UK’s Crown Prosecution Service Announces First Case Involving Monero Conversion

July 15, 2024 Bitcoin.com

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Jack Finney has been ordered to forfeit gains from selling a toxic substance marketed as a weight loss drug. The order includes proceeds in monero cryptocurrency and other assets. “This is the first case where we have converted Monero currency into cash,” said Adrian Foster, Chief Crown Prosecutor in the Crown Prosecution Service. British Man […]

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Privacy Coin Monero Tops Payments at European Online Retailer Shopinbit in June

July 14, 2024 Bitcoin.com

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According to Shopinbit, a European online retailer that accepts cryptocurrency for transactions, monero (XMR) was the favored payment method in June. Shopinbit reported that XMR accounted for over 74% of all payments during that period. European Retailer Shopinbit Sees Monero Payments Skyrocket in June The European online retailer, which offers over a million products, shared […]

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Stack Duo Gains Tor Support for Monero and Bitcoin

July 1, 2024 Bitcoin.com

Bitcoin

Stack Wallet, a cryptocurrency wallet supporting a wide range of digital assets, and its sibling Stack Duo, a focused wallet exclusively for monero and bitcoin, have announced a significant update. In the latest release of Stack Duo v1.2.0, Tor support has been added for both Monero and Bitcoin, including .onion addresses, enhancing privacy and security […]

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Bitcoin price recovery to $62.5K could trigger breakout in TON, AVAX, KAS and XMR

June 30, 2024 Coin Telegraph

Bitcoin price recovery to .5K could trigger breakout in TON, AVAX, KAS and XMR

Avalanche

Bitcoin’s recent weakness has pulled several altcoins lower, but TON, AVAX, KAS and XMR look set to move higher.

Bitcoin (BTC) fell below $60,000 during the week, but lower levels attracted buyers who are trying to start a recovery. Bitcoin remains stuck inside the $56,552 to $73,777 range, indicating a tussle between the bulls and the bears. It is difficult to predict the direction of the breakout with certainty. Hence, traders may either trade the range or wait for the breakout to happen before establishing large bets.

Investors are divided about Bitcoin’s future price action. Former PayPal CEO Peter Thiel believes that Bitcoin does not have much room to run on the upside. While speaking to CNBC, Thiel said that Bitcoin’s price may rise a little, “but it’s going to be a volatile, bumpy ride.”

In contrast, popular trader BitQuant is bullish on Bitcoin. He said in a post on X that his Bitcoin model points to a target objective of $95,000 every time he runs it.

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Bitcoin’s price won’t ‘dramatically’ increase from here, says billionaire

June 29, 2024 Coin Telegraph

Coin Telegraph

Peter Thiel also believes that Bitcoin’s original vision as a cypherpunk, crypto-anarchist, freedom tool hasn’t been fulfilled.

Former PayPal CEO Peter Thiel has raised doubts that Bitcoin’s (BTC) future price can increase “dramatically” from current price levels.

The billionaire — who still owns “some” Bitcoin but not as much as he “should have” — isn’t sure where the next batch of buyers will come from now that Bitcoin has had its “ETF edition.”

“I'm not sure it's going to go up that dramatically from here. We got the ETF edition and I don't know who else buys it,” Thiel, a founder at the Founders Fund told CNBC on June 28.

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Florida Man Convicted for Violent Kidnapping, Assault and Crypto-Stealing Scheme

June 28, 2024 The Daily Hodl

Bitcoin

A 24-year-old man from Florida has been convicted of running a crypto-stealing scheme that also included kidnapping and assault. In a new press release, the U.S. Department of Justice (DOJ) says that Remy St. Felix, from West Palm Beach, was the mastermind of a burglary crew that targeted crypto owners from September 2022 to July […]

The post Florida Man Convicted for Violent Kidnapping, Assault and Crypto-Stealing Scheme appeared first on The Daily Hodl.

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Mexican Drug Cartels Use Bitcoin, Ethereum, Monero and USDT To Acquire Key Fentanyl Ingredients: US Regulators

June 21, 2024 The Daily Hodl

Altcoins

Drug cartels in Mexico used Bitcoin (BTC), Ethereum (ETH) and other top crypto assets to purchase key ingredients for making the lethal synthetic opioid fentanyl, according to a new report from a US regulator. The Financial Crimes Enforcement Network (FinCEN) says cartels purchase fentanyl precursor chemicals, pill presses, die molds and other manufacturing equipment from […]

The post Mexican Drug Cartels Use Bitcoin, Ethereum, Monero and USDT To Acquire Key Fentanyl Ingredients: US Regulators appeared first on The Daily Hodl.

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

ETH, TON, UNI, and XMR could rally if Bitcoin clears $68,000

June 16, 2024 Coin Telegraph

Bitcoin

Bitcoin price needs to rise above $68,000 to sustain buying in ETH, TON, UNI, and XMR.

Bitcoin (BTC) is down more than 4% this week, signaling that the bears are active near $70,000. However, Bitcoin investors seem to be viewing the dips as a buying opportunity. Market intelligence firm Santiment said in a post on X that Bitcoin’s dip to $66,600 saw a surge in buying while selling interest remained dormant.

Even as Bitcoin is trying to find a short-term bottom, Ether (ETH) is attempting a rebound off its recent drop below $3,400 on June 14. The solid demand at lower levels could be due to the expected launch of the spot Ether exchange-traded funds (ETFs). Bloomberg ETF analyst Eric Balchunas anticipates Ether ETFs to start trading as early as July 2.

Bitcoin’s recent weakness has increased selling pressure in several altcoins, which have dropped near or below their immediate support levels. However, if Bitcoin manages to stage a comeback, select altcoins are likely to witness solid buying at lower levels.

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Privacy Coin XMR Rebounds After Mid-April Low Climbing 37% in 30 Days

June 10, 2024 Bitcoin.com

bitcoin.com

The privacy coin monero (XMR) has experienced a 7.7% increase in the last 24 hours and a 16.5% rise over the past week. Monero Trading Volume Doubles in 24 Hours After a prolonged decline and hitting a significant low in mid-April, monero (XMR) has recovered in value. For instance, on April 13, XMR was trading […]

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

BNB, AR, XMR, and TIA set to rally — Will Bitcoin’s $70K breakout be the trigger?

June 2, 2024 Coin Telegraph

<div>BNB, AR, XMR, and TIA set to rally — Will Bitcoin's K breakout be the trigger?</div>

Arweave

Bitcoin price action could remain sideways for longer, but BNB, AR, XMR, and TIA may see some short-term gains.

Bitcoin (BTC) is facing resistance above the psychological barrier at $70,000, but a positive sign is that the bulls have not ceded much ground to the bears. Bitcoin is down marginally by just under one percent this week.

Bitcoin’s range-bound action over the past few days has not hampered investments into the spot Bitcoin exchange-traded funds. Farside Investors data shows more than $2.1 billion in net inflows into the Bitcoin ETFs since May 14. This suggests that the investors are accumulating Bitcoin, anticipating a breakout to the upside.

Veteran trader Peter Brandt is bullish on Bitcoin in relation to gold in the long term. In a post on X, Brandt said that the ratio of gold to Bitcoin is likely to remain volatile for another 12-18 months, but after that, the rally could hit a new high where 100 ounces of gold is needed to buy one Bitcoin. Currently, each Bitcoin is worth about 29 ounces of gold.

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