The recent scrutiny faced by fintech giant Block, involving its main business units Square and Cash App, has brought to light serious compliance failures. Federal prosecutors from the Southern District of New York launched an investigation following allegations of significant lapses in the company’s transaction monitoring systems. These allegations have raised concerns about the company’s
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Bitcoin’s recent price movement has seen the cryptocurrency breaking below the $60,000 support level for the first time in two months. This shift comes after a period of euphoria in the market, fueled in part by the launch of Spot Bitcoin ETFs in the US. However, a new report from Glassnode, an on-chain analytics firm,
The meme coin sector has been facing a challenging period recently, with a significant drop in market capitalization below the $50 billion mark. Among the meme coins, Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk Inu (BONK) have shown signs of potential recovery, despite facing price declines in the past week. Dogecoin (DOGE) has experienced a
The recent saga involving former Binance CEO Changpeng Zhao sheds light on a crucial aspect of the crypto industry – compliance. In the wake of his sentencing for violating US compliance rules, Zhao emphasized the need for adherence to regulations in the industry. This signals a shift towards a new phase where compliance is considered
In the volatile world of cryptocurrency, Arweave’s token (AR) took a significant hit, shedding 18.7% of its value overnight. This drastic drop occurred amidst a widespread market crash that also affected Bitcoin, the industry leader, causing its price to plummet by 7%. As of the latest update, Arweave is trading at $27.76, marking a 7-day
In recent weeks, the cryptocurrency market has experienced a significant downturn, with the global market capitalization dropping to around $2.2 billion and bitcoin’s price falling below $57,000. Altcoins like Solana, Dogecoin, and Shiba Inu have also seen double-digit declines. Despite this, some investors are viewing this as a potential buying opportunity, as evidenced by the
The cryptocurrency market has been experiencing dire conditions, with bitcoin plummeting to a multi-month low of around $57,000. The past few hours have been particularly brutal, with altcoins also facing massive losses. The total market cap has dipped by over $200 billion in just 36 hours, indicating a significant downturn in the market’s stability. Bitcoin’s
The AnimeCoin Foundation has recently unveiled an innovative web-based game called Gacha Grab in collaboration with the Azuki NFT collection. This game takes inspiration from the beloved Japanese gachapon toy vending machines, offering players a unique and thrilling experience. In Gacha Grab, players utilize credits to spin the virtual slot machine and win various prizes
The world of blockchain technology and cryptocurrencies is constantly evolving, with new innovations and developments shaping the future of digital assets. One significant announcement that has recently caught the attention of the crypto community is the partnership between Animoca Brands and Darewise to enter the Bitcoin ecosystem through the Opal Protocol. This move reflects a
A recent prediction by a crypto analyst has shed light on the possible future of Ethereum against Bitcoin. Benjamin Cowen, the founder of ITC Crypto, has shared insights on the market conditions, drawing parallels between the present market and the one seen in 2019. According to Cowen, the recent bounce in the ETH/BTC ratio mirrors
