Bitcoin and Ethereum have experienced a rough start to September, with both cryptocurrencies seeing price declines. This bearish sentiment can be attributed to several macroeconomic factors, including the effects of the Yen carry trade. The recent surge of the Yen against the US dollar has led investors to sell riskier assets like Bitcoin and Ethereum
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Robinhood’s cryptocurrency division has recently agreed to pay a $3.9 million fine to settle a California investigation into its past practices. California Attorney General Rob Bonta stated that the settlement was reached after Robinhood Crypto prevented users from withdrawing their digital assets from 2018 to 2022. It was also found that the company failed to
The recent revelation of the hacker responsible for the massive theft of over $235 million from the Indian crypto exchange WazirX transferring around $10 million through sanctioned Tornado Cash has sent shockwaves through the crypto community. According to blockchain security firm Cyvers, the hacker has been actively moving assets over the past 24 hours, with
Summers have historically been very bearish for the Bitcoin price, and the year 2024 has been no different. Since summer began in June, the price of Bitcoin has been very weak, with multiple flash crashes rocking the pioneer cryptocurrency at various points. So far, the Bitcoin price has gone from over $70,000 to below $50,000
Aayush Jindal, a prominent figure in the financial markets, has garnered over 15 years of experience in Forex and cryptocurrency trading. His journey began at a young age, where he displayed a natural talent for understanding complex systems and patterns. With an insatiable curiosity for market dynamics, Aayush delved into the world of finance and
Aayush Jindal is a prominent figure in the financial markets, with an extensive background in Forex and cryptocurrency trading spanning over 15 years. His expertise lies in providing unparalleled technical analysis, making him a trusted advisor and senior market expert for investors globally. From a young age, Aayush demonstrated a natural talent for decoding intricate
Binance CEO Richard Teng has publicly criticized the Nigerian government for their harsh treatment of Tigran Gambaryan, an American executive of the exchange who has been detained since February. Teng, in a post made on September 3rd, emphasized his concern over a viral video depicting Gambaryan struggling to walk into a courtroom. Teng demanded an
WazirX surprised users by initiating the second phase of its fiat currency withdrawal process ahead of schedule on Sept. 3, instead of the previously slated date of Sept. 9. This move comes following a major security breach that resulted in the theft of over $230 million in user assets. CEO Nishal Shetty announced the early
Recently, the US Securities and Exchange Commission (SEC) charged and settled with Galois Capital Management LLC, a hedge fund that managed a private fund primarily investing in crypto assets. The charges stemmed from Galois Capital’s failure to comply with client asset safeguarding requirements, particularly concerning crypto assets labeled as securities by the SEC. As a
Bitcoin, the leading cryptocurrency, has recently experienced significant price declines, much to the surprise of many investors and analysts. The price of Bitcoin has dropped below the $60,000 threshold, leading to concerns about its future trajectory in the market. This downward trend has raised questions about the overall stability and resilience of Bitcoin as a