Bitcoin pushes toward $70K — just 6% needed for new all-time high

Two leaders of the South Korean cryptocurrency exchange Komid were reportedly sentenced to serve jail time for faking exchange volumes, Korean crypto media outlet blockinpress reports on Jan. 18.The exchange’s CEO, surnamed Choi, received a three-year sentence, while another company leader with an unspecified role was purportedly sentenced to two years imprisonment for fraud, embezzlement…

BTC price action may be struggling, but one analyst is hoping for a “sell-side liquidity crisis.” 685 Total views 35 Total shares Bitcoin (BTC) available on exchanges is about to hit its lowest levels ever, the latest data shows.As noted by Ki Young Ju, CEO of on-chain analytics platform CryptoQuant, exchange reserves have returned to…

Human nature means it’s not easy to make decisions. Choosing one option often means forsaking others and can require careful analysis and thought, which takes energy. It’s why the term “decision fatigue” was coined, referring to our inability to continue making good decisions over a sustained period.  However, in crypto marketing, the inability to choose…

In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Japan, government and industry officials secured important appointments, while new data shows the popularity of cryptocurrencies and their favored uses in Japan and China. Expert: Bitcoin is most commonly used for remittances in ChinaOn Sept. 11, Cointelegraph Japan reported that Sunny Wang, Japan's representative of Chinese…

Computer scientist turned generative artist Tyler Hobbs writes code artistically, which then creates visual art that has sold for millions.Along with 998 siblings, Fidenza #313 was minted for 0.17 ETH on June 11th, after which it was immediately sold for 0.58 ETH. Just over 10 weeks later, the NFT nicknamed “Tulip” sold for 1,000 ETH…

A person is using the Multichain Executor to drain tokens associated with the AnySwap bridging protocol, according to a July 10 report from on-chain sleuth and Twitter user Spreek. The report follows outflows of over $100 million from Multichain bridges that occurred on July 7, which were reported by the Multichain team as “abnormal.”The Multichain…

Although cryptocurrency may still be misunderstood on Capitol Hill, crypto is becoming more political as its influence gains traction. For instance, lobbying by those involved in the cryptocurrency industry has reached new heights. A report from the nonprofit consumer advocacy group Public Citizen found that the number of lobbyists for cryptocurrency-related issues rose from 115…

The CEO said that, without revenue from the mining arm, the company expected to halt its plans for a public offering and announced staff cuts.