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
Opeyemi, a skilled writer, has developed a deep interest in the world of cryptocurrencies. Despite not initially choosing the digital asset industry as his primary focus, he has become captivated by its complexities over the last two years. Opeyemi takes pride in creating unique and informative pieces that explore blockchain technology and the latest trends
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 recent Bitcoin and crypto market crash has seen prices plunge into the red across the board. As a result, sentiment among crypto investors has plunged rapidly and this has caused the Fear & Greed Index to plunge into the Extreme Fear territory. This suggests that investors are less likely to put money into the
Ethereum (ETH) is currently facing a challenging time in the crypto market, with significant selling pressure and fear gripping investors after a steep 23% decline. This drop has brought its price down to yearly lows at $2,200, sparking concerns among market participants about the future performance of the second-largest cryptocurrency. One major point of concern
Trading in the financial markets can be a rollercoaster ride, filled with excitement, rewards, challenges, and stress. It demands a great deal of focus and quick decision-making skills, which not everyone possesses. This is where trading bots come into play. These automated tools can help make trading easier by taking on the heavy lifting for
Recent developments in the cryptocurrency market have shown that Ethereum, the second-largest crypto by market cap, has entered oversold territory. This has sparked optimism among analysts, with some predicting a potential price rally that could propel Ethereum as high as $6,000. Crypto analyst Titan of Crypto recently suggested on social media that Ethereum is primed
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 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 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
In a significant legal development, a federal judge has denied Coinbase’s motion to dismiss a class-action lawsuit filed by shareholders. The lawsuit alleges that the popular US crypto exchange misled investors about the possibility of facing legal action from the US Securities and Exchange Commission (SEC). The plaintiffs, including Sjunde AP-Fonden, Ryan R. Firth, and
In a recent video analysis, renowned crypto analyst Dan Gambardello discussed the potential future of the Cardano (ADA) price in light of the troubling forecasts of a looming US recession. With a massive following of 369,000 on YouTube, Gambardello highlighted the general unease among ADA holders and crypto investors due to the ongoing economic discourse
The ApeCoin ecosystem has recently unveiled a comprehensive Blueprint that outlines its trajectory for future development. This Blueprint focuses on enhancing the blockchain layer that underpins the ecosystem, known as ApeChain, with a keen emphasis on catering to the needs of both developers and users within the ecosystem. The overarching goal is to elevate the
Arthur Hayes, co-founder of BitMEX, recently made a bold prediction regarding the immediate future of Bitcoin’s price. He suggested that the price of Bitcoin could potentially drop below $50k in the coming weekend. Hayes did not provide detailed reasons for his forecast, but his statement coincided with the upcoming release of significant US economic indicators.