Bitcoin experienced a sudden dip below $50,000 on August 5, sending shockwaves through the crypto market. This unexpected downturn led to the liquidation of many positions, causing Bitcoin to plummet to its lowest price in six months. Moreover, the impact of this dip cascaded into other cryptocurrencies, catching many investors off guard. A recent report
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German authorities have recently seized $28 million in cash and 13 crypto ATMs as part of a nationwide effort to tackle unlicensed financial activities. Spearheaded by the Federal Financial Supervisory Authority (BaFin), the operation aimed to strengthen oversight in Germany’s rapidly growing crypto market. Working alongside law enforcement and the central bank, the crackdown demonstrates
XRP has recently experienced a 6% surge, sparking speculation among traders about the potential gains that could be realized if it breaks through the key resistance level of $0.60. As the cryptocurrency approaches this critical threshold, traders are anxiously awaiting to see if it can sustain its upward momentum or if it will encounter a
Bitcoin’s price has once again faced a major hurdle as it failed to hold above the crucial $60,000 resistance zone. The leading cryptocurrency started a fresh decline, indicating signs of weakness in the market sentiment. Despite multiple attempts to break through the resistance level, Bitcoin formed a top near $60,200 before facing a downward trend.
Binance, the leading cryptocurrency exchange, made a significant announcement regarding its efforts to prevent over $2.4 billion in potential user losses from scams and fraud in the first seven months of 2024. A staggering $1.1 billion, which accounts for 45% of the total sum, was attributed to withdrawals associated with suspected crypto scams. These preventive
Ethereum price recently encountered a setback as it started a pullback from the $2,680 resistance level. This decline has put ETH at risk of further downsides if it fails to maintain its position above $2,550. Looking at the technical indicators, Ethereum is currently trading below $2,650 and the 100-hourly Simple Moving Average. Moreover, there is
The Nigerian Federal Inland Revenue Service (FIRS) is taking a step towards regulating the rapidly growing crypto sector in the country. This move is aimed at driving economic growth and fostering innovation in the digital assets space. FIRS Executive Chairman Zacch Adedeji stressed the importance of updating Nigeria’s outdated regulatory framework to incorporate new technologies
Aayush Jindal, a distinguished figure in the financial markets realm, has garnered over 15 years of experience in Forex and cryptocurrency trading. His journey began at a young age, where his innate talent for decoding intricate systems and patterns set him on a path to becoming a leading authority in the industry. Fueled by an
Australia’s Securities and Investment Commission (ASIC) has taken decisive action in the fight against crypto scam websites, shutting down a staggering 615 such sites in the past year alone. This move is part of a broader effort to combat investment fraud across the country, with ASIC also closing 7,300 other scam websites including fake investment
Recently, well-known crypto expert Xaif made an audacious prediction regarding XRP, claiming that the altcoin is gearing up for a significant breakout. This prediction is based on a bullish Symmetrical Triangle pattern on the altcoin’s chart in the weekly timeframe. According to Xaif, this pattern typically indicates a consolidation phase before a potential breakout, with