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Bitcoin [BTC], the world’s largest crypto , is currently on an intriguing journey. According to the analyst Michaël van de Poppe, the king coin is expected to see a notable rise. His Analysis reveals that Bitcoin is expected to maintain a price range of $45,000 to $50,000 as it enters a new phase. Bitcoin’s halving is a prominent event that is slated to occur in April 2024. It's expected to see #Bitcoin reach $45,000-50,000 pre-halving, after which we'll have a heavy correction back to $32,000-35,000 and consolidate from there. Cycles repeat themselves and #Bitcoin has been suffering a lot the past two years. — Michaël van de Poppe (@CryptoMichNL) November 9, 2023 The analyst also notes that the asset could also witness a correction. Bitcoin following its surge is expected to dip back down to the $32,000 to $35,000 zone. This forecast coincides with Bitcoin bidding farewell to its period of accumulation. It is reportedly venturing into the initi...

A previous period of gains in the crypto currency world saw Bitcoin (BTC) rise in value, which hasn’t gone unnoticed by investors and trading platforms alike, with news of Robinhood launch ing BTC and crypto trading in the EU and UK. The commission-free trading app enabling investors to trade stocks, options, popular crypto currencies, and ETFs has expanded its offerings in response to the increasing competition in the market. In the most recent expansion of its offerings, this company has decided to extend its services to EU and UK traders. As reported by Robinhood in their Q3 report on November 7. The report saw this trading platform’s shares dipping approximately 10% post-announcement, reflecting more cautious investor responses that may be the reasoning behind this future expansion into new markets to stave off drawbacks from the previous adverse events. Cryptocurrency Is the crypto rally overachieving? Insights from JPMorgan Cryptocur...

Federal law enforcement has significantly impacted the realm of crypto crime. U.S. Attorney Philip R. Sellinger recently disclosed the confiscation of $54 million worth of digital currencies. This was from the leader of a notorious drug ring in New Jersey, Christopher Castelluzzo. This revelation unveils the complex network of crypto transactions intertwined with the unlawful actions of Castelluzzo and his co-conspirators. The digital assets totaling $54 million were detected within wallets linked with Castelluzzo, who orchestrated a drug ring operational between 2010 and 2015. These funds were determined to be the profits generated from Castelluzzo’s illicit activities. This involved mail-order cocaine and designer DRUGS during that period. These operations, identified as ‘Skin Deep’, took place on darknet forums, with Bitcoin serving as the primary method of payment. Castelluzzo subsequently converted his Bitcoin holdings into other crypto , including Ethereum (...

The Shiba Inu network is setting its sights on a significant milestone in the world of crypto currencies: the eradication of a decimal point. In crypto lingo, “eliminating a zero” is the term used when a coin’s price increases tenfold, effectively shifting its decimal point to the right. While this journey may be lengthy, it is by no means unattainable, and the SHIB community is abuzz with anticipation. With Shiba Inu’s (SHIB) current price standing at $0.00000793, the community is optimistic about SHIB’s prospects for destroying another zero from its price point. To accomplish this feat and breach the $0.00001 level, SHIB would need to achieve a gain of roughly 25.5%. Notably, the last time SHIB traded above the $0.000001 mark was back in August, as per Binance’s data. Source Amidst this development, the SHIB market saw a recent decrease in trading volume. While some may find this worrisome, others interpret it as a positive signal. Reduced tra...

The crypto world is constantly evolving, with new projects and companies emerging to reshape the financial landscape. October 24th, 2023, witnessed several exciting funding rounds in the crypto space. Let’s dive into the details of these funding events, investors, and the innovative projects they are supporting. 1. Integral – Strategic Funding Overview: Date: October 24, 2023 Financing amount: Undisclosed Valuation: Undisclosed Category: Infrastructure/Web3 Subcategory: Accounting/Asset management About Integral – Strategic: Integral secured strategic investment from Coinbase Ventures and established a partnership with Coinbase. This collaboration aims to introduce next-generation accounting solutions for Coinbase Prime clients. These solutions cover assets held both inside and outside of Coinbase, marking a significant milestone for the company. Investor: Investor: Coinbase Ventures Type: Fund Location: United States of America Year Fo...

On October 24, the Spanish crypto FinTech startup Atani announced the successful closing of a $6 million investment round. The funding round has been spearheaded by Cometa, a venture capital fund based in Mexico, and has seen participation from JME Ventures, Conexo Ventures, and CDTI, as well as a group of knowledgeable business angels specializing in Web3, including Neil Cunha-Gomes, who serves as the Head of FinTech and Crypto for EMEA at Softbank as per the latest information shared with Finbold. Atani is the crypto currency broker where over 300,000 investors may buy and sell any crypto currency. Safely trade thousands of tokens on the best exchanges in the world, do in-depth market research, and keep track of their holdings with just one account. Established in 2019, and it already has regulatory license from the Bank of Spain, as a Virtual Assets Service Provider, services customers from over 200 countries, and handles over $1.5 billion in trade volume every month. With thi...

