Author name: Peter

Former Binance CEO CZ Seeks Dismissal of US Government’s Motion to Prevent Return Home

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CZ Opposes Government's Motion Former Binance CEO Changpeng Zhao (CZ) has filed an opposition to the U.S. government's motion for review of the judge's ruling on his presentencing travel restrictions. The government had charged Zhao with failing to maintain an effective anti-money laundering program and also filed a parallel Information against Binance for non-compliance with […]

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Bitcoin Technical Analysis: Bulls Eye $38K Amid Stiff Resistance

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Introduction On November 24, 2023, Bitcoin's price has shown a steady rise, reaching $37,903. The past 24 hours have seen BTC fluctuate between $36,972 and $38,078, with a trading volume of $17.41 billion. These numbers indicate strong market activity to close the week. Currently, Bitcoin's market capitalization stands at $737 billion. Optimistic Technical Indicators The

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Wallet of Satoshi Halts U.S. Operations: What You Need to Know

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Reasons Behind Wallet of Satoshi's Departure from the U.S. Last Friday, Wallet of Satoshi, a prominent provider of Lightning Network payment services, announced its decision to exit the U.S. market. While the company did not explicitly state the reasons behind this move, it informed its U.S. clientele that they could easily withdraw and transfer their

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ECB Chief Christine Lagarde Reveals Her Son’s Crypto Investment Despite Warnings

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Lagarde's Son Ignored Her Advice About Crypto Investing The president of the European Central Bank (ECB), Christine Lagarde, recently shared that her son went against her advice and invested in cryptocurrency. Lagarde revealed during a town hall with students in Frankfurt that her son experienced a loss of approximately 60% on his investment. Despite this

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Poloniex Hack Analysis: North Korean Hacking Syndicate Lazarus Group Suspected in Wallet Breach

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Introduction The recent breach of the hot wallet at Poloniex, a popular crypto exchange, is suspected to be the work of the Lazarus Group, a hacking syndicate backed by North Korea. This analysis is based on observations made by market research platform X-explore, which noted similarities between the tactics used in this attack and a

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Ethereum Technical Analysis: ETH’s Bullish Streak Meets Oscillator Caution

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Ethereum Price Action and Key Indicators Ethereum's price remains above the $2,000 threshold, with key indicators suggesting a mix of neutrality and bullish signals. The digital currency has experienced a recent upsurge, reflecting a growing bullish consensus among investors. However, some technical indicators are urging caution. Ethereum's price has stayed above the $2K zone, with

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Singapore High Court Orders Liquidation of Hodlnaut, Providing Reimbursements to 17,000 Customers

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The Singapore High Court has made a significant decision regarding Hodlnaut, a crypto lender, by ordering its liquidation. The court's objective is to ensure that the company's 17,000 customers are reimbursed following the aftermath of Terra's decline and Hodlnaut's subsequent $193 million deficit. Hodlnaut, a Crypto Lender, Faces a $193M Shortfall Hodlnaut encountered difficulties when

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XRP Technical Analysis: Market Navigates Rumor-Induced Volatility

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In the wake of recent market rumors about Blackrock's involvement with XRP, the cryptocurrency's price experienced significant volatility. Today, XRP stands at $0.654, reflecting a dynamic interplay of market forces and investor sentiment. XRP's Price Rollercoaster: Blackrock Rumors Stir Market Waves The 24-hour trading window saw XRP's price fluctuate between $0.643 and $0.731, demonstrating a

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The Bank of Ghana Cracks Down on Unauthorized Money Transfer Organizations

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Ghanaian Central Bank Identifies Unauthorized Money Transfer Organizations The Bank of Ghana (BOG) has identified eight money transfer organizations (MTOs) that are operating in Ghana's remittances and forex markets without its approval. In a notice issued on November 16, the central bank warned the public and regulated financial institutions against having dealings with these unauthorized

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