Crypto news

Binance faces four tax evasion charges from Nigeria’s Federal Inland Revenue Service (FIRS). A court in Abuja has scheduled its verdict for October 11. Binance’s lawyer in Nigeria, Ayodele Omotilewa, argued on July 12 to have all charges dropped against Binance due to lack of sufficient grounds. They maintained the crypto exchange was not guilty in front of Judge Emeka Nwite. The same judge dropped tax evasion charges against Tigran Gambaryan and Nadeem Anjarwalla, Binance executives...

Bitcoin (BTC) is currently at a critical point that could determine whether its price will bottom out or decline further in a correction like that seen in the summer of 2021. While some metrics suggest that the leading crypto asset has reached the bottom of its latest correction, others signal that there could be more bloodshed and pain for market participants. Bitcoin at Pivotal Point CryptoQuant’s latest weekly crypto report says bitcoin’s price may take a little longer to...

According to a report by a Malaysian news outlet, MalayMail, Bitcoin and crypto mining operations were mostly responsible for the massive electricity theft in the country between 2018 and 2023. Despite the crackdown, crypto mining and general services are not illegal in the Asian country. Bitcoin Mining Using Stolen Energy Akmal Nasrullah Mohd Nasir, the Deputy Minister for the Energy Transition and Water Transformation docket in Malaysia, noted that between 2018 and 2023,...

US Spot BTC ETFs observed the largest net inflows this week on Friday, recording $310.21 million, according to SoSo Value data. It also marks the largest inflows recorded since June 5, as ETF investors began pulling out of their positions due to selling pressure induced by the German government moving tremendous amounts of bitcoin and Mt. Gox repayment anticipation. Despite bitcoin’s price dropping to prices lesser than what was seen last month, investors are returning to ETFs to buy the...

The German governmental agency Federal Criminal Police Office/Bundeskriminalamt (BKA) has moved all its bitcoin holdings, concluding numerous transactions that added selling pressure on the asset. Arkham Intelligence reveals that the BKA-labelled wallet presently holds 0 bitcoins. Arkham’s X account notified users about its final transaction, “The German Government just sent 3846.05 BTC ($223.81M) to Flow Traders and 139Po (likely institutional deposit/OTC service).” It held 50,000 bitcoins...

According to a recent survey by CoinGecko, only about half of investors are actually bullish about the current crypto market. The study, which featured 2,558 people, was conducted over the last two weeks, from June 25 to July 8. Crypto Investors Lead Bullish Outlook The CoinGecko report highlights that 49.3% of crypto participants are still optimistic about the market’s future. This is despite the crypto market’s downward trend following the post-halving rally. Among these...

Coinbase is launching a platform for Web3 users to easily view, manage, and interact with their holdings and DeFi investments, offering a seamless onboarding process and improving user experience. Beyond that, this new app will also make it convenient for users to settle payments, communicate with others involved in transactions, and connect to numerous Web3 use cases. In an announcement, Coinbase introduced the app to the ecosystem, “Today, we’re excited to introduce the new Coinbase Wallet...

A Dutch court has denied bail for Tornado Cash developer Alexey Pertsev, who was convicted of money laundering in May. This decision is a significant setback for Pertsev, who has been held in custody for the past two months without computer or internet access despite being requested in order to prepare for his defense. Pertsev Remains in Custody The Court of Appeal of ‘s-Hertogenbosch ruled that Pertsev will remain in custody as he prepares for his appeal. Despite his defense...

Meta Description: Dai (DAI) and Solana (SOL) take negative price changes as President Joe Biden’s potential replacement causes market pressure, while Clandeno (CLD) ICO gains attention. TL: DR Political uncertainties surrounding Joe Biden’s potential replacement and increased crypto supply from Mt. Gox repayments are causing market pressures on Dai (DAI) and Solana (SOL).  Dai struggles to maintain stability, depegs to $0.99 and Solana faces downward pressure.  Meanwhile,...

Ripple’s XRP managed to increase by a whopping 10% in the past 24 hours, pushing past the important $0.5 resistance and also leading the recovery of the broader altcoin sector. As CryptoPotato reported earlier, the entire industry is seeing an uptick, with Bitcoin’s price also increasing toward $59K. But why did XRP’s price suddenly shoot up? Let’s explore some of the possible reasons. Volatility Was Due to XRP’s Price Earlier in July, we reported that a historic pattern was...