Bitcoin Price Prediction During the Asian session, Bitcoin (BTC/USD) trades at $57,520, reflecting a 1.25% decrease. This movement is positioned below the pivotal $59,328 mark and suggests a cautious, bearish outlook for the cryptocurrency. This price prediction hinges on key resistance

The UK’s financial watchdog dedicated nearly a third (30%) of its financial crime specialists to overseeing crypto asset businesses in 2023, according to a report released on May 1. The Financial Conduct Authority (FCA) said it conducted risk assessments across various

Bitcoin mining firm Riot Platforms has announced a remarkable net income of $211.8 million for the first quarter of 2024, a staggering 1,000% increase compared to the same period last year.  However, despite this impressive performance, Riot Platforms fell short of

The TOKEN2049 conference in Dubai saw numerous builders, traders, investors, and curious TradFi folks in attendance. What’s more, many renowned and wealthy locals were there, eager to learn about and invest in crypto. Cryptonews was there for the second day as well,

Crypto-related phishing attacks have become “rampant” in South Korea, a report has claimed, with a top financial regulator set to act. Per Namdo Ilbo, the Financial Supervisory Service (FSS) will team up with the nation’s biggest crypto exchanges to create promotional

Two bipartisan U.S. lawmakers, Representatives Drew Ferguson and Wiley Nickel, have proposed the Providing Tax Clarity for Digital Assets Act to address taxation issues related to block rewards earned by crypto miners.  The bill aims to clarify the tax treatment of

Federal prosecutors have launched an investigation into Block, the financial technology company co-founded by Twitter’s Jack Dorsey. The investigation focuses on alleged compliance lapses at its central units, Square and Cash App.  Sources with direct knowledge of the matter revealed that

Tether Holdings, the issuer of the world’s largest stablecoin, Tether (USDT), has reported a record net profit of $4.52 billion in the first quarter of 2024, marking a significant achievement for the company. According to the report, the substantial profit was primarily

Hong Kong’s ZA Bank, a unit of China’s ZhongAn Online P&C Insurance, is reportedly exploring ways to offer virtual asset-related services after new regulations for digital assets launch in June. To establish itself as a crypto hub, Hong Kong implemented a

The spot Bitcoin exchange-traded funds (ETFs) in the United States have witnessed record net outflows, with BlackRock’s iShares Bitcoin Trust (IBIT) experiencing its first-ever day of outflows.  On May 1, BlackRock’s Bitcoin fund saw $36.9 million flow out, according to data from Farside Investors.  In addition, nine other Bitcoin ETFs collectively