Solana (SOL) has demonstrated impressive strength in recent trading sessions, breaking above the key resistance at $35 against the US Dollar. With its price now trading above $35 and the 100 simple moving average (4 hours), SOL is showing promising signs of a potential fresh rally towards the $38 level. This surge comes as Solana
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Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently caught the attention of crypto enthusiasts due to its price action. The asset’s price trajectory has been discussed by Pentoshi, a notable crypto analyst, who suggests the possibility of an uptick in value if current conditions persist. In this article, we will delve into Pentoshi’s
South Korea’s dedicated unit for investigating cryptocurrency crimes is facing tremendous challenges just over a year after its launch. Operating as a part of the Seoul Southern District Prosecutors’ Office and formerly known as the Financial and Securities Crime Coalition Team, this unit, humorously referred to as the Yeoido Grim Reaper, was initially responsible for
The U.K. Treasury has recently unveiled its regulatory strategy for the crypto industry. The new approach will be implemented in multiple phases, with the first phase focusing on fiat-backed stablecoins. This article will delve into the details of the U.K.’s regulatory plan and analyze its potential impact on the crypto market. The initial phase of
In recent weeks, the cryptocurrency world has been captivated by a remarkable event – the sudden explosion of a little-known token called AICGFI. This enigmatic meme coin has experienced an astonishing 10x surge in its market value, fueled by promises of decentralized artificial intelligence. While numerous moon-shot tokens have gained attention in the decentralized exchange
Recent developments in Russia have highlighted the potential consequences of making cryptocurrency donations to foreign entities. Alexander Vechirko, a Russian citizen, has been charged with high treason for allegedly donating crypto to Ukraine’s military. This incident sheds light on the increasing scrutiny surrounding cryptocurrency transactions and raises concerns about the privacy and security of these
In recent times, the native token of the Terra 2.0 blockchain, LUNA, has experienced a notable surge, following Bitcoin’s remarkable rally towards the $35,000 threshold. Over the past week, data from CoinMarketCap reveals that LUNA’s price has soared by 13.96%, providing a much-welcomed relief for investors who have withstood the token’s bearish performance in the
Taiwan has recognized the need to regulate its growing virtual asset market and has taken a significant step towards achieving this goal. The introduction of the “Virtual Asset Management Regulations Draft” is designed to establish a comprehensive regulatory framework for the country’s crypto industry. With the exponential growth of virtual assets in Taiwan, it is
In the ongoing trial of Sam Bankman-Fried, the founder of the now-defunct crypto exchange FTX, his testimony provoked mixed reactions. Bankman-Fried’s insistence that his unkempt hair and casual dressing were a result of being “too busy and lazy” rather than a calculated image strategy raised eyebrows. While it is plausible that a busy entrepreneur may
In recent weeks, Bitcoin has experienced an impressive surge in its price, reaching a new yearly high of $35,000. This marks a 30% increase and the price now stands 10% above its previous peak in 2021. However, while Bitcoin continues to flourish, the broader cryptocurrency market, specifically the Altcoin market, has failed to keep up
