Bitcoin bulls refuse to flip bearish despite the $53,300 retest

Tuesday, June 18 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) falls Near $9,000 mark again.Market visualization courtesy of Coin360Bitcoin is currently down about 3% on the day, trading around $9,045 at press time, according to Coin360. Looking at its weekly chart, the coin…

Bitcoin’s (BTC) price has so far failed to make new all-time highs above $60,000 this week. After the breakout above $58,000, negative news from India, as well as general macroeconomic weakness and rebounding U.S. dollar, appear to have halted the rally. This resulted in a pullback toward $53,000 on March 16. Such a move is normal as…

Our weekly roundup of news from East Asia curates the industry’s most important developments. China airdrops 180 million digital yuan to celebrate Lunar New Year  According to state-owned media Global Times, Chinese cities airdropped a total of 180 million digital yuan (e-CNY) worth $26.6 million to boost consumption during the Lunar New Year celebrations between…

PlusToken, one of the greatest exit scams in history, defrauded investors of nearly $6 billion, according to latest reports. 869 Total views 18 Total shares The story of PlusToken, one of the largest scams in the cryptocurrency industry, takes another twist as dozens of major suspects have been arrested.As many as 27 core PlusToken team…

The central bank official said stablecoins issued by private companies may require "stronger regulatory rules" than Bitcoin. 2981 Total views 33 Total shares Li Bo, recently appointed deputy governor of the People’s Bank of China, or PBoC, reportedly spoke on the benefits of crypto as an investment tool while highlighting regulatory uncertainty in the country…

Pleterski and an associate were arrested months after multiple investor complaints and months of police investigation.

As one of the first countries to industrialize in the 1760s, Britain’s manufacturing revolution instigated one of the greatest practical and ubiquitous changes in human history. But even more extraordinary than the cultural shift itself, is the fact that Britain’s industrialization remained way ahead of potential competition for decades. Only in the early 1900s did…

Malta’s Financial Services Authority (MFSA) has warned of a “dubious” online crypto trading platform it says has falsely claimed to be licensed in the country, English-language newspaper Malta Today reports Oct. 25.The platform in question, “Primetradingbot,” reportedly appears to be running a “high yield” Bitcoin (BTC)-related investment scheme, which the MSFA cautions has “a dubious…

Central banks around the world have pumped up their economies with huge stimulus measures. JPMorgan Chase’s chairman and CEO, Jamie Dimon, praised the United States for taking swift action to counter the current economic crisis. Despite the kind words, in a letter to JPMorgan shareholders, Dimon warned that the future “will include a bad recession…