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Bitcoin (BTC)

ING Bank Unveils New Crypto Custody Product

ING Bank, a financial institution based in the Netherlands, has unveiled a new crypto product called Pyctor, which will provide crypto custody services and a post-trade infrastructure platform to GMEX Group, a trading enterprise with a special niche for crypto assets. ING Bank Unleashes Pyctor The move is coming at an unusual time. The digital currency market has been in a heavy period of suffering during the past several months, with assets like bitcoin losing more than...

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Are People Seeing God in Bitcoin?

Does bitcoin have a religious side to it many of us never knew existed? According to many traders, they have found God in bitcoin, and they are now reverting to their faith more than ever. Is God Present in Bitcoin? Tomer Strolight is one such person. He says he never believed in God up until 2013. That’s the year he discovered bitcoin. He found the asset fascinating and aside from investing in the currency, he says BTC has brought him something he never thought...

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A Doctor Paid $60K Worth of BTC to Hitmen to Kidnap His Wife

Ronald Craig Ilg – a 55-year-old former neonatologist from Spokane, Washington – admitted to transferring $60,000 worth of bitcoin to multiple hitmen on the Dark Web whose task was to cause severe injuries to an ex-colleague of his. Apart from that, he ordered the criminals to kidnap his estranged wife and inject her with heroin so she would drop divorce proceedings. Ilg now faces five to eight years of prison time. The US authorities will announce the exact punishment in...

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ETH Soars Above $2,000 to Multi-Month High: Weekend Watch

Unlike the previous weekend, this one starts with impressive gains from BTC and most altcoins. Bitcoin, for one, jumped to just under $25,000. With the hype surrounding the upcoming Merge, ETH soared to a multi-month high of its own, above $2,000. ETH Spikes Above $2K The Merge, a move that will see Ethereum transition from PoW to PoS, is arguably the most anticipated event of the year in the cryptocurrency space. The latest reports on the matter suggested that it could...

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Binance’s User Count Growing Due to Inflation, Says the Company’s Latin America Head

Maximiliano Hinz – top executive of Binance Latin America – argued that the spiking inflation is the main reason why the largest cryptocurrency exchange has amassed more clients in recent months. Another factor is the historically strong dollar, which has weakened other fiat currencies from emerging markets. Over the past few years, numerous experts and celebrities advised that investing in bitcoin amid the inflationary crisis is an appropriate strategy that could preserve...

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BlackRock’s Bitcoin Trust Will Create a Demand Shock: Anthony Scaramucci

Anthony Scaramucci – founder and managing partner of Skybridge Capital – believes BlackRock’s Bitcoin trust, among other developments, will contribute to a demand shock for Bitcoin that will send its price soaring.  He added that the “future” is arriving sooner than he thought, and predicted that Bitcoin will reach $300,000 per coin within a few years.  Stay Long Term, Says Scaramucci In an interview with CNBC on Friday, Scaramucci began by saying he’s seen a resurgence of...

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Bit Give Works with Heifer International to Boost Crypto Donations

Bit Give, the first bitcoin non-profit, is moving all its assets to a company known as Heifer International, a global development enterprise that seeks to end world hunger through sustainable means. Bit Give Transfers Its Assets to Heifer International Part of the partnership enables Heifer to take over what’s known as Give Track, the donation platform of Bit Give. It will also have ownership of the firm’s logo and brand assets and Give Track will be further developed...

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Paul Krake Is No Bitcoin Fan

Paul Krake is an ex-macro hedge fund manager that doesn’t think much of crypto. In fact, he’s downright skeptical of the space. Paul Krake Doesn’t Think Much of Crypto In a recent interview, Krake said he’s convinced many digital currencies are going to vanish into thin air in the coming years. He thinks a lot of them are fraudulent and will not stand the test of time. He stated: There are 19,000 [crypto] coins in the world. 18,980 of them are going under… Crypto is BS,...

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Can Bitcoin Finally Break $24K or is Another Crash Coming? (BTC Price Analysis)

Bitcoin continues its struggle to push and hold above $24K, as it has been rejected from this significant level for the third time. The price rebounded from the $20K support level last month and has been making higher highs and lows on the daily chart. This resulted in the creation of a bullish structure. Can the cryptocurrency finally break through its goal of the $24K resistance level? Technical Analysis By: Edris The Daily Chart As of this writing, Bitcoin has yet to break...

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