“I see more and more evidence of why it will [go to $1 million], and less and less of why it won’t,” opined the chief executive of crypto asset manager Bitwise, Hunter Horsley, on Feb. 17. He posed the question on X of why BTC isn’t going to be widely adopted and hit seven figures […]
Monday is a holiday in the US for Presidents’ Day, so traditional markets are closed. Crypto markets never close, but they are already showing signs of weakness as another week begins. There are several Federal Reserve speeches to look out for this week in addition to manufacturing and services purchasing manager’s indexes. “Inflation is officially […]
Malaysia was rocked by an unexpected discovery on Tuesday when an explosion and billowing smoke from a house along Lorong Cekara Purnama, Bandar Puncak Alam, led authorities to uncover an illegal bitcoin mining operation. The latest development comes as the Southeast Asian country continues to battle unauthorized crypto mining, which has caused significant financial losses […]
Bitcoin’s price has been consolidating in a tight range, giving no indication about whether it’s going to recover or experience a deeper correction. Figuring out whether there is an accumulation or a distribution happening would be key to determining the future direction of the market. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On […]
Ripple’s price has been on a massive uptrend over recent weeks, even with the flash crash it experienced a couple of weeks ago. Yet, for a further bullish continuation to materialize, a specific resistance range needs to be overcome. By Edris Derakhshi (TradingRage) The USDT Paired Chart Against USDT, the cryptocurrency has recently gone through […]
Bitcoin mining hardware is facing increased scrutiny from US officials. Recent seizures at entry points hint at a broader enforcement push that could impact major manufacturers and miners alike. At the request of the Federal Communications Commission (FCC), US Customs and Border Protection (CBP) has been seizing bitcoin mining ASICs at ports of entry across […]
Two Estonian citizens pleaded guilty yesterday to running a massive cryptocurrency Ponzi scheme that defrauded hundreds of thousands of investors worldwide, including in the United States. The scheme involved a fraudulent crypto-mining service called HashFlare, resulting in investor losses of over $577 million. Founders Agree to Forfeit $400M in Assets According to court documents, Sergei […]
Russian national Alexander Vinnik, previously convicted for running a multi-billion-dollar money-laundering operation through his BTC-e crypto exchange, has been released in a prisoner exchange between Russia and the United States. In return, Moscow freed American schoolteacher Marc Fogel, who had been detained on drug charges. Vinnik’s Role in BTC-e and Legal Troubles Vinnik operated the […]
[PRESS RELEASE – Read Disclaimer] WhiteBIT cryptocurrency exchange announced today that it has successfully secured over $150 million in at-risk cryptocurrency funds in 2024, further solidifying WhiteBIT’s role as a key partner in the fight against digital crime. The secured funds include assets recovered from third-party hacks and those protected from account breaches and scams. […]
Bitcoin is struggling to regain momentum, with its price action stagnating around the 100-day moving average. The current market structure suggests a pivotal moment, where a bullish rebound remains a strong possibility. Technical Analysis By Shayan The Daily Chart Bitcoin’s price has been consolidating near the crucial 100-day moving average at $96K, with sellers attempting […]