The ‘memecoin supercycle’ theory is converting crypto unbelievers
The memecoin supercycle theory has spread quickly, convincing many of the potential for big profits.
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Multichain inside job? And SOL surges 80% in a month: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.A trader managed to exploit the brief opening of the Multichain cross-chain bridge, which was frozen since its exploit in July 2023, allowing the trader to turn $280,000
Institutional tax-loss harvesting weighs on the Bitcoin price as 2021 comes to a close
2021 has been a breakout year for the cryptocurrency market as a whole despite the year-end struggles that have kept the price of Bitcoin (BTC) pinned below $48,000, much to the chagrin of the cadre of folks who had been calling for a $100,000 BTC moonshot. Data from Cointelegraph Markets Pro and TradingView shows that the…
Founder of Floyd Mayweather-Promoted ICO to Plead Guilty to Fraud
One of Centra Tech’s founders is entering into plea negotiations concerning the company’s fraudulent 2017 initial coin offering. 209 Total views 3 Total shares Robert Farkas is negotiating a plea bargain for his role in the fraudulent Centra Tech initial coin offering (ICO) that commissioned celebrity endorsements from Floyd Mayweather Jr and DJ Khaled.U.S. District…
Bitcoin Price Below $10K But Trend Stays Bullish, Says Veteran Trader
Bitcoin (BTC) price dropped below $10,000 Aug. 15 as another day of losses sent the largest cryptocurrency back to four figures. Market visualization. Source: Coin360Analysts shake off bearish Bitcoin signalsData from Coin360 tracked Bitcoin’s decline through Thursday, which followed a previous day’s downward momentum. In total over the past 48 hours, BTC/USD has fallen around 15%.At…
Cointelegraph Announces Chinese HQ, Bolstering Its International Expansion
To support our international expansion and global reach, Cointelegraph is delighted to announce the launch of the Chinese-language version of the publication. Today, Dec. 4, we celebrated the opening of the office of Cointelegraph China (Cointelegraph 中文).The news — which marks another milestone moment in Cointelegraph’s growth — was announced at the Nova Global Blockchain…
Fed hits Texas bank with cease and desist over servicing crypto firms
The US Federal Reserve said it identified “significant deficiencies” in the bank’s dealings with crypto clients and its risk management procedures.
Bitcoin Price Rebounds to $11.6K as VIX Is ‘Extremely Bullish’
Bitcoin (BTC) soared past the key technical resistance level of $11,500 and past $11,600 on Aug. 5 as a fresh round of bullish sentiment canceled out more of last weekend’s plunge.Cryptocurrency market daily snapshot Aug. 5. Source: Coin360Data from Coin360 showed BTC/USD reaching four-day highs of $11,650 at press time on Wednesday, having gained over…
Binance to restrict derivatives trading for Hong Kong users
Binance is yet to announce an official date for imposing restrictions on derivatives products for Hong Kong users. 361 Total views 28 Total shares Stepping up efforts to minimize the inherent risks of trading cryptocurrency, major crypto exchange Binance has announced it would restrict access to derivatives products to Hong Kong users. The official announcement reads:“Users…