Day: February 14, 2024

Australian police officer indicted for alleged theft of 81 BTC from drug proceeds

William Wheatley, an officer of the Australian police, is currently undergoing court proceedings in connection with accusations of stealing crypto assets seized during the dismantling of an online drug-trafficking operation. The officer in question is being charged with theft, managing proceeds from suspected criminal activities, and leveraging confidential information for personal gain. These charges are being addressed in a committal hearing taking place this week at the Melbourne Magistrates’ Court. Amid a series of testimonies, Wheatley’s defense asserts that the case relies on circumstantial evidence, challenging the actions attributed to…

Bitcoin Technical Analysis: BTC’s Bullish Momentum Signals Strong Market Confidence on Valentine’s Day

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Bitcoin’s price trajectory on Feb. 14, 2024, showcases a robust bullish trend, with the cryptocurrency reaching a 24-hour high of $51,814. Amidst a consolidating market, the digital asset has seen significant growth, marking a 3% increase today, and 21% over the past month. Bitcoin Bitcoin (BTC) has demonstrated remarkable resilience and growth, with its price […] Original

XRP Price Could Surge from New Acquisition, Amid Community Skepticism

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Recently, Ripple announced the acquisition of Standard Custody & Trust Company, a digital asset custodian. The company aims to expand into different sectors beyond its core payments network business. This development may become the key catalyst in driving the price of XRP to new heights, addressing historical challenges of price declines and stagnant growth.  Ripple’s Acquisition Sets Stage For Potential XRP Price Surge On Tuesday, February 13, Ripple disclosed the formal agreement to acquire Standard Custody to continually expand its offerings and pursue smart acquisitions to capitalize on present and future…

Crypto Custodian Taurus Enlists Lido to Bring Liquid Ethereum Staking to Swiss Banks

“One open question that was clarified from a banking law perspective was that when funds are locked up, those funds must be available to clients at any given time,” Lavrov said in an interview. “You could argue that is achieved by liquid staking, since funds are readily available and the token is pegged one-to-one with ETH. So I see a breakthrough opportunity for banks to get into solutions like Lido.” Source

Japan eyes on stopping P2P transfers from fiat to crypto

Japan’s top financial regulator proposes protecting users from “unlawful transfers” to cryptocurrency exchanges. The Financial Services Agency (FSA) points out that the number of fraudulent transactions in the country remains high, and most involve crypto assets. The FSA offers several measures to protect users from illegal transfers. In particular, these measures are expected to complicate the peer-to-peer (P2P) transaction market seriously. As such, the FSA and the National Policing Agency (NPA) are calling on banks to “further strengthen the protection of their users.” The FSA and NPA are pursuing several key…

Satoshi-Era Bitcoin Function ‘OP_CAT’ Dusted Off as Development Fervor Grows

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The developers behind the new proposal, BastionZero co-founder Ethan Heilman and Botanix Labs lead software engineer Armin Sabouri, describe their refreshed version of OP_CAT as a simple piece of coding – just a dozen or so lines. They say it could provide the general-purpose functionality that’s been missing from Bitcoin since its very early days, and that’s been a key driver of growth on Ethereum, the second-biggest blockchain. If launched, so-called layer-2 networks might be easier to build atop Bitcoin, along with other innovations like decentralized exchanges or file hosting.…

comprehensive guide to potential investments

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In the crypto market, investors are always searching for promising coins for diversification. Each year, there are new developments, innovations, and changes in trends. Even so, investors need to identify and analyze the best crypto in 2024. Therefore, to ease your research, we have listed the 10 best crypto coins you can consider in 2024.   Top 10 coins to consider in 2024 are: 5thscape (5TH) Ether (ETH) Bitcoin (BTC)…

Price Eyes $50 Return As New Upgrade Fuels Optimism On Testnet

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In the dynamic realm of cryptocurrencies, Avalanche (AVAX) is causing a stir, riding the waves of a recovery rally that commenced last month. As the broader spectrum of alternative coins experiences a resurgence, AVAX stands at the forefront, ready to extend its ascent, with whispers in the market hinting at a potential surge towards the coveted $50 mark. Avalanche Booms: Durango Upgrade Ushers Growth Presently, the AVAX price confidently stands above the 50% retracement level at $39.91, signaling a robust support level within the market range spanning from $28.00 to…