Coinbase – one of the largest and most popular digital currency exchanges in the world – has announced it will pay roughly $50 million in settlement fees to New York regulators for allegedly failing to comply with the Empire State’s anti-money laundering laws. Coinbase Allegedly Did Not Comply with Anti-Money...
Blog
Tron (TRX) Price Analysis: Decline Could Extend To $0.055
Tron price started a fresh downside correction from the $0.064 zone against the US Dollar. TRX price is now trading below $0.0620 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.0620 on the 4-hours chart (data feed via...
Bitcoin Price Analysis: BTC Aims More Gains above $23K
Bitcoin price started a fresh increase from the $20,400 zone against the US Dollar. The price is now trading above $22,000 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $22,450 on the 4-hours chart of the BTC/USD pair (data feed...
The Federal Reserve and Other Agencies Are Warning Banks About Crypto
U.S. regulators like the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have established a joint statement warning banks all over the world about the alleged risks and problems that come with crypto trading. The Federal Reserve Feels Crypto Is Problematic These...
Some Want the Crypto Moratorium in New York to Last Longer
Not long ago, the state of New York imposed a moratorium on crypto mining, thus barring any firms that did not fully rely on clean energy from entering its borders and setting up shop. Initially, the ban was set to last a total of two years, though now, local legislators...
Former FTX Exec Sam Bankman-Fried Enters Not Guilty Plea
Sam Bankman-Fried – the former head executive of the now fallen crypto exchange FTX – has pleaded not guilty to all counts of fraud. This means his case will potentially be heard by a jury. Sam Bankman-Fried Says He’s Not Guilty During a recent testimony, Bankman-Fried refused to speak for...
Cardano (ADA) Price Analysis: Rally Could Accelerate Above $0.38
ADA price seems to be forming a support base above the $0.35 level against the US Dollar. The price is now trading above $0.35 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.348 on the 4-hours chart (data...
Ethereum Price Analysis: Bulls Aim $1,800 or Higher
Ethereum price is gaining pace above the $1,550 level against the US Dollar. ETH price is now trading above $1,500 and the 55 simple moving average (4-hours). There is a connecting bullish trend line forming with support near $1,610 on the 4-hours chart (data feed from Coinbase). The pair could...
Erik Voorhees Sees a $40K Price for BTC in 5-6 Months
Erik Voorhees, the CEO and founder of crypto exchange Shape Shift, sees bitcoin – the world’s number one digital currency by market cap – reaching a relatively modest price of about $40,000 at some point this year. Erik Voorhees: BTC Will Be at $40K 2022 was a rough period for...
Crypto Bankruptcy was Big Last Year, but was There a Positive Note to It All?
2022 was a year wrought with bankruptcy and the exiting of several crypto companies, but many analysts do not feel this was necessarily a bad thing. Bankruptcy was Big in 2022, but Things Might’ve Been Better Than We Thought On the surface, one could argue that 2022 was the worst...