A man who converted cash into Bitcoin for scammers and a drug dealer has been sentenced to six years behind bars. Trung Nguyen of Danvers, Massachusetts ran an unlicensed, “no questions asked” money transmitting business called National Vending, according to a statement released by the U.S. Justice Department. More than $1 million was converted into … Read more
Popular Bitcoin critic and gold advocate Peter Schiff has once again issued new assertions to downplay the broad crypto ecosystem. This time, the vocal critic has described crypto and tech investors as ignorant amid rising rates, in an X post on May 21. Although Bitcoin has seen a sharp surge today, pushing its price to … Read more
Major US banks eye joint stablecoin launch to counter digital asset competition. Legislation like the GENIUS Act is clearing the way for regulated stablecoin expansion. Stablecoins may dominate by 2030, pushing banks to modernize fast. Large banks venture into digital currency to remain competitive within the new crypto-financial environment. In a dramatic change of strategy, … Read more
Coinbase (COIN), Marathon Digital Holdings (MARA), and Galaxy Digital (GLXY) are making significant waves in the cryptocurrency market amidst recent market fluctuations. Following a data breach, Coinbase’s resilience is notable, while MARA’s robust Bitcoin reserves provide a positive outlook despite recent losses. Galaxy Digital faces challenges post-Nasdaq debut but remains committed to innovative projects in … Read more
Key takeaways: Bitcoin’s performance in the current bull market and a new cohort of buyers reflect a maturing market and widening adoption. A 50% rise in hashrate and a 63% jump in Realized Cap highlight investors’ confidence in Bitcoin. A recent report from Fidelity Digital Assets explored how the current Bitcoin market cycle reflects a … Read more
With technical indicators pointing toward continued strength and broader market tailwinds in play, analysts say XRP is setting up for a potential run toward the psychologically significant $3 mark. Momentum Builds After Strong 50% Rebound Over the past month, XRP has gained considerable traction, climbing from a low of $1.65 in early April to around … Read more
The cryptocurrency pulled back in early morning trading on Friday after hitting a new all-time high on Thursday afternoon. BTC Dips Below $109K as Trump’s 50% EU Tariff Sparks Market Jitters The so-called “Trump effect” was on full display Friday morning when President Donald Trump announced a 50% tariff on all European Union (EU) goods … Read more
The US Dollar Index sees the previous day’s relief rally pared back in full on Friday. Trump hints to tariffs for EU and starts to target domestic companies as well, with Apple’s Iphone facing 25% tariff. The US Dollar Index extends losses and is on its way to test a fresh two-week low near 99.14. … Read more
Key Notes On-chain data highlights a strong support level at $2,370, with minimal resistance above it. Yet, broader crypto market sentiment has been shaken by geopolitical concerns, including potential U.S.tariffs on the EU. Spot Ethereum ETFs are experiencing increased inflows, totaling $110 million on Thursday. EthereumETH$1 84524h volatility:2.6%Market cap:$222.72 BVol. 24h:$14.22 B price has been … Read more
Canary Capital’s staked TRON ETF marks a pioneering initiative of integrating staking rewards into the U.S.- authorized crypto investment instruments. The SEC’s validation of filing indicates increased openness to innovation, but also leads to regulatory hurdles. Making significant steps for crypto-based investment instruments, the U.S. Securities Exchange Commission (SEC) has officially affirmed a filing by … Read more