Author Alexander Stefanov

The Swedish Police Authority and the Financial Intelligence Unit (FIU) have labeled cryptocurrency exchanges as “professional money launderers (PML)” after evaluating services from unlicensed operators.

Bitcoin (BTC) is approaching its August 25 peak of $65,200, a key resistance level that may lead to prolonged consolidation, according to the latest Bitfinex Alpha report.

Caroline Ellison, the ex-CEO of Alameda Research, is scheduled for sentencing in a Manhattan federal court tomorrow.

The cryptocurrency market is on high alert as SEC Chair Gary Gensler prepares to testify before Congress this week.

Analysts suggest that Bitcoin and the broader cryptocurrency markets might be on the verge of a significant breakout if past cycles hold true.

On Monday, Ark Invest sold 44,609 shares of its spot Bitcoin exchange traded fund ARKB worth $2.8 million from its ETF Next Generation Internet (ARKW).

As the year ends, developments are emerging from the fallout of the FTX collapse, which was previously led by Sam Bankman-Fried.

After the SEC approved options trading for BlackRock’s Bitcoin ETF, discussions about Bitcoin yields reignited.

According to Matt Hougan, Chief Investment Officer at Bitwise, while widespread allocations of Bitcoin in client portfolios are still on the horizon, more financial advisors are now investing in cryptocurrency within their own personal portfolios.

The Celestia Foundation has secured $100 million in new funding, according to an official announcement.