Athena Bitcoin Global (OTC PINK:ABIT) (“Athena” or the “Company), a leading international operator of bitcoin ATMs and digital asset fintech solutions, today announced that Sam Nazarro, Chief Compliance Officer and Regulatory Counsel, will be a featured speaker at the upcoming CBC Summit 2024. The summit, a premier event for industry leaders, will take place on September 12th, 2024, at The National Press Club in Washington, D.C.

Sam Nazarro will bring his vast experience and insights to the panel discussion titled “The Future of Financial Crime,” scheduled from 1:00 PM to 1:45 PM. This session will provide a comprehensive exploration of the ever-evolving landscape of financial crime, focusing on the latest strategies and tactics used by criminals. Sam, alongside other distinguished panelists, will delve into how crypto analytics companies are collaborating with banks and regulators to combat current financial threats and anticipate emerging risks.

Sam Nazarro’s extensive career includes prominent roles at the Department of Justice (DOJ), where he served as Deputy Assistant Attorney General and Senior Counsel to the Assistant Attorney General in the Criminal Division. His leadership was pivotal in overseeing corporate criminal resolutions and managing investigations into FCPA and AML violations. In his current role at Athena Bitcoin, Sam leads global compliance operations, ensuring adherence to regulatory requirements across five countries and safeguarding the integrity of the cryptocurrency ecosystem.

“We are proud to have Sam Nazarro represent Athena Bitcoin at this prestigious event,” said Matias Goldenhörn, CEO of Athena Bitcoin. “His expertise and experience are invaluable assets to our company and the broader financial community.”

The CBC Summit is renowned for bringing together the brightest minds in compliance, financial regulation, and cryptocurrency. Attendees will have the opportunity to gain firsthand insights from industry leaders like Sam Nazarro on the future of financial crime and the critical role of compliance in the rapidly evolving crypto landscape.

Data from Cointelegraph Markets Pro and TradingView showed that BTC price action matched a two-week low of $57,900 on Bitstamp before rebounding.

BTC/USD came under pressure the day prior, with market participants attributing weakness to spot selling on largest global exchange Binance.

The exchange became involved in controversy involving funds by users in Palestine, with United States trading hours in particular seeing a pronounced spike in the sell-off.

Data from monitoring resource CoinGlass recorded a snap 45,000 BTC decrease in Binance’s BTC balance.

Michaël van de Poppe, founder and CEO of trading firm MNTrading, thus predicted a retreat to as low as $56,000, arguing that the loss of the $61,000 mark on lower timeframes was “crucial.”

More encouraging signs came from large-volume investors, with analytics platform Lookonchain highlighting a whale buy worth nearly $60 million.

At around $59,000, research Santiment noted previously, buying the dip was already “just fine” for the whale and shark hodler cohorts.

“Over the past month, wallets with 10-10K BTC have collectively accumulated 133.3K more coins while smaller traders continue to impatiently drop their holdings to them,” it revealed in part of a post on X.

For popular trader and analyst Rekt Capital, BTC/USD continued a weekly consolidation pattern within a narrowing wedge, looking ripe for a breakout.

“Bitcoin has indeed developed a Higher Low (light blue) and maintained itself above the Weekly level (black; $55737),” he explained alongside a chart on the day.

“More, Bitcoin has since formed a base at an even higher Weekly level (~$58,000) which is acting as confluent support this week. This confluent support is being retested as we speak.”

A bitcoin below $60,000 represents a good time to buy. But since August 23, Bitcoin has crossed the $64,000 mark for the first time in 20 days, giving hope to investors. Unfortunately, this breakthrough was short-lived, with bitcoin quickly returning to around $63,500.

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This return to critical resistance levels reveals persistent instability.

Traders and analysts are therefore on alert, hoping for a decisive breakout to initiate a swift rise towards $68,000. This scenario is supported by technical analysis showing a similar momentum to previous increases after crossing key levels.

If this threshold is maintained, bitcoin could approach its all-time high. According to Mister Crypto, “ a decisive crossing of $64,000 could signal a rally towards $68,000 $”.

Key figures to watch:

$64,000: Critical resistance level;
$68,000: Immediate target;
$73,679: All-time high.

The market’s enthusiasm has been amplified by recent accommodative statements from Jerome Powell, Chairman of the Federal Reserve. His comments on possible rate cuts have boosted investor confidence, contributing to Bitcoin’s bullish momentum.

Meanwhile, Bitcoin’s Relative Strength Index (RSI), currently at 66.11, indicates that the market is not yet overbought.
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In comparison, at the March peak, the RSI was at 79.79, suggesting there is still room for growth before reaching an overheat zone.

