Global #cryptocurrency

John Bigatton, a resident of Carss Park, New South Wales, has pleaded guilty to a charge of providing unlicensed financial services in the Sydney District Court on Thursday. The charge stems from his involvement in promoting BitConnect, a now-defunct cryptocurrency platform known for its high-yield investment program (HYIP).

The institutional interest in Bitcoin (BTC) has reached unprecedented levels, as indicated by the latest 13F filings submitted by major financial institutions to the United States Securities and Exchange Commission (SEC).

Over the past six months, investors who purchased the latest cryptocurrency listings on Binance, the leading cryptocurrency exchange, have experienced a collective decline of over 18%.

In the past 24 hours, Bitcoin has continued its recent upward trend, reaching its highest price in over a month at just over $67,400. Ethereum has also joined the rally, breaking through the significant resistance level of $3,000 and surging above $3,100.

An Australian man has admitted to participating in promoting cryptocurrency lending services for the now-defunct crypto exchange BitConnect, which gained notoriety as an alleged Ponzi scheme and ceased operations in 2018 amid accusations of defrauding victims of over $2.4 billion.

Competition for the title of the fastest blockchain transaction processing speeds is intensifying, with Solana (SOL) emerging as a frontrunner according to a recent report by crypto data aggregator CoinGecko.

Several prominent cryptocurrency analysts have recently expressed bullish sentiments regarding Ethereum ($ETH), the second-largest cryptocurrency by market capitalization.

In a remarkably short span of five minutes, a cryptocurrency trader transformed a mere 9 Solana ($SOL) tokens, valued at approximately $1,470, into 1,238 SOL worth over $200,000, marking an extraordinary gain of 137x.

Bitcoin prices entered a bullish phase following a surge in inflows into spot Bitcoin ETFs and a 7% uptick in price over the last 24 hours.

Throughout human history, gambling has been a ubiquitous activity, dating back to the Paleolithic era and persisting in every major civilization and society since.

India's securities regulator has proposed that oversight of cryptocurrency trading should be divided among multiple authorities, according to a Reuters report.

Bithumb, a prominent cryptocurrency exchange in South Korea, revealed its intentions to introduce Bonk (BONK) and Zeta Chain (ZETA) to the Korean won market commencing May 16, 2024.