Crypto
Bitcoin’s 200-Day Moving Average Hits All-Time High, Bullish Outlook
A key technical indicator traders and analysts use to predict Bitcoin’s long-term price trends has reached an all-time high, suggesting a bullish outlook for the cryptocurrency’s future. Bitcoin’s 200-day moving average, which aims to smooth out short-term price fluctuations by taking the average of the last 200 days’ closing prices, hit $50,178 on May 6th, […]
U.S. Senate Armed Services Committee Examines Crypto Funding for Adversaries
The Senate Armed Service Committee held a hearing on crypto and whether our enemies could use it to get funding or financial means for their support. Elizabeth Warren, a senator, said that we should urgently start a process of regulation of cryptocurrencies and that countries like Iran and North Korea shouldn’t use cryptocurrencies to commit […]
Coinbase Beats Profit Estimates Amid Bitcoin Rally
Coinbase, the leading cryptocurrency exchange, posted stellar earnings for the first quarter of 2024, exceeding analysts’ expectations. The company’s success stems from the remarkable rally of Bitcoin during this period. Coinbase reported revenue of $1.64 billion, surpassing analysts’ projections of $1.34 billion. Furthermore, the company achieved a net income of $1.18 billion, a remarkable turnaround […]
Bitcoin Jesus Indicted: The Saga of Roger Ver’s Tax Evasion
A federal grand jury has indicted Roger Ver, an early investor in Bitcoin known as the “Bitcoin Jesus,” on charges of mail fraud and tax evasion. Ver was arrested this weekend in Spain based on these charges, and the United States is seeking his extradition to stand trial. The indictment alleges that Ver, a former […]
Custodia Bank submits appeal notice in Federal Reserve case
Custodia Bank, a financial institution focused on providing account services for crypto firms, has taken legal action by filing a notice of appeal with the United States Tenth Circuit Court of Appeals. The move comes in response to a decision made by Judge Scott Skavdahl of the District Court for the District of Wyoming in […]
Pantera Capital to Raise $1 Billion for New Crypto Fund V
Pantera Capital, one of the largest managers of digital assets, is reportedly looking to raise over $1 billion for a new fund that would offer investors exposure to a wide range of blockchain-based assets. The fund, called Pantera Fund V, is slated to launch in April 2025 and would serve as the company’s ‘all-in-one’ fund, […]
$243M Liquidated as Bitcoin Breaks Below $64k
On April 25, the price of Bitcoin (BTC) fell below $64,000, triggering widespread liquidations of long positions across the crypto market. The price drop is attributed to several factors, including the arrest of Samourai Wallet founders, escalating geopolitical tensions in the Middle East, and post-halving volatility. As of writing, Bitcoin is trading at $63,306, down […]
BNB Foundation Incinerates $1.17 Billion Worth of BNB Tokens in Latest Burn
The BNB Foundation has just completed its 27th quarterly burn of BNB tokens on the BNB Chain. An automatic burning mechanism permanently destroyed a staggering 1,944,452.51 BNB tokens, valued at approximately $1.17 billion at the time of the burn. BNB is the native cryptocurrency powering the entire BNB Chain ecosystem. It serves as the official […]
FTX Plaintiffs Drop Claims Against Bankman-Fried for Fraud Case Cooperation
In the aftermath of FTX’s downfall, investors have reached an unexpected agreement with Sam Bankman-Fried. Plaintiffs in civil lawsuits against the disgraced crypto founder have agreed to drop their claims in exchange for his cooperation in pursuing claims against prominent figures such as Tom Brady, Shaquille O’Neal, and Gisele Bündchen, who endorsed FTX to potential […]