August 2022 / 84 posts found
BTC-e Operator Who Used Bitcoin to Launder $4B Extradited to U.S. to Face Charges
Bitcoin The U.S. Department of Justice (DOJ) announced Friday that Alexander Vinnik, a 42-year-old Russian, has been extradited from Greece to the United States to face multiple charges relating to money laundering and operating an illegal cryptocurrency exchange. Vinnik first got into legal trouble with the DOJ in 2017 for allegedly operating the now-defunct crypto trading platform BTC-e in the U.S. without proper authorization and helping criminals launder at least $4 billion through Bitcoin. Bitcoin An Extradition Tussle That same year, he was arrested in Greece at the request of the U.S. government. After his arrest, Vinnik’s assets, worth $90 […]
Bitcoin Is Trading at a Discount, Says Bloomberg Senior Analyst
Senior Bloomberg Analyst Mike McGlone has said that Bitcoin is currently trading at a massive discount and could become global digital collateral. According to Forbes, McGlone relied mostly on technical analysis of the 100-week moving average. In July, Bitcoin reached its lowest ever price vs the 100-week moving average. This is a sign that it is trading at an “extreme discount within an enduring bull market,” said McGlone. The senior commodities analyst also touched on the Federal Reserve’s interest rate hike in the face of current inflation and what that could mean for Bitcoin. He pointed out that cryptocurrencies benefited from […]
BTC Exchange Balance Hits the Lowest Level in 4 Years
Cryptocurrency The world’s largest cryptocurrency, Bitcoin (BTC) is currently going through a substantial price recovery after losing almost 70% of its value in the past eight months. Amid the latest market recovery, the BTC balance on leading digital exchanges is plunging. According to Glassnode, an on-chain analytics platform, the Bitcoin exchange balance reached 2.37 million BTC on Friday, the lowest level since July 2018. Coinbase suffered the most due to the recent balance dip. In July 2022, Binance became the digital exchange with the largest Bitcoin holdings. On 6 August 2022, BTC stayed above $23,000 after a jump of approximately […]
Bitcoin in Search for a Direction, Will $24K Finally Fall? (BTC Price Analysis)
Bitcoin’s price has been consolidating between the $20K and $24K level over the last couple of months, after a rapid crash from the $30K level. The $17K-$20K support area has been holding well, pushing the cryptocurrency higher towards the $24K resistance on multiple occasions but has so far failed to overcome it. Technical Analysis By: Edris The Daily Chart Currently, the price action is suggesting that Bitcoin may finally surpass this significant level to the upside, which could pave the way for a rally towards the $30K supply zone. The 100-day moving average is currently at the $26K mark, and […]
cryptocurrency, digital money, the internet currency
cryptocurrency, digital money, the internet currency
Bitcoin Price Continues To Drop With Seven Daily Red Candles
Bitcoin You don’t have permission to access “http://www.nasdaq.com/articles/bitcoin-price-continues-to-drop-with-seven-daily-red-candles” on this server. Reference #18.34c1ce17.1659772430.10c1f47f Read More
How Will These Fundamental Factors Influence Bitcoin’s Future Price Surge?
Today the world’s first cryptocurrency, Bitcoin opened the market on a bullish note. Bitcoin price has reclaimed its $23,000 price levels after facing a downfall for the last couple of days. Now, though the flagship currency is hovering just above its $23,000 range, the currency is still much behind before it revisits its all-time high of $67,000 hit during November 2021. However, the King currency still appears good to go if three of its important fundamental factors successfully influence the currency. The three fundamental factors are inflation, halving and adoption. Bitcoin, The Strongest In Volatility Most of the financial experts […]