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Bitcoin’s BTC$70,483.40 price action is giving us a sense of déjà vu, and it’s not the good kind.If you look at the price swings since early February, a very specific, ominous pattern is forming that looks strikingly similar to the setup we saw between November and January. That set up eventually paved the way for a crushing sell-off to nearly $60,000.We are looking at what technical analysts often call a counter-trend recovery – a modest bounce within a downtrend.Here is the chart. Check out the two yellow channels.Bitcoin’s daily chart. (TradingView)The first yellow channel, on the left, shows price action…
A New Jersey woman is accused of draining nearly $90,000 from the bank accounts of half a dozen people. The Office of New Jersey Attorney General, Jennifer Davenport, says 46-year-old Ibelis Gonzalez used fake IDs to steal $86,840 from victims’ accounts. The New Jersey attorney general alleges that from May 14th, 2024, through June 10th, 2024, Gonzalez walked into multiple Citizens Bank branches throughout the state and showed fraudulent documents to get debit cards for the accounts of each of the six victims. Using the debit cards, she allegedly withdrew about $60,500 via in-person transactions and used ATMs to withdraw cash…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple on Thursday released findings from a global survey of more than 1,000 finance leaders, and concluded that the “digital asset revolution is happening now.” The study, conducted at the start of 2026 and spanning banks, asset managers, fintechs, and corporate treasuries, finds strong momentum behind crypto adoption with stablecoins and tokenization emerging as leading use cases. Ripple Finds Fintechs Driving Crypto Use According to Ripple, 72% of respondents believe finance leaders must offer a digital asset solution to remain competitive. Among specific applications, stablecoins drew the…
The U.S. federal regulator of prediction markets has secured a formal information-sharing arrangement with Major League Baseball in the Commodity Futures Trading Commission’s first such deal with a professional sports governing body, according to a Thursday statement.The “landmark” collaboration will allow the U.S. derivatives regulator to swap information with the organization that oversees professional baseball, even as the CFTC is still immersed in a legal debate with several U.S. state gaming regulators on who should have jurisdiction over bets on sporting events. The new memorandum of understanding will allow the federal agency to get a better handle on shielding the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Canada’s financial watchdog fined crypto platform Cryptomus $126 million last October after the company allegedly failed to flag suspicious transactions on 1,068 separate occasions in a single month. A month before that, crypto exchange KuCoin was handed a $14 million penalty for operating in Canada without registering as a foreign money services business. Those two cases now look like early warnings of what was coming. In the months since, the Financial Transactions and Reports Analysis Centre — better known as FINTRAC — has revoked 50 money services…
Bitcoin BTC$70,523.90 and the wider crypto market saw a notable price bounce on Friday after major economies announced joint efforts to boost oil supplies through the now-disrupted Strait of Hormuz.BTC, the largest cryptocurrency, jumped to $70,800, up more than 1% on the day, extending its recovery from overnight lows under $68,900, according to CoinDesk data. Other major coins, including ether (ETH), XRP (XRP), and solana (SOL), saw smaller gains of less than 1%, lagging behind bitcoin.West Texas Intermediate (WTI) crude fell nearly 2% to $93.80, alongside similar losses in Brent, after Britain, France, Germany, Italy, the Netherlands, and Japan said…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Korean right-wing lawmakers have proposed a bill to abolish the taxation of crypto assets scheduled to take effect on January 1, 2027. A Long Chain Of Regulation Delays According to Korean outlet Digital Asset, Korea’s main opposition party the People Power Party is advancing a plan that would effectively abolish the dedicated 20% “crypto tax” by merging virtual‑asset income into a unified financial investment tax framework, instead of enforcing a separate regime just for digital assets. The proposal comes after multiple postponements. Ruling and opposition parties…
Pi Network launches Algorithm Detection using AI and cryptography to track Pi coin origins and improve transparency in its Web3 ecosystem.Pi Network has introduced a new system called Algorithm Detection to improve transparency across its ecosystem. The update uses artificial intelligence and cryptographic analysis to track the origin of Pi coins. The move comes as blockchain platforms focus more on clear data and user trust, under the announcement titled “Pi Network Introduces Algorithm Detection to Enhance Transparency and Trust in Web3 Ecosystem.”New system tracks origin of Pi coinsPi Network confirmed that Algorithm Detection can identify how each Pi coin is…
Morgan Stanley wants its planned spot bitcoin BTC$70,784.76 ETF to trade under the ticker MSBT when it debuts.The investment bank disclosed the ticker in its latest filing with the U.S. Securities and Exchange Commission (SEC), amending its January application for the fund.The filing also revealed key fund details, which include a 10,000-share creation unit required to build the ETF, and a planned $1 million seed investment, or the initial money used to start the fund. The investment bank bought two shares early this month for audit purposes, it added.According to an earlier filing, BNY Mellon has been designated to handle…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Binance co-founder Changpeng “CZ” Zhao used an appearance at Blockchain Summit 2026 to push back sharply against what he described as a new wave of misleading mainstream coverage, arguing that recent reporting about his wealth and alleged links to Iran-related illicit finance rests on false premises and recycled hostility toward crypto. In the interview, Zhao said the issue is not simply tough press, but what he sees as a pattern of narratives built on claims that do not hold up. “Some of the things the media say…