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,
The U.S. Federal Reserve recently issued a cease-and-desist order against United Texas Bank (UTB), citing “significant deficiencies” in governance related to anti-money laundering (AML) laws and risk management for virtual currency customers and foreign correspondent banking. This order comes after an examination conducted in May 2023, revealing shortcomings in board oversight and senior management’s handling
Opeyemi is a dedicated writer who has found his passion in the world of cryptocurrency. His journey into this realm was not planned, but it has turned into a deep fascination that keeps him engaged day in and day out. With over two years of experience in the digital asset industry, Opeyemi prides himself on
Ethereum has been experiencing a significant downtrend recently, causing concern and unease among investors. The decline was triggered by a pullback to the lower boundary of a broken wedge pattern, accompanied by the formation of a death cross, where the 100-day moving average moves below the 200-day moving average. This series of events has reinforced
In recent times, Ethereum (ETH) has been facing significant selling pressure and fear in the crypto market. The digital asset has experienced a 23% decline, bringing its price down to yearly lows at $2,200. One major concern for investors is the ongoing underperformance of Ethereum compared to Bitcoin. Since September 2022, Ethereum has fallen 44%
The recent downturn in the Bitcoin and cryptocurrency markets has led to a sharp decline in prices across the board. This has resulted in a significant drop in sentiment among crypto investors, causing the Fear & Greed Index to plummet into the Extreme Fear territory. This index, which measures investor sentiment on a scale of
In the ever-changing world of cryptocurrency, one thing remains constant – the presence of whales. These large investors, known for executing transactions valued at $100,000 or more, play a crucial role in shaping the market. According to data intelligence firm Santiment, the top ten crypto projects with the highest increase in whale activity have been
Trading in the financial markets can be exciting and rewarding, but it can also be challenging and stressful. It requires a lot of attention and quick decision-making, which isn’t always easy for everyone. That’s where trading bots come into play. By doing the hard work for you, these automated tools can make trading easier. Trading
The recent developments in the cryptocurrency space have indicated that Ethereum has entered oversold territory, which could potentially lead to a bullish price rally. Various crypto analysts have pointed out that historically, whenever the relative strength index (RSI) is in or near oversold territory on the 3-day chart, ETH tends to see a rally or
The US jobs report released on Friday fell short of general expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000+. This underwhelming performance brought the three-month average to 86,000, significantly lower than the 202,000 jobs added the previous year. Despite the lackluster job growth, there was a silver lining in