41% of respondents said they prefer not to hold virtual assets or cryptocurrencies — up 12 percentage points from an earlier study. Public attitude toward cryptocurrency in Hong Kong has taken a dive following the JPEX crypto exchange scandal, according to the initial findings of a new survey. The survey, conducted by The Hong Kong University of Science and Technology’s business school, was to understand how public attitudes toward virtual assets may have been impacted by the JPEX scandal . The survey was launched on Sept. 28, around 11 days after the allegations toward JPEX were made public, with its results compared against a similar survey conducted between April and May. While the survey period is set to end on Oct. 20, the results so far found that 41% of respondents would prefer not to hold virtual assets — up 12 percentage points from a study conducted in May. Only 20% of respondents now want to hold virtual assets in the future, down five percentage points from the earlier...

BC Technology says statements in Bloomberg’s article are ‘factually inaccurate and highly misleading.’ Hong Kong’s BC Technology Group Ltd. has denied recent reports saying that the company is exploring the sale of its licensed crypto platform OSL. In a recent Hong Kong stock exchange filing, the firm said that the “contents and statements” made in Bloomberg’s article are “factually inaccurate and highly misleading,” the South China Morning Post reports . In the article that surfaced on Oct. 16, Bloomberg said, referring to people familiar with the matter, that BC Technology Group had “gauged interest” in OSL from buyers at a HK$1 billion ($128 million) valuation. After the news broke, BC Technology’s shares dropped by over 34% to HK$2.8, according to data from Google Finance. You might also like: Russians and Ukrainians turn to Hong Kong to store money in crypto The news came amid reports that two ...

The Shiba Inu [SHIB] ecosystem has witnessed growing adoption, yet its price has remained stagnant. As September offered little volatility, expectations point to a potentially turbulent October. At press time, SHIB is trading at $0.000007254, experiencing a daily decline of 0.11%. Furthermore, the asset’s market capitalization has fallen to $4.27 billion. Consequently, this shift in market dynamics has enabled other assets, such as Chainlink [LINK], to surpass SHIB in terms of ranking. Evidently, the introduction of Shibarium did not have a favorable impact on the meme coin. Presently, approximately 89% of the asset’s holders find themselves in a loss position. A mere 9% of SHIB’s holders are seeing gains at the current asset price. Nonetheless, is October poised to be a favorable month for SHIB, and is there potential for the token’s price to surge from its current position? In this article, we will explore the potential trading range for Shiba Inu in October...

Conversations with key speakers at the Blockchain Expo Europe in Amsterdam suggest that cryptocurrency exchanges and companies see the continent as a key region for growth. Europe remains fertile ground for the cryptocurrency ecosystem to flourish in comparison to harsher regulatory environments, according to prominent speakers at this year’s Blockchain Expo in Amsterdam. Cointelegraph attended the convention held at the RAI conference center for the second year running, with the Blockchain Expo forming part of the larger Tech Expo event being hosted in the Netherlands. The event has typically attracted prominent mainstream industry players from the financial world to showcase how blockchain technology is being leveraged to power innovative new products and solutions across a myriad of industries. From finance, logistics, healthcare and marketing, blockchain technology and Web3 functionality continues to be a key growth area for different industry players. MiCA bodes well for institut...

Tecpetrol, an Argentinian oil company, has announced plans to launch a crypto mining facility powered by natural gas. The project will be in Los Toldos II Este region, north of Vaca Muerta in Argentine Patagonia. The mining facility will start operating in late October or early November. You might also like: Worldcoin breaks an all-time high user record in Argentina Tecpetrol has launch ed an initiative to convert excess gas produced during oil drilling into energy for crypto mining . The goal is to minimize environmental impact by avoiding gas emissions and flaring, which burns off gas that can’t be stored or transported easily. The project will help Tecpetrol optimize gas utilization, reduce waste, and improve crude oil production. Crypto mining will be used strategically to consume gas that would otherwise be wasted or burned. You might also like: Environmental lawyer weighs in on crypto mining and taxation proposal Follow Us on Google News Sou...

The ongoing drama between Ben Armstrong (aka BitBoy ) and his former team at Hit Network continues to devolve. Incredible claims have been leveled against both sides and now Armstrong has been arrested in Duluth, Georgia. The influencer claims to have lost everything and had previously reached out to his audience to garner thousands of dollars in donations. His next move was to livestream himself driving to the home of the individual in possession of the Hit Network company Lamborghini that had been confiscated from him. He was subsequently arrested for arrested for “loitering/prowling” and for “simple assault by placing another in fear.” He was released “after eight hours in the slammer” on a $2,600 bond. Troubling details As the stream unfolded, it became increasingly evident that there was someone there with Armstrong, namely a woman he was having an affair with. It was also revealed that he had a loaded firearm in his backseat — il Le...

