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SEC Chair Gary Gensler Gets Community Noted on X for Warning Against Crypto
22.12.2023
SEC Chair Gary Gensler. Source: screenshot of a YouTube video / Yahoo Finance US SEC chair Gary Gensler earlier posted a video message on X warning crypto firms against non-compliance and calling the space “wild west.” Elon Musk-owned X, formerly Twitter, was quick to add community notes...
Hong Kong Authorities Block Two Crypto Websites Suspected of Fraud
20.12.2023
Source: Pixabay The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning regarding two crypto firms suspected of engaging in fraud. The watchdog has cautioned the public to be wary of “LonShiX” and “Bitbank (Global) Financial Holding Group,” both...
South Korean Supreme Court Jails $153m Crypto Fraudster for 10 Years
20.12.2023
Source: alswart/Adobe South Korea’s Supreme Court has jailed a crypto fraudster who amassed $153 million for 10 years, upholding a sentence handed out in February. The man, surnamed Ko, was the CEO of a crypto firm that called itself QRC Bank. He was convicted of defrauding some 5,400 crypto...
Nigerian Crypto Exchange Describes Deposit Suspension as ‘Industry-Standard Precautionary Measure’
19.12.2023
The Nigerian cryptocurrency exchange platform Bitmama recently said it has temporarily suspended deposits due to “ongoing third-party maintenance.” Bitmama said that while earlier media reports about its suspension of deposits are correct, they nevertheless “lack context,”...
Biggest Crypto Gainers Today on Uniswap – METIS, INJ, OX
18.12.2023
Uniswap logo Blue-chip cryptocurrencies continue to pull lower from multi-month/year highs hit earlier in the month amid profit-taking ahead of what is expected to be a somewhat calmer and lower volume run in to the end of the year, as major market participants take time off for the Christmas...
Arrest Warrant Issued for Self-Proclaimed ‘Crypto King’ Accomplice in $14 Million Scam
15.12.2023
Source: Pixabay A judge in Ontario, Canada has issued a warrant for the arrest of Ryan Rumble, an accomplice of Canada’s self-proclaimed “crypto-king” Aiden Pleterski, for aiding the con artist in his years-long eight-figure crypto investment scam. A class action lawsuit launched earlier this year...
Bitcoin Bounces Back Above $43,000 After Strong US Retail Sales Data Prompts Brief Price Dip – Here’s Why BTC Could Soon Hit Fresh Yearly Highs
14.12.2023
Stronger-than-expected US November Retail Sales data released earlier on Thursday triggered a sudden near-$1,500 drop in the Bitcoin (BTC) price from just under $43,000 to around $41,500. Seemingly, the data, which showed an unexpected MoM leap in headline and core retail sales last month...
Bitcoin Price Prediction as BTC Falls 7% in 7 Days – Time to Buy the Dip?
13.12.2023
Bitcoin, the pioneering and most prominent cryptocurrency, has recently faced a downward trend, slipping below $42,000 earlier this week. This decline, accentuated by the release of the latest US Consumer Price Index (CPI) numbers, raises questions about the asset’s short-term trajectory....
Bitcoin Price Pumps As Dovish Fed Signals Three Rate Cuts in 2024 – Where Next for BTC?
13.12.2023
Source: Adobe The Bitcoin (BTC) price is pumping on Wednesday amid a dovish reaction across traditional asset markets to the US Federal Reserve’s latest policy announcement. BTC was last up 3.2% on the day and trading in the upper $42,000s, with bulls eyeing a near-term retest of yearly highs...
India to Consider Country-Specific Characteristics and Risks in Regulating Crypto: Finance Ministry
13.12.2023
Source: Pexels India’s Finance Ministry will consider country-specific characteristics and risks before implementing any measures related to crypto assets. Minister of State for Finance Pankaj Chaudhary, during a session in the Rajya Sabha, highlighted the significance of the New Delhi...
