Innocent people and businesses have reportedly been caught in the crossfire as Thai banks froze millions of accounts suspected to be “mules” for scammers over the weekend. The nationwide crackdown began in August, and weekend reports suggest that banks have frozen three million accounts and imposed daily transfer limits on all bank customers in the…
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United States President Donald Trump has filed an appeal in the case involving Federal Reserve Governor Lisa Cook ahead of a key interest rate decision by the central bank this week. Lawyers representing the Department of Justice on behalf of the president have appealed against a preliminary injunction issued by the district court on Sept.…
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Bitcoin bull market indicators have turned predominantly bearish despite Bitcoin registering a slight recovery on Friday to $116,000, according to CryptoQuant. Eight out of ten of the CryptoQuant Bull Score Index indicators are flashing bearish for Bitcoin, and “Momentum is clearly cooling,” CryptoQuant analyst JA Maartun said on Thursday. The blockchain analytics platform’s bull score…
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Cboe Global Markets plans to launch “continuous futures” contracts for Bitcoin and Ether, bringing a popular trading product from decentralized finance onto US markets. Cboe Global Markets, a derivatives exchange under the Chicago Board Options Exchange, said on Tuesday that it will launch the product on Nov. 10, pending regulatory review. The continuous futures in…
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Bitcoin whales have sold a whopping $12.7 billion in Bitcoin over the past month, and continued sales could further pressure its price for the next few weeks, according to analysts. “The trend of reducing exposure by major Bitcoin network players continues to intensify, reaching the largest coin distribution this year,” observed CryptoQuant analyst ‘caueconomy’ on…
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A Securities and Exchange Commission investigation into missing text messages from former chair Gary Gensler’s phone between October 2022 and September 2023 has concluded that “avoidable errors” led to their loss. The SEC Office of Inspector General (OIG) investigated how nearly a year’s worth of text messages from Gary Gensler were permanently lost between October…
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The price of gold hit an all-time high after US President Donald Trump commented on inflation on his social media platform, but Bitcoin was moving in the opposite direction on Monday, in what could be seen as an example of Bitcoin’s “split personality.” Over the past two and a half years, there has been a…
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United States-based spot Bitcoin exchange-traded funds are now responsible for a significant share of daily spot trading as institutional investors have continued to warm up to crypto. “Bitcoin spot trading volumes through US-based ETFs have become a significant source of investor exposure to Bitcoin,” said Julio Moreno, head of research at blockchain analytics firm CryptoQuant,…
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Spot Ether exchange-traded funds are selling like hot cakes in the US, attracting more than ten times the inflows of their spot Bitcoin counterparts over the past five trading days. Since last Thursday, spot Ether ETFs have seen a whopping $1.83 billion in inflows, while Bitcoin funds took only a tenth of that with $171…
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Bitcoin’s market cycles are not anchored around its halving events as widely believed, according to analyst James Check, who says other factors drive bull and bear cycles. “In my opinion, Bitcoin has experienced three cycles, and they are not anchored around the halvings,” Check said on Wednesday, referring to the blockchain’s cutting of mining rewards…
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