The crypto market after a brief retracement, is now in a sideways trade. Bitcoin is why of hitting $44K, ETH hovers around $3K. Although most altcoins trade in green with modest gains, some altcoins have plunged to trade in red. BTC Price Action At Press time, Bitcoin (BTC) price finds support at the 50-day Simple...Read More
The crypto market rose on Wednesday as the chance of a truce in the conflict between Russia and Ukraine boosted investor confidence. The global cryptocurrency market is now valued $1.99 trillion, up 2.45 percent from Tuesday. In the last 24 hours, the overall crypto market volume climbed by 5.08 percent to $75.55 billion. Cardano (ADA),...Read More
According to a recent CNBC analysis, eight of the highest-ranked politicians in the USA have traded cryptocurrencies over the past 12 months. Seven of them are Republicans, including Senator Pat Toomey and Senator Cynthia Lummis, while one is a member of the Democratic Party. Who Jumped on The Bandwagon? Overall, 2021 has been a highly...Read More
The London-based investment management company, Fidelity International, listed a Bitcoin exchange-traded product (ETP) in Europe in response to increased institutional demand. The product, called the Fidelity Physical Bitcoin ETP, began trading on Germany’s Deutsche Börse AG and Frankfurt Stock Exchange on Tuesday (February 15, 2022) under the ticker symbol “FBTC.” The Bitcoin ETP launch targets...Read More
By reasoning that Ilya Lichtenstein is a flight risk, a US Federal Judge ordered him to be detained pretrial while indicating that his wife and partner-in-crime – Heather Morgan – met the criteria for supervised release. As reported by The New York Times, Chief Judge Beryl Howell of the Federal District Court in the District...Read More
The world of cryptocurrencies, especially in its earlier years, had a reputation of being the playing ground of hackers and various malicious entities. And while this has changed to a huge degree in the past few years and the field received massive recognition and regulatory clarity, the ghosts of its past remain. One of the...Read More
Analysts at Wells Fargo Investment Institute (WFII), the advisor and subsidiary of Wells Fargo Bank, have asserted that cryptocurrency adoption is still in its early stages. It’s Not Too Late to Buy Crypto In a report published by WFII’s Global Investment Strategy team, the analysts noted that Wells Fargo does not believe it is too...Read More
The Russian Ministry of Internal Affairs has reportedly taken down four major illegal Dark Web sites, which have made over $260 million in cryptocurrency proceeds from the sale of stolen credit cards. Those platforms are Ferum Shop, Trump’s Dumps, Sky-Fraud forum, and UAS Store. The Latest Seizures Known as “carding” websites, these illicit platforms offer...Read More
The Bitcoin price is slashing from past consecutive 3 days while all the attempts to flip the downtrend appears to have gone in vain. The asset seems to have again started trending within the same descending trend with what it began the yearly trade. Advertisement The asset previous dropped from $47,000 levels to as low...Read More
Popular Canadian rapper Aubrey Drake Graham, also known mononymously as Drake, made a massive bitcoin bet on Sunday’s Super Bowl Game between the Los Angeles Rams (LA Rams) and the Cincinnati Bengals. Drake took a snapshot of his bet and posted it on Instagram for his over 100 million followers, with the caption “All bets...Read More
Matt Hancock, a Conservative Party MP in the UK parliament, said Britain could create a “dynamic” regulatory environment for cryptocurrencies rather than follow the EU’s restrictive policies. He noted that this is possible because of Brexit, which offers the country an opportunity to benefit from crypto innovations. “We now don’t have to just take the...Read More
The Central Bank of Hungary joined the growing number of central monetary entities believing that bitcoin trading and mining should be banned. Similar to most bashers, the organization’s Governor asserted that cryptocurrencies could facilitate illegal activities. In a press conference on February 11th, György Matolcsy, the current Governor of the Hungarian central bank, urged the...Read More
Fitch cited policy unpredictability stemming out of the increased concentration of power in the presidency, weakening institutions, and the legalization and adoption of Bitcoin as the reason for lowering the rank. Reasons Behind The Move As per the official post, “heightened” financing risks arising from growing dependency on short-term debt reflects Fitch’s move of downgrading...Read More
Leading Israeli bank, Hapoalim Bank, has recently filed a letter of defense to dismiss the claims of the 69-year-old pensioner, Esther Freeman, to allow the deposit of $320k profit she made from a $3,000 Bitcoin investment nearly nine years ago. According to a Thursday report by a local media outlet, the bank claims that its...Read More
Barely two days after the U.S. Department of Justice (DOJ) seized about $3.6 billion worth of BTC related to the 2016 Bitfinex hack, dozens of individuals have started laying claims on the bitcoin fortune. According to a Bloomberg report, the DOJ has seen a massive surge in the number of people who wish to regain...Read More
