Bitcoin braces for Fed’s Powell as $61K BTC price eyes next breakout
BTC price frustration may find some relief as Bitcoin traders’ hopes increase of the Fed cementing interest rate cuts at the Jackson Hole summit.
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Abu Dhabi grants Binance financial services permission, economist hits out
UAE’s capital city of Abu Dhabi has granted Binance permission to offer financial services, the latest in a series of regulatory approvals for the exchange in the Middle East. 512 Total views 6 Total shares Abu Dhabi’s Global Market (ADGM) and Financial Services Regulatory Authority have granted cryptocurrency exchange Binance clearance to offer its services…
‘Who was selling? Not HODLers’ — New data hints at Bitcoin crash ‘culprit’ amid leverage wipe-out
A classic dichotomy between hodlers and leveraged traders sets this week’s Bitcoin price dip apart from the coronavirus crash of March 2020. 7654 Total views 69 Total shares Bitcoin (BTC) crashed by $9,000 in hours on Tuesday thanks to a mass unwinding of leveraged traders and borrowers, one analyst believes.In a series of tweets on…
‘Who the hell’ is Prometheum and what did it say to Congress about SEC compliance?
The relatively under-the-radar crypto company Prometheum has been thrust into the spotlight after a recent testimony from its co-founder before a United States House Committee, discussing crypto regulatory clarity. On June 13, Prometheum founder and co-CEO Aaron Kaplan appeared before the U.S. House at a hearing to discuss providing regulatory clarity to the crypto industry.Contrary…
Bitcoin per transaction cost goes down every four years, coincidence?
The cost per Bitcoin transaction is calculated by dividing miners' revenue by the number of transactions, thus implying an unpredictive trend. Diving deep into the thirteen-year-old Bitcoin (BTC) ecosystem makes one come across interesting patterns powered organically by investor sentiment and market conditions. With BTC’s per transaction cost coming down to $56.846 on July 14,…
Arkbit crypto mining MLM fraud busted by Texas regulators
Arkbit falsely claimed to operate Arkansas-based data centers for cloud mining various cryptocurrencies.
Google Removes 49 Phishing Extensions That Steal Cryptocurrency Data
Google recently removed 49 phishing Google Chrome web browser extensions after receiving reports about their activity.Harry Denley, director of security at cryptocurrency wallet startup MyCrypto, explained in an April 14 Medium post how he got the extensions removed from Chrome’s store within 24 hours with the help of phishing-specialized cybersecurity firm PhishFort. The removed extensions include…
Gemini acquires BITRIA to push crypto into the wealth management industry
Gemini’s future plans involve giving financial advisors access to crypto for their high profile investors. 212 Total views 20 Total shares Crypto exchange Gemini announced Thursday that it had agreed to purchase Bitria, a San Fransisco-based start-up that provides traditional portfolio management tools for use in crypto investments. The goal of Bitria is to provide a…
Bakkt, Technicals or Trump? 3 Theories on Bitcoin’s Sudden 13% Drop
Bitcoin (BTC) is down over 13% on the day, inviting competing interpretations as to what could have triggered the top coin’s downward turn.As of press time, Bitcoin is circling the $8,400 mark — signaling a hefty 17.8% loss on the week.Bitcoin 24-hour chart. Source: Coin360Is Bakkt to blame?Among the most popular theories among cryptocurrency commentators…