Crypto news

Bitcoin price started a fresh decline after it failed to surpass $35,000 against the US Dollar. The price is now trading well below the $34,250 zone and the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $34,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to continue lower towards the $30,000 support zone in the near term. Bitcoin price is slowly moving lower below $33,000...

The British police confiscated £180 million or about $250 million worth of digital assets as part of a thorough investigation for money laundering. The operation was marked as the largest seizure ever executed in the United Kingdom. Breaking The Record According to a recent Reuters report, the Met’s Economic Crime Command made one of the largest global crypto seizures – nearly $250 million worth of various digital assets. The operation, which was part of an ongoing...

Scams are afoot… Researchers have identified more than 170 fraudulent Android-based cryptocurrency apps that are allegedly scamming digital currency miners. Scams Just Don’t Seem To Exit the Crypto Space The crypto space has always been fraught with money-stealing operations, some of which have been all too successful. Most of the time, operations are done on a largescale basis, such as when exchanges like Mt. Gox, Coincheck, or most recently, Africrypt were hit. These...

Approximately 40,000 bitcoin units held within the Grayscale Bitcoin Trust are about to be unlocked, and many are wondering what this news will mean for the cryptocurrency industry. Grayscale May Lose a Hefty Stash Grayscale has a unique method of operation. Institutional investors who choose to do business with the firm can buy into the enterprise directly, meaning they must hold their shares for a minimum of six months before they are permitted to sell. As it turns...

Cryptocurrencies took center stage in 2021 as the market went through a massive bull run where the price for bitcoin skyrocketed to an all-time high of $65,000 in mid-April, and many other cryptocurrencies followed suit. This attracted a lot of attention even from institutional players and large, publicly-listed companies. The elephant in the room is obviously Tesla. Elon Musk’s electric car maker announced that it had bought $1.5 billion worth of BTC back in January and even...

Is bitcoin about to stage a comeback? This is the sentiment of a few financial analysts out there, who claim that technical indicators suggest the currency may head north from here. Bitcoin May Be Heading Towards Greener Territory Financial and crypto reporter Omkar Godbole recently wrote about one specific tech indicator pertaining to bitcoin and its present market conditions. He explained: Bollinger bandwidth, a measure of volatility calculated by dividing the spread...

A few weeks after the initial filing with the US Securities and Exchange Commission, Capital Group’s allocation in MicroStrategy has become official. The giant financial firm with over $2 trillion in AUM has bought nearly 1,000,000 shares in the business intelligence company holding more than 100,000 bitcoins on its balance sheet. The financial services company based in Los Angeles, California, filed with the SEC in late June but Walter Burkley, the Senior Vice President at...

[PRESS RELEASE – Stockholm, Sweden, 13th July 2021] Qtum, an open-source public blockchain platform, has partnered with Travala.com, the leading cryptocurrency-friendly travel booking gateway. With such a move, Qtum is offering yet another onramp for QTUM token holders to capture value through new real-world applications. The partnership aims to continue promoting cryptocurrency adoption with over 3 million travel products – across accommodations, activities, and flights –...

The world’s largest digital asset manager, Grayscale Investments, has partnered with America’s oldest bank BNY Mellon. As a result, the banking giant will provide the Grayscale Bitcoin Trust with fund accounting and administration starting later this year. The announcement from Grayscale states that as of October 1st, 2021, BNY Mellon will become an official partner with several services oriented towards the company’s largest fund. Namely, the oldest US bank will “provide the...

The Co-Chief Investment Officer at SkyBridge Capital believes that Bitcoin (BTC) and Ethereum (ETH) would be the leading assets in terms of a store of value. Furthermore, he opined that the primary cryptocurrency would become the main financial instrument for transaction use. Bitcoin and Ethereum as Store of Value Assets Despite the ongoing crypto market downturn, SkyBridge Capital’s CIO – Troy Gayeski – praised Bitcoin as an asset class and highlighted its benefits. In a...