Bitcoin price is currently dancing within narrow ranges yet again after swinging below $38K for a pretty long time. It clearly manifests the asset’s calculative approach to undergo a clear uptrend without allowing any major sell-off in the future. Advertisement No doubt the current market trend is extremely misty as the price is hovering between...Read More
The world’s largest asset manager plans to double down on its cryptocurrency engagement by launching such trading services, asserted a new report. This comes a year after the company dipped its toes by trading bitcoin and reporting owning stocks of BTC mining companies. Citing people familiar with the matter, CoinDesk informed that BlackRock aims to...Read More
According to JPMorgan Chase strategists led by Nikolaos Panigirtzoglou, Bitcoin’s “fair value” should be 12% lower than its actual price. In their opinion, the cryptocurrency is currently overpriced and its fair value should be around $38,000. The figure is based on the premise that BTC is around four times more volatile than gold, according to...Read More
A recent report from blockchain analytics company Elliptic revealed that Ukrainian volunteer groups and non-government organizations (NGOs) received more than $570,000 in Bitcoin donations throughout 2021. 900% Increase From 2020 Interestingly, the total Bitcoin donations made to Ukrainian NGOs in 2021 represent a 900% increase from the previous year. These volunteer groups emerged in 2014...Read More
The State of Georgia might become the next hub for cryptocurrency miners as it provides relatively low electricity prices and a large amount of nuclear and solar power, a new coverage revealed. Furthermore, local regulators have shown a friendly stance towards this side of the digital asset industry. Can Georgia Become The Crypto Mining Capital...Read More
Investment in the crypto space soared in 2021. Globally, crypto projects attracted over $30 billion, compared to $5.4 billion in 2020. In its Pulse in Fintech report, KPMG points to an “incredible increase in recognition of crypto’s potential in fintech. According to the multinational ‘Big Four’ accounting firm, 2021 saw a surging interest in crypto...Read More
The FBI has arrested a husband and wife in Manhattan for allegedly conspiring to launder swaths of Bitcoin connected to the 2016 Bitfinex exchange hack. According to Reuters, over $3.6 billion worth of the asset has already been recovered by law enforcement. The couple allegedly responsible is Ilya Lichtenstein (34) and Heather Morgan (31). They...Read More
Traders are once again hoping for a bullish run as a fresh slash of green spread across the entire crypto market. Interestingly, the 50-DMA indicator shows that the cryptocurrency might be in a good shape for further gains. Bitcoin surged to $45,500 today for the first time since January 5th as the cryptocurrency market managed...Read More
After a choppy month that involved whales cashing out and taking profits, the cryptocurrency market rose to a collective valuation above $2 trillion. The market leader – Bitcoin, for one, tested the coveted $45k-level but failed to reclaim it. The Bitcoin Fear and Greed Index essentially demonstrates overall market sentiment towards BTC by taking factors...Read More
The United Nations (UN) accused North Korea of stealing cryptocurrencies worth millions of dollars. Moreover, the report added that the totalitarian Asian state employed the stolen assets to fund missile and nuclear experiments. Crypto Fuels Weapon Trials According to a recent UN report cited by Reuters, North Korean hackers have carried out numerous attacks against...Read More
The Canadian subsidiary of KPMG – one of the “Big Four” international accounting firms – has just confirmed the addition of Bitcoin and Ethereum to its corporate treasury. The purchase is said to “reflect the firm’s commitment to emerging technologies and asset classes”. According to a press release from Newswire, KPMG included carbon offsets alongside...Read More
According to a recent survey conducted by the trading platform eToro, many single men and women are seeking partners who are not only financially stable but also knowledgeable about cryptocurrencies. 33% of the American participants admitted they are more likely to go on a date with someone who deals with digital assets. Crypto Makes Individuals...Read More
The Bitcoin community celebrated as the layer 2 payment system reached a total of over 3,400 BTC locked. That is an equivalent of around $141 million. Bringing near-zero fee BTC payments, Lightning’s adoption rose dramatically over the last year. During the same period, bitcoin became significantly more utilized as a network and an investment asset...Read More
Bitcoin is currently worth more than $40,000, up more than 20% from its lows in late January. Despite the recovery, the crypto community, analysts, and others believe the bottom is still a long way off. In the meantime, BTC has started to recover from a seven-year secular bull trend line. Advertisement BTC/USD traded in a...Read More
Bitcoin (BTC) and the broader crypto market received a much-needed boost late Thursday after a tumultuous first half of the week. Bitcoin recovered from $36,200 levels on Thursday to $41k levels on Saturday. Advertisement A well-known cryptocurrency analyst is scouring the charts to see if Bitcoin’s (BTC) recent surge is sustainable. Micheal van de Poppe...Read More
