Crypto trader profits $9M in 3 days, hits 3,000x return on investment

Bitcoin (BTC) stayed wedged in a tight range on June 4 as traders' demands for a new macro low persisted.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewLong-term holders begin 'distribution'Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stuck between $29,000 and $30,000 into the weekend.The pair had managed a revival to near $31,000 the previous day,…

The chairman of Korea’s Financial Services Commission Choi Jong-koo has reaffirmed his negative position on digital currencies and Initial Coin Offerings (ICOs), Business Korea reported Oct. 11. Choi spoke at a parliamentary audit session of the commission held at the National Assembly.South Korea prohibited ICOs in September last year, stating that such a type of…

Around 4,821 Ether, worth $8,891,578, had been returned to victims as of Friday morning. 320 Total views 22 Total shares The original attacker for the $61 million Curve, Metronome, and Alchemix exploit began returning funds that were drained in the attack. The Alchemix Finance developer wallet received approximately 4,821 Ether ($8,891,578) in a series of…

No matter if one analyzes Ether's (ETH) longer-term or weekly time frame, there is little hope for bulls. Besides the negative 69% year-to-date performance, a descending channel has been pressuring the ETH price while offering resistance at $1,200.Ether/USD 4-hour price index. Source: TradingViewRegulatory uncertainty continues to weigh down the sector. For example, Starling, a digital…

A cryptocurrency investment management company allegedly lured investors into a fraudulent fund, using the capital for personal gain, according to new complaint. 646 Total views 29 Total shares Internet tech support and consulting player KDH Consulting Group recently filed an official complaint against crypto investment management firm Iterative Capital Management for alleged fraud and misdirection. Accusations include…

Bitcoin (BTC) is attempting to notch its second successive weekly gains and end at the highest weekly closing price year-to-date. According to on-chain data from Glassnode, the recovery in Bitcoin’s price was driven by demand in the spot markets. This is likely to cheer the bulls because history suggests that spot market demand leads to…

Nonfungible tokens (NFTs) may be the biggest driver of crypto adoption in Central, Southern Asia, and Oceania (CSAO), a new report has found. According to a Sept. 21, Chainalysis post titled “Crypto Adoption Steadies in South Asia, Soars in the Southeast,” NFT-related actions accounted for 58% of all web traffic going to cryptocurrency services from this…

The information in the report appears to confirm what many in the industry already believed to be true. 912 Total views 12 Total shares A new report from investment firm Wilshire Phoenix claims that the Chicago Mercantile Exchange’s, or CME’s, cash-settled Bitcoin futures trading products affect Bitcoin’s price even though they do not directly involve…