Category: Crypto
Analyzing Bitcoin Price Weakness and Potential Value
Bitcoin (BTC) recently experienced a significant price weakness over the weekend, triggered by the release of August nonfarm payrolls (NFP) data. The NFP data fell below analysts’ expectations, causing BTC to plummet by almost 5% and trade below the $54,000 range. This marked its lowest level since early August. Additionally, the broader crypto market also…
The Sophistication of North Korean Hackers in Cyber Attacks Against the Crypto Industry
The United States Federal Bureau of Investigation recently released a report alerting the public to the “aggressive” attacks being carried out by North Korean hackers against the cryptocurrency industry. These attacks primarily involve the use of sophisticated social engineering tactics that are designed to deceive even those individuals within the crypto industry who are knowledgeable…
The Decline of Ethereum Relative to Bitcoin: Analyzing the Underperformance
When Ethereum transitioned from a Proof-of-Work to a Proof-of-Stake consensus mechanism in 2022, it was expected to usher in a new era of performance and value. However, two years after the Merge, Ethereum has faced significant challenges in maintaining its position relative to Bitcoin. One of the major reasons behind Ethereum’s underperformance is the inflationary…
What Will It Take for Bitcoin Price to Rebound Again?
Bitcoin’s market price has recently fallen to its lowest point since the early August massacre, dipping below $50,000 for the first time since the approval of spot Bitcoin ETFs in the US. The cryptocurrency had previously rebounded from similar crashes, reaching $65,000 weeks later, but the recent trend shows bears regaining control, with the asset…
A New Era in Seizing Cryptocurrency: The Impact of Recent Legal Cases
In a significant legal development in Scotland, £110,000 has been confiscated from John Ross Rennie, a 29-year-old individual involved in a violent robbery. This milestone case represents the first instance where the proceeds of crime legislation have been utilized to seize cryptocurrency as physical cash. The verdict was delivered at the High Court in Edinburgh,…
The U.S. Federal Reserve Issues Cease-and-Desist Order Against United Texas Bank for AML Violations
The U.S. Federal Reserve has recently issued a cease-and-desist order against United Texas Bank (UTB) due to significant deficiencies in its governance. The central bank specifically highlighted UTB’s failure to adhere to anti-money laundering (AML) laws and its poor risk management related to virtual currency customers and foreign correspondent banking. Following an examination conducted in…
The Rise of Whales in the Crypto Market
As the crypto market continues to experience fluctuations and uncertainty, it is interesting to note that large investors, known as whales, are actively participating in various projects. A recent analysis conducted by data intelligence firm Santiment has revealed the top ten crypto projects that have witnessed a substantial increase in whale activity. SuperRare: Leading the…
The Fall of Toncoin (TON): What Lies Ahead?
Toncoin (TON) investors have been hit hard recently as the cryptocurrency saw a significant drop from its peak in June. With the price plummeting by 40%, nearly 80% of investors are currently facing losses. This downward trend is concerning for those who had high hopes for the asset earlier in the year. Connection to Telegram…
The Impact of US Jobs Report on Bitcoin’s Price
The recently released US jobs report fell short of expectations, with only 142,000 new jobs added in August instead of the anticipated 160,000 or more. This disappointing result has raised questions about the state of the economy and what steps the US Federal Reserve may take in response. Bitcoin’s Reaction Interestingly, Bitcoin’s price reacted positively…
The Impact of Bitcoin UTXOs on Market Trends
The percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has recently plummeted to its lowest level in October 2023. This significant decline in the UTXOs metric has coincided with the current downward trend in Bitcoin’s price and the broader crypto market. According to a report by CryptoQuant analyst EgyHash, this could potentially signal the…
The Ever-Changing Landscape of the Crypto Market: An Analysis
One of the predominant narratives shaping the crypto market this year revolves around the actions of large holders, also known as whales. These whales have a significant impact on market prices, causing both fear and excitement among investors. The community has expressed concerns about potential market manipulation by whales during price downturns, yet they are…
The Impact of Ripple’s UBRI Program on Yonsei University
Ripple recently announced a new partnership with Yonsei University in South Korea as part of its University Blockchain Research Initiative (UBRI) program. This collaboration marks the university as the 58th partner to join the initiative, with 12 of them situated in the Asia Pacific region. Yonsei University’s involvement in the program will focus on driving…
The Consequences of Mismanaging Client Assets in the Crypto Industry
In recent news, the U.S. Securities and Exchange Commission has imposed additional charges against Galois Capital, a crypto-focused advisory firm that held client assets at FTX. As a result of its actions, Galois has agreed to pay a civil penalty of $225,000, which will be distributed to investors who suffered harm as a result of…
Critical Analysis of Bitcoin Price Predictions by Arthur Hayes
Bitcoin recently saw a drop below $56,000, signaling a continuation of its downtrend. Arthur Hayes, co-founder and former CEO of BitMEX, predicts a worst-case scenario where Bitcoin could fall to $50,000. This bearish outlook is also extended to altcoins, which may experience even steeper losses according to Hayes. Hayes bases his predictions on the broader…
