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Bulgarian National Convicted For His Role in a Bitcoin-Related Crypto Exchage Scam

The owner of a cryptocurrency exchange has been recently convicted in a transnational scheme of defrauding people through an online auction fraud. Court says the scam reached a multi-million dollar scale. At Least 900 Americans Victimized As per a recent report, people who suffered from the fraud were probably more than 900 American citizens. According to...
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Bitcoin Difficulty Ribbon Could Indicate Imminent Price Increase

One is called the difficulty ribbon, and it has just broken out of the green buy zone for the first time since March in terms of compression. The metric was reported by analytics provider Glassnode, which added that historically, these had been periods characterized by a positive momentum indicating significant price increases. #Bitcoin Difficulty Ribbon...
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Decoupling: Bitcoin Price Drops to $10,660 as Stocks and Gold Increase (Market Watch)

After failing to reclaim the $11,000 level again, Bitcoin got rejected and dipped below $10,700. Most alternative coins have followed BTC’s move downwards, and the market cap has lost about $6 billion since yesterday. Bitcoin Fails At  $11,000 In the past few days, Bitcoin made a few attempts to challenge the coveted $11,000 line but...
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Adoption: 101 Million Users Joined Crypto in 2020, According To Cambridge Report

The University of Cambridge’s third Global Cryptoasset Benchmarking Study is here. Highlights from the report point to an almost 200% growth in the number of cryptocurrency users over the last two years. The extensive digital asset market study by Cambridge also revealed that year-on-year growth in all segments dropped to 21 percent in 2019 from...
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BTC Price Analysis: Is Bitcoin Ready To Break $11,000 As Crypto Market Cap Reclaims $350B?

Bitcoin price has finally broken bullish out of a 3-day channel (orange) and making good progress towards the psychological $11,000 level above. The return of $9 billion to the global crypto market today has allowed BTC to return above $10,900 for the first time in 7 days and caused over $9 million worth of short...
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Grayscale Buys Another $186 Million in Bitcoin: Approaching $6B Crypto Assets Under Management

Grayscale has enlarged its Bitcoin Trust, as 17,100 BTC were added to Grayscale’s funds at current prices, as the investment is worth approximately $186 million. Grayscale BTC Trust. Data by Bybt Crypto AUM Approaches $6 Billion The total assets under management (AUM) for all Grayscale Investments crypto funds totaled $5.8 billion according to its last...
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Bitcoin Soon To $11,000? U.S. Market Futures Opened The Week In Green (Market Watch)

Bitcoin has continued to gradually increase in value and even came close to challenging $11,000 earlier today. Including some impressive gains from altcoins. The total market cap has increased by $10 billion since yesterday’s dip. Bitcoin Closing Down On $11K? As reported yesterday, the primary cryptocurrency hovered mostly between $10,650 and $10,750. Shortly after, however,...
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Research: Cryptocurrencies Are The Leading Point of Entry for Retail Investors In Emerging Countries

The popular digital asset exchange Huobi Group has compiled a study exploring the investment profiles of cryptocurrency traders in emerging markets. It concluded that digital assets such as Bitcoin and Ethereum have become “the first point of entry to financial management for many individuals.” The majority of the survey’s participants came from Europe, Asia, Africa,...
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Analysis: Bitcoin Could Scale Up to a ‘Trillions’ Market Cap in 5 to 10 Years

ARK Investment Management LLC thinks that bitcoin is an asset with one of the most attractive risk-reward profiles. In a recent analysis, the New-York based investment advisory firm made a pretty optimistic call regarding BTC’s growth. Bitcoin’s network valuation could balloon to $1 – 5 trillion in the next 5-10 years. From $200 Billion Today...
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Room For Growth? Google Trends For Bitcoin Dropped To Pre-COVID19 Levels

Although Bitcoin has been trading mostly in the five-digit territory for the past two months, the retail interest towards the asset seems to be declining. Data from Google Trends reveals that the “Bitcoin” searches are at their lowest levels since the COVID-19 crisis emerged during March 2020. Bitcoin and Google Trends 2020 Edition The Google...
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BNB Soared 8% To The Top 6: Bitcoin Price Losing Key-Support At $10,800? (Sunday’s Market Watch)

