was settled at the High Court in Edinburgh. Violent Robbery Rennie of Cambuslang was convicted of […]
The U.S. Federal Reserve has issued a cease-and-desist order against United Texas Bank (UTB), one of the few remaining American financial institutions still catering to crypto companies. The central bank cited “significant deficiencies” in its governance, particularly in its adherence to anti-money laundering (AML) laws and risk management tied to virtual currency customers and foreign […]
The non-fungible token (NFT) market has witnessed explosive growth, followed by significant downturns over the past few years. Despite the initial hype and heavy investment, it is now grappling with severe instability. According to a report from nftevening.com, a staggering 96% of NFTs are considered “dead” based on three factors – zero trading volume, minimal […]
Ethereum has been notably bearish, marked by a sharp decline following a pullback to the lower boundary of a broken wedge, coupled with the formation of a death cross. Despite this, the price is nearing a crucial support level that could lead to a short-term sideways consolidation. Technical Analysis By Shayan The Daily Chart Ethereum […]
That is if Ethereum can weather three big price hurdles ahead of it in September, The Dencun upgrade’s introduction of low-cost blobs for Layer-2 blockchains to quickly scale the network to peers has unleashed a torrent of activity on Ethereum’s decentralized smart contract network. Since then, gas fees in ETH on the base layer of […]
Bitcoin’s nosedives continued in the past 24 hours as the asset slumped from an intraday high of $57,000 to under $53,000 within hours. The altcoins are also in the red, and the total crypto market cap has dumped to $2 trillion for the first time in over a month. BTC’s Troubles Keep Coming The primary […]
Ethereum co-founder Vitalik Buterin has pledged to donate all Layer 2 (L2) tokens he holds to support public goods within the Ethereum ecosystem or broader charitable causes. This announcement comes a few days after accusations that he had sold millions in Ether (ETH) for personal gain. Vitalik Buterin Denies Profit Motive Buterin was quick to […]
María Corina Machado, a leading figure in Venezuela’s opposition, has proposed a plan to adopt Bitcoin (BTC) as a national reserve asset. In an interview with Alex Gladstein from the Human Rights Foundation on Thursday, she called the cryptocurrency a “lifeline” and a “vital means of resistance” against the country’s economic collapse. Bitcoin as a […]
Bitcoin’s price collapsed on Friday below $53,000, reaching its lowest level since the “Black Monday” following macroeconomic shakeups in early August. The collapse appears to have fully corroborated the prediction of BitMEX co-founder Arthur Hayes, who believes there could still be more pain to come for crypto holders. Bitcoin traded for $56,925 at 1:25 PM […]
TL;DR Toncoin (TON) saw a sharp drop from its June high, currently trading 40% lower amid negative news, leaving nearly 80% of its investors at a loss. On-chain metrics suggest that the asset’s price may tumble even more in the near future. TON Investors Take a Blow Toncoin (TON) experienced a real bull run at […]