Numerous Palestinians in the blockaded enclave of Gaza have lost their lives due to the Israeli-Palestinian conflict, while others are on the edge of survival. The total destruction of the area has also negatively affected the local financial network. Trying to preserve their wealth and monetary independence from Israel, an increasing number of Gazans have...Read More
Bitcoin price after being rejected at $17,000 at the beginning of the month has been attempting very hard to reclaim the levels at the earliest. Meanwhile, some analysts believe that, presently, there is no room for BTC to form the bottom. Therefore, the possibility of a rebound may be predetermined as the crypto space appears...Read More
Bitcoin is displaying some stability, as the prices have remained within a sustainable range of around $17,000. As the trend remains largely incremental, the token is believed to maintain a steep upswing to regain levels above $20,000 very soon. Popular crypto trader Jason Pizzino believes that star crypto may continue testing the upper resistance from...Read More
Bitcoin price has endured a choppy 2022, with market strategists struggling to point out the bottom. Furthermore, Bitcoin’s price has continued to trend downward since May’s capitulation, fueled by the Terra Luna implosion. With the FTX and Alameda collapse, Bitcoin price may continue downward before forming a bottom According to our latest crypto price oracles,...Read More
The latest critique came from the top leadership at European Central Bank (ECB), who stated that Bitcoin’s value “is likely to be artificially induced” while adding that the crypto-asset is on a “road to irrelevance.” In the blog post, ECB Director General Ulrich Bindseil and Analyst Jürgen Schaff went on to claim that the world’s...Read More
Bear markets always appear to be long, drawn-out affairs, but the steep downtrend only really lasts a year or so. The crypto industry hit its all-time high of just over $3 trillion in market capitalization in November 2021. Almost a year to the day later, on Nov. 22, they hit a cycle low of $820...Read More
Two robbers reportedly deceived an Asian investor and his friend with a fake bitcoin scheme and stole nearly $50,000, three phones, and documents from them. The Criminal Court sent the wrongdoers to jail for three years and ordered their deportation once going out of prison. Crime in Dubai According to a recent coverage, the assault...Read More
On-chain sleuth ZackXBT has tracked down some of the mixed Bitcoin funds stolen by the mysterious FTX hacker this month. The analyst found that $4.1 million worth of Bitcoin (255 BTC) has ended up on OKX, a cryptocurrency exchange. As explained on Twitter, the hacker initially deposited the stolen funds to CoinMixer – an anonymous...Read More
Hash ribbons have just formed a death cross which has been a leading indicator for Bitcoin miner capitulation in previous cycles. Hash Ribbon indicators use simple daily moving averages to identify changes in hash rate trends. They are often used as a long-term signal to indicate macro bottoms on the Bitcoin price chart. A bearish...Read More
According to a study conducted by Independent Reserve, more than 25% of Aussies are crypto HODLers. Bitcoin remains the most recognizable digital currency, as 90.8% of the participants admitted being aware of its existence. The Latest Figures in Australia The share of Aussies that own crypto assets has slightly shrunk compared to the figures from...Read More
The cryptocurrency industry saw one of the most spectacular crashes of one of its giants earlier this month, which cast doubt over the entire market and investors’ perspectives on it. However, on-chain data shows that retail investors have continued accumulating bitcoin with enhanced appetite. Crabs and Shrimps Keep Buying Bitcoin shrimps, as categorized by Glassnode...Read More
Bitcoin has been playing it relatively safe in the face of widespread investor skepticism, volatile markets, and other minor disturbances. The asset recently formed a double top as it consolidated below $16,800- an extremely bearish reversal formation, thus causing heightened stress and panic amid the trading community. From $16,791 it has been declining gradually below...Read More
The cryptocurrency market and its leading market players are fighting to break out of a narrow consolidation zone. However, given the current state of the market, investors are left awaiting the impending market rally. The crypto winter stuck with the market longer than expected and with the FTX collapse, things got worse. Amid all the...Read More
Fundstrat’s head of research – Tom Lee – remains a bitcoin bull and believes the asset could serve as a proper investment tool for certain investors. He added in a recent interview that the entire crypto industry had a horrific year, but he expects the upcoming 2023 will not be the same. 2022 has indeed...Read More
El Salvador’s government doubled down on its crypto initiatives by creating a National Bitcoin Office (ONBTC) that will oversee all local projects related to the asset. The new agency will also be able to cooperate with other countries in matters associated with BTC. Enter ONBTC Despite the prolonged bear market, El Salvador’s authorities seem determined...Read More
