A high-ranking Beijing official is heading to prison for his role in a major Bitcoin money laundering scheme. Eleven Years and a Fine Hao Gang, a former deputy director of the Beijing Financial Bureau, received an 11-year prison sentence and a $178,000 fine. A Beijing court handed down the verdict, concluding a case that began…
A New York judge has dealt a blow to Coinbase, refusing to dismiss a class-action lawsuit against the cryptocurrency exchange. The suit alleges Coinbase illegally sold unregistered securities. Judge’s Ruling Judge Paul Engelmayer of the Southern District of New York rejected Coinbase’s argument that it shouldn’t be held responsible. Coinbase claimed it wasn’t a “statutory…
Retail Investors are Hoarding Bitcoin Data shows that small-time Bitcoin investors (those holding 1 BTC or less) have been buying up Bitcoin like crazy over the past couple of months. They’re averaging over 10,000 BTC a day – a huge 72% jump from last year! This is a big deal, as small investors usually sell…
Bitcoin had a mini-recovery recently after a rough week. But is the bottom in? One analyst thinks maybe not. A Crypto Expert’s Take Crypto expert Ali Martinez looked at the data and shared some interesting insights. He used data from CryptoQuant to show that the average price of Bitcoin bought in the last 1-3 months…
Ethereum, often called the “king of altcoins,” hasn’t been performing as well as other major cryptocurrencies lately. This underperformance has left many ETH holders underwater. Let’s look at what the data is showing. How Much ETH is Making Money? Recently, on-chain analytics firm Santiment reported that a growing number of Ethereum tokens are currently trading…
Nigerian authorities recently busted a massive international cryptocurrency scam operation in Lagos, arresting 53 people. This is one of the biggest crackdowns on crypto fraud in West Africa this year. The Gang’s Big Operation The suspects, including 29 Chinese nationals and others from countries like the Philippines, Malaysia, Indonesia, and Pakistan, ran a sophisticated operation….
Ethereum ETFs See Huge Inflows Despite Price Drop The first week of February 2025 saw Ethereum spot ETFs rake in a whopping $420 million – double the amount flowing into Bitcoin ETFs. This happened even though Ethereum’s price took a 16.18% dive that week! SoSoValue’s data shows this was a significant difference, considering Bitcoin ETFs…
Burniske’s Take on the Current Crypto Correction Veteran crypto investor Chris Burniske thinks the recent Bitcoin (BTC) and crypto market downturn is just a temporary dip, similar to the one seen in April 2021. He tweeted to his hundreds of thousands of followers that the current situation mirrors the mid-cycle correction of 2021, where prices…
CryptoQuant’s CEO, Ki Young Ju, predicts a major future use for crypto: political tokenization. He believes the inherent characteristics of crypto make it a perfect fit for the political landscape. PoliFi: Crypto Meets Politics Ju argues that the narrative-driven nature of politics aligns perfectly with how crypto assets function. He points to the recent launch…
David Sacks, the White House’s crypto advisor, is optimistic about clearer rules for digital assets. He believes the government could establish these regulations within the next six months. Defining the Crypto Landscape Sacks emphasizes the importance of defining different types of digital assets. He points out the current confusion: some are currencies (like Bitcoin, currently…
