A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds. Meanwhile, an investigation into the Vancouver street address used by this company shows it is home to dozens of foreign currency dealers, money transfer businesses,…
Bitcoin supply profitability should form a focus for those seeking to avoid the return of the BTC bear market, CryptoQuant said. Bitcoin hodlers should start selling BTC “aggressively” once realized profits reach a key milestone, analysis says. In one of its Quicktake blog posts on Dec. 13, onchain analytics platform CryptoQuant told readers to watch the portion…
This marks the first criminal tax evasion prosecution centered solely on bitcoin. An Austin, Texas man, Frank Richard Ahlgren III, has been sentenced to two years in prison for filing false tax returns that underreported the capital gains from selling $3.7 million worth of bitcoin, the United States Department of Justice (DOJ) announced today. According to the…
Ethereum and Solana target new ATHs; Intel Markets’ 45x growth prospects and AI-DeFi narrative make it a solid crypto investment this winter. Table of Contents This cycle’s bull run might be one of the most explosive in recent years. Bitcoin (BTC) has already crossed $100,000, a new ATH, with altcoins gearing up for a breakout…
BEST Wallet token draws $3M+ in presale as its next-gen web3 wallet rivals MetaMask and Trust Wallet, fueling investor excitement. Table of Contents Best Wallet token (BEST) is attracting significant capital inflows amidst its presale, which has just cleared the $3 million total raised milestone. The project is building a next-generation web3 wallet equipped with a…
Ethereum powers smart contracts and decentralised apps. Tether offers unmatched stability, pegged to the US dollar. But then there’s Qubetics ($TICS), a rising star, blending efficiency with innovation to solve one of the biggest challenges in finance: cross-border payments. Whether you’re an experienced investor or just exploring the best crypto to buy now for long-term…
Japan is mulling new lightweight legislation for cryptocurrency intermediaries that are not crypto exchanges. Last week the Financial Services Agency (FSA) presented its ideas to the Financial System Council Working Group on Payment Services. Japan was home to the Mt Gox cryptocurrency exchange that was hacked in 2011 and 2014. As a result, the country…
With Bitcoin approaching $100,000 as we go to press, many of your clients may ask if they should add cryptocurrency to their portfolios. Some may be irked that they’ve been sitting on the sidelines for so long while cryptocurrencies such as Bitcoin have gained over 100% this year (over 30% since the presidential election) and about 1,100% over the…
Bitcoin on Wednesday climbed back above $95,000, recovering slightly from a pullback this week that knocked it from record levels. The price of the flagship cryptocurrency was last higher by 5% at $95,886.00, according to Coin Metrics, while ether jumped more than 7% to $3,555.82. The broader crypto market, as measured by the CoinDesk 20 index, gained 5%. Although bitcoin…
Bitcoin and crypto prices have crashed following their huge rally on the back of Donald Trump’s U.S. election victory (despite Elon Musk quietly confirming a crypto market game-changer). The bitcoin price has crashed toward $90,000 per bitcoin, down from almost $100,000 on Monday. The crypto price correction has wiped around $200 billion from the combined $3.2 trillion…
