Bitcoin has been rangebound for the past week, trading around a support and resistance zone at $108,000; however, its next move up could be very soon, say analysts. This year has largely been a “positioning reset for Bitcoin’s market structure in spot and derivatives,” said crypto entrepreneur Joe Consorti on Thursday. He added that there has […]
Around 47,000 Bitcoin options contracts will expire on Friday, Oct. 24, and they have a notional value of roughly $5.1 billion. This expiry event is a little larger than last week’s, but there is unlikely to be any impact on spot markets, which have been mostly sideways in the past several days. The US government […]
XRP is trading around $2.41, up slightly over the past 24 hours. While the price remains within a defined range, recent signals from several market watchers suggest a possible shift in direction. However, the likelihood of a correction appears firmer at the moment. Technical Setup Suggests Room for Upside XRP continues to move within an […]
Chainlink (LINK) maintained stability above $21 and occasionally tested the $22 level during early October. Midway through the month, LINK’s price dropped sharply amidst the devastating market downturn last week, and broke below $18, briefly dipping to about $16. Although there were a few recovery attempts, the asset could not regain its earlier momentum. However, […]
Tucker Carlson has claimed that the Central Intelligence Agency (CIA) created Bitcoin (BTC), saying the mystery around its founder, Satoshi Nakamoto, makes him distrust the cryptocurrency. Speaking at a Turning Point USA event on October 22, the Conservative commentator said he would never invest in Bitcoin because he believes it was designed by financial elites […]
Zcash (ZEC) is now trading just below a key technical resistance range, with price action showing signs of slowing following an earlier surge. At the time of writing, ZEC is priced at $240, with a 24-hour trading volume of $730 million. Meanwhile, the token is down slightly in the past 24 hours but remains up […]
The US government’s economic data blackout continues, with the shutdown entering day 23. There has been no September jobs report, any key inflation data, or initial jobless claims for weeks. Additionally, the Fed has lost access to key private jobs data from ADP, covering 20% of private workers, reported the WSJ and Kobeissi Letter. “The […]
Bealls, a 110-year-old US retail chain with over 660 stores nationwide, has announced a new partnership with digital payments firm Flexa to enable in-store cryptocurrency payments. With this integration, Bealls becomes the first national retailer to accept digital currencies from any crypto wallet across more than a dozen blockchains at once. The announcement marks Bealls’ […]
A flood of new crypto fund proposals is poised to hit the market, with 155 exchange-traded product filings waiting for regulatory approval. According to industry data from October 21, this wave could introduce over 200 new funds tracking 35 different digital assets within the next year. The Coming Wave of Crypto Funds Eric Balchunas, a […]
Cryptojacking Scandal: Ex-Digital River Worker Exploited Company Systems for Personal Ethereum Gains
A former Digital River employee has been ordered to pay more than $45,000 back to his previous employer after unlawfully using company computing systems to mine cryptocurrency. Joshua Paul Armbrust, 45, was sentenced Tuesday to three years’ probation by US District Judge Jerry Blackwell, following his April guilty plea to a felony computer fraud charge. […]