Crypto news

Bitcoin cash price started a fresh increase above the $450 resistance against the US Dollar.The price climbed above the $485 resistance and the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $520 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could either rally further above $520 or it might dip sharply below the $485 support.Bitcoin cash price is showing positive signs above $485 against the US Dollar, similar...

It has become rather clear in recent years that crypto crime will not be tolerated. Rossen Iossifov – the Bulgarian owner of the now defunct RG Coins – is learning this lesson the hard way.Iossifov Sentenced to Ten YearsIossifov has been sentenced to ten years behind bars for running a cryptocurrency exchange that was allegedly used to launder tens of millions of dollars in ill-gotten funds. The exchange was reportedly utilized to host fake auctions, convincing people to invest and then...

A Bulgarian national was sentenced to serve ten years in prison after a major crypto-related fraud. Not long ago, the man was convicted in a transnational multimillion-dollar scheme to defraud over 900 American citizens.An Auction Fraud That Victimized over 900 AmericansAccording to an official announcement by the United States Department of Justice, Rossen G. Yossifov, a 53-year-old man, had defrauded hundreds of American citizens during a well-masterminded illegal endeavor. He managed and...

ECB President Christine Lagarde has expressed her thoughts on BTC in a recent interview, claiming the asset needs to be regulated on a “global level.”Christine Lagarde: Bitcoin Must Be Globally RegulatedIn her opinion, bitcoin has given people open doorways to numerous financial crimes such as money laundering. Thus, without global regulation in play, these doors can never be closed. She mentioned that bitcoin is not a currency. Instead, it is a rather “highly speculative asset which has...

With the initial deadline for comments long expired, FinCEN has decided to extend the comment period for its proposed controversial crypto regulation for an additional 15 days.FinCen Sets New DeadlineThe Financial Crimes Enforcement Network (FinCEN), an office of the U.S. Department of Treasury, announced the news of the extension via a press release on Thursday (Jan. 14, 2021). FinCEN’s earlier deadline was set on January 4, 2021.Following the different requests for extension, it appears...

Bitcoin has shot back above the $35,000 mark at the time of writing. This is about $2,000 higher than where it stood yesterday. The currency is once again bringing itself up the financial ladder, and it looks like the asset is beginning to earn all kinds of celebrity endorsements from the likes of singer Lindsay Lohan and others.Lindsay Lohan Is Pushing BitcoinBitcoin has always a big celebrity attractor. Many figures who can be classified as rich and famous have turned their sights to...

The bulls are back in town with a solid 15% daily price surge, as BTC reclaims the $40K price area. Only two days ago, after reaching $42K ATH, the primary cryptocurrency dropped by a steep 30% to find support upon the $30K level.The correction was even quicker than the drop as BTC had gained $5,000 only yesterday and closed the daily candle at $37,415 (Bitstamp). Today, Bitcoin’s price continued even higher, recording $40,122 as the daily high as of writing these lines.Bitcoin has initiated...

Recent data indicates that the number of Ethereum coins stored on exchanges has been gradually decreasing in the past year and showcased a massive drop in the past 24 hours alone.This causes speculations if the growing demand for ETH and decreasing liquid supply could skyrocket the asset price.Ethereum Held On Exchanges EvaporatesAccording to the cryptocurrency monitoring resource CryptoQuant, the number of ETH tokens stored on exchanges reached a 12-month high of over 14 million in the...

Über 80 Prozent der Schweizer Unternehmen tätigen zumindest einen Teil ihrer Einkäufe in Euro, wie Umfrage der Credit Suisse zeigt. Der Euro wird für Schweizer Unternehmen immer wichtiger. Wie eine Umfrage der Credit Suisse ergeben hat, nutzen über 80 Prozent der Schweizer Unternehmen für ihre Einkäufe den Euro. Teilweise ist die europäische Währung sogar wichtiger als der...

BTCS Inc. (OTCQB: BTCS), a publicly-traded company focused on digital assets and Blockchain technologies, recently announced that management invested $1.1 million in the Company.  This is a particularly bullish sign for investors in BTCS, as it provides strong evidence of management’s belief in its business model and growth potential. The round was led by its CEO, Charles Allen, who personally invested $810,000.BTCS was one of the first public companies to focus its business model around...