Binance, the cryptocurrency exchange, has had an interim proprietary injunction set aside by the United Kingdom high court. The injunction was issued after a victim of cryptocurrency fraud claimed to have traced the stolen funds to accounts held with Binance. The claimant had sought the preservation of a certain amount of cryptocurrency, but Binance argued
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Bitcoin (BTC) could be on the verge of significant gains, as a well-known trader has identified a rare bull signal on the Bollinger Bands indicator on the Bitcoin monthly chart. The Bollinger Bands indicator is a key volatility indicator that revolves around a 20-period simple moving average (SMA) functioning as a midline, with two standard
Bitcoin’s price has decreased today, causing traders to become frustrated and market sentiment to suffer as a result of ongoing congestion. According to Cointelegraph Markets Pro and TradingView, Bitcoin is trading below $28,000 as of May 8th. The largest cryptocurrency is still experiencing a dip in sentiment due to transaction fees reaching their highest levels
Bolivia has passed a law that allows the government to sell up to 50% of its gold reserves in dollars, as a measure to ease the internal scarcity of dollars. The law gives the government the authority to negotiate the sale of 22 tons of gold out of the almost 44 available in the local
US-based crypto exchange Coinbase is exploring the possibility of using the United Arab Emirates (UAE) as its hub for international services in the Middle East and surrounding regions. Coinbase’s VP of International & Business Development, Nana Murugesan, said in a tweet that the country has the potential to be a strategic hub for the exchange
The US banking industry has faced chaos in recent months after the second, third, and fourth-largest bank failures in the country’s history. Despite this, Fed chairman Jerome Powell has stated that the US banking system is “sound and resilient.” However, financial expert Greg Foss believes that Powell is a “horrible poker player” and that there
Over the weekend, Bitcoin (BTC) experienced fresh volatility in trading as low-liquidity testing put its trading range to the test. According to data from Cointelegraph Markets Pro and TradingView, BTC/USD lost over $1,000, or 3%, in just a matter of hours on May 6. While it saw more active conditions typical of weekend trading, it
Intelion Data Systems, a major Russian importer and distributor of mining hardware, has reported that the Russian Federation has the potential to increase its leadership in the field of crypto mining. As countries such as the United States, Canada, and China begin to toughen policies towards the industry, there may be a major migration of
Billionaire Bill Ackman, CEO of Pershing Square Capital Management, has voiced concerns over the US regional banking system and warned that time is running out for the government to fix the banking system. Ackman has pointed the finger at the Federal Deposit Insurance Corporation (FDIC), blaming the agency’s “failure” to update and expand its insurance
Nomba, a Nigerian fintech startup, has successfully raised $30 million in a pre-Series B funding round. The equity round was led by San Francisco-based Base10 Partners and saw participation from Helios Digital Ventures, Shopify, Partech, and Khosla Ventures. The startup, formerly known as Kudi, plans to use the investment to develop a payments solution that