Author: finance

Ethereum, a leading player in the cryptocurrency market, has recently been grappling with volatile price fluctuations. Notably, it’s been experiencing a significant downturn, thought to be a result of adverse macroeconomic circumstances. However, crypto pundits are now forecasting a bullish swing for this digital asset, expecting a price recovery in the near term. Predicting Ethereum’s Price Rotation Ethereum’s price trajectory is hinting at an imminent bullish reversal, as mapped out by renowned investor, Jonathan Carter. He indicates a bullish formation that might trigger a significant rise towards essential resistance bands. In the one-day time frame, Ethereum has crafted an extensive…

Diving into the murky world of cryptocurrency fraud, we find Iris Ramaya Au, the 35-year-old ex-girlfriend of a notorious scammer known in the crypto circuit as “The Godfather.” Au has recently conceded to a federal charge for tax evasion, knowingly understating her income by over $2.6 million. This significant yet unchecked revenue stream emerged from her complicity in her former lover’s unlawful crypto operations, as stated by the U.S. Department of Justice (DOJ). The felony tax charge plea signifies another milestone in the government’s rigorous pursuit of individuals profiteering from illicit cryptocurrency transactions. Exposing the Crypto Fraud: Role, Financial Involvement,…

The European Union has recently taken decisive action against Russian cryptocurrency exchange Garantex, taking punitive measures due to its connections with sanctioned Russian banks and involvement in activities that risk global financial stability. This decision correlates with previous sanctions by the UK and US, and it indicates a rising international unity against the exchange’s potentially harmful operations. Amid this landscape, alternative solutions like non-custodial wallets such as Best Wallet and its token $BEST are gaining prominence as a safer alternative for crypto investors. EU’s Historic Move: The Backstory and Consequences for Garantex This is not the first time that Garantex…

The world of cryptocurrencies is synonymous with volatility and unpredictability. Bitcoin, the pioneering cryptocurrency, is no exception to this rule. After briefly surpassing the $90,000 and $85,000 thresholds, a wave of selling pressure sparked a rapid decrease in its value before the bulls managed to push it back up to $95,000. This momentary spike followed the announcement by President Trump of a U.S. Strategic Crypto Reserve. However, the shadows of erratic trading continue to linger, creating ambiguity about Bitcoin’s future price movements. Data from CryptoQuant showcases a marked decline of 22% in Bitcoin’s Open Interest (OI) within a span of…

Commencing an exploration into the world of cryptocurrency, we delve into recent predictions about Dogecoin, a digital currency that has taken the internet by storm. Expert crypto analyst Trader Tardigrade has provided insightful indications about price rebounds, which could potentially usher in a wave of profitability for the meme-inspired cryptocurrency. In this comprehensive evaluation, we’ll investigate these predictions and implications for the digital coin market. To facilitate our understanding, we’ll further enrich our discussions with data and interpretations from the popular cryptocurrency platform, Finances Zippy. Impending Price Rebound for Dogecoin? Trader Tardigrade, in a recent analysis, signaled a potential price…

The cryptocurrency industry is witnessing a significant shift with the recent decision of the U.S. Senate to dismantle a controversial IRS rule aimed at Decentralized Finance (DeFi). The rule would have required DeFi brokers to report user transactions for tax compliance, a nearly impossible task given the lack of user data collected by many brokers. Meanwhile, in another significant development, the Japanese investment firm, Metaplanet, has capitalized on market downturns by acquiring 497 Bitcoin. These separate but interconnected developments have roused investor interest in the realm of crypto presales, offering an opportunity to cash in on what could be the…

Diving into the volatile world of Bitcoin, recent downturns could be indicating an impending shift towards a more positive outlook for the flagship cryptocurrency’s value. Although Bitcoin is currently battling to reclaim the $90,000 mark, signs are emerging that suggest a transition towards a bullish market may be on the horizon. Let’s dive in and analyze these intriguing market dynamics further. Shifting Market Dynamics Indicate Bullish Sentiment A forthcoming alteration in the current market dynamics and trajectory of Bitcoin has been predicted by Swissblock, an on-chain and investment platform. Amid escalated volatility over the past few weeks, this anticipated shift…

In recent times, Bitcoin, the world’s most valuable digital currency, has experienced significant tumult and price oscillations, as the market grapples with unpredictability regarding future trends. Following a substantial growth spurt that saw Bitcoin momentarily surpass the $90,000 and $85,000 thresholds – a result of President Trump announcing a U.S. strategic crypto reserve plan – the digital currency has been in a relatively unstable state, with investors undecided on whether the recent surge is indicative of a recovery or merely a transient bounce. Bitcoin’s Market Situation As per the statistics from CryptoQuant, the Bitcoin Cumulative Volume Delta (CVD) has unveiled…

In the world of cryptocurrency and blockchain technology, Do Kwon, co-founder of Terraform Labs, remains embroiled in significant legal challenges. Recently, a US Federal Judge rescheduled Kwon’s court hearing initially programmed for March 6. This decision comes in light of the discovery of a vast array of new evidence that could significantly affect the proceedings. With an impressive four terabytes of fresh data now part of the trial, the complexity and scope of accusations against Kwon are increasing. An Unexpected Delay Triggered by Enormous Evidence The prosecution has currently handed over roughly 600 gigabytes of information, including data from Kwon’s…

Delving into recent trends in the world of cryptocurrency trading, there has been a stark decline in Bitcoin trader sentiment. This fall into the ‘extreme fear’ zone correlates with the price of the asset diminishing its recent gains. It’s a tumultuous time in the crypto environment, and this article aims to provide insights into the market’s evolving dynamics. A Brief Respite: The Crypto Reserve Hype Rally The cryptocurrency market, led by Bitcoin, kicked off the week in high spirits. A significant uptick in prices across the board echoed the positivity created by the announcement of the Crypto Strategic Reserve by…