Former Washington lobbyist Jack Abramoff has agreed to plead guilty in a case involving a cryptocurrency scam.How did this former filmmaker turned lobbyist end up involved in a cryptocurrency scam? And who exactly is Jack Abramoff?Former Lobbyist and Hollywood Filmmaker Involved in Cryptocurrency ScamLobbyist Jack Abramoff has been hit with dual charges related to a…
Bitcoin solves many problems, from monetary policy mishandling to acting as the first decentralized store of wealth.But could it also be a solution to Venezuela’s sanctioned and stuck-at-sea oil problem? Rather than aimlessly floating at sea, the oil could be put to much better use.Venezuela Has Over 18 Million Barrels Of Sanctioned Oil Floating At…
Bitcoin’s long-held bout of sideways trading may soon be coming to an end, as the cryptocurrency is currently flashing signs of overt weakness as it hovers around the lower boundary of its long-held trading range.Analysts do believe that this sideways trading will result in a downwards movement.One technical indicator recently flashed for the first time…
Bitcoin is far from a full-blown bull market.Every attempt at rally upward has been smacked down by bears. The latest of which was the rally to $9,800 on Monday, which was followed by an $800 rejection and millions in liquidations.Yet a top cryptocurrency fund is still holding a bull bias. The company’s executives wrote in…
Bitcoin has spent the last two months trading in a tight range between $8,500 and $10,000. Prices have barely deviated from these boundaries, save for minor deviations that were quickly corrected.Some say that this consolidation is a “launchpad” for the bull market. Yet the argument that Bitcoin’s recent price action is the cryptocurrency topping recently…
Bitcoin has been caught in the throes of an unrelenting bout of sideways trading, but the cryptocurrency is now flashing signs of weakness as it trades just above the lower boundary of this range.Until BTC posts a sustained break below $9,000, its near-term technical outlook will still remain somewhat unclear.That being said, one pattern that…
Bitcoin and the aggregated crypto market have flashed some signs of weakness over the past 24-hours, with the benchmark digital asset reeling down to the lower boundary of its long-held trading range in a sharp overnight movement.This latest volatility comes as multiple factors begin stacking up in seller’s favor.One such factor is the resurgence of…
The flagship cryptocurrency kicked off the week on the right foot, rising to a high of $9,800 on Monday. But the upswing appears to have been significant enough for some investors to take profit. Subsequently pushing the price of Bitcoin down to nearly $9,000.The sudden bearish impulse wiped out over $62 million worth of long…
Bitcoin has formed a “Death Cross” pattern on its daily chart as price slips ahead of the New York opening bell.The cryptocurrency’s 50-day simple moving average today closed above its 20-day exponential moving average.The pattern surfaced as the U.S. futures signaled a negative session ahead. Bitcoin and the S&P 500 have shown a positive correlation.Bitcoin’s…
Bitcoin started a sharp decline after it failed to continue higher above $9,800 against the US Dollar. BTC is currently testing the $9,200 support, below which it could decline further.Bitcoin is down more than 4% and it broke the key $9,500 support level.The price is trading near the $9,200 support and well below the 100…