The CFTC claimed that the firm had proprietary software that was expected to recognize significant trading gains for investors who contributed to the Bitcoin pool, but in reality, there was no such “bot” in use. The head of a South African firm has been slapped with a massive fine of $3.4 billion by a federal judge in Texas. The US commodities regulator claimed that this was the largest-ever fraud case revolving around Bitcoin ever to be committed by a company. The head, who goes by the...
Read More »Meme Coins that Are to Change Your Mind on Crypto Investing
Meme coins may be fun, but it’s obviously not just that. Tokens such as Dogecoin and Shiba Inu are clear proof that this kind of asset can have real gain potential Crypto investing has long been all about Bitcoin and Ethereum, but have you ever considered diversifying your portfolio? There are so many alternatives to these big-name cryptocurrencies that it’s hard to choose something, but let’s take it easy. We’ll focus on a specific type of digital coin that has managed to catch investors’...
Read More »Bitcoin Stays Stagnant with Strengthened DXY Negative Correlation as US GDP Slows
The US Commerce Department’s recent shows that economic growth and GDP have slowed even as Bitcoin struggles to regain $30,000. The price of Bitcoin (BTC) has remained relatively stagnant for about a week as the US gross domestic product (GDP) is slowing. Currently trading at $28,870 according to CoinMarketCap data, BTC has been unable to hit $30,000, last seen briefly on the 19th of April, and not seen in the first quarter of the year. This trend follows the GDP’s slowing in the same...
Read More »Standard Chartered-backed Zodia Crypto Custody Raises $36M in Funding Round Led by SBI Holdings
With the SBI investment, Zodia Custody will increase its Japan presence amid increased demand for digital assets from institutional investors in the country. Zodia Custody, an institutional-grade crypto asset custodial platform backed by Standard Chartered in association with Northern Trust, has announced that it raised approximately $36 million led by Japanese financial conglomerate SBI Holdings. The London-headquartered crypto startup announced that the funding round also saw...
Read More »False Trigger about Mt. Gox Bitcoin Wallet Transfer Tanks BTC Price to $27,000 but It Recovers Fast
Arkham Intelligence issued a clarification that a bug caused to send the alerts regarding Mt. Gox and Us government selling Bitcoin. The BTC price recovered fast after the clarification. Over the last 48 hours, the Bitcoin price witnessed massive volatility sending jitters across the entire investor community. Earlier this week on Tuesday, the Bitcoin price shot up all the way to $30,000 following the news of a crisis-like situation at the First Republic Bank. But during Wednesday’s...
Read More »B Money: So funktioniert(e) der Bitcoin-Vorgänger
B Money war eine digitale Währung, die im Jahr 1998 von dem Cypherpunk-Enthusiasten Wei Dai ins Leben gerufen wurde. Es gilt als Vorläufer des Bitcoins und trug zur Entwicklung der Blockchain-Technologie bei. Obwohl B Money nie den gleichen Bekanntheitsgrad wie Bitcoin erreichte, beeinflusste es die Entstehung anderer digitaler Währungen. Die Ideologie hinter B Money war es, eine dezentrale, anonyme und sichere Währung zu schaffen, die den Benutzern mehr Kontrolle über ihr Geld gibt. Dai...
Read More »Dogecoin-Statistik: Pro Minute werden 10’000 DOGE gemined
Aktuell befinden sich 139.014.976.384 DOGE im Umlauf und die Anzahl steigt stetig weiter. Denn anders als beispielsweise Bitcoin ist Dogecoin nicht limitiert. Durch die grosse Beliebtheit von Dogecoin wird täglich auch eine grosse Menge der Kryptowährung geschürft. Ähnlich wie Bitcoin oder Litecoin nutzt auch Dogecoin einen Proof-of-Work Ansatz. Das bedeutet, dass die Coins gemined werden können. Da jedoch keine Dogecoin Obergrenze wie bei Bitcoin...
Read More »Bitcoin Breaches $28,000 amid Renewed First Republic Bank Crisis
While Bitcoin still maintains a somewhat close correlation to the S&P 500, the digital currency is now being pitched as a better alternative to traditional banking. The price of Bitcoin (BTC) is dramatically on the rise despite starting the day with a bearish slump. At the time of writing, the premier digital currency is changing hands at $28,810.19 after printing a 5.41% growth over the past 24 hours. Riding on its current outlook, the cryptocurrency is now paring off the losses it...
Read More »21Shares and Cathy Wood’s Ark Investment Renew Bitcoin ETF Bid amid BTC Price Rebound
The new filing comes as cryptocurrencies, and risk assets in general, are in recovery after a bad 2022. Crypto exchange-traded-product issuer 21Shares and investment firm Ark Investment Management are once again trying to get a spot Bitcoin exchange-traded fund (ETF) approved. This comes after the United States Securities and Exchange Commission (SEC) rejected two previous attempts. The firms argue that such a fund would offer protection currently not available to investors in the United...
Read More »Bitcoin Price Analysis: BTC Faces Uphill Task Near $29,250
Bitcoin price is correcting losses from the $27,000 zone against the US Dollar. The price is now trading near $28,500 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $29,250 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it clears the $29,250 resistance zone. Bitcoin price is rising from $27,000 against the US Dollar. BTC might eye another increase if...
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