Crypto news

The commission now has access to all of the exchange’s records, which could serve as a catalyst for uncovering additional instances of mishandled funds or suspected fraudulent activities. The recent news of Binance’s former CEO pleading guilty to money laundering charges has undoubtedly made headlines, adding to the circumstances that led to his decision to resign as CEO. A settlement was reached to resolve this matter, resulting in a $50 million fine imposed on CZ (the former CEO) and a...

Do Kwon faces multiple fraud-related and civil allegations from US federal prosecutors. Eight months after his arrest, a court in Montenegro has finally ordered the extradition of Terra founder Do Kwon. Kwon was arrested in Podgorica, the capital city of Montenegro in March, after he was caught trying to flee to Dubai via private jet, and with falsified documents. At the time, Kwon had a fake Costa Rican passport on him. Although a final decision is yet to be made on his final destination,...

Jim Cramer gave a sell call on Bitcoin last December when it was trading at $17,500. Cramer admits that he was wrong on his predictions as the BTC price surged 100% since then. Market commentator Jim Cramer has implicitly acknowledged his earlier misjudgment regarding Bitcoin, stating that he was premature in advising investors to sell the cryptocurrency. On a November 22 segment of his CNBC Mad Money show, Cramer addressed a caller’s inquiry about purchasing shares in the Bitcoin miner...

Popular trader Bitcoin Jack expressed doubt about BTC hitting $42,000, pointing out that the Binance and ETF news failed to significantly alter market dynamics Bitcoin (BTC), the world’s largest digital asset currently trading at $37,704 has experienced significant volatility since its inception. As we look ahead to 2024, investors, enthusiasts, and analysts are beginning to unveil their predictions for the future price of Bitcoin. Binance Woes and BTC ETF Optimism on Bitcoin’s Price The...

Ethereum (ETH) price is currently retesting a crucial support/resistance zone around $2,130 with the bulls rejuvenated for a robust bullish breakout. The second largest digital asset by market capitalization Ethereum (ETH) has attracted notable attention amid the ongoing Web3 mainstream adoption fueled by institutional investors. The recent Ethereum spot exchange-traded fund (ETH) filed by the well-funded BlackRock Inc (NYSE: BLK), has sparked high interest for the undisputed smart...

Bitcoin cash is attempting a recovery wave from the $213 zone against the US Dollar. The price is now trading below the $230 zone and the 55 simple moving average (4 hours). There is a key declining channel forming with resistance near $229 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $229 and $230 to start a steady upward movement in the near term. Bitcoin cash price is rising from $213 against the US Dollar, like...

In his latest remarks, Kraken co-founder Jesse Powell spoke about the current state of the cryptocurrency industry amidst a backdrop of significant regulatory actions. Powell’s comments came shortly after a settlement between Binance and the U.S. Department of Justice, resulting in a $4.3 billion fine for Binance. Jesse Powell Critiques Regulatory Landscape In a recent post on X, Powell expressed his thoughts on the $4.3 billion fine settlement between Binance and the U.S....

An unknown Bitcoin (BTC) user paid an 83.6 BTC ($3,136,058) transaction fee while moving his coins on Thursday, marking the largest transaction fee the network has ever recorded in dollar terms. The total size of the transaction was 139 BTC ($5,198,720.84), meaning less than half of the transfer (55.7 BTC) actually reached the recipient. Another Costly Transaction Mistake The costly transaction was sent from wallet address bc1qn3d…wekrnl to address bc1qyf…km36t4 on November...

Austria’s Raiffeisen Bank International announced its plan to offer cryptocurrency trading services to its retail customers. This pioneering step will commence by the end of January 2024, marking a new era in the bank’s 97-year history. Raiffeisen Bank to Launch User-Friendly Crypto Trading Services Austria’s Raiffeisen Bank, headquartered in Vienna, has announced its plan to offer crypto trading services to its retail customers throughout the European Union and Eastern...

The prospect of a regulated spot Bitcoin ETF has roused cryptocurrency investors into a frenzied bull run. They expect an ETF product to on-ramp millions of investors in structured broker-dealer accounts. Since March, Bitcoin (BTC) has traded in a range bound by support at $25,000 and resistance at the $30,000 level. As spot ETF rumors spread in October, the price surged from below $27,000 to above $37,000 by Nov 10. Meanwhile, investors added $366 billion to the overall...