Bitcoin has remained relatively calm since yesterday, however, couldn’t overcome the following marked descending trend-line on the 4-hour chart, just around $10,800. The situation among larger-cap altcoins is rather similar, except for Binance Coin (BNB), which has climbed to the 6th position. Bitcoin Can’t Break Above $10,800 In the past 24 hours, the primary cryptocurrency...
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Opinion: Amid KuCoin’s $150M Hack, Crypto Is Not Yet Ready For Fully Decentralized Systems

A few hours ago, the Asian exchange KuCoin announced that it suffered a hack that caused millions of dollars in losses. A hacker, or a group of hackers, gained access to the platform’s hot wallet and stole more than $150 million in Bitcoin, Ethereum, and other cryptocurrencies. The funds held in a hot wallet are...
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Chinese State Media Report: Cryptocurrencies Are The Best-Performing Assets Of 2020

Although China still categorizes Bitcoin and other cryptocurrencies as illegal, several state-owned media outlets purportedly ran reports describing them as the best-performing assets since the start of the year. Bitcoin And Crypto Run On Chinese Media A popular state-owned media under the name Xinhua News Agency set the tone yesterday by citing a Bloomberg report...
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US Crypto Tax Avoiders Beware: The IRS Updates 1040 Tax Form

The Internal Revenue Service (IRS) seems to have found a way to block crypto tax evasion, following an update of its tax form. IRS: No Excuses for Crypto Traders According to the Wall Street Journal on Friday (September 25, 2020), the IRS is planning to alter its 1040 tax form. The revised tax form will...
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Bullish? On-Exchange Bitcoin Declines While Whales Accumulate (Report)

A recent report suggests that the amount of Bitcoin stored on exchanges is declining while BTC whales increase their holdings and that’s bullish for Bitcoin’s price. The paper also highlighted that investors have a much larger time horizon for their holdings now compared to previous years. Bitcoin Stored On Exchanges Drop In its latest report...
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KuCoin’s CEO: The $150 Million Hack Is “Small” For KuCoin, Insurance Will Cover

In a dedicated live stream, KuCoin’s CEO noted that although why he cannot reveal how much of the company’s total assets were affected during the hack, the stolen fund amount is “small for KuCoin.” The exchange will cover all the losses with its insurance fund. The company first noticed the abnormalities at 2:51 AM, Sept...
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Bitcoin Always Online In Venezuela: Launched The First Satellite Node In Collaboration With Blockstream

Bitcoiners in Venezuela don’t need the internet to send some Satoshis. Today, the crypto payments startup Cryptobuyer announced the successful launch of the first Bitcoin satellite node thanks to a collaboration between Cryptobuyer, Blockstream, and a team led by a crypto enthusiast named Aníbal Garrido. The initiative allows interacting with the Bitcoin blockchain without the...
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Crypto Market Cap Gained $10 Billion, Bitcoin Eyes $11,000? (Saturday’s Market Watch)

The cryptocurrency market continues to rebound and has added another $10 billion to its market cap since yesterday. Bitcoin trades around $10,700, while some leading altcoins mark serious gains. Bitcoin Price Trades Around $10,700 Following yesterday’s increase in which Bitcoin topped at $10,800, the primary cryptocurrency retraced to its intraday bottom at about $10,550. However,...
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KuCoin Exchange Hacked: $150 Million In Bitcoin and Ethereum Stolen

Hot wallets of the popular cryptocurrency exchange KuCoin have been compromised and drained for at least $150 million worth of digital assets. The company reported the event as a “security incident” a few hours ago, reaffirming that “part of Bitcoin, ERC-20, and other tokens in KuCoin’s hot wallets were transferred out of the exchange.” The...
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Bitcoin Price Needs to Break This Key Level Before $11,000 is Possible (BTC Analysis)

Bitcoin bulls appear to be recharging after successfully breaking back into the main channel (yellow) above $10,360 and surging to $10,790. An influx of $5 billion into the global crypto market cap over the past 24 hours has really helped prop up BTC prices above $10,700 and is also giving several altcoins a moment in...
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Bitcoin Maintains $10K As Crypto Market Lost $16 Billion in 7 Days: The Weekly Crypto Market Update

Another action-packed week took place in the crypto field. Unfortunately, the market is currently in decline as the entire capitalization lost around $16 billion over the past seven days. The good news for Bitcoin bulls is that BTC managed to maintain itself above the critical psychological and technical support of $10,000. Things were looking rather...
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Dave Portnoy Says Bitcoin is a Big Ponzi Scheme But He’ll Be Back

