Crypto Mixer Operator Found Guilty for Laundering $400 Million
Roman Sterlingov, the operator of the $400 million Bitcoin Fog crypto mixer, was convicted of money laundering and other related charges in the United States yesterday (Tuesday). The verdict came after a four-week-long trial. The 35-year-old is a citizen of Russia and Sweden and has now been convicted of multiple charges, including conspiracy to launder […]
Bitcoin Futures Basis Climbs To New Heights, What This Means For BTC
Bitcoin’s futures market is showcasing signs that have historically signalled bullish sentiment. Analysts are turning their attention to the Bitcoin futures basis—a metric representing the differential between the futures price of Bitcoin and its spot price. Recent data has revealed that this basis has escalated to unprecedented levels since Bitcoin’s all-time high of $69,000 in […]
MEXC Tiptoes on Thin Ice with Unlicensed Trading Platform
The Securities and Futures Commission (SFC) has issued a warning to the public regarding a purported virtual asset trading platform (VATP) operating under the name “MEXC.” The SFC’s caution comes amidst the active promotion of its services to Hong Kong investors, despite MEXC neither holding a license from the SFC nor initiating the process to […]
What On-Chain Analysis Tells Us
Shiba Inu (SHIB), a popular memecoin, has experienced a notable decline. It dropped nearly 20% over the past week and continued a 13% fall in just the past 24 hours. This downturn occurs amid a broader bearish trend across the crypto landscape. However, detailed on-chain analysis has uncovered specific factors contributing to SHIB’s sharp decline. […]
Binance’s $10 Billion Venture Capital Unit Goes Independent
The top cryptocurrency exchange Binance has spun off its venture capital arm, Binance Labs, with a valuation of $10 billion. This move, orchestrated under the leadership of the exchange’s new CEO, Richard Teng, marks a notable shift in the company’s operations. Previously integrated into the broader Binance Group, Binance Labs will operate as an independent […]
Bernstein Analysts Convinced Bitcoin Is Headed For $150,000, Here’s Why
Analysts from private wealth management firm, Bernstein have reaffirmed their previous Bitcoin prediction, emphasizing that the cryptocurrency has a greater chance to reach $150,000 by 2025. Bitcoin $150,000 Price Forecast Grows Stronger Bernstein analysts Gautam Chhugani and Mahika Sapra said in a note to clients on Monday that they were now more convinced of Bitcoin’s […]
US Senators Demand SEC Halt Crypto ETP Approvals Due to Disclosure Concerns
The Securities and Exchange Commission (SEC) is facing pressure from two Democratic Senators to halt the approval of new cryptocurrency exchange-traded products (ETPs) due to concerns about risks posed to retail investors. According to a letter written to the regulator on March 11, Senators Jack Reed and Laphonza Butler emphasized the dangers posed by inadequate […]