The cryptocurrency market failed to capitalize on the somewhat positive movements during the past couple of days and retraced during the early morning European trading session on Monday. It appears that participants are awaiting multiple economic events in the US scheduled to take place during the weekend, including the minutes of the last Fed meeting. … Read more
The US Treasury and Federal Reserve plan to redefine “money” used under the Bank Secrecy Act, aiming to include cryptocurrencies and digital assets in new reporting requirements. #mulls #applying #fiat #reporting #mandate #crypto #transfers US mulls applying fiat reporting mandate on crypto transfers
Dunamu’s consolidated sales in the first quarter of 2024 reached $400 million, showing a 60.5% increase. #South #Korean #crypto #exchange #employees #outearn #staff #major #banks South Korean crypto exchange employees out-earn staff at major banks
An Indian man allegedly kidnapped two men involved with the $2.4 billion BitConnect Ponzi scheme to recover losses. Shailesh Babulal Bhatt was an investor in BitConnect Coin, a token circulated as the platform’s native cryptocurrency, and according to a statement from the Indian Enforcement Directorate, Bhatt, along with his accomplices, kidnapped two employees of BitConnect … Read more
TL;DR SHIB’s price fell 26% in 30 days, with a 90% decrease in its burn rate, hinting at potential further declines. Shibarium also introduced a burning mechanism which differs from the original one. Another Worrying Sign The second-largest meme coin has underperformed lately, with its price falling by approximately 26% on a 30-day scale. Its … Read more
Shiba Inu (SHIB) may be gearing up for a massive spike as cryptocurrency analysts are divided on what could come next. Javon Marks, one popular social media member in the crypto-verse, has taken to X, formerly known as Twitter, with some very bullish comments that SHIB is on the brink of a major breakout. Related … Read more
Interest in the cryptocurrency market of Turkey has skyrocketed. The country’s leading exchanges have been racing for licenses to operate. Applicants rose from 47 to 76, and the impressive list includes such popular names as Coinbase, KuCoin, and Gate.io. This surge follows closely on the heels of Turkey’s recent push to offer more regulatory clarity … Read more
Toncoin’s price jumped by 7% on the morning of Aug. 19, making it the top performer in the crypto market. At the time of writing, Toncoin (TON) was still up 6%, exchanging hands at $6.92 per price data from crypto.news. The crypto asset’s daily trading volume jumped by 143%, hovering around $568 million, while its … Read more
Ethereum price started a pullback from the $2,680 resistance. ETH is now declining and remains at risk of more downsides if it fails to stay above $2,550. Ethereum started a fresh decline below the $2,650 level. The price is trading below $2,680 and the 100-hourly Simple Moving Average. There is a key bullish trend line … Read more
Australia’s securities regulator says over 8% of the scam websites it took down in 2023 were focused on crypto investments only. The Australian Securities & Investments Commission has published a report, marking the first anniversary of its investment scam disruption initiative by announcing the removal of thousands of phishing and investment scam websites. In an … Read more