cryptocurrency

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, […]

Coinbase, one of the leading cryptocurrency exchanges, and its CEO, Brian Armstrong, face a new legal challenge. A new class-action lawsuit alleges that investors were misled into purchasing securities and that the company’s business model violates state laws. The lawsuit, filed in the United States District Court for the Northern District of California San Francisco […]

Alexander Vinnik, a Russian national and co-founder of the cryptocurrency exchange BTC-e, has pleaded guilty to a significant money laundering conspiracy related to the exchange’s operations. This admission comes after a comprehensive investigation uncovered various illicit activities carried out on the platform between 2011 and 2017. The United States Justice Department (DOJ) reported that during […]

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 […]

Morgan Stanley, one of the largest investment banks in the United States, is exploring the possibility of expanding its bitcoin exchange-traded fund (ETF) offerings by allowing its approximately 15,000 brokers to recommend these products to customers. According to a report from AdvisorHub, this potential move comes as the firm aims to tap into the growing […]

In a significant development for the cryptocurrency market, Hong Kong is on the verge of approving a spot Bitcoin exchange-traded fund (ETF), marking a milestone in the convergence of traditional finance and digital assets. Hong Kong’s Matrixport, a provider of cryptocurrency services in Singapore, indicated that Hong Kong authorities’ prospective approval of Bitcoin Spot ETF […]

Roman Storm, co-founder of cryptocurrency mixer Tornado Cash, has significantly advanced his case by filing a motion to dismiss all three charges against him. He faces charges of operating a money laundering business and violating the International Emergency Economic Powers Act. On March 29th, Storm’s lawyers argued against allegations that he conspired to launder funds […]

Jamie Dimon, JPMorgan Chase CEO, again sparked heated discussions in the world financial sector by comparing Bitcoin to smoking. Speaking at the Australian Financial Review business summit, Dimon reaffirmed his long-held doubts about the digital currency by linking it to a list of illegal activities such as sex trafficking, fraud, and terrorism. Although he admitted […]

The recent ban on Binance naira operations has sent shockwaves through Nigeria’s cryptocurrency community. Local stakeholders are expressing deep concern over the potential impact on the livelihoods of many Nigerians. Analysts fear the prohibition could contribute to increased youth unemployment in the country. On the other hand, local stakeholders believe that Binance’s exit from naira-related […]