Nevertheless, analysts warn of potential volatility over the weekend, with likely consolidation around current levels. Bitcoin’s ability to maintain its momentum will depend on its capacity to break and stabilize above these critical thresholds.

All in all, the Jackson Hole meeting was a turning point for Bitcoin: Jerome Powell opened the way to $100,000.

Source: cointribune.com

In the past few weeks, following a series of corrections, Bitcoin and the broader crypto market have experienced a significant surge from the lower prices of 2024. 

The momentum picked up notably on Friday after Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, announced a shift in policy, hinting at a potential interest rate cut in September. This announcement has fueled optimism among investors, leading to increased market activity. 

Additionally, valuable data from Glassnode reveals that long-term holders (LTH) are locking in consistent gains of $138 million in profit per day. But what does this mean for the market moving forward?

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A latest Forbes report made it known that Bitcoin is experiencing its worst price crash since 2022, falling more than 10 per cent on Monday morning to hit a six month low.

According to the report, Bitcoin dropped below $50,000 (£39,000) for the first time since February before recovering to $52,000 at the time of writing.

The sudden plummet comes after one of the most positive periods in bitcoin’s history, having rallied to a record-breaking $74,000 in March and remained close to that level until this weekend.

Other leading cryptocurrencies have suffered even greater losses, with Ethereum (ETH), Binance Coin (BNB), Cardano (ADA) and Solana (SOL) all falling by around 15 per cent over the last 24 hours.

The overall crypto market has fallen below $2 trillion to $1.85 trillion, having decreased by 13 per cent over the last day. Combined with losses over the previous week, bitcoin has lost nearly a quarter of its value in just seven days.

The bitcoin price has however surged back, topping its late 2021 peak and climbing over $70,000 per bitcoin as Wall Street adoption and Donald Trump’s crypto conversion powering the market higher.

Now, after Musk issued a shock warning over the future of the U.S. dollar, the fickle billionaire has broken his long silence on bitcoin, saying he sees “some merit” in it.

Elon Musk Suddenly Breaks His Silence On Bitcoin After Issuing A Shock U.S. Dollar ‘Destruction’ Warning That Could Trigger A Crypto Price Boom

Forbes

For residents and visitors in Qatar, where traditional gambling faces strict regulations, crypto casinos offer a unique avenue to explore digital entertainment.

This article delves into the top Bitcoin and cryptocurrency-friendly online casinos accessible to players in Qatar, examining their features, game offerings, and important considerations for those interested in crypto gambling.

We have personally tested and reviewed each site on the list, you can read our in depth reviews below.

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Standard Chartered Plc is setting up a trading desk for Bitcoin and Ether, people familiar with the matter said, making it one of the first global banks to enter spot cryptocurrency trading.

The new crypto desk is close to starting operations and will be part of the bank’s FX trading unit, two of the people said, asking not to be named discussing private information. It will be run from London, according to one person.

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Mt. Gox’s dormancy might not be over, but a series of tokens moving out from its wallets has caught the attention of the market. A total of 137,890 BTC valued at $9.4 billion is presumed to be headed to creditors’ wallets, and this has warranted a mixed set of responses from experts, most of whom are concerned about a potential increase in selling pressure and a subsequent drop in Bitcoin’s price.

Mt. Gox was once the world’s leading Bitcoin exchange before it was hacked in 2014, leading to the loss of over 850,000 BTC. After years of legal battles, Japanese authorities finally approved a rehabilitation plan in 2021, launching a legal procedure known as “civil rehabilitation,” allowing creditors to recover some portion of their lost funds.

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At the age of 12, many of us were splashing our pocket money on Pokémon cards or sweets at the local corner store, but not Erik Finman.

In 2011, instead of wasting away his pocket money, Erik decided to put his money where his mouth was after striking a deal with his parents that he’d prove he could make his fortune outside of traditional education in return for being able to skip out studying a college degree.

But how would Erik build such wealth? Well, luckily for the 12-year-old, Bitcoin had just been launched in 2009 and data became available the following year, so after receiving $1,245 from his grandmother, Erik decided to invest in the cryptocurrency.

At the time Erik invested, trading was at around $12 – and this gave him about 103 BTC.

While I’m sure most kids that age would have likely been lost at how he managed to invest this money on a new emerging online currency phenomenon, it certainly paid off.

In December 2017 – when Erik was just 18 – Bitcoin reached a high of around $20,000 and his initial $1,245 investment increased to a staggering $2.07 million. Not bad, eh?

Reflecting on his decision that paid off massively, as an adult Erik said ‘people didn’t really get what I was trying to do’.