Bitcoin’s repeating bearish engulfing trend and spot ETF outflows boost odds of sub-$60K BTC
Repeat bearish engulfing candles near range highs and Bitcoin’s inability to flip $70,000 to support are possible signs of an incoming correction
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Just Two ASIC Bitcoin Mining Rigs Remain Profitable in Current Markets
Amid the cryptocurrency market crash, even the newest crypto mining machines are struggling to seal profits for their operators, according to real-time data published by mining profitability data site ASICMinerValue.com (AMV) today, Dec. 11.AMV is a site that calculates real-time profitability rates for “ASIC” miners, hardware that uses Application-Specific Integrated Circuit (ASIC) chips, tailored to…
Rune’s upcoming mainnet launch and Terra (LUNA) integration set off a 74% rally
2021 was a roller coaster of a year for THORChain (RUNE) that saw its price top out at $20.31 only to come crashing down below $4 as a series of hacks and declining interest in decentralized finance had the token limping into 2022.Data suggests that investors could be taking a closer look at Rune and…
Crypto Exchange QaudrigaCX Goes Offline, Claims Maintenance Issues
Canadian cryptocurrency exchange QuadrigaCX is down for maintenance, according to an announcement on its webpage on Jan. 28. The exchange, which has been wrapped up in legal troubles with the Canadian Imperial Bank of Commerce (CIBC), is inaccessible as of press time.Screenshot of QuadrigaCX Webpage. Source: QuadrigaCXThe exchanges users, some of whom have purportedly been…
Canada Tightens Crypto Regulations Alongside AML/CTF Overhaul
The Financial Transactions and Reports Analysis Center of Canada (FINTRAC) has announced it will soon implement new anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. The laws including updated guidelines for virtual currencies.In a departmental report published on March 10, FINTRAC emphasizes that the establishment of “an enhanced AML/[CTF] regime” for businesses operating with cryptocurrencies…
New York Attorney General Fights Dismissal Motion in Bitfinex, Tether Case
The office of the New York Attorney General (OAG) has claimed that crypto exchange Bitfinex and stablecoin firm Tether have been operating in New York into 2019, according to official documents filed in the New York State Courts on June 8.The OAG has submitted these documents to fight Bitfinex and Tether’s motion to dismiss the…
The view from Paris Blockchain Week 2023: Web3 builds while the city burns
Paris Blockchain Week celebrated its fourth edition in spring 2023 against a backdrop of riots, protests and general civil malaise. The builders in the Bitcoin (BTC), crypto, and Web3 spaces were unfazed by protesters chanting and dancing on the doorstep of the conference venue. The event took place against the backdrop of ongoing protests in Paris…
Ethereum price hits $3,800, boosting bulls’ control in Friday’s ETH options expiry
Ether (ETH) entered a slightly bullish channel earlier this month, and currently the price is marching toward the $3,800 level. Despite the recent turbulence, Ether bulls are set to bag a $53 million profit on this Friday's weekly options expiry. Investors also appear to be disinterested in Ether's recent underperformance versus Bitcoin (BTC), and to date,…
General Motors’ Finance Arm Joins Blockchain Data Security Initiative
United States automotive giant General Motors (GM) has become the latest member to join blockchain startup Spring Labs’ partner project to enhance data security, the company confirmed in a press release Feb. 11.GM, which has experimented with the technology before, will join the Spring Founding Industry Partners (SPIF) Program, which launched in January.Now with almost…