Tag Archives: Bitcoin News

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Tom Lee of Fundstrat fame believes that what happened with the now disgraced crypto exchange FTX should not reflect on bitcoin or the industry in general. He still believes in the power of crypto and doesn’t think the arena should suffer because of what a few bad actors have done. Tom Lee on Bitcoin and FTX In a recent interview, Lee commented that the current bear run the crypto space is enduring is similar with the one it experienced in 2018. He said that bear run came...

Tiantian Kullander – the founder of digital currency firm Amber Group – is alleged to have passed away in his sleep on November 23 according to a statement from the company. Tiantian Kullander Has Passed On Kullander launched the enterprise in 2017. At the time of his death, the firm was valued at more than $3 billion and was in the process of garnering another $100 million. The company was composed of several workers who spent time in the traditional finance sector,...

Bitcoin price started a recovery wave above the $16,500 support against the US Dollar. The price is now trading above $16,500 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $16,780 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could rise further if it clears the $17,000 resistance zone. Bitcoin price is recovering above $16,500 against the US Dollar. BTC might extend its...

Matrix Port – a crypto services provider – believes it’s time for all crypto custody firms and related businesses to begin offering insurance to digital currency customers. Matrix Port Wants Crypto Insurance Offered Everywhere The belief stems from the recent fall of disgraced crypto exchange FTX, which took less than a week to crash and burn. Despite being only three years old, FTX (which began in 2019) rose through the ranks rather quickly to become one of the biggest...

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Billionaire investor and crypto bull Mark Cuban has not lost faith in digital currencies. Despite all the problems that have been occurring with FTX and the price of bitcoin, Cuban still feels that there’s a lot the space can offer. Mark Cuban Remains Confident in Crypto In a recent interview, he mentioned: Separate the signal from the noise. There’s been a lot of people making a lot of mistakes, but it doesn’t change the underlying value. He doesn’t think the space is...

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The state of Oregon has put out a notice to all its residents warning them that investing in crypto could be a costly mistake. Oregon to Investors: Avoid Crypto The warning stems from the Oregon Division of Financial Regulation (DFR) and comes fresh off the heels of the FTX collapse, which arguably sent ripples throughout the space and caused many analysts, traders, and industry heads alike to be stunned with surprise. Nobody expected what has been labeled the industry’s...