'Trump dump' risks pulling Bitcoin price down to $88K

Bitcoin (BTC) passed $7,200 a second time on Dec. 19 as previous bearish moves gave way to a return to higher levels.Cryptocurrency market daily overview. Source: Coin360BTC shows signs of a bullish comebackData from Coin360 and Cointelegraph Markets showed BTC/USD holding ground recovered above the $7,000 mark late on Wednesday. At press time, the pair…

In a filing with the New York State Supreme Court’s Appellate Division, New York Attorney General Letitia James roundly criticized the efforts of Bitfinex and Tether to halt her office’s investigation into the companies. Bitfinex and Tether are under investigation for an accounting coverup in which Bitfinex is alleged to have improperly transferred $625 million…

Illia Polosukhin, Ukraine-born crypto entrepreneur and Near protocol co-founder, explains how crypto has become an invaluable instrument for supporting Ukraine’s resistance. 353 Total views 25 Total shares “Crypto became the largest driver for humanitarian help as well as some of military help for Ukraine”, said Illia Polosukhin, the co-founder of Near Protocol. Polosukhin, who was born…

Vitalik Buterin, the co-founder of Ethereum, tweeted a message to thank everyone that helped make the Merge happen. 635 Total views 6 Total shares As the Merge successfully shifted the Ethereum network to proof-of-stake (PoS), the ETH community seized the opportunity to celebrate by dropping artworks and music inspired by Ethereum. Nonfungible token (NFT) artist Beeple,…

As of the end of September, Meta had more than 87,000 employees — a large proportion of which is said to work in the Reality Labs division. 213 Total views 2 Total shares Social media and tech giant Meta is reportedly gearing up for “large-scale layoffs” this week amid rising costs and a recent collapse…

Hong Kong-based blockchain remittance startup Bitspark has abruptly announced its closure, citing internal restructuring issues.On Feb. 3, Bitspark co-founder and CEO George Harrap officially announced the platform’s plans to shut down its services on March 4, 2020.According to the statement, Bitspark users will be able to withdraw their cryptocurrencies from Feb. 3 to March 4…

Musk said he was pro-AI regulation “just as we regulate any product/technology that is a potential risk to the public.”

Pullbacks are a part and parcel of uptrends. They not only help shake out the weaker hands but also offer an opportunity for traders to add to their position or make fresh entries. Currently, Bitcoin (BTC) is witnessing a correction as bulls and the bears battle for control, but is this a buying opportunity or…