FTX and its sister firm Alameda faced the largest crypto-related enforcement by US regulators, with a staggering $12.7 billion in combined settlement charges. According to CoinGecko’s findings, this amount tops the list of penalties imposed on cryptocurrency companies, highlighting the regulatory focus on the now-bankrupt exchange. Meanwhile, Binance’s $4 billion settlement is notable as the […]
Crypto markets have remained tightly range-bound over the weekend, with volatility declining, but that may be about to change. Retail sales and manufacturing reports are released this week. These are often used as indicators of economic conditions and potential changes in inflationary trends. “We now have the Fed, election, geopolitical tensions, and earnings in the spotlight,” commented […]
After the downfall of FTX, the Caribbean’s cryptocurrency landscape entered a phase of doubt and decreased engagement, leading to a loss of trust in crypto platforms. However, starting in late 2023, there has been a notable revival in such activities across the region. Prominent blockchain analysis company Chainalysis said that users in the region increasingly […]
The leading stablecoin issuing company, Tether, is celebrating its tenth anniversary and a decade of innovation that has contributed to the advancement and development of the digital asset landscape. According to a press release by Tether, the crypto firm will commemorate the anniversary by releasing a documentary titled “Stability and Freedom in Chaos.” The documentary […]
The United Nations Office on Drugs and Crime (UNODC) expressed deep concern about crypto’s role in facilitating illicit activities across Southeast Asia. It notes that the existing underground banking infrastructure, including underregulated casinos, junkets, and illegal online gambling platforms, has increasingly adopted crypto as a tool for crime. UNODC Raises Alarm Over Crypto In its […]
Russia has sentenced Marat Tambiyev, a former mid-ranking investigator, to 16 years in jail after he was caught accepting a bribe of 1,032 bitcoins, which is currently worth around $65 million, from hackers he was investigating. The bribe originated from members of the Infraud Organization hacking group, which Tambiyev was tasked with probing while working […]
This week, bitcoin (BTC) touched a price height of $64,000 before retracing its steps to a current price mark below $62,000. This price downtrend begs the question – will the leading crypto asset unlock new heights in the near term? A CryptoQuant analyst has shared research showing what could enable the leading crypto asset to […]
An 86-year-old former attorney, David Kagel, has been sentenced to five years of probation for organizing a multimillion-dollar cryptocurrency Ponzi scheme that defrauded investors out of nearly $15 million. The judgment, filed on October 8 in a Las Vegas federal court, also requires him to pay $14 million in restitution to his victims. $15M Crypto […]
Ripple recently faced significant selling pressure after being rejected at the critical $0.65 resistance level. This resulted in a 23% price drop, breaking below the 100—and 200-day moving averages. This price action hints at a potential downtrend continuation toward the $0.5 mark. XRP Analysis By Shayan The Daily Chart Ripple recently encountered intense selling pressure […]
[PRESS RELEASE – Dubai, United Arab Emirates, October 11th, 2024] The innovative forex robot FXGenix was developed for the MetaTrader 4 (MT4) platform and released by the Dubai-based fintech firm Avenix Fzco. Through the use of a complex blend of technical indicators, price action analysis, and candlestick patterns, this high-tech forex robot seeks to infuse […]