Nubank, a fintech bank, has recently made the decision to suspend trading for its cryptocurrency, Nucoin. The announcement came amidst concerns over the bank’s financial stability and the validity of its assets. Nucoin was introduced in late 2022 on the Polygon blockchain as part of a reward program aimed at providing users with various benefits
Crypto
Recent data from the blockchain market intelligence firm Santiment has revealed interesting patterns in bitcoin wallet accumulation. While wallets holding less than 1 BTC have been aggressively accumulating, those with 1-100 BTC and more than 100 BTC have cooled off in recent weeks. This shift in accumulation behavior could have significant implications for bitcoin’s price
Recently, Benjamin Cowen, the founder and CEO of ITC Crypto, highlighted a wedge chart pattern in the current cycle that bears resemblance to patterns seen in previous cycles, specifically in 2019. This wedge pattern, according to Cowen, is much larger in scale this time around. He pointed out that the structure of the ETH/BTC pair
Bitcoin recently experienced a significant surge in price, jumping from a daily low of $53,600 to over $58,000 in just one day. One of the key factors behind this surge could be attributed to the US spot Bitcoin ETFs that were introduced in mid-January this year. These ETFs have been playing a crucial role in
Bitcoin (BTC) faced a significant downturn in price over the weekend following the release of August nonfarm payrolls (NFP) data, which did not meet analysts’ expectations. The cryptocurrency experienced a steep drop of almost 5%, pushing it below the $54,000 mark, its lowest level since early August. This price weakness did not only affect Bitcoin
The United States Federal Bureau of Investigation (FBI) recently released a report warning the public about the increasing number of “aggressive” attacks from North Korean hackers against the crypto industry and companies associated with digital asset investment products. These attacks primarily involve sophisticated social engineering tactics that even individuals well-versed in cybersecurity practices could fall
In the two years since Ethereum underwent the Merge, its performance against Bitcoin has been on a downward trend. Once considered a powerhouse in the cryptocurrency world, Ether (ETH) is now teetering on the edge of undervaluation. This article will delve into the major factors contributing to Ethereum’s underperformance post-Merge. Inflationary Supply Dynamics One of
Bitcoin, the most popular cryptocurrency, has experienced a significant drop in its market price on crypto exchanges. This decline marks the lowest price since the early August massacre when it fell below $50,000 for the first time. Despite reaching highs of $65,000 in previous weeks, the bears now seem to be back in control, with
Bitcoin’s price took a hard hit on Friday, only to recover some ground on Saturday and maintain above $54,000 since then. Despite heading towards $60,000 earlier in the week, a subsequent rejection led to a steep drop to $55,500 by Wednesday. With another lower high on Thursday, bitcoin slipped further to $55,200 on Friday as
A precedent-setting case in Scotland has resulted in the confiscation of approximately £110,000 worth of cryptocurrency from a 29-year-old individual named John Ross Rennie. This is the first instance where proceeds of crime legislation have been utilized to convert cryptocurrency into physical cash. The case was settled at the High Court in Edinburgh, where Rennie,
