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Biggest Movers: BNB Rebounds From 1-Year Low, SHIB Surges Higher – Market Updates Bitcoin News

August 23, 2023

BNB was one of Wednesday’s biggest movers, as the token rebounded from a recent one-year low. The price decline came as crypto exchange Binance came under scrutiny for allegedly assisting sanctioned Russian clients in moving funds abroad. Shiba inu also rose, following recent losses. BNB BNB, the native token of cryptocurrency exchange Binance, rose by as much as 4% on Wednesday, following…

Nigerian Crypto Trading Platform Unilaterally Converts User Funds to New Stablecoin — Move Sparks Exit Scam Fears – Africa Bitcoin News

August 23, 2023

A Nigerian crypto trading platform, Patricia, announced on Aug. 18 that it had converted users’ outstanding funds to its U.S.-backed stablecoin known as “Patricia Token.” Some social media users have slammed the crypto trading platform’s unilateral decision to…

SEC Charges Crypto Investment Adviser for Publishing Misleading 'Hypothetical Performance Projections' – Regulation Bitcoin News

August 23, 2023

The U.S. Securities and Exchange Commission (SEC) has charged Titan Global Capital Management for publishing misleading “hypothetical performance projections” regarding its crypto investment product. Titan Global is also accused of violating the marketing rule when it…

XRP Value Plunges 39% Post-SEC Verdict: XRP Army Remains Optimistic Amid Market Turbulence – Market Updates Bitcoin News

August 23, 2023

It’s been 40 days since the U.S. court issued a partial verdict in the SEC’s case against Ripple. In that timeframe, the digital currency XRP’s value has slumped by a significant 39.43%. Despite SEC’s Interlocutory Appeal and 39% Downturn, XRP Enthusiasts Hold out for a Rebound Recent statistics paint a tumultuous picture for XRP. Over the past week alone, its price dipped by 18.5%, and a…

US Court Hands 3-Year Jail Sentence to Man Accused of Conspiring to Defraud Crypto Holders – Regulation Bitcoin News

August 23, 2023

A U.S. court has sentenced a man accused of conspiring to defraud cryptocurrency owners to three years in prison. The court also ordered the man to pay $2,816,433 in restitution to 11 victims of his Subscriber Identity Module (SIM) swap fraud scheme. SIM Swap Fraud Scheme A…

Coinbase Acquires Equity Stake in Circle; Companies Reshape USDC's Future

August 23, 2023

In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally, Coinbase has acquired an…

Bitcoin, Ethereum Technical Analysis: BTC Falls Briefly Below $26,000, as Sentiment Remains Weak – Market Updates Bitcoin News

August 23, 2023

Bitcoin fell below the $26,000 level on Tuesday, as sentiment in the cryptocurrency market remained bearish. The latest drop comes despite price being oversold, following recent declines. As of writing, the global market cap is down 0.42%. Bitcoin Bitcoin dropped marginally below the $26,000 level during today’s session, as overall sentiment in the market remained bearish. BTC/USD fell to an…

Revolutionizing Crypto Trading: KyberSwap Introduces KyberAI - The Leading AI-Driven Crypto Trading Tool – Sponsored Bitcoin News

August 23, 2023

KyberSwap, a leading decentralized exchange has unveiled KyberAI, a suite of AI-powered crypto tools poised to reshape how traders navigate the dynamic landscape of decentralized finance. KyberAI was developed to address the pressing need for predictive insights in the…

The Enigmatic Rise of the $3 Billion BTC Whale — Tracing the Mysterious Path of Bitcoin's Third Largest Wallet – Bitcoin News

August 23, 2023

This week, various reports and social media discussions have centered around the third-largest bitcoin (BTC) wallet, a long-standing enigma that potentially maintains the same ownership despite changes in its address. Billion-Dollar Mysteries: The Cryptic Evolution of…

Binance Plans to Halt EUR Withdrawals via SEPA Amid Third-Party Payment Challenges – Bitcoin News

August 22, 2023

Numerous sources have indicated that Binance, the largest crypto exchange by global trading volume, has temporarily halted EUR withdrawals and deposits through SEPA due to challenges with a third-party payment facilitator. However, a post published by Binance’s customer support team at 12:21 p.m. (ET) on Monday notes the service will officially halt on September 25, 2023. Binance to Suspend EUR…