Belgium’s financial regulator does not consider crypto-assets such as Bitcoin (BTC) and Ethereum (ETH) to be securities. The Financial Services and Markets Authority (FSMA) released a statement in which it said cryptocurrencies that are issued solely by computer code do not constitute securities. The regulator’s response comes after receiving an increasing number of questions about...Read More
The world’s largest cryptocurrency exchange – Binance – introduced its Proof of Reserves (PoR) system to display to users the exact amount of its crypto reserves. The feature will initially show only bitcoin’s holdings, while other coins will follow in the future. Binance has taken some additional measures to reaffirm its customers’ trust during the...Read More
A crypto wallet attributed to the failed BTC-e linked to the 2014 Mt. Gox hack moved 10,000 Bitcoin, now worth over $165 million, to a group of personal wallets, exchanges, and other services on November 23rd. A report by Chainalysis suggested that the funds’ movement marks the largest withdrawal by the Russia-focused cryptocurrency exchange –...Read More
The government of El Salvador presented a bill that could set comprehensive rules on the local crypto sector and regulate the operations of all digital asset providers in the country. The ruling body is also one step closer to issuing blockchain bonds that could aid the development of certain BTC endeavors in the Central American...Read More
Public-traded Bitcoin mining company Core Scientific has lost about $1.7 billion since the start of the year, according to its quarterly report filed with the United States Securities and Exchange Commission (SEC) on Tuesday. The filing shows that the firm recorded its second consecutive quarterly loss at the end of Q3. The Bitcoin miner lost...Read More
Bitcoin (BTC) began the month’s trade on a negative note. However, the prices have since retreated as usual profit-taking set in, and the focus shifted to the minutes from the Federal Reserve’s most recent monetary policy meeting. It’s difficult to say in which direction Bitcoin’s price will go in with any sudden change. Some investors...Read More
Coinbase CEO Brian Armstrong quelled concerns about the state of his company’s Bitcoin holdings on Tuesday, following doubtful suggestions from rival exchange owner Changpeng Zhao (CZ). Binance’s CEO has since deleted his tweet, promising to “work together to improve transparency in the industry.” What Did CZ Say? CZ’s now-removed post called attention to two separate...Read More
The American senators – Elizabeth Warren, Tina Smith, and Richard Durbin – advised Fidelity Investments to reconsider its decision to allow investors to add bitcoin to their retirement 401(k) plans. One of the largest mutual fund companies in the US has heavily engaged in the crypto sector in the past few years. It recently considered...Read More
The world’s largest crypto, Bitcoin, has yet again been surrounded by massive selling pressure as the price marked new lows below $15,500. The FTX collapse has impacted the entire crypto space as the crypto lenders have been facing difficulties in meeting demand post-fallout from FTX. While BlockFi has filed for bankruptcy, another crypto pioneer, Genesis,...Read More
Bitcoin miners are selling their coins at a record pace after the top cryptocurrency by market cap fell to its lowest price in 2022 this month. According to Charles Edwards – founder of Capriole fund – Bitcoin miner sell pressure has skyrocketed by 400% within 3 weeks alone. His data is backed up by a...Read More
The entity that drained FTX’s wallets after the fallen exchange filed for bankruptcy continues to move around the funds. Although the Bahamas’ securities regulator claimed it siphoned the funds, the suspicious transactions now are questioning this narrative. The wallet designated as the FTX drainer started moving funds during the weekend, as CryptoPotato reported. A new...Read More
American billionaire venture capitalist Tim Draper has reiterated his bullish support for Bitcoin despite the crypto winter intensified by the sudden crash of the FTX exchange. Draper predicted last June, during the bull market, that the leading crypto asset would reach $250,000 by the end of 2022. However, his prediction is less likely to happen...Read More
The last two weeks have been a nightmare for the entire crypto space as crypto investors were forced to liquidate their massive holdings in FUD after Sam Bankman-Fried’s FTX collapsed. The FTX meltdown has raised concerns regarding Bitcoin-tied assets and ETFs as institutional investors continue to dump their positions. Holdings of Grayscale’s Bitcoin Trust (GBTC)...Read More
Despite the continuous turbulence in the cryptocurrency market, Bitcoin is largely unaltered and has been consolidating between $15,800 and $17,200 on Friday. Bitcoin Trades Marginally as It Facing Rejection at $17K Since its price declined on November 9, when it was around $17K. At present, the immediate resistance is found at the $16,950 level. On...Read More
El Salvador’s president took it to Twitter to announce that the country will resume its BTC buying spree as of tomorrow. Interestingly, Tron’s Justin Sun quickly followed up, saying his blockchain project will do the same. Although 2022 has been a rough year for the cryptocurrency market, with many inside and outside factors pushing prices...Read More
