Category: Crypto

In an exemplary demonstration of public-private collaboration, Binance, the world’s premier cryptocurrency exchange, has taken decisive action alongside Indian regulatory bodies to dismantle a fraudulent online gaming scheme. This scheme, falsely represented as a legitimate gaming platform named Fiewin, reportedly swindled users out of an astounding ₹400 crore (approximately $47.6 million). The involvement of Binance’s…

The landscape of cryptocurrency is continuously evolving, with new trends and user participation shaping market dynamics. Insights from IntoTheBlock, a leading market intelligence platform, shed light on daily active addresses across various cryptocurrencies, offering a glimpse into the engagement levels within these digital ecosystems. This analysis not only casts light on user activity but also…

The financial landscape for cryptocurrencies has experienced notable shifts recently, especially in the sphere of spot Bitcoin exchange-traded funds (ETFs). Investor enthusiasm has surged over the past trading week, leading to a staggering $1.1 billion influx across 11 U.S.-based spot Bitcoin ETF products. This surge in demand underscores a broader market trend influenced significantly by…

In recent days, Bitcoin has exhibited remarkable resilience and growth, spurred by favorable inflation data from the United States. For the first time since early August, Bitcoin surpassed the $66,500 mark before easing back slightly. This surge can be traced back to a combination of factors, including a previous positive response to the US Federal…

In the world of cryptocurrencies, few events stir excitement like a substantial price movement. Bitcoin has recently asserted its dominance, surpassing the significant $64,000 threshold, coinciding with its 200-day moving average. This upward momentum signals a potential trajectory toward a new all-time high, aiming to breach the $68,000 resistance. The implications of this breakthrough are…

In a significant move against international cybercrime, U.S. authorities have indicted two Russian nationals, Sergey Sergeevich Ivanov and Timur Shakhmametov, for allegedly running a cryptocurrency money laundering operation. This initiative highlights the United States’ growing focus on combatting cybercrime, particularly the financial mechanisms that support ransomware attacks and other illicit activities originating in Russia. The…

The intersection of politics and the burgeoning world of digital assets has become increasingly significant as more political figures begin to acknowledge the importance of blockchain technology and cryptocurrencies. One recent case that highlights the complexities of this relationship involves the digital asset lobby group Stand With Crypto, which has found itself in hot water…

Ethereum has solidified its position in the cryptocurrency ecosystem, largely due to its integration into a variety of use cases such as decentralized finance (DeFi) platforms and vibrant marketplace applications. A recent report by CoinShares underscores the critical role that both marketplaces and stablecoins play in shaping the Ethereum network. Despite its apparent dominance in…

In recent developments, the meme-inspired cryptocurrency Shiba Inu (SHIB) has caught the attention of investors and analysts alike due to its striking 35% price increase over the past week. This rapid surge has propelled Shiba Inu’s market capitalization above $11.5 billion, positioning it as the 14th largest cryptocurrency overall, while retaining its status as the…

In a significant legal development within the realm of cryptocurrency, Roman Storm, the co-founder of Tornado Cash, is slated to face trial on December 2 in New York. Storm is charged with serious offenses, including money laundering, stemming from the activities facilitated by Tornado Cash, a popular crypto mixing service. The proceedings come after U.S.…

The political landscape of New York City has been thrown into turmoil as federal prosecutors have charged Mayor Eric Adams in connection with ongoing corruption investigations. This tumult follows a series of resignations and retirements from key positions within his administration, shaking the foundation of his leadership. Adams, who gained attention in 2021 for his…

In a significant move, a Singaporean court has granted a four-month moratorium to WazirX, an Indian cryptocurrency exchange, amidst a turbulent situation that has left many stakeholders anxious. This ruling follows WazirX’s petition for temporary relief, reflecting the company’s urgent need for a structured approach to its ongoing crisis. The court has stipulated conditions that…

LINK, the cryptocurrency native to Chainlink, an innovative decentralized oracle network built on Ethereum, has recently demonstrated notable price movements, driven by a surge in on-chain activities and a growing sense of investor optimism. With the backing of blockchain intelligence platform Santiment, the analysis indicates a favorable trend in technical indicators for LINK that hints…

Bitcoin’s price movement has reached a pivotal point that could significantly influence the broader cryptocurrency landscape. With the asset having made a solid rebound from a support level of $52,000, it has recently managed to surmount both the $56,000 and $60,000 resistance levels. However, the key concern now lies around the $64,000 threshold, where the…