The recent decision by a Nigerian court to postpone the ruling on the bail application for Binance executive Tigran Gambaryan until Oct. 9 has raised significant concerns within the crypto community. Despite Gambaryan’s lawyer, Mark Mordi, submitting a new bail application citing medical reasons and the deteriorating health conditions of his client, the prosecuting counsel,
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Recently, the Federal Reserve issued a cease and desist order to United Texas Bank (UTB) on Aug. 29, directing it to stop offering crypto services. This action came after an examination conducted by the Federal Reserve Bank of Dallas and the Texas Department of Banking in May 2023. The examination identified alleged deficiencies in UTB’s
Dogecoin (DOGE) is currently facing a challenging situation in the market as bearish forces continue to exert pressure on its price. Trading below a key descending trendline, DOGE is struggling to maintain its position and is at risk of dropping to the critical $0.09149 support level. The market sentiment surrounding DOGE is predominantly negative, with
India’s Financial Intelligence Unit (FIU-India) is taking a strict stance on the compliance of offshore crypto exchanges operating in the country. The FIU is reportedly set to approve two more exchanges to resume operations by the end of the fiscal year. This decision comes after four exchanges were previously banned for non-compliance with anti-money laundering
XRP, the cryptocurrency associated with Ripple, has been struggling to reach the $100 milestone, much to the frustration of investors. While many might attribute this to Ripple’s ongoing legal battle with the SEC, crypto analyst Levi Rietveld offers a different perspective. According to him, the primary reason behind XRP’s struggles is the negative perception that
The cryptocurrency market experienced a major setback on September 6 as Bitcoin’s price dropped below $54,000. This sudden decline was a result of a massive wave of sell-offs from traders, triggered by developments on the macroeconomic side. The bearish outlook for Bitcoin was further fueled by weak August job reports and uncertainty surrounding the US
Delving into the world of cryptocurrency opens up a realm of excitement and uniqueness that captivates individuals from diverse backgrounds. One such individual is Opeyemi, a proficient writer who found his passion in the digital asset industry over two years ago. Despite it not being his initial choice, Opeyemi has become deeply immersed in the
PEPE is currently experiencing intense bearish pressure, with its price steadily declining towards a critical support level at $0.00000589. Recent market trends indicate that sellers are firmly in control, pushing the token closer to this crucial threshold. As the bears dominate the market, the big question remains whether the bulls will step in to defend
The recent turmoil in the Bitcoin and crypto market has caused prices to plummet, instilling fear among investors and leading to a significant drop in the Fear & Greed Index. This index serves as a crucial indicator of investor sentiment towards the market, with extreme readings suggesting potential price reversals. As the market grapples with
Recent news has confirmed that Binance’s co-founder, Changpeng Zhao (CZ), is permanently barred from managing the crypto exchange. Despite initial reports suggesting a three-year ban, CEO Richard Teng clarified that the ban is permanent. This means that CZ will never be able to resume a leadership role at the platform. However, as the largest shareholder