Month: July 2024

U.S. SEC Sues Crypto-Friend Silvergate Bank, Alleging ‘Misleading’ Statements Around AML Program

“On several occasions prior to November 2022, Lane and Fraher – and through them SCC – became aware that the Bank had serious deficiencies in its BSA/AML compliance program,” the complaint said. “In addition, through the results of multiple examinations of Silvergate by the Federal Reserve, through the Federal Reserve Bank of San Francisco (the ‘FRBSF’), Lane and Fraher should have known that there existed critical deficiencies in the Bank’s BSA/AML compliance program.” Source

Analysts Says Cardano Has Bottomed And Will Rally To $0.8, But It Must Hold This Level

boss

A crypto analyst has uncovered a new technical pattern in the Cardano price movements, signaling the potential for a substantial rebound. Echoing this optimism, another analyst has affirmed that Cardano may have hit its bottom and could be on the verge of rebounding to $0.8.  Analyst Declares Cardano’s Price Bottom In an X (formerly Twitter) post on June 29, Captain Faibik, a crypto analyst, shared insights on Cardano’s price action and future outlook. According to the analyst, Cardano’s native token, ADA, is forming a falling wedge pattern on the daily…

How Will The $9 Billion Sell-Off Affect BTC’s Price?

Defunct Bitcoin exchange Mt. Gox has finally announced the final date to begin refunding Bitcoin and Bitcoin Cash (BCH) to affected customers, starting as early as this week.  This eagerly awaited announcement has raised concerns within the cryptocurrency community regarding the potential contribution of these customers to ongoing selling pressure in the Bitcoin market.  Experts Confident In Absorbing Potential Mt. Gox Sell-Off While some analysts express apprehensions about potential losses in Bitcoin, they generally agree that any sell-off concerns related to Mt. Gox will likely be contained and short-lived.  Lennix…

Shiba Inu ‘Underbought,’ While Bitcoin ‘Overbought’ Recently: Santiment

boss

According to this metric, the on-chain analytics firm Santiment has revealed Shiba Inu has been underbought recently, while Bitcoin is overbought. MVRV Z-Score Suggests Shiba Inu Has Been Undervalued Recently In a new post on X, Santiment has discussed how some of the top cryptocurrencies are looking like right now on their MVRV Z-Score. The “Market Value to Realized Value” (MVRV) refers to a popular on-chain indicator that keeps track of the ratio between the market cap and realized cap for any given asset. The realized cap here is a…

Marathon Digital stock price gains as crypto market moves higher

Marathon Digital Holdings Inc., (MARA) was up more than 11% early Monday afternoon as crypto stocks rose sharply to mirror Bitcoin (BTC) gains. After struggling with bearish pressure amid miner and government wallets selling, bitcoin price broke to above $63k on July 1. While the flagship cryptocurrency pared gains to return below this mark, the positive sentiment that had also pushed altcoins higher cascaded into the crypto stocks market. BTC traded around $63,182 at the time of writing, up 2.8% in the past 24 hours. Analysts suggest Bitcoin could be…

WhaleFin Rebrands to S.BLOX for Sony’s Crypto Exchange Transformation

boss

FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 As Africa joins the global financial markets, its unique economy fuels forex and CFD trading innovation. Discover growth drivers: tech advancements, regulations, and increased financial education for African traders. See…

Stack Duo Gains Tor Support for Monero and Bitcoin

boss

Stack Wallet, a cryptocurrency wallet supporting a wide range of digital assets, and its sibling Stack Duo, a focused wallet exclusively for monero and bitcoin, have announced a significant update. In the latest release of Stack Duo v1.2.0, Tor support has been added for both Monero and Bitcoin, including .onion addresses, enhancing privacy and security […] Original

It’s Time for Crypto to Get Real

Now, let’s consider the other part of the equation. A crypto token can live off the hype, memes, and sheer unhinged speculation we know Web3 for. A DePIN can’t. In our case, it needs weather companies, researchers, and anyone else willing to buy the temperature data we collect. In other cases, it’s devices using its IoT connectivity network, or drivers looking for charging spots; the gist is, DePINs need real-world demand for their real-world service. They must push beyond the Web3 echochamber and, often enough, even compete with Web2 rivals.…

Will there be a recovery for Bitcoin?

boss

Heading into the first half of 2024, crypto investors are wondering about the future of Bitcoin, which continues to lose value after hitting an all-time high in March. According to Bloomberg, Bitcoin (BTC) has lost about 13% in value since March, after sharp surges of 67% and 57% in previous quarters. Amid the decline in the price of the first cryptocurrency, questions have emerged about whether cracks in momentum trades such as Bitcoin indicate a stricter outlook for risk appetite as the prospect of higher interest rates for longer looms…

NFT Sales Take a Hit — Last Month’s Sales Dropped 46% Compared to May

Although non-fungible token (NFT) markets showed improved performance over the past week, June’s sales figures were significantly worse compared to May. Over the last 30 days, NFT sales have decreased by 46.31%. June’s NFT Market Faces Steep Decline June proved to be challenging for digital collectible sales, experiencing a 46.31% drop compared to May, which […] Source CryptoX Portal