As September draws to a close, Bitcoin investors may be breathing a collective sigh of relief. Historically, Bitcoin’s price tends to falter during this month, often aligning with Wall Street’s well-known “September Effect”—a period when stock markets and other investments frequently underperform. However, seasoned cryptocurrency enthusiasts know there’s reason for optimism, as “Uptober”—a month that…
In a significant blow to the cryptocurrency ecosystem, Himachal Pradesh has become a hotspot for massive crypto scams, with over ₹2,000 crore swindled from unsuspecting investors. Since 2021, authorities have arrested 89 individuals and filed 20 FIRs related to these scams, with the most notorious case being a ₹1,740 crore Bitcoin scam led by Subhash…
The cryptocurrency industry has seen an extraordinary rise in lobbying expenditures, with companies spending $40.42 million in 2023 alone—a staggering 1386% increase compared to the $2.72 million spent in 2017. This surge reflects the growing importance of regulatory issues for crypto companies as they navigate an increasingly complex global legal landscape. Major Players in Crypto…
The hackers behind the Rs 2,000 crore (approximately $234 million) heist of digital assets from the WazirX cryptocurrency exchange have begun withdrawing the stolen funds, with more than $12 million already laundered through the controversial platform Tornado Cash. Blockchain security firm Cyvers reported that the hackers have been using Ethereum (ETH) to move the stolen…
On September 6, XRP faced a sharp decline of 4.40%, reflecting a broader cryptocurrency market sell-off following the release of the US Jobs Report. The drop comes at a time of increased uncertainty surrounding Ripple, driven by both regulatory concerns and community reactions to political endorsements. Broader Crypto Market Sell-Off After US Jobs Report The…
The stock market’s benchmark index, the S&P 500, has experienced a sharp downturn in September, with its total market capitalization dropping by around $1.7 trillion. This significant decline comes amid expectations of interest rate cuts from the Federal Reserve later this month, raising concerns among investors about the near-term outlook for the economy. A Tough…
The cryptocurrency industry recently experienced significant movement, particularly within Ripple’s (XRP) market. Following a major whale transaction involving the transfer of 105 million XRP, the coin saw a 2% drop, sending ripples of concern across the community. This event has raised questions among holders and analysts about the coin’s short-term price movement and its potential…
In a surprising move that has caught the attention of the cryptocurrency world, Vitalik Buterin, co-founder of Ethereum, announced his decision to donate all of his crypto proceeds and halt further investments in new tokens. Known for his innovative contributions to blockchain technology, Buterin’s decision marks a shift in his focus from accumulation to philanthropy,…
In the ever-volatile world of financial markets, whether traditional or crypto-based, investor sentiment often dictates price movements. Currently, Binance Coin (BNB) is in the spotlight, attracting the attention of traders despite a challenging market environment. Over the past week, BNB has experienced a 7% drop in value, raising concerns among some, but others are taking…
In a recent podcast, Phil Rosen, co-founder of Opening Bell Daily, and Anthony Pompliano, CEO of Professional Capital Management, took a closer look at the downturn in both the stock market and Bitcoin. Their discussion not only covered the immediate factors causing the dip but also explored the broader economic policies at play under leaders…
Gemz, a rapidly growing Telegram-based game where players manage a whimsical crypto mining firm run by sloths, has announced a major partnership with CEX.IO Power Tap, one of the largest tap-based games in the cryptocurrency space. With CEX.IO Power Tap boasting a user base of over 27 million players, this collaboration marks a significant step…
In a significant regulatory action, the US Federal Reserve and the Texas Department of Banking have issued a Cease and Desist Order against United Texas Bank for what they describe as “severe violations” of anti-money laundering (AML) regulations. The order is focused on the bank’s dealings with cryptocurrency firms, signaling growing scrutiny over financial institutions’…
