Crypto news

New Zealand law enforcement authorities claim to have seized more than $90 million in bitcoin funds from the now 39-year-old Alexander Vinnik, the alleged fraudster who’s accused of stealing billions of dollars in crypto from unsuspecting victims through the now defunct BTC-e cryptocurrency platform.Alexander Vinnik Sees His Money TakenVinnik’s crimes apparently date back to the year 2011. The United States has sought his extradition on charges of computer fraud, computer hacking and drug...

As of late, bitcoin appears to be doing rather well for itself. The currency recently rose to the $9,600 mark, meaning that it’s surpassed present resistance and gained more than $300 in roughly 48 hours. However, according to some analysts, bitcoin is still in a position of heavy struggle, and not doing as well as it seems.Bitcoin Is Still StrugglingWhile the asset has indeed risen beyond what analysts originally thought it was capable of, many agree that the currency hasn’t “broken out.”...

A rumor is circulating that PayPal and other payment processors are looking to pledge support for bitcoin in the coming weeks. PayPal is being joined by Venmo, and the result is bitcoin appears to have surged by another $300 at the time of writing.PayPal and Bitcoin to Join Hands?Just 48 hours ago, the world’s number one digital currency by market cap was trading in the $9,300 range. However, now the currency is selling for well over $9,600. The jump was likely sparked by the sentiment that...

XRP saw a small 1.5% price drop over the past 24 hours as it fell to $0.184.The cryptocurrency has returned to the lower boundary of a descending triangle and looks to be headed beneath.Against Bitcoin, XRP dropped beneath 2000 SAT to reach 1950 SAT and creates fresh lows for 2020.Key Support & Resistance LevelsXRP/USD:Support: $0.175, $0.171, $0.157.Resistance: $0.192, $0.20, $0.207.XRP/BTC:Support: 1950 SAT, 1900 SAT, 1890 SAT.Resistance: 2022 SAT, 2050 SAT, 2100 SAT.XRP/USD: XRP Bulls...

Bitcoin suffered a 3% price drop on Wednesday, coinciding with the largest flow of BTC from miners to exchanges in over a year.BTC Flows From Miners to ExchangesThat’s according to data from blockchain analysts at Glassnode, which showed a huge transfer of 2,650 BTC going from Bitcoin miners to the Bitfinex exchange on Tuesday. Seen below, that equates to the largest transfer of BTC from miners to exchanges since March 26, 2019.The last time such a large volume of BTC moved from miners to...

Crypto-friendly payments company Square recently started withholding a significant portion of its clients’ money as businesses continue to struggle to stay afloat in the ongoing pandemic, mainstream media reported.The firm, led by Bitcoin enthusiast and Twitter founder Jack Dorsey, said in its announcement on Tuesday that the move is an effort to protect them against “risky” transactions and customers who demanded refunds after payment.“We apply reserves on more ‘risky’ sellers, such as those...

Bancor regained momentum after rising above a two-week resistance with 42% gains in a week.It may pull back to the previous breakout level if buying volume starts to decrease.An increase above the current daily high may trigger more positive actions on a short-term perspective.BNT/USD: Bancor Trades Nicely Above $1Key Resistance Levels: $1.33, $1.5, $1.7Key Support Levels: $1.118, $1, $0.92BNT/USD. Source: TradingViewEarlier this year, Bancor traded as low as $0.17 due to insufficient trading...

Join thousands of retail traders and brokers during an 18-hour live summit from the comfort of your home.Summer may have officially arrived but the trading volatility has shown no signs of slowing down. Join Finance Magnates and Forex Live for the virtual TradeON Summit 2020, taking place July 28, 2020.2020 has already proven to be one of the most unpredictable years in recent memory. These tumultuous times are the perfect backdrop for the largest virtual event of the year, with the TradeON...

Die SEBA Bank hat ein Dual Currency Zertifikat auf Bitcoin/USD entwickelt. Dieses richtet sich an Investoren, welche von der hohen Schwankungs-breite von Bitcoin profitieren möchten. Die SEBA Bank startet damit eine Serie von regelmässigen Emissionen von strukturierten Produkten auf digitale Assets. Dem Sicherheitsbedürfnis der Investoren hinsichtlich einem möglichen Emittentenrisiko wird mit...

In a recent podcast with Anthony “Pomp” Pompliano, the American entrepreneur and angel investor Jason Calacanis said that Bitcoin has been performing quite stable and promising lately. As such, he was even contemplating purchasing portions of the primary cryptocurrency.Calacanis: BTC’s Volatility Is Well In BalanceAs a former blogger, Calacanis founded Weblogs Inc in 2003 – a startup supported by an angel investment from billionaire Mark Cuban. After selling the project to AOL, Calacanis...