Cryptocurrency exchange Bybit has unveiled its plans to suspend services for UK residents. This decision, outlined in a press release on September 22, will be executed in two phases. It will start with the cessation of new account applications on October 1. Subsequently, on October 8, the platform will halt new deposits, new contracts, and changes to existing user positions. Bybit ’s timeline for service suspension aligns precisely with the FCA’s deadline for crypto asset firms operating in the UK. Additionally, the FCA’s regulatory efforts are geared towards establishing marketing regulations that are “clear, fair, and not misleading.” Also read: Ethereum Has Been Disappointing Since Shanghai Upgrade: JPMorgan Initially announced in June, these rules have garnered heightened attention, with the FCA issuing an additional warning on September 21. The rules emphasize the October 8 deadline and the potential for criminal charges against non-complian...

Phillip Gillespie, former co-CEO of crypto trading firm B2C2, is caught up in allegations involving drug use and inappropriate relations with a young intern.  The claims against Gillespie emerged as part of a lawsuit filed in New Jersey by Bradley Nagela, the firm’s global head of options trading. The 19-year old intern, reached by Bloomberg News, said she was “grateful” for the opportunity to work at B2C2. She said allegations in the lawsuit about her were not true. 3/ pic.twitter.com/37gNXpib2d — Yueqi Yang (@Yueqi_Yang) September 20, 2023 Gillespie is accused of excessive substance consumption and freely distributing illicit drugs, including cocaine, to attendees of a Bitcoin conference last year. These allegations were brought to light by Nagela, who argued he was terminated from his position as a retaliatory measure for voicing concerns about Gillespie’s actions. Gillespie, who relinquished his role as CEO of B2C2 last November, has dismissed these alleg...

Blockchain Capital secures a record $580 million in new funding to invest in emerging and later-stage crypto initiatives, focusing on decentralized finance, gaming, and blockchain infrastructure. The freshly obtained investment will be channeled towards budding and innovative startups specializing in diverse crypto sectors. This includes the trending decentralized finance (DeFi), crypto gaming , and the foundational infrastructure of these domains. We're thrilled to share the closing of 2 new funds – our 6th early stage fund and 1st opportunity fund. Together, they total $580 million and serve to reinforce our commitment to leading the global transition to decentralized, blockchain-based systems. ↓https://t.co/Vr2uYnGlF7 — Blockchain Capital (@blockchaincap) September 18, 2023 The San Francisco-based VC firm secured its funding through two novel funds. The firm’s portfolio, already boasting $2 billion in managed assets, is set to diversify even further.  D...

Senator Elizabeth Warren’s bipartisan crypto anti-money laundering bill has gained backing from 9 more senators, including notable committee chairs. According to the press release on Warren’s official webpage on Sept. 15, the bill has won the support of key political figures such as the chair of homeland security, Gary Peters, and judiciary chair, Dick Durbin, alongside senator s Tina Smith, Angus King, Michael Bennet, Bob Casey, Catherine Cortez Masto, Jeanne Shaheen, and Richard Blumenthal. This development takes the total count of senators backing the bill to twelve, with senator Roger Marshall leading as the co-sponsor. Senators Joe Manchin and Lindsey Graham are also among the lawmakers supporting this initiative. Warren expressed her gratitude towards the growing group of support ers, noting: “The increasing support indicates that the Congress is prepared to act. Our cross-party bill is currently the sternest proposal, aiming to curb the unlawful use of cr...

India’s Minister of Finance, Nirmala Sitharaman, said that all countries must unite for better worldwide crypto regulation . Speaking at the Global Fintech Fest 2023, Sitharaman added that there should be a global regulatory framework “for handling issues related to crypto assets.”  According to The Free Press Journal, the finance minister stressed the importance of the country’s Income Tax Return (ITR), claiming that some tax categories have risen by a minimum of three times in terms of tax filings. You might also like: Seoul to target North Korea’s illicit crypto assets with a new cyber bill Sitharaman added that technology is one of the essential tools for positive change. “I want [the] banking system, the financial ecosystem [including] the mutual funds, stock markets… everybody to keep in mind that when someone deals with his (customer’s) money, the organizations will have to think about the future and ensure that they (customers) nominate...

While the global crypto market is rallying towards a $1.1 trillion cap following Grayscale’s SEC win, FLEX, HEX, and others report substantial losses. The global crypto market took a U-turn since the announcement of Grayscale’s win against the U.S. Securities and Exchange Commission (SEC) on Aug. 29. Despite the bullish market momentum, some crypto assets have still registered notable declines over the past 30 days. According to data provided by CoinMarketCap (CMC), the recent market-wide hike came after two weeks of a deep bear market. Per CMC the global crypto market capitalization is approaching the $1.1 trillion mark. Here are the top five losers of August 2023: Top 5 losers in August 2023 | Source: CoinMarketCap FLEX leads the top losers ’ list despite its good performance over the past month. The asset consolidated between $5 and $7 for almost the whole month but witnessed a deep dive on Aug. 29.  You might also like: Top 10 crypto in August 2023: SEI toke...