In 2019 the world was captivated by news of a Chinese-based crypto Ponzi scheme called PlusToken.The ringleaders of this scheme defrauded unsuspecting investors out of billions of dollars’ worth of crypto.The sale of these fraudulently obtained tokens was largely thought to have placed immense pressure on the crypto market, being part of the reason why…
Bitcoin has seen some immense volatility throughout the past several days and weeks, with its multiple bids to break through the $10,000 region all proving to be unsuccessful as it continues hovering within the $9,000 region.The price action seen in the time following Bitcoin’s initial break above $10,000 a few weeks ago can largely be…
The Bitcoin halving has now passed, and crypto investors everywhere are gearing up for the next bull market.According to a chartered market technician, a new uptrend forming isn’t just speculation and hype. The analyst claims while it may not happen “overnight” another leg up and a “strong uptrend period” will soon occur in Bitcoin.When Will…
Another week, another round of Crypto Tidbits. Bitcoin has seen quite the tumultuous week,The cryptocurrency started off the week with a bang, collapsing from ~$9,700, the weekly open price, to a low of $8,100, in a dramatic sell-off that liquidated over $200 million worth of long positions on BitMEX and hundreds of millions of more on…
Bitcoin saw a sharp decline today that led it down to lows of $9,200 before it rebounded back into the mid-$9,000 region. This price action made the cryptocurrency vulnerable to seeing further downside in the days and hours ahead.It is important to note that buyer aggressively confronted this dip with buying pressure, confirming that it…
Bitcoin has been consolidating in the time following its latest rejection at $10,000. This comes as the crypto’s mid-term market structure shows immense signs of strength, although in the short-term it does appear to be in a precarious position.In spite of this, analysts are now widely flipping long on Bitcoin, citing a price divergence and…
Privacy-focused Brave browser has seen a record number of new creators join the platform in the past month, onboarding almost 100,000 new verified creators. Data from Bat.watch has shown that the biggest growth was seen on video-sharing platform Vimeo, which recorded a 130% percent increase in creators.More People Flocking to Brave’s Rewards ProgramDaily new creatorsIn…
The tight correlation between Bitcoin and the stock market has been deteriorating in recent days. And following the latest price action, the correlation may finally be over and Bitcoin can break free from the shackles of the S&P 500.Bitcoin Correlation With S&P 500 Finally Diverges Thanks to HalvingBitcoin price was trading well above $10,000 in…
In a first for the country, an Australian woman has been charged with illegally operating an unregistered Bitcoin exchange.She further stands accused of using the cryptocurrency “exchange” to launder over 326 BTC transacted since 2017.Australian Woman Accused of Money Laundering Through Illegal Bitcoin ExchangeAn unidentified woman has been charged with what is said to be…
Both the crypto market and the stock market have recovered strongly since the March lows, but capital markets remain tight. So tight that to save individuals and corporations across weight classes, so to say, the Federal Reserve has stepped in with trillions of dollars worth of stimulus.It’s a trend that analysts say is beneficial for…