Bitcoin technical indicators 'improving' at $59K may trigger short squeeze
Bitcoin technical indicators are “improving” — meaning a short squeeze may be “inevitable,” according to crypto analysts.
Related Posts
Prosecutor Says Crypto Scammers Should Stay in Jail Despite COVID-19 Concerns
New Jersey federal prosecutor Craig Carpenito is fighting the request of two alleged crypto scammers to be released from a county jail amid the coronavirus pandemic.According to court documents filed with the United States Department of Justice on March 24, Carpenito asserted that the recently enacted Bail Reform only preferences pretrial release of a defendant…
Fitch Ratings warns El Salvador’s ‘Bitcoin Law’ will pose risk to local insurers
Fitch warned that mainstreaming Bitcoin without clarity can introduce volatility and operational risks for Salvadorans. 575 Total views 6 Total shares Fitch Ratings has become the latest global credit rating agency to warn El Salvador against adopting Bitcoin (BTC) as legal tender, expressing concerns that crypto assets could cause systemic risks for the Latin American…
Improbable sells gaming venture for $97M, shares 2024 metaverse predictions
The metaverse developer Improbable sold its gaming venture, The Multiplayer Group, as a part of its venture strategy for 2024. Metaverse technology company Improbable announced in an end-of-the-year statement on Dec. 18 that it had sold its gaming venture, The Multiplayer Group (MPG), to Keywords Studios for £76.5 million ($97.1 million).Herman Narula, co-founder and CEO of
Bitcoin Depot converts BTC ATMs software to reduce operating costs
The software conversion of the crypto ATMs, which vertically integrates Bitcoin Depot’s hardware and software, eliminates annual software licensing fees. Own this piece of history Collect this article as an NFTCrypto ATM installations have seen a steady decline across the world over the past several months. While some ATMs have been taken out of operation…
Bitfinex to Use 27% of Tokinex Revenue to Burn LEO Tokens
Bitfinex cryptocurrency exchange announced that it will spend 27% of past and future Tokinex revenue on burning LEO tokens, according to an official blog post on July 8.Bitfinex unveiled LEO in May as the native utility token for its initial exchange offering (IEO) platform Tokinex. Parent company iFinex committed to burning LEO tokens, until commercial…
Bitcoin leads crypto market recovery as regulators turn up heat: Report
March has been a turbulent month for the crypto industry. Bitcoin (BTC) recorded its highest weekly close in 10 months and raised hopes among many that the bear market is over. One of the key drivers of this expectation was a series of banking collapses in the United States. This made investors hope for falling…
Web3 game project allegedly hired actors to pose as executives in $1.6M exit scam
On Oct. 10, the development team for gaming project FinSoul carried out an alleged exit scam, siphoning away $1.6 million from investors through market manipulation, according to a recent report from blockchain security platform CertiK shared with Cointelegraph. The FinSoul team allegedly hired paid actors to pretend to be its executives, then raised funds for the
Meta denies claim more than half of Facebook crypto ads are scams
Australia’s competition watchdog has claimed 58% of crypto ads on Facebook are scams; Meta says the data is old and unreliable.