Tag Archives: Bitcoin News

All eyes are on bitcoin yet again as Jerome Powell – the man in charge of the Federal Reserve – said in a recent interview that his office is not above faster, larger rate hikes in 2023, and that they could come sooner than most people anticipate. Bitcoin Could Suffer with More Rate Hikes There is great fear of more rate hikes given they swarmed 2022, a time that was extremely bearish for bitcoin. Inflation was soaring and the economy was in dire straits thanks to the...

Alameda Research – an affiliate of the now defunct crypto exchange FTX – is suing Grayscale, the world’s largest bitcoin trust. The company claims Grayscale is unlawfully holding investments and refuses to unlock them so customers can receive due payments. Alameda Research Is Suing Grayscale Alameda was at the center of controversy several months ago when it was alleged Sam Bankman-Fried – the man behind both that firm and FTX – used customer funds from the latter firm...

Bitcoin price is trading in a positive zone from the $27,200 support against the US Dollar. The price is now trading above $27,500 and the 55 simple moving average (4 hours). There was a break above a major contracting triangle with resistance near $28,250 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $28,850 resistance zone. Bitcoin price is rising from $27,200 against the US Dollar. BTC might...

The state of Connecticut is freaking out over how much crypto fraud has occurred through its growing network of bitcoin and digital currency ATMs. Thus far, millions of dollars have been stolen from multiple residents, many of whom are over the age of 60. Connecticut Is Concerned About Crypto Fraud The crypto space is largely unregulated, meaning whatever money gets stolen from one’s account will likely be gone forever unless law enforcement agents can jump on the matter...

Bitcoin and Ethereum took some nasty dips in early March due to negative news surrounding popular digital currency bank Silvergate Capital. Silvergate Has Sent Ripples Throughout the Space The company announced a net loss of more than $1 billion, and other crypto-based companies – like Paxos and Coinbase – were quick to step away from it and cut off all business with the firm. In addition, Silvergate stock fell by more than 60 percent. The good news – according to...

Three individuals – along with one business – have been charged with running a string of illegal cryptocurrency ATMs across the northern region of Ohio. The people arrested are 45-year-old Sonny Meraban, 75-year-old Reza Meraban, and 69-year-old William Suriano. Several Crypto ATMs Have Been Confiscated Two of the men were arrested in Chicago, while the other was arrested in Miami. Overall, the case was handled by 28 law enforcement agents who had garnered more than 50...

For Us All – a 401K provider centered in San Francisco, California – is set to allow all its customers to use their 401K retirement funds to invest in digital assets like bitcoin, as well as several smaller altcoins. Overall, customers have the option of investing in as many as 28 separate crypto assets. For Us All to Give Customers Access to Crypto The choices will be available to For Us All customers through a specialized Coindesk Index, with Coindesk being a popular...

As the growing liquidity strain in the price of Bitcoin is a major concern, American banks are likely to start exploring new avenues to rebuild that part of the industry. The recent bank runs of American banks as recorded in March have fueled a massive pulldown on the liquidity base of Bitcoin (BTC), the world’s largest digital currency by market capitalization. As reported by CoinTelegraph citing data from crypto analytics provider, Kaiko, the drained liquidity in the market has hit a...

What we are witnessing in America today is unlike anything the country has ever been through. We have a president in office, Joe Biden, who has taken on the form of a third-world dictator. His liberal cronies rush to do his dirty work, and crypto fans along with many members of the standard public are seeing this firsthand. Joe Biden: America’s Worst President By Far Not long ago, Alvin Bragg – a corrupt Manhattan district attorney funded by U.S. enemy George Soros –...

Bitcoin shot up again in early March, and investors have been given another hopeful boost. Bitcoin Hikes Its Price Up a Bit in Early March The currency experienced a bit of dip towards the end of February. The world’s number one digital asset by market cap had shot up to a six-month high of about $25,000 per unit during the midway point of the month, though just a few weeks later, the asset had fallen to about $23,000, roughly $2,000 less than where it had been shortly...