Bitcoin reclaims key support above $60,000 after attempt to sweep March lows Crypto 1 second ago Bitcoin (BTC) reclaimed the crucial $60,000 support level in a show of resilience after bears made an attempt to sweep the lows set in March at $59,000, based on CryptoSlate data. The flagship crypto was trading at $60,800 as …
Continue reading “Roger Ver arrested in Spain after DOJ files tax fraud charges in the US”
The Newconomics events organization has launched a new podcast, offering an in-depth look at the rapidly evolving world of blockchain, crypto, and the emerging web3 landscape. The Newconomics Podcast, hosted by Megan Carnegie and Hervé Larren, promises to deliver bi-weekly episodes that explore the future of technology and its real-world implications. Megan Carnegie, a writer, …
Changpeng Zhao Former CEO & Co-Founder at Binance Changpeng Zhao, popularly known as “CZ,” is a notable figure in the cryptocurrency world, primarily for founding and leading Binance, the world’s leading cryptocurrency exchange by trading volume. Go to Source
Quick Take While Bitcoin currently trades approximately 20% below its all-time high, the more compelling narrative unfolds within the dynamic flow of coins between short-term holders (STHs) and long-term holders (LTHs) LTHs, holding Bitcoin for over 155 days, typically accumulate during bear markets and distribute during bulls. Their supply peaked at 14.9 million BTC in …
Continue reading “Bitcoin market absorbs 1 million BTC in 5 months”
House Financial Services Committee Chairman Patrick McHenry has accused SEC Chair Gary Gensler of misleading Congress concerning the classification of Ethereum during his testimony in April 2023. The accusation comes amid escalating tensions over the regulatory approach to digital assets in recent months, with some industry participants filing lawsuits against the watchdog for overstepping its …
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With cryptocurrency values on the decline and bitcoin down 13% from a month ago, British financial expert Raoul Pal predicts a rebound during the “Crypto Summer.” According to Pal, this rise will generate widespread excitement, and “everything will get caught up in euphoria.” British Financial Guru Spells Out Next Big Crypto Wave: ‘Full Mania’ Expected …
On April 30, 2024, the U.S. Department of Justice (DOJ) detained Roger Ver, a trailblazing investor in bitcoin, on accusations of tax evasion and submitting fraudulent tax returns. The following update is accompanied by a statement from Bitcoin.com regarding the allegations against the company’s founder. Bitcoin Investor Roger Ver Charged With Tax Evasion According to …
Continue reading “Bitcoin.com Addresses Charges Against Early Investor and Founder Roger Ver”
The recent actions by the Department of Justice (DOJ) against non-custodial crypto wallet developers have sparked controversy and concern within the cryptocurrency community. According to Coin Center, these charges mark a significant shift from previous U.S. policies regarding money transmission, potentially impacting the liberty and privacy rights of developers and users alike. Coin Center: DOJ …
Continue reading “Coin Center Warns of DOJ Overreach in Tornado Cash, Samourai Wallet Cases”
On Tuesday, April 30, 2024, Changpeng Zhao (CZ), formerly the CEO of Binance, was sentenced in a Seattle courtroom for his compliance failures at the cryptocurrency exchange. The sentencing was first covered by Nikhilesh De and Danny Nelson of Coindesk, who reported directly from the courthouse. Per Nikhilesh De’s X thread, the proceedings began with …
Continue reading “Former Binance Boss Changpeng Zhao Sentenced to 4 Months in Jail”
Russia is preparing to enact a ban on the organization of cryptocurrency exchanges in the country via the approval of a bill that regulates mining activities. According to statements made by Russian Duma Financial Market Chairman Anatoly Aksakov, digital financial assets like the digital ruble will be allowed to circulate. State Duma to Enact Ban …
Continue reading “Russia to Enact a Ban on Domestic Operations Of Cryptocurrency Exchanges”
