In a recent development, the Federal Reserve issued a cease and desist order to United Texas Bank (UTB) on Aug. 29, demanding it to halt the offering of cryptocurrency services. This action came after a thorough examination carried out by the Federal Reserve Bank of Dallas and the Texas Department of Banking earlier in May
Dogecoin (DOGE) is facing a challenging time in the market as bearish forces are exerting pressure on its price. The cryptocurrency is currently trading below a key descending trendline, indicating a negative sentiment among investors. This article aims to provide a detailed analysis of Dogecoin’s current market situation, shedding light on the potential implications of
Recently, it was revealed that Vice President Kamala Harris’s campaign is utilizing Coinbase Commerce to accept cryptocurrency donations. This decision has sparked a conversation around the impact of cryptocurrency donations on political campaigns. Coinbase, a prominent player in the cryptocurrency industry, has been a significant donor to the Political Action Committee (PAC) Fairshake. With donations
Recently, crypto analyst CryptoCon made a bold statement in his market analysis, comparing Bitcoin’s current price action to that of December 2016. He noted that Bitcoin is following a similar trend to what was observed back in September 2016, indicating a pattern of support zone entries after mid-cycle tops. According to CryptoCon, the “pattern of
The Nigerian court recently decided to postpone the ruling on the bail application for Tigran Gambaryan, a detained Binance executive, until October 9th. This decision was made by Judge Emeka Nwite on September 4th after hearing arguments from both Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho, who opposed the bail request. Gambaryan’s
XRP, the cryptocurrency associated with Ripple, has been facing challenges in reaching the elusive $100 milestone. While many would attribute this to the ongoing legal battle with the SEC, crypto analyst Levi Rietveld offers a different perspective. According to Rietveld, the main reason behind XRP’s struggles lies in the negative perception that has been acquired
On September 6, the price of Bitcoin plummeted below $54,000, causing concern among traders as a massive wave of sell-offs hit the flagship cryptocurrency. This sudden drop was attributed to macroeconomic factors that painted a bleak future for Bitcoin. The decline in Bitcoin’s price followed a disappointing August job report in the US. Data from
Opeyemi is a dedicated writer with a deep fascination for the ever-evolving world of cryptocurrency. Despite not initially choosing the digital asset industry, he has found himself captivated by it for over two years. His passion lies in unraveling the complexities of blockchain technology and sharing insights on the latest trends in the realm of
Cryptocurrency journalism is a rapidly evolving field that requires a deep understanding of blockchain technology, digital assets, and the intricacies of the financial industry. One individual who has made a significant impact in this space is Semilore Faleti, a writer with a passion for demystifying the world of cryptocurrencies and advocating for their adoption. Semilore
PEPE is currently facing intense bearish pressure, with its price trending downward towards a critical support level at $0.00000589. Recent market actions have shown that sellers are dominating, pushing the token closer to this key threshold. The big question now is whether the bulls can mount a defense to prevent further declines or if PEPE