Tag Archives: btcusd

Bitcoin has recovered some of its dominance over the market in the past 24 hours after breaking above $11,600. At the same time, large-cap altcoins have calmed and even taken a hit, but fluctuations are evident among lower-cap alts.Bitcoin Moves AheadAs CryptoPotato reported a few days ago, Bitcoin’s price chart was forming a bullish reversal pattern suggesting a possible increase. At the time, BTC was trading at about $11,200 – $11,300, where it stood for a bit longer. In the past 24 hours,...

Lawyers for the estate of Dave Kleiman claim Craig Wright and his ex-wife, Lynn Wright, again attempted to defraud the courts by lying about Ms. Wright’s role in her ex-husband’s former firm, W&K Info Defense Research.Craig Wright Contradicts Courts Again?Craig Wright’s counsel had built part of a legal argument on the claim that Ms. Wright was a part-owner of W&K, and that her involvement denied him the chance of a fair trial.However, on July 16, Lynn Wright separately filed a...

Dave Portnoy is arguably one of the most influential and somewhat controversial legacy market traders out there.Portnoy made major headlines last month after saying that the legendary investor Warren Buffett is “washed up.” He has regularly been posting videos where he’s supporting the merit that stock markets “always go up” and, at times, claiming that he’s making money off stocks he didn’t even know he owned.Now, the poster-child of the day-trading boom, says he’s “coming to Bitcoin.” And...

The financial crisis prompted by the COVID-19 pandemic has highlighted the various investment approaches initiated across different age groups. According to a new JPMorgan analysis, elderly generations have turned to more traditional assets such as gold and bonds, while younger people have gone for Bitcoin.Old For Gold, Young For CryptoBloomberg cited the latest JPMorgan research oriented at retail investors’ behavior during and after the COVID-19 crisis. The strategist team led by Nikolaos...

Jack Dorsey’s Square noted that its cryptocurrency-friendly mobile payment app Cash App had registered its best quarter during Q2 2020. Nearly half of the $1,92 billion total revenue came from the company’s Bitcoin trading service. As a result, Square shares have pumped after hours following the record numbers.Cash App’s Record BTC RevenueSquare published the Q2 results for its Cash App earlier than expected due to “external access of the company’s quarterly financials.” While marking...

On Sunday, Bitcoin hit the all-time high against the Turkish lira (TRY). It has to do with the recent Bitcoin rally and the declining Turkish fiat currency, which fell to a record low against the euro.Bitcoin’s Safe-Haven Capability Is Noticeable in TurkeyCryptocurrency bulls are waiting for Bitcoin to update its all-time high, but everyone is using the US dollar as a reference, given its status of a world reserve currency. However, what about other national currencies? In Turkey, the...

Bitfinex will be awarding $400 million for the successful recovery of bitcoins lost in the infamous August 2016 hack. The offer is also open to the hackers themselves who pilfered around 120,000 BTC, worth $1.3 billion (at today’s rates).Bitfinex: Help Return 120,000 BTC Worth $1.3 Billion, Get $400 MillionIn an official announcement today, controversy laced exchange Bitfinex said it’s offering $400 million to folks who can connect them with the hackers who lifted around 120,000 BTC from the...

Bitcoin’s price increased by about 22% over the past couple of weeks. Its gains were greater, but there was a sudden correction during the weekend.In any case, it’s safe to say that volatility is back in the market, and with it, the interest is also increasing. In fact, data from Glassnode shows that the number of unique addresses to appear on Bitcoin’s network for the first time are at their highest level since 2017.New BTC Addresses SurgeAccording to the popular cryptocurrency analysis firm...

The United States Department of Justice (DOJ) has filed a complaint against an alleged cryptocurrency Ponzi scheme to forfeit over $7 million in Bitcoin and Tether.The administrator of the scam called the “Banana Fund” has used some of the raised funds for personal benefits, including purchasing a house.DOJ Against Banana Fund Ponzi SchemeAccording to the official complaint, the administrator of the alleged scam marketed the company to potential investors as a platform for startups to post...

Forty-year-old Russian computer expert, Alexander Vinnik, allegedly supervised and operated a Russian cryptocurrency exchange called BTC-e from 2011 to 2017.The alleged fraudster is also wanted by Washington and Moscow, according to statements from his lawyer and recent reports.Extradition Tussle: France, Russia, and AmericaVinnik was arrested in Greece in 2017 at the request of the U.S. on suspicion of laundering as much as $4 billion through BTC-e. He was extradited from Greece to France in...