Over 1,000 Bitcoins from Satoshi Era Mined in 2010 Moved to Trading Desks
7.12.2023
Source: Pixabay / Michael Wuensch Nearly 1000 Bitcoin (BTC) worth over $43 million were moved earlier this week after more than 13 years of dormancy, on-chain analysis shows. In a report shared on Wednesday, blockchain analytics platform CryptoQuant noted that a Bitcoin address received 999 BTC...
Best Crypto to Buy Now December 7 – BitTorrent, Helium, Beam
7.12.2023
BTT, HNT, BEAM, BTCMTX, and TG stand out as the best crypto to buy now in December 7. Image by cryptonews.com. Major cryptocurrencies are consolidating following a Bitcoin (BTC)-led pump that saw Bitcoin hit fresh annual highs above $44,000 earlier in the week. Crypto markets have been pumping...
New Coin Listing EAGLE Explodes 2,000% on UniSwap as New Bitcoin ETF Project Launch Approaches
6.12.2023
New coin listing EAGLE has surged by over 2,000% after appearing on Uniswap yesterday, with the meme token reaching a record high of $0.0012 earlier today. However, the coin has already begun dumping fast, sinking to $0.00005215 as of writing. This would suggest that EAGLE could be yet another...
Here’s Why Gamers Are Splurging on Square Enix’s Quirky NFT Characters
5.12.2023
Source: symbiogenesisPR / Twitter The Japanese gaming giant Square Enix has sold all character non-fungible tokens (NFTs) in the first auction for its upcoming game Symbiogenesis. Square Enix is the publisher of titles such as Final Fantasy, Kingdom Hearts, and Dragon Quest. The company’s...
Shiba Inu Price Prediction as Shibarium Daily Transactions Hit Record Highs – Is SHIB Set for a Major Rally?
5.12.2023
The Shiba Inu price has dropped by 3% in the past 24 hours, slipping to $0.00000895 on a day when the market has pared back some of its gains from earlier in the week. Yet this loss comes at a time when transactions on Shibarium have reached a record high, topping 32 million only a […]
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Bitcoin Price Breaks Through $42,000, Up 6.6% in 24 Hours
4.12.2023
Source: Pexels Bitcoin price briefly broke through the $42,000 mark earlier today, gaining 6.6% in the last 24 hours. This surge marks a recovery to levels last witnessed before the Terra crash in May 2022. Liquidations in the crypto market have concurrently spiked, with over $160 million...
This Supreme Court Case and IRS Broker Rule Together Could Redefine Crypto Taxation
4.12.2023
Source: DALL·E A critical Supreme Court case and its ruling could redefine the taxation of digital assets. Intersecting with the vexed IRS broker rule announced earlier, this case may potentially reshape crypto tax reporting and compliance on a fundamental level. The case in question, Moore...
Bitcoin ETF Decision Dates Approach: What to Expect in January
2.12.2023
Image by Parradee, Adobe Stock The Securities and Exchange Commission (SEC)’s move to start a public comment period for spot Bitcoin (BTC) ETF applications earlier than expected has stirred up optimism around the launch of these products. On November 28, the SEC published filings instituting...
Biggest Crypto Gainers Today on Uniswap – MBX, MORRA, AGRS
1.12.2023
Uniswap logo Bitcoin (BTC) is backing off after hitting fresh highs for the year in the $38,800s earlier in the session, but at current levels in the $38,300s, is still up close to 2% in the past 24 hours. Other major cryptocurrencies like Ether (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA) were...
SpaceX’s Doge-1 Lunar Mission Receives Final Approval from US FCC, DOGE Price Up 4%
1.12.2023
The CEO of Geometric Energy Corporation, Samuel Reid, confirmed on X that SpaceX’s “Doge-1” lunar mission has received license from the U.S. Federal Communications Commission (FCC). As reported earlier, the mission had gained approval from the U.S. National Telecommunications...