Tag Archives: Bitcoin News

A Dallas man and the digital currency company he created are in hot water after being charged with defrauding a financial program introduced during the COVID era that was designed to keep businesses afloat. Crypto Company Fraud Thanks to COVID John Corbin Corona, age 35, was indicted in mid-November on counts of both money laundering and wire fraud for allegedly inflating the size of his cryptocurrency business – HODL LLC – to garner extra funds through the PPP (Paycheck Protection Program)...

Changpeng Zhao – the head honcho of Binance, the largest digital currency exchange in the world – stated in a recent interview that crypto is the “only stable thing” right now regardless of the volatility and falling prices many mainstream assets are dealing with. Changpeng Zhao Believes in Crypto Speaking at a conference in Lisbon, Portugal, Zhao commented that he remains confident in the digital currency space, and he believes the industry will make a solid comeback before traders even...

Bitcoin price started a recovery wave above the $16,500 support against the US Dollar. The price is now trading above $16,600 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $16,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could recover further if it clears the $17,420 resistance zone. Bitcoin price is recovering above $16,600 against the US Dollar. BTC might extend its recovery if it stays above the...

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Bitcoin has had its worst year to date, and Warren Buffett – the billionaire investor and CEO behind real estate giant Berkshire Hathaway – is laughing in all our faces right about now. Warren Buffett Really Hates Bitcoin Buffett has never supported bitcoin. In fact, he’s said some rather negative things about it. Discussing crypto assets in 2018, he said: They will come to a very bad ending. He also made it clear that he had no intention of owning any form of crypto, stating in early...

For Tim Draper, Bitcoin has a lot of fundamentals that are capable of powering its growth over time.Billionaire investor and Bitcoin (BTC) bull Tim Draper has made a $250,000 price call for the premier digital currency, maintaining his stance on how bright the future of the cryptocurrency is. Draper previously predicted that the price of Bitcoin will top the said amount by the end of this year, however, at the current level of $17,300, the coin is almost 1,400% away from that projected price...

Bandesal – a traditional bank in the nation of El Salvador – is refusing to discuss with reporters how the country is spending its bitcoin funds. It will not provide any data regarding how the country is maintaining its bitcoin purchases, nor will it say where the money is going or how it’s being stored, claiming that data is “confidential.” Bandesal in El Salvador Is Staying Quiet The Anti-Corruption Legal Advisory Center (ALAC) is condemning the bank and El Salvador for not being...

Crypto bull Elon Musk now officially owns Twitter. As one of the largest and most powerful social media platforms in the world, the deal cost approximately $44 billion, which is probably a drop in the bucket for the world’s richest man. Twitter and Musk… The Perfect Match? One of the first orders of business was to fire Twitter’s CFO Ned Segal and its chief executive Parag Agrawal, who took over when initial CEO Jack Dorsey announced his resignation last November. Musk is now the official...

Over the past few weeks, many crypto analysts have claimed that the prices of the world’s largest and most mainstream assets have become “boring” in many ways. Bitcoin, for example, has seen a real dip in its volatility over the past month or so, and the asset continues to hover at around $20K. Sometimes it’s slightly up and sometimes it’s slightly down, but the range has remained relatively consistent. Could Volatility Finally Be Standing Still? This has been the sentiment for some time,...

Vitalik Buterin – the man behind Ethereum, the world’s second largest digital currency by market cap and the number one competitor to BTC – has announced that he doesn’t think right now is the best time for a crypto-based ETF (exchange-traded fund). Vitalik Buterin: It’s Not the Time for a Crypto ETF To be fair, such a product already exists. It was introduced by Pro Shares during autumn of last year, and it stirred heavy controversy by being based on futures technology rather than actual...