Author: Ronaldo Markue

Bitcoin Sell Pressure could lead to a test of the $56K support level if BTC fails to break through the $60K mark before the options expire on Aug. 16. The upcoming expiry option is dragging BTC to drop its price below another key support level as the selling pressure is making BTC unable to break the bearish trend. On Aug. 16 more than $1.4 billion of Bitcoin is set to expire at 8:00 am UTC as per the data from Deribit. This sets Bitcoin holders at a loss at $60K point, the point where a majority of options contracts would…

The British Colombia Security Exchange found David Smillie, ezBtc’s founder illegally using customer funds for his personal use, resulting in a significant loss in customer assets. The Canadian cryptocurrency exchange fraud at ezBtc and its founder committed fraud against its customers by using 13 million Canadian dollars (9.5M USD) of their crypto investments for their personal use, spending them on gambling. The BCSC, a security regulator in Canada found that the ezBtc exchange was illegally spending investors’ money for their purposes. In around September 2019, the exchange went offline and was completely shut in 2022, however, the owner claims that…

Bitcoin takes the start of a new weak with the opening price above $60K, but in the early hours of trade on Monday, a major sell-off dragged the token to trade around $58K, witnessing a drop of almost 4.3% in the past 24 hours. Despite the Bitcoin price drop, a drop in the Bitcoin ETF was also recorded on Friday. The asset shed almost $89 million through a sell-off, while the Ethereum ETF saw a $15.7 million outflow, according to market data. Solana bleeds the most in the meme community, recording a price drop of 8% while Doge sees a…

Ethereum gas fee has hit their lowest in two years, with base fees ranging between 0. It was priced at 8 gwei after the Dencun upgrade. Ethereum gas fee are what the users use while performing any transaction on the network, which serves to also shield the network from spam. The base gas fee is the lowest amount of gas fee a user must be willing to pay to make the transaction accepted. In order to perform transactions faster, users are free to pay additional fees so that their transactions can be included in the next block. In the second…

Bloomberg analyst James Seyffart told his audience in an X post that something big is going to happen in the development of Bitcoin ETF options. He highlighted Cboe Global Markets, which withdrew its application for options on BTC ETF which felt confusing to the investors, but in the meantime, the firm placed an updated application. In the follow-up post, he noted three other exchanges, Miami International Securities Exchange, BOX Exchange, and MIAX Pearl who willingly withdrew their application to list spot Bitcoin ETF options.  In his view, the important filings are those from the exchanges that list ETFs – Nasdaq,…

Ripple Labs faces a $125 million penalty after a New York federal judge’s ruling on XRP sales. The decision includes an injunction to prevent future violations but marks ripple partial win. Despite the fine, XRP’s recent price surge might offset the impact, and Ripple’s ongoing legal battles with the SEC continue. On August 7, Judge Analisa Torres from the Southern District of New York ruled that Ripple must pay $125 million after it was found to have violated securities laws in 1,278 institutional sale transactions. This penalty is much lower than the $1 billion in disgorgement and interest, plus $900…

Cumberland bold investment strategy as they inject $95 million into the crypto market amid recent fluctuations. Learn how this significant move aligns with their broader approach to market opportunities and their impact on the crypto landscape. Since 2023, the giant has invested almost $6.28 billion in the crypto market. Blockchain analysis firm Lookonchain announced on August 7, that the firm has received $95 million of Tether from the stablecoin issuer’s treasury. After getting the huge amount, Cumberland distributed USDT to Coinbase, Kraken, and OKX. Cumberland, a part of the trading firm DRW, takes advantage of market changes. On June 17,…

Dogecoin price recovery of 15% is accompanied by a surge in network activity, with increased transactions, fees, and active addresses signaling higher market participation. Currently, DOGE has risen by 15% in the last 24 hours with its value standing at $0.09766 At this time, the number of transactions has increased by 119 % and reached 16. As can be seen from the data from IntoTheBlock, whales and institutional players are still trading, which indicates that there is optimistic news within the market. Furthermore, the total fees within the Dogecoin network have skyrocketed at one point. The same on-chain source revealed…

To overcome the increasing cybercrime and money laundering through crypto assets, the United States proposed a bill to enhance the powers of secret service agencies to investigate crimes involving digital assets. The steps taken to stop financial institution fraud, unlicensed money-transmitting enterprises, and structured transitions in the country. To stop the illegal transfer of money and the use of crypto by criminals, the Combating Money Laundering in Cybercrime Act of 2024 is proposed. Senator Masto emphasized the serious threat to national security from funding illegal activities with digital assets. The bill requires a Government Accountability Report (GAR) within a year…

The dog-themed cryptocurrency Shiba Inu (SHIB) has shown a “death cross” on its short-term charts, signaling a bearish trend as its price keeps falling for the seventh day in a row. So, what’s the next move for Shiba Inu in upcoming days. Shiba Inu’s price has been dropping steadily for seven days since July 27. This ongoing sell-off has caught the market’s attention. A “death cross” happens when a short-term moving average falls below a long-term one, often signaling a downtrend. For Shiba Inu, this pattern has appeared on the four-hour chart, with the 50-period moving average crossing below the…