Bitcoin liquidations won’t be enough to break $70K+ range high — Here’s why

Leading blockchain intelligence firm Chainalysis has found that the COVID-19 pandemic and global economic contraction is affecting Bitcoin (BTC) consumer habits in surprising ways.In a new report published on March 30, Chainalysis details how Bitcoin spending trends in three areas — merchant services, gambling and darknet marketplaces — have changed, or even reversed. Weakening correlation could…

The number of MikroTik routers affected by cryptojacking malware has repotedly doubled since summer 2018, reaching 415,000, security researcher VriesHd tweeted Sunday, Dec. 2.Since August, VriesHd has been reporting on crypto malware that targets routers and forces them to mine cryptocurrencies along with the researchers from Bad Packets Report.They revealed that routers by Mikrotik, a…

Once again, BTC price weakness is number one on the radar for Bitcoin traders after bulls fail to overcome $65,000.

The regulator stepped up enforcement actions in the crypto space following the revelations that took place around FTX. 144 Total views 3 Total shares Cryptocurrency-related enforcement actions undertaken by the United States securities regulator significantly increased in the six months following the bankruptcy of cryptocurrency exchange FTX.An analysis of press releases from the Securities and…

High or low, Bitcoin is still being shaken out of small investors and flowing to "millionaire" wallets, data confirms this week. 4263 Total views 21 Total shares Bitcoin (BTC) is changing hands fast after its drop to $32,000 and only millionaires are winning, data shows.Statistics governing wallet balances from Glassnode on Jan. 11 reveal that…

The suspect at the center of the U.S.’ first Initial Coin Offering (ICO) fraud case has pleaded guilty in court, in part settling a case seen as a bellwether for the country’s securities laws, Bloomberg reported Nov. 15.Maksim Zaslavskiy, who faces a sentence of up to 37 months after lying to investors who put funds…

US traders have one more place where they can place bets on the future price of BTC. 1634 Total views 39 Total shares It’s becoming a little more common for exchanges to have the government’s blessing to trade BTC derivatives.Bitnomial Exchange is the latest to join this mostly private party, having received a so-called “order…

Afterpay spoke as part of the Senate inquiry into “Australia as a Technology and Financial Center” and Lee Hatton said there would be enough consumer demand to offer crypto services. 81 Total views 2 Total shares Australian buy now pay later (BNPL) giant Afterpay — now part of Jack Dorsey's Square — has said that…