It’s no secret that China has a long and complicated history with cryptocurrency and blockchain technology, at times showing their love and hopefulness for the latter, while frequently taking actions to prohibit the use of the former. While speaking at East Tech West, Edith Yeung, the head of 500 Startup’s China unit, spoke to CNBC about this…
A Pakistani-American woman is facing up to 20 years in prison after she admitted to sending Bitcoin to a terrorist organization to fund their deadly criminal operation and activities. 27-Year-Old New York Woman Funds ISIS with Bitcoin Zoobia Shahnaz, a 27-year old New York hospital technician, has admitted to a Federal Court Judge that she…
Key Points Bitcoin price struggled to break the $4,120 resistance area and declined against the US Dollar. Yesterday’s highlighted crucial bearish trend line is active with resistance at $3,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to struggle to clear the $3,900 and $4,000 resistance levels…
Three individuals from Bulgaria were arrested over the suspected theft of nearly $5 million in crypto like Bitcoin and Ethereum. Three Bulgarians Arrested over Crypto Theft Authorities in Bulgaria arrested and charged three suspects with the alleged theft of $5 million in cryptocurrencies, according to the prosecution, and the ministry of interior – a branch…
As Bitcoin spirals to new 2018 lows and drags the enitre cryptocurrency market down with it, investors and analysts are becoming increasingly interested in the factors that could be contributing to this drop that extends further than simply a lack of buying volume and increased selling pressure. At the time of writing, Bitcoin is trading…
The price of bitcoin has dropped by 75 per cent in the past year, so anyone who invested heavily at the peak will have lost a lot of money. And now there’s more bad news for cryptocurrency investors to worry about: they may not legally own the digital assets they have purchased. My colleagues and I…
Since the introduction of blockchain in 2008, there have been more than 80,000 digital ledger technology projects launched around the world. In 2016, a total of 29 crypto projects raised over $6 billion via tokenized crowdfunding (ICO). The next year, 871 ICOs raised a whopping $6 billion, causing a wave of investment into the blockchain…
On Saturday, after Bitcoin’s days of relative stability at $4,300, a fresh wave of selling pressure washed over crypto investors worldwide, sending Bitcoin well below its purported support levels at $4,000 and $3,800. The move, which came alongside an influx of trading volume, came seemingly unanswered at first. Bitcoin’s market cap shriveled to a mere $62 billion,…
Key Points Bitcoin price declined below $4,000 and $3,600 before buyers appeared against the US Dollar. There is a major bearish trend line in place with resistance at $4,080 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must break the $4,000 and $4,080 resistance to climb higher in the…
The chief operating officer of global bitcoin payment service BitPay is not worried about the latest downward moves in the price of the largest cryptocurrency by market capitalization. Sonny Singh expects Bitcoin to surge towards the $15,000-$20,000 area over the next year as institutional incumbents launch blockchain-powered products. BitPay CEO Says Fidelity, Bakkt, Square, Blackrock,…