The SEC charged action “star” Steven Seagal with unlawfully promoting a cryptocurrency. The naked bitcoin rip-off was so comical it almost looked like a self-parody of the ICO hype machine. It’s safe to say everyone except Seagal saw this legal backlash coming. Washed-up B-list action hero Steven Seagal had to know he was on deadly ground when he agreed to promote a scammy bitcoin rip-off called Bitcoiin2Gen. Two years later, his involvement in the bizarre and almost comically shady project has left him with exit wounds – along with a hefty fine from U.S. securities regulators. Steven Seagal Fined for Promoting Shady Crypto Project Steven Seagal endorsed the Bitcoiin2Gen ICO and served as “Brand Ambassador” for the project. Even he may have been bilked by the shady cryptocurrency. |

Trump sent a shockwave through financial markets when he ordered an airstrike that killed Qassem Soleimani. Stocks, gold, and oil all fluctuated wildly as US-Iranian hostilities flared. Here’s how the prices of major assets responded. When US President Donald Trump ordered an airstrike that killed Iranian general Qassem Soleimani, he also unleashed a shockwave through global financial markets. Major stock indices cratered as investors fled into safe-haven assets like gold, and oil prices spiked on fears of Iranian retaliation.Here’s how financial markets reacted to Soleimani’s death.US Stock Market Recoils After Trump Unleashes Airstrike Stock futures recoiled after Soleimani’s killing became public, and the bloodbath spilled over into regular trading hours. The Dow (blue), S&P 500

The bitcoin price surged back above $7,000 on Wednesday. Analysts say BTC defended a crucial support level. Today’s price action wasn’t enough to persuade the bears that the bottom is in. The bitcoin price rallied aggressively on Wednesday after the beleaguered cryptocurrency defended a vital support level that has fortified its nearly five-year-old “parabolic” uptrend. Bitcoin Bounces Off ‘Parabolic’ Support Just hours after careening to seven-month lows below $6,500, the notoriously volatile asset jerked toward a recovery, ascending a wall of sell orders in near-instantaneous fashion. The bitcoin price bounces off a seven-month low to retake the $7,000 level. | Source: TradingViewAccording to price data from cryptocurrency exchange Bitstamp, bitcoin last traded at $7,160 for a daily

The bitcoin price crashed through another vital support level on Thursday.BTC has now plunged nearly 50% from its mid-year zenith.A legendary bitcoin trader says that this time, it’s “dying” for good.The bitcoin price crashed through another vital support level on Thursday, hastening a decline that has seen the leading cryptocurrency fall nearly 50% from its yearly high.Bitcoin has recovered from these punishing reversals before, but one legendary trader predicts that this time will be different.Bitcoin Price Dives to 4-Week LowThe bitcoin price slid to a four-week low below $7,400 on Thursday. | Source: TradingViewThough just six months ago, June 2019 must seem like a distant memory to cryptocurrency investors. Riding the wave of Libra fever, the bitcoin price spiked as high as $13,880,

CEO Mark Zuckerberg will be the next Facebook executive to face a bipartisan grilling when he testifies before the US House Committee on Financial Services tomorrow. The committee published a transcript of Zuckerberg’s prepared testimony ahead of the hearing, and there was one thing noticeably absent from his statement: any reference to bitcoin, cryptocurrency, or even blockchain.
House Releases Mark Zuckerberg’s Libra Testimony
That’s somewhat remarkable, given that Zuckerberg has been summoned to Capitol Hill to defend his company’s decision to launch its own blockchain-based cryptocurrency, the once-promising, now-floundering Libra.

However, it’s also not surprising. While bitcoin (BTC), and to a lesser degree, altcoins like ethereum (ETH) and ripple (XRP), have made inroads

September brought a painful reckoning to the cryptocurrency market, ushering in a brutal bitcoin price crash that wiped thousands of dollars – and months of progress – off the asset’s hard-fought recovery. To make matters worse, bitcoin’s terrifying technical picture is leading analysts to augur even sharper losses in the coming weeks, with longtime skeptics like Peter Schiff gleefully forecasting complete meltdowns. John McAfee: Watch Game of Thrones, Not Crypto Price Charts John McAfee has some tips on how to survive the bitcoin price crash. | Source: REUTERS / Alexandre MeneghiniEnigmatic cryptocurrency influencer John McAfee knows a thing or two about meltdowns, and he’s long claimed that he knows a thing or two about bitcoin as well. Bolstered by those credentials, McAfee tweeted

A $10 billion wealth advisor predicts the next Fed rate cut will launch the bitcoin price to a new yearly high. There’s just one problem. | Source: Jim WATSON / AFP (i), Jan von Uxkull-Gyllenband/Shutterstock (ii). Image Edited by CCN.
The Federal Reserve will hold its next policy meeting tomorrow, and analysts predict that the US central bank will adopt its second straight interest rate cut. That move should bolster the stock market, but does it mean anything for bitcoin?
Will Interest Rate Cut Ignite Bitcoin Price Boom?
Nigel Green, the founder of $10 billion wealth advisor deVere, says that the Fed’s ongoing dovish pivot should snap the bitcoin price out of

The bitcoin price slid below the $11,000 mark for the first time in more than a week on Tuesday, as the flagship cryptocurrency’s burgeoning inverse correlation with the S&P 500 came back to bite investors.
Bitcoin Price Careens Below $11,000
Bitcoin had entered the day trading sideways in the low $11,000s, where it had more or less languished since the Saturday sell-off that followed BTC’s brief foray above $12,000 last week.
The dam broke around 10 am ET, and the bitcoin price cascaded below $11,000 to breach its lowest level since August 4.
The bitcoin price slid below $11,000 for the first time in more than a week. | Source: TradingViewAs of 10:35 am ET, BTC/USD had fallen as low as $10,863 on Bitstamp. The leading cryptocurrency last traded at $10,909 for a 24-hour decline of

July wasn’t exactly a banner month for crypto investors, but it turns out it was even worse for one of the world’s largest bitcoin trading platforms: BitMEX.BitMEX Just Had Its Worst Month Ever by One Key MetricData curated by TokenAnalyst reveals that BitMEX, a cryptocurrency exchange that offers up to 100x leverage, suffered nearly $525 million in net bitcoin outflows in July, by far its worst-ever month by this metric.More than half-a-billion dollars worth of bitcoin fled BitMEX in July. | Source: TokenAnalystAccording to pseudonymous crypto data analyst Ceteris Paribus, BitMEX had never experienced more than $100 million in net outflows in a single month.Even in 2018, amid the slow-motion bitcoin price crash known as “crypto winter,” the Arthur Hayes-led firm recorded net inflows for