A father-son duo from Maryland has been sentenced for their involvement in a dark web drug trafficking and Bitcoin money laundering scheme. Joseph Farace, 72, was sentenced to 19 months in federal prison, while his son, Ryan Farace, 38, was sentenced to 54 months in federal prison. Ryan Farace, a previously convicted felon, was involved…
Bitcoin has experienced a remarkable turnaround in 2023, surging 154% from the dismal end of 2022. This dramatic increase is attributed to several key factors, including growing institutional adoption and changes in monetary policy. Furthermore, the consensus that the U.S. will likely embrace exchange-traded funds (ETFs) based on the spot bitcoin price has instilled renewed…
The latest data from CryptoQuant shows that the amount of Bitcoin held on major centralized exchanges has reached a multi-week low, as investors continue to move their coins to long-term storage. This trend is driven by the rising price of Bitcoin and increasing anticipation of the potential approval of spot Bitcoin ETFs. According to CryptoQuant,…
As the approval of a Bitcoin ETF approaches, the Ark 21Shares Bitcoin Trust has made 16 significant updates to its S1 filing, detailing operational processes, financial responsibilities, and regulatory aspects in more explicit and detailed terms. Changes include specifying the Index price for the Bitcoin – U.S. Dollar trading pair, clarifying the role of Bitcoin…
Bitcoin SV, BitTorrent, and Internet Computer were the top performers in today’s cryptocurrency market, showing impressive gains. Bitcoin SV (BSV), a hard fork token from Bitcoin, experienced a 30% increase today and a remarkable 80% surge over the past week. This surge in value is mainly attributed to heightened trading activity from Korean traders, particularly…
The cryptocurrency market has seen a standout performer this year in Solana (SOL), which has surged by almost 1,000% in 2023. This has led to Solana becoming the fifth-most valuable cryptocurrency in the world and some analysts are even predicting that it could surpass Ethereum (ETH) in terms of market cap. What is particularly notable…
Are you considering investing in Bitcoin? If so, it’s important to understand the basics of crypto trading before diving in. While the cryptocurrency industry is relatively new, it has a rich history that can help inform your investment decisions. Learning about Bitcoin, the original cryptocurrency, can give you a strong foundation for navigating the world…