Just months after making a grand entrance in the cryptocurrency space, the Barstool Sports Founder Dave Portnoy reaffirmed that he’s out of the field. In a recent podcast with Anthony “Pomp” Pompliano, the controversial day trader justified his exit by claiming that Bitcoin is a giant Ponzi scheme. Portnoy’s Controversial Bitcoin History Portnoy has become...
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Bitcoin Price Spikes To $10,800 As Total Market Cap Recovers $12 Billion

Following a few days of severe price drops, the cryptocurrency market is in a state of recovery today. Bitcoin has surged from $10,300 to nearly $10,800, while Ethereum trades above $340. Bitcoin Bounced Off $10,130 After bottoming at $10,130 a few days ago, the primary cryptocurrency started recovering yesterday and hovered around $10,400. In the...
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Report: 120,000 BTC ($1.2 Billion) in Jeopardy as a Trading Bot Bugs

Spain-based trading software development company, Arbicorp, recently halted the activity of a trading bot. The decision affected more than 32,000 clients who once deposited their money on that platform and now cannot withdraw it. The Arbistar 2.0 trading bot offered 1% daily returns to anyone willing to invest at least 3000 euros ($3500). It also...
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New Israeli Bill Proposes to Consider Bitcoin as a Currency and Not an Asset

A newly-proposed bill with the legislative branch of the Israeli government Knesset submitted several changes to Bitcoin’s taxation. Instead of viewing BTC as an asset and subjecting sales to capital gains tax of 25%, the new legislation plans to recognize it as a currency. New Proposal: Bitcoin As a Currency Not An Asset According to...
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After FinCEN Reveal, JP Morgan to Pay $1 Billion as Spoofing Fine: Crypto Still Bad?

Major bank JP Morgan is in the news once again. US authorities have slapped a penalty of almost $1 billion on the country’s largest bank to resolve investigations into its purported manipulation of metals futures and Treasury securities. This comes after a FinCEN report name-dropped JP Morgan for contributing to moving $2 trillion worth of...
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Bitcoin Price Analysis: Crucial Moment For BTC After Closing Under 150-Day Support, Bear Market Inbound?

Bitcoin’s price has just closed underneath the primary channel support (yellow line) on the daily chart for the first time since April 26, 2020 – over 151 days ago. This could spell doom for the leading crypto’s short to mid-term prospects unless significant bullish volume arrives to drive BTC back into the up-trending channel. According...
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Document Leak Suggests Major Banks Facilitated Transfer of $2 Trillion in Dirty Money – 10x Current Bitcoin’s Market Cap

Recently surfaced FinCEN documents revealed that some giant banks have knowingly transmitted trillions of dollars in suspicious transactions from Ponzi schemes and terrorist organizations. Names such as HSBC, Standard Chartered, Bank of America, JPMorgan Chase, and more, have been collecting significant fees while flying under the radar for years. FinCEN Documents Reveal Big Banks’ Actions...
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Gemini Has Now Opened Doors to Crypto Investors in the UK

New-York based cryptocurrency exchange Gemini has officially launched in the UK. This comes after the UK’s Financial Conduct Authority (FCA) granted it an Electronic Money Institution (EMI) license. The Winklevoss-led bitcoin and crypto trading platform is also one of the first businesses to receive FCA’s approval as a part of it’s Fifth Money Laundering Directive...
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Market Watch: Bitcoin Tumbles to $10,130 as Equity Markets Finish in Deep Red

After reclaiming some ground yesterday, Bitcoin has returned to its recent bearish trend by dropping below $10,300. Most altcoins follow with some notable price dips, resulting in a near $10 billion evaporated from the total market cap. Bitcoin Dips Below $10,300 As reported yesterday, the primary cryptocurrency recovered some of the recent losses and traded...
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Bitcoin (BTC) $ 98,135.29 4.23%
Ethereum (ETH) $ 3,486.13 2.37%
Tether (USDT) $ 0.999465 0.02%
XRP (XRP) $ 2.30 1.87%
BNB (BNB) $ 702.18 1.56%
Solana (SOL) $ 199.27 4.71%
Dogecoin (DOGE) $ 0.333195 3.37%
USDC (USDC) $ 1.00 0.03%
Lido Staked Ether (STETH) $ 3,478.98 2.35%
Cardano (ADA) $ 0.92341 1.23%