Bitcoin investors are facing a tough challenge as they try to recover from a two-month price low for BTC. The recent Bitcoin price rebound has been limited, however, due to strong resistance. Despite a 6.2% recovery from this week’s low, BTC has not been able to surpass crucial trendlines. Moving Average Threatens BTC Price “Ordeal”...
The Taiwan stock market has moved lower in back-to-back sessions, stumbling almost 275 points or 1.4 percent along the way. The Taiwan Stock Exchange now sits just above the 20,220-point plateau although it may stop the bleeding on Friday. The global forecast for the Asian markets is upbeat on an improved outlook for interest rates....
Senator Cynthia Lummis (R-WY) criticized the U.S. Department of Justice (DOJ) on Wednesday for its controversial stance on self-custody wallets after unlicensed money-transmitting charges were brought against crypto mixers Tornado Cash and Samourai Wallet. “I am deeply troubled by the Department of Justice’s hyper-aggressive argument that non-custodial software can constitute a money transmission service,” Lummis...
The Bitcoin (BTC) price has powered back into the mid-$61,000s in wake of a softer-than-expected US labor market report which has boosted hopes that the Fed cuts interest rates more than once before the end of 2024. ❖ US Labor Apr Nonfarm Payrolls +175K; Consensus +240K ❖ US Apr Unemployment Rate 3.9%; Consensus 3.8% ❖...
The Hong Kong stock market has moved higher in eight straight sessions, gathering more than 2,000 points or 11.8 percent along the way. The Hang Seng Index now sits just above the 18,200-point plateau and it\'s nonetheless tipped to open higher again on Friday. The global forecast for the Asian markets is upbeat on an...
The Binance Nigerian money laundering trial against the crypto exchange and its two executives, Nadeem Anjarwalla and Tigran Gambaryan, has been postponed to May 17, Thursday media reports confirm. According to Reuters, a lawyer for Binance requested the delay during a court appearance Thursday, claiming he had yet to receive necessary proof of evidence related...
Arthur Hayes, co-founder and former CEO of BitMEX crypto exchange, shared his optimistic outlook on the future of Bitcoin’s price on May 3. He predicted a stabilization around $60,000, followed by fluctuations within the $60,000 to $70,000 range until August 2024. Arthur Hayes Bitcoin Price Forecast Propelled By Increased Dollar Liquidity Arthur Hayes explained in...
Adding to the gains in the previous session, the Australian stock market is notably higher on Friday, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 7,600 level, with gains across most sectors led by technology stocks partially offset by weakness in gold mining stocks. The benchmark...
The US Treasury’s Office of Foreign Assets Control (OFAC) took action against a developer at OKO Design Bureau on May 1, a Russia-based drone maker. OFAC sanctioned the developer and added three crypto addresses associated with the firm to the Specially Designated Nationals (SDN) list. According to OFAC’s press release, the OKO Design Bureau developer...
With the U.S. government targeting crypto mixers, Edward Snowden, the famed whistleblower and vocal supporter of cryptocurrencies, took to X on Thursday to urge Bitcoin developers to prioritize privacy. He stressed that time is running out to implement privacy solutions at the protocol level. The Clock Is Ticking On Bitcoin Privacy, Edward Snowden Warns “I’ve...