Bitcoin / 629 posts found
Bitcoin Could Drop Another 20 – 40% On a US Recession – Crypto Analyst
Cryptocurrency Summary: Timothy Peterson has forecasted that the United States might already be in a recession. If such is the case, the Bitcoin and crypto markets could drop by an additional 20 – 40%. Bitcoin’s 2017 all-time high of around $20k continues to be the make-or-break level. Bitcoin and crypto analyst, Timothy Peterson of Cane Island Alternative Advisors, has forecasted that the United States might already be in a recession. He shared his analysis of a possible slowdown in the US economy through the tweet below that quoted a CNBC article pointing out that the Atlanta Fed GDP tracker also […]
Make-or-Break Levels For BTC, ETH and FTT
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MicroStrategy’s Bitcoin holdings take a record $3.4 billion hit. The company says it’s playing the long game
Cryptocurrency MicroStrategy’s Bitcoin holdings take a record $3.4 billion hit. The company says it’s playing the long game | Fortune You need to enable JavaScript to view this site. Read More
Intel starts shipping its Bitcoin mining rig as cryptocurrencies crash
In a nutshell: Intel’s accelerated computing group has started shipping its second-gen Blockscale ASIC for SHA-256 cryptocurrencies like Bitcoin. The launch is months ahead of schedule, but still too late to capitalize on the most recent cryptocurrency craze. Intel announced that it was developing Blockscale ASICs in January when Bitcoin was worth twice as much as it is now and hardware was desperately in demand. Its second-gen is arriving after the market has satiated its need, which is usually when Intel starts shipping its hardware (I’m looking at you, Arc GPUs). Despite that, the Blockscale ASIC (application-specific integrated circuit) is […]
1Feex Wallet Owner Told to Identify Themselves or Lose Contents
Cryptocurrency Reading Time: 4 minutes The owner of the Bitcoin wallet starting 1Feex has been urged to prove their ownership or risk losing some of the contents Investment company Tulip Trading Limited has claimed it owns the wallet and had access to it stolen in 2020 The end result could mark the first time a blockchain has been intentionally compromised by developers Tulip Trading Limited, a Seychelles-based investment firm headed by a man known for lying in court during a trial, in 2019 has challenged the owners of a famous Bitcoin address to identify themselves or they will claim ownership […]
CFTC Handles its Biggest Bitcoin-Related Fraud Scheme Worth $1.7 Billion
The Commodity Futures Trading Commission (CFTC), a U.S. federal regulatory agency, charged a South African citizen and a global foreign currency commodity pool with alleged fraud and registration violations worth nearly $2 billion in BTC. Fraudulent Scheme Raked in $1.7 Billion in Bitcoin According to a press release on Thursday (June 30, 2022), the CFTC issued a civil enforcement action against Cornelius Johannes Steynberg and Mirror Trading International Proprietary Limited (MTI) before the U.S. District Court in the Western District of Texas. The American regulator alleges that Steynberg, who was in control of MTI, was involved in an international fraudulent […]
Bitcoin just had its worst month on record
Bitcoin Bitcoin just finished its worst month on record, losing more than 38% of its value in June, as of Thursday afternoon. Ether, the world’s second-biggest cryptocurrency by market capitalization, ended the same period down by about 47%. Though weakness in the digital assets sector is part of a broader flight from risk, confidence in the crypto market, in particular, has been rocked in recent weeks as major companies face solvency crises. In May, the popular U.S. dollar-pegged stablecoin project UST — and its sister token luna — imploded, tallying a $60 billion collective loss. Then in early June, lending firm Celsius, which promised […]