Bitcoin’s recent price movements have once again highlighted the intense volatility that is inherent in the cryptocurrency market. Despite briefly reclaiming the $56,000 price level, Bitcoin experienced a sudden drop below $54,000 on July 5, leading to a 7% and 20.25% decline in the past seven and thirty days, respectively. While some traders and analysts
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Olubukola Akinwumi, the deputy director of the Central Bank of Nigeria (CBN), recently accused Binance, a popular cryptocurrency exchange, of conducting transactions that are reserved for authorized banks and financial institutions. Akinwumi’s accusations came to light during his testimony in a lawsuit brought by the Economic and Financial Crimes Commission (EFCC) against Binance and its
The former Solicitor General Donald B. Verrilli, who served during the Obama administration and now works as Grayscale Investments’ senior legal strategist, recently accused US regulators of deliberately stifling the crypto industry through debanking practices. In a joint amicus brief filed with Paul Clement, the former Solicitor General under President George W. Bush, Verrilli highlighted
Taiwan Mobile, the second-largest telecom operator in Taiwan, has taken a bold step by applying for a license to operate as a Virtual Asset Service Provider (VASP). Being listed as the 26th VASP by the Financial Supervisory Commission, Taiwan Mobile has solidified its position in the growing crypto market. With Lin Zhichen leading the company
The European Banking Authority (EBA) recently announced an update to its Travel Rule guidelines that will now include crypto service providers and intermediaries. This update is set to take effect on Dec. 30, 2024, requiring crypto exchanges in the European Union to adhere to the new guidelines outlined in the EU-2023/1113 regulation. The rule mandates
The recent movements of a dormant Bitcoin wallet, transferring over $6.8 million worth of Bitcoin after being inactive for 12 years, have raised concerns within the crypto community. The transfer of 76 BTC ($4.46 million) followed by 43 BTC ($2.46 million) to an unknown address suggests that the whale behind this wallet may be looking
BNB has recently experienced a significant decline, falling below the critical $500 support mark. This downward movement reflects an increase in selling pressure and growing bearish sentiment within the cryptocurrency market. Analysts and traders are now closely monitoring BNB’s price for further indications of a continued bearish trend. At the time of writing, BNB’s price
Aayush Jindal, a notable figure in the financial markets, has spent more than 15 years honing his skills in Forex and cryptocurrency trading. Known for his proficiency in technical analysis, Aayush has become a trusted advisor to investors worldwide, guiding them through the complexities of modern finance with his insightful interpretations of market trends. Early
The recent plummet in Bitcoin price has been largely attributed to the impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox. This has caused significant market anxiety as it represents 0.68% of the total Bitcoin supply. Large transfers of 52,633 BTC have already been recorded, indicating preparations for a massive disbursement. The
A crypto analyst recently took to social media to share insights on the potential future of XRP, the native token of the XRP Ledger. The analyst, Tylie Eric, expressed optimism about XRP’s chances for a major rally in the near future. By analyzing price charts and utilizing tools like the Elliott Wave Theory, Eric believes
