A U.S. District Judge in Seattle has slammed the brakes on Changpeng Zhao’s plans to head back to the UAE, keeping the former Binance CEO stateside until his February sentencing. Judge Richard Jones flipped an earlier ruling that would’ve let Zhao jet off, siding instead with prosecutors who pushed to keep him grounded after his…
One trader believes Bitcoin (BTC) has bottomed, referencing CryptoQuant data. His preview is despite a parallel analysis by Mike McGlone, a Bloomberg analyst, who notes that the coin is still struggling with negative liquidity. $BTC – The Bottom Has Passed But Still Attractive Price "The attached chart shows Bitcoin in Google Trends and Bitcoins estimated…
The U.S. Department of Justice (DOJ) is gunning to put Sam Bankman-Fried, the ex-CEO of the now-defunct crypto exchange FTX, behind bars before his trial. In a letter to Judge Lewis A. Kaplan of the Southern District of New York’s federal court, the DOJ laid out its case, accusing Bankman-Fried of witness tampering and leaking…
Bitcoin, the heavyweight champ of crypto by market cap, has been on a three-day skid, dipping 2% in the last 24 hours to trade at $27,575 as of now, May 9, 2023. The slide kicked off on May 6 when BTC was lounging around $29,700, dragging its market cap down from $575 billion to $533…
In a wild twist straight out of a cyber-thriller, an unnamed Bitcoin user reportedly cracked into hundreds of wallets tied to Russian security services, snatching coins and funnelling them to Ukrainian volunteers amid the ongoing war. According to a now-vanished Chainalysis report, this shadowy figure hit nearly 1,000 Bitcoin addresses between February 12 and March…
CoinLoan, a European crypto-lending platform that’s been running under Estonia’s Financial Authority since 2017, has slammed the brakes on all operations following a stern court notice. Estonian regulators dropped a bombshell, banning CoinLoan from touching any assets without explicit go-ahead from an appointed liquidator, Martin Yen, who’s now stepping in as interim administrator. The order,…
Bitcoin’s back above $30,000 for the first time since June 10, 2022, fueled by calmer banking waters, a brighter investor mood, and whispers of a Fed policy pivot. The world’s top crypto by market cap surged over 8% on April 11, 2023, peaking at $30,399 before settling at $30,079 as of this writing—an 80% year-to-date…
Crypto exchange OKX made headlines today, announcing it’s handing over roughly $157 million in frozen assets tied to the collapsed FTX and its sister firm, Alameda Research, to help FTX’s debtors. The move came in a March 29 press release responding to a motion filed in FTX’s ongoing bankruptcy proceedings. Back in November 2022, as…
Bitcoin’s hitting new heights, soaring to $28,000 on March 20, 2023—a peak not seen since June 2022—right as the banking world wobbles. The crypto king’s not just riding high; it’s snagged the top spot on Goldman Sachs’ list of best-performing investment assets this year, a nod to its wild run amid a crumbling financial scene….
Bitcoin’s back in the game, hitting $26,089 in early morning trading on March 17, 2023—just a whisker shy of its yearly peak. After a wild ride sparked by the collapse of two crypto-friendly banks, Silicon Valley Bank (SVB) and Silvergate Bank, BTC’s up 5.7% in the last 24 hours, shrugging off the gloom with a…