Category: Bitcoin

Bitcoin (BTC) prices briefly fell below $44,000 on Thursday as the United States Dollar strengthened after the U.S. Federal Reserve policy minutes revealed its intentions to limit its bond-purchasing program this year. Bitcoin risks $45,000 becoming new resistance  The spot BTC/USD rate dropped 1.71% to a new week-to-date low of $43,955. The pair’s plunge appeared

American banking giant JPMorgan Chase has reportedly blocked all account activities of Compass Mining, a Bitcoin (BTC) mining company based out of Delaware. The information came to light when Compass Mining CEO Whit Gibbs announced: “Shoutout to Chase for shutting down Compass Mining accounts for doing our part to replace the old guard with self-sovereign,

The central bank of El Salvador, Banco Central de Reserva (BCR), has published draft regulations on how banks should handle Bitcoin. Two documents were released for consultation on Aug. 17 instructing banks and financial institutions how to offer Bitcoin-related services to their customers. The first, titled “Guidelines for the Authorization of Operation of the Digital

Bitcoin (BTC) is facing a “double bubble” and will see two price tops this year, fresh data suggests. In a tweet on Aug. 18, Charles Edwards, CEO of investment firm Capriole, highlighted 2021 as having one key similarity to the 2013 double top bull cycle. Bitcoin gears up for second peak Bitcoin has divided opinion

Ohio man, Larry Dean Harmon, has pleaded guilty to laundering more than $300 million while operating the Darknet-based Bitcoin mixing service, Helix.  On August 19, The U.S. Department of Justice announced that the 38-year-old pleaded guilty to laundering more than 350,000 Bitcoin through Helix from 2014 through 2017. Bitcoin mixers are used to help people

Japanese exchange Liquid has been hacked with about $80 million in digital assets moved off the platform. The exchange confirmed the security breach in a tweet that exposed the wallet addresses implicated in the breach. The following assets had been transferred to hacker’s following addresses (Further investigation to come):BTC: 1Fx1bhbCwp5LU2gHxfRNiSHi1QSHwZLf7qETH/EWT: 0x5578840aae68682a9779623fa9e8714802b59946TRX: TSpcue3bDfZNTP1CutrRrDxRPeEvWhuXbpXRP: rfapBqj7rUkGju7oHTwBwhEyXgwkEM4yby — Liquid

New York Stock Exchange-listed mortgage firm United Wholesale Mortgage Holdings Corporation (NYSE: UWMC) says it intends to accept cryptocurrency as a form of payment.   In an earnings call during the release of the company’s second-quarter 2021 results, the chairman and CEO of the publicly listed firm, Mat Ishbia, says the plan could take effect

Crypto analyst Nicholas Merten says Bitcoin and the crypto markets look like they’re in the middle of a full recovery back to all-time highs. Merten analyzes Bitcoin in a new strategy session and says that the world’s leading cryptocurrency is behaving more like a correction within a broader bull market, rather than presenting as a

The cryptocurrency market once again entered a period of uncertainty on Aug. 18 as the price of Bitcoin (BTC) struggled to find momentum below $46,000 and large-cap altcoins pulled back slightly. Several projects did manage to buck the trend and post double-digit gains thanks to cross-chain integrations and protocol upgrades that excited their respective communities

A Bitcoin (BTC) mining indicator that has preceded several major BTC price rallies is flashing again. Blockchain analytics platform Glassnode spotted a golden cross between the 30-day and 60-day moving averages of Bitcoin’s hash ribbon. In theory, such a crossover indicates that the price momentum is switching from negative to positive. Bitcoin hash ribbons. Source: