Crypto news

Bitcoin’s price had seen a four-day decline of over $1150, while the altcoins suffered even harder.Despite that Bitcoin is currently trading around the consolidation range from a week ago, we cannot ignore this week’s false breakout to $12,500. This turned to be a fake-out, and the bearishness that came out of this is clearly seen on the following days.As can be seen on the 4-hour chart, BTC was forming a bullish triangle ($12K as an upper angle), and even after the above mention false...

Crypto lender and financial services firm Block Fi has garnered roughly $50 million in funding through a Series C funding round. The event was led by venture capital companies such as Morgan Creek Digital and brings its recently raised funds to more than $80 million after a series B round garnered the company as much as $30 million.Block Fi Is Headed to New HeightsBitcoin appears to be growing in popularity as of late, with the price of the asset spiking to new heights and briefly surpassing...

Could bitcoin potentially reach a price of $340,000?The Power and Strength of the Bitcoin PriceThis appears to be the sentiment amongst certain analysts and charting platforms granted bitcoin decides to play all its cards right. Should the currency imitate its 2016 halving behavior, there is a slim chance that it could spike to this range and beyond.As we all remember, bitcoin’s second official halving occurred during the summer of 2016. While not much happened at first, bitcoin’s price...

A new report indicated that East Asia remains the most active cryptocurrency market with the most significant number of daily transactions. At the same time, professional traders still account for most of the trading volume, while stablecoins, and especially Tether (USDT), have gained a massive market share.East Asia Dominates Crypto Trading MarketAccording to the recent report compiled by Chainalysis, “East Asia is the world’s largest cryptocurrency market, accounting for 31% of all...

Recently, bitcoin – the world’s number one cryptocurrency – rose beyond the $12,000 mark all the way to $12,400. This was huge news for every trader, big and small, though at the time of writing, things have shrunk back a little bit for everybody’s favorite digital currency.Bitcoin Has Taken a FallAs it stands, bitcoin is now trading for just over $11,800. While this isn’t as bad as where it stood yesterday ($11,600), things still aren’t quite where they were, and many analysts and industry...

BitcoinBitcoin continued its sideways movement this week as it remained around the $11,600 level. However, during the week, the cryptocurrency did push higher as it penetrated above the $12,000 resistance to reach the $12,400 level.Unfortunately, it was unable to sustain these highs as it rolled over to fall beneath $12,000 at the start of the week. Bitcoin has since dropped further as it reached the support at $11,650 (.236 Fib Retracement). A rising trend line also bolsters this support.The...

The U.S. Commodity Futures Trading Commission is reportedly after the owner of a crypto scheme, which misled over a thousand of its investors and clients. It seeks $572 million in financial penalties and restitution.$270M Worth Of BTC Stolen From More Than A Thousand CustomersАs per a recent report, the alleged Bitcoin trading pyramid Control-Finance has reportedly defrauded more than a thousand clients of the firm “since at least May 1, 2017”. Its owner Benjamin Reynolds is included in the...

Yearn Finance continues to make headlines and to exceed expectations within the field of decentralized finance (DeFi).After becoming the first altcoin after ZEC’s early days of trading to flip Bitcoin’s price convincingly, the protocol achieved yet another milestone today – it has over $1 billion in total value locked within its ecosystem.Yearn Finance Hits $1 Billion TVLIn a Twitter announcement shared about an hour ago, yEarn.Finance officially disclosed that the protocol has received more...

The US Department of Justice has alleged that Joseph Sullivan, the former Chief Security Officer of Uber, has covered up a 2016 hack on the company that compromised data of millions of users and drivers. According to the DOJ, Sullivan paid the hackers $100,000 in Bitcoin.Uber Former CSO Covers Up A Hack?The announcement from the DOJ informed about a recently filed complaint against Sullivan, who served as Uber’s CSO from April 2015 to November 2017. It charged him with “obstruction of justice...

The DeFi space continues to surge in popularity as the total value locked in protocols quickly approaches $7 billion. One of the protocols leading this increase is Aave.But it’s definitely not the only thing that’s capturing the market’s attention. Elsewhere, in the field of traditional finance, the price for Tesla stocks is up more than 360% since the beginning of the year.With this, the CEO at Aave, Stani Kulechov, has made an interesting suggestion to the chief at Tesla, Elon Musk.Tokenize...