The Australian Transaction Reports and Analysis Centre (AUSTRAC) is ramping up its efforts to regulate Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) practices among cryptocurrency ATM providers. As of December 6, 2023, the agency has become increasingly concerned with the misuse of crypto ATMs for illegal activities such as money laundering. This scrutiny arises amid revelations
Semilore Faleti, a name resonating through the corridors of cryptocurrency journalism, has carved a niche for himself in an industry that can often seem complex and intimidating to many. His journey began in a more general writing landscape, exploring a variety of subjects before he fell into the captivating world of digital currencies—a realm characterized
On December 9, 2024, Cardano, a leading player in the cryptocurrency realm, faced a crisis fueled by misinformation. While it was announced that trading for its native token, ADA, would cease on all platforms, this communication stemmed from a hack rather than any legitimate decision made by the Cardano Foundation. Incidents like this highlight the
Bitcoin has recently struggled to maintain its position above the psychologically significant $100,000 mark, inciting a wave of concerns among investors that its prolonged bull run may be nearing its conclusion. However, these apprehensions may be unwarranted, as the cryptocurrency has exhibited resilience despite some fluctuations. Currently, Bitcoin is resting near this critical resistance level,
In the ever-evolving landscape of cryptocurrency regulation, the recent moves by Tyler Winklevoss, co-founder of the Gemini crypto exchange, signal a significant shift in how industry players are willing to respond to perceived injustices. By announcing that Gemini will mirror Coinbase’s decision to sever connections with law firms that employ former officials of the U.S.
The upcoming decision by the U.S. Senate Banking Committee regarding the renomination of Caroline Crenshaw as a commissioner of the Securities and Exchange Commission (SEC) elicits significant attention across the financial and crypto communities. With her clear stance against cryptocurrencies, particularly demonstrated through her opposition to spot Bitcoin exchange-traded funds (ETFs), Crenshaw’s future role at
Ethereum, the leading altcoin, continues to grapple with the crucial $4,000 resistance level. Recent trends indicate a decline of about 3%, bringing its value down to approximately $3,850. This downturn, however, comes amidst cautious optimism among analysts who believe that Ethereum could soon reach new heights, largely due to a robust weekly closing performance. The
In the volatile world of cryptocurrency, few figures have garnered as much attention as Bitcoin. As the leading digital asset, Bitcoin’s price movements are closely monitored by investors, analysts, and enthusiasts alike. Recently, crypto analyst Tony Severino has positioned himself at the forefront of this discussion by predicting that the current Bitcoin bull run may
Coinbase, a leading cryptocurrency exchange, has recently found itself at the center of controversy regarding account restrictions imposed on its users. The company attributed these restrictions to a spike in fraudulent activities triggered by an increase in user activity following the US presidential election. In a December 8th post on social media platform X, Coinbase
As the month of December unfolds, many investors are contemplating the potential for Bitcoin (BTC) to shine as the year comes to a close. Traditionally, this period is marked by increased market activity and positive returns in both the cryptocurrency and equity markets. This article examines the factors that suggest December could be a favorable