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Cryptocurrency News

Location American Cryptocurrency News for 23 June 2024
US Government to Report Seized Crypto as 'Nonmonetary Property' The Federal Accounting Standards Advisory Board (FASAB) has clarified that seized crypto assets should be treated as “nonmonetary property” while central bank digital currencies (CBDCs) should be treated as monetary ...
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Ripple CEO Hails Latest Court Ruling 'a Big Win' -- Calls His Lawsuit Baseless Troll Attempt Ripple CEO Brad Garlinghouse says the latest court ruling on Ripple’s securities lawsuit “is a big win.” He stressed that “absolutely nothing in the decision negates or changes the fact that XRP is, in and of its...
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Binance Helps Btcturk With Hack Investigations -- Freezes Over $5.3M in Stolen Funds Turkish crypto exchange Btcturk has suffered a cyber attack which caused unauthorized withdrawals from the platform. Crypto exchange Binance is assisting Btcturk with investigating the breach and has already frozen over ...
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Bitcoin's Power Law Model Gains Traction Despite Market Fluctuations In 2020 and early 2021, the stock-to-flow (S2F) bitcoin price model captured widespread attention. Although bitcoin currently stands over 13% below its peak value reached in March, the Power Law Corridor model has become...
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Market Jitters: Analysts Warn of Looming US Stock Crash, Draw Parallels to 1929 As the U.S. stock market scales new heights, a growing chorus of analysts warns that a severe crash could be on the horizon, reminiscent of the devastating 1929 collapse. Concerns center around the meteoric rise of Nvidi...
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Crypto's Stagnant Summer: Analysts Say 'Boring' Markets May Set Stage for Eventual Price Surge In the past week and a half, the crypto markets have shown a bearish trend, suggesting that the summer slowdown is underway. Many anticipate that bitcoin and the broader crypto economy might face a few uneventful weeks a...
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Bitcoin price loses ground as TON, PEPE, KAS and JASMY catch traders' attention TON, PEPE, KAS, and JASMY could attract buying if bears fail to pin Bitcoin below $64,602.
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Crypto Portfolio Tracker Coinstats Confirms Security Breach; Temporarily Shuts Down App According to the crypto portfolio tracking app, Coinstats, suspected North Korea-linked hackers are believed to be behind the security breach on June 22, which impacted 1,590 user wallets, The Coinstats team has advised ...
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Donald Trump's VP Contenders: A Look at Polymarket Odds and Favorites With the 2024 election set for November, there’s growing curiosity about whom former President Donald Trump will select as his vice-presidential candidate. Currently, the decentralized prediction market Polymarket is f...
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Bitcoin prepping breakout with '$90K+' BTC price target -- New analysis Bitcoin faces a key weekly close as BTC price indicators keep bulls' hopes alive when it comes to new all-time highs.
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SEC Demands $102M From Ripple, Dems Reportedly Prepare for Crypto Roundtable, and More -- Week in Review The U.S. Securities and Exchange Commission (SEC) is seeking a $102.6 million penalty from Ripple in the XRP case. Meanwhile, the Biden administration, along with Mark Cuban and Representative Ro Khanna, are preparing fo...
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Detained Binance Employee Includes Financial Compensation Demand in Amended Rights Lawsuit The jailed Binance employee, Tigran Gambaryan, recently requested permission to amend his fundamental human rights violation against Nigerian law enforcement agencies. The amended proposal reportedly seeks “the costs o...
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Bitcoin Network Adapting Despite Experiencing Growing Pains, Says Early BTC Investor Although Bitcoin-based decentralized applications (dapps) have been known to replicate or copy Ethereum dApps, Jeff Yin, founder of Merlin Chain, believes there is a growing impetus to build bitcoin dapps that are distin...
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Prime Suspect in $2.2M Crypto Fraud Faces Up to 20 Years in Prison The U.S. Department of Justice (DOJ) announced on Friday that Robert Wesley Robb, 46, from Colorado, pled guilty to wire fraud for deceiving investors with false promises about a Maximum Extractable Value (MEV) cryptocur...
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South African Tax Authorities Scrutinize Crypto Traders Amid Compliance Uncertainty South African crypto traders have reportedly started receiving notices from the South African Revenue Service (SARS) indicating that their tax affairs are under review. The revenue collector is gathering information from...
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Understanding Oscillators in Bitcoin Trading: A Technical Analysis Guide In the realm of bitcoin trading, technical analysis can play a significant role, with oscillators being pivotal tools. Oscillators, developed over decades, assist traders in making informed decisions by analyzing price m...
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Nigerian Regulator Amends VASPs Rules; Threatens Enforcement Against Noncompliant Entities The Nigerian securities regulator said on June 21 that it had amended the digital asset rules to expand their scope and introduced an accelerated process for onboarding virtual asset service providers. The Accelerated Re...
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Parfin Creates New Blockchain to Be Used as Privacy Solution for Brazilian CBDC Parfin, a financial technology company, has created a new blockchain system to be used as a privacy solution for the Brazilian CBDC, drex. Rayls, the new blockchain, will offer the possibility of operating in a permissio...
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Bloomberg Analyst Doubles Down on July 2 Spot Ether ETF Launch Date Amidst Surge in S-1 Filings Bloomberg’s senior ETF analyst has reaffirmed his prediction of a July 2 launch date for U.S. spot ethereum exchange-traded funds (ETFs) after observing a surge in amended S-1 (registration statement) filings on Friday...
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