An American couple accused of laundering billions of dollars worth of Bitcoin stolen from the 2016 hacking of virtual currency exchange Bitfinex has entered into a plea agreement, according to court records reported by Reuters. Heather Morgan, who used the hip-hop alias “Razzlekhan” to push her music online, and her husband Ilya Lichtenstein were arrested…
Senior House Republicans have officially introduced a bill that seeks to change how crypto markets function in the United States. Republican members of the Agriculture and Financial Services Committees of the United States House have introduced this bill to create a regulatory framework for digital assets. Submitted on July 20, the Financial Innovation and Technology…
Bitcoin price is still consolidating above $29,500. BTC must settle above the $30,400 resistance zone to start a steady increase in the near term. Bitcoin is struggling to clear the $30,000 resistance level. The price is trading below $30,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend…
Digital asset management platform Blofin has released a report that explores the changing narrative of the cryptocurrency market, focusing on the diverging correlation between Bitcoin (BTC) and Ethereum (ETH). The report suggests that BTC is becoming an increasingly prominent macro underlying asset, approaching the status of traditional assets such as foreign exchange and precious metals,…
In April 2023, Arkansas made history by becoming the first state to pass the ‘Right to Mine’ Bitcoin bill in both the House and Senate. However, the “Right to Mine” law in Arkansas is encountering increasing opposition as it relaxes regulations on commercial crypto mining. Reports have suggested that loosening restrictions on commercial cryptocurrency mining…
Bitcoin price is consolidating above $29,500. BTC could start a decent increase if it clears the $30,200 resistance zone in the near term. Bitcoin is struggling to gain bullish momentum from the $29,500 level. The price is trading below $30,100 and the 100 hourly Simple moving average. There is a key bearish trend line forming…
Tesla has released its Q2 2023 earnings report, which has been highly anticipated by investors, and it shows no signs of Bitcoin movement for the electric car giant in the previous quarter. The report shows that the company has had a record-breaking quarter, with the best-ever production and deliveries and revenue approaching $25 billion in…
Bitcoin price is attempting a fresh increase from $29,500. BTC could gain bullish momentum if it clears the $30,200 resistance zone in the near term. Bitcoin is slowly moving higher from the $29,500 level. The price is trading below $30,200 and the 100 hourly Simple moving average. There is a major bearish trend line forming…
Farouk Fatih Özer, the former CEO of the now-defunct crypto exchange Thodex, has been sentenced to seven months in jail. The executive was convicted for failing to submit the required documents to Turkey’s tax board. Thodex, which was once a prominent crypto exchange in Turkey, experienced an abrupt closure, leading its CEO, Farouk Fatih Özer,…
Despite Bitcoin’s current struggle to surpass the $30,000 mark, data analytics firm Glassnode earlier today reported that the asset’s realized capitalization has since been on an upward trajectory, nearing the $400 billion mark. Bitcoin Realized Cap Nears $400 Billion According to Data analytics firm Glassnode, Bitcoin’s Realized Cap is now inching closer to $400 billion, showing…