Bitcoin price has recently started a fresh decline, dipping below the crucial support zone of $41,250. With bearish signs becoming more prominent, there is a looming possibility of it plunging further below the $40,000 mark. Bitcoin’s price has struggled to maintain stability above the $42,200 support zone. While it initially made attempts to overcome several
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Horst Jicha, the founder of USI Tech, a cryptocurrency firm, has been arrested and charged by U.S. authorities for his involvement in an alleged $150 million international fraud scheme. The charges against Jicha, a 64-year-old German national, include securities fraud, conspiracies to commit securities fraud, wire fraud, and money laundering. This article examines the details
In a recent development, a South Korean court has handed a four-year prison sentence to an unnamed individual in their 30s involved in a fraudulent cryptocurrency exchange. The court’s decision comes after the individual was found guilty of providing the exchange with illegal bank documents. This article delves into the details of the case, shedding
The price of Bitcoin has faced challenges in recent weeks, with a decline of over 3%. However, there may be hope on the horizon as the number of Bitcoin whales has shown a significant increase. This revelation comes from popular crypto analyst Ali Martinez, who used data from the on-chain analytics firm Glassnode to highlight
Fidelity’s Bitcoin spot ETF, known as FBTC, has made a significant impact on the market since its official launch on January 11. According to data from BitMEX Research, FBTC has witnessed a total inflow of over $1 billion within just five days of trading. This is a remarkable achievement, considering the recent dip in Bitcoin’s
The cryptocurrency market is currently experiencing a groundbreaking shift with the emergence of Mollars ($MOLLARS), a potential alternative to Bitcoin ($BTC). As Mollars enters its third round of the token presale stage, investors are flocking to this new digital currency at an unprecedented pace, with nearly 100,000 tokens being sold daily. But what sets Mollars
The U.S. Securities and Exchange Commission (SEC) has recently opened up for public comments on two proposals related to options trading on Bitcoin exchange-traded funds (ETFs). These proposals could potentially pave the way for Nasdaq and Cboe Exchange Inc. to list and trade options on various Bitcoin ETFs, opening up new investment strategies and opportunities
XRP, the cryptocurrency closely associated with Ripple, finds itself at a critical juncture, according to prominent crypto analyst CoinsKid. The analyst is raising concerns about the altcoin’s immediate future and highlights the urgent need for bullish momentum to prevent a significant downturn. In a recent post, CoinsKid stressed that if the bulls fail to step
Tether, the issuer of the world’s largest stablecoin USDT, has recently made a significant move in the crypto space by acquiring a staggering 8,888 BTC. This bold investment demonstrates Tether’s commitment to diversify and strengthen its portfolio, as well as its confidence in the future trajectory of Bitcoin. With this recent purchase, Tether now holds
Cryptocurrencies have always been subject to intense scrutiny in terms of their initial distribution, and XRP is no exception. The XRP token has recently come under fire, with community members questioning the events that took place during its Genesis. Ripple CTO David Schwartz, in response to these concerns, has sought to